Barclays Bank Zimbabwe recently launched Cashsend, a simple money transfer solution that enables a Barclays customer with any Barclays debit card to send money to anyone in Zimbabwe. The recipient re...
By Business reporter | Published: 10 June 2013
UNITED STATES private equity firm Equator Capital is nearing a deal to acquire a 10 percent shareholding in Zimbabwe Stock Exchange-listed financial group, FBC Holdings, sources familiar with the dea...
By Business reporter | Published: 10 June 2013
At least 30 estate agents have so far this year failed to renew their licences for various reasons, an official said last week.Estate Agents Council of Zimbabwe registrar Mr Bennias Gweme told New Zi...
By New Ziana. | Published: 10 June 2013
Global electronics manufacturer LG Electronics has partnered with Edgars in distributing its products as it continues to increase its market footprint in the country. Demand planner and assistant p...
By Staff reporter | Published: 10 June 2013
Delta's revenue and margins for the year ending 31 March 2013 were driven by premiumisation in lager beer and soft drinks and price correction in Chibuku, CEO Pearson Gowero told an analyst briefing...
By Business reporter | Published: 10 June 2013
The country's fixed telecommunications network operator, Tel*One is understood to have been rocked by a scandal involving the diversion of employee benevolent funds to a microfinance institution, pre...
By Business reporter | Published: 10 June 2013
At least 33 Zimbabwean companies yesterday received awards from a South African-based consultancy firm, PMR Africa. The awards were based on points that the companies accrued in a survey that PMR ca...
By Staff Reporter | Published: 10 June 2013
Delta Corporation Limited, ZImbabwe's brewing giant, posted another punchy set of results showing a solid 39% growth in net income to $102.5m, beating analyst estimates of $96.0m for the final resu...
By Mafu Sithabile | Published: 10 June 2013
New Dawn Mining said its operations and development plans in Zimbabwe could be impacted by various factors, including, for example, increased taxes and royalties, mining fees, power and labor costs,...
By Mafu Sithabile | Published: 10 June 2013
Employers and employees will pay more pension contributions to the National Social Security Authority (NSSA) after the raising of pension fund by one percent.The development, to be effected in June, ...
By Staff Reporter | Published: 10 June 2013
Government is to sign an agreement with Green Fuel this week to pave way for the issuance of a five percent mandatory blending licence.The agreement will see government owning a 51 percent share.The...
By Staff Reporter | Published: 10 June 2013
Innscor Africa faces a penalty from the Competition and Tariff Commission for not giving notice of its intent to acquire a majority stake in National Foods. The commission noted during a stakeholder...
By Business reporter | Published: 10 June 2013
MBCA Bank and Mukuru.com have partnered in providing instant money transfer service to MBCA and non-MBCA customers.MBCA Bank said it is pleased to be in partnership with Mukuru.com in the provision o...
By Staff reporter | Published: 10 June 2013
The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Gideon Gono says he is aware of the dispute between founder of Kingdom Bank, Nigel Chanakira and Spiritage Group CEO, Matthew Wazara.In a statem...
By Business reporter | Published: 10 June 2013
Spanish multi-national retailer Mango says it will enter the Zimbabwean market this year, among 3 other new markets. The group announced last week, that the Catalan company would enter four new mark...
By Staff reporter | Published: 10 June 2013
AFRASIA Kingdom Bank has run into serious problems and is facing censure by the Reserve Bank after it emerged this week it is reeling from a massive US$21 million under-performing loan and could be...
By Business reporter | Published: 10 June 2013
Two months after Cabinet endorsed a plan to unbundle loss making Zesa Holdings, government has made key appointments to head newly created stand-alone units, with group CEO, Josh Chifamba reportedly ...
By Staff reporter | Published: 10 June 2013
MOBILE telecommunications firm, Telecel, plans to roll out an additional 120 base stations by July this year in a bid to increase population coverage and cater for demand, a senior company executive ...
By Staff reporter | Published: 10 June 2013
HOSPITALITY concern, Rainbow Tourism Group (RTG) plans to increase its revenue per available room to US$44 by year-end from the US$35 recorded at the end of 2012.Despite posting a loss before tax of ...
By Staff reporter | Published: 10 June 2013
BROADBAND provider Powertel is in negotiations with the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) as the regulator intends to begin issuing converged licences for servic...
By STaff reporter | Published: 10 June 2013
Embattled mining firm, RioZim Limited, is restructuring its expensive debt to fend off a going concern crisis after high interest rates guzzled into profits, generating a US$5,5 million net loss duri...
By Staff reporter | Published: 10 June 2013
DUAL listed banking group, ABC Holdings Limited, says it plans to raise a further US$100 million in 2013 to consolidate its expanding regional operation, after injecting US$50 million through a right...
By Staff reporter | Published: 10 June 2013
Savanna Tobacco says it has conquered the Matabeleland region and has now set its eyes on foreign markets, particularly Ivory Coast and Sudan. The company's chief operating officer Tongesai Zvarav...
By Staff reporter | Published: 10 June 2013
In a bid to accommodate increasing demand for rail services ahead of schools opening, NRZ has introduced additional passenger train coaches.The second school term begins tomorrow.In a stateme...
By Staff Reporter | Published: 10 June 2013
DZLH has completed the process of rationalisation and the group resumed normal production in April, group CEO Anthony Mandiwanza told the AGM this morning. "The rationalisation programme which...
By Business reporter | Published: 10 June 2013
Harare adopts ERP system 
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
