About US$645 million has been traded on the interbank market since the platform was established in February this year, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said. "As at the end...
By Staff reporter | Published: 09 July 2019
A KLM airlines cargo plane yesterday dropped a flap mid-air in Chitungwiza, but landed safely at Robert Gabriel Mugabe International Airport. Civil Aviation Authority of Zimbabwe (CAAZ) public relatio...
By Staff reporter | Published: 09 July 2019
INFORMATION and Communication Technology (ICT) minister Kazembe Kazembe says government has so far established 146 community information centres (CICs) across the country in an effort to grow the econ...
By Staff reporter | Published: 05 July 2019
NetOne Managing Director for Mobile Financial Services (MFS) Nkosinathi Ncube tendered his resignation on Tuesday this week.Few details on his departure from the company have however emerged. NetOne C...
By Staff reporter | Published: 05 July 2019
State owned fixed telecommunications giant TelOne says unpaid Government debts amounting to $93 million, 62 percent of total debt, are largely the reason it has struggled to meet obligations to critic...
By Staff reporter | Published: 05 July 2019
The national airline Air Zimbabwe and Botswana based charter airline Mack Air today signed an agreement for the launch the "Flame Lilly Hoppa" domestic and regional air service.The agreement, which wa...
By Staff reporter | Published: 04 July 2019
STEWARD Bank recorded a 42% increase in profit-after-tax to ZWL$31,9 million in the year ended February 28, 2019 from ZWL$22,5m recorded in the previous year, driven by growth in non-interest income.D...
By Staff reporter | Published: 04 July 2019
CFI holdings Limited reported a profit-after tax of ZWL$7,2 million in the half-year to March 31, 2019, up from ZWL$2,1 million posted over the same period last year, driven by growth in earnings from...
By Staff reporter | Published: 04 July 2019
Government has commended the work done by a Chinese-owned tiles manufacturing company, Sunny Yi Feng based in Norton, which has already started exporting some of its products. The company began produc...
By Staff reporter | Published: 04 July 2019
BULAWAYO residents are complaining about poor service delivery at banks in the city when changing their foreign currency into local currency. The residents said they are made to wait for long hours be...
By Staff reporter | Published: 04 July 2019
LISTED quick service business, Simbisa Brands, has set the pace by slashing prices of its major products by 20 percent margins in response to monetary and fiscal consolidation measures being implement...
By Staff reporter | Published: 04 July 2019
AIM-listed mining and resource development concern, Vast Resources, is expecting a turnover of US$53 million per annum in its envisaged diamond mining investment in the country, the firm told an inves...
By Staff reporter | Published: 04 July 2019
DAVID Whitehead Textiles (DWT) intends to "immediately" restart operations at Chegutu factory after several years of intermittent operations, following acquisition of the company's majority shareholdi...
By Staff reporter | Published: 04 July 2019
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has come into agreement with mobile network operators for the establishment of new base stations under a Build-Operate-Trans...
By Staff reporter | Published: 04 July 2019
GOVERNMENT has allocated war veterans 15 000 hectares of farmland in the country's eight agricultural provinces following complaints that the liberation war fighters were excluded from the Land Reform...
By Staff reporter | Published: 04 July 2019
Chrome mining and smelting company, Afrochine Smelting, has been taken to the High Court by NR Barber (Private) Ltd, for allegedly unlawfully removing its chrome ore worth US$7 million.Afrochine Smelt...
By Staff reporter | Published: 03 July 2019
Telone trimmed its debtors' book by 7% from $162 million in 2017 to $151 million in 2018, but is still struggling to recover debts owed by government departments and parastatals totalling $93 million ...
By Staff reporter | Published: 03 July 2019
MOBILE communications company NetOne has partnered a youth leadership organisation, Elevate Trust, in training 75 local software developers in a programme that was launched by Google to train thousand...
By Staff reporter | Published: 03 July 2019
THE interbank exchange rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging their foreign currency. Government last week outlawed the use of mu...
By Staff reporter | Published: 03 July 2019
THE country's largest telecommunications firm, Econet Wireless Zimbabwe, believes that the country will conquer the immediate economic setbacks and attain a brighter future. Group chairman, Dr J...
By Staff reporter | Published: 03 July 2019
Zambia and Zimbabwe will start building the 2 400MW Batoka Gorge hydropower plant next year, a company jointly owned by the two governments said yesterday. The Batoka project involves construction of ...
By Reuters | Published: 03 July 2019
Eskom has confirmed that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account. Earlier on Tuesday, Fin24 reported that Zimbabwe Energy minister Fortune Chasi p...
By Staff reporter | Published: 02 July 2019
Low-cost African airline Fastjet Plc expects to be profitable on an underlying basis in 2019, Chief Executive Officer Nico Bezuidenhout said on Thursday, a year after a cash crunch nearly drove the ca...
By Staff reporter | Published: 02 July 2019
THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once thriving...
By newzimbabwe | Published: 02 July 2019
PRETORIA Portland Cement (PPC) says revenue at its Zimbabwean entity declined by 20%, compared to last year, due to a weaker cement market, clinker shortages and depreciation in the functional currenc...
By Staff reporter | Published: 02 July 2019
Zimbabwe sets deadline for company re-registration 
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 
Unifreight reports 231% revenue growth 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
