The Timber Producers Federation (TPF) is expanding by launching the Timber Producers Association (TPA) which will represent the interests of workers in the timber industry.According to a TPF official,...
Zimbabwe Stock Exchange-listed cable manufacturer Cafca's revenue for the six months period ended March 31, 2014 was up 21 percent to $10 million as the company benefited from a change in strategy to ...
The slowdown in economic activity, largely typified by deflation has forced banks to take a cautious approach to lending by downsizing credit to the private sector, the Bankers Association (BAZ) has s...
Essar Holdings director for Africa Firdhose Coovadia said New Zim Steel targets to produce international standard quality steel products as it eyes to capture the export market.This follows indication...
Trust Banking Corporation has hauled the Reserve Bank of Zimbabwe to the administrative court to contest the decision to cancel its banking licence, it has emerged. The central bank in December cancel...
Investment intelligence company, Edison Independent Investment Research, has upgraded its valuation of Mwana Africa on the back of better production at units Freda Rebecca and Bindura Nickel Corporati...
Hwange Colliery Company Limited has denied that it retrenched its workforce that took the company for arbitration seeking to recover severance packages amounting to more than $1,2 million. About 16 wo...
Zimbabwe's cotton production is estimated to increase by 31 percent this year due to the good rains received in most parts of the country, the growers' association said yesterday. Output for the seaso...
RioZim Limited has floated a tender, seeking bids for contract mining at its Cam and Motor gold mine in Kadoka. "Tenders are invited from suitable and interested bidders from suitable and interested b...
Virginia tobacco sales have topped the $400 million mark with at least $420,6 million having been sold so far under both the auction and contract systems, representing an 8 percent increase from the $...
The Victoria Falls Safari Lodge, the flag ship of Africa Albida Tourism in Zimbabwe, says it will not renew its 20-year-old marketing and technical services agreement with Three Cities which expires n...
Telecel has introduced a video calling service that allows prepaid subscribers with video calling capable handsets to make video calls to other prepaid Telecel subscribers.Video calling, which is avai...
Cimas Medical Aid Society's revenue for the year ended 31 December 2013 surpassed the $100 million mark to reach $110,4 million, an increase of 12,7 percent over the 2012 figure of $98 million.The soc...
The Meikles group has sent one of its directors and senior manager for TM Supermarkets, Bisset Chimhini on suspension pending disciplinary hearing for violating procurement procedures. Chimhini, ...
Mobile communications behemoth, Econet Wireless Zimbabwe says it will soon diversify into road construction, in a bid to improve communication channels and support to the community, its chief executiv...
Zimbabwe is courting China to upgrade the Preferred Destination Agreement (PDA) to a Memorandum of Understanding (MoU) before year end to ensure that the Asian country fulfill its pledge to make Zimba...
Makaziwe Mandela, the eldest daughter of the late South Africa president Nelson Mandela has resigned from Steward Bank's Board after being nominated to sit on the board in July 2012 after Strive Masiy...
Meikles Limited's retail arm, Meikles Mega Market intends to make forays into the lower end of the market by setting up 8 additional retail branches across all cities in the country. The retail unit ...
Finance Minister Patrick Chinamasa has instructed Agribank to first seek local partners to recapitalise the bank before considering bringing in foreign investors. Agribank CE Sam Malaba said the...
Steward Bank last week launched a suite of innovative Diaspora Banking products targeted at Zimbabweans living, working or studying abroad. The product suite was unveiled by Steward Bank CE Kwanele Ng...
CBZ Holdings has begun work on the $18 million housing project in Gweru. Laura Gwatiringa the group executive Marketing said the first phase which involved putting up the sewer system, water reticulat...
Government will set up a $100 million credit facility for small scale miners to support them with equipment and expertise to improve viability. Mines Minister Walter Chidhakwa said the facility is als...
The Diamond Technology Centre in Mt Hampden is set to open in June. Chair of the centre, Lovemore Kurotwi, said that "the country is set to benefit immensely from the project with the creation of 100 ...
Government has gazetted regulations empowering local diamond companies to grade, cut, polish, crush and process the stones as well as sell them to international buyers. This is in line with the Minera...
Tobacco sales have continued to increase since the beginning of the marketing season inching close to the $400 million dollar mark as the country's 180 million kg target draws closer.According to figu...