Another mega deal signed between Zimbabwe and China in 2015 has been actualised, with Baic Automotive Group releasing US$20 million for recapitalisation of bus manufacturer AVM Africa. The deal is am...
Zimbabwean diamond cutting and polishing companies are struggling to absorb the mandated 10% market share set aside by government to encourage growth and development of the downstream industries, an ...
Local fuel dealer, Sakunda Energy, says it is targeting to increase its funding for maize production under the command agriculture scheme to cover at least three million hectares next season.Vice-Pre...
Over 1 000 tonnes of maize from the 2016/17 agricultural season had been delivered to the Grain Marketing Board (GMB) by April this year, the state's grain procurer said.Speaking at the maize value c...
AFRICAN Sun-owned Amber Hotel Mutare was recently rebranded to Holiday Inn Mutare in a move that is likely to bring competitiveness in the hospitality sector in Manicaland Province, with owners forkin...
NetOne says its ambitious Basa Sebasa project rolled out in Harare last month to expand the mobile network provider's subscriber base and has now cascaded to all provinces has started paying dividend...
The government has embarked on a programme to computerise mining title systems in a move aimed at ending the practice of double allocation of mining claims while facilitating the smooth implementation...
The Civil Aviation Authority of Zimbabwe (CAAZ) is finalising the financing model for the US$153 million upgrading of Harare International Airport to pave way for the resumption of civil works.The exp...
The government is on the verge of striking a deal with some foreign investors that will see the revival of Ziscosteel.Addressing delegates during a Round Table Ministerial Conference in Bulawayo, the ...
Insurance companies have been directed to comply with new minimum capital requirements by year end as part of efforts to increase business confidence within the sector.This emerged at the Insurance In...
Standard Chartered Goal Programme hosted a two-day summit titled Beyond Girls' Education Global Summit 2017. The summit agenda highlighted the best practises and opportunities to support adolescent gi...
DOVES Funeral Services has accused leading telecommunications companies of creating unfair competition by deviating from their core mandate into the provision of funeral insurance.According to NewZim...
The $250 million Dema Power Plant - set up to provide emergency power in the wake of electricity shortages due to low water levels in Kariba Dam - has been mothballed on the back of fuel challenges, i...
EYEBROWS have been raised over the experience and capacity of Diaspora Infrastructure Development Group (Pvt) Ltd (DIDG), which is partnering South Africa's Transnet in a joint bid for the National Ra...
THE government has revised downwards its gold production target of 28 tonnes to 24,5 tonnes for this year due to loss of production in January and February largely as a result of heavy rains that floo...
The country's sole fixed telephone operator, TelOne is currently in the process of digitalizing its network, in a move that will unlock new capacity as well as introduce more technologies and increase...
Zimbabwe's financial sector growth is anticipated to slow down to 1,7 percent after bankers smiled all the way to the bank and recorded a 42 percent profit surge last year, data from the World Bank sh...
The board announces the appointment of Mr. Noah Manomano Matimba as Chairman of CBZ Holdings Board with effect from 18 July 2017. Matimba, an accountant by training, holds amongst other qualifications...
ONE of the bidders for the National Railways of Zimbabwe (NRZ) recapitalisation programme has pledged to secure up to $2.5 billion towards turning around the parastatal.NRZ board chairman, Mr Larry Ma...
ZIMBABWE'S total mineral export earnings in the first half of the year have exceeded the $1 billion mark as Government and miners move to grow the sector from a $2 billion to a $3 billion a year expo...
When Zimre Holdings Ltd (ZHL)'s Stalap Investments announced its offer to buy out CFI minorities last Friday, an all-out war between British tycoon Nicholas Van Hoogstraten and the Rudland brothers - ...
The ICERTIAS Best Buy Award 2017/2018 survey has shown that Zimbabwe citizens recognise the companies and brands that offer the best price-quality ratio, with the likes of Toyota, Dairibord, OK, KDV, ...
PREMIER Medical Aid Society (PSMAS) paid its directors a combined $602 000 last year, making its board better remunerated than listed heavyweights such as Delta Corporation, OK Zimbabwe and Innscor Af...
THE value of Treasury Bills (TBs) has outstripped bank equity capital by 1,7 times, a new report indicated this week, raising questions over the financial sector's ability to continue absorbing the pa...
AIR Zimbabwe (AirZim) is expected to launch a recruitment drive to replace staff retrenched a fortnight ago, sources said this week.The airline retrenched 200 of its staff two weeks ago under a restru...