National power utility Zesa Holdings (Zesa) says it is owed $818 million by consumers - including government, domestic and commercial users.It said the unpaid bills were hampering its operations and v...
By Staff reporter | Published: 10 February 2014
ONE of Zimbabwe leading financial institutions, CBZ Bank will be phasing out the use of cash withdrawal slips with effect from the beginning of next month.In a statement, the bank said individual clie...
By Staff reporter | Published: 10 February 2014
Government has extended Zesa Holdings chief executive Eng Josh Chifamba's term of office by another three years while a new board, expected soon, will determine his conditions of service.Energy and Po...
By Business Reporter | Published: 10 February 2014
AIR Zimbabwe needs an emergency cash injection in excess of $50 million which would prevent the ailing national airline from collapse, a senior official said.The national carrier, whose senior manager...
By Staff reporter | Published: 10 February 2014
The Scheme of Arrangement between Star Africa Corporation Limited and its lenders and creditors which was sanctioned by the High Court on 7 August 2013 and registered with the register of companies on...
By Staff reporter | Published: 07 February 2014
The Board of Directors of NMBZ Holdings Limited said it would like to inform its shareholders and investors that it has reviewed its banking subsidiary's loan book and has increased its impairment los...
By Staff reporter | Published: 07 February 2014
A South African company, Mining, Oil and Gas Services had plans to transform Trust Bank into an energy bank through an investment of $800 million, it has emerged. This is disclosed by Trust Bank direc...
By Staff reporter | Published: 07 February 2014
The local yeast industry is losing more than $3 million annually through smuggling of the product from South Africa and Zambia by some unscrupulous businesses in the country, an industry player said y...
By Staff reporter | Published: 07 February 2014
The Industrial Development Corporation will finalise the execution of share subscription agreements relating to Chemplex Corporation within the first quarter of this year after 11 investors expressed ...
By Staff reporter | Published: 07 February 2014
TELECEL Zimbabwe says it has, from the outset, allowed all banks and other licensed operators to offer financial services to clients using its unstructured supplementary service data (USSD) mobile pla...
By Staff reporter | Published: 07 February 2014
The 2014 tobacco marketing season is set to begin on February 19 with auction sales while contract sales will start a day later.The Tobacco Industry and Marketing Board said three floors - Tobacco Sa...
By Rumbidzayi Zinyuke I BH24 | Published: 07 February 2014
THE country's second largest mobile phone operator, Telecel Zimbabwe launched its mobile money transfer service Telecash in a move that is set to raise the stakes against the hugely popular Ecocash r...
By Business reporter | Published: 07 February 2014
Arab Bank for Economic Development in Africa (Badea)'s executives are in Zimbabwe to review performance of a $5 million loan facility granted to government through CBZ Bank Limited (CBZ).A senior CBZ...
By Staff reporter | Published: 07 February 2014
AIR Zimbabwe's two A320 Airbuses have been grounded at OR Tambo International Airport in Johannesburg, South Africa, in the last four months amid disclosures that the planes were unserviceable, NewsD...
By Staff reporter | Published: 07 February 2014
ZB Financial Holdings says plans to merge its bank and building society will continue despite the recent extension by the Reserve Bank of Zimbabwe of the banking sector minimum capital requirements d...
By Staff reporter | Published: 07 February 2014
SeedCo is close to selling part of its shareholding in Quton, a cotton seed developer, to an Indian company Mahyco for a yet to be disclosed amount, sources said. SeedCo announced last year that...
By Staff reporter | Published: 07 February 2014
African Consolidated Resources has over the last decade, raised more than $70 million, with the majority of that capital being put into the development of mineral ground in Zimbabwe. Some of tha...
By Staff reporter | Published: 07 February 2014
Exor Petroleum, one of the country’s pioneering indigenous oil companies, has formed a joint venture company, PetromocExor, with Mozambique oil giant Petroleos de Mocambique (Petromoc). The jo...
By Staff reporter | Published: 07 February 2014
The Zimbabwe Newspapers Group has appointed a new, 10-member board chaired by veteran civil servant and former Chief Secretary to the President and Cabinet, Charles Utete, for a period of 5 years beg...
By Staff reporter | Published: 07 February 2014
Zimbabweans could face the biggest increase in the cost of power since dollarisation after the Zimbabwe Electricity Transmission and Distribution Company proposed a 5% tariff increase, way above the ...
By Staff reporter | Published: 07 February 2014
An international arbitrator has ruled in favour of Econet Wireless in its long running dispute with Trustco Mobile. The arbitrator dismissed a claim by Trustco that it is owed $6,978,846.30 by Ec...
By Staff reporter | Published: 05 February 2014
Disgruntled senior Agricultural and Rural Development Authority workers on Monday slept at the parastatal's head office in Harare to protest against non-payment of salaries.The employees have gone fiv...
By Staff reporter | Published: 05 February 2014
CHROME producer the Zimbabwe Mining and Smelting Company (Zimasco) will this month lay-off some of its workers due to viability challenges.Formerly owned by Union Carbide, at least 73 percent of Zimas...
By New Ziana | Published: 05 February 2014
Shanghai-based Tsingshan Iron and Steel Group has expressed interest to invest in a second steel plant for Zimbabwe, an official has said.Deputy Chief Secretary in the Office of the President and Cabi...
By Staff reporter | Published: 05 February 2014
Powertel Communications, a State owned Internet Service Provider has rebranded their logo and has changed their corporate colours too. The telecommunications company's colors have been changed from bl...
By Staff reporter | Published: 05 February 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
