Return favour, RBZ tells bankers
Golden Sibanda Senior Business Reporter RESERVE Bank Governor Dr John Mangudya has implored banks to return the favour for his effort to rid the banks of non-performing loans by lowering interest rate...
View ArticleTrojan Mine smelter to resume operations
Business Reporter BINDURA Nickel Corporation’s Trojan Mine smelter is now expected to resume operations in the second half of this year instead of the first half of the year, as initially planned.BNC’s...
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ABC, TA Holdings delisted
ABC Holdings and TA Holdings are the latest companies to be delisted from the Zimbabwe Stock ExchangeBusiness Reporter THE shares of ABC Holdings and TA Holdings have been delisted from the Zimbabwe...
View ArticleOil bounces back as dollar weakens
LONDON. — Brent oil futures rose to $56 a barrel yesterday, as a weakened dollar and industry spending cuts offset worries of a supply glut after US crude inventories increased for a fifth consecutive...
View ArticleGold deliveries from large scale producers increase
Martin Kadzere Senior Business Reporter GOLD deliveries to Fidelity Printers and Refiners rose 20 percent in January to 1111,62 kilogrammes from 926,79kg in the same period last year, official...
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Tobacco selling season set to begin in March
Dr MatibiriBusiness Reporter The 2015 tobacco marketing season, which was pushed back from the traditional mid-February, will now begin on March 4.According to the Tobacco Industry and Marketing Board...
View ArticleZSE’s integrity under spotlight . . . as Meikles is suspended over RBZ debt
Business Reporters The Zimbabwe Stock Exchange yesterday temporarily suspended trading of Meikles Africa shares over the way they accounted for the Reserve Bank of Zimbabwe debt, but failed to give the...
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Supervise Kariba expansion, ZPC told
Dr UndengeFelex Share Senior Reporter Government has ordered the Zimbabwe Power Company to strictly supervise Sino-Hydro on the expansion of Kariba South Power Station to ensure that high standards are...
View ArticleKanyekanye leaves Allied Timbers
Business Reporter ALLIED Timbers chief executive Dr Joseph Kanyekanye left the group yesterday after agreeing on mutual separation with the board, chairman Mr Emmanuel Fundira said.“Please be advised...
View ArticleIndigenous knowledge systems explained
What are Indigenous knowledge Systems (IKS)? Indigenous knowledge refers to the understandings, skills and philosophies developed by societies with long histories of interaction with their natural...
View ArticleEmbracing plastic money for your convenience
Sanderson Abel Plastic money is a term that predominantly refers to the hard plastic cards, that we use everyday, in place of bank notes or coins. It is the generic term used for all types of bank...
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Powerspeed revenue up
Business Reporter POWERSPEED Electrical Ltd’s turnover for the four months to January is ahead on the same period last year while trading is in line with expectations although operating circumstances...
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AMA to raise $5m for CSC
The Agriculture Marketing Authority (AMA) is planning to float bills to raise $5 million to recapitalise the Cold Storage Company (CSC), an official said yesterday. AMA chief executive officer Rockie...
View ArticleZIMRA fails to collect over $1bn in taxes
Nelson Gahadza Business Correspondent The Zimbabwe Revenue Authority (ZIMRA) has failed to collect over $1 billion in taxes since 2009 and if it had not opted for voluntary compliance many companies...
View ArticleMobile money drives financial inclusion
Business Editor— Financial inclusion in Zimbabwe increased to 77 percent in 2014 from 60 percent in 2011 mainly driven by mobile money platforms, the FinScope Consumer Survey has shown. According to...
View ArticleSony poised for bigger earnings
Tokyo. – Sony Corporation forecast its highest earnings in 20 years as Chief Executive Officer Kazuo Hirai uses games, image sensors and entertainment to revive the electronics maker. Operating profit...
View ArticleUnpacking RBZ’s monetary policy
It would have been proper if the Reserve Bank of Zimbabwe highlighted a summary of last year’s Monetary Policy Statement and what measures it took and whether the measures were successful in meeting...
View ArticleKenya to host power transmission summit
NAIROBI. – Some 100 key decision-makers are next month expected to converge in Kenya for the Powering East Africa meeting. The delegates, drawn from major development finance institutions, power...
View ArticleBuffett terminates Exxon investment
Seattle. – Warren Buffett’s Berkshire Hathaway Inc. exited a $3,7 billion investment in Exxon Mobil Corp. amid a slump in oil prices. Crude has fallen by about half since June as US production surged...
View ArticleJunior Financial Literacy comes to Zimbabwe
Junior Financial Literacy and Entrepreneurship Foundation (International) has come to Zimbabwe, working with our international partners to teach Financial Literacy to children and young adults. There...
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