LANDS & AGRICULTURE

Seed Co profit jumps 5%

Zimbabwe Stock Exchange (ZSE) listed seed producer, Seed Co, after tax profit for the year to March 31, 2018 surged 5 percent to $21,4 million despite the group being afflicted by a number of adverse ...

By Staff reporter | Published: 06 June 2018

FINANCIAL SERVICES

'Adapt technology to solve African problems'

"It is important for us as Africans to understand the challenges we face and find ways of using technology to solve them," NMB Bank chief operating officer Gerald Gore told participants in the Enactus...

By Staff reporter | Published: 05 June 2018

TELECOMS & TECHNOLOGY

Cassava, Comviva win the Com Award 2018

Cassava Fintech and Comviva have jointly won the East Africa Com Award in "Fintech Innovation Award" category for EcoCash Merchant Payments powered by mobiquity® Money. The award was presented recent...

By Agencies | Published: 05 June 2018

BUSINESS NEWS

Zimbabwe's first agricultural investment platform

UK based Mitah Group Ltd owned by Zimbabwean born entrepreneur Mr Michael Matope launches www.Farmvest.biz . Farmvest.biz - is Zimbabwe's first Agricultural investment Platform, it aims revolutionize ...

By Agencies | Published: 05 June 2018

MINING & RETAIL

Hwange gets $1.4bn for expansion

Zimbabwe has closed a $1.4 billion funding project for a 600MW coal fired expansion project at Hwange, drawing on financing from China and other partnership with Standard Bank and Utho Capital among o...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

IMF team expected in Zimbabwe

An International Monetary Fund (IMF) team is expected in Zimbabwe during the second half of the year to assess economic performance and re-engage Zimbabwe on macro-economic turnaround policies.The Bre...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

NMB Bank opens sub-branches

The sub-branch that NMB Bank opened recently in Bindura is one of a number of sub-branches the bank intends to open in various cities and towns around the country to provide banking, advisory and supp...

By Agencies | Published: 05 June 2018

INDUSTRIALS & ENERGY

Renault targets Zimbabwe with all new 'climber'

Renault, one of the fastest growing automotive brands, created history with its Renault KWID. This attractive, innovative and affordable car, is a true game-changer and volume driver for Renault.Stayi...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

Golix looks outside Zim to stay alive

ZIMBABWE'S cryptocurrency exchange, Golix, has turned to Kenya, South Africa and Uganda to continue trading its cryptocurrencies as it continues to battle for survival following a ban on its local ope...

By Staff reporter | Published: 05 June 2018

MINING & RETAIL

Diamonds boss admits Marange diamond looting

ZIMBABWE Consolidation Diamond Company (ZCDC)'s chief executive officer, Morris Mpofu, has claimed that some of his subordinates were working in cahoots with illegal diamond miners to steal the gems ...

By Staff reporter | Published: 05 June 2018

MINING & RETAIL

Edgars to resume exports

GIANT clothing manufacturer and retailer, Edgars Group, says it will soon resume garments and clothing exports into the region.In an interview after the ZimTrade/Zimra stakeholder engagement seminar h...

By Staff reporter | Published: 05 June 2018

CONSTRUCTION & PROPERTY

NRZ property revenue rises

THE National Railways of Zimbabwe (NRZ) is working on increasing its revenue streams by expanding its property portfolio, whose revenues soared to $5,67 million last year from $3,3 million in the prio...

By Staff reporter | Published: 05 June 2018

CONSTRUCTION & PROPERTY

Demand for residential properties grows

Listed property firm Mashonaland Holdings Limited says it has made progress on the development of two residential projects in Ruwa and Harare during the six months to March 31, 2018, as it taps into t...

By Staff reporter | Published: 05 June 2018

LANDS & AGRICULTURE

Command Poultry excites Chegutu farmers

About 500 farmers in Chegutu District have volunteered to participate in the Government's Command Poultry programme.The programme is part of the Command Livestock initiative being rolled out by Govern...

By Staff reporter | Published: 05 June 2018

TELECOMS & TECHNOLOGY

Zimbabwe pushes for increased spectrum in ICT

Zimbabwe is pushing for additional spectrum to support growth for its broadcast and information communication technology (ICT) industry, permanent secretary in the Ministry of Information Communicatio...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

Time Bank fights land grab

TIME Bank shareholders have filed an urgent chamber application at the High Court seeking suspension of earlier court judgments in a case which went in favour of a party claiming to have been allocate...

By Staff reporter | Published: 05 June 2018

TELECOMS & TECHNOLOGY

Smart technologies will drive Africa's electrical expansion

The use of advanced metering technologies is steadily on the rise in Africa, but, to evolve the business models of the electrical utilities operating on the continent, utilities still need to harness ...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

FinTechs are filling the gaps in SA's banking industry

The South African government has committed to an aggressive program of economic reform to reignite its stalled economy. President Cyril Ramaphosa's new deal for banks and corporates offers renewed dyn...

By Agencies | Published: 04 June 2018

TELECOMS & TECHNOLOGY

Kwese TV creates 2 500 jobs in Zimbabwe

Kwese TV, a unit of Econet Media, has created 2 500 jobs in Zimbabwe since it was launched in October last year.The satellite and broadcasting TV network, which is currently offering flexible packages...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

Ecobank named Africa's best and most innovative

PAN-African banking group, Ecobank, has won two major awards at the recent African Banker's prestigious ceremony held in Busan, South Korea.The bank has been named 'best retail bank in Africa' after ...

By Staff reporter | Published: 04 June 2018

INDUSTRIALS & ENERGY

Simbisa to open more outlets in Kwekwe

FAST food chain, Simbisa Brands is set to open two outlets in Kwekwe in the next two months as it spreads its wings to maintain market dominance on the local market.Simbisa already operates Nando's, C...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

Barclays Zim to operate under dual brand by October

BARCLAYS Bank of Zimbabwe says it will be operating under a dual brand by October this year following its acquisition by FMB Malawi last year.Last October, FMB received regulatory approvals to acquire...

By The Source | Published: 04 June 2018

FINANCIAL SERVICES

Steward Bank profit before tax rises 133%

STEWARD Bank has recorded profit before tax of $32,7 million for the full year ended February 28, 2018, a 133 percent jump from last year's $8,4 million.In statement accompanying the bank's financial ...

By Staff reporter | Published: 04 June 2018

TELECOMS & TECHNOLOGY

Econet reports $831m topline revenue

ECONET Wireless Zimbabwe has reported impressive $831,6 million top line revenue for the full year ended 28 February 2018, a 34 percent increase from the $621,7 million reported in the prior year.Buoy...

By Staff reporter | Published: 04 June 2018

TELECOMS & TECHNOLOGY

Potraz rakes in over $120 million

THE Postal and Telecommunications Regulatory Authority of Zimbabwe has collected over $120 million since the introduction of the multi-currency system in 2009 under the Universal Services Fund (USF), ...

By Staff reporter | Published: 04 June 2018
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