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
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...
By Business reporter | Published: 23 August 2013
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€...
By Business reporter | Published: 23 August 2013
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...
By Business reporter | Published: 23 August 2013
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...
By Business reporter | Published: 23 August 2013
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, ...
By Business reporter | Published: 23 August 2013
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...
By Business reporter | Published: 23 August 2013
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 ...
By Business Reporter | Published: 23 August 2013
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...
By Business reporter | Published: 22 August 2013
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...
By Business reporter | Published: 22 August 2013
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 ...
By Business reporter | Published: 22 August 2013
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...
By Staff reporter | Published: 22 August 2013
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...
By Business reporter | Published: 22 August 2013
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 ...
By Mike Hamilton | Published: 21 August 2013
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...
By Business reporter | Published: 21 August 2013
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...
By Business reporter | Published: 21 August 2013
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...
By Business reporter | Published: 21 August 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
