Resources group, RioZim, has sued the central bank to force it to pay over $92 million it claims is owed dating back to 2016 in a case that highlights the acute dollar shortages blighting the southern...
By Staff reporter | Published: 22 November 2018
LOCAL Government minister July Moyo yesterday told Parliament that 22 investors from local and abroad had expressed interest in struggling State-owned transport operator, Zimbabwe United Passenger Com...
By Staff reporter | Published: 22 November 2018
ZIMBABWE'S mining sector improved production in 2018, with average capacity utilisation going up to 75 percent from 71 percent in 2017, an industry report released this week shows. However, this was i...
By Staff reporter | Published: 22 November 2018
Workers in the agro sector - those who process agricultural produce - have been awarded a 15 percent wage increase. The National Employment Council for agricultural industry of Zimbabwe chief executiv...
By Staff reporter | Published: 22 November 2018
Media streaming service, Kwesé iflix, now has more than 5 million users in Zimbabwe and continues to grow rapidly, according to Econet Wireless Zimbabwe CEO Mr Douglas Mboweni. He said the platform h...
By Staff reporter | Published: 22 November 2018
Zimbabwe's sole lithium producer, Bikita Minerals, has set its sights on beneficiating the mineral in a development that is expected to rake in more foreign currency for the country in line with Gover...
By Staff reporter | Published: 22 November 2018
Zimbabwe Airways is a completely different and autonomous entity from Air Zimbabwe and is therefore not part of the reconstruction process, Ministry of Transport of Infrastructure Development Ac...
By Staff reporter | Published: 22 November 2018
Australia Stock Exchange (ASX) listed Prospect Resources Plc says its Arcadia Lithium project, located 38 kilometres east of Harare, has proven capacity to generate nearly $3 billion in export revenue...
By Staff reporter | Published: 22 November 2018
The vision behind Cassava Smartech is to create a technology company similar to China's Tencent, according to Cassava Group CEO, Mr Darlington Mandivenga.Tencent, one of the largest companies in the w...
By Staff reporter | Published: 21 November 2018
The Affirmative Action Group (AAG) has written to the new Hwange Colliery Company(HCCL) administrator Bekithemba Moyo seeking audience with him over the unpaid employees.Employees are reportedly owed ...
By Staff reporter | Published: 21 November 2018
Pepsi to double productionIndian soft drinks manufacturer, Varun Beverages has said it is doubling production at its recently-commissioned $40 million Pepsi manufacturing and bottling plant in Harar...
By Staff reporter | Published: 21 November 2018
A BULAWAYO cyclist, who was injured in an accident involving an Inter-Africa (Mukumba Brothers)-owned bus in 2015, has filed a $67 000-lawsuit against the company at the Bulawayo High Court.The accide...
By Staff reporter | Published: 21 November 2018
The Zimbabwe United Passenger Company (Zupco) is saddled with a $16,1 million debt and now wants government to warehouse it so that it can work on a turnaround strategy for the bus operator now runnin...
By Staff reporter | Published: 21 November 2018
THE Grain Marketing Board (GMB) has received a total of 1,14 metric tonnes (mt) of maize as at November 1, 2018, a report has noted.According to a report prepared by the Justice Mayor Wadyajena-led Po...
By Staff reporter | Published: 21 November 2018
ZIMBABWE Mining Development Corporation (ZMDC) board chairperson Peter Chimboza on Monday disclosed to Parliament that the army has 30% shareholding in the Great Dyke Investment (GDI) mining company.C...
By Staff reporter | Published: 21 November 2018
DESPITE the tough economic environment, credit microfinance institutions (MFIs) posted $9,8 million profit in the first nine months of 2018 on the back of increased demand for micro loans by individua...
By Staff reporter | Published: 21 November 2018
FORMER chairperson of the Parliamentary Portfolio Committee on Transport, Dexter Nduna, says it would be difficult for the National Railways of Zimbabwe (NRZ) to be turned around despite the $400 mill...
By Staff reporter | Published: 21 November 2018
SUGAR giant, Tongaat Hullets, is seeking bids from companies or individuals with capacity to develop 4 000 hectares of virgin land to boost sugarcane production in the lowveld. The new ambitious proje...
By Staff reporter | Published: 21 November 2018
THE Zimbabwe Stock Exchange-listed conglomerate, Meikles Limited's profit after tax for the half-year ended September 30, 2018 grew by 467 percent to $15,3 million from $2,7 million realised last year...
By Staff reporter | Published: 21 November 2018
Makomo Resources yesterday said its mining operations in Hwange were not affecting anyone's concession as it was extracting coal from land that acts as a boundary between Hwange Colliery company and Z...
By Staff reporter | Published: 21 November 2018
Work to widen and upgrade the Beitbridge-Masvingo highway has finally begun in Chivhu with graders and earthmoving equipment now busy carrying out detour works on the first 10 kilometer stretch.The pr...
By Staff reporter | Published: 20 November 2018
Air Zimbabwe is struggling to pay back a $370 million to various stakeholders, a situation hampering the national airline's resuscitation efforts.The revelation when the parastatal's reconstruction te...
By Staff reporter | Published: 20 November 2018
Meikles Limited has made a court application challenging the attachment of shares in several of its subsidiaries by the sheriff to settle a $1,5 million debt owed to a local consultancy firm.The liste...
By Staff reporter | Published: 20 November 2018
GOVERNMENT and business yesterday reached an impasse over arbitrary price hikes after a lengthy meeting between Industry and Commerce minister Mangaliso Ndlovu and captains of industry in the capital....
By Staff reporter | Published: 20 November 2018
MINES minister Winston Chitando yesterday told Parliament that he was not afraid of what would come out from the forensic audit on Hwange Colliery Company, saying that it must proceed to its conclusio...
By Staff reporter | Published: 20 November 2018
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
