AICO Africa Limited has secured a European investor who will invest $20 million into one of it's subsidiaries Olivine Industries, a source has revealed.A source said representatives of the new invest...
By Business reporter | Published: 03 July 2013
LIQUID Telecom, the African wholesale fibre network and satellite connectivity supplier has picked up French telecommunications equipment supplier, Ekinops, to complete its advanced fibre optic netwo...
By Business reporter | Published: 03 July 2013
Investment group Empowerment Corporation (Private) Limited (EC) is to increase its shareholding in Telecel Zimbabwe (Telecel), as the mobile group moves to fulfil its licensing obligations, businessd...
By Staff reporter | Published: 03 July 2013
Caledonia Mining Corporation's Gwanda based gold mining concern, Blanket Mine has increased production for the second quarter of 2013 by more than 10 percent according to the latest production figure...
By Business reporter | Published: 03 July 2013
Varichem Pharmaceuticals, a wholly indigenised company, employees are complaining that the appointment of Alexio Muchabaiwa as the company's Managing Director has created a lot of problems affecting...
By Business reporter | Published: 03 July 2013
BEVERAGES manufacturer Schweppes Zimbabwe Limited has been named the winner of the 2012-2013 Employer of Choice in a competition run by the Institute of People Management and Employers Confederation ...
By Staff reporter | Published: 03 July 2013
THE country's largest mobile phone operator Econet Wireless has approached the courts once again in a bid to recover $12 million owed by State-owned mobile company Netone in interconnection fees.In p...
By Business reporter | Published: 03 July 2013
The government has finalised harmonised consultation tariffs for medical practitioners, a development that is expected to resolve the stalemate between the Zimbabwe Medical Association (ZIMA) and the ...
By Staff reporter | Published: 01 July 2013
ELECTRICAL products manufacturer Powerspeed's revenue for the half year period to March 31, 2013 rose 12,5 percent to help the Zimbabwe Stock Exchange-listed group to a marginal profit.Revenue in the...
By Business reporter | Published: 03 July 2013
RTG has been allegedly hit by some serious corporate governance issues and concerns after an attempt by a board faction to push for the ouster of certain company executives.The controversial move, re...
By Business reporter | Published: 01 July 2013
AICO reported a depressed set of financials negatively impacted by the lower seed sales volumes, lower lint prices, impairments as well as high finance costs. Although sales volumes grew 18% to 213,72...
By Business reporter | Published: 01 July 2013
CASH-SRAPPED Star Africa Corporation is technically insolvent as its liabilities far outstrip assets.Star Africa will thus sell its investment in Botswana-based associate Tongaat Hulett and Blue Star ...
By Business Reporter | Published: 01 July 2013
THE country's largest shoe manufacturing company, Bata, is aiming at a 20% increase in production by year end despite a shortage of raw materials, a company executive has said.The shoe manufacturer is...
By Business reporter | Published: 01 July 2013
Metbank announced last week that it will introduce Zimbabwe's first certified Europay, MasterCard and Visa in collaboration with the global payments technology company, MasterCard.This will see the b...
By Business Reporter | Published: 01 July 2013
Listed clothing retailer Edgars Stores Limited (Edgars) plans to open three new outlets of its budget shop - Jet Stores (Jet).The group began trading under the South African Jet banner in November 20...
By Business reporter | Published: 30 June 2013
Hwange Colliery Company Limited is going ahead with a strategy to recapitalise the operations as the main thrust that would meaningfully change the fortunes of the firm, acting MD Stanford Ndlovu to...
By Business reporter | Published: 01 July 2013
PG sales in the five months to May increased 21% to $14.3 million over the same period last year. CE Hillary Munyati told the AGM this afternoon that the improved performance had been achieved agains...
By finx | Published: 29 June 2013
FBC Building Society has since the beginning of this year constructed and sold a total of 68 properties, group CE John Mushayavanhu told the AGM this afternoon. The Building Society will be comm...
By Staff reporter | Published: 30 June 2013
Zimpapers has acquired a highly digitalised and more efficient printing press, Orient X-Cel, from India for $2.5 million.Zimpapers CEO Justin Mutasa told Zimpapers AGM this afternoon that the printin...
By Staff reporter | Published: 30 June 2013
Pioneer Corporation Africa is awaiting final approval for the Unifreight transaction which is expected in the next few weeks.Pioneer CEO Albert Ushe told the company AGM this morning that the purchase...
By Staff reporter | Published: 28 June 2013
GB Holdings expects an increase in capacity utilisation, sales volume and an overall cost reduction after the group accessed $1 million funding from the Distresses and Marginalised Areas Fund (DIMAF)....
By finx | Published: 26 June 2013
Nearly every mining operation in Zimbabwe is currently hamstrung by working capital constraints, and efforts to focus on offshore capital markets are already hurt by risk aversion, said Ernst & Yo...
By finx | Published: 26 June 2013
Zimre Holdings Limited recorded 38% growth in operating profit in the
first quarter as a result of improved collections and cost control
initiatives implemented by the firm, group CEO Albert Nduna ...
By Business reporter | Published: 25 June 2013
TSL Limited posted a 31% growth in revenue to $20.22 million for the six months ended 30 April 2013 from $15.38 million in the same period last year on the back of strong performance from the group's ...
By Business reporter | Published: 14 June 2013
OK Zimbabwe board of directors on 7 June 2013 declared a final dividend of 0,40 cents per share payable out of the profits of the company for the year ended 3 I March 2013.The dividend will be payable...
By Mkhululi Siwela | Published: 13 June 2013
Zimbabwe army warns public over fake recruitment 
Mugabe son paid shooting victim R400k, court told 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Fuel shock drives Zimbabwe inflation higher 
Zimbabwe mobile sector grows as data usage surges 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
