Latest News

TRANSPORT & TOURISM

Land Rover Discovery hits Zimbabwean market

The latest Land Rover Discovery unveiled in Harare last week is a vehicle which over the last four generations has given a new meaning to adventure. Premier Auto Services, a local Land Rover dealer as...

By Staff reporter | Published: 07 July 2017

BUSINESS NEWS

Zimbabwe to develop 5-year Diaspora remittances plan

GOVERNMENT seeks to develop a five-year Diaspora plan aimed at promoting remittances in line with the diaspora policy adopted last year.Secretary for Economic Planning and Investment Promotion Judith ...

By Staff reporter | Published: 07 July 2017

MINING & RETAIL

Nkosana Moyo resigns from Impala Platinum board

Former Industry and International Trade minister Nkosana Moyo has resigned from South Africa's Impala Platinum, the world's second largest platinum producer and Zimplats' parent company, as an indepen...

By Ndou Paul | Published: 07 July 2017

ZSE TODAY

Market Commentary

INDUSTRIALSThe Industrial Index was marginally up by 0.03 points (0.02%) to close at 197.93 points on the back of subdued trading activity. Three counters went up; OLD MUTUAL (OML.zw) gained $0.0100 t...

By ZSE | Published: 07 July 2017

TELECOMS & TECHNOLOGY

Econet to end roaming charges

Econet Wireless Zimbabwe has moved to effectively remove roaming charges through Econet Plus, a new product that allows Econet customers to make calls from anywhere in the world at local call charges....

By Staff reporter | Published: 06 July 2017

POLITICS

Zimbabwe not a war zone, Mzembi tells ZRP

Tourism and Hospitality Industry Minister Dr Walter Mzembi yesterday expressed frustration over the continued existence of numerous police roadblocks on the country's highways, saying Zimbabwe was not...

By Staff reporter | Published: 06 July 2017

MINING & RETAIL

Zimbabwean appointed new Kumba CEO

Kumba Iron Ore Limited today announced the appointment of Mr Bothwell Mazarura as Chief Financial Officer and Executive Director, effective 1 September 2017.Bothwell holds a Bachelor of Accounting Sci...

By Staff reporter | Published: 06 July 2017

INDUSTRIALS & ENERGY

Mutare Bottling retrenches

Beverages manufacturer Mutare Bottling Company (MBC) has retrenched 61 employees.Managing director Allen Lang said MBC was cutting back on staff at the main plant and at its Rusape depot as it stream...

By Staff reporter | Published: 06 July 2017

ZSE TODAY

Market Commentary

INDUSTRIALSThe Industrial Index continued strengthening by adding 0.26 points (0.13%) to close at 197.90 points. AXIA (AXIA.zw) increased by $0.0096 to trade $0.1096, AFRICAN SUN (ASUN.zw) gained $0.0...

By ZSE | Published: 06 July 2017

INDUSTRIALS & ENERGY

starafrica in positive outlook

THE Joe Mutizwa-led board of starafricacorporation (starafrica) appears to be finally turning the corner in its quest to transform the fortunes of the beleaguered business, which has reported signific...

By Staff reporter | Published: 06 July 2017

INDUSTRIALS & ENERGY

Simbisa in expansion drive

SIMBISA Brands, the Africa-focused fast foods business, is focusing on Zimbabwe and Kenya in its expansion drive, according to the London-based research firm, Exotix Capital, which recently held disc...

By Staff reporter | Published: 06 July 2017

FINANCIAL SERVICES

Zimre Property seeks to turn fortunes

ZIMRE Property Investments (ZPI) suffered a 15 percent revenue decline and 10 percent projects income dip during the first quarter of 2017 compared to the prior period the previous year, as the Zimba...

By Staff reporter | Published: 06 July 2017

FINANCIAL SERVICES

ZHL to rebrand reinsurance unit

ZIMRE Holdings Limited (ZHL) has begun rebranding its reinsurance unit to bring its regional operations under Emeritus International, a Botswana-based holding company, the Financial Gazette can repor...

By Staff reporter | Published: 06 July 2017

BUSINESS NEWS

New plan to increase Zimbabwe's power generation

GOVERNMENT has announced a series of tax exemptions, licence fee cuts and a raft of financing measures to drive renewable energy development.This comes as authorities have been battling to address a ...

By Staff reporter | Published: 06 July 2017

BUSINESS NEWS

Import ban unlocks $100 million

GOVERNMENT's policy to restrict the importation of at least 100 product lines, introduced last year in a bid to protect domestic industries, has unlocked at least $100 million in foreign direct inves...

By Staff reporter | Published: 06 July 2017

MINING & RETAIL

Falgold faces uncertain future

ZIMBABWE Stock Exchange (ZSE) listed gold miner, Falcon Gold Zimbabwe, says the future of its remaining two mines in the country is uncertain due to a deteriorating economic environment, characterised...

By Staff reporter | Published: 06 July 2017

FINANCIAL SERVICES

National Building Society boss suspended

NATIONAL Building Society (NBS) managing director, Ken Chitando, has been sent on three months forced leave to pave way for an audit into the bank's financial accounts, after indications that the one...

By Staff reporter | Published: 06 July 2017

POLITICS

Mugabe blows $50 million on trips

PRESIDENT Robert Mugabe spent $53 million on foreign trips during 2016, more than double the amount government allocated for the upgrade of public health facilities in the country during the year, Tr...

By Staff reporter | Published: 06 July 2017

TRANSPORT & TOURISM

fastject acquires brand intellectual property rights

LOW-COST airline fastjet has acquired all intellectual property rights associated with the fastjet brand from the easyGroup with effect 29 June 2017 as the airline seeks to consolidate its presence in...

By Staff reporter | Published: 06 July 2017

ZIMBABWE

ZSE poised to break $6 billion mark

The Zimbabwe Stock Exchange (ZSE) seemed poised to break the US$6 billion market capitalisation record with investors piling further into equities in June.As of Wednesday, industrials were valued at U...

By Staff reporter | Published: 06 July 2017

POLITICS

Mugabe's govt delays business reforms

ONLY four out of 15 Bills, which are critical in improving the ease of doing business in Zimbabwe have been approved in a one-year period, showing that government is still dragging its feet in impleme...

By Staff reporter | Published: 06 July 2017

TELECOMS & TECHNOLOGY

Legacy debt chokes NetOne

Zimbabwe's second largest mobile network operator by subscriber numbers, NetOne, has engaged creditors with a view to restructuring its legacy loans which are choking the business, the company has sai...

By Staff reporter | Published: 06 July 2017

POLITICS

Govt officials loot $500 million in loans

ZIMBABWE's broke Treasury has failed to account for nearly US$570 million disbursed to unnamed beneficiaries in the form of loans, exposing bad governance, gross mismanagement of public funds and syst...

By Staff reporter | Published: 06 July 2017

BUSINESS NEWS

Zimbabwe clears $2.2m Shelter Afrique arrears

Zimbabwe has cleared its US$2.2 million arrears with the Pan-African financial institution, Shelter Afrique, and pledged to work together with other member countries in developing sustainable housing ...

By Staff reporter | Published: 05 July 2017

TRANSPORT & TOURISM

Zimbabwe splurges $1billion on planes

ZIMBABWE'S cash-strapped government has spent nearly $1 billion on procuring Boeing 777-200ER planes from Malaysia Airlines, as it sets up a new airline to be run by President Robert Mugabe's son-in-l...

By Staff reporter | Published: 05 July 2017

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