Moira Kambanje, 66, can now receive money from her daughter in South Africa, buy groceries, pay bills and also send money to her other child at a local university.She does this without even visiting t...
The Zimbabwe Mining Development Corporation (ZMDC) has secured a foreign investor willing to inject $100 million in capital to revive the defunct Kamativi tin mine (Kamativi), deputy Mines minister Fr...
Tourism operators in Victoria Falls are prepared to defend themselves in courts over non-payment of rates after the resort town's local authority increased them by an astronomical 650 percent, Zimbabw...
Former Lobels chief executive - Ngoni Mazango - has joined rivals Innscor Africa Limited (Innscor) as chief operating officer for its bakery division, Business Live has established.Mazango, a seasoned...
Murowa Diamonds (Murowa) is expected to resume full scale mining operations in a few weeks' time after it has finalised contracts of companies subcontracted to do work at the mine, deputy Mines minist...
Beverages manufacturer Delta Corporation, (Delta), plans to spend nearly $50 million in capital projects aimed at buttressing its operating capacity.Matts Valela, Delta financial director told busines...
London Stock Exchange-listed low-cost airline Fastjet has embarked on a recruitment drive as the company moves to establish operations in Zimbabwe."We are growing quickly and are on the lookout for ta...
Zimbabwe tobacco farmers have so far earned $315 million from the sale of 112 million kilogrammes (kg) of the golden leaf since the beginning of this year's selling season in March.Figures released by...
Zimbabwe National Farmers Union (ZNFU) says the decline in agriculture production is due to most farmers' lack of collateral.Edward Dune, ZNFU's executive director told Parliament this week that close...
Zimbabwe's sole gold buyer, Fidelity Printers and Refiners (Fidelity), has reduced its minimum acceptance threshold for gold from licensed small-scale dealers from 10 to five grammes as the country mo...
London-listed investment vehicle Masawara Plc (Masawara) recorded a 167 percent surge in profits to $16,1 million in the full year to December 2014 up from a loss of $10,8 million in the corresponding...
Zimbabwe is willing to compromise on indigenisation stipulations to help the national airline to secure a new investor.Transport minister Obert Mpofu said government was pursuing various efforts to en...
Tourism minister Walter Mzembi has unveiled a board of directors for Mosi-oa-Tunya Development Company (MTDC) to spearhead the development of an eco-Disneyland theme park on 274 hectares in the countr...
Zimbabwe's maize production for the 2014/15 agricultural season is forecast to decline by over 500 000 tonnes to 950 000 tonnes due to a prolonged dry spell, a latest Food and Agriculture Organisation...
The banking sector recorded a low loans uptake as a result of high lending rates as corporate clients in the sector slumped, figures from the Reserve Bank of Zimbabwe show.In its weekly economic repor...
Zimbabwe has been removed from the international financial blacklist after the country took steps towards improving its role in the global fight against money laundering and terrorist financing, a Cab...
Zimbabwe largest platinum producer, Zimplats' profit in the quarter to March 2015 surged by 133 percent to $6,8 million compared to a loss of $20,5 million in the previous quarter due to increased met...
Aquarius Platinum Limited (Aquarius) is optimistic Zimbabwe will review the recently-imposed 15 percent tax on raw platinum exports to allow mining companies to remain viable.In the company's quarterl...
Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says mobile network operators are not inflating mobile data and Internet services tariffs.Baxton Sirewu, Potraz acting director ...
Atlas Mara Co-Nvest Limited (Atlas Mara) has given minority shareholders an ultimatum to sell their shares within six weeks to the United Kingdom-based company for $0,82 per share.This comes after sha...
Zimbabwe's poultry industry total chick production went up by 22 percent to 78,4 million birds in 2014 from 64,4 million recorded in 2013, a latest industry report has indicated.According to Zimbabwe ...
The High Court has given struggling PG Industries Zimbabwe Limited (PG) the green light to continue with its scheme of arrangement with concurrent creditors, after its last attempt to register its deb...
In South Africa (SA), they have got Theo Botha - the irrepressible shareholder activist - and Zimbabwe could be getting its own version in the form of businessman Chester Mhende.About two decades ago,...
Eight short-term insurance companies reported losses in the full year to December 2014 as Zimbabwe's moribund economy continues to affect the country's insurance industry.A report by the Insurance and...
Businessman Shingi Munyeza has clinched three more international restaurant franchises as he seeks to extend his dominance in the fast-food sector.The former African Sun Limited chief executive, who a...