Zimbabwe Stock Exchange-listed agro-industrial concern, Zimplow, is set to dispose more non-core assets in the coming year as the group seeks to restructure debts and focus on its primary business.Gro...
By Staff reporter | Published: 07 June 2015
African Sun Limited (ASL) chief executive Shingi Munyeza has resigned with immediate effect, as private equity firm Brainworks Capital Management (BCM) plans a total takeover of the listed hospitality...
By Staff reporter | Published: 07 June 2015
Standard Chartered Bank Zimbabwe Limited (Stanchart) is embarking on a restructuring exercise in line with its parent company's - Standard Chartered Plc - review of its global branch network.Samuel Ru...
By Staff reporter | Published: 07 June 2015
Construction firm Masimba Holdings Limited (Masimba) is seeking regulatory approval to unbundle its contracting and manufacturing businesses into two separately listed companies.Greg Sebborn, Masimba ...
By Staff reporter | Published: 07 June 2015
Zimbabwe Stock Exchange-listed NMB Zimbabwe Holdings (NMBZ) has registered a $1,6 million profit after tax in the full year to December 31, 2014, up from a loss of $3,3 million recorded in 2013.Tendai...
By Staff reporter | Published: 07 June 2015
National airline Air Zimbabwe (AirZim) has so far realised nearly $40 000 from commercialising its technical and engineering services.AirZim acting chief executive, Edmund Makona, said after investing...
By Staff reporter | Published: 07 June 2015
ZB Financial Holdings (ZB), one of the big banking institutions with a strong asset base in the country, is aiming a return to profitability this year through reduced overheads and product innovation....
By Staff reporter | Published: 07 June 2015
Impala Platinum (Implats)' Zimbabwean unit Zimplats has lost its High Court challenge of a $29,6 million additional profits tax (ATP) bill imposed by the country's revenue collector.Alex Mhembere, Zim...
By Staff reporter | Published: 07 June 2015
Royal Bank Zimbabwe Limited (Royal)'s directors could face prosecution after the defunct institution's creditors on Wednesday approved a plan to institute legal proceedings against the ex-board for ab...
By Staff reporter | Published: 07 June 2015
Jersey-listed Masawara Plc (Masawara) has fully-acquired TA Holdings Limited (TA) after minority shareholders yesterday accepted the investment company's $0,25 share buyout offer price, businessdaily ...
By Staff reporter | Published: 07 June 2015
Steward Bank has won a labour dispute against 11 of its workers, who were seeking a court order barring the financial institution from withholding their salaries and benefits pending retrenchment.Nisb...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest sugar producer Tongaat Hulett (Tongaat) says government must review the indigenisation policy and consider empowerment credits for business sustenance in favour of compulsory acquis...
By Staff reporter | Published: 07 June 2015
Shingai Mutasa's Masawara Plc (Masawara) has increased its offer to TA Holdings Limited (TA) minority shareholders by $0.05 to $0.25, as the investments group seeks to wholly takeover the latter.Recen...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest sugar producer Tongaat Hulett (Tongaat) says it is seeking $20 million from various financial institutions earmarked for the development of 4 000 hectares it was recently allocated ...
By Staff reporter | Published: 07 June 2015
Listed milk-processor Dairibord Holdings Limited (Dairibord) says it plans to invest $10 million in capital expenditure this year to boost operational efficiencies.Dairibord chief executive, Anthony M...
By Staff reporter | Published: 07 June 2015
Rio Tinto (Rio) and Russia's DTZ Ozgeo are yet to agree on Zimbabwe's mandatory merger of diamond firms, with the two seeking clarity on the proposal.This comes as a week ago, Mines minister Walter Ch...
By Staff reporter | Published: 07 June 2015
Zimbabwe plans to cancel independent power producers (IPPs) licences -with a capacity to generate 5 000 megawatts (MW) - including Essar Africa (Essar)'s.Gloria Magombo, the Zimbabwe Energy Regulatory...
By Staff reporter | Published: 07 June 2015
National airline Air Zimbabwe (Airzim) is seeking new partners as part of its turnaround strategies.Its acting-chief executive Edmund Makona told Parliament on Monday that the national flag carrier - ...
By Staff reporter | Published: 07 June 2015
Telecel International (TI) executives are in Zimbabwe to discuss the fate of its local unit following government threats to shut down the mobile operator.This also comes as two of Empowerment Corporat...
By Staff reporter | Published: 07 June 2015
Banking group ABC Holdings Limited (ABCH) has secured a $50 million multi-currency loan from the African Development Bank (AfDB) for on-lending to small-to-medium enterprises (SMEs).The loan, with a s...
By Staff reporter | Published: 07 June 2015
Lafarge Cement Zimbabwe Limited (Lafarge)'s short-term borrowings ballooned by 380 percent to $4,8 million in the year to December 2014 from $1 million in prior comparable period as the company battle...
By Staff reporter | Published: 07 June 2015
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says banks must not attach defaulting debtors' properties, but restructure bad debts instead.This comes on the back of a wave of property auctions...
By Staff reporter | Published: 07 June 2015
Zimbabwe has been ranked among the most unattractive mining destinations, with the country lagging behind the Democratic Republic of Congo, Mozambique and South Africa, according to a latest survey by...
By Staff reporter | Published: 07 June 2015
The Infrastructure Development Bank of Zimbabwe (IDBZ) says it awaits finalisation of the Banking Act amendments before it can recapitalise in line with Reserve Bank of Zimbabwe requirements.This come...
By Staff reporter | Published: 07 June 2015
Cement manufacturer PPC Zimbabwe (PPC) - a subsidiary of South Africa-based PPC International - plans to more than double production from 600 000 tonnes to 1,4 million tonnes annually following ...
By Staff reporter | Published: 07 June 2015
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
