The Zanu-PF Masvingo provincial leadership has ordered sugar cane growing giant Tongaat Hullet to immediately surrender over 6 000 hectares of cane plantations at Triangle that will be allocated to la...
ZIMRE Property Investments Limited is pleased with the rate at which they are recovering the returns from their two projects in Harare and Masvingo.The company has to date sold a total of 303 stands ...
Alpha Media Holdings (AMH) is restructuring its operations in editorial, advertising and distribution departments which could result in some positions with the organisation being made redundant.AMH C...
ECONET WIRELESS-OWNED internet access provider and internet service provider Liquid Telecom recently announced that it has completed the country's first direct fibre connection to the West African Ca...
Rainbow Tourism Group has launched a new jingle that is centred on their payoff line "Whithersoever, whensoever with RTG life is nice" and their dancing in the rain thrust. Dancing in the rain was tak...
ZSE-listed Rainbow Tourism Group yesterday scored a first in the hotel industry when it launched a new package, "Stay now, pay later", that allows individuals and organisations to book into the hotel ...
THE Postal and Telecommunications Regulatory Authority of Zimbabwe has released the Zimbabwe National Frequency Allocation Plan draft which will indicate the extent of frequency resources that will b...
The Industrial Development Corporation (IDC) of Zimbabwe says it needs more than $100 million to recapitalise its subsidiaries.The proposed funds are aimed at reviving the corporation's divisions, whi...
Power utility company ZESA has announced a $170 million debt relief for domestic customers and resettled and rural farmers.ZESA says the debt relief to customers was devised after extensive consultati...
ZSE-listed Rainbow Tourism Group yesterday scored a first in the hotel industry when it launched a new package, Stay now, pay later that allows individuals and organisations to book into the hotel gr...
BINDURA Nickel Corporation is projecting to attain a cash positive position by the end of next month after overcoming its immediate funding requirements.The projection is contained in the firm's finan...
Zimre Property Investment (ZPI) released a lukewarm set of numbers showing a 25% growth in revenue to $3.5m from $2.8m. Rental income contribution reduced significantly from a high of 70% in December ...
First Mutual Holdings Limited (FMHL) released a mixed set of numbers indicating a 16% jump in gross premium written to $52m from $45m in the prior period. The biggest contribution to revenue came fro...
Zimbabwean banks have been ranked among the worst financial institutions in the world due to low capitalisation levels and systemic risks inherent in the economy.According to the World Economic Forum ...
HARARE - Orhan Abbas, whose career spans 15 years within commercial roles at Emirates, has been appointed Senior Vice President, Commercial Operations, Latin America, Central and Southern Africa.Orhan...
Johannesburg-based investment holding company, Mondise Capital and the pan-African Imara financial services group today (Tuesday, September 10) announced the formation of a joint venture, Imara Mondis...
ZSE-listed concern Pearl Properties' profit for the six months to June was up 22,2% to $ 1,9 million driven by growth in net property income, the company has announced.Basic earnings per share rose t...
STANDARD Chartered Bank of Zimbabwe Limited profit for the six months to June has narrowed to $7,2 million compared with $8 million over the same period last year due to growth in operating expenses.D...
Small-scale miners have accused top management at the chrome mining giant, Zimasco, of pushing them out of business by awarding lucrative contracts to large-scale miners. The miners said Zimasco rece...
The government is expected to invite bids for potential investors to take up 49 percent stake in the Agricultural Development Bank of Zimbabwe (Agribank) to recapitalise the financial institution.In ...
Power utility Zesa Holdings said it is awaiting the appointment of a new Energy Minister to decide whether it should also write off domestic consumers' debts, the New Ziana reported.Pressure has been ...
FORMER Old Mutual Zimbabwe chief executive Mr Luke Ngwerume and his business associates Mr Toddy Moyo and Mrs Tracey Mutaviri will get a $12 million loan from the insurance group to acquire a 3,5 perc...
Metbank Limited has snapped up a 32.1% stake in Interfresh Limited after taking up 63.7 million shares as the underwriters to the horticultural concern's poorly subscribed rights issue which closed la...
The Agricultural Bank of Zimbabwe (Agribank) posted a $3.7 million loss for the 6 months ended June 30, 2013 due to low levels of lending and measures introduced by the Reserve Bank. The $3.7 million...
AFRASIA HOLDINGS has entrenched its footprint on the Zimbabwe financial landscape and the economy in general after assuming a controlling interest in AfrAsia Kingdom Limited, which will be renamed Afr...