RESERVE Bank of Zimbabwe governor, John Mangudya, has said Zimbabwe was unlikely to adopt the South African rand because this would create chaos and destabilise the economy.Zimbabwe adopted a multiple...
By Staff reporter | Published: 10 August 2017
ZIMBABWE'S largest financial services group by assets, CBZ Holdings (CBZ), has said it is negotiating with regional lenders for external loans at concessionary rates.The group's chief executive office...
By Staff reporter | Published: 10 August 2017
GOVERNMENT has awarded the tender for the $400 million recapitalisation of the National Railways of Zimbabwe (NRZ) to South Africa's Transnet, which is partnering a consortium of non-resident Zimbabwe...
By Staff reporter | Published: 10 August 2017
ZIMBABWE'S cash-strapped government has approved a $1 billion grant to a university to be built in honour of President Robert Mugabe, a Cabinet Minister disclosed yesterday.Jonathan Moyo, the Minister...
By Staff reporter | Published: 10 August 2017
INFORMATION Communication Technology Minister Supa Mandiwanzira has expressed disquiet over Econet Wireless' dominance of the country's mobile money payments system saying this exposed the country to ...
By Staff reporter | Published: 10 August 2017
MINISTER of Information, Communication and Technology and Courier Services, Supa Mandiwanzira, says Zimbabweans have lost trust in banks because of bank failures and cash shortages in the economy.Spea...
By Staff reporter | Published: 10 August 2017
Government has extended Shangani Energy Exploration and Zambezi methane gas exploitation. The special grant for Shangani Energy was extended by three years to 2020, while that of Zambezi Gas was exte...
By Staff reporter | Published: 10 August 2017
Former RBZ Governor and businessman Gideon Gono has acquired a majority shareholding in the Heritage School, one of the country's leading private schools. Through his Family Foundation, Gono now owns ...
By Staff reporter | Published: 10 August 2017
African Sun reported an improved operating performance showing a profit before tax of $24,886 compared to a loss of $1.2m for the comparable period. The performance was on the back of increased occupa...
By Ngoni Shenjere | Published: 10 August 2017
THE country's largest platinum miner, Zimplats says the redevelopment of its Bimha Mine remains on schedule and expects to be back to full production by April 2018. The platinum producer has announced...
By Staff reporter | Published: 10 August 2017
FAZAK Africa says it plans to venture into hardware business as a way of staying afloat in business to counter the prevailing economic challenges. The company's managing director Mr Zak Hawa told Busi...
By Staff reporter | Published: 10 August 2017
DIVERSIFIED Bulawayo-based manufacturer, Arenel, says it will soon be producing syrups. Managing director, Mr Joshua Lepac said the production of six flavours of syrups was expected to start this mont...
By Staff reporter | Published: 10 August 2017
Former South African Reserve Bank governor Tito Mboweni has been removed from the board of directors of the New Development Bank - commonly known as the Brics bank - after two years. According to the ...
By Staff reporter | Published: 10 August 2017
ZIMBABWE National Roads Administration (Zinara), through ZB Bank, is floating a $60 million bond to spruce up the country's road network, half of which was recently damaged by rains, ZB Financial Hold...
By Staff reporter | Published: 10 August 2017
Industry and Commerce Minister Dr Mike Bimha will this month attend a high level Southern African Development Community (Sadc) Committee of Ministers of Trade meeting in South Africa.The meeting is ex...
By Staff reporter | Published: 10 August 2017
ZIMBABWE could be losing at least $240 million annually to fuel fraud while globally at least $40 billion is lost to smuggling activities associated with subsidies, tax and price differentials worldwi...
By Staff reporter | Published: 10 August 2017
GOVERNMENT will raid shops selling unlicensed imported products, as part of sophisticated measures targeting dealers fuelling the demand for contraband, to curtail smuggling and pluck leakages prejudi...
By Staff reporter | Published: 10 August 2017
The State Procurement Board (SPB) has awarded a $400 million tender for the revival of the National Railways of Zimbabwe (NRZ) to a consortium comprising Transnet and the Diaspora Infrastructure Devel...
By Staff reporter | Published: 10 August 2017
INDUSTRIALSThe Industrial Index gained a further 1.03 points (0.49%) to close at 209.93 points as heavyweight counters gained ground. HIPPO (HIPO.zw) put on $0.0300 to end at $0.9425, CFI (CFI.zw) adv...
By zse | Published: 09 August 2017
The Reserve Bank of Zimbabwe has negotiated for an enhanced nostro stabilisation facility of $600m from Afreximbank to manage the cyclical nature of Zimbabwe's foreign exchange receipts.Economic exper...
By Staff reporter | Published: 09 August 2017
Zimbabwe's imports rose by 4 percent from $2,07 billion recorded during the first five months of 2016 to US$2,14 billion during the same period in 2017.The main imports are motor vehicles and m...
By Staff reporter | Published: 09 August 2017
ILLEGAL foreign currency traders - popularly known as osiphatheleni - are flourishing in Bulawayo, as desperate Zimbabweans flock to them in attempts to access cash.While police descend on the money d...
By Staff reporter | Published: 09 August 2017
WRANGLING over chrome mining claims by artisanal miners in the Midlands Province is continuing unabated, with the Zimbabwe Small Miners Confederation (ZSMC) now threatening to appeal to President Robe...
By Staff reporter | Published: 09 August 2017
AFTER announcing in May that they will be setting up a movie house in Bulawayo, Ster Kinekor are now searching for workers that will man the stations when the movie house opens in the city next month....
By social media | Published: 09 August 2017
The KFC Employment Saga with Affirmative Action Group Regional President Mr Reginald Shoko and Ibhetshu Likazulu Secretary Mr Mbuso Fuzwayo....
By Staff reporter | Published: 09 August 2017
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
