The transformation of the financial services sector is key to attracting investment in the country, a Government official said.Finance and Economic Planning Minister Patrick Chinamasa said reforming t...
First Mutual Limited has launched a low cost cross network mobile life insurance product called e-FML which is an enhancement of the Funeral Cash Plan. FML Assurance company MD Ruth Ncube said e-...
Meikles Limited which secured approval of its provisional indigenisation plan by government a few months ago, today also got support from its shareholders to undertake transactions necessary for the p...
Zimbabwe must have adequate power supply in order to fully realise the benefits of a platinum refinery, the Platinum Producers Association of Zimbabwe (PPAZ) says.This comes on the back of escalated e...
EMBATTLED telecommunications company Valley Technologies was placed under final liquidation by the High Court, but the company's ownership remains unclear after both Nigel Chanakira and Zachary Wazara...
NAMIBIA'S power utility, NamPower, has expressed an interest in funding the repowering of Bulawayo and Harare thermal power stations, a development expected to improve electricity generation in the co...
Mining and industrial chemicals manufacturing firm Zimbabwe Phosphate Industries is seeking to raise at least $15 million for the refurbishment of its Msasa plant in Harare in order to increase capaci...
ZECO Holdings has been ranked the worst governed company on the Zimbabwe Stock Exchange at the Institute of Chartered Secretaries and Administrators of Zimbabwe awards which were held recently. ...
MEIKLES Limited's bid to swoop on Mwana Africa Plc's gold mining cash cow Freda Rebecca hit a brick wall after one of the group's major shareholders who was approached with an unsolicited offer ...
Power utility, ZESA Holdings has received a shot in the arm after government gave it a one year import duty suspension on equipment.According to Statutory Instrument 157 of 2013, ZESA Holdings was aw...
Dairy products manufacturer, Dendairy has increased its production capacity by 150 percent following a $7 million investment in a new processing plant in Kwekwe.The dairy company has since increased i...
Econet Wireless has joined an initiative led by Danish wind energy group Vestas to build small wind power generators across Africa. The programme, called Wind For Prosperity, aims to provide power to ...
SOUTH Africa-based minority shareholder activist Theo Botha has taken Zimbabwe Stock Exchange-listed Innscor Africa Limited management to task over the company's financial disclosures after it emerg...
Canada-based mining firm Caledonia Mining Corporation will now be declaring dividend on a quarterly basis, the company said yesterday. Caledonia's primary asset is Gwanda-based gold miner, Blanket Mi...
THE unbundling of Zimbabwe Stock Exchange listed Aico Africa has begun with the group withdrawing directors it had seconded to the boards of its subsidiary companies. Aico group has a 100 percent sta...
THE recapitalisation of Trust Bank is hanging in the balance amid revelations that its potential investor, Mining Oil and Gas Service, a South African-based firm will only inject money into the bank ...
MEIKLES Limited shareholders will tomorrow convene an extraordinary general meeting to either vote for or against the allocation of 10% of the company's shares to employees, as the group partially c...
LOCALLY-OWNED diamond polishing companies have raised concerns over the quality of gems delivered by local diamond companies for value addition, blighting hopes of increasing government revenue throug...
Zimbabwean authorities should seriously engage their South African counterparts to plug gold leakages estimated to be between 100 kg and 300 kg, legislator Paradzai Chakona told Parliament.This comes...
Chinese company Afrochine, which recently constructed a chrome smelting plant in Selous, is planning to build a multi-million dollar electricity generation plant in the area to ensure continued power ...
EcoCashSave account holders will soon be able to also borrow money, just like ordinary bank account holders. This is part of what will be called EcoCashCredit that Econet is planning to roll out earl...
Local contractors say lack of lines of credit has disadvantaged them from competing with their regional counterparts and this has impacted negatively on the growth of the sector.Zimbabwe's liquidity c...
At the company's 17th AGM held on Friday 22 November 2013, all resolutions tabled were passed unanimously.In a trading update, management reported that turnover for Q1 2014 increased by 5% y-o-y. Marg...
ZTE Corporation, the Chinese-headquartered global provider of telecommunications equipment and network, is planning to supply 80 percent of Zimbabwe's smartphone market with affordable handsets.The co...
The Zimbabwean government has announced it will summon mining companies in the controversial Chiadzwa diamond fields to ask why their revenues are so low.A top government official says diamond product...