RBZ acting Governor Dr Dhliwayo said the growth in non-performing loans within insider loans was a worrisome development.As of December 31, 2013, she said the level of total insider loans in the banki...
By Staff reporter | Published: 05 February 2014
THE Reserve Bank of Zimbabwe (RBZ) has urged banking institutions facing operational constraints to take concrete steps towards recapitalisation amid concerns that potential suitors are reluctant to i...
By Staff reporter | Published: 05 February 2014
CIGARETTE manufacturer British American Tobacco (BAT) Zimbabwe has submitted to government its indigenisation and economic empowerment compliance plan for the second year. The Indigenisation and Econo...
By Staff reporter | Published: 05 February 2014
OK Zimbabwe says 2014 promises to be more challenging than the previous year unless government finds ways of attracting investment and creating new jobs. Chief executive Willard Zireva told our ...
By Staff reporter | Published: 05 February 2014
The number of tobacco growers for the 2013-2014 agricultural season has increased by 100%, Tobacco Industry and Marketing Board figures have shown. This showed that the country's farmers were moving a...
By Staff reporter | Published: 05 February 2014
Malawian Airways became the latest airline to land in Zimbabwe after its maiden flight on Monday, an official confirmed. The introduction of Malawian Airways comes after the government of Malawi liqui...
By Staff reporter | Published: 05 February 2014
The People's Own Savings Bank expects to report a profit in the year to December 31 2013, driven by the realignment of cost and revenue structures in the second half of the year. The performance was h...
By Staff reporter | Published: 05 February 2014
Zesa Holdings subsidiary, Zimbabwe Electricity Transmission and Distribution Company, is being sued for $11 million by a local private firm over alleged breach of contract. Sixth Century Contraction h...
By Staff reporter | Published: 05 February 2014
India and Zimbabwe have decided to enhance cooperation in sectors such as pharmaceuticals, infrastructure and health to boost trade and investment between the countries.This was agreed during a meeti...
By Business Standard | Published: 04 February 2014
Zimbabwe is likely to revoke the recent amendment to fiscal law that stops mining companies from claiming royalties for tax purposes.The move to prohibit mining companies from claiming royalties for t...
By Staff reporter | Published: 04 February 2014
At least 51 employees have voluntarily left Alpha Media Holdings, the publishers of NewsDay, The Southern Eye, The Zimbabwe Independent and The Standard newspapers, after the company announced it can...
By Staff reporter | Published: 04 February 2014
AGRIBANK officials say there is a need for Government to recapitalise the bank to guarantee success of the land reform exercise.The bank's chief executive officer Sam Malaba said the $4 million alloca...
By Staff reporter | Published: 04 February 2014
An audit carried out on the wholly State-owned Marange Resources Diamond Company has disclosed that the government was prejudiced of millions of dollars as management raised inflated procurement recei...
By Staff reporter | Published: 04 February 2014
After a decade of economic recession and an ensuing liquidity crunch, a steady growth of sophisticated white collar crimes, corruption, pyramid scams are on the rise.Property and estates fraud among o...
By Staff reporter | Published: 04 February 2014
Medical insurer, Premier Service Medical Aid Society (PSMAS) has appointed renowned industrialist Luckson Zembe as its board chairperson.In a press statement Sunday, PSMAS said it was responding to de...
By Staff reporter | Published: 04 February 2014
Zimbabwe has intensified efforts to mobilise gold in excess of 15 tonnes this year as the country forges ahead with its plans to be readmitted to the London Bullion Market Association. The country's g...
By Staff reporter | Published: 04 February 2014
INTERNATIONAL money transfers received by money transfer agencies (MTAs) and formal banking channels declined by 15% to $1,8 billion last year due to a rise in remittances sent via informal channels.P...
By Staff reporter | Published: 04 February 2014
ZIMBABWE'S largest mobile phone operator by subscription Econet Wireless has registered over 3,5 million subscribers on its EcoCash mobile money platform, a company executive has said.He said the mob...
By Staff reporter | Published: 04 February 2014
The Zimbabwe Fertiliser Company has finally taken delivery of its 12 500 tonnes of ammonium nitrate fertiliser valued at about $7.5 million caught up in congestion at Beira port since December last ye...
By Staff reporter | Published: 04 February 2014
THE number of companies using EcoCash to pay their workers has risen dramatically because of the liquidity problems facing some banks.Econet executives responsible for EcoCash said they had seen a s...
By Staff reporter | Published: 04 February 2014
THE National Social Security Authority's $22 million state of the art hotel in the border town of Beitbridge is now open. The project which was funded by NSSA and constructed as part Government's Nati...
By Staff reporter | Published: 04 February 2014
ZSE listed financial institution, NMB Bank, managed to raise $4 million during the floatation of the first tranche of its two-year $50 million mortgage-backed Small to Medium Enterprises bond issue wh...
By Staff reporter | Published: 04 February 2014
Eight countries in Southern Africa have earned a position among the top 20 "most exciting African mineral jurisdictions".According to an investment guide released on Monday, they are South Africa, Zim...
By Sapa | Published: 03 February 2014
TSL Limited profit rose to $6,8 million for the year ended October 31, 2013 driven by new initiatives that the group embarked on during the period under review.The group's profit stood at $4,9 million...
By Business Reporter | Published: 03 February 2014
Platinum producer Zimplats says Zimra has granted it a reduction in the penalty in its tax dispute from 8% to 5% of principal tax. "The tax authorities have responded to the objection lodged by the c...
By Staff reporter | Published: 03 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
