Lancashire Steel secures investor
Michael Magoronga Midlands Correspondent KWEKWE-based company, Lancashire Steel, has secured an Indian investor, Whinstone Enterprises and is set to resume operations soon. The company suspended...
View ArticleBarclays H1 profitability rises
Enacy Mapakame Business Reporter Barclays Bank of Zimbabwe Limited profit for the half year to June 30, 2018, jumped 43 percent to $13,6 million from $9,5 million as interest income improved during the...
View ArticleKnives out for POSB bosses
Business ReporterA major labour grouping in the financial services sector, has lined up a series of demonstrations against POSB’s board and management over an array of allegations, chief among them...
View Article12 Feared Dead in Chinhoyi Mine Collapse
By Walter Nyamukondiwa and Fortunate Gora At least 12 suspected illegal gold miners are feared dead after a mineshaft at Eldorado Mine in Chinhoyi collapsed on Monday evening. Rescue efforts are...
View ArticleWhy RBZ cash injections won’t ease crisis
SINCE the Reserve Bank of Zimbabwe (RBZ) announced incremental cash injections into the economy in July, bank queues have persisted; demand for foreign exchange has remained high while the parallel...
View ArticleOld Mutual investment returns on listed equities down
Old Mutual Zimbabwe (Old Mutual) has reported that profit after tax tumbled 40% to $53,9 million in the first half of 2018 from $89,3 million in the comparable period last year mainly due to a decline...
View ArticleSchweppes sees huge potential in citrus fruit production
Unaiswi Nyikadzino, the beverage maker’s commercial director, revealed that current suppliers were struggling to meet local demand for citrus fruit. Nyikadzino was speaking during a media tour of...
View ArticleWhy money alone can’t help beat poverty in Africa
JOHANNESBURG — Nigeria recently surpassed India to become the country with the highest number of people living in extreme poverty: 87 million. Nigeria is oil rich and boasts Africa’s fastest growing...
View ArticleSino Zim Cement gets ISO certification
Munyaradzi Musiiwa Midlands Correspondent GWERU-based cement manufacturing company Sino Zimbabwe Cement Company has been certified by the International Organisation for Standardization (ISO). The...
View ArticleFBC records $14,8m after tax profit
Business Reporter Banking group FBC Holdings Limited (FBCH) reported a 54 percent jump in after tax profit to $14,8 million in the half year to June 30, 2018 as non- interest income increased during...
View ArticleZvishavane rehabilitates roads
Patrick Chitumba Midlands Bureau Chief Zvishavane Town Council has completed the rehabilitation of 10 kilometres of roads in Mandava and Makwasha high density areas at a cost of $1,2 million. Town...
View ArticlePoor marketing costly to business: ZimTrade
Business Reporters ZIMTRADE has called on businesses to consistently execute marketing strategies to create brand awareness saying failure to do contributes to inability to retain a sound customer...
View ArticleTamuda Investment Group sets base in Byo
Prosper Ndlovu Bulawayo Bureau SOUTH Africa head-quartered engineering and steel firm, Tamuda Investment Group (TIG), has opened a steel and pipe business in Bulawayo with plans to establish a...
View ArticleVast Resources eyes Zim diamonds
Ishemunyoro Chingwere Business Reporter Vast Resources, the London-listed company, has concluded an agreement with Red Mercury, an investment vehicle owned by Marange-Zimunya Community Share Ownership...
View ArticleZimra collects $406m
Africa Moyo THE Zimbabwe Revenue Authority (Zimra) says revenue performance remains on a positive trajectory, with gross collections for July hitting $406,13 million, which was 20,80 percent above...
View ArticleGovt tenders fresh agric land audit
ZIMBABWE will be commissioning a fresh agricultural land audit, about 15 years after the Charles Utete Commission report whose findings were never implemented, which will run alongside a review of the...
View ArticleZim looks to turn around region’s rail sector
NATIONAL Railways of Zimbabwe (NRZ) general manager Lewis Mukwada (LM) was recently appointed president of the Southern Africa Railways Association (Sara) for the 2018–2019 period. NewsDay (ND)...
View ArticleCommand Livestock for All – VP
By Zvamaida Murwira Chakari — Command Livestock recently unveiled in Matabeleland North Province will soon spread across the country as the Government seeks to rebuild the economy, Vice President...
View ArticleCaledonia, Fremiro in talks over Blanket
Herald Reporter Caledonia Mining Corporation Plc has announced that it has entered into a Memorandum of Understanding (MOU) with Fremiro Investments (Private) Limited (Fremiro) with the intention to...
View ArticleGovt to speed up ease of doing business
Ishemunyoro Chingwere Business Reporter GOVERNMENT will accelerate the ease of doing business reforms in a bid to attract more foreign and domestic capital in the local economy, President Mnangagwa has...
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