FINANCIAL SERVICES

Money Supply (M3) rises to $17.1 billion in July 2019

The Reserve Bank of Zimbabwe released its monthly economic review documents for July 2019. The publication gives a general overview of a wide range economic statistics. The monetary statistics are a k...

By Staff reporter | Published: 18 October 2019

TRANSPORT & TOURISM

Zimbabwe's travel, tourism business levels drops in first 9 months

Zimbabwe's travel and tourism sector business levels in the first 9 months to September recorded a 5% and 10% drop respectively when compared to the same period last year, with industry officials attr...

By Staff reporter | Published: 18 October 2019

TRANSPORT & TOURISM

Zimbabwe still to get Embraer operating manual

GOVERNMENT has engaged Embraer over delays in releasing crucial operating manuals for its Embraer ERJ145, six months after taking delivery of the aircraft from the manufacturer, the Zimbabwe Independe...

By Staff reporter | Published: 18 October 2019

FINANCIAL SERVICES

'Banks should focus on savings deposits'

RESERVE Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has urged banks to focus on savings deposits in order to enhance financial support to the productive sectors.Productive sectors of agricu...

By Staff reporter | Published: 18 October 2019

TRANSPORT & TOURISM

Air Zimbabwe using antiquated software

AIR Zimbabwe (AirZim) is using sub-standard business and aviation software instead of recommended enterprise tools owing to the airline's failure to pay service providers, the Zimbabwe Independent can...

By Staff reporter | Published: 18 October 2019

TELECOMS & TECHNOLOGY

Zimbabwe telecoms industry courts Indian investors

Zimbabwe's telecommunications industry is on the verge of obtaining tangible investments from India following a platform the industry had to outline possible lucrative opportunities for business ventu...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Zimbabwe govt starts pilot run for new accounting system

The government has started a pilot run of the new accounting system for its entities as it moves to professionalise the public sector, Business Times can report.Zimbabwe has adopted the International ...

By Staff reporter | Published: 18 October 2019

MINING & RETAIL

ZIMRA delays Prospect's bid to increase stake in Arcadia

Prospect Resources says a Zimbabwe Revenue Authority (ZIMRA) clearance certificate is the only remaining consent required to complete the transaction of increasing its stake in Arcadia Lithium Project...

By Staff reporter | Published: 17 October 2019

TELECOMS & TECHNOLOGY

Telecel Zimbabwe shares saga rages on

THE battle for shares in Telecel Zimbabwe (Private) Limited between a war veterans organisation Magamba Echimurenga Housing Trust and businessman James Makamba and nine other entities, has been set do...

By Staff reporter | Published: 17 October 2019

TELECOMS & TECHNOLOGY

Zimbabwe govt moves to close digital gap

ZIMBABWE is making strides to close the digital divide between the country and the developed world by providing Internet access to marginalised areas, an official has said. Postal and Telecommunicatio...

By Staff reporter | Published: 17 October 2019

TELECOMS & TECHNOLOGY

Bulawayo man loses $42k through card cloning

A MAN from Bulawayo lost ZW$42 000 when his bank account was wiped clean in a case of suspected card cloning. Cloning refers to criminal duplication of one's Automated Teller Machine (ATM) cards which...

By Staff reporter | Published: 17 October 2019

INDUSTRIALS & ENERGY

Hwange 7 & 8 expansion 21% complete

The Hwange Thermal Power Station expansion project is now 21 percent complete, with the first unit set to be commissioned by the end of the first quarter next year. This was said by Finance and Econom...

By Staff reporter | Published: 17 October 2019

TRANSPORT & TOURISM

Mixed feelings over 'Zupco kombis'

Government's move to open the Zimbabwe United Passenger Company (Zupco) franchise to more private commuter operators has met with mixed feelings, with some viewing the initiative as positive and scept...

By Staff reporter | Published: 14 October 2019

TELECOMS & TECHNOLOGY

Econet continues to lead Zimbabwe mobile telco space

THE mobile telecoms industry continued to register subscriptions growth despite the challenges the industry and the entire economy face, underlining the importance of communication.The total number of...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

High Court orders mine to cease operations

The High Court has ordered Gwanda-based mining concern, Imani Mine, to cease operations with immediate effect after failing to follow proper mining procedures.The order was issued by Justice Jester He...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Colliery bounces back to profitability

HWANGE Colliery Company Limited (HCCL) is on the rebound after posting a profit of $3,5 million in the first half of 2019, recovering from a loss of $23 million recorded in 2018.The troubled firm had ...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

PPC boss steps down

Cement company PPC and its chief financial officer have "mutually agreed to separate", the company announced yesterday.PPC is listed on both the Johannesburg Stock Exchange and the Zimbabwe Stock Exch...

By Staff reporter | Published: 11 October 2019

TELECOMS & TECHNOLOGY

Govt to unveil electronic fuel monitoring

The government is fast pushing for the introduction of electronic monitoring devices for the petroleum industry as part of measures to reduce arbitrage opportunities in the fuel sector, Energy and Pow...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Mnangagwa to launch ambitious US$$12bn mining roadmap next week

PRESIDENT Emmerson Mnangagwa is set to officially launch a roadmap towards achieving an ambitious US$$12bn mining industry in the next four years as government moves to get more value from the capital...

By Staff reporter | Published: 11 October 2019

FINANCIAL SERVICES

New Bill to revamp pensions funds set to be gazetted soon

THE upcoming Pensions and Provident Fund Bill will allow pension funds to invest up to 20% of their assets in offshore markets, but the regulator says this is subject to the fulfilment of local obliga...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Granite miners face threat of closure

GRANITE producers are making frantic efforts to avoid a ban on exports to save their operations and jobs in the sector, businessdigest has learnt.President Emmerson Mnangagwa has tasked Industry minis...

By Staff reporter | Published: 11 October 2019

TRANSPORT & TOURISM

Mnangagwa reins in Matiza over NRZ

PRESIDENT Emmerson Mnangagwa this week moved to rein in Transport minister Joel Biggie Matiza over his bid to scuttle the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project by...

By Staff reporter | Published: 11 October 2019

TRANSPORT & TOURISM

Air Zimbabwe failing to attract an investor

INSOLVENT flag carrier Air Zimbabwe is failing to attract an investor, 11 months after government invited bids from potential suitors to take over the embattled entity, the Zimbabwe Independent can re...

By Staff reporter | Published: 11 October 2019

TELECOMS & TECHNOLOGY

Econet subscribers complain about nuisance texts

Econet subscribers have criticised the mobile firm for unsolicited messages advertising its Sasai App.  Sasai is a chat and payments application regarded as a challenge to the dominance of WhatsA...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Simbisa Brands shifts focus to growing regional operations

Simbisa Brands invested ZWL$18.4 million in the year ended June 30, 19 on expansion and maintenance of its existing counters to a best-in-class standard as it forges ahead to consolidate its share of ...

By Staff reporter | Published: 10 October 2019
Pages:
1
2
3
4
5
6
7
8
9
...

Editor's Pick

Announcements

Latest News

Latest Published Reports

Latest jobs