GOVERNMENT says it has fulfilled outstanding obligations that have been stalling the revival of Zisco and awaits new majority shareholder Essar Africa to meet its end of the bargain.Industry and Comme...
By Business Reporter | Published: 20 December 2013
Funeral companies in Zimbabwe wrote gross premiums amounting to $24 million in the third quarter of the year, a 46 percent growth from figures reported in same period last year, according to figures ...
By Staff reporter | Published: 20 December 2013
The first sale of diamonds from Marange in a trial tender held at Antwerp, Belgium this week attracted an overwhelming response, achieving total sales of almost $7,6 million ($10,5m) after 279 7...
By Staff reporter | Published: 20 December 2013
HARARE- Art Corporation CE Richard Zirobwa told analysts yesterday that the Group is seeking $15 million capital to fund its operations over the next five years, adding that one of the shareholders ha...
By Staff reporter | Published: 19 December 2013
China Africa Sunlight Energy (Caseco) plans a $2 billion investment in the country over the next 12 years.Caseco is a joint venture between Chinese Shandong Taishan Sunlight Investment Company and Zim...
By Staff reporter | Published: 19 December 2013
Star Africa released a depressed set of results underlined by a 60% decline in the top line from $17.4m to $6.9m. This was mainly attributed to a 44% decrease in sugar production at Gold Star Sugars H...
By Staff reporter | Published: 19 December 2013
The Scheme of Arrangement between Star Africa Corporation Limited and its lenders and creditors which was sanctioned by the High Court on 7 August 2013 and registered with the register of companies on...
By Staff reporter | Published: 19 December 2013
ART Corporation reported a muted operating performance characterised by increased competition and decline in sales volumes for financial year ended 2013. Although capacity utilisation increased by one...
By Staff reporter | Published: 19 December 2013
THE ugly fight between banks and Econet Zimbabwe, the country's largest telecoms company, has sucked in its subsidiary Steward Bank, amid revelations other banks have refused the bank entry onto the p...
By Staff reporter | Published: 19 December 2013
A Zimbabwean private equity firm Brainworks Capital has been appointed as one of the key financial advisors to the $325 million Atlas Mara investment vehicle.Atlas Mara is a banking investment cash sh...
By Staff reporter | Published: 19 December 2013
State-owned gold refinery, Fidelity Printers and Refinery, resumed operations on Tuesday this week after a major facelift of its Harare plant, senior officials said yesterday.The company, a subsidiar...
By Business Reporter | Published: 19 December 2013
The Zimbabwe government says the amended Mines and Minerals Act, due take effect in February, will decriminalise gold panning and provide for the State to seize unexploited mining claims from foreign ...
By Mining weekly | Published: 18 December 2013
The debt that power utility, Zesa holdings wrote off last month on domestic consumers and farming communities has not had a significant impact on its operations, a senior government official said on T...
By New Ziana | Published: 18 December 2013
Following the chaos that occurred at Allied Bank recently this week speculators are of the view that struggling banks depositors may face a gloomy festive season as some local banks reel under a bitin...
By BH24-BusinessDaylive | Published: 18 December 2013
One of the resolutions from the 2013 Zanu-PF Annual National People's Conference on promoting mineral beneficiation and value addition is to priorities the operationalisation of New ZimSteel and engag...
By Staff reporter | Published: 18 December 2013
ZIMBABWE'S life insurance companies wrote $183 million in net premiums in the half quarter to September 30, 2013 according to figures from a report by the Insurance and Pensions Commission (IPEC).This...
By Staff reporter | Published: 18 December 2013
SABMiller announced on Wednesday that chairperson Graham Mackay, who has been with the company for 35 years, passed on.Mackay died peacefully on Wednesday morning with his family at his side, the grou...
By Staff reporter | Published: 18 December 2013
OK Zimbabwe Limited announces the opening of its Bon Marche branch in Bulawayo's Parklands suburb on 18 December 2013. The Bon Marche branch will be operating from Shop 1, Megawatt Shopping Centre, Pa...
By Staff reporter | Published: 18 December 2013
CBZ Bank Limited (CBZ) has secured a $120 million credit facility from a top European bank, businessdaily can reveal.The money, which is expected to go a long way in easing the current liquidity crunc...
By Staff reporter | Published: 18 December 2013
Zimbabwe Alloys Limited, (ZimAlloys) has been placed under judicial management and may face liquidation after the ferrochrome producer's debt rose to alarming levels.The latest Government Gazette reve...
By Staff reporter | Published: 18 December 2013
GULLIVER Consolidated Limited is now firmly poised to bring in new equity investors or float a rights issue to raise funding required to clear liabilities to creditors following confirmation of Mr Reg...
By Staff reporter | Published: 18 December 2013
BEVERAGE maker Schweppes Zimbabwe Limited's year-end voulumes declined compared to the prior year due to softening demand on the back of a weakening economy, a company official has said.In an intervie...
By Staff reporter | Published: 18 December 2013
ZB Financial Holdings (ZBFH) says a delay in Reserve Bank of Zimbabwe (RBZ) approval is stalling plans to merge its banking arm and mortgage lender, ZB Building Society (ZBBS).The group intends to com...
By Staff reporter | Published: 17 December 2013
At least 63 765 hectares have been put under tobacco so far for the 2013/2014 cropping season in the nine growing provinces, up from 40 316 at the same time last year. Mashonaland West province has th...
By Staff reporter | Published: 17 December 2013
The first auction of diamonds originating from Zimbabwe's eastern Marange fields following the removal of European Union sanctions has attracted "much interest," the Antwerp World Diamond Centre said....
By Bloomberg | Published: 17 December 2013
Court rebukes RBZ, lifts US$7m freeze 
Mugabe son paid shooting victim R400k, court told 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Fuel shock drives Zimbabwe inflation higher 
Court ruling exposes deep cracks in Zimbabwe's gold trade 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
