Corporate bond issuance set to increase
Martin Kadzere Senior Business Reporter CORPORATE bond issuance looks set to increase in the next five years as prohibitive bank interests may force firms seeking funding to opt for capital markets....
View ArticleMercedes: A gentleman’s car
Tinashe Makichi Motoring Reporter As the Nigerians say; “It takes every man to own a car but it takes a gentleman to own a Mercedes,” Such is the nature of the Mercedes brand where it entices the...
View ArticleZimre Holding’s rights offer under-subscribed
Walter Muchinguri Assistant Business Editor Zimbabwe largest reinsurer Zimre Holding’s rights offer to raise $15 million, to shore up its capitalisation levels and ensure growth of the business, was...
View ArticleRuvimbo Funeral Assurance firm receives award
Evylene Maforo Business Reporter Ruvimbo Funeral Assurance Company was conferred with the Funeral Services Company of the Year award at the prestigious Zimbabwe Business Awards held last week. Ruvimbo...
View ArticleClik here to view.
MBCA Bank gets $20m
Dr JinyaBusiness Reporters AFRICA Export and Import Bank has availed a $20 million line of credit to MBCA Bank for medium-term funding, managing director Dr Charity Jinya said yesterday.The funding...
View ArticleClik here to view.
Sadc completes industrial strategy interim report
Martin Kadzere Senior Business Reporter THE SADC member states have completed an interim report outlining the regional industrialisation strategy expected to prioritise value addition and...
View ArticleClik here to view.
Meikles asked for full disclosure
Business Editor Meikles Limited has been asked to provide full disclosure into several issues which include transactions undertaken by family related companies, a lack of transparency in the investment...
View ArticleClik here to view.
Meikles mulls delisting from ZSE?
Golden Sibanda Senior Business Reporter MEIKLES Limited has hinted it might have to consider benefits of maintaining its listing on the Zimbabwe Stock Exchange in the wake of the debacle around its...
View ArticleClik here to view.
SecZim investigates Chirume’s conduct
Mr Chirume Happiness Zengeni Business Editor The Securities and Exchange Commission of Zimbabwe has said it is now investigating the Zimbabwe Stock Exchange following complaints over its...
View ArticleClik here to view.
Brainworks acquires 40pc stake in Telecel
Telecel has only paid a fraction of its licence renewal fee to allow it to operate for the next 20 yearsBusiness Reporters SHAREHOLDERS of Empowerment Corporation have accepted the offer from...
View ArticleGovt takes legal action to retrieve seized gems
Golden Sibanda Senior Business Reporter GOVERNMENT is taking legal action to secure release of the remainder of diamonds that were seized while on auction in Belgium following litigation by a South...
View ArticlePasi defends tax on hotel accommodation
The Zimbabwe Revenue Authority (ZIMRA) says tax on hotel accommodation for foreign guests is not unique to Zimbabwe but is common all over the world including in neighbouring countries such as South...
View ArticleAfrAsia Bank Limited divests from Zim
Nelson Gahadza Business Correspondent AfrAsia Bank Limited’s (ABL) says it has divested from Zimbabwe operations to refocus on profitable business lines. The group ceased operations in AfrAsia Bank...
View ArticleClik here to view.
Art revenue up 8pc
Tinashe Makichi Business Reporter Art Corporation’s revenue for the period to January 2015 increased 8 percent to $11,4 million from $10,6 million recorded the same period last year as the company...
View ArticleClik here to view.
Mwana shareholders call for general meeting
Business Reporter SOME Mwana Africa shareholders have lodged fresh notices requesting that the company convenes a meeting to approve a number of non-executive director changes.This comes as the miner...
View ArticleClik here to view.
Alpha Omega to double raw milk output
Alpha Omega Dairies factory manager Mr James Mugombi (second right) explains some of the processes at the dairy to Industry and Commerce Minister Mike Binha (centre), his deputy Chiratidzo Mabuwa...
View ArticleClik here to view.
Relocating ZSE to Ballantyne Park wrong: MPs
Business Reporters Relocating the Zimbabwe Stock Exchange from the central business district is not logistically correct as it stifles the small investor’s efforts to access capital markets. Chairman...
View ArticleClik here to view.
Erratic rains affect tobacco crop
Zimbabwe is this year likely to see a 10-15 percent decline in the volume of tobacco delivered to the auction floors due to the unfavourable weatherWalter Muchinguri and Elita Chikwati The country is...
View ArticleClik here to view.
Telecel saga deepens
Telecel has only paid a fraction of its licence renewal fee to allow it to operate for the next 20 yearsBusiness Reporters SOME shareholders of the Empowerment Corporation, a 40 percent shareholder in...
View ArticleClik here to view.
Resource pooling key to SMEs financing challenges
Pooling resources can assist members to access safe saving facilities, such as banksSanderson Abel The recently launched BAZ/ZEPARU study established that although the informal sector players could...
View Article