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FINANCIAL SERVICES

Government cedes 49% in Agribank

The government has approved the disposal of a 49% stake in Agribank, paving the way for private investors to inject fresh capital.In a move expected to result in Agribank increasing its capital leve...

By Business reporter | Published: 10 June 2013

ZSE TODAY

Delta drags Industrials further down amid renewed interest in selected blue chips

A 4% loss in Delta dragged the Industrials further down on Tuesday despite renewed interest in selected heavyweights.The Industrials Index lost 0.44 points or 0.24% to 185.37 while the Minings Index...

By Business reporter | Published: 10 June 2013

MIDDLE EAST

Emirates SkyCargo Named Air Cargo Carrier of the Year 2012

HARARE - SkyCargo, the freight division of Emirates, one of the world's fastest growing airlines, has been named Global Cargo Airline of the Year, by The STAT Trade Times, organisers of the Air Carg...

By Ndou Paul | Published: 10 June 2013

TRANSPORT & TOURISM

AirZim still riddled with financial challenges

Air Zimbabwe Acting Chief Executive Officer Innocent Mavhunga says his company is still riddled with financial challenges and will continue staggering its workers’ salaries.The national airline, w...

By Staff Reporter | Published: 10 June 2013

ZSE TODAY

ZSE Market Report:- Innscor drags Industrials lower at week's opening

Innscor's consecutive loss of another 4.99c to 90c further weakened the Industrials at week's opening albeit gains being recorded in Econet and BAT.The Industrials Index lost 0.79 points or 0.42% to...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Dubai group to build 5-star hotel in Zimbabwe

Dubai based property firm Joz Group plans to build a multi-million dollar 5-star hotel in Zimbabwe. Muhammad Nabeel, Joz's CEO, was recently in Harare scouting for site to build the hotel. Sources c...

By Staff reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Knight Frank set to refurbish Bulawayo Centre

Knight Frank an international property management firm that oversees Bulawayo Centre shopping mall, plans to embark on the second phase of the mall at an estimated cost of $10 mln. The second phase,...

By Staff Reporter | Published: 10 June 2013

POLITICS

'We are confident about the future of Zimbabwe' says China

CHINESE Commerce Minister Chen Deming has pledged his country's commitment to invest in capital projects in Zimbabwe and help the country address its infrastructural problems relating to roads, wate...

By Staff Reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Dairibord relocating equipment from its Bulawayo factory to other cities

ONE of the country's biggest manufacturer and marketer of food and beverage products Dairibord Holdings Limited is relocating equipment from its Bulawayo factory to other cities citing viability cha...

By Stff reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Businessman sues Innscor for US$1,5m

Diversified Zimbabwe Stock Exchange-listed concern Innscor Africa looks headed for a showdown with an indigenous businessman who has slapped its associate company and four of its directors with a US...

By Staff Reporter | Published: 10 June 2013

FINANCIAL SERVICES

Zim banking sector set for major reforms

Zimbabwe's banking industry is set for major reforms in line with new banking regulations that are expected to be operational next month.In terms of amendments to the Banking Act, shareholders of fi...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

'Come to build your own industries and revive the economy' of the city, BYO youth urged

YOUTH Development, Indiginisation and Empowerment Minister Saviour Kasukuwere has implored Bulawayo youths to take the city's economy back to its feet.Addressing youths during the handover of the c...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Goche appoints new board for Air Zimbabwe

Transport, Communication and Infrastructural Development Minister Nicholas Goche has appointed a new board for Air Zimbabwe.The new board has been tasked with coming up with innovative ways to reviv...

By Staff Reporter | Published: 10 June 2013

ZSE TODAY

ZSE Market Report:- Innscor snaps Industrials' 3 day rising streak

There were only 3 counters to trade lower on Friday but Innscor's 5% fall managed to cancel out gains in 10 other counters including another heavyweight Econet, snapping the Industrials' 3 day risin...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Insurance workers gets a 34% pay hike

THE least paid workers in the insurance sector have been awarded a 34 percent salary hike for the period January to December 2013, after a compromise agreement that will see the lowest paid worker g...

By Business Reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials rises for 3rd straight session as Minings remain strained

ZSE's Industrials rose for the third consecutive day on Thursday helped by strong performance in Econet and BAT while the resources sector remained strained.The Industrials Index added 0.34 points o...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Cafca turnover up 14% in 4 months to January

Cafca's four months to January turnover is up 14%, managing director Rob Webster told the AGM this afternoon. He also said margins for the period are down as they are selling more aluminum tha...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Pastel launches cloud computing for small businesses in Zimbabwe

Pastel Software Zimbabwe will on March 12 launch Sage Pastel My Business Online, a cloud based accounting programme designed for start-up and small businesses that enables them to do their accounts ...

By Chengetayi Chinembiri | Published: 10 June 2013

FINANCIAL SERVICES

Aon to exit Zimbabwe after 66 years

Aon Plc, the world's second-largest insurance broker by market value, agreed to sell Aon Zimbabwe after the unit's license was revoked by the the Zimbabwean authorities.Aon Zimbabwe has been operati...

By Business reporter | Published: 10 June 2013

PEOPLE MOVES

Econet appoints EcoCash CEO

Econet has appointed Cuthbert Tembedza as chief executive solely for EcoCash, indicating growing confidence in the mobile money transfer business. Tembedza, who has been with the mobile network oper...

By Staff reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Zimplow expecting lower profits

THE Zimbabwe Stock Exchange-listed Zimplow has issued a profit warning advising that its results for the year ending 31 December 2012 would be lower than those achieved the previous year. Company se...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Stanbic Bank sign up to EcoCash

Econet Wireless has announced that Stanbic Bank is now offering its customers full access to EcoCash.Stanbic Bank becomes the first international bank in the country to get connected to EcoCash. Th...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials advances to record levels on renewed interest in blue chips

Renewed interest in ZSE's heavily capitalised counters saw the Industrials advance for the second straight session to hit a new record level while the resources sector remained largely inactive.The ...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel offers contract packages with bonus benefits

Telecel has introduced a new fixed payment platform and is offering existing and potential customers new attractive fixed payment contract packages that allow unlimited local calls and bonus text me...

By Staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe readies for Airbus flights

AIR Zimbabwe has engaged South African Airways (SAA) to carry out some maintenance check on one of its Airbus aircraft as the airline readies itself to re-launch regional and international flights n...

By Staff reporter | Published: 10 June 2013

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