A New Zealand based investor, Worldwide Capital Corp, plans to invest over $2,2 billion in establishing and financing operations of a new commercial bank in Zimbabwe, according to documents seen by Bu...
THREE former TM Supermarket line managers have filed leave to appeal to the Constitutional Court challenging a Supreme Court ruling which set aside an arbitration ruling which was in their favour.Itay...
A BULAWAYO firm Loxdale Investments (Private) Limited has taken Harare-based property developer, Rilbro Property and Development (Pvt) Limited and CBZ Bank to court over a botched land deal.In summons...
Tobacco sales breezed past 200 million kg on Tuesday, earning $583 million owing to the introduction of export incentives and improved agronomic practices last year, an official has said.During the co...
Th e Minister has also urged regional power utilities to collaborate and complement each other in power generation and minimise dependence on the outside world.He said energy plays a pivotal role henc...
THE Zimbabwe Asset Management Company has since its establishment absorbed $1 billion Non-Performing Loans (NPLs) at banks for various companies to help the businesses turnaround.In 2014, the Reserve ...
PRESIDENT Emmerson Mnangagwa will hand over 2 000 head of cattle to Matabeleland farmers in Gwanda today to help resuscitate the country's beef industry under the Command Livestock Programme.Addressin...
TOURIST arrivals in Victoria Falls have increased by 50 percent this year with hotels in the prime resort destination recording 100 percent bookings as more visitors flock into Zimbabwe under the new ...
THE Industrial Development Corporation of Zimbabwe Limited (IDCZ) has finalised the appointment of a financial advisor to handle the dilution of its shareholding in chemicals and fertilisers subsidiar...
ZIMBABWE has re-introduced the mandatory blending of petrol to the levels of E20 (a mixture of 80 percent petrol and 20 percent anhydrous ethanol) on the back of fuel price increases.With effect from ...
PARLIAMENT has recommended that it would be cheaper to build a new lithium processing plant in Zimbabwe than refurbishing an existing refinery in Kadoma.This follows an offer by a local firm to reconf...
RESUMPTION of underground mining operations at Hwange Colliery Company Limited (HCCL) has been affected by the foreign currency shortages crippling the country, a report by Parliament has indicated.In...
SOUTH African cement producer PPC says Zimbabwe's political landscape has improved with the cement maker eyeing positive growth after the July 30 general elections.This week PPC group chief financial ...
AN African financial services institution Ecobank Transnational Incorporation says it is playing a crucial role to stave off fuel and cooking oil shortages in Zimbabwe.The southern African country is ...
PEPSICO'S largest franchise bottler, Varun Beverages, says it is moving to set up an $8 million potato chips business in Zimbabwe next year, as the group expands its local footprint.RJ Corporation cha...
LISTED diversified media group Zimpapers registered revenue growth for the first five months of the year on the back of positive performance across all its divisions.Zimpapers chief executive Pikirayi...
MTN increased its coverage and improved the customer experience on its network between January and May 2018, according to chief technology and information officer Giovanni Chiarelli.Speaking during an...
Government yesterday slashed unstructured supplementary service data (USSD) charges by more than half to 5 cents per session effective July 1, as it moves to accelerate the use of e-payments.USSD is a...
THE last few months have seen an upsurge in cases of electronic credit card fraud involving use of cloned ATM cards, as more Zimbabweans have embraced the use of plastic money due to cash shortages.Po...
Gone are the days when you imagined that cyber security is something that you hear about in the news! Locals have started engaging this new and fierce foe in an aggressive way. Loerie, a Harare-based ...
MOBILE operator Telecel Zimbabwe has announced on-net voice bundles that will see subscribers getting up to 2 500 minutes talk-time coupled with longer validity periods of up to one month.In a stateme...
TELONE managing director, Chipo Mtasa says the need for data networks such as the 'big data' concept is now mission-critical for almost all organisations.Speaking at a data seminar in Harare recently,...
FOUR Zesa employees in Bulawayo escaped death by a whisker yesterday when a circuit breaker they were working on caught fire and severely burnt them.The accident happened along a sanitary lane between...
SHIPPING agents at Beitbridge Border Post yesterday said they had observed a sharp increase in bulk fuel imports from South Africa, as the country moves to restore normal supplies following last week'...
ZIMBABWE'S gold output for the month of May increased by 17% to 3,4 tonnes compared to the previous month figures with small-scale miners maintaining their production dominance over primary producers,...