At the scheme meeting held today, Friday 24 January 2014, a decision was made to postpone the Scheme of Arrangement to restructure the Company's liabilities to banks and other creditors.The Scheme of...
ART Holdings Limited announced the appointment of Mr. Moses Chundu as a Non-Executive Director with effect from 1 January 2014. Mr. Chundu is a holder of an MSc Economics and BSc Economics (Hon) degre...
Innscor Africa Limited's shareholders approved the company's Indigenisation Implementation Plan at an EGM held earlier today.Group Chief Executive John Koumides told the meeting that in order for the ...
Distressd Gulliver Consolidated Limited (Gulliver) seeks investors to help turn around its waning fortunes.The industrial and engineering group - delisted from the Zimbabwe Stock Exchange in July last...
The People's Republic of China is the best export destination for Zimbabwean tobacco for the fourth year running. Tobacco exports to China increased by 10% to 60.3 million kg last year while its marke...
Government is drafting a Statutory Instrument (SI) to guide contract farming and encourages farmers to switch to the arrangement.Farmers are in a dilemma due to lack of funding.Agriculture, Mechanisat...
LOCAL beverages manufacturer Schweppes Zimbabwe plans to export some of its products into the Southern African Development Community. Schweppes marketing and public affairs executive Ms Unaiswi Nleya ...
NO individuals shall hold more than 10 percent shareholding in a banking institution or it's controlling company, according to proposed draft amendments to the Banking Act. Currently, the limitation o...
SUGAR processor Starafrica corporation says it will resume sugar refining operations in Harare in May this year after the commissioning of its Gold Star Sugar Harare plant.In a statement, the firm sai...
The lack of affordable mortgage finance has made properties in Zimbabwe more expensive than most countries in the region exacerbated by high country risk, the Estate Agents Council of Zimbabwe says.EA...
ZIMBABWE'S Internet connectivity continues to soar with latest statistics from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) indicating a significant increase in the mont...
TM Supermarkets will this year invest $10 million to expand and give its retail outlets a face lift as the group positions to grow market share. Managing director Dave Mills said the company is workin...
Botswana-listed, pan-African financial services group IMARA with interests in Zimbabwe has acquired a 49% stake in a joint venture with Equity Capital Resources Plc, a Zambian based asset management ...
TRUST Bank Corporation (TBC) got a lifeline yesterday after the High Court granted the institution three weeks to submit an opposing affidavit against the proposed liquidation.The reprieve came as th...
POWER utility Zesa Holdings has secured an additional $35 million from regional bank, African Export and Import Bank, to complete the installation of prepaid meters across the country.Zesa Holdings sp...
THE Zimbabwe Mining Development Corporation is looking at raising $20 million through a joint venture partnership with a yet to be identified investor in order to resuscitate Elvington Gold Mine in Ch...
FINANCE and Economic Development Minister Patrick Chinamasa yesterday said local financial institutions were in a sound state despite the liquidity crunch that has affected some of the banks.Minister ...
ALL public sector workers - including teachers, nurses, police officers and soldiers - may go without medical aid as the government has yet to renew the operating licence for Premier Service Medical A...
The Zimbabwe Tourism Authority (ZTA) has struck a deal with South Africa Airways (SAA) which will see the airline facilitating travel arrangements for tour operators and journalists to promote the loc...
The local pharmaceuticals industry is optimistic that the proposed reduction of duty on raw materials as outlined in the 2014 national budget will be implemented, thereby aiding the recovery of the se...
The Agricultural and Rural Development Authority (ARDA) says work on the second phase of the multi-million dollar Chisumbanje ethanol project has resumed with an investment of $260 million.The multi-m...
A 12-member tourism delegation from the United Kingdom is in the country to try and restore confidence of western tourists on Zimbabwe as a tourist destination.The delegation, which consists of tour o...
Zimbabwe Stock Exchange listed grain processor, National Foods, yesterday reopened its Mutare Maize mill to complement operations at the Harare and Bulawayo plants in order to meet increased demand.T...
Zimbabwe's sole landline network operator, TelOne, says it collected $90 million out of a targeted $300 million last year under its debt recovery programme.Prior and following the introduction of the ...
Vunani Property Investment Fund (VPIF), an office dominated JSE-listed property fund announced that both its unitholders and board have approved the sale of the asset management business from Vunani P...