Great Dyke Investments (GDI) says it will invest $400 million to build a precious metals mine and smelter at its Darwendale Project near Harare. The investment is the first stage of a total investment...
By Staff reporter | Published: 21 March 2018
Parliament yesterday heard how heavily armed police officers numbering about 200, in mafia style, stormed the Mbada Diamond fields in Marange and looted gems worth millions of dollars before they brok...
By Staff reporter | Published: 20 March 2018
The total number of active mobile subscription increased by 2,1 percent to 14 092 104 million for the year to December 31, 2017 from 13 799 648 million recorded during the previous quarter, according ...
By Staff reporter | Published: 20 March 2018
Judicial manager for Harare's popular joint - Hotel Elizabeth - Shepherd Nhondova has called for a second creditors' meeting scheduled for March 28 as the process to place it under judicial management...
By Staff reporter | Published: 20 March 2018
CHINA Export and Import Bank (China EximBank) will next month avail the first drawdown of the $1.1 billion funding required to kick start work on the Hwange Thermal Power Station extension project.The...
By Staff reporter | Published: 20 March 2018
A NEW 30-room hotel will open its doors in Bulawayo soon and is set to create 40 direct jobs.Players in the tourism sector and city business persons on Saturday conducted a pre-opening tour of Derby H...
By Staff reporter | Published: 20 March 2018
Nedbank Zimbabwe will pursue more cashless options such as internet banking and increasing point-of-sale (POS) machines, in an effort to reduce the demand for physical cash, an executive said yesterda...
By Staff reporter | Published: 20 March 2018
Zimbabwe's second largest mobile operator by subscribers NetOne grew its data market share by 6,5 percent in the last quarter of 2017, the latest Postal and Telecommunications Regulatory Authority (Po...
By Staff reporter | Published: 20 March 2018
Nedbank Zimbabwe, a unit of South Africa's Nedbank group will not be venturing into housing development like other local financial institutions but will rather focus on providing financial instruments...
By Staff reporter | Published: 20 March 2018
Mashonaland Tobacco Company (MTC) has invested $6 million in a new warehouse, following the inferno that gutted the old one in 2015.The tobacco processor and exporter's warehouse caught fire in 2015 d...
By Staff reporter | Published: 20 March 2018
Nedbank Zimbabwe, a unit of South Africa's Nedbank Group, says it will be at the forefront of securing lines of credit for private sector funding as the financial institution seeks to play a leading r...
By Staff reporter | Published: 20 March 2018
Nedbank Zimbabwe, formerly MBCA, has warned customers of possible system failures during the rebranding exercise. Speaking at press statement held in the capital on Monday, the bank’s managing direc...
By Staff reporter | Published: 19 March 2018
Insurance and pension industry players did not keep consistent and reliable asset values during the pre-dollarisation period, resulting in ordinary Zimbabweans failing to assess risks and ultimately i...
By Staff reporter | Published: 19 March 2018
A unit of the Zimbabwe Stock Exchange (ZSE) listed Dairibord Holdings Limited (DHL) has issued a statement assuring its stakeholders that its products are safe for human consumption.This follows the o...
By Staff reporter | Published: 19 March 2018
NATIONAL Foods Limited will within the next six months dispose of properties valued at $3.7 million that are non-core to the business comprising buildings and land.Board chair, Mr Todd Moyo, said this...
By Staff reporter | Published: 19 March 2018
ZIMBABWE'S largest financial group, CBZ Holdings posted a 16.8 percent growth in profit after tax to $27.8 million in the full year ended December 31, 2017 compared to $23.8 million achieved in 2016.T...
By Staff reporter | Published: 19 March 2018
ZIMBABWE is set to quadruple coal production by next year following investments that have been secured in that sector, a Cabinet Minister has said.Speaking to investors at a mining conference in Londo...
By Staff reporter | Published: 19 March 2018
CBZ Holdings, Zimbabwe's biggest banking group (by assets and deposits) plans to expand its small to medium enterprise loan book by $10 million to stimulate growth in the sector, as profits rose 17 pe...
By Staff reporter | Published: 19 March 2018
INDIAN soft drinks manufacturer, Varun Beverages, has started manufacturing operations in the country, but says the cost of setting up its plant might spiral from the initial budget of $30 million to ...
By Staff reporter | Published: 19 March 2018
Milk processor, Dairibord Holdings Limited, will make a decision on the fate of its Malawi division in the next six months after the unit continued on a perennial loss making path.Finance director Mer...
By Staff reporter | Published: 19 March 2018
OVER 300 000 CABS depositors will struggle to access their funds, as cash in building society's coffers significantly dropped to $2,09 million in the full year ending December 31, 2017 from the compar...
By Staff reporter | Published: 19 March 2018
CBZ Holdings will focus on supporting the key productive sectors of the economy such as agriculture and mining as the country's biggest banking group expands its reach."Going forward, we will continue...
By Staff reporter | Published: 18 March 2018
ZVISHAVANE-BASED platinum miner, Mimosa, has been forced to increase its production and push volumes as its sales are being affected by the depleting grade of its mineral as well as plummeting platinu...
By Staff reporter | Published: 18 March 2018
THE prevailing foreign currency shortage in the country is threatening to hamper leading textile company, Archer Clothing Manufacturers' growing business prospects.Archer Clothing Manufacturers is one...
By Staff reporter | Published: 18 March 2018
LISTED Dairibord Holdings Limited (DHL) does not see an immediate respite to foreign currency shortages and will remain cautious in its business operations due to uncertainty evoked by upcoming electi...
By Staff reporter | Published: 16 March 2018
Mnangagwa's term extension calls amplified 
'ANC of Ramaphosa on the verge of collapse' 
Goodyear shutters multiple global plants 
ZSE pushes for another equities tax cut to boost selloffs 
Zimbabwe's forex receipts jump 23% 
Murray & Roberts shutting down after 120 years 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
