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...
By Business reporter | Published: 10 September 2013
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...
By Business reporter | Published: 10 September 2013
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...
By Business reporter | Published: 10 September 2013
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 ...
By Staff reporter | Published: 09 September 2013
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 ...
By Staff reporter | Published: 09 September 2013
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...
By Business reporter | Published: 09 September 2013
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...
By Business reporter | Published: 09 September 2013
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...
By Business reporter | Published: 09 September 2013
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...
By Staff reporter | Published: 09 September 2013
The Zimbabwe Banks and Allied Workers Union says it will hold pickets against Barclays Bank while continuing with those against NMB Bank after negotiations for a salary increment for non-managerial w...
By Business reporter | Published: 09 September 2013
TelOne says it is still pursuing various strategies in the recapitalisation drive which is aimed at upgrading the parastatal's infrastructure and improving business viability.The telecommunications fi...
By Business reporter | Published: 08 September 2013
TORONTO Stock Exchange-listed New Dawn says it might be forced to close its mining operations in Zimbabwe as a result of a fall in gold prices and its failure to obtain approval on an indigenisation...
By Business reporter | Published: 08 September 2013
Turnall Holdings Limited is set to commission a 45 000 tile-making plant next month as the company angles to dominate the market and increase capacity utilisation. The managing director, Mr John Jere...
By Business reporter | Published: 08 September 2013
ONE of the country's oldest wooden flooring and furniture companies, Durawood Products, is set to resume full-throttle production before the end of this year after scaling down its operations in the ...
By Business Reporter | Published: 08 September 2013
The UNWTO General assembly hosts, Zimbabwe and Zambia, are probably still patting each other on the back for a job well done and so too may many of the participants to the event.The dust from the Uni...
By Staff reporter | Published: 06 September 2013
SMALL scale gold miners have taken steps to unlock at least $35 million funding facilities from Government amid pledges for assistance from other financiers and investors.Gold Miners Association of Zi...
By Business reporter | Published: 06 September 2013
Zimbabwe's average hotel room occupancy levels rose by a marginal 2 percent to 41 percent during the first half of the year compared to the 39 percent recorded during the same period last year.Accord...
By Business reporter | Published: 06 September 2013
Diversified agro-business concern, Interfresh has managed to raise the $3 million for working capital and settling debts that it was targeting through a rights offer.The Zimbabwe Stock Exchange listed...
By Business reporter | Published: 06 September 2013
The Jupiter Drawing Room (Harare) has acquired local advertising agency Mawazo Brand Development.The acquisition concluded on August 1, 2013 saw Mawazo cease to operate and was subsequently incorporat...
By Business reporter | Published: 06 September 2013
The Postal and Telecommunications Regulatory Authority of Zimbabwe has released the Zimbabwe National Frequency Allocation Plan draft, which will set guidelines on how radio frequency spectrum will be...
By Business reporter | Published: 06 September 2013
Kingdom Bank founder Nigel Chanakira has disposed his 30% indirect interest in AfrAsia Kingdom Holdings Ltd that is owned by his family's investment vehicle Crustmoon Investments (Pvt) Ltd.This was r...
By Business reporter | Published: 06 September 2013
Zimbabwe Stock Exchange (ZSE) listed diversified conglomerate, National Foods says it is set to inject close to $7 million on capital expenditure as part of efforts to improve the operations of the ma...
By Staff reporter | Published: 06 September 2013
Essar Africa Holdings Ltd has entered into "definitive" agreements with the Zimbabwean government to revive the old Ziscosteel plant and develop an iron ore beneficiation plant in the country, busines...
By Staff reporter | Published: 06 September 2013
Coca-Cola launched a new pocket size 350ml PET plastic bottle at the just ended Harare Agricultural Show. The brand new affordable on-the-go 350ml PET costs 70c, which is cheaper than the 330ml can wh...
By Staff reporter | Published: 06 September 2013
FORMER Apex Corporation subsidiary Marondera Foundry's assets will today go under the hammer through public auction in Marondera to settle liabilities to various creditors. The assets will be sold in...
By Staff reporter | Published: 06 September 2013
Mliswa flees to South Africa? 
South African ambassador falls to death from Paris hotel room 
India dumps US Treasury bills 
ZSE and VFEX recover after weak 1st half 
Gold edges up as traders await guidance 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
