Lebanese-based engineering group, El-Nour United Engineering for Construction and Commerce has entered into a joint venture with Harare City Council to construct a $3 million shopping mall in Mb...
INDUSTRY has raised concern over the high bank charges and short-term licences imposed on various sectors which are discouraging savings and investment in the country. The Zimbabwe National Chamber of...
PPC Zimbabwe has started preparatory work towards the construction of clinker plant and cement grinding mill this year, managing director Mr Njombo Lekula has said. "The project feasibility study for ...
A five member International Monetary Fund (IMF) comprising economists is in the country for the first Article IV consultations visit and Staff Monitoring Programme (SMP).The second visit is set for Oc...
Mbada Diamonds (Pvt) Ltd., working in Zimbabwe's eastern Marange fields, will switch to underground mining from surface digging, escalating investment in the region.Mbada, in a 50:50 joint venture wit...
Zimbabwe is remodeling the consumer price index in line with regional practices in a bid to increase regional integration.The new consumer price index will have new weights and a new classification d...
Zimbabwe's improved tele-density has opened up opportunities for mobile money services.This should provide impetus for growth in the country's usage of electronic payment systems. Last week Informatio...
Money supply marginally grew by 2,1% in January 2014, an increase of 0,7 percentage points from the average 1,4% recorded in the last quarter of 2013, latest central bank statistics show.The Reserve B...
ZSE shares slipped further down on Tuesday as blue chips Delta and Econet extended losses while volumes remained subdued across the board.The Industrials Index dropped 0.77 points or 0.41% to 185.08 w...
RTG posted a $1.058 million PAT for the year ended 31 December 2013 from a loss of $5.887 million in 2012 after meeting its targets in restructuring the balance sheet, reducing costs and reducing the ...
During the week under review, the bourse recorded subdued activity with only seven counters recording decent volumes. Market turnover closed the week 19.3% weaker at $7.6m on the back of 42.65m shares...
More Zimbabwean banks are increasingly becoming foreign-owned despite government's aggressive indigenisation programme, the Bankers Association of Zimbabwe (Baz) has said.Although President Robert Mug...
Savior Kasukuwere made international news headlines during the inclusive government when he campaigned vigorously for the Indigenisation of foreign-owned firms in the country.One does not need to be a...
Direct government to government co-operation between France and Zimbabwe will resume before the end of the year, French Ambassador to Zimbabwe, Laurent Delahousse has said.Delahousse told a Zimb...
THE Zimbabwe National Road Administration (Zinara) plans to raise $47 million revenue this year through the fuel levy which will be channelled towards road rehabilitation and maintenance, a government...
The National Social Security Authority (NSSA) is embroiled in a financial statement storm after allegedly misleading external auditors, the public and government over the purchase of 36,21% equity wor...
THE Confederation of Zimbabwe Industries (CZI) was yesterday set to hold an emergency meeting to map ways of containing the retrogression in the economy characterised by widespread company closures an...
The country's largest mobile telecommunications company by subscription - Econet Wireless has scored another first after launching its own EcoCash Android application.EcoCash is a mobile payment platf...
Local advertising agency, Jericho Advertising, has scored a first for Zimbabwe after chief executive Mr Denford Magora and the firm's executive director Mr Ashley Mhonda were appointed to top advertis...
The Board of Directors of Pioneer Corporation Africa Limited has announced the resignation of Albert S. Ushe as Group Chief Executive Officer with effect from 28th February 2014. Having completed tw...
Zimbabwe moved into deflation after the annual rate of inflation for February shed 0,90 percentage points to minus 0,49 percent due to continuing price fall with some economists seeing this as a tempo...
THE collateral required by the Africa Export and Import Bank may sideline many banks willing to participate on the interbank market, banking sources said yesterday.Afreximbank is the guarantor of the ...
The new Zimbabwe Broadcasting Corporation (ZBC) Board held its first meeting on Monday at Pockets Hill in Harare, with focus on revamping the national broadcaster.All board members comprising the Chai...
The government says the current fuel blending exercise will not reduce the price of the commodity.In an interview on the sidelines of a presentation on challenges facing the energy sector to students ...
Rich pickings by former Premier Services Medical Aid Society group chief executive officer Dr Cuthbert Dube and other senior executives may not have been taxed since 2009, it has emerged.This past wee...