Closed Bulawayo based textile firm, Merlin, requires a minimum capital injection of $1,2 million to survive insolvency, the company's judicial manager has said.The firm was placed under provisional j...
By New Ziana | Published: 11 December 2013
Zimbabwe's auction today of 300 000 carats of diamonds in the European Union will bring greater transparency in the country's diamond sector.The sale is Zimbabwe's first ever in Antwerp. The Antwerp ...
By BH24-Skynews | Published: 11 December 2013
CHINA Africa Sunlight Energy Private Limited (Caseco) is finalising the $1,3 billion loan coming from Export-Import Bank of China that will see the mining company commencing integrated coal mining an...
By Business Reporter | Published: 11 December 2013
THE National Railways of Zimbabwe (NRZ) has engaged an international auditing firm to craft a turnaround strategy for the loss-making parastatal.NRZ public relations manager Fanuel Masikati said the s...
By Business Reporter | Published: 11 December 2013
CUT-THROAT competition in the dairy processing industry has forced local players to submit a paper to the government proposing to be shielded from the influx of cheap products.Currently the industry ...
By Staff reporter | Published: 11 December 2013
ZIMBABWE'S indigenous banks have fallen on hard times as many of them are struggling to pay depositors, a situation which heightened yesterday as evidenced by chaotic scenes at most banking halls in H...
By Staff reporter | Published: 11 December 2013
THE Zimbabwe Youth Development Trust's initiative to form a youth bank that will provide financial solutions to the informal market has hit a snag as the trust's application for mineral concessions is...
By Business Reporter | Published: 11 December 2013
ZIMPOST has invested $2 million purchasing five postal buses to combine the functions of public transport and mail delivery or collection, an official has said. The post-bus concept has been in existe...
By Staff reporter | Published: 11 December 2013
RAW milk production in Zimbabwe increased slightly to 4,58 million litres in October from 4,57 million the previous month, figures released by the Dairy Services Department in the Ministry of Agricult...
By Staff reporter | Published: 11 December 2013
Management at the Gweru glass manufacturing company, Zimglass, was held hostage for the greater part of Monday as employees protested over unpaid salaries.The company reportedly owes workers three mon...
By Staff reporter | Published: 11 December 2013
Anjin Investments has retrenched at least 950 workers out of close to 1 800 people since it started operations in 2010.About 190 of the remaining 845 workers still face the chop as the company targets...
By Staff reporter | Published: 11 December 2013
First Element Bvba will hold the first tender of diamonds from Zimbabwe in Antwerp later this week.The tender includes goods from Marange Resources, Zimbabwe Diamond Mining Company (ZDMC), Anjin Inves...
By IDEX Online News | Published: 10 December 2013
TELECEL Zimbabwe chief executive John Swaim is alleged to be conducting his duties from a foreign base after failing to obtain a work permit, sources said yesterday.Swaim's application for a work per...
By Staff reporter | Published: 10 December 2013
LOCAL manufacturing firms and mining companies are incurring as much as $8 in costs for every kilowatt hour (kWh)lost due to idleness resulting from frequent power outages, a study by a industrial lob...
By Staff reporter | Published: 10 December 2013
DELISTED manufacturing firm Cairns Holdings is expected to ramp up production by the first quarter of next year as existing shareholders give way for new investors following its recapitalisation, the ...
By Staff reporter | Published: 10 December 2013
Augur Investments chairman Ken Sharpe says construction of the $100 million Mall of Zimbabwe in the up market suburb of Borrowdale in Harare will commence next year as all relevant licenses and logist...
By Staff reporter | Published: 10 December 2013
SPIRITS maker African Distillers shareholders have approved a $5 million rights offer that is earmarked for the procurement of a new ready- to-drink plant that has the capacity to produce 27 000 bottl...
By Staff reporter | Published: 10 December 2013
Government will not privatise Zesa Holdings to place the power utility in private hands as envisaged by the Electricity Amendment Act passed by Parliament. Speaking at the Zimbabwe Energy Regulatory A...
By Staff reporter | Published: 10 December 2013
Impala Platinum Holdings Limited (Implats)'s local unit, Zimbabwe Platinum Mines (Zimplats), says it will consider offshore loans among a cocktail of measures - together with other platinum group meta...
By Staff reporter | Published: 09 December 2013
ZIMBABWE Glass Company, the country's sole flint glass producer, says it is facing severe competition from foreign-based companies that take advantage of purchasing power parity in their countries."Co...
By Staff reporter | Published: 09 December 2013
BULAWAYO-BASED manufacturing concern Rubber Products Manufacturing (Pvt) Ltd reportedly closed shop on Friday, sending workers home, with outstanding salaries of over eight months.Workers who spoke to...
By Staff reporter | Published: 09 December 2013
COAL miner Hwange Colliery Company last Friday signed a $260 million mining contract with Portuguese firm, Mota-Engil which is expected to double production from current levels.The contract, expected ...
By Business Reporter | Published: 09 December 2013
Zimbabwe's largest financial services group, Old Mutual, has disbursed at least $100 million to businesses through its lending arm the Central Africa Building Society since dollarisation.This emerged ...
By Staff reporter | Published: 09 December 2013
Air Zimbabwe intends to raise $50 million through the issue of a local aero bond in order to fund its working capital and to pay of its crippling debt.Initially, Air Zimbabwe was scheduled to resume t...
By Business reporter | Published: 09 December 2013
A board shake-up - including the resignation of chairperson Sibusisiwe Bango - looms at AfrAsia Kingdom Zimbabwe Limited (AKZL) following Nigel Chanakira's exit and subsequent increase in shareholding...
By Staff reporter | Published: 06 December 2013
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
