Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard's payment solutions for Ecobank's customers in a further 23 Afric...
Finance Minister Patrick Chinamasa on Wednesday criticised local banks for failing to come up with innovative strategies to tap into the informal sector, which is now driving the economy.Addressing d...
Econet Wireless has opened up full Unstructured Supplementary Service Data (USSD) functionality for ZimSwitch mobile money transfer service, TechZim reported.According to TechZim, in the coming month...
THE Industrial Development Corporation will seek Government approval to borrow $10 million to $15 million to recapitalise Chemplex Corporation's subsidiaries, Dorowa Minerals and ZimPhos. IDC, wholly ...
BANKS continue to make the bulk of their income from fees and charges as opposed to the core business of lending money in what significantly eats into the banking public's hard earned cash. Acco...
THERE has been slow up-take of the US60c mandatory offer share price ADC Mauritius made to ABC Holdings minorities when the former increased its stake above the threshold exempt from the compulsory of...
ZIMBABWE Stock Exchange-listed alcoholic beverage maker, African Distillers (Afdis) majority shareholder, African Distillers Holdings, has increased its shareholding following the conclusion of a $5 m...
Finance minister Patrick Chinamasa has attacked the banking sector, blaming some financial institutions of attempting to drive the economy on its knees since the adoption of multiple currencies five y...
The Securities and Exchange Commission of Zimbabwe (SECZ) is planning to review the current minimum capital requirements for asset management firms, replacing them with a risk-based capital allocatio...
THE Reserve Bank of Zimbabwe has lost its grip on asset management firms after the apex bank transferred its erstwhile supervisory role to the recently rebranded capital markets regulator.According t...
The Reserve Bank of Zimbabwe must address the issue of mobile money services in the Monetary Policy Statement to be presented this month so that banks can easily access mobile networks platforms.Bank...
The Bankers Association of Zimbabwe continues to find the financial sector essentially sound and believes reports of some troubled banks are not a reflection of the status of the sector or of the eco...
The punitive royalty charges leveled against mining companies is likely to result in the closure of more than 75 percent of gold mines in the country in the next three months, the Zimbabwe Chambers o...
Emirates, which flies daily from Harare to Lusaka and Dubai, is offering its passengers from Zimbabwe a growing number of opportunities to connect to the world through its expanding fleet of A380 air...
JOHANNESBURG - South Africa's priority crime investigation unit, the Hawks, is investigating the company which owns Bokai Platinum in Zimbabwe following allegations that the emails of senior staff we...
LOCAL miners are in a strong position to try and close the platinum supply gap after revelations that South Africa, the top world platinum producer's mining operations are becoming relatively more ex...
BULAWAYO-BASED business mogul Raji Modi has brought back a 20% stake in Choppies Zimbabwe barely six months after selling off his entire Sai Enterprises (Pvt) Ltd business to Botswana's largest retai...
The country's second second largest mobile company, Telecel Zimbabwe has denied allegations that the company defaulted on the conditions of its licence renewal.Telecel Zimbabwe General Manager Mrs An...
Zimbabwe's mobile penetration rate has reached 103,5 percent as the number of mobile subscribers reached more than 13,5 million by December last year.According to third quarter statistics released by...
Zimbabwe's mobile penetration rate has reached 103,5 percent as the number of mobile subscribers grew to 13,5 million by December last year.According to statistics for the third quarter to December 2...
NATIONAL airline, Air Zimbabwe enjoyed a fruitful festive season as flights to Victoria Falls, Bulawayo and Johannesburg were increased to deal with an improved number of passengers.In an interview, ...
Toronto Stock Exchange listed mining company, Caledonia Mining Corporation has declared a dividend of $0,015 per share for the first quarter of its financial year.The declaration of a dividend will ...
Zimbabwean banks' non interest income constitute on average an estimated 55 percent of their total income. This estimation is based on calculations done by BH24.Banks have been indicating in some rep...
African Sun CE Shingi Munyeza says the debt restructuring process will be complete before the end of the first half.The group also expects to raise $6 million through a rights offer with the commitme...
ZIMBABWE has been acknowledged by one of the world's leading travel magazines, Condé Nast Traveler, as a destination-to-be this year.Condé Nast Traveler predicted that in 2014, more families will c...