The Confederation of Zimbabwe Industries congress roars into life today in Mutare with several manufacturing company executives expected to congregate for brainstorming on the future of industry. The ...
The equities markets let up slightly on its negative run adding on 0,42 percent as several heavy weight counters experienced gains.The industrial index was up 0.77 points to close trade at 184.37 poin...
It has been reported that the Zimbabwe government is planning to step up its revenue collection efforts with a crackdown on all informal traders.According to TechZim, this blitz will also rope in the ...
London Stock Exchange listed mining giant Mwana Africa PLC says it will continue operating in Zimbabwe despite unfriendly operating environment for businesses."The single biggest challenge to operate ...
The government has secured a $100 million credit facility from a Chinese company to support small scale miners, Mines and Mining Development minister Walter Chidhakwa said last week.In a speech read o...
OK Zimbabwe net sales for the quarter ending June 30 2014 declined by 3,5% attributed to declining consumption and falling product prices.In a statement by OK Zimbabwe last week, OK Zimbabwe chief exe...
THE Zimbabwe Energy Regulatory Authority (Zera) has adopted a new tariff determination methodology aimed at attracting new investors into the country's struggling power generation industry.Zimbabwe is...
LOSSES of retail household furniture and appliance concern Pelhams Limited widened to $3,3 million for the year ended March 31 2014 due to a sales decline, attributed to liquidity constraints.In the s...
LAWYERS representing Bulawayo Council and a South African contractor are meeting to finalise the $60 million deal to upgrade the Basch Street Terminus into a state-of-the-art shopping complex and regi...
INNSCOR'S fast foods division will in the next 12 months spend more than $1,5 million on expanding its operations in the southern region, a development expected to boost employment levels.The division...
Finance and Economic Development Minister Patrick Chinamasa and Mines and Mining Development Minister Walter Chidhakwa are in Moscow to court investors for the mining sector.The visit is in resp...
RM Insurance is set to be rebranded to Old Mutual Zimbabwe as part of a strategy to align its subsidiaries to the main Old Mutual brand, The Herald Business reported.Old Mutual group's short term insu...
The High Court has ordered Telecel Zimbabwe to handover copies of resolutions passed by its board and minutes of all meetings held since March 2010 to its suspended acting chairperson Dr Jane Mutasa.D...
Arbitrators in the salary dispute between the soft drink manufacturing employees union and manufacturing employers association have awarded a 10 percent wage increase to workers.However, the employers...
Mr Chirume said that new listing rules for the Zimbabwe Stock Exchange should be ready by January next year.ZSE is seeking to compel listed firms to, among a host of other new regulatory requirements,...
The Zimbabwe Stock Exchange is mulling establishing a revolving facility that will be used by small to medium enterprises wishing to undertake a primary listing on the impending SMEs bourse.Chief exec...
Despite the economic challenges, Zimbabwe has remained resilient and continues to move forward.That is part of the national DNA. The adoption of the multi-currency system that includes the United Stat...
The strong US dollar adopted in 2009 and the depreciation of the South African rand in recent years has made local products 25 percent more expensive and less competitive compared to imported goods, t...
British American Tobacco Zimbabwe has declared a $0,30 per share interim dividend for the six months to June.The interim dividend includes $0,04 to be paid from historical earnings.The dividend comes ...
A TOTAL of 218 exhibitors have participated at this year's edition of Mine Entra expo occupying 93 percent of the space that the organisers of the event targeted to sell.The three-day trade showcase t...
PPC Zimbabwe has secured about $18 million for the construction of a new cement plant in Harare. The cement company says construction of the new plant is the "main priority" at the moment."Preliminary...
Nissan Zimbabwe lost its local Nissan franchise on June 30th, 2014 as Nissan Motor Corporation decided not to renew the distribution agreement following the acquisition of the local dealership by a co...
Financial Highlights:- Revenue: $ 3 737 180- Gross profit: $ 1 629 770- Operating loss: $ (2 566 656)- Loss before tax: $ (3 527 337)- Loss for the year: $ (3 330 090)- Dividend: Nil- Total comprehens...
Financial Highlights:- Revenue: $ 20 334 000- Gross profit: $ 13 804 000- Operating profit: $ 7 005 000- Profit before income tax: $ 7 026 000- Profit for the period: $ 5 329 000- Dividend: $ 0.30- To...
Young people are afraid of investment...Most people born in the early 1990’s and who are entering the real world after studies and graduation have only experienced recession and negative news about ...