The equities market shed yesterday's gains to retreat slightly in today's trades.The Industrial index was down 0.29 points to close at 168.73 points. The cement maker PPC lost 10 cents to trade at 190...
The Zimbabwe Association of Microfinance Institutions (Zamfi) says small and medium scale enterprises (SMEs) require strategic guidance and financial support to be able to play a bigger and effective ...
Government has started paying back loans it acquired from the European Investment Bank (EIB) as it moves to restore ties with the institution, a cabinet Minister said on Monday.The EIB suspended lendi...
RioZim Limited says it expects to report a bigger loss for the full year to December due to lower tonnage at its Renco Mine combined with the low gold prices in the fourth quarter of last year.In a st...
Zimbabwe's tobacco exports for the period 1 January to 13 February 2015 reached $193,8 million up from only $36,4 million recorded during the same time last year.According to figures from the Tobacco ...
Lending rates at commercial banks for individuals and corporate clients declined from 14.16 percent to 14.08 percent and 9.66 percent to 9.47 percent respectively.Weighted lending rates at merchant ba...
Econet Wireless says it will focus on developing value added services (VAS) in 2015 to capitalise on the network infrastructure it has invested in over the years. CEO Douglas Mboweni said the company,...
Bindura Nickel Corporation released a subdued set of numbers for their Q3 trading update, as nickel concentrate production declined by 30% from 1,989 tonnes in Q2 to 1,383 tonnes. This was on the bac...
HSBC is facing searching questions from regulators over the quality of its internal checks and culture after the Financial Conduct Authority said it was looking into recent revelations that its Swiss ...
HSBC is facing searching questions from regulators over the quality of its internal checks and culture after the Financial Conduct Authority said it was looking into recent revelations that its Swiss ...
Gold extended gains to a fourth straight session on Tuesday, underpinned by safe-haven bids after talks between Greece and its creditors broke down. Spot gold rose 0.1 percent to $1,232.50 an ounce by...
Oil markets opened stronger on Tuesday, continuing a rally that has seen Brent crude futures soar 8 percent since mid-January, yet analysts are increasingly saying that price rises have been overblown...
The Bankers Association of Zimbabwe has adopted a new code of banking practice which all members of the association will be obligated to comply with in a move aimed at fostering customer confidence in...
Delta Beverages has moved to address its cost inefficiencies by relocating the PET plant with new additions to the main factory at Graniteside. The move will result in a 31 percent reduction in manufa...
Bata Shoe Company employees yesterday left the Supreme Court on cloud nine after their employer's appeal against an order to award a wage increase was thrown out by the judges of appeal. The court, co...
ENGINEERS have started on a R3.3bn rescue marathon to prevent the "catastrophic failure" of the Kariba Dam. According to a World Bank special report on the beleaguered structure - one of the biggest m...
INDUSTRIALISTS in Bulawayo have identified four strategic intervention areas that require urgent government attention and financing to guarantee the successful revival of industries and job creation.O...
THE Zimbabwe Investment Authority (ZIA) approved investment projects worth $1.14 billion in 2014, a 66.6 percent increase from $685.9 million worth of projects approved in 2013.ZIA chairman Nigel Chan...
TOP banker, Elisha Nyikadzino Mushayakarara has died.He was born on 8 April 1943. A BSc (Econ) graduate from (London) University College of Rhodesia & Nyasaland. Mushayakarara left his post...
Johannesburg -SA stocks edged up on Monday after scaling fresh record peaks earlier, tracking global shares which hit five-months highs, with Woolworths extending its rally spurred by solid earnings.W...
Education doesn't come cheap! For education to prove an investment, one needs to have a clear vision of what one wants to gain out of it. And it will prove to be as useful as you want to make it.A pie...
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...
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...
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, ...
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...