Zimbabwean banks recorded a combined profit of $52, 8 million in the year to December 2014, up 1 453 percent from $3, 4 million recorded in prior comparable period, central bank statistics revealed.Jo...
By Staff reporter | Published: 07 June 2015
Impala Platinum Holdings (Implats) - the world's second-largest platinum producer - has projected lower earnings for the half year to December 2014 due to disruptions caused by the collapse of its Zim...
By Staff reporter | Published: 07 June 2015
Reserve Bank of Zimbabwe (RBZ) subsidiary Fidelity Printers and Refiners (Fidelity) is set to partner the Zimbabwe Mining Development Corporation (ZMDC) in the establishment of a gold mining venture.J...
By Staff reporter | Published: 07 June 2015
Zimbabwe's third largest telecommunications company, Telecel, is "technically insolvent" and needs about $300 million to stay afloat, businessdaily has learnt.This is at least according to information...
By Staff reporter | Published: 07 June 2015
Zimbabwe's 2015 tobacco selling season will officially open next month amid concerns of a poor crop production due to heavy rains that pounded the country in January.Traditionally, the season official...
By Staff reporter | Published: 07 June 2015
The Reserve Bank of Zimbabwe (RBZ) has implored financial institutions to lower bank charges and peg new accounts opening at $5 as a way of promoting financial inclusion in the country.John Mangudya, ...
By Staff reporter | Published: 07 June 2015
The Reserve Bank of Zimbabwe (RBZ) is set to introduce relaxed controls on international remittances by April this year, as part of its measures to boost inflows and ease liquidity constraints.John Ma...
By Staff reporter | Published: 07 June 2015
Air Zimbabwe (AirZim) has commercialised its technical and engineering services as part of measures to broaden revenue streams.The airline, which advertised the services recently, is targeting the tra...
By Staff reporter | Published: 07 June 2015
Aquarius Platinum Limited (Aquarius) - a 50 percent shareholder in Zimbabwe's second-largest platinum producer, Mimosa Mining Company (Mimosa) - says it has engaged government over the recently-impose...
By Staff reporter | Published: 07 June 2015
Struggling PG Industries Zimbabwe Limited (PG) plans to convert a total $7,1 million debentures into equity.The group said the conversion, at a price of $0,001, will include accrued and unpaid interes...
By Staff reporter | Published: 07 June 2015
Zimbabwe has reintroduced a $200 million interbank market, six years after the facility was abolished.The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, said in his 2015 monetary policy state...
By Staff reporter | Published: 07 June 2015
The Reserve Bank of Zimbabwe (RBZ) has engaged Easylink Money Transfer Agent (Easylink) to compliment banks in the distribution of the recently launched bond coins.Easylink - a money transfer unit own...
By Staff reporter | Published: 07 June 2015
Panic has gripped over 108 Tetrad Investment Bank (Tetrad) employees after the financial institution's judicial manager, Winsley Militala of Petwin Executor and Trust Co, suspended their contracts on ...
By Staff reporter | Published: 07 June 2015
Toronto Stock Exchange-listed gold producer Caledonia Mining Corporation (Caledonia) says government's move to amend gold pricing structures for its Zimbabwean gold mine will improve cost efficiency.T...
By Staff reporter | Published: 07 June 2015
The National Oil Infrastructure Company of Zimbabwe (Noic) is planning a $6 million ethanol storage facility at its main Harare depot, which will also complement other fuel assets such as Sakunda Ener...
By Staff reporter | Published: 07 June 2015
Zimbabwe's judicial system is currently overwhelmed by banking sector lawsuits pitting financial institutions and clients who may easily settle matters amicably before approaching the courts, Master o...
By Staff reporter | Published: 07 June 2015
The Reserve Bank of Zimbabwe (RBZ) is negotiating with creditors in an effort to reduce and find ways to pay off its staggering $1,35 billion debt.John Mangudya, the RBZ governor, told Parliament this...
By Staff reporter | Published: 07 June 2015
Zimbabwe's move to impose a 15 percent tax on unprocessed platinum exports could threaten producers' viability, compromise future mining investments and is yet another instance of policy discord by au...
By Staff reporter | Published: 07 June 2015
Businessman Zachary Wazara's companies - Spiritage Zimbabwe Limited (Spiritage) and Suremed Medical (Suremed) - are claiming nearly $400 000 from collapsed Royal Bank Limited (Royal).According t...
By Staff reporter | Published: 07 June 2015
Royal Bank Zimbabwe Limited (Royal) liquidator Cecil Madondo is facing a legal challenge from the bank's creditors for failing to "take care of their interests" by selling the institution's assets for...
By Staff reporter | Published: 07 June 2015
Finance minister Patrick Chinamasa says government is crafting measures to save indigenous banks from collapse.This comes as numerous local banks have closed down due to mismanagement, poor corporate ...
By Staff reporter | Published: 07 June 2015
An America-based company Got Produce Incorporated (Got Produce) is hoping to "revolutionise" African agriculture with its hydroponic and technology-driven greenhouses, executives say.Backed by group f...
By Staff reporter | Published: 07 June 2015
Troubled AfrAsia Zimbabwe Holdings Limited (AZHL)'s banking and microfinance subsidiaries are contesting $16,4 million lawsuits from various clients.Among the aggrieved is Alphavic Management Consulta...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest platinum producer Zimplats reported a depressed performance in the last quarter ending December 2014, with the miner posting a $20,5 million operating loss due to the collapse of it...
By Business reporter | Published: 07 June 2015
Econet Wireless Zimbabwe, the country's largest cellular operator by subscribers, has revealed that it is expecting to report turnover of $752.7 million for the twelve months to February 2015, up 8% y...
By Staff reporter | Published: 18 February 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
