Zimbabwe's banks stand to collectively lose $73 million as a result of the Memorandum of Understanding between Bankers Association of Zimbabwe and the RBZ which effected a slash on bank charges and t...
Meikles Africa Ltd's bid to venture into the mining sector could suffer a major setback after a plan to take over a resource group hit a brick wall amid concerns directors of the group's partners â€...
The Industrial Development Corporation, a commercial arm of government, is contemplating changing its business model from a venture capital company to a development financial institution. Venture capi...
A few months after Zesa Holdings cleared a massive $100 million debt owed to Mozambique's Hydro Cahora Bassa, investigations this week shows that the debt is on the rise again. Zesa offices Bulawayo s...
Liquid Telecoms Zimbabwe has been appointed the official connectivity provider for the forthcoming United Nations World Tourism Organisation general assembly. In preparation for the general assembly, ...
Impala Platinum, an 87% shareholder in Zimplats, may pass on the final dividend when it announces its year-end results, scheduled for August 29 - a development that would restrict returns to sharehold...
ZIMBABWE Stock Exchange-listed manufacturing concern Turnall Holdings has reported an after-tax loss of $111 875 for the six months to June compared with a profit of $874 118 recorded during the same ...
ZIMBABWE Stock Exchange-listed mining company RioZim is set to resume operations at its Cam & Motor mine in the second quarter of next year.The Kadoma based mine, once the country's biggest produc...
The Zimbabwe Power Company says it requires $500 million to extend the lifespan of Hwange Power station's aged plant by at least 25 years.In a power generation status update released yesterday, the co...
FBC Holdings is negotiating for a $10 million line of credit with an offshore investor to be repaid over 10 years, chief executive Mr John Mushayavanhu said.The line of credit is being facilitated by ...
Mobile telecommunications giant, Econet Wireless, says statutory regulator, the Post and Telecommunications Regulatory Authority, has no business in operational areas and needs to confine itself to be...
TelOne, the country's fixed line operator is aiming to recover $50 million by year end through a debt collection campaign that started early this week.The company's chief executive Mrs Chipo Mtasa sai...
Telecel Zimbabwe today (Wednesday) officially opened its new branch in Victoria Falls, just two days before the United Nations World Tourism Organisation general assembly opens in the resort town.The ...
The Post and Telecommunications Regulation Authority of Zimbabwe(Potraz) has told Econet to apply for permission to run the promotion in which they slashed tariffs by 60%.Potraz says that the promoti...
Turnover at Pick n Pay's Zimbabwean joint venture TM Supermarkets grew by 5% during the quarter to the end of June as the supermarket chain continues to boost its presence in the country by adding mor...
United Nations World Tourism Organisation brand ambassadors together with captains of the tourism and hospitality industry are set to be treated to a maiden cruise on the Zambezi Trader that will be l...
FBC recorded a 20 percent increase in after tax profit to $8.3 million during the financial period ending June 30, 2013 as it continues to be well placed to exploit the new business environment.The pr...
Rainbow Tourism Group's growth strategy, which includes cost reduction and boosting of revenue, has begun paying dividends with the group achieving a 4 percent growth in revenue to $13,2 million durin...
Industrialists have called upon the government to make substantial investments in power generation and the adoption of renewable energy to boost industrial capacity utilisation.The call for the invest...
Econet Wireless's fairly new Chief Commercial and Customer Services Officer, Stan Henning announced today that Econet's LTE (commonly referred to as 4G) service has been officially switched on and ...
NATIONAL CARRIER Air Zimbabwe says its passenger patronage per flight is set to increase to between 90 and 95% courtesy of its on-going promotion which has seen a reduction in airfares by more than ha...
The cost of producing an ounce of gold under the World Gold Council's new all-in cost metric is $1 500/oz, says Gold Fields CEO Nick Holland.Holland, who addressed the Gordon Institute of Business Sc...
LOCAL pharmaceuticals manufacturer MedTech Holdings has completed disposal of its subsidiary, Zimbabwe Pharmaceuticals, closed in November last year due to its continuous loss-making and viability con...
Mobile phone subscribers have criticised the country's telecoms regulator for ordering Econet to revert to old tariffs barely a week after the operator had slashed the rates by up to 60%. The Postal a...
STATE-OWNED Zimbabwe Mining Development Corporation (ZMDC) has spent $4 million in an effort to operationalise its exploration arm, more than six months after missing the initial deadline.ZMDC genera...