Zimbabwe bank customer loyalty is very low; banks still need to build their trusts in customers but this is entirely based on the way the banks serve their customers.According to a survey conducted by...
MUTARE-based miner DTZ-OZGEO (Pvt) Limited (DTZ-OZGEO) says it has found conglomerate deposits capable of producing 2,5 million carats of top quality diamonds in the province's Chimanimani area.The co...
Leading precast wall manufacturer Durawall Private Limited (Durawall) is undergoing liquidation, the company owner confirmed to the Daily News yesterday.Durawall has already laid off about 240 employe...
Powerspeed Electrical Managing Director Hilton Macklin told an analysts briefing yesterday that the Group has transformed itself into a supplier of general hardware and is already seeing benefits of t...
African Sun Chief Executive Dr Shingi Munyeza told analysts yesterday that the Group is targeting a pre-tax return of 20% in FY14 after experiencing improved foreign arrivals this year. The compa...
MOTOROLA Solutions, a provider of mission-critical communication solutions and services, is enhancing its presence in Zimbabwe, where it has launched new enterprise mobility products, including the la...
Barclays Bank (Zimbabwe) is one of four foreign-owned banks operating in Zimbabwe and the only one listed on the domestic bourse. The bank has been critical in mobilising credit lines to boost Zimbabw...
BANKS are once again up in arms with Econet Wireless over the mobile phone operator's refusal to give them access to its network platform to freely roll out their financial products.This comes as Zimb...
Mines and Mining Development Minister Walter Chidhakwa yesterday dissolved boards of three institutions under his ambit, namely the Zimbabwe Mining Development Corporation (ZMDC), Minerals Marketing A...
The Zimbabwe Diamond Technology Centre (ZDTC) set up in 2010 to help locals add value locally to the country's rough diamonds, will soon start diamond beneficiation in Harare, according to reports.The...
THE application for the liquidation of the country's sole manufacturer of knitting yarn, Karina Textiles (Pvt) Ltd was approved last Thursday. Karina Textiles shareholders had applied for liquidation ...
FBC Holdings Limited (FBCH)'s mortgage subsidiary is targeting $5 million-plus from its international financiers to expand its housing projects next year as it seeks to continue impacting on Zimbabwe'...
Celsys Limited released a depressed set of results recording an attributable loss of $0.6m. Administrative expenses decreased by 15% while labour costs continue to burden the company increasing by 9% ...
THE country's property sector is not likely to experience significant growth in 2014 as default rates and the amount of voids continue to rise unabated. Default rates have remained as high as 50 to ...
Fifteen thousand first time home - seekers are set to benefit from Old Mutual's housing developments across the country in the next five years.The insurance giant has set aside $62 million towards fun...
ECONET Wireless Zimbabwe walked away with four prestigious awards at the Marketers Association of Zimbabwe 2013, Super Brand annual awards plus the prestigious overall business Super- brand 2013 award...
INDIGENOUS voices have raised eyebrows over the $260 million mining contract between Hwange Colliery Company Ltd and a Portuguese firm, Mota-Engil saying that it lacks moral wisdom. Concern has been r...
ECONET Wireless continues to sweat its mobile phone network infrastructure to spread tentacles deeper into the provision of banking services by rolling out a number of cellular-based products. While p...
THE 300-megawatt Kariba South Hydro Power Station expansion project is expected to start in the first quarter of 2014. The Zimbabwe Power Company (ZPC) said designs for the project were already under...
THE agriculture sector requires at least $500 million to stimulate productivity and guarantee food security in the country, the Zimbabwe Commercial Farmers' Union (ZCFU) immediate past president, Don...
Freda Rebecca gold mine's revenue for the six months to September declined 36% to $43.6 million from $59.7 million after mine production declined 11.2% to 32,252oz of gold compared to 36,335oz produc...
Bindura Nickel's revenue for the six months to September amounted to $21.4 million after the mine sold 2,191t of nickel concentrate according to unaudited results for the interim period published by p...
ZIMBABWE has extensive potential to become the world's leading producer of platinum, on the basis of an improved performance in its macro operating environment.CPM Group platinum analyst Erica Rannest...
ZIMBABWE plans to construct three solar-powered plants in the west of the country at a cost of $540-million in a bid to ease electricity shortages in the country, an official with the state power comp...
THE Securities and Exchange Commission of Zimbabwe (SECZIM) has called upon asset managers and Collective Investment Schemes to regularise their licensing with the body.This follows SECZIM's recent en...