Cement manufacturer PPC Zimbabwe (PPC) - a subsidiary of South Africa-based PPC International - plans to more than double production from 600 000 tonnes to 1,4 million tonnes annually following ...
By Staff reporter | Published: 07 June 2015
The United Kingdom (UK) Department for International Development (DFID)'s $800 000 has been trapped in AfrAsia Zimbabwe Holdings Limited (AZHL)'s lending unit, Microking, following collapse of the fin...
By Staff reporter | Published: 07 June 2015
Zimbabwe's former Industry and International Trade minister Nkosana Moyo has been appointed to Impala Platinum Holdings (Implats) board.Implats is an 87 percent shareholder of Zimbabwe's largest plati...
By Staff reporter | Published: 07 June 2015
Listed diversified group Innscor Africa Limited (Innscor) is challenging the Competition and Tariff Commission (CTC)'s decision to fine it over $2, 5 million for unproceduraly increasing its stake in ...
By Staff reporter | Published: 07 June 2015
The International Monetary Fund (IMF) says Zimbabwe must first clear its more than $150 million debt to the Bretton Woods institution before the country can access any new loans.Domenico Fanizza, the ...
By Staff reporter | Published: 07 June 2015
Reserve Bank of Zimbabwe (RBZ) has introduced new regulations for money transfer agencies and bureaux de change, with foreigners barred from having shareholding in the institutions.Morris Mpofu, the c...
By Staff reporter | Published: 07 June 2015
AfrAsia Bank Limited (ABL) says its Zimbabwean banking unit, AfrAsia Bank Zimbabwe Limited (ABZL), collapsed after negotiations with an international investor fell through at the last minute.The Mauri...
By Staff reporter | Published: 07 June 2015
Tobacco merchants have mobilised $824 million from offshore sources, in compliance with the central bank Tobacco Finance Order (TFO), Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said.He ...
By Staff reporter | Published: 07 June 2015
NMB Bank Limited (NMB) has acquired a 40,16 percent stake in Zimre Holdings Limited (ZHL) after taking up nearly 82 percent unsubscribed shares in the insurance group's $15 million rights issue.The ba...
By Staff reporter | Published: 07 June 2015
Meikles Limited (Meikles) has come out "guns blazing" against the Securities Exchange Commission of Zimbabwe (SEC) over transparency issues related to Mentor Limited (Mentor), with the group threateni...
By Staff reporter | Published: 07 June 2015
Mauritius-based Sino Properties (Proprietary) Limited (Sino Properties), is now the majority shareholder in Zimplow after snapping up a 59,4 percent stake in the agro-industrial concern.Sino Propertie...
By Staff reporter | Published: 07 June 2015
Zimbabwe Platinum Mines Limited (Zimplats) says the collapse of its Bimha Mine in August last year cost the company nearly $23 million.Alex Mhembere, Zimplats chief executive said the mine collapse re...
By Staff reporter | Published: 07 June 2015
Empowerment Corporation (Private) Limited (EC)'s shareholders have unanimously agreed to restore Brainworks Capital Management (BCM)'s bid for their 40 percent share in Telecel Zimbabwe (Private) Limi...
By Staff reporter | Published: 07 June 2015
The Zimbabwe Revenue Authority (Zimra) has threatened to "descend" heavily on all tax defaulters who ignore the granted amnesty to regularise their outstanding tax bills.Gershem Pasi, the Zimra commis...
By Staff reporter | Published: 07 June 2015
Meikles Limited (Meikles) executive chairman John Moxon claims there are elements with "negative agendas" behind the group's saga involving its nearly $90 million debt owed by Reserve Bank of Zi...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest platinum producer Zimplats profit after tax slumped by 88 percent to $3,9 million in the half year to December 2014 from $42 million recorded in prior comparable period due to depre...
By Staff reporter | Published: 07 June 2015
The Reserve Bank of Zimbabwe's $20 million demonetisation programme is aimed at "liquidating all Zimbabwe dollar balances" as at December 2008 and "not compensating speculators' inflationary gains".Th...
By Staff reporter | Published: 07 June 2015
Zimbabwe's High Court has dismissed businesswoman Jane Mutasa's bid to block the sale of Empowerment Corporation (Private) Limited (EC)'s 40 percent stake in Telecel Zimbabwe (Private) Limited (Telece...
By Staff reporter | Published: 07 June 2015
RioZim's largest shareholder, Gem RioZim Investments Limited (GEM), has increased its shareholding in the listed mining group from 24,97 percent to 28,3 percent.This follows shareholders' approval to ...
By Staff reporter | Published: 07 June 2015
The Zimbabwe Stock Exchange (ZSE) has given Meikles Limited (Meikles) a seven-day ultimatum to "respond to issues" concerning overstatement of its $90 million debt owed by the central bank.This comes ...
By Staff reporter | Published: 07 June 2015
The Zimbabwe Power Company (ZPC) plans to embark on a debt restructuring exercise, with the group floating a tender seeking a "strategy consultant".The energy company - a subsidiary of power utility Z...
By Staff reporter | Published: 07 June 2015
Troubled AfrAsia Bank Zimbabwe Limited (ABZL) has surrendered its banking licence after its Mauritian shareholder gave up on turning around the bank's fortunes.Apart from a Reserve Bank of Zimbabwe (R...
By Staff reporter | Published: 07 June 2015
The Zimbabwe Stock Exchange (ZSE) yesterday lifted Meikles Limited (Meikles)'s suspension from trading on the local bourse after baulking at the conglomerate's High Court challenge.In its papers, the ...
By Staff reporter | Published: 07 June 2015
Zambia has guaranteed a total $250 million loans jointly accessed with Zimbabwe - through the Zambezi River Authority (ZRA) - from international financiers, targeted at funding refurbishment of Kariba...
By Staff reporter | Published: 07 June 2015
Cigarette maker British American Tobacco Zimbabwe (BAT Zimbabwe) increased its capital expenditure to $2,2 million in the year to December 2014 from $1,2 million prior year.During the period under rev...
By Staff reporter | Published: 07 June 2015
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
