FINANCIAL SERVICES

OMZL bets on real assets under the hyperinflationary environment

Insurance giant Old Mutual Zimbabwe released its financial results for the half year ended 30 June 2019. The headline figure was the 671% growth in profit before tax to $509.2 million while operating ...

By Staff reporter | Published: 23 September 2019

INDUSTRIALS & ENERGY

Axia upbeat despite tough economic environment

AXIA Corporation Limited says it sees greater opportunities going forward helped by struggling competitors as the going gets tough economically.Zimbabwe is struggling with acute cash shortages and loc...

By Staff reporter | Published: 30 November 2018

FINANCIAL SERVICES

MFIs post $9,8m profit despite tough economic environment

DESPITE the tough economic environment, credit microfinance institutions (MFIs) posted $9,8 million profit in the first nine months of 2018 on the back of increased demand for micro loans by individua...

By Staff reporter | Published: 21 November 2018

MINING & RETAIL

Formulate environment policy to control small-scale miners

AN environmental and cultural rights lawyer has called for a proper and clear policy framework that can enable small-scale miners to operate without harming the environment while contributing to the e...

By Staff reporter | Published: 25 July 2018

BUSINESS NEWS

Govt urged to establish Environmental Commission

PARLIAMENT has recommended the establishment of an Environment Commission by January next year to protect the environment, including wetlands.The issue was suggested in a recent report by the Parliame...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Iron and steel makers seek $20 million

THE iron and steel sector is negotiating with the Reserve Bank of Zimbabwe (RBZ) for a $20 million facility to source raw materials and new equipment.This comes as the sector is undercapitalised and a...

By Staff reporter | Published: 06 May 2018

BUSINESS NEWS

Beitbridge expansion an environmental time bomb

Beitbridge municipality has been cautioned against the continued expansion of residential settlements west of Dulivhadzimo, as this is threatening the town's supply dams.An environmentalist said the w...

By Staff reporter | Published: 03 April 2018

BUSINESS NEWS

Zim's business environment

Zimbabwe's business environment remains difficult despite an improvement in confidence and optimism, results from the Confederation of Zimbabwe Industries (CZI) Business Confidence Index show. CZI pre...

By Staff reporter | Published: 22 February 2018

BUSINESS NEWS

'Zimbabwe investment environment gloomy'

Zimbabwe's investment outlook remains gloomy with this year's harmonised elections likely to generate uncertainties, the African Development Bank (AfDB) has said.President Emmerson Mnangagwa told Stat...

By Staff reporter | Published: 19 January 2018

MINING & RETAIL

PPC spends $2.5m on environmental compliance

GIANT cement maker PPC Zimbabwe says it has spent $2.5 million to curb high stack emissions in the last two years at its Colleen Bawn plant in line with the environmental compliance regulations.The pl...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

Iron ore joins base metals price rally

After a string of down days, the Northern China import price of 62 percent Fe content ore bounced back on Thursday. According to data supplied by The Steel Index the steelmaking raw material jumped 5,...

By Frik Els | Published: 22 August 2017

BUSINESS NEWS

Environment law delays diamond mining

THE Zimbabwe Consolidated Diamond Corporation's plan to produce two million carats (400kg) by year-end seemed to be in jeopardy after it emerged last week that the State-owned entity might have to wai...

By Staff reporter | Published: 13 August 2017

CONSTRUCTION & PROPERTY

Govt urged recapitalise engineering sector

The government has been advised to recapitalise the engineering sector and effectively utilise its broad-based skills to harness revenue for the potential growth of the industry.Lack of investment and...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

'SA investors wary of Zim environment'

Prospective South African investors have expressed concern over bureaucracy and inefficiencies in the Zimbabwean business environment.Confederation of Zimbabwe Industries (CZI) president Charles Msipa...

By Staff reporter | Published: 21 June 2015

MINING & RETAIL

Chinese company wants mineral guarantee to set up stainless steel plant

Tsingshan Iron and Steel Group of China is planning to establish an integrated stainless steel manufacturing plant in Zimbabwe, which will incentivise the company's involvement in infrastructure refur...

By Staff reporter | Published: 13 March 2014

INDUSTRIALS & ENERGY

Overheads, environment affects Innscor

LISTED retail conglomerate Innscor Africa Limited's top line vaulted by 55,4 percent in the interim to December 2013, but the difficult operating environment  and huge overheads took the gloss of...

By Business Reporter | Published: 10 March 2014

BUSINESS NEWS

'Create enabling economic environment'

A local economist, John Robertson said that Zanu-PF manifesto will not help the country to move forward and should create a favourable economic environment that attracts foreign direct investment. God...

By Business reporter | Published: 06 August 2013

ECONOMC INDICATORS

Zimbabwe policy environment least supportive in the world

The World Economic Forum (WEF) has said Zimbabwe's policy environment is one of the least supportive in the world due to restrictive laws regarding foreign direct investment and property rights.&nbs...

By Fin24 | Published: 10 June 2013
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