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...
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...
Zimbabwe's inflation has dropped to -1,28 percent with calls for the government to focus on price stability policies.Data released by the Zimbabwe National Statistics Agency (Zimstat) today shows that...
The government has lifted a ban on five out of 11 gold mines after complying with stipulated regulations.Information obtained from the Ministry of Mines and Mining Development shows that the lifting o...
The European Union remains a crucial development partner to Zimbabwe which has contributed immensely towards poverty eradication and economic transformation of the country, a Cabinet Minister said on ...
Beverage manufacturer Delta Corporation says it did not increase production of sorghum this year since it does not anticipate a substantial rise in beer sales mainly due to the economic challenges the...
The Zimbabwe Stock Exchange has suspended Meikles Limited from trading with effect from today.The bourse announced without immediately giving reasons for the suspension.However, sources have said the ...
The Tobacco Industry and Marketing Board (TIMB) says the 2015 marketing season will begin on March 4 this year at auction floors, while contract sales commence the following day.The tobacco marketing ...
Mwana Africa's Freda Rebecca recorded a 14 percent decline in production for the third quarter ending December 2014 as the average feed grade fell 16 percent below the second quarter.Although tonnes m...
The equities market opened the week on a higher note in thin trading with the industrial index adding 0.66 points to close at 169.02 points.Delta and Zimplow were up a cent each at 116 cents and 7.50 ...
Zimbabwe's first ever microfinance bank (MFB) will soon open its doors to the public after it was licensed to operate by the Reserve Bank mid-last month, an official has said.The microfinance bank, na...
Financial Highlights:- Total income: $ 26 857 963- Operating income: $ (2 072 266)- Loss before taxation: $ (1 466 031)- Income tax credit: $ 91 540- Loss for the period: $ (2 627 622)- Dividend: Nil-...