MOBILE telecommunications operator, Econet Wireless Zimbabwe (Econet), is owed over $26 million by local partners, a situation that has affected the firm's cash flow, chairman, James Myers, has said....
By Staff reporter | Published: 07 September 2017
ONE of India's leading ferrochrome manufacturers, Balasore Alloys, controlled by the Mittal family, is on the cusp of taking over chrome miner, Zimbabwe Alloys (Zim Alloys), with plans to inject nearl...
By Staff reporter | Published: 07 September 2017
A ban in the importation of at least 100 basic consumer goods imposed by government last year fuelled foreign currency shortages after recovery of local companies increased demand for forex, Reserve B...
By Staff reporter | Published: 07 September 2017
FIRST Mutual Holdings Limited (FML) has said shareholder assent for the acquisition of NicozDiamond has poised the company to bolster its balance sheet to nearly $300 million by year end.Speaking to T...
By Staff reporter | Published: 07 September 2017
GOVERNMENT is planning to re-establish agricultural boards, a move likely to result in the restoration of controls that had ended with liberalisation of the economy in the late 1990s.Minister of Agric...
By Staff reporter | Published: 07 September 2017
AFRICAN Development Bank (AfBD) is hunting for a country manager after Mateus Magala left the Zimbabwean mission two years ago to head Mozambique's energy development utility.Well-placed sources at th...
By Staff reporter | Published: 07 September 2017
TREK Petroleum faces closure after the Zimbabwe Revenue Authority (ZIMRA) garnished its bank accounts over a $45 million tax debt.According to court documents, the tax was incurred by a company called...
By Staff reporter | Published: 07 September 2017
MONEY shortages in Zimbabwe have changed power politics at banks, once again, bringing back the nation's old pastime - queuing.The customer, who normally should be king, is now subservient to the secu...
By Staff reporter | Published: 07 September 2017
CHAOS continues to rein supreme at the Zimbabwe National Roads Administration (ZINARA) amid indications that Ministry of Transport and Infrastructure Development's permanent secretary Machivenyika Map...
By Staff reporter | Published: 07 September 2017
FAST moving consumer goods manufacturer, Olivine Industries, which recently laid off nearly a third of its employees, has temporarily rescinded the plan after workers opposed the move and now seeks to...
By Staff reporter | Published: 07 September 2017
ZIMBABWE'S insurance firms are rapidly realising that they will need to strategically partner with deep-pocketed and innovative players in the industry to stay relevant in an increasingly digital envi...
By Staff reporter | Published: 07 September 2017
GOVERNMENT has tasked the Forestry Commission to spearhead its command agriculture programme targeting fruit tree production, a Cabinet Minister has said.The government last year launched the command ...
By Staff reporter | Published: 07 September 2017
ZIMBABWE will this year import about 345 000 tonnes of wheat as preliminary data indicates that the 2017 winter crop will produce an estimated 105 000 tonnes.The Grain and Feed Annual Report (GFAR) fo...
By Staff reporter | Published: 07 September 2017
THE illegal trade in counterfeit pesticides by unregistered dealers is putting farmers' and consumers' lives at risk as unregulated and often toxic chemicals enter the food chain, a government officia...
By Staff reporter | Published: 07 September 2017
GRANT Thornton, which is overseeing the liquidation of Jaggers Wholesalers, has dismissed claims by ex-workers that the exercise had been hit by corruption.Former workers told The Financial Gazette th...
By Staff reporter | Published: 07 September 2017
ZIMBABWEANS in the Diaspora have the capacity to contribute significantly towards reviving the country's ailing economy, which is afflicted by low levels of foreign investment.Diaspora Infrastructure ...
By Staff reporter | Published: 07 September 2017
ZIMBABWE could soon start experiencing inadequate supplies of food and other products caused by worsening foreign currency shortages, local retailers have warned.Confederation of Zimbabwe Retailers (C...
By Staff reporter | Published: 07 September 2017
A NEW airline company, MJ Air Private Limited, has applied for a permit to launch operations in Zimbabwe.The Air Services Board announced in a notice in the August 18 issue of the Government Gazette t...
By Staff reporter | Published: 07 September 2017
BEITBRIDGE Town Council is seeking investment partnerships to develop key infrastructure and other major capital projects on a private public partnerships basis.Council chairperson, Mrs Showa Moyo sai...
By Staff reporter | Published: 07 September 2017
ZIMBABWE'S foreign currency receipts rose 6,6 percent to $3,2 billion in the eight months to August from $3 billion in the comparable period last year, buoyed by mineral earnings, according to central...
By Staff reporter | Published: 07 September 2017
THE total value of Zimbabwe Stock Exchange hit a new record high on Tuesday as investors holding on to near-cash assets continue to pile into the bourse as a safe haven over currency concerns. At pres...
By Staff reporter | Published: 07 September 2017
The Reserve Bank of Zimbabwe (RBZ) is set to resolve the increasing foreign currency allocation challenge that has hit local retailers and suppliers who for a long time have been failing to secure sto...
By Staff reporter | Published: 07 September 2017
Listed financial services group, Fidelity Life Assurance Company, is in the eye of a storm after failing to honour its side of the bargain to purchasers, who bought residential stands at its South Vie...
By Staff reporter | Published: 07 September 2017
KADOMA Paper Mills (KPM) is experiencing capacity constraints with one machine that can only meet 54% of the 700-tonne demand for tissue paper in Zimbabwe and having to import waste paper.As a result ...
By Staff reporter | Published: 07 September 2017
FIRST Mutual Holdings Limited (FMHL) says it has found a buyer for its 19,8 percent stake in hotel concern, Rainbow Tourism Group (RTG), from which it has been seeking to exit for the past two years.T...
By Staff reporter | Published: 07 September 2017
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
