FINANCIAL SERVICES

Interest-bearing activities boost BancAbc revenues

BancABC, the local unit of African Banking Corporation, is among the top banks that are generating the bulk of their revenue from interest-bearing activities, a survey of financial institutions operat...

By Staff reporter | Published: 27 July 2018

TELECOMS & TECHNOLOGY

Ethiopia stirs MTN, Vodacom interest

Ethiopia, Africa's second most populous country and the continent's fastest growing economy, is inviting big business to cash in.For so long a closed shop, the Horn of Africa nation on Tuesday invited...

By Bloomberg | Published: 07 June 2018

FINANCIAL SERVICES

Interest caps hit POSB income

POSB's net interest income declined by 9,84% to $11,02 million in the financial year ending December 31, 2017, which it blamed on the interest caps put in by the central bank last year.Net interest in...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

'Interest rates drop to maximum 12%'

THE Reserve Bank of Zimbabwe (RBZ) says it continues to engage banks over the cost of borrowing, as directed by Government, but contends that at current prevailing range of 6 and 12 percent; lending r...

By Staff reporter | Published: 16 May 2018

FINANCIAL SERVICES

Banks urged to reduce interest rates

THE Reserve Bank of Zimbabwe (RBZ) was engaging banks to reduce interest rates on loans to stimulate production across various sectors of the economy, Vice-President Constantino Chiwenga has said.Spea...

By Staff reporter | Published: 26 April 2018

BUSINESS NEWS

'Interest in Zimbabwe intensifies'

Zimbabwe is deriving tremendous mileage from Government's ongoing re-engagement drive as interest in the country has intensified across the globe, Foreign Affairs and International Trade Minister Reti...

By Staff reporter | Published: 23 April 2018

BUSINESS NEWS

'National interest comes first'

POLITICAL contestation should never trump the national interest, Foreign Affairs and International Trade Minister Lieutenant General Dr Sibusiso Moyo (Rtd) said as he rallied Zimbabweans to embrace ci...

By Staff reporter | Published: 23 April 2018

TELECOMS & TECHNOLOGY

TelOne cuts interest on bills

STATE-OWNED telecoms operator TelOne has reduced the interest rate it had been charging on outstanding bills for businesses backdating to 2009 to 0,04%, the Zimbabwe National Chamber of Commerce (ZNCC...

By Staff reporter | Published: 18 April 2018

BUSINESS NEWS

Dangote renews interest in Zimbabwe

Nigerian billionaire Mr Aliko Dangote has renewed interest in pursuing his $1,5 billion investment in Zimbabwe and yesterday despatched an advance team comprising geologists.The team will be in Zimbab...

By Staff reporter | Published: 10 April 2018

BUSINESS NEWS

ZITF hotel generates foreign interest

A number of foreign firms have expressed interest to assume the role of transaction advisor to the hotel and convention centre earmarked to be constructed by the Zimbabwe International Trade Fair (ZIT...

By Staff reporter | Published: 09 April 2018

INDUSTRIALS & ENERGY

Financiers interested in Batoka Gorge power project

Zambia and Zimbabwe plan to start construction of a $4 billion power-plant complex that will supply both nations next year.The African Development Bank is advising the Zambezi River Authority on raisi...

By Bloomberg | Published: 29 March 2018

POLITICS

Capital's interest, influence in Zimbabwe's 2018 polls

At the risk of stating the obvious, the "ease of doing business" is an inherently political term. Not merely because President Emmerson Mnangagwa, is using the term in each and every one of his major ...

By Takura Zhangazha | Published: 19 March 2018

MINING & RETAIL

Renewed interest in $1,2bn RioZim project

LISTED resources firm, RioZim, says investors have renewed their interest in the $1,2 billion Sengwa thermal power project, after being scared away by policy somersaults and currency instability, whic...

By Staff reporter | Published: 01 March 2018

BUSINESS NEWS

Investor interest in Zimbabwe is still high

Mines and Mining Development Minister Winston Chitando told The Sunday Mail Business that a stable operating environment has provided better opportunities for planning and execution of mining projects...

By Staff reporter | Published: 25 February 2018

BUSINESS NEWS

Lending rate restricted money market interest rates

Average interest rates for money market investments were restricted by bank lending rates that ranged from between six percent and 12 percent in 2017, Old Mutual Securities (Omsec) has said. In their ...

By Staff reporter | Published: 08 February 2018

BUSINESS NEWS

Mnangagwa son in-law's business interests

There is a man right here in Zimbabwe who happens to be a seasoned lawyer, major shareholder in one of the telecommunications companies and son in law to a prominent politician in Zimbabwe. All this i...

By Staff reporter | Published: 30 January 2018

BUSINESS NEWS

Council scraps interest on debts

THE Bulawayo City Council (BCC) has scrapped interest on ratepayers who make a payment plan to clear their arrears amid reports the local authority is owed more than $169 million by ratepayers.Latest ...

By Staff reporter | Published: 09 January 2018

INDUSTRIALS & ENERGY

Lafarge still interested in PPC stake

LafargeHolcim says talks to acquire a stake in cement maker PPC are still ongoing after announcing interest in the cement company in October.In October, PPC Limited received an expression of interest ...

By Staff reporter | Published: 03 December 2017

ANNOUNCEMENTS

PPC.zw | Non-Binding Expression of Interest from LagargeHolcim

Shareholders of PPC ("Shareholders") are referred to announcements published on the Stock Exchange News Service ("SENS") by PPC on 4 September 2017 and 3 October 2017 that PPC had received credible in...

By PPC | Published: 29 November 2017

ANNOUNCEMENTS

PPC.zw | Disclosure of Beneficial Interests in Securities

Details:In terms of paragraph 3.83(b) of the JSE Listings Requirements and section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, shareholders are advised that the Company has received fo...

By PPC | Published: 29 November 2017

ANNOUNCEMENTS

PPC.zw | Disclosure of Beneficial Interests in Securities

Details:In terms of paragraph 3.83(b) of the JSE Listings Requirements and section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, shareholders are advised that the Company has received fo...

By PPC | Published: 29 November 2017

ANNOUNCEMENTS

PPC.zw | H4 Collective Investments beneficial interest

Details:In terms of paragraph 3.83(b) of the JSE Listings Requirements and section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, shareholders are advised that the Company has received fo...

By PPC | Published: 16 October 2017

ANNOUNCEMENTS

PPC.zw | Prudential Investment Managers beneficial interest

Details:In terms of paragraph 3.83(b) of the JSE Listings Requirements and section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, shareholders are advised that the Company has received fo...

By PPC | Published: 16 October 2017

LANDS & AGRICULTURE

Farmers get $100m interest-free loans from China

A CHINESE company, Tian Ze Tobacco has since 2005 invested about $100 million in Zimbabwe's agricultural sector through providing interest-free loans to local farmers.Chinese Ambassador to Zimbabwe Mr...

By Staff reporter | Published: 14 September 2017

AFRICA BUSINESS

SA expected to cut interest rates to 6.50%

South Africa's central bank is expected to cut its benchmark interest rate by another 25 basis points next week, taking it to 6,50 percent, as inflation is considered likely to moderate, a Reuters pol...

By Reuters | Published: 14 September 2017
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