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May is international internal audit awareness month

A look at the varied responsibilities of the Internal Auditor … all in a day’s work! Achieving objectives For the most part, companies are in business to make money. Schools, charities, and other...

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Water Resources Infrastructure Investment Conference for Zim

The country will on June 4 and 5 host the Water Resources Infrastructure Investment Conference as part of the Government’s bid to mobilise resources for the accelerated development of the country’s...

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$15 Billion Looting Enquiry – Chihuri Too Sick to Be Quizzed

Former ZRP commissioner general Augustine Chihuri has written to parliament informing Mines committee members that he is unwell to appear. Chair of the committee Temba Mliswa said Chihuri had, however...

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Proplastics maintains strong performance

Enacy Mapakame Business Reporter PLASTIC pipes and fittings manufacturer, Proplastics Limited had a strong performance in the first four months of the year to April 2018 with revenue coming out 86...

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Poor public transport system costs Zim

Africa Moyo Business Reporter A weak public transport system, particularly in urban areas, is responsible for the siphoning of the much-needed foreign currency as citizens import cars to take them to...

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Borrowings plague Nampak

Taurai Mangudhla Zimbabwe Stock Exchange listed packaging company Nampak Zimbabwe (Nampak) remains troubled by a $9,3 million short-term borrowings relating to a facility owed to parent Nampak...

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Shot in the arm for cotton farmers

Martin Kadzere Senior Business Reporter Government has expanded a support programme for cotton farmers and will provide inputs worth $60 million during the forthcoming season. Through the state-owned...

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Zim joins African finance institution

Golden Sibanda Business Reporter ZIMBABWE has become the latest and 19th member of the Africa Finance Corporation (AFC), a leading infrastructure development finance institution, opening more windows...

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Zim banks go paperless

By Nigel Matongorere Like ducks to water, Zimbabwean retail banks are embracing technology to the point of doing away with paper transactions in their banking halls. This week, CABS became the latest...

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Zim’s warrant of arrest haunts Chinese tycoon

By Mark Allix Chinese national Yat Hoi Ning, who is accused of ripping off a mining company listed in London of US$2,76 million, has scored a lucrative deal from the South African government. Yat Hoi...

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Tobacco sales reach $355 million

By Tabitha Mutenga The 2018 tobacco sales have reached $300 million after 39 days of marketing from 123 million kilogrammes as expectations are high that the sales will reach 200 million kg. Tobacco...

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NMB Bank opens sub-branch in Bindura

NMB Bank has opened a sub-branch in Bindura to provide existing and potential customers in Mashonaland Central with ready access to its banking services and products. NMB Bank The sub-branch opened for...

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Makamba dribbles Mlotshwa, partners

Another bruising battle is looming at Telecel Zimbabwe (Private) Limited (Telecel) as company chairman James Makamba has furtively sought to eject one of his Empowerment Corporation (EC) partners and...

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Fuel shortages persist in Zimbabwe

Service stations in most parts of the country are still struggling to secure adequate fuel to meet demand, resulting in long-winding queues at pump stations with the product in stock. A survey by the...

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Stanbic rescues Nyamuzuwe hospital

Stanbic Bank Zimbabwe has set aside $100 000 for the construction of a mother’s waiting home at Nyamuzuwe Rural Hospital in Mutoko, some 160 km north of Harare. Stanbic Bank Together with Plan...

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OK profits up 174,6pc

By John Kachembere Listed retailer OK Zimbabwe’s profits went up by 174,6 percent to $16,6 million in the full year to March 31, 2018 from $6,1 million in prior year due to improved sales. OK Zimbabwe...

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Swipe into EcoCash service available

Econet Wireless Zimbabwe (Private) Limited, the parent company of EcoCash and Steward Bank, advised its customers and the transacting public on Tuesday that the Swipe into EcoCash service was available...

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Court lifts ban on cryptocurrencies

By Daniel Nemukuyu Cryptocurrency exchange giant, Bitfinance (Private) Limited, which was last week banned from operating in Zimbabwe, will now resume its business with the blessings of the High Court....

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Craft Properties wins international award

In a statement yesterday, Craft Properties said they felt honoured by the recognition of its work in real estate and land development in Zimbabwe. “This International award comes after our work was...

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Zim Millers Worried Over $55 Million Debt Owed to Foreign Suppliers and Banks

The Grain Millers Association of Zimbabwe owes $55 million to its grain suppliers (foreign) and banks and risks losing fresh contracts should they fail to service the debt in two months’ time, the...

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