CONSTRUCTION & PROPERTY

'Zim property market remains attractive'

LamudiI, a realtor with operations in 32 countries, says Zimbabwe's property market remains attractive despite the country's deteriorating economy.Mustafa Suleimanji, the group's managing director for...

TELECOMS & TECHNOLOGY

Makamba calls off Brainworks deal

Empowerment Corporation (Private) Limited (EC) shareholders have "buried the hatchet", with company chairman James Makamba calling off a Friday extraordinary general meeting (EGM) and subsequent deal ...

BUSINESS NEWS

Chinamasa demands EIB sets up Zim office

Finance minister Patrick Chinamasa says the European Investment Bank (EIB) should set up office in Zimbabwe, a move he believes is a sign of confidence as the two work towards normalising relations.He...

100 000 tourism jobs on the line

Zimbabwe risks losing 100 000 potential jobs in the tourism industry following the introduction of 15 percent value added tax  (Vat) on foreign tourists, the Zimbabwe Council for Tourism (ZCT) ha...

LANDS & AGRICULTURE

Zim to miss 2015 tobacco target

Zimbabwe is likely to miss its 2015 tobacco target of 220 million kilogrammes due to poor weather and handling losses, Tobacco Industry and Marketing Board (TIMB) chief executive Andrew Matibiri told ...

FINANCIAL SERVICES

70% of Zimbabweans uninsured

At least 70 percent of Zimbabwe's adult population in not insured at all - be it medical aid or funeral cover - a survey has revealed.According to FinScope Consumer Survey Zimbabwe 2014 (FinScope), 68...

FINANCIAL SERVICES

Banks' profits in massive surge

Zimbabwean banks recorded a combined profit of $52, 8 million in the year to December 2014, up 1 453 percent from $3, 4 million recorded in prior comparable period, central bank statistics revealed.Jo...

MINING & RETAIL

Zim mine collapse hits Implats earnings

Impala Platinum Holdings (Implats) - the world's second-largest platinum producer - has projected lower earnings for the half year to December 2014 due to disruptions caused by the collapse of its Zim...

ZIMBABWE

Zim inflation rate remains in the negative

Zimbabwe's year-on-year inflation rate receded to -1, 28 percent in January 2015 after shedding 0, 48 percentage points on December 2014's - 0, 80 percent.The Zimbabwe National Statistics Agency (Zims...

ZIMBABWE

ZSE suspends Meikles

Meikles Limited (Meikles) has been suspended from the Zimbabwe Stock Exchange (ZSE) amid reports that the bourse is probing the group's financials for the year to March 2014, particularly disclosure o...

MINING & RETAIL

Fidelity, ZMDC in gold venture

Reserve Bank of Zimbabwe (RBZ) subsidiary Fidelity Printers and Refiners (Fidelity) is set to partner the Zimbabwe Mining Development Corporation (ZMDC) in the establishment of a gold mining venture.J...

BUSINESS NEWS

Zim, EU sign $270m deal

Zimbabwe and the European Union (EU) yesterday signed a $270 million financing deal for the National Indicative Programme (Nip), targeted at supporting socio-economic projects in the country over the ...

TELECOMS & TECHNOLOGY

'Bust Telecel needs $300m'

Zimbabwe's third largest telecommunications company, Telecel, is "technically insolvent" and needs about $300 million to stay afloat, businessdaily has learnt.This is at least according to information...

LANDS & AGRICULTURE

Tobacco season opens in March

Zimbabwe's 2015 tobacco selling season will officially open next month amid concerns of a poor crop production due to heavy rains that pounded the country in January.Traditionally, the season official...

FINANCIAL SERVICES

RBZ urges banks to lower charges

The Reserve Bank of Zimbabwe (RBZ) has implored financial institutions to lower bank charges and peg new accounts opening at $5 as a way of promoting financial inclusion in the country.John Mangudya, ...

FINANCIAL SERVICES

RBZ relaxes foreign remittances controls

The Reserve Bank of Zimbabwe (RBZ) is set to introduce relaxed controls on international remittances by April this year, as part of its measures to boost inflows and ease liquidity constraints.John Ma...

TRANSPORT & TOURISM

Air Zimbabwe commercialises technical services

Air Zimbabwe (AirZim) has commercialised its technical and engineering services as part of measures to broaden revenue streams.The airline, which advertised the services recently, is targeting the tra...

MINING & RETAIL

Aquarius engages Zim over platinum tax

Aquarius Platinum Limited (Aquarius) - a 50 percent shareholder in Zimbabwe's second-largest platinum producer, Mimosa Mining Company (Mimosa) - says it has engaged government over the recently-impose...

INDUSTRIALS & ENERGY

PG converts debentures to equity

Struggling PG Industries Zimbabwe Limited (PG) plans to convert a total $7,1 million debentures into equity.The group said the conversion, at a price of $0,001, will include accrued and unpaid interes...

BUSINESS NEWS

Zinara willing to partner financiers

The Zimbabwe National Roads Administration (Zinara) is amenable to the idea of partnering other funding organisations in the development of key soft and hard infrastructure at border points, including...

FINANCIAL SERVICES

Interbank market resumes

Zimbabwe has reintroduced a $200 million interbank market, six years after the facility was abolished.The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, said in his 2015 monetary policy state...

FINANCIAL SERVICES

RBZ engages 'bond coins' distributor

The Reserve Bank of Zimbabwe (RBZ) has engaged Easylink Money Transfer Agent (Easylink) to compliment banks in the distribution of the recently launched bond coins.Easylink - a money transfer unit own...

BUSINESS NEWS

British investors explore Zim opportunities

A nineteen-member delegation of British private investors -  led by Invest Africa - is expected in Zimbabwe today to explore investment opportunities in the country.The visit is on the back of a ...

FINANCIAL SERVICES

Tetrad employees suspended

Panic has gripped over 108 Tetrad Investment Bank (Tetrad) employees after the financial institution's judicial manager, Winsley Militala of Petwin Executor and Trust Co, suspended their contracts on ...

MINING & RETAIL

'Gold price amendments to boost efficiency'

Toronto Stock Exchange-listed gold producer Caledonia Mining Corporation (Caledonia) says government's move to amend gold pricing structures for its Zimbabwean gold mine will improve cost efficiency.T...