ZIMBABWE

Seedco seeks to merge Zimbabwe operations for secondary listing

Pursuant to the proposal to transfer the ZSE Secondary Listing of Seed Co International Limited from the ZSE to the soon to be established VFEX, a proposal to merge the Zimbabwean operations, held und...

By Staff reporter | Published: 01 September 2020

POLITICS

Obert Mpofu, Jacob Mudenda emerge as Mnangagwa's new targets for purging

AFTER weeding out his new rivals - who brought him to power - in the security sector, President Emmerson Mnangagwa has now shifted the purges to Zanu-PF, targeting the ruling party's heavyweights seen...

By Staff reporter | Published: 11 July 2019

CONSTRUCTION & PROPERTY

Lafarge emerges from loss position to post US$1,3m profit

Lafarge Cement Zimbabwe Limited reversed its prior year-after-tax loss of US$0,6 million to a profit margin of US$1,3 million in the year-ended December 31, 2018, driven by growth in revenue and an e...

By Staff reporter | Published: 03 May 2019

FINANCIAL SERVICES

CABS merge branches

CABS is merging its Greendale and Chisipite branches with effect from February 25 as a way of enhancing its digitalisation efforts.In a statement, the bank which boasts of more than 50 branches across...

By Staff reporter | Published: 02 January 2019

TELECOMS & TECHNOLOGY

Shareholders approve Cassava demerger, separate listing

SHAREHOLDERS of Econet Wireless have approved the demerger of Cassava SmarTech from Econet Wireless Zimbabwe Limited, paving the way for the listing of a new diversified technology business called Cas...

By staff reporter | Published: 03 December 2018

FINANCIAL SERVICES

NicozDimond, Tristar merger commences

The directors of Tristar Insurance Company Limited (Tristar), a short-term insurance unit of First Mutual Holdings Limited (FML), have passed a resolution to seek the approval of the Minister of Finan...

By Staff reporter | Published: 21 September 2018

TELECOMS & TECHNOLOGY

Telecoms firms merger project talks underway

Talks to merge three telecommunications companies, Zarnet, Powertel and Africom, are underway and will be finalised by the end of the year, businessdigest has learnt.Powertel and Zarnet are both State...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Mergers, acquisitions in Africa decline

Total deal volumes and values of Merger and Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declining 44 percent in deal volume and 57 percent in aggregate value, ...

By CNBC Africa. | Published: 23 July 2018

BUSINESS NEWS

Zim aviation well equipped for emergencies

THE Civil Aviation Authority of Zimbabwe (CAAZ) says it is well equipped and ready to attend to any aviation related emergencies anywhere in the country.Rescue and security agencies among other respon...

By Staff reporter | Published: 05 July 2018

POLITICS

Zimbabwe rules out state of emergency after Mnangagwa bombing

Presidential spokesperson has ruledg out a state of emergency after an explosion at the president's campaign rally on Saturday that state media has called an assassination attempt.George Charamba tell...

By Staff reporter | Published: 24 June 2018

TRANSPORT & TOURISM

NRZ emerges from the doldrums

THE National Railways of Zimbabwe (NRZ) - a critical state enterprise which is part of the economy's locomotive - is slowly but surely emerging from the doldrums it has been firmly stuck in for years ...

By Staff reporter | Published: 01 June 2018

BUSINESS NEWS

Investment bodies to merge

Government is working on an interim arrangement that will see departments directly involved in serving investors coming under one roof, as it emerged establishing a full-fledged Zimbabwe Investment an...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

'New law to drive mergers, takeovers'

National Assembly Speaker Jacob Mudenda has said the new company law currently being formulated will remove bottlenecks to mergers and takeovers.Speaking at the CEO Africa Roundtable breakfast meeting...

By Staff reporter | Published: 18 May 2018

POLITICS

Cracks emerge in MDC Alliance

Fissures in the MDC Alliance came out in the open yesterday with senior officials in the pact trading insults on micro-blogging site, Twitter.People's Democratic Party leader Mr Tendai Biti clashed wi...

By Staff reporter | Published: 15 May 2018

POLITICS

Cracks emerge in MDC Alliance

FRESH cracks are emerging in the MDC Alliance with some members accusing MDC-T of holding primary elections in constituencies that have been allocated to other political parties within the alliance.It...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

Baz, Potraz top merge

CABINET has approved a proposal to merge the Broadcasting Authority of Zimbabwe (Baz) and the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) in a development meant to foster t...

By Staff reporter | Published: 28 April 2018

TELECOMS & TECHNOLOGY

Powertel, Africom and ZARnet to merge

State enterprises Powertel, Zarnet (Zimbabwe Academic and Research Network) and Africom were announced to be merging by Finance Minister Patrick Chinamasa. Most readers will be familiar with Powertel ...

By Staff reporter | Published: 17 April 2018

INDUSTRIALS & ENERGY

'No need to merge NetOne, Telecel'

THERE is no need to merge NetOne and Telecel Zimbabwe as they have turned the corner, and are now performing well.Government holds 100 percent shareholding in NetOne and 60 percent in Telecel.The rema...

By Staff reporter | Published: 26 February 2018

JOBS

Project Assistant - Emergency Food Security & Vulnerable Livelihoods (EFSVL): Oxfam

Project Assistant – Emergency Food Security & Vulnerable Livelihoods (EFSVL): OxfamDeadline: 14 February 2018Oxfam is a global movement of people who won't live with the injustice of poverty. To...

By Oxfam | Published: 02 February 2018

POLITICS

Cracks emerge in Mnangagwa's Zanu-PF

FRESH cracks have emerged in Zanu-PF over the selection of delegates to attend Friday's extraordinary congress amid claims that bona fide officials were being dropped by new provincial leaders, who ar...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

RBZ sets deadline for bank's demerger

THE Reserve Bank of Zimbabwe (RBZ) has set December 31, 2017, as the deadline for the separation of ZB Financial Holdings Limited (ZBFHL) from Intermarket Holdings Limited (IHL), which will see banker...

By Staff reporter | Published: 11 December 2017

BUSINESS NEWS

10 mergers, acquisitions approved

THE Competition and Tariff Commission (CTC) has approved 10 mergers and acquisitions in the first six months of 2017 supporting the survival of local companies.Most of the transactions approved by the...

By Staff reporter | Published: 22 September 2017

BUSINESS NEWS

Issuing of emergency passports resumes

The Registrar-General's Office has resumed issuing emergency passports and rubbished reports that it had run out of paper to print the documents due to a shortage of foreign currency.The office tempor...

By Staff reporter | Published: 21 September 2017

BUSINESS NEWS

BCC in $3.1m emergency road works

BULAWAYO City Council (BCC) has received $3,1 million from the Zimbabwe National Road Administration for emergency road works ahead of the Presidential Youth Interface Rally to be held in the city at ...

By Staff reporter | Published: 21 September 2017

INDUSTRIALS & ENERGY

AfriSam, PPC merger can create significant benefits

AfriSam Group is confident its proposed merger with PPC Ltd has potential to create significant benefits for all shareholders and stakeholders."AfriSam and PPC have a proud collective business history...

By Agencies | Published: 20 September 2017
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