CBZ Holdings group has recorded a standstill profit after tax of a meagre 0,8% to $11,95 million in its half-year results ending June 30 2017, with cash and foreign shortages contributing to the slugg...
NON-life insurance companies' profit after tax surged to $3,83 million during the first quarter of 2017 due to a rise in net premium written and reductions in operational expenses.The surge was from a...
AGRIBANK has been honoured with three awards for its outstanding role in upholding financial prudence.The awards were awarded by the Office of the President (OPC) in conjunction with the Ministry of F...
More than 97 percent of loans in the banking sector have been registered with the RBZ's credit registry which went live in May, helping create a database that will enable subscribers to prudently ext...
MASAWARA, a Zimbabwe-focused investment outfit, is banking on timeous disposal of its holding in Ugandan insurance firm, Lion Assurance Company, to defray its US$11 million long-term debt, part of whi...
THE Government will not allow National Blankets to go under liquidation and measures are underway to resuscitate the company, Industry and Commerce Deputy Minister Chiratidzo Mabuwa has said.The Bula...
STUNG by poor cash circulation on the market, Reserve Bank of Zimbabwe (RBZ) is encouraging local manufacturers to sell their produce directly to the market as a way of tapping into the money that is ...
Local firm Life Brand Agriculture Services plans to put 10 000 hectares of rice in Masvingo - a project set to showcase Tokwe-Mukosi Dam's humongous impact on farming.Zimbabwe imports over 95 percent ...
The Government's maize import ban together with a high buying price at the Grain Marketing Board (GMB) has triggered smuggling of grain into the country, it has emerged.In a bid to protect local farme...
ANXIETY is growing among subscribers of the digital television service provided by MultiChoice Zimbabwe as banks throttle payment platforms, especially for non-AC holders.Even independent agents no lo...
TelOne has announced the disruption of its services to its clients in Hillside (Bulawayo), Kezi and the Harare to Norton network from 0000hrs to 0200hrs, 6 August 2017. TelOne provides internet and vo...
Diversification and innovation are the buzzwords for Bulawayo's surviving industries whose resilience in the face of a difficult macro-economic climate deserves applause. While the city has seen a dem...
Econet Wireless Zimbabwe, mobile money service provider, EcoCash has reduced its international ATM withdrawal limits on its MasterCard Debit card to $50 a month, a tell-tale sign that the foreign curr...
THE Agricultural Bank of Zimbabwe (Agribank) is phasing out manual withdrawals to embrace electronic and mobile banking payments.The bank is upgrading its information and communication technology (ICT...
Information and Communication Technology (ICT) minister Supa Mandiwanzira yesterday took a subtle dig at the country's leading telecommunications firm, Econet Zimbabwe, accusing it of exhibiting monop...
CABINET has approved proposals by the Ministry of Industry and Commerce for the Industrial Development Corporation to become an industrial financing entity.The move is part of ongoing measures by Gove...
The government says it has identified two banks which were among several institutions affected by the WannaCry virus global attack from May 12 to 15 that affected a cross section of institutions.Speak...
The takeover of Barclays Bank Zimbabwe by Malawi-based First Merchant Bank has hit a new snag and is under threat from the controversial indigenization policy compelling foreign investment compelling ...
Self-exiled businessman James Makamba (right) has sold his stake in Empowerment Corporation, a 40 percent shareholder in Telecel Zimbabwe to a local consortium for an undisclosed amount.However, with ...
Zimbabwean banks have made $100,59 million profit in the half year to June 30, 2017, representing an increase of 47,99 percent from $67,97 million reported in the corresponding period last year, the c...
Zimbabwe has engaged Brazil to release the second batch of agricultural equipment under the South American country's More Food for Africa Program, an envoy said on Wednesday.Zimbabwe received the firs...
Sunbird Bioenergy Zimbabwe has started conducting a full environmental impact assessment for its $150 million bio-ethanol plant in Mashonaland Central Province.The process is in conformity with the En...
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said on Wednesday it will soon be rolling out a multi-million dollar project under the Universal Services Fund (USF) to prov...
100 tobacco farmers will benefit from the BAT Zimbabwe Tobacco Empowerment Trust which will see indigenous small scale farmers in tobacco regions being capacitated with best agricultural techniques.Th...
Minister of Information and Communication Technology, Postal and Courier Services, Supa Mandiwanzira told a mobile money conference in Harare on Thursday that the Zimbabwe government is eyeing to who...