The country's property sector continued to be depressed in the first quarter as the effects of the liquidity crunch continue to bear down on prices and the quality of tenants.However, the situation is...
By Staff reporter | Published: 06 May 2014
Listed bricks manufacturer Willdale Limited's shareholders unanimously approved a capital raising initiative of $3,25 million through a rights issue of preference shares at an EGM this morning.The sha...
By Staff reporter | Published: 06 May 2014
Econet Wireless CE Douglas Mboweni told an analyst briefing yesterday that the group's future lies in broadband and overlay services (Ecocash) after recording a rare decline in revenue from the mainst...
By Staff reporter | Published: 06 May 2014
Steward Bank, the wholly-owned subsidiary of Econet Wireless Zimbabwe, posted a loss of $26.3 million as the company continues restructuring away from traditional banking to focus on services related ...
By Staff reporter | Published: 06 May 2014
Integrated financial services group Zimre Holdings Limited (ZHL) has recorded a profit before tax of $2,7 million in 2013, which is 40% less than the $4,4m it recorded in 2012.In its latest financial ...
By Staff reporter | Published: 06 May 2014
London Stock Exchange listed multi-commodity exploration and development firm, Premier African Minerals Limited has announced a significant increase in contained tungsten metal deposits at its flagshi...
By Staff reporter | Published: 06 May 2014
Clothes manufacturer and retailer Edgars says its targeting over 70 000 account holders in their renewed push for brand loyalty. This follows the successful re-launch of the Edgars Club loyalty progra...
By Staff reporter | Published: 06 May 2014
London Stock Exchange listed commodity firm Premier African Minerals is in the process of securing debt finance for its tungsten mining project situated in the Kamativi tin belt in Matebeleland. The p...
By Staff reporter | Published: 06 May 2014
Treasury has availed $5 million capital to the Ministry of Mines and Mining Development to enable the Mining Promotion Corporation to start operations. The newly formed MPC will ensure an increase in ...
By Staff reporter | Published: 06 May 2014
ZIMBABWE's captains of industry and commerce are this week set to meet their European Union counterparts in South Africa as part of efforts to attract foreign direct investment into the country.Confed...
By Staff reporter | Published: 06 May 2014
Industrial Development Corporation of Zimbabwe (IDCZ) has put its subsidiary Amtec Private Limited, up for sale.The Board of Motec Holdings, a subsidiary of IDC yesterday invited potential local and f...
By Staff reporter | Published: 06 May 2014
Zimbabwe's diamond output from the Marange fields is expected to decline to 12 million carats this year, according to diamond analysts Rapaport. That would be a 9,7 percent decline as the country is e...
By Staff reporter | Published: 05 May 2014
Econet Wireless will pay a dividend of 1.29 cents per share to its 9000-plus shareholders for the first time in more than three years.The company, which has paid out more than $900million to the gove...
By Staff reporter | Published: 05 May 2014
Zimplow Holdings Limited is at an advanced stage of disposing some of its non-core assets in order to reduce its current borrowings, group CEO Zondi Kumwenda told an AGM earlier today."It remains the ...
By Staff reporter | Published: 05 May 2014
CBZ Holdings is targeting a 15% growth in the bank's total deposits for the 2014 full financial year, newly appointed group CE Never Nyemudzo told the AGM on Wednesday. "Our forecast into the rem...
By Staff reporter | Published: 05 May 2014
MEIKLES Limited on Friday announced the departure of TM Supermarkets Managing Director Dave Mill from the group in what they termed at "pre-retirement leave with immediate effect".However, information...
By Business Reporter | Published: 05 May 2014
NETONE is working on an expansion programme to open more base stations in Matabeleland to reduce network congestion. The move is also meant to grow the market base of the telecommunications company. I...
By Staff reporter | Published: 05 May 2014
Bindura Nickel Corporation is weighing options on the possibility of resuscitating Shangani Mine, but the eventual decision depends largely on nickel prices as the mine's deposits are low grade.Managi...
By Golden Sibanda | Published: 05 May 2014
Finance and Economic Development Minister Patrick Chinamasa says he has found common ground with financial institutions with regards to the proposed amendments to the Banking Act.This was after Minist...
By Staff reporter | Published: 05 May 2014
Zimplow Holdings' performance in the quarter to March 2014 was mixed with profitability negatively affected by the downturn in its units, Barzem and CT Bolts.Speaking at the company's Annual General M...
By Staff reporter | Published: 05 May 2014
THE National Social Security Authority has cleared the last hurdle in its quest to legalise the use of Beitbridge Hotel following the dismissal of a $1,7 million claim by an architect who sued the aut...
By Conrad Mwanawashe | Published: 05 May 2014
THE Infrastructure Development Bank of Zimbabwe has secured a $10 million loan from the Industrial Development Corporation of South Africa for on lending to tourism operators.Disbursement to successfu...
By Martin Kadzere | Published: 05 May 2014
Agribank chief executive Mr Sam Malaba has taken over the reins as Bankers Association of Zimbabwe president after the expiry of outgoing president and Barclays Bank Zimbabwe managing director Mr Geor...
By Staff reporter | Published: 05 May 2014
THE Infrastructure Development Bank of Zimbabwe intends to float a $100 million bond for housing development, chief executive Mr Charles Chikaura has said.IDBZ has acquired "sizeable" pieces of land i...
By Staff reporter | Published: 05 May 2014
KWEKWE based dairy concern, Dendairy is planning to start exporting into the region after it received necessary regulatory approvals. The dairy company obtained export licence from the Ministry of Ind...
By Tinashe Makichi | Published: 05 May 2014
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
