Latest News

OPINION

Why ZimAsset is such a good policy

Zimbabwe's latest broad economic policy - the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset) - has been described as positive by a number of agencies, not least the World Ban...

By STaff reporter | Published: 10 July 2014

ZSE TODAY

ZSE equities back in the red

The equities market was 1,15 percent weaker bucking gains from the past two days, weighed down by loses from heavyweights Delta and African Sun.The industrial index lost 2.17 points to close at 186.63...

By Staff reporter | Published: 10 July 2014

TRANSPORT & TOURISM

Zim to partner US to increase tourist arrivals

The Zimbabwean Government is set to sign a memorandum of understanding (MoU) with the United States to promote tourism between the two countries, an official has said.Addressing journalists at his off...

By Staff reporter | Published: 10 July 2014

INDUSTRIALS & ENERGY

3 bidders shortlisted for Devon Engineering

The fate of Motec Holdings subsidiary, Deven Engineering, hangs in the balance as the group awaits confirmation of funds from the shortlisted bidders.The Industrial Development Corporation (IDC) annou...

By Staff reporter | Published: 10 July 2014

BUSINESS NEWS

NSSA to provide funds for formalising informal economy

The National Social Security Authority says it will provide the necessary funds to the informal sector as part of efforts to incorporate informal businesses into the formal sector.Speaking on his retu...

By Staff reporter | Published: 10 July 2014

MINING & RETAIL

Trojan mine resumes full production

Bindura's Trojan Mine has resumed full production generating revenue of $65 million despite depressed global prices of nickel.Trojan re-entered the ranks of nickel producers with significant productio...

By Staff reporter | Published: 10 July 2014

BUSINESS NEWS

Truck drivers allege inefficiency at Beitbridge

Long distance truck drivers have called on relevant authorities to tackle the operational challenges faced at the Beitbridge Border Post which are negatively affecting international trade.Nearly a hun...

By Staff reporter | Published: 10 July 2014

INDUSTRIALS & ENERGY

Cimas in bid to curb fraud

Cimas Medical Aid Society is currently sending out every week about 9 000 new colour coded membership cards with photographs that are designed to reduce the number of fraudulent claims.The society est...

By Staff reporter | Published: 10 July 2014

TELECOMS & TECHNOLOGY

Econet suffers internet blackout

ECONET subscribers in Bulawayo and some parts of the southern region were left stranded after they failed to access internet services following a fault in the company's signal links.The internet servi...

By Staff reporter | Published: 10 July 2014

TRANSPORT & TOURISM

Emirates boosts baggage allowance from Harare

Emirates, which flies daily from Harare to Dubai via Lusaka, has increased its Economy Class checked baggage allowance by a third, bringing it into line with the Business Class offering.The generous 4...

By Staff reporter | Published: 10 July 2014

OPINION

Scenario planning for strategic thinking

Managers implicitly act against a scenario or mental model that highlights how the world will work into the future.Scenario planning is a tool in the strategic planning toolkit that creates the possib...

By Regenesys | Published: 10 July 2014

FINANCIAL SERVICES

One bank exceeds $100m minimum capital requirement

Zimbabwe's banking sector has witnessed a 2,5 percent and 3,6 percent decline in net capital and core capital levels, respectively as at the end of the first quarter, the Reserve Bank of Zimbabwe has ...

By Staff reporter | Published: 10 July 2014

ZSE TODAY

ZSE equities advance gains

The equities market has extended yesterday's gains inching up 0.50 percent as a number of heavily capitalised counters traded positively.Gainers outnumbered losers 10 to three in today's trades as the...

By Staff reporter | Published: 10 July 2014

TELECOMS & TECHNOLOGY

Telecel targets data usage

MOBILE telecommunications company Telecel says it is increasingly focusing on data services as a business strategy in line with current trends in the market.The advent and rapid market adoption of non...

By Staff reporter | Published: 10 July 2014

ZIMBABWE

Zim economy remains fragile

Zimbabwe's economy remained fragile during the first half of the year, a period characterised by closure of companies, liquidations, property attachment over debt and continued spiralling of unemploym...

By Staff reporter | Published: 10 July 2014

ECONOMC INDICATORS

Zimbabwe's trade deficit declines

The country's trade deficit in the five months to May was at $1,47 billion, narrowing by about 17,9 percent from the comparable period last year reflective of the tight liquidity situation and the lac...

By Staff reporter | Published: 10 July 2014

BUSINESS NEWS

Zimbabwe's SMP satisfactory, says IMF

ZIMBABWE is addressing the 2014 fiscal gap and implementing policy measures aimed at improving the quality of public expenditures and enhancing financial sector stability, the International Monetary F...

By Staff reporter | Published: 10 July 2014

MINING & RETAIL

Freda gold output down 10%

Freda Rebecca's gold output declined by 10 percent to 58,704 ounces in the year to March weighed down by lower head grade and mechanical faults on the milling plant. Mill head grade of 2,10g per tonne...

By Golden Sibanda | Published: 10 July 2014

FINANCIAL SERVICES

FBC to get $20m from Afreximbank

FBC Holdings will soon start drawing down on the last tranche of $20 million out of the $60 million facility secured from Afreximbank after signing off papers for the release of the funds. Group chief...

By Golden Sibanda | Published: 10 July 2014

INDUSTRIALS & ENERGY

Textile industry needs $200m to recapitalise

ZIMBABWE'S textile industry needs at least $200 million in the short to medium term to recapitalise, according to a latest study on the country's cotton and clothing industry. About $50 million is req...

By Martin Kadzere | Published: 10 July 2014

LANDS & AGRICULTURE

Contract tobacco sales surpass target

Over 373000 kgs of tobacco valued at over $1,1 million has been sold under the contract system since the end of the 2014 flue-cured tobacco selling season last month.The Tobacco Industry and Marketing...

By Staff reporter | Published: 09 July 2014

MINING & RETAIL

Mwana Africa shares up 18% on LSE

Shares of Pan-African multi-commodity mining firm, Mwana Africa plc, climbed 18 percent in this morning's trading on the London Stock Exchange after reporting a profit in its fiscal 2014, mainly on st...

By Staff reporter | Published: 09 July 2014

ZIMBABWE

Govt examines ZSE listing proposal

The government is examining the proposed Zimbabwe Stock Exchange (ZSE) revised listing requirement plan aimed at facilitating transparency in the dealing of shares.The revised listing requirement plan...

By Staff reporter | Published: 09 July 2014

ZIMBABWE

Zim rakes in $400m from exports to EU

Zimbabwe has raked in $400 million from export earnings in the European Union (EU) market since January, reflecting the government's willingness to normalise trade ties with the western trading bloc.I...

By Staff reporter | Published: 09 July 2014

FINANCIAL SERVICES

IDBZ awaits $40 million infrastructure drawdown

THE Infrastructure Development Bank of Zimbabwe (IDBZ) is awaiting drawdown on two lines of credit amounting to $40 million as the institution mobilises resources for infrastructure projects.The move ...

By Staff reporter | Published: 09 July 2014

Latest News

Latest Published Reports

Latest jobs