Kingdom Bank is set to acquire the assets of Zimbabwean telecoms operator Spiritage, owned by former Econet Wireles Group executive Zachary Wazara, through a court order to settle unpaid loans worth...
By Staff reporter | Published: 10 June 2013
ECONET Wireless Zimbabwe will pay out about US$26,5 million worth or the cash equivalent to acquire the remaining 55 percent ordinary shareholding in TN Bank Limited. Econet and TN did not reveal t...
By Business Reporter | Published: 10 June 2013
The African Development Bank (AfDB) says the recent enactment of the Preferential Procurement Policy Framework Act (PPPFA) by South Africa is against the promotion of free trade under the Sadc Trad...
By Staff reporter | Published: 10 June 2013
A Russian resources company hand entered the race for the acquisition of asbestos products manufacturer, Turnall Holdings.This move has raised the stakes in a bid that could see potential suitors ad...
By Business reporter | Published: 10 June 2013
ZSE's Minings jumped 3.36% in hushed Monday trades after gold miner Falgold gained 3.01c to 16.01c whilst the Industrials managed modest gains in thin volumes.The Industrials Index gained 0.06 point...
By Business reporter | Published: 10 June 2013
The ZSE Industrials gained 4.4% to close the week at 163.3. On the Zfn board, the All Share Index was up 4.48% to 109.67 on $10.5 million trades. The Top 10 index was up 5.75% to 113.54 and it const...
By Business reporter | Published: 10 June 2013
Zimbabwe has slipped down two places in the World Bank's ease of doing business 2013 survey, ranking 172 out of 185 economies.The report, released on January 14, ranks economies based on ease of do...
By Staff reporter | Published: 10 June 2013
Zanu-PF Chivi South legislator Irvine Dzingirai has declared himself the new owner of troubled Renco Mine. Dzingirai confirmed his take-over of the mine last Friday, claiming he was doing so as part...
By Staff reporter | Published: 10 June 2013
EIGHT lucky shoppers on Saturday won a car each in the Bellevue Spar Silver Jubilee promotion.The draw was conducted at one of the group's supermarkets, Raj Spar at the Nkulumane Complex in Bulawayo...
By Staff reporter | Published: 10 June 2013
Air Zimbabwe said on Thursday it has leased two aircraft which it will deploy on regional routes in March this year as part of its revival plans.The national carrier resumed limited flights late la...
By Staff reporter | Published: 10 June 2013
African Is Cool, an investment solutions company, has developed a smartphone investor-relations mobile application that lets investors access information about listed companies in Zimbabwe and Zamb...
By Staff reporter | Published: 10 June 2013
CHISUMBANJE - The multimillion dollar ethanol project in Chisumbanje is set to re-open after villagers and the company agreed on a wide range of issues meant to avert social disaster in Chipinge.Agr...
By Staff Reporter | Published: 10 June 2013
Industry and domestic electricity consumers have attacked Zesa Holdings for failing to properly manage power distribution following the introduction of a massive load-shedding programme earlier this...
By Staff Reporter | Published: 10 June 2013
Government recently approved restructuring proposals that will transform the shareholding structure in POSB and lead to the possible listing of the bank on the Zimbabwe Stock Exchange (ZSE), State E...
By Staff Reporter | Published: 10 June 2013
YUM! Restaurants International continues to expand the footprint of its KFC brand on the African continent, with plans to add stores in Tanzania, Uganda and Zimbabwe this year, the company said on ...
By Staff Reporter | Published: 10 June 2013
ZSE's rising momentum built up since January 3 continued on Thursday with strong performance from the market's heavily capitaised counters spurred by an upbeat trading update from Delta.The Industri...
By Business reporter | Published: 10 June 2013
Delta publishes a trading update for the quarter ending December 31 2012 saying revenue for the quarter October to December is up 14% and 16% year to
date supported by improved mix and minimal pri...
By Business reporter | Published: 10 June 2013
Econet Wireless Zimbabwe (Econet)'s share price yesterday advanced 5,11 cents to close at 485,11 cents on the Zimbabwe Stock Exchange (ZSE) as the mobile network operator hit eight million subscribe...
By Business reporter | Published: 10 June 2013
European Union Ambassador to Zimbabwe Aldo Dell'Ariccia said Zimbabwe's trade with the European Union slumped by 9.8% last year and the decline is due to the euro zone crisis and a poor...
By Business reporter | Published: 10 June 2013
The country's biggest shoe manufacturer, Bata Shoe Company, has been hit by a raw hides shortage which has seriously affected production at its Gweru factory.The shortage comes after suppliers incre...
By Business Correspondent | Published: 10 June 2013
New Dawn Mining announced an illegal and unprotected work stoppage at its Dalny Mine in Zimbabwe. The Company said it is currently dealing with this work stoppage in accordance with Zimbabwe la...
By Ndou Paul | Published: 10 June 2013
Zimbabwe is mooting plans to come up with a minerals stock exchange so it can realise full value for its precious gemstones.The minerals stock exchange - if it becomes operational - is largely expec...
By Business reporter | Published: 10 June 2013
The rising momentum on the ZSE continued on Wednesday with the Industrials rising for the 10th successive session amid improving volumes.The Industrials Index added1.20 points or 0.75% to 161.85 tak...
By Business reporter | Published: 10 June 2013
Zimbabwe's annual inflation rate eased to 2.91 percent in December, down from 2.99 percent the previous month due to reduced food and clothing costs, the national statistics agency said Tuesday.The ...
By Sapa-AFP | Published: 10 June 2013
Gold production at Blanket Mine in Gwanda increased 27 percent to 45 623 ounces last year compared to 35 826oz during the same period in 2011.The gold mine, which is partly owned by Caledonia Mining...
By Business Reporter | Published: 10 June 2013
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
