Government will, in the next few weeks, announce at least two more investors that are expected to deploy huge foreign capital in the country's platinum sector as scores of local and foreign investors ...
ONGOING efforts to turnaround the operations of Air Zimbabwe have received further boost following revelations that Government recently extended the dispensation for the national air carrier to import...
CORPORATE 24 Medical Aid has launched a new package meant for low-income earners called Ndine Plan.The medical aid package has three plans - Gold, Standard and Lite - which are meant for different seg...
AFRICAN Sun says it recorded a 110 percent increase in profit to $ 10,135 million during the year ended December 31, 2018 compared to $4,816 million achieved in prior period driven by both an increase...
At least 29.3 million kilograms of tobacco worth about 51.1 million U.S. dollars have been sold so far at auction and contract floors as the marketing season is moving slowly due to pricing concerns b...
STANDARD Chartered Bank Zimbabwe (Stanchart) has posted a 38% increase in profit-after-tax to US$18,36 million in the full year ended December 31, 2018, driven by the bank's digitisation strategy.The ...
AGRIBANK has availed a US$6 million facility to livestock farmers as part of efforts to boost livestock production across the country. The financial institution has said it is targeting beneficiaries ...
LEADING mobile network operator Econet Wireless is back at the Zimbabwe International Trade Fair (ZITF) this year showcasing its growing range of smart consumer and business products to an even wider ...
BEVERAGES producer, Delta Corporation, has recorded subdued volume performance for the quarter ended March 31, 2019 amid declining demand due to price increases. In a trading update for the period und...
Diversified financial services group, Old Mutual Zimbabwe, is set to construct a state-of-the-art regional hospital and an industrial park at Turf, Mhondoro-Ngezi, after getting 27 hectares from the l...
One of the four companies licenced to mine diamonds in Zimbabwe, Murowa Diamonds, has started exploration for gems in Sese communal lands in Chivi, where the firm has nearly 200 claims for the mineral...
Businesses in the insurance industry that fail or delay paying out claims of admitted liabilities under any policies risk having their operating licences cancelled as stipulated at law, according to t...
VAST Resources Plc (Vast) says it has now completed the sale of its 25 percent shareholding in Pickstone Peerless Gold Mine in Zimbabwe as it focuses on its new diamond concession at Chiadzwa.The Lond...
MANUFACTURING industries have expressed concern over the recent drop in aggregate demand saying this has a knock-on effect on production levels and investment by local companies.The captains of indust...
LISTED technology solutions firm, Cassava Smartech Zimbabwe, yesterday launched the Vaya logistics unit, an additional entity that deals with delivery trucks and van services under its Vaya division.T...
Zimbabwe's shrinking economy- compounded by skyrocketing inflation, the escalating cost of doing business and surging parallel foreign exchange rates is worsening the plight of commerce and industry i...
Zimbabwe will experience serious cooking oil shortages in the coming weeks as foreign currency shortages have affected the importation of crude oil, leaving oil expresses producing a fifth of the 9 mi...
Zimbabwe's gold exports receipts were down 17 percent to US$273.5m in the first quarter of the year due to low deliveries attributed to reduced foreign retention threshold. In the quarter 6.5 tonnes o...
A SECURITY guard at the Zimbabwe Consolidated Diamond Company (ZCDC) premises was arrested for stealing five pieces of the precious stone after he was sold out by the closed circuit television (CCTV)....
STEWARD Bank has partnered Chinese financial services firm, UnionPay International (UPI), to provide payment services for Zimbabweans travelling between the southern African country and Beijing."Basic...
THE Rural Electrification Agency (REA) has come up with a master plan for the electrification of rural areas guided by a geographic information system (GIS) to avoid wasting resources.The master plan ...
THE re-bundling of Zesa and merger of its five previously separate entities into a single integrated company will cut overhead costs and boost power generation efficiency, Vice President Constantino C...
FINANCE and Economic Development Minister, Professor Mthuli Ncube, says the wave of price increases being experienced on the market and the wild parallel market exchange rates have no economic justifi...
Zimbabwe intends to vigorously pursue local value addition of its lithium resources to maximise export earnings from the mineral, a Cabinet Minister has said. Lithium is used to make various items inc...
Zimbabwe Stock Exchange (ZSE) listed roofing and building materials manufacturer, Turnall Holding, intends to increase its product range to include production and supply of non-asbestos roofing materi...