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...
By Staff reporter | Published: 25 November 2013
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...
By Staff reporter | Published: 25 November 2013
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...
By Staff reporter | Published: 25 November 2013
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...
By Business Reporter | Published: 25 November 2013
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...
By Staff reporter | Published: 25 November 2013
BULAWAYO-based textile firm National Blankets (Pvt) Ltd creditors will next month submit their financial claims as the troubled firm's liquidation draws to a close.According to officials from the PMA ...
By Staff reporter | Published: 25 November 2013
The construction of a $25 million chrome smelter in Selous has been completed in a move that will increase value addition of raw chrome.The smelter, which was built by a Chinese company, Afrochine Sm...
By Staff reporter | Published: 25 November 2013
Zimbabwe is in talks with private investors to build a $1 billion platinum refinery, after companies "deliberately delayed" construction, Mines minister Walter Chidakwa said.Chidakwa, who didn't ident...
By Bloomberg | Published: 25 November 2013
INNSCOR'S first quarter performance is not only signalling the slowdown of the economy, but is also pointing to a business which has reached maturity and perhaps suffering from an old conglomerate syn...
By Staff reporter | Published: 25 November 2013
OLD Mutual Zimbabwe will spend about $100 million on property development in the next three years, group chief executive Mr Jonas Mushosho said last week. Some of the projects being implemented by the...
By Business Reporter | Published: 25 November 2013
GRANT Thornton Camelsa is on the verge of sealing a deal that will result in the injection of over $20 million in fresh investment into Cairns Holdings by South Africa's Vasari Global Limited. The pro...
By Business Reporter | Published: 25 November 2013
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Zimbabwe Energy Regulatory Authority is finalising the development of Renewable energy feed in tariffs (REFIT) which will help in the implementation of power projects under the Zimbabwe Agenda for Sus...
By Staff reporter | Published: 22 November 2013
A top Brazilian construction firm, Andrade Gutierrez (AG) has expressed interest in developing the Batoka Gorge Hydro Power Project being implemented by Zimbabwe and Zambia to increase electricity gen...
By New Ziana | Published: 22 November 2013
LONDON listed coal and iron ore exploration and development company Sable Mining Company is set to roll out a new $500 million coal mine in Zimbabwe.Sable is one of the 20 companies granted special g...
By Staff reporter | Published: 22 November 2013
Innscor Group CE John Koumides told the AGM today that the Group recorded a 5% turnover growth in the first quarter while profitability went down 18% as Zimbabwe is in a tough and extraordinary situat...
By Staff reporter | Published: 22 November 2013
Astra Industries reported a flat set of results showing a 3% growth in revenue to $28.1m. Sales volumes grew 7% and gross margins reduced from 35% to 33% mainly due to increased competition and risin...
By Staff reporter | Published: 22 November 2013
RADAR HOLDINGS is targeting to produce 60 million bricks in the current financial year with a 19 percent increase in volumes anticipated after the completion of a dedicated power-line project at its W...
By Staff reporter | Published: 22 November 2013
ABC HOLDINGS has secured regulatory approval for its mandatory offer to minority shareholders with the board set to recommend whether the minorities should accept controlling shareholder African Devel...
By Business Reporter | Published: 22 November 2013
Global technology giant, Samsung on Thursday signed a partnership agreement with a local firm which could eventually result in the establishment of an assembly plant by the South Korean firm in Zimbab...
By Business Reporter | Published: 22 November 2013
HOSPITALITY group Cresta has put on hold its $6 million refurbishment of one of its units to March next year taking a break for the festive season.The three-star Cresta Lodge was undergoing a facelif...
By Staff reporter | Published: 22 November 2013
President Mugabe, who is in Kuwait for an Arab-Africa summit, yesterday met a top Kuwaiti transport and logistics business executive to discuss possible investment in the country. Agility managing dir...
By New Ziana | Published: 21 November 2013
The Cotton Company of Zimbabwe is looking to partner local and foreign companies in the beneficiation of cotton to promote higher producer prices for farmers.Addressing members of the National Assembl...
By Staff reporter | Published: 21 November 2013
A JOHANNESBURG based businessman is taking mobile operator NetOne and Chinese telecoms equipment maker Huawei to court amid allegations of an irregularly awarded multi-million dollar network upgrade d...
By itwebafrica.com | Published: 21 November 2013
ROAD Motor Services (RMS) has failed to pay its workers for the past eight months.Workers who spoke to reporters on condition of anonymity said the company has not been paying them for the last eight...
By Business Reporter | Published: 21 November 2013
PRETORIA Portland Cement says it will start constructing a $200 million cement plant in the north- eastern part of the country next year, as the group's African expansion gathers momentum. "We intend ...
By Business Reporter | Published: 21 November 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
