Zimbabwe's largest platinum miner, Zimplats Ltd recorded a 76 percent growth in operating profit for the quarter ended March 2014 compared to a three months period ended December last year due to impr...
CBZ Holdings has said plans to raise $200 million through a Diaspora Bond are at an advanced stage after the group successfully paid out the maturity on the first bond of $68 million. Incoming chief e...
The Postal and Telecommunications Regulatory Authority of Zimbabwe's plans to roll out $62 million worth of infrastructure projects this year have been seriously hamstrung by a drastic drop in revenue...
South Africa-based Aquarius Platinum's Zimbabwean subsidiary, Mimosa Mining Company's revenue increased by 1 percent for the quarter ended March 2014 due to below budget metal recoveries and power ou...
Alpha Omega Dairy will soon start exporting its products to Angola and Zambia while plans are advanced to introduce new products.In an interview at the Zimbabwe International Trade Fair, Alpha Omega D...
ZIMBABWE's mineral income for the first quarter of this year dropped 15,4 percent amid volatile international prices, figures from Mines and Mining Development show.The statistics, however, exclude di...
AfrAsia Bank Limited is caught in the centre of stormy allegations by workers who claim that management wrote off thousands of dollars worth of their personal loans and presented them in the books as ...
The Ministry of Industry and Commerce board is still discussing strategies to revive Zimbabwe's sole flint glass manufacturing company, Zimbabwe Glass Industries Limited (Zimglass).Industry and Commer...
Tobacco sales recorded a 5 percent increase raking in close to $320 million compared to $303 million sold during the same period last year.According to latest figures from the Tobacco Industry and Mar...
Local platinum producer Mimosa mine's output in the third quarter to March 31, 2014 declined 7 percent to 51 907 ounces from 58 586oz in the previous quarter.The latest quarter output was, however, on...
Telecel Zimbabwe's parent company VimpelCom Ltd has appointed two new directors on its board, Hamid Akhavan and Andrei Gusev.The duo replaces Sergei Tesliuk and Andrei Baranov, respectively.The compan...
Zimbabwe is unlikely to meet the June 2015 international digital migration deadline set by the International Telecommunications Union (ITU) due to lack of funding and a coordinated approach, a telecom...
Motec Holdings, has its subsidiary, Deven Engineering, up for sale as it seeks to mobilise capital to enable its parent company, the Industrial Development Corporation (IDC), to effectively execute it...
Tetrad Investment Bank could finally have got the Reserve Bank of Zimbabwe off its back after completing a deal to bring in an investor.Tetrad was one of the seven banks that were being monitored by t...
Pan-African telecoms operator, Gondwana International Networks has announced that it has signed a new contract with Avanti Communications which will see the latter deploy both broadband and VOIP servi...
INDUSTRY and Commerce minister Mike Bimha says Bulawayo industries are top priority to benefit from a $100 million credit facility extended to Zimbabwe by the Indian government.The Zimbabwe government...
Zimbabwe's agriculture will recover by 7,3 percent this year, the World Bank has said in its latest country report.It said after a poor 2012\13 season, agriculture is expected to rebound largely on th...
Kwekwe-based ZimChem Refiners Private Limited has started producing stone pre-coat oil, which the country has been importing from other countries.In an interview at the just-ended Zimbabwe Internation...
Rwanda's national airline, RwandAir could be the latest airline to fly into Harare as the country continues with efforts to woo more airlines into the country. Civil Aviation Authority of Zimbabwe chi...
Zimbabwe-focused investment company Cambria Africa is prepared to offload its hotel property, Leopard Rock, which is located in Vumba in the Eastern highlands of the country. According to an e-mail st...
Government will not issue permits for chrome ore exports as its focus is currently on value addition and beneficiation of minerals, Mines and Mining Development Deputy Minister Fred Moyo said. Deputy ...
Embattled national airline, Air Zimbabwe is faced with a potentially crippling skills flight of key aircraft technicians, engineers and pilots.Impeccable sources at the airline said regional and inte...
Combative workers union, The Zimbabwe Allied Bankers and Workers Union (Zibawu) is spiritedly campaigning for the voluntary resignation of Infrastructure Development Bank Zimbabwe (IDBZ) chief execut...
Anglo-American Platinum Limited (Amplats) says its Zimbabwean unit, Unki Mine, which recorded a 4 percent increase in production, helped to cushion losses incurred in the South African mines whose ope...
Cement manufacturer PPC said today that it is likely to post higher profits in the six months to March 2014. In a trading update, PPC said this is attributable to "non-recurring accounting items."The ...