THE Postal and Telecommunications Regulatory Authority of Zimbabwe has released the Zimbabwe National Frequency Allocation Plan draft which will indicate the extent of frequency resources that will b...
The Industrial Development Corporation (IDC) of Zimbabwe says it needs more than $100 million to recapitalise its subsidiaries.The proposed funds are aimed at reviving the corporation's divisions, whi...
Power utility company ZESA has announced a $170 million debt relief for domestic customers and resettled and rural farmers.ZESA says the debt relief to customers was devised after extensive consultati...
Harare - Zimbabwe President Robert Mugabe named justice minister and top ruling party legal official Patrick Chinamasa as his finance minister on Tuesday as he appointed his cabinet in the wake of a ...
The bearish sentiment that has been well established post the election has now dissipated as bargain hunters entered the market in the just ended week. The industrial index was little changed at 181.7...
Angola - South African-based Spar Group has announced that it will join forces with an Angolan company to open a store in the country's capital, Luanda, within the next six months.Spar Group finance d...
ZSE-listed Rainbow Tourism Group yesterday scored a first in the hotel industry when it launched a new package, Stay now, pay later that allows individuals and organisations to book into the hotel gr...
BINDURA Nickel Corporation is projecting to attain a cash positive position by the end of next month after overcoming its immediate funding requirements.The projection is contained in the firm's finan...
ZSE shares recorded gains for the 3rd consecutive session amid improving volumes across the board as most investors choose to play it safe.The Industrials Index gained another 1.07 points or 0.58% to ...
Financial Highlights:- Total income: $ 53 698 147- Total expenditure: $ (48 204 513)- Profit before tax: $ 3 521 955- Profit for the period: $ 2 426 121- Dividend: Nil- Total comprehensive income for...
Financial Highlights:- Revenue: $ 3 508 131- Operating profit: $ 1 599 671- Profit before tax for the period: $ 1 661 804- Profit after tax for the period: $ 1 126 067- Dividend: Nil- Total comprehens...
Financial Highlights:- Revenue: $ 4 509 333- Net property income: $ 3 860 896- Net property income after administration expenses: $ 2 021 006- Operating profit before tax: $ 2 398 664- Profit before ...
Of course, the Zimbabwe Entrepreneurial history has got some very good case studies of Zimbaweans now in their prime who took their chances.We probably all know of Strive Masiyiwa and the telecoms beh...
Zimre Property Investment (ZPI) released a lukewarm set of numbers showing a 25% growth in revenue to $3.5m from $2.8m. Rental income contribution reduced significantly from a high of 70% in December ...
First Mutual Holdings Limited (FMHL) released a mixed set of numbers indicating a 16% jump in gross premium written to $52m from $45m in the prior period. The biggest contribution to revenue came fro...
Zimbabwean banks have been ranked among the worst financial institutions in the world due to low capitalisation levels and systemic risks inherent in the economy.According to the World Economic Forum ...
Zesa Holdings has started installing prepaid meters in farming areas, a move which has seen many farmers complaining. The utility contracted another company, Finmark, to carry out the installations. F...
HARARE - Orhan Abbas, whose career spans 15 years within commercial roles at Emirates, has been appointed Senior Vice President, Commercial Operations, Latin America, Central and Southern Africa.Orhan...
Johannesburg-based investment holding company, Mondise Capital and the pan-African Imara financial services group today (Tuesday, September 10) announced the formation of a joint venture, Imara Mondis...
Police in Harare have banned a planned march against violation of workers' rights in Zimbabwe.Zimbabwe Congress of Trade Unions (ZCTU), the country's largest labour union, wanted to mark the September...
Pretoria - South Africa's current account deficit widened more than expected to 6.5% of GDP in the second quarter of 2013 from 5.8% in the first quarter as the trade gap rose substantially, the Reser...
ZSE-listed concern Pearl Properties' profit for the six months to June was up 22,2% to $ 1,9 million driven by growth in net property income, the company has announced.Basic earnings per share rose t...
STANDARD Chartered Bank of Zimbabwe Limited profit for the six months to June has narrowed to $7,2 million compared with $8 million over the same period last year due to growth in operating expenses.D...
Zesa Holdings has reportedly engaged President Mugabe's office over the proposed scrapping of electricity bills, arguing the move would be disastrous. Sources said yesterday that the utility's top ...
Small-scale miners have accused top management at the chrome mining giant, Zimasco, of pushing them out of business by awarding lucrative contracts to large-scale miners. The miners said Zimasco rece...