Latest News

LANDS & AGRICULTURE

Border Timbers shares finally settled on CSD

Border Timbers' shares were yesterday registered on the Central Securities Depository, becoming the last listed counter to do so, two years after the Zimbabwe Stock Exchange automated."Shareholders, c...

By Staff reporter | Published: 22 August 2017

POLITICS

EU extends support to Parliament

The European Union (EU) is prepared to continue providing financial and technical support to the Parliament of Zimbabwe, an envoy said on Monday.EU ambassador to Zimbabwe, Philippe Van Damme said this...

By Staff reporter | Published: 22 August 2017

BUSINESS NEWS

ZPI revenue declines in the interim period

Property concern ZIMRE Property Investments Limited (ZPI) reported revenue for the half year to June 30, 2017 declined 7 percent to $2,57 million on weakening rental revenues due to depressed demand f...

By Staff reporter | Published: 22 August 2017

MINING & RETAIL

Iron ore joins base metals price rally

After a string of down days, the Northern China import price of 62 percent Fe content ore bounced back on Thursday. According to data supplied by The Steel Index the steelmaking raw material jumped 5,...

By Frik Els | Published: 22 August 2017

EDUCATION

IIZ to set up insurance school

THE Insurance Institute of Zimbabwe is transforming into a fully-fledged training institution to cater for the dynamic needs of the industry with plans already underway to set up a school in Harare, I...

By Staff reporter | Published: 22 August 2017

TRANSPORT & TOURISM

Air Zimbabwe loses $2m monthly

State-owned Air Zimbabwe (AirZim) is reporting huge losses of $2 million every month as mismanagement, high operating costs, old equipment and aircraft that are no longer profitable to fly weigh on it...

By Staff reporter | Published: 22 August 2017

BUSINESS NEWS

Timber exports to grow 19%

Zimbabwe timber exports are expected to grow 19 percent this year despite most of the products being fairly expensive on regional markets. Zimbabwe is expected to earn $25 million in export revenue fr...

By Staff reporter | Published: 22 August 2017

BUSINESS NEWS

Savemari to partner property players

SAVEMARI - an online click and collect start-up which entered the Zimbabwean market early this month - is keen to assist local property development firms to tap into the diaspora market.This comes as ...

By Staff reporter | Published: 22 August 2017

FINANCIAL SERVICES

NMB launches new package

NMB Bank has launched a new package of financial services after unveiling the NMBLife range of products at the ongoing Harare Agricultural Show. This takes the group's progress, in terms of the bank's...

By Staff reporter | Published: 22 August 2017

CONSTRUCTION & PROPERTY

NBS doubles house production

MORTGAGE provider, the National Building Society has produced over 3 000 houses during the first half of 2017, an amount double the units produced by the whole industry in 2016.Last year, mortgage pro...

By Staff reporter | Published: 22 August 2017

BUSINESS NEWS

Pioneer Transport secures investor

Pioneer Transport, a former Unifreight subsidiary, has secured an investor, Lamcent Capital Pvt Ltd as it seeks to enhance its operations. The transport company last week commissioned 10 trucks as par...

By Staff reporter | Published: 22 August 2017

LANDS & AGRICULTURE

Zimbabwe misses tobacco target

Zimbabwe is set to miss its tobacco 200 million kilogrammes target after farmers delivered 186,3 million kg of the golden leaf on Day 105 compared to 200 million kg delivered in the same period last y...

By Staff reporter | Published: 22 August 2017

BUSINESS NEWS

Foreign payment delays hit bakers

Local banks are struggling to process about $16 million worth of foreign payments for local bakers, a situation that has affected local production, the National Bakers Association of Zimbabwe (NBAZ) h...

By Staff reporter | Published: 22 August 2017

ZSE TODAY

Market Commentary 22 August 2017

INDUSTRIALSThe Industrial Index extended its winning streak after adding 1.03 points (0.48%) to close at 215.09 points. The cement maker PPC (PPC.zw) went up by $0.0625 to trade at $0.7125, BRIRISH AM...

By zse | Published: 22 August 2017

BUSINESS NEWS

Turnall partners NBS

Turnall Holdings Limited says it is expecting the strategic partnership it entered into with the National Building Society (NBS) for construction of houses around the country to improve its revenue fo...

By Staff reporter | Published: 22 August 2017

FINANCIAL SERVICES

Econetlife launches burial societies promotion

EconetLife, a subsidiary of Econet Wireless Zimbabwe has launched the "Mabhodho Zvakare Promotion" which encourages communities to band together and consolidate their local bereavement support groups ...

By Staff reporter | Published: 22 August 2017

TRANSPORT & TOURISM

'India can help Zim collect foreign airline dues'

THE Airports Authority of India (AAI) says Zimbabwe could be losing millions in potential revenue through uncollected aeronautical revenue for use of its airspace, a senior official with India's ports...

By Staff reporter | Published: 22 August 2017

LATEST PUBLISHED REPORTS

ZPI.zw | Abridged Unaudited Results for the 6 Months Ended 30 June 2017

Financial Highlights:Revenue $ 2,566,837Operating profit $ 466,678Profit before tax $ 645,832Profit for the period $ 613,526Dividend per share 0.012 US centsTotal comprehensive income for the period $...

By ZPI | Published: 22 August 2017

FINANCIAL SERVICES

AfDB seeks water expert for ZimFund

The African Development Bank is in the process of recruiting a water supply and sanitation specialist to join the Zimbabwe Multi-donor Trust Fund (ZimFund) for a year.ZimFund is an AfDB-managed fundin...

By Staff reporter | Published: 21 August 2017

LANDS & AGRICULTURE

Zim exports $342m worth of tobacco

Zimbabwe has so far exported 79 million kilogrammes of tobacco, up from 61, 5 million kgs exported in the prior comparable period last year, statistics that the industry regulator released show.In its...

By Staff reporter | Published: 21 August 2017

POLITICS

Grace Mugabe assault case 'not over'

The mother of Gabriella Engels - the 20-year-old South African model who has accused Zimbabwe's First Lady Grace Mugabe of assaulting her - says their campaign for justice is not over, despite the fac...

By BBC | Published: 21 August 2017

FINANCIAL SERVICES

Arise becomes 2nd largest NMBZ shareholder

Arise, an investment company that was formed by a partnership between Norfund (a Norwegian investment fund), FMO (a Dutch development fund) and Rabobank (a Dutch commercial bank) has taken over 69.14...

By Agencies | Published: 21 August 2017

BUSINESS NEWS

Zim businessman heads Mandela family business

Controversial businessman Frank Buyanga has been appointed as chief executive of House of Mandela African Royal Mint (HoM-ARM) - a medallion and related products manufacturing company founded by the l...

By Staff reporter | Published: 21 August 2017

LATEST PUBLISHED REPORTS

OML.zw | Unaudited Financial Results HY17

Financial Highlights:– Total revenue £ 10 822 000 000– Total expenses £ (9 934 000 000)– Profit before tax £ 940 000 000– Profit from continuing operations after tax £ 656 000 000– Profi...

By OML | Published: 21 August 2017

POLITICS

Outrage expressed over Grace Mugabe immunity

Lawyers representing a young woman who has accused Zimbabwe's first lady, Grace Mugabe, of assaulting her in a Johannesburg hotel have expressed their outrage over reported plans by the South African ...

By Staff reporter | Published: 21 August 2017

Latest News

Latest Published Reports

Latest jobs