MTN South Africa on Monday issued an ambiguous statement saying it was cutting the cost of international telephone calls to "as little as 75c/minute" to a number of markets across Africa, including Zi...
NATIONAL airline Air Zimbabwe has appointed corporate quality, safety and security head Edmund Makona as the new acting chief executive officer, taking over from Innocent Mavhunga who had also been in...
PIONEER Africa Corporation has submitted an updated compliance proposal of its indigenisation plan and is now waiting for Government's response.Group chief executive officer of Pioneer Corporation Mr ...
CABS is set to review upwards loans availed to players in the Small to Medium Enterprises sector from $50 000, an official has said.Addressing local businesspeople attending a ZimTrade business traini...
Zimbabwe wants locals to exclusively benefit from Masawara Plc's $39 million purchase of a stake in BP and Shell Marketing Services and may tear up the current financial arrangement if it fails to rea...
ZIMBABWE'S second largest mobile phone operator by subscription Telecel Zimbabwe has switched off nearly 100 000 lines after the country's telecoms regulator issued a directive ordering players to dis...
Zimbabwe stock exchange listed wines and spirits producer, African Distillers Limited is planning to install a million dollar bottling line in a bid to modernise its production and improve capacity ut...
Twitter's use of a confidential initial public offering filing has reignited a debate about a 2012 U.S. law that critics say denies investors time to digest a company's financial information and erode...
BAT Zimbabwe Managing Director Lovemore Manatsa told analysts yesterday that BATZ will continue focusing on a volume recovery plan as to stem volume decline which affected the firm's financial perfor...
Imara Group chief executive officer Mark Tunmer has been elected chairman of Global Alliance Partners (GAP), the international network of financial service companies dedicated to fostering worldwide i...
British American Tobacco Zimbabwe Limited (BATZ) released a flat set of results showing a 0.5% increase in revenue to $23.1 million compared to $23 million in the prior period. BATZ continue to domina...
Still smarting from a public spat with Zimbabwe's largest mobile telephony company Econet Wireless over the ill-fated EcoLife life assurance product, listed insurance group First Mutual Holdings Limit...
ZB Life Assurance is embroiled in a messy wrangle with a group of policyholders, who are demanding their premiums back citing misrepresentation on the benefits of the insurance product. There are abou...
Financial experts are expected to meet in Harare next week to discuss topical issues related to financial reporting, regulatory environment and other matters affecting businesses in Zimbabwe.The expe...
Green Fuel is pleading with the government to consider introducing at least 20% mandatory ethanol-petrol blending to maximise national benefits from the $600 million investment at Chisumbanje and in t...
THE Postal and Telecommunications Regulatory Authority of Zimbabwe has released the Consumer Protection Guidelines draft which will assist consumers and service providers providing communication serv...
TA released an improved set of results showing a 12.5% growth in revenue to $39m from $34.6m. The insurance division continues to anchor performance after contributing $21.9m in net earned premium dow...
Fidelity Life Assurance realised a depressed set of results, underwriting surplus was 33% down from $3.3m to $2.2m. Profit from operations dipped 21% from $3.3m to $2.6m mainly because land that was e...
Zimbabwe Platinum Mines (Zimplats) is forging ahead with its multi-million dollar Ngezi Phase II expansion project after engaging South Africa-based Robor Pipe Systems (Robor) to supply steel pipeline...
ZSE- Listed agro-industrial conglomerate, AICO Africa Limited is to complete the disposal of a 20 percent shareholding in Seed Co to a United Kingdom seed company, Limagrain, by the end of November.Th...
Embattled CAPS Holdings boss, Fred Mtanda, has made an offer to stop the auctioning of the pharmaceutical company's assets to settle debts owed to financial institutions. Mtanda is reportedly negotiat...
Astra to rebrand after acquisitionAstra Industries is expected to rebrand after its recent acquisition by a Tokyo-listed firm, Kansai Plascon Africa, which is expected to be unveiled to the market in...
Tetrad Investment Bank has been taken to court for allegedly withdrawing its client's money without the authority of the account holders.The bank was summoned to appear at the Harare Magistrate...
ACQUISITION of controlling shareholding in Ziscosteel by Mauritius based Essar Holdings will be expedited now that President Mugabe has appointed Cabinet, newly appointed Industry and Commerce Minist...
NEW Mines and Mining Development Minister Walter Chidhakwa yesterday said mining contributes significantly to the economic growth of Zimbabwe in a number of ways.Speaking shortly after being sworn in,...