Financial Highlights:- Revenue: $ 105 682 000- Gross profit: $ 21 280 000- Operating profit: $ 2 104 000- Loss before taxation: $ (6 822 000)- Loss for the year: $ ( 4 665 000)- Dividend: Nil- Total c...
By RIOZ | Published: 27 March 2014
Financial Highlights:- Revenue: $ 4 460 871- Gross profit: $ 1 369 659- Operating profit: $ 759 494- Profit before taxation: $ 299 166- Profit for the period: $ 299 166- Dividend: Nil- Total comprehen...
By RADR | Published: 27 March 2014
VUMBACHIKWE Gold mine in Gwanda has been forced to cease operations amid revelations the mine failed to comply with an order from the Environmental Management Agency (EMA) to protect the environment S...
By Staff reporter | Published: 27 March 2014
CHOPPIES Enterprises Limited has taken over Solomons Supermarket in Bulawayo as it continues to expand its supermarket chain, in a deal expected to create more jobs particularly for the city's unemplo...
By Staff reporter | Published: 27 March 2014
ZIMBABWE is fulfilling terms of a payment plan it entered into with international financiers towards clearing the $6,1 billion global debt that it owes them, Finance Minister Patrick Chinamasa has sai...
By Conrad Mwanawashe | Published: 27 March 2014
ZIMBABWE is courting China Power Investment Corporation to invest in the $2,2 billion Sengwa Thermal Power Station in Gokwe, Finance Minister Patrick Chinamasa has said."We have held meetings with CPI...
By Business Reporter | Published: 27 March 2014
Zimbabwe is not prepared to slash its public sector wage bill to meet debt-reduction plans agreed with the IMF because it will involve too many job cuts, the finance minister said on Wednesday.The Int...
By Reuters | Published: 26 March 2014
Listed construction firm Masimba Holdings Ltd is strengthening its presence in the region and aiming to double its exports this year.Masimba chief executive officer Canada Malunga told analysts this a...
By Staff reporter | Published: 26 March 2014
Zimbabweans do not understand how banking systems work hence they usually get a raw deal from bankers who take advantage of their ignorance.Addressing parliamentarians recently, Bankers Association of...
By Staff reporter | Published: 26 March 2014
The Tobacco Industry and Marketing Board says more than 28 million kilogrammes of tobacco have been delivered to all the country's auction floors since the beginning of the marketing season, a 16 perc...
By Staff reporter | Published: 26 March 2014
ZSE's Industrials stayed in the red on Wednesday as prices in blue chip counters continued to fall but daily volumes improved again largely on bargain hunters swooping on perceived cheap shares.Heavyw...
By Staff reporter | Published: 26 March 2014
Financial Highlights:- Net interest income: $ 21 631 039- Net income from lending activities: $ 19 896 338- Net insurance premium income: $ 8 030 968- Total income: $ 63 218 536- Operating income: $ 3...
By ZBFH | Published: 26 March 2014
ABC Holdings (ABCH) seeks $360 million to capacitate it to be lender-of-last-resort to its banking subsidiaries.This comes as last year the group secured $135 million in lines of credit out of which $...
By Staff reporter | Published: 26 March 2014
Newly appointed Reserve Bank of Zimbabwe governor John Mangudya must stick to central bank's advisory role to government and regulation of the financial sector, economists say. They said apart from fa...
By Staff reporter | Published: 26 March 2014
China Exim Bank has granted Zimbabwe a $218 million loan to finance installation of a national mobile broadband network ecosystem, businessdaily has learnt.Chinese firm Huawei Technologies (Huawei), t...
By Staff reporter | Published: 26 March 2014
Listed Dairibord Holdings Limited (Dairibord) plans to shut down its Gweru plant as part of strategies to contain costs and rationalise operations.This comes as the milk processor last year closed its...
By Staff reporter | Published: 26 March 2014
THE Industrial Development Corporation is scouting for a partner to either mine or process lithium ore into other value-added products such as batteries.The project feeds into the worldwide increase i...
By Staff reporter | Published: 26 March 2014
Unifreight Limited will not make a mandatory offer to minority shareholders of Pioneer Corporation Africa, in line with Zimbabwe Stock Exchange rules, as Zimbabwe's equity laws don't allow foreigners ...
By Staff reporter | Published: 26 March 2014
Demand for cement in Zimbabwe has declined as a result of sluggish activity in the country's construction sector and difficult economic conditions.Research by pan-African financial services company Im...
By world cement | Published: 25 March 2014
BancABC Zimbabwe contributed to the group's profitability in the year to December 31, 2013 despite liquidity challenges in the operating environment.BancABC Zimbabwe was one of the three country divis...
By Staff reporter | Published: 25 March 2014
Financial Highlights:- Net interest income before impairment of advances: BWP 1 010 331 000- Net interest income after impairment of advances: BWP 682 357 000- Total income: BWP 1 374 451 000- Net inc...
By ABC | Published: 25 March 2014
ZB Financial Holdings will focus on cost containment and operational efficiency as key aspects to delivering growth in FY14, CE Ronald Mutandagayi told analysts at the firm's inaugural analyst briefin...
By Staff reporter | Published: 25 March 2014
The Deposit Protection Corporation (DPC) has managed to reimburse only 1 606 depositors out of 8 496, whose accounts were closed when three banks were shutdown.DPC chief executive officer John Chikura...
By Staff reporter | Published: 25 March 2014
THE country's leading mobile operator, Econet, and local finance institutions were set to sign an agreement that would see Zimbabweans enjoying lower banking tariffs, it has been learnt.FBC Holdings c...
By Staff reporter | Published: 25 March 2014
NEWLY-APPOINTED Reserve Bank of Zimbabwe (RBZ) governor John Mangudya reportedly attained his PhD in Business Administration from an unaccredited institution of higher learning, Washington Internatio...
By Staff reporter | Published: 25 March 2014
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
