Virginia tobacco deliveries have surpassed the 185 million kilogrammes target set for this year with indications that the figure could reach 200 million kg before the marketing season ends.Tobacco Ind...
OK Zimbabwe intends to refurbish six stores across the country this year at a cost of $6 million, a senior official has said.The group will spend an additional $2 million on the establishment of baker...
Qatar Airways will soon introduce flights to Harare, initially flying into Zimbabwe three times a week, the new envoy from the oil rich country said on Thursday.Qatar's new ambassador to Zimbabwe Sale...
The National Social Security Authority has been given the green light to attach Tetrad Bank property to recover nearly $5 million owed to it by the embattled bank.The bank, which is reeling under a se...
Zimbabwe has so far sold tobacco worth $582,8 million as the 2014 selling season target of 180 million kilogrammes has been exceeded.Latest figures from the Tobacco Marketing Industry Board (TIMB) sho...
Listed sugar manufacturer Star Africa appears to be struggling to dispose of its investments in Tongaat Hulett Botswana and BlueStar Logistics.In its latest update on the matter, the company said: "Ea...
Giant retailer OK Zimbabwe yesterday reported a decline in profitability for FY2014 as overheads increased and deflationary pressures weighed heavy.Profit for the year ended March 31, 2014 amounted to...
Lafarge's volumes for the first four months of the year went down about 13% compared with the same period last year although 2% higher than the last quarter of 2013, MD Amal Tantawi told the AGM today...
OK Zimbabwe is looking at operating their own bakeries as they vie for better margins after recording 0.8% revenue growth and 0.2% gross margins decline for the year ended 31 March 2014, group CEO Wil...
THE Reserve Bank of Zimbabwe has cancelled the banking licence of Capital Bank after the latter voluntarily surrendered it. This follows unwillingness on the part of the bank's majority shareholder, N...
CEMENT producer PPC Zimbabwe says domestic sales in the first five months of the year are down 5 percent compared to the same period last year. PPC managing director Njombo Lekula said domestic...
ZIMBABWE-BASED banking solutions provider Edgetech Solutions is preparing to launch a new mobile payment service that uses sound-based communication technology from NearBytes to let people make paymen...
Cambria Africa could get a $20 million revenue boost from the disposal of non-core assets and claims relating to disputes over leased aircraft. This potential revenue could just be the tonic the pan-A...
Diversified group, ART Corporation recorded a $1,16 million loss in the half year period ended March 31, 2014 from a profit of $236 000 a year earlier after its business units achieved lower volumes d...
Agro-industrial Company, Ariston Holdings Limited's revenue for the half year ended March 2014 increased 29 percent on the back of improved marketing by the group.The group recorded $8,6 million in re...
First Mutual Holdings will tighten the screws on premiums collection and enhance service provision as part of concerted efforts to maintain growth.Chief executive Mr Douglas Hoto said after the group'...
Government has given notice that it will move a motion to remove all board members of Hwange Colliery Company Limited at the annual general meeting in June.Secretary for Mines and Mining Development P...
INGWEBU Breweries expects to increase sales volumes during the Soccer World Cup, which kicks off in Brazil this month.ingwebu-cratesThe Bulawayo City Council's commercial undertaking says its sales co...
APEX Holdings (Pvt) Ltd is disposing its 46,68% shareholding in Phoenix Consolidated Industries Ltd, as the company is currently under judicial management.Apex Holdings (Pvt) Ltd was placed under judi...
First Mutual Holdings recorded a 20% growth in total income for the period ended 30 April on the back of increase in rental income and premium, group CE Doug Hoto told the AGM yesterday.Giving the tra...
Building materials manufacturer, Turnall Holdings has said it was crucial for government to resuscitate operations at Shabanie Mashava Mines to curb spiralling import costs of chrysotile asbestos fibe...
Ferrochrome producer, ZimAlloys on Sunday said it is still searching for partners to inject funds into the company to enable it resume operations.The mining firm ceased operations in 2008 due to lack ...
Production at listed cement manufacturer, Lafarge Cement Zimbabwe is expected to increase to 500 000 tonnes per annum once current plant upgrade is complete, an official has said.Lafarge is currently ...
NATIONAL Foods says milling volumes especially in the southern region are depressed due to the high volume of imports."We are making every effort to compete, however, our milling volumes in the southe...
Brick maker Willdale Limited's rights offer has been grossly under subscribed by shareholders after only 15 percent of the owners responded to the $3,2 million cash call.Chief executive Mr Clifford Mu...