Employers and employees will pay more pension contributions to the National Social Security Authority (NSSA) after the raising of pension fund by one percent.The development, to be effected in June, ...
Government is to sign an agreement with Green Fuel this week to pave way for the issuance of a five percent mandatory blending licence.The agreement will see government owning a 51 percent share.The...
Innscor Africa faces a penalty from the Competition and Tariff Commission for not giving notice of its intent to acquire a majority stake in National Foods. The commission noted during a stakeholder...
MBCA Bank and Mukuru.com have partnered in providing instant money transfer service to MBCA and non-MBCA customers.MBCA Bank said it is pleased to be in partnership with Mukuru.com in the provision o...
The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Gideon Gono says he is aware of the dispute between founder of Kingdom Bank, Nigel Chanakira and Spiritage Group CEO, Matthew Wazara.In a statem...
Spanish multi-national retailer Mango says it will enter the Zimbabwean market this year, among 3 other new markets. The group announced last week, that the Catalan company would enter four new mark...
AFRASIA Kingdom Bank has run into serious problems and is facing censure by the Reserve Bank after it emerged this week it is reeling from a massive US$21 million under-performing loan and could be...
Two months after Cabinet endorsed a plan to unbundle loss making Zesa Holdings, government has made key appointments to head newly created stand-alone units, with group CEO, Josh Chifamba reportedly ...
MOBILE telecommunications firm, Telecel, plans to roll out an additional 120 base stations by July this year in a bid to increase population coverage and cater for demand, a senior company executive ...
HOSPITALITY concern, Rainbow Tourism Group (RTG) plans to increase its revenue per available room to US$44 by year-end from the US$35 recorded at the end of 2012.Despite posting a loss before tax of ...
BROADBAND provider Powertel is in negotiations with the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) as the regulator intends to begin issuing converged licences for servic...
Embattled mining firm, RioZim Limited, is restructuring its expensive debt to fend off a going concern crisis after high interest rates guzzled into profits, generating a US$5,5 million net loss duri...
DUAL listed banking group, ABC Holdings Limited, says it plans to raise a further US$100 million in 2013 to consolidate its expanding regional operation, after injecting US$50 million through a right...
Savanna Tobacco says it has conquered the Matabeleland region and has now set its eyes on foreign markets, particularly Ivory Coast and Sudan. The company's chief operating officer Tongesai Zvarav...
In a bid to accommodate increasing demand for rail services ahead of schools opening, NRZ has introduced additional passenger train coaches.The second school term begins tomorrow.In a stateme...
DZLH has completed the process of rationalisation and the group resumed normal production in April, group CEO Anthony Mandiwanza told the AGM this morning. "The rationalisation programme which...
Interfin Financial Services publishes an update saying that the curatorship period for Interfin Bank was extended for further 6 months up to June 30 and the bank has not been able to reopen as previ...
AfrAsia Kingdom Zimbabwe is retrenching part of its staff under a "voluntary separation exercise". The financial services group recently said it was restructuring or streamlining operations as part ...
PLATINUM mining giant Zimplats recorded an operating profit of US$65 million for the quarter ended March 31, 2013, representing a 26 percent increase over the same period last year. Revenue for the ...
CBZ is still maintaining the forecast it made at its last analyst briefing of 10% growth in total income, group chief finance officer Never Nyemudzo told the AGM today. "We expect our balance ...
Phoenix has had a tough 4-5 months and at this stage it looks like it will be making a smallish loss for the half year to April, group CEO Francis Rodrigues told the AGM this afternoon. He said...
Air Zimbabwe has aligned itself to another milestone by covering all domestic routes on daily frequency, serving Johannesburg along with Bulawayo and Victoria Falls with daily flights from Harare. T...
Rainbow Airlines has applied to the aviation licensing board seeking permission to fly within and outside Zimbabwe.Part of the latest Government Gazette published last Friday read: "Notice is hereby...
Emirates has emphasised its commitment to offering Zimbabwean travellers year-round competitive and value for money economy fares, with a high quality of service and experience while travelling to ...
Mukuru.com launches the 'Mukuru Card'.Mukuru.com said it is excited to announce the launch of the Mukuru Card, a safe and secure way for you to bank with InterAfrica-Mukuru in South Africa.What is...