Zimbabwe will let foreigners keep majority stakes in banks for now because locals have no money to buy shares, the Finance Minister said on Wednesday.But Patrick Chinamasa said the Government would no...
By Reuters | Published: 23 April 2014
KWEKWE-based steel manufacturer, Steelmakers, has been rattled by the liquidity crunch prevailing in the country and this has resulted in turnover plummeting by 50 percent.Steelmakers group general ma...
By Lovemore Zigara | Published: 23 April 2014
Steward Bank intends to close about eight branches across the country, rendering more than 100 employees jobless, as the bank seeks to streamline its costs.The financial institution, currently with 20...
By Tinashe Makichi | Published: 23 April 2014
Gold producer Pan African Mining on Tuesday said it is considering sending workers on a two weeks unpaid rotational leave as a cost-cutting measure since it has not been operating due to lack of elect...
By New Ziana. | Published: 23 April 2014
Belgium is the biggest buyer of Zimbabwean tobacco so far this year with 3,4 million kilogrammes worth $9,1 million having been exported to that country to date, the Tobacco Industry and Marketing Boa...
By New Ziana. | Published: 23 April 2014
The Freda Rebecca Gold Mine and Bindura Nickel Corporation are well posed to boost Mwana Africa's top and bottomline.The multi-commodity mining conglomerate's Zimbabwean operations posted increases i...
By Staff reporter | Published: 23 April 2014
The Zimbabwe Investment Authority approved a total of 30 investment projects valued at $93,4 million in the first quarter of 2014 compared to 37 projects worth $37 million in the same period last yea...
By Staff reporter | Published: 23 April 2014
The United States Treasury's Office of Foreign Assets Control (OFAC) has added to its Zimbabwe sanctions list Sam Pa, a business partner in Sino Zim and Anjin.This means Sino Zim and its various subs...
By Staff reporter | Published: 23 April 2014
Savanna Tobacco says industrial espionage by its tobacco industry arch rivals is suffocating its potential and capacity to increase exports by a factor of at least 50 percent.Executive chairman Mr Ad...
By Staff reporter | Published: 23 April 2014
Local dairy firm, Dendairy is lobbying for offshore funding for a heifer project that would require $6 million over the next five years.Dendairy director Darren Coetzee said the initiative will go a l...
By Staff reporter | Published: 22 April 2014
NMBZ is set to issue another tranche of Small to Medium Enterprises bond following interest from investors and will use other financial sources to beef up the purse to finance targeted enterprises, a ...
By Conrad Mwanawashe | Published: 22 April 2014
A team of Chinese experts to undertake a coal gasification project at the country's sole ammonium nitrate (AN) manufacturer, Sable Chemicals, is expected at the beginning of next month to start work o...
By Staff reporter | Published: 22 April 2014
THE Department of Trade and Industry (the dti) will lead a group of South African companies to the 2014 Zimbabwe International Trade Fair (ZITF), which begins in Bulawayo today.The fair is being held ...
By Fin24 | Published: 22 April 2014
LACK of interest from investors has forced the Industrial Development Corporation to put on hold its gold processing project.The project requires $233 million capital injection.IDC has been seeking te...
By Tinashe Makichi | Published: 22 April 2014
THE disparity between lending and deposit rates in Zimbabwe is widening, dampening the already weak savings culture in the country and its economic recovery, the African Development Bank (AfDB) said.I...
By Staff reporter | Published: 17 April 2014
CONTRACT workers, who were laid off by ZB Financial Holdings last month, are up in arms claiming they were unfairly dismissed.More than 200 workers have been affected by the decision to shed staff.Aff...
By businessdigest | Published: 17 April 2014
The country's fixed telecommunications operator, TelOne, says it is failing to complete the digitalisation of its exchange centre in Gweru due to failure by its customers to settle debts. TelOne is ow...
By Staff reporter | Published: 17 April 2014
Telecommunications giant Econet Wireless Zimbabwe says its next stop for fourth generation 4GE Long-Term Evolution (LTE) network will be Beatrice.Group chief executive officer Douglas Mboweni said aft...
By Staff reporter | Published: 17 April 2014
The State Procurement Board has come under fire from losing bidders of a $2 million security tender for allegedly awarding the tender to two companies owned by one person.Trust Me Security and Tragic ...
By Staff reporter | Published: 17 April 2014
Old Mutual Zimbabwe reported improved profitability for FY2013 as the insurer's adjusted operating profit for the year ended December 31 2013 went up by 7 percent to $64 million while its IFRS profit ...
By Staff reporter | Published: 17 April 2014
The Grain Marketing Board has witnessed a continual decline in maize intake over the past five years as farmers opted to sell their grain to private buyers due to delays by the company in making paym...
By Staff reporter | Published: 17 April 2014
The National Social Security Authority (Nssa) has said it is in the process of acquiring a specialised mobile clinic vehicle to screen workers working in areas that expose them to risks of contracting...
By Staff reporter | Published: 17 April 2014
The United Arab Emirates is willing to invest in agriculture projects in the country to contribute to the revival of the economy and ensure food security.Dubai based Mondore General Trading LLC execut...
By Staff reporter | Published: 17 April 2014
Latest statistics from the Tobacco Industry and Marketing Board (TIMB) indicate that more than 24 million kilogrammes worth $93, 1 million of flue cured tobacco have been exported at an average price ...
By Staff reporter | Published: 17 April 2014
Old Mutual Zimbabwe group deputy CEO Zomunoda Chizura told analysts yesterday that the group will focus on leveraging on strong capital base, solid governance and risk management systems to grow busin...
By Staff reporter | Published: 17 April 2014
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
