Bindura Nickel Corporation is targeting a 42 percent increase in nickel production within the next two years as the company intensifies efforts to restart its smelter shut down during the hyperinflati...
The New Limpopo Bridge, one of Zimbabwe's most successful projects under build operate and transfer model, is undergoing extensive facelift ahead of its handover to Government next month. The bridge t...
Listed property concern Mashonaland Holdings says it is considering reviewing rentals for its properties downwards in response to the high default and void rates in sector.Speaking at the Imara Invest...
Listed financial concern Tetrad Holdings Limited posted a staggering loss of $16,2 million for the year ended September 31 2013 weighed down by provisions for the banking division's non-performing loa...
The number of telecash agents and merchants that have signed up with Telecel now stands at more than 3 000, almost double the number that had been registered when telecash was launched at the end of J...
Zimpost has processed transactions worth over $30 million under its Zipcash money transfer facility since it launched the service in October last yearZimpost has processed transactions worth over $30 ...
Government could still effect the ban on the export of unbeneficiated platinum next year when the ultimatum given to miners expires this year, if miners are slow to set up a precious metals refinery.T...
Dairibord Zimbabwe Limited has unveiled a new product line to exploit an opportunity identified in the market and to increase the contribution of non-milk products to the group.The new product called ...
Metallon Gold Zimbabwe is eyeing a potential listing on the Zimbabwe Stock Exchange as part of efforts to comply with the country's indigenisation laws.In a report, the group said it was liaising with...
British American Tobacco Zimbabwe (BAT) said volumes in the first quarter of this year dipped by one percent as compared to last year.Managing director Lovemore Manatsa told journalist at the company'...
Turnall MD John Jere told the AGM today that the cash model adopted by the company in 2014 as opposed to the credit sale model was met with resistance therefore affecting volumes although they firmed ...
BAT performance remained flat with volumes roughly 1% below mainly due to difficult operating conditions, MD Lovemore Manatsa told the AGM today. "In terms of the update comparing with last year ...
Meikles Hotel continues to garner top honours for its 5-satr Harare based property, most recently being named among the coveted 10 Best Luxury Hotels in Africa from luxury travel leaders Amerikanki. T...
Sugar producer Tongaat Hulett says import tariffs introduced in Zimbabwe would benefit sales and prices in the next financial year. The group holds a 50.3% shareholding in Hippo Valley Estates while i...
Global brewer SABMiller says the current economic crisis in Zimbabwe has affected the bottom-line of its subsidiary Delta Corporation. Alan Clark, SABMiller CE said in the year to March 2014 larger vo...
Government has started the securitisation of minerals to secure external loans by directing diamond firms to deposit their gems with the Reserve Bank of Zimbabwe. Mines and Mining Development permanen...
Government's review of the indigenisation and economic empowerment policy to facilitate sector-specific implementation is a major breakthrough as it ensures that Zimbabweans own 100% of their resource...
Tetrad Holdings Limited (Tetrad) has received a $31 million recapitalisation boost from its shareholders.Its chairperson Miccah Moyo said the group recapitalised its subsidiaries with capital injectio...
THE proprietor of Golden Grill Fast Food outlets in Bulawayo, Paul Evans, yesterday said he was an indigenous Zimbabwean who should not be subjected to the requirements of the Indigenisation and Econo...
A third of banks have not yet complied with the Reserve Bank's minimum capital requirements, reflecting the fragility and limited capacity of banks to support efforts to turnaround the economy, a Rese...
ZB Financial Holdings intends to sell its asset management and stockbroking units to focus on core business areas of banking and insurance, a company official has said.Spokesperson Ms Estar Toto last ...
First Mutual Holdings Ltd has come up with measures to mitigate the low uptake of industrial space in its property division as the market suffers under liquidity challenges.The property sector has bee...
Amalgamated Regional Trading Corporation will post a loss for the half to March 31, 2014 after total revenue for the period fell by 8 percent due to depressed consumer demand and liquidity challenges....
Capacity utilisation in the manufacturing sector is expected to decline further this year as firms continue to operate under difficult conditions.Capacity utilisation in the manufacturing sector recor...
TEXTILE firm David Whitehead, is on course for partial re-opening with technicians expected to begin maintenance work at the Chegutu and Kadoma factories next week, an official said."Zesa Holdin...