SADC is likely to expedite the adoption of a new streamlined visa system after the regional bloc yesterday further committed itself to the introduction of a UNI-VISA system.This was the major outcome ...
By Staff reporter | Published: 27 August 2013
Zimbabwe National Water Authority has embarked on an exercise to de-silt water courses across the country and has acquired advanced equipment from United Kingdom for that purpose. In an Interview at ...
By Staff reporter | Published: 27 August 2013
ZB Building Society managing director Sifiso Mahlangu has been suspended on suspicion of loan manipulation involving loans amounting to $40 000. Mahlangu was tipped to succeed Ron Mutandagayi as the g...
By Business reporter | Published: 27 August 2013
Afrasia Kingdom Zimbabwe Limited is planning to raise $50 million through a rights issue as the group seeks to boost underwriting capacity of its flagship banking unit, sources close to the developmen...
By Staff reporter | Published: 27 August 2013
The Grain Marketing Board will soon commission a $30 million stock-feed plant to expand its revenue base in terms of an ongoing commercialisation programme.The initiative is meant to boost revenue inf...
By Business reporter | Published: 27 August 2013
The National Railways of Zimbabwe requires $2 billion for the full rehabilitation of railway lines over a period of 10 years, the parastatal's public relations officer has said.Speaking at the Harare ...
By Staff reporter | Published: 27 August 2013
ECOBANK Zimbabwe's profit before tax leapt 2 300 percent to $1,2 million in the half year to June largely driven by growth in interest income. Interest (US$4,6 million) and non-interest income ($4,3 m...
By Business reporter | Published: 27 August 2013
According to the June RBZ monthly report the volumes of bank transactions declined.The value of transactions processed through the RTGS system in June 2013 decreased by 9.48% to $3.54 billion, from $3...
By Staff reporter | Published: 26 August 2013
INDIAN firm, Indure Private Limited has won a $11 million tender to rehabilitate and upgrade the ash plant at the Hwange Thermal Power Station.The project is financed by the Zimbabwe Multi Donor Trust...
By Business reporter | Published: 26 August 2013
The Zimbabwe United Passenger Company (Zupco) has acquired 51 buses valued at $4,3 million as part of the organisation's three year strategy aimed at improving operations and maximising shareholder ...
By Staff reporter | Published: 26 August 2013
Zimbabwe Stock Exchange-listed financial services group FBC Holdings (FBCH) has acquired more than 2 000 hectares of prime land in Harare earmarked for the construction of residential properties.The g...
By Business reporter | Published: 26 August 2013
Zimbabweans will have to grapple with power cuts for the next 5 years, until the country completes new generation projects subject to availability of funding, the power generating parastatal said last...
By Staff reporter | Published: 26 August 2013
Financial institutions have remained profitable despite prevailing liquidity challenges and uncertainties over capital thresholds. Of the five banking groups that have released their earnings in the c...
By Staff reporter | Published: 26 August 2013
Zimbabwe's construction sector is expected to remain depressed due to the economic due to the economic uncertainty posed by the July 31 election, industry players indicate. While sector has been subdu...
By Staff reporter | Published: 26 August 2013
FBC Holdings Limited (FBCH) is developing a 72-cluster home project in Waterfalls as the financial services group plans to complete half of the units by year end, a company official has said. FBCH chi...
By Business reporter | Published: 26 August 2013
Zimbabwe's largest mortgage lender, CABS Building Society, said the construction of the Budiriro housing project is underway amid plans to roll out the housing scheme in October, a company official ha...
By Business reporter | Published: 26 August 2013
ZB Financial Holdings (ZBFH) says it is actively engaged with
prospective investors for possible recapitalisation of the group through
a private placement.The group already plans to complete the
me...
By Business reporter | Published: 25 August 2013
HOSPITALITY concern Rainbow Tourism Group (RTG) expects to increase its ability to generate free cash in the second half of the year in order to meet financial obligations.The group's increased optimi...
By Business reporter | Published: 25 August 2013
BANKING group ABC Holdings has restructured its loss-making unit in Tanzania as it moves to turn around the waning fortunes of the entity that had shown no signs of abating.ABC Holdings runs banking o...
By BUsiness reporter | Published: 25 August 2013
Local firm Woble Investments, owned by businessman and banker Mr John Mushayavanhu, has managed to secure US$24 million funding that was needed to acquire a controlling 51 percent in Masawara Plc's e...
By Business reporter | Published: 25 August 2013
Liquid Telecom has introduced a latest data transmission technology called the Dense Wavelength Division Multiplexing (DWDM) in Zimbabwe.It is the latest technology for transporting enormous amounts ...
By Business reporter | Published: 23 August 2013
ZB Financial Holdings Limited has recorded an after tax profit of $2,5 million for the half year ended June 30 representing a 168 percent increase compared to the comparative period the previous year....
By Business reporter | Published: 23 August 2013
THE mining sector is poised to lead the country's economic growth over the next few years as the industry holds huge potential for development, President Mugabe said.In his inauguration speech at the ...
By Business reporter | Published: 23 August 2013
Rainbow Tourism Group (RTG) has suspended its retrenchment exercise after coming out of the woods, posting a $105 000 profit after tax in the half year to June 2013 from a $3,2 million loss incurred i...
By Business reporter | Published: 23 August 2013
DRDGOLD Limited, South Africa's fourth largest gold miner, has received expression of interest from potential acquirers of its Zimbabwean assets.DRDGold is selling its Zimbabwean exploration projects ...
By Business reporter | Published: 23 August 2013
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
