FINANCIAL SERVICES

'Zimbabwe banks ripping-off clients'

Employees in the financial and banking sector under the Zimbabwe Banks and Allied Workers Union (Zibawu) have accused banks of ripping-off clients while paying them slave wages.The workers, in a lett...

LANDS & AGRICULTURE

Seed Co takes farmers to global expo

Local seed company Seed Co's thought leadership initiatives recently saw 30 farmers being flown to South Africa to join about 80 000 agriculture stakeholders across the globe at the Nampo Park Exhibi...

FINANCIAL SERVICES

Govt urged to set up financial intelligence unit

THE Government should establish an independent financial intelligence unit, outside the Reserve Bank of Zimbabwe, to guarantee its effectiveness under the Money Laundering and Proceeds of Crime Act....

MINING & RETAIL

JR Goddard opens up on lithium contract

BULAWAYO businessman Mr Jim Ross Goddard says his company will deliver the best service and render investment value after it won an earth-moving contract running into millions of dollars from Prospect...

LANDS & AGRICULTURE

Irvine's restocking almost complete

ZIMBABWE's biggest chicken breeder - Irvine's is now supplying 80 percent of the total requirements for day-old chicks.The company anticipates to meet full demand by September as it continues on its ...

FINANCIAL SERVICES

RBZ can't account for bond notes in circulation

Reserve Bank of Zimbabwe (RBZ) deputy governor, Dr Jesimeni Chipika has said the central bank can no longer account for the bond notes and coins that are in circulation due to massive hoarding of the...

INDUSTRIALS & ENERGY

Zim gets $1bn Chinese loan

Zimbabwe has concluded a $1.4bn agreement with the Export-Import Bank of China (Exim Bank) to expand power generation and help alleviate the country's perennial electricity shortages.According to a s...

MINING & RETAIL

Shingi Munyeza's franchise businesses crumble

Business Shingi Munyeza seems to have failed to grow the businesses he acquired several years ago as he is reportedly set to dispose the franchises.Munyeza started by scaling down operations at some ...

FINANCIAL SERVICES

Women's bank finally licensed

Zimbabwe's Women's Microfinance Bank Limited which had missed several proposed launch deadlines has finally been licensed to conduct deposit-making microfinance business with effect from May 29.The b...

TELECOMS & TECHNOLOGY

TelOne engages communities on vandalism

Integrated telecommunications company, TelOne, has embarked on an "Anti-vandalism" community outreach after vandalism had threatened an upgrade of Zimbabwe's main communication system and exchanges i...

TRANSPORT & TOURISM

NRZ records 50% surge in passengers

THE National Railways of Zimbabwe (NRZ) has recorded a 50% increase in the number of passengers using its trains following the deployment of new coaches early this year, an official has claimed.Early...

TRANSPORT & TOURISM

Bulawayo's Churchill hotel relaunched

Regional hospitality group Cresta Hotels has re-launched its Cresta Churchill hotel in Bulawayo after completing a $700 000 refurbishment that was focused principally on its accommodation offering, b...

TRANSPORT & TOURISM

NRZ pushing miners out of business

THE National Railways of Zimbabwe (NRZ) is levying close to US$0,10 to move a tonne of freight per kilometre, nearly 300% more than other competing rail operators in the region, a key coal-mining comp...

FINANCIAL SERVICES

Brighter days for First Mutual properties

First Mutual Properties occupancy levels are seen closing the year at 78% from the current levels buoyed by its office park in Harare's Arundel Park and industrial units as the firm banks on its diver...

MINING & RETAIL

Hwange Colliery strike ends

Hwange Colliery Company Limited (HCCL) has finally climbed down from its hardline position to end a nearly 120-day long protest by wives of employees who were owed thousands of United States dollars i...

NMB Bank partners World Remit, Small World

NMB Bank has partnered with global money transfer agents World Remit and Small World Financial Services to provide further options for Zimbabweans wanting to receive money from other countries.The ban...

MINING & RETAIL

SPAR Kwekwe is open for business

"We are delighted to announce the official opening of SPAR Kwekwe," Moses Chihuri of SPAR Zimbabwe said this week."As we welcome the newest member of the family, we at SPAR Zimbabwe are excited and po...

TELECOMS & TECHNOLOGY

Kwese Play comes to Zimbabwe

ECONET Media on Wednesday launched a new product on the local market, Kwese Play, a Roku powered streaming box device with over 200 streaming channels in partnership with ZOL and Econet after it was f...

BUSINESS NEWS

Employees sue Simms over $122 194 salary arrears

TWELVE employees at Simms Electrical Company in Bulawayo have taken their employer to court demanding payment of $122 194 owed in outstanding salaries after they recently obtained an arbitration award...

CONSTRUCTION & PROPERTY

CBZ renews hope in Vic Falls housing scheme

CBZ Bank has assured beneficiaries of its housing scheme in Victoria Falls that they will not lose out after it emerged that some of the residential stands had been double-allocated by the council.In ...

FINANCIAL SERVICES

Steward Bank recorded 176 000 new customers

STEWARD Bank recorded 176 000 new customers, which helped grow its profit after tax by 268,4% to $22,45 million for the financial year ending February 28, 2018.This was from a previous of $6,15 millio...

MINING & RETAIL

Arcturus mine to increase production output

ARCTURUS Mine is working towards increasing production to 15 000 tonnes of gold ore per month through expanding its current operations under its medium term plan, an official has said.Arcturus Mine ow...

FINANCIAL SERVICES

IDBZ acquires 100 hectares for housing

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has concluded the acquisition of 100 hectares of land across the Masvingo-Beitbridge highway for the development of housing projects.Last year, t...

FINANCIAL SERVICES

Man arrested over fake vehicle insurance scam

A former employee of Regal Insurance company is in hot soup after he allegedly fleeced 16 motorists of nearly $1 000 by selling them fake passenger vehicle insurance policies. Munyaradzi Mhlanga (24) ...

MINING & RETAIL

ZCDC, ZMDC get new board members

Government appointed new board members for the Zimbabwe Consolidated Diamond Company (ZCDC) and the Zimbabwe Mining Development Company (ZMDC) yesterday. Mines and Mining Development Minister Winston ...