Rebel clashes with government forces in Mozambique has prompted VTB Group, Russia's second-largest bank, to halt a proposed sovereign debt transaction in the country. Rebels tied to the opposition Moz...
By Bloomberg | Published: 23 August 2013
Zimbabwe's banks stand to collectively lose $73 million as a result of the Memorandum of Understanding between Bankers Association of Zimbabwe and the RBZ which effected a slash on bank charges and t...
By Business reporter | Published: 23 August 2013
Meikles Africa Ltd's bid to venture into the mining sector could suffer a major setback after a plan to take over a resource group hit a brick wall amid concerns directors of the group's partners â€...
By Business reporter | Published: 23 August 2013
The Industrial Development Corporation, a commercial arm of government, is contemplating changing its business model from a venture capital company to a development financial institution. Venture capi...
By Business reporter | Published: 23 August 2013
Zimbabwe is expected to table a proposal for southern African countries to establish a regional airline, part of measures envisaged to solve the connectivity problems faced by millions of tourists tra...
By Business reporter | Published: 23 August 2013
A few months after Zesa Holdings cleared a massive $100 million debt owed to Mozambique's Hydro Cahora Bassa, investigations this week shows that the debt is on the rise again. Zesa offices Bulawayo s...
By Business reporter | Published: 23 August 2013
Liquid Telecoms Zimbabwe has been appointed the official connectivity provider for the forthcoming United Nations World Tourism Organisation general assembly. In preparation for the general assembly, ...
By Business reporter | Published: 23 August 2013
Impala Platinum, an 87% shareholder in Zimplats, may pass on the final dividend when it announces its year-end results, scheduled for August 29 - a development that would restrict returns to sharehold...
By Business reporter | Published: 23 August 2013
The U.K. banking regulator says it has reached a deal with 13 major banks and credit card issuers to compensate customers who were mis-sold credit card protection.The bill could be up to £1.3 billion...
By CNBC | Published: 23 August 2013
Stocks closed higher on Thursday with the major averages holding onto their gains after the Nasdaq reopened from a more than three hour trading halt.A technical problem led to a halt of all Nasdaq tra...
By Justin Menza | Published: 23 August 2013
ELECTRICITY outages are set to continue until February next year due to maintenance work being carried out at the country's major power stations in Kariba and Hwange, Zimbabwe Power Company (ZPC), ha...
By Staff reporter | Published: 23 August 2013
Zimbabwe will continue to implement the controversial indigenisation policy, President Robert Mugabe said in his inauguration speech on Thursday.Mugabe said his government will seek to give indigenou...
By Staff reporter | Published: 23 August 2013
ZIMBABWE Stock Exchange-listed manufacturing concern Turnall Holdings has reported an after-tax loss of $111 875 for the six months to June compared with a profit of $874 118 recorded during the same ...
By Business Reporter | Published: 23 August 2013
ZIMBABWE Stock Exchange-listed mining company RioZim is set to resume operations at its Cam & Motor mine in the second quarter of next year.The Kadoma based mine, once the country's biggest produc...
By Business reporter | Published: 22 August 2013
JOHANNESBURG - South African workers at carmakers including Toyota Motor Corp, Bayerische Motoren Werke AG (BMW) and General Motors Co will strike for a fourth day today while employers reopen wage ta...
By Bloomberg | Published: 22 August 2013
VENTURES AFRICA - The global power utility, General Electric, on Monday said it was happy to do business in Africa, particularly East Africa, as the continent was facing a firm economic surge.Jay Irel...
By Business reporter | Published: 22 August 2013
The Zimbabwe Power Company says it requires $500 million to extend the lifespan of Hwange Power station's aged plant by at least 25 years.In a power generation status update released yesterday, the co...
By Business reporter | Published: 22 August 2013
FBC Holdings is negotiating for a $10 million line of credit with an offshore investor to be repaid over 10 years, chief executive Mr John Mushayavanhu said.The line of credit is being facilitated by ...
By Business reporter | Published: 22 August 2013
President Robert Mugabe, Africa's oldest leader at 89, was sworn in on Thursday for a new five-year term in the face of criticism from opponents and the West that the election he won in July was deepl...
By Reuters | Published: 22 August 2013
The re-election on President Robert Mugabe in Zimbabwe appears to have unsettled foreign investors who have since embarked on selling off listed stocks.Since President Mugabe's re-election on the Jul...
By Staff reporter | Published: 22 August 2013
Mobile telecommunications giant, Econet Wireless, says statutory regulator, the Post and Telecommunications Regulatory Authority, has no business in operational areas and needs to confine itself to be...
By Staff reporter | Published: 22 August 2013
TelOne, the country's fixed line operator is aiming to recover $50 million by year end through a debt collection campaign that started early this week.The company's chief executive Mrs Chipo Mtasa sai...
By Business reporter | Published: 22 August 2013
Telecel Zimbabwe today (Wednesday) officially opened its new branch in Victoria Falls, just two days before the United Nations World Tourism Organisation general assembly opens in the resort town.The ...
By Mike Hamilton | Published: 21 August 2013
The Post and Telecommunications Regulation Authority of Zimbabwe(Potraz) has told Econet to apply for permission to run the promotion in which they slashed tariffs by 60%.Potraz says that the promoti...
By Business reporter | Published: 21 August 2013
Turnover at Pick n Pay's Zimbabwean joint venture TM Supermarkets grew by 5% during the quarter to the end of June as the supermarket chain continues to boost its presence in the country by adding mor...
By Business reporter | Published: 21 August 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
