Meikles Limited (Meikles) says it is proceeding with its $50 million lawsuit against the Zimbabwe Stock Exchange (ZSE) after talks of reconciliation between the two parties reached a deadlock.In an up...
Benefit Washaya has been appointed as the substantive chief executive of listed financial services group NMB Zimbabwe Holdings.Washaya, whose appointment is effective from April 1, 2015, has been runn...
Malawian Airlines plans to capitalise on the southern African region's thriving tourism sector by introducing a connecting flight between Lake Malawi and Victoria Falls.Civil Aviation Authority of Zim...
Zimbabwe's gold production went up by nearly 20 percent from 926,79 kg in January 2014 to 1 111,62 kg in January this year, statistics from the Africa Development Bank (AfDB) shows.In its monthly econ...
Zimbabwe has the capacity to turn around its $2,2 billion trade deficit with South Africa if the country starts producing more goods, economic analysts say.This comes after President Robert Mugabe on ...
Zimbabwe's tobacco sales have declined by 27 percent to $60 million since the opening of the 2015 selling season last month compared to $81 million recorded in the same period last year due to lower p...
A Zimbabwean business delegation is today expected to meet with counterparts from South Africa at a forum to be held in Pretoria to explore trade and investment opportunities.The delegation is part of...
Tetrad Investment Bank's future hangs in the balance as creditors and depositors meet for the last time today in the capital to decide the troubled financial institution's fate.At the last meeting hel...
China continues to dominate the country's tobacco exports after the Asian country snapped up 19,4 million kilogrammes (kg) worth $167,6 million out of $218 million earned by Zimbabwe so far.Statistics...
Collapsed Allied Financial Holdings (AFH) former chief executive Terence Mukupe has turned to politics and is eyeing the Harare East parliamentary seat under the Zanu PF ticket.Mukupe is expected to l...
Premier African Minerals (Premier) says it remains on course to start its first tungsten production in Zimbabwe by June this year.George Roach, Premier chief executive, said the mining firm has starte...
Zimbabwe's manufacturing industry is bleeding to death after the sector contracted by a negative 4,9 percent in 2014, latest statistics from the central bank show.In its quarterly economic report rele...
Zimbabwean companies are losing over $100 million annually in wages and productivity through mental health or stress related absence from work, a latest survey has shown.Industrial Psychology Consulta...
Asian tourist arrivals to Zimbabwe has declined by 19 percent to 42 798 in 2014 from 52 959 recorded in 2013 despite the country's aggressive Look East policy, latest tourism statistics show.Figures r...
Hwange Colliery Company Limited (HCCL) is set to acquire new coal concessions in a move aimed at increasing the life-span of the group's mines and attract new investment.HCCL chairman Farai Mutamangir...
Blanket Mine (Blanket) gold production declined to 41 771 ounces in 2014 from 45 527 ounces registered in 2013 due to lower head grade.Steve Curtis, chief executive of Caledonia Mining Corporation (Ca...
Zimbabwe Stock Exchange-listed agro-industrial concern, Zimplow, is set to dispose more non-core assets in the coming year as the group seeks to restructure debts and focus on its primary business.Gro...
African Sun Limited (ASL) chief executive Shingi Munyeza has resigned with immediate effect, as private equity firm Brainworks Capital Management (BCM) plans a total takeover of the listed hospitality...
Standard Chartered Bank Zimbabwe Limited (Stanchart) is embarking on a restructuring exercise in line with its parent company's - Standard Chartered Plc - review of its global branch network.Samuel Ru...
Construction firm Masimba Holdings Limited (Masimba) is seeking regulatory approval to unbundle its contracting and manufacturing businesses into two separately listed companies.Greg Sebborn, Masimba ...
Zimbabwe Stock Exchange-listed NMB Zimbabwe Holdings (NMBZ) has registered a $1,6 million profit after tax in the full year to December 31, 2014, up from a loss of $3,3 million recorded in 2013.Tendai...
Zimbabwe is planning to list its struggling parastatals on the stock exchange in an effort to raise capital and unlock value, Finance minister Patrick Chinamasa has said.Chinamasa said parastatals wer...
Late South Africa's first black President Nelson Mandela's widow Graca Machel was in Zimbabwe last week to launch the Network of African Business Women (NABW).She said Zimbabwean women must participat...
National airline Air Zimbabwe (AirZim) has so far realised nearly $40 000 from commercialising its technical and engineering services.AirZim acting chief executive, Edmund Makona, said after investing...
ZB Financial Holdings (ZB), one of the big banking institutions with a strong asset base in the country, is aiming a return to profitability this year through reduced overheads and product innovation....