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United front will carry day for women
Mrs MachelVictoria Ruzvidzo Business Focus Zimbabwean women, constituting 52 percent of the population, have a critical role to play in this economy if it is to realise its full potential.The Zimbabwe...
View ArticleRoyal Bank former directors face legal action
Royal Bank creditors and depositors yesterday authorised the bank’s liquidator to institute legal proceedings against former directors suspected of fleecing the bank.A total of $3 308 803,07 has been...
View ArticleGovt repays $405 million
Happiness Zengeni Business Editor Government closed 2014 with net domestic financing of $315,34 million after having made repayments of $405,2 million comprising both treasury bills and loans.Latest...
View ArticleLow feedstock supplies affect Afrochine
Tinashe Makichi Business Reporter CHROME smelter, Afrochine says it is utilising less than 25 percent of its installed production capacity due to low supplies of feedstock. The company has smelting...
View ArticleBancABC eyes expansion
Financial service group, BancABC plans to expand its operations to 15 other countries in the next three years, an official has said. The group, which is owned by Atlas Mara, an investment vehicle...
View ArticleXpanda products sales on the rise
Business Reporter Sales of Xpanda security gates in Zimbabwe have shot up over the last few months, now that the Xpanda T-Max and X-Door are being assembled locally by Safeguard Engineering, the...
View ArticleAir Zimbabwe keen to expand
Air Zimbabwe said yesterday it is keen to expand its regional and international route network but is being bogged down by its small fleet and inability to acquire new craft. The national carrier has...
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Is solar energy the answer?
Golden Sibanda and Godfrey Gavure QUESTIONS have arisen over the extent to which it is prudent to significantly invest in solar energy as one solution to Zimbabwe’s power crisis amid concerns of...
View ArticleIncreased price flexibility on Zim market
Business Reporters MANUFACTURERS have started packing products in smaller quantities to push volumes and in response to improved availability of small change following introduction of bond coins. This...
View ArticleZim’s tourist arrivals up 2,6pc
Tinashe Makichi Business Reporter Zimbabwe’s tourist arrivals for 2014 grew 2,6 percent to 1 880 028 from 1 832 583 recorded in the previous year, a report on tourism performance for 2014 released by...
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Willdale expects significant growth
Willdale Limited expects more new orders as the construction business picks upConrad Mwanawashe Business Reporter LISTED brick making concern, Willdale Limited, expects significant growth in volumes...
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Grain millers seek $130m for retooling
Mr MusararaTinashe Makichi Business Reporter The country’s grain millers require more than $130 million for retooling in order to operate at full capacity and to cushion against the impact of flour...
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Brainworks withdraws $20m Telecel offer . . . as Zhuwao calls for the...
Happiness Zengeni and Conrad Mwanawashe— Brainworks Capital Management has withdrawn the offer that it had made to Empowerment Corporation to purchase its 40 percent shareholding in Telecel Zimbabwe...
View ArticleCan we innovate our way out of our challenges?
Dr Noah Manyika In an episode of the wildly popular ABC programme Shark Tank, Steve Gadlin from Chicago introduced himself to a panel of investors that included billionaires Mark Cuban and Kevin...
View ArticleBrainworks in $35m capital raise
Happiness Zengeni Business Editor Local investment holding firm Brainworks Capital Management has successfully raised $35 million following the closure of a capital raise last week.The proceeds will be...
View ArticleNMB in drive to slash bad loan ratio
NMB Bank Limited is targeting a non-performing loan ratio of 10 percent by December 2015, dropping from 17,7 percent last year. Acting chief executive Mr Benefit Washaya told an analyst briefing last...
View Article‘ZB loss driven by heavy restructuring costs’
ZB Financial Holdings’ loss position for the year ended December 2014 catapulted a massive 2 902 percent to $9,9 million, mainly resulting from heavy restructuring costs.The financial institution has...
View ArticlePerfect rain season gone, experts say
Jeffrey Gogo Climate Story The perfect rain season is gone, and in its place now stand imperfect, unpredictable and volatile seasons due to climate change, experts say.And farmers are better advised to...
View ArticleIDC to offload Chemplex stake
Tinashe Makichi Business Reporter Industrial Development Corporation will dispose of 76 percent of its shareholding in Chemplex Corporation to raise $60 million required for the recapitalisation of the...
View ArticlePension scheme benefits contributors when they retire
There was a recent suggestion that the pensionable age for retirement benefits should be reduced from the current standard age of 60 to 45, so that workers could enjoy their benefits while they were...
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