Zimbabwe's retailers are facing a new threat as some companies in the fast-moving consumer goods (FMCG) sector are pushing their products on the streets, bypassing supermarkets and wholesalers in sear...
The Insurance and Pensions Commission (Ipec) has approved the liquidation of Allied Banking Group Pension Fund, after it found it practicable to bring the fund into sound financial position.The liquid...
THE Bulawayo City Council has rejected a bid by FBC Building Society, which sought a joint partnership in developing 517 high density residential stands in Luveve suburb.Following an engagement over t...
WOMEN Affairs, Gender and Community Development Minister Nyasha Chikwinya has said the much awaited Women's Bank will open for business by September this year.Mooted some years ago, the bank has taken...
REVENUE from mining royalties has, in the first half of 2017, gone up by 22.84 percent to $34.27 million against a target of $27.9 million, buoyed by rising gold and platinum output.During the period ...
ZAMBEZI Gas has increased coal output to 40 000 tonnes per month compared to 10 000 tonnes the colliery was producing when it started full-scale production last year.The Matabeleland North-based compa...
ONE of the leading tour operators in Victoria Falls, Wild Horizons, says it is enjoying a new lease of life in business on the back of increasing demand for its services.The commissioning of the $150 ...
Zimbabwe will soon unveil a national tourism master plan (NTMP) which will be hinged on promoting domestic travel and focusing on establishing an initial 11 tourism development zones (TDZs) across the...
ZIMBABWE'S largest gold mining group, Metallon Gold is targeting to increase its gold production by 20% by year-end driven by increased capacity utilisation, a company official has said.The company pr...
The recently-commissioned $150 million Victoria Falls International Airport has spurred brisk tourism business in the resort town.This comes after Kenya Airways and Ethiopian Airways - in April - intr...
FIVE former National Railways of Zimbabwe (NRZ) workers have sued their ex-employer over a total of over $93 500 owed to them in salaries and benefits.The five - Oliver Nkomo, Gilbert Chiwaura, Elliah...
COMMUNAL farmers in rural areas are reportedly being ripped off by middlemen, who armtwist them into selling a tonne of maize for less than $200, only for them to resell it at the Grain Marketing Boar...
THE National Railways of Zimbabwe (NRZ) lost wagons worth about $1,6 million in two fire incidents yesterday and on Thursday night.The Bulawayo Fire Brigade Chief Fire Officer, Mr Richard Petersen, co...
Metallon Gold Zimbabwe (Pvt) Ltd, owners of How Mine near Bulawayo and other gold mines in the country, has been taken to court on allegations of externalising more than $30 million.Preminent South A...
An internal audit centred on whether CFI Holdings deputy chief executive Shingirayi Chibhanguza, who represents the interest of Nicholas Van Hoogstraten in the group, could have misused US$200 000 in ...
GOVERNMENT is facing a fiscal meltdown triggered by excessive borrowing that has crowded out private sector lending, while destabilising the banking sector at the same time, it has been established.Zi...
Zimbabwean banks are seeing their profits skyrocket despite the tough operating environment, making more money from trading and mostly electronic transactions, financial research firm Equity Axis has ...
British diplomats in Harare have privately expressed serious concerns over Zimbabwe's plans to mortgage gold reserves to guarantee a syndicated long-term loan arranged by the African Export and Import...
The Bulawayo City Council (BCC) has entered into a partnership with a local bank to develop medium density residential stands in Mahatshula West in a bid to ease the city's housing backlog, currentl...
Harare City Council is concerned with the low uptake of houses at the Budiriro CABS Housing Scheme and is now considering leasing the houses after only 800 out of 2 879 were occupied even after scrapp...
TOURISM minister Walter Mzembi wants Treasury to allocate 1% - about $41 million - of the government's budget to his ministry to create a development fund and market the country.This comes as Mzembi l...
THE National Building Society (NBS) is set to construct more than 14 600 low cost houses in Bulawayo and Harare, as part of its efforts to reduce the country's over 1,25 million housing backlog, an of...
The company is completely de-capitalised. Every unit has a working capital deficit. This is clear from the financials. This, in my view, clearly shows he doesn't know how to run a business of this mag...
PROTON Bakers has introduced a new product on the market as a way to satisfy customer needs and offer them value for their money.has introduced a new product on the market as a way to satisfy customer...
ZIMBABWEAN banks face insolvency due to a growing portfolio of Treasury bills (T-bills) and electronic funds transfers unsupported by cash reserves, the International Monetary Fund (IMF) has warned.T-...