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TRANSPORT & TOURISM

Emirates fares starting from $2,550 for travel from Harare to Dubai

Travellers from Zimbabwe are being offered a taste of the highlife with the latest discounts from Emirates in a three-day sale of Business Class tickets this week.Attractive discounts are being offer...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Liquid Telecom acquires Rwandatel

KIGALI - Econet Wireless owned fibre and satellite operator, Liquid Telecom yesterday announced that it has acquired Rwandatel, Rwanda's fixed line network operator. The deal includes Rwandatel's cop...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Econet reshuffles TN Bank management

Econet Zimbabwe Limited (Econet) has reshuffled the financial institution's top management, which involves the appointment of new executives, including United Kingdom based financial analyst Lance Ma...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Mining firms urged to go secondary listing

Imara Capital Zimbabwe managing director Sean Gammon yesterday said mining company should consider secondary listings on the Zimbabwe Stock Exchange (ZSE) in a bid  to  boost capital on the...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Russian fixer handed rich platinum concession in Zimbabwe

MOSCOW - A Russian fixer handed an "exclusive licence" to develop the Darwendale platinum deposits in 2006 has said he is ready to bail-out and sell his shares on the open  market if the multi-m...

By Staff reporter | Published: 10 June 2013

AFRICA

'Relax visa rules to unlock intra-regional trade and economic growth'

AFRICAN Development Bank vice president and chief economist Professor Mthuli Ncube says visa requirements in Africa are among the factors restricting intra-regional trade and economic growth.Professo...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

Gono's RBZ ordered to return $1 million to Trojan NIckel Mine

IN a landmark ruling likely to open floodgates against the Reserve Bank of Zimbabwe, the High Court has ordered the central bank return to Trojan Nickel Mine Limited bank account over US$1 million i...

By Court reporter | Published: 10 June 2013

BUSINESS NEWS

Foreign investors eager to do business in Zimbabwe

A packed house attended today's (Monday, June 3) Zimbabwe investor conference staged by the Imara financial services group, with both local and international attendance exceeding projections.Nearly 1...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE: Econet, Innscor drag Industrials lower at week's opening

Industrials opened the first trading session of June in the red after heavyweights Econet and Innscor, the only counters to trade lower, managed to cancel out gains in 5 other counters.The Industria...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Egypt Air resumes Zimbabwe services

THE timing of the relaunch of the Egypt Air services to Harare is perfect considering the expected increase in the movement of people into the country for the United Nations World Tourism Organisatio...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Bulawayo to be declared a 'special economic zone'

GOVERNMENT plans to declare Bulawayo "a special economic zone", as it intensifies efforts to revive the city's status as the hub of industrial activity in the country, deputy minister of Economic Pla...

By Musa Dube | Published: 10 June 2013

BUSINESS NEWS

$2 billion needed to resurrect NRZ

NRZ general manager, Mike Karakadzai said the once vibrant parastatal needed about $2 billion for its long-term rehabilitation of infrastructure.The company is facing the daunting task of improving i...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Mugabe warns Japanese companies

President Mugabe on Saturday warned Japanese companies that they must not behave like Africa's erstwhile colonisers when they come to invest on the continent.Addressing a plenary session at the ...

By Staff Reporter | Published: 30 June 2013

BUSINESS NEWS

'Rand fall likely to benefit Zimbabwe economy'

Economic analysts say the fall of the rand against the United States dollar is likely to benefit the economy in the form of stable pricing models.There is a general feeling in some quarters of the ec...

By Business reporter | Published: 10 June 2013

ZSE TODAY

Econet results fail to cheer ZSE shares

ZSE shares were back in the red on Friday after Econet February finals failed to cheer the market with investors flagging a sell-off in the telecoms counter.The Industrials Index eased 0.39 or 0.18% ...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Trust Holdings shares suspended from the ZSE

The Zimbabwe Stock Exchange (ZSE) has announced that it has received and accepted the application for the voluntary suspension of trading in Trust Holdings shares, acting CEO Martin Matanda said this...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet settles $85 million of the $137.5 million licence renewal fees

Econet Wireless Zimbabwe's licence was renewed and licence period extended to 20 years while the licence renewal fee was set at $137.5 million, group CEO Douglas Mboweni told an analyst briefing yest...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

RioZim to focus on debt restructuring

RioZim will continue focusing on debt restructuring with the company expecting to generate $8.6 million cash in total and $7.7 million before the end of the year from the sale of reverts of Xstrata, ...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Air Zimbabwe sends over 600 employees on forced leave

AIR ZIMBABWE yesterday announced it has sent over 600 employees on forced leave as part of its restructuring programme aimed at revitalising, recapitalising and restoring customer confidence.Although...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Bulawayo Rainbow hotel gets $650,000 facelift

THE Bulawayo Rainbow Hotel is undergoing a  $650 000 facelift. In a statement yesterday, Rainbow Tourism Group (RTG) the hotel was expected to have several of its areas revamped to give it a mor...

By Business Reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel licence will not be renewed

GOVERNMENT says Telecel Zimbabwe should first address its lopsided shareholding by transferring majority stake in the firm to locals before its mobile phone operator's licence can be renewed. Transpo...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet increase revenue by 14% to $695 million

Econet's revenue for the year ended 28 February 2013 was $694.8 million, an increase of 14% compared to the previous year. Earnings Before Interest, Taxation, Depreciation and Amortisation (EBITDA)...

By Moyo Roy | Published: 10 June 2013

ZIMBABWE

ZSE announce Alban Chirume as new CEO

THE hunt for a new Zimbabwe Stock Exchange (ZSE) chief executive officer is set to come to an end with former Securities Commission CE and engineer Alban Dhladhla Chirume being expected to be annou...

By Paul Nare | Published: 10 June 2013

ZSE TODAY

ZSE:- Econet steers Industrials back into the positive territory

There was not even a single share to trade lower on the ZSE on Thursday as Industrials rebounded to winning ways helped by gains in Econet ahead of its February finals and analysts briefing this afte...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

FBC launches CASE 2013 handbook

Following the mini bull run since the beginning of the year, the ZSE is once again the biggest bourse by market capitalisation among the four markets covered by the CASE Handbook, FBC Holdings chair...

By financial express | Published: 10 June 2013

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