Clik here to view.
President appoints new RBZ board
Business Reporter PRESIDENT Mugabe with effect from last Friday, appointed a new board for the Reserve Bank of Zimbabwe, according to a note published in the latest Government Gazette. Economist Mrs...
View ArticleClik here to view.
Shot in arm for Lusulu plant …as Pan-African Engineering Resources secures...
Independent power producer Pan-African Engineering Resources (PER) has secured a $950 million loan from China to finance development of the first phase of the Lusulu thermal station in Binga,...
View ArticleFuneral associations form continental body
Godfrey Gavure in Gweru The Zimbabwe Association of Funeral Assurers, the National Funeral Directors Association of South Africa and Funeral Services Association of Kenya have formed the African...
View ArticleDawn revenues down in Q1
Business Reporter DAWN Properties’ revenue for the first quarter to June at $1,07 million was 13 percent down on the same period last year, signifying the prevailing harsh trading conditions, chief...
View Article8 insurance firms still undercapitalised
Walter Muchinguri Assistant Business Editor At least eight insurance companies are yet to meet the minimum capital requirements set by the Insurance and Pension Commission. The Commissioner of...
View ArticleGold at lowest level
MANILA — Gold hovered just above its lowest level since 2010 yesterday, struggling to move higher as the market expects the US Federal Reserve to move closer to raising interest rates. The Fed will...
View ArticleSA rand weaker
JOHANNESBURG. — The rand was weaker at the start of a new week that will likely be dominated by the outcome of the US Federal Reserve meeting tomorrow. Standard Bank trader Warrick Butler said while he...
View ArticleClik here to view.
RBZ urged to devise early warning systems
BELLY UP . . . Trust Bank Corporation is one of the banks that closed down in the six months between November 2013 and May 2014Business Reporter THE Reserve Bank should come up with early warning...
View ArticleClik here to view.
DPC mulls Tetrad forensic audit
Mr ChikuraGolden Sibanda Senior Business Reporter THE Deposit Protection Corporation (DPC ) will institute a forensic audit into the operations of Tetrad Investment Bank to determine circumstances that...
View ArticleClik here to view.
RBZ disputes $7,5bn in informal sector
Minister of ICT, Postal and Courier Services Supa Mandiwanzira (centre) is flanked by Reserve Bank of Zimbabwe divisional chief Norman Mataruka (right) and Secretary in the Ministry of SMEs Evelyn...
View ArticleClik here to view.
Adaptative strategies marred by lack of funding
The Government projects that $9,9 million will be needed to tackle climate change and of this $5,5 billion will be needed for water and agriculture sectorsJeffrey Gogo Climate Story Economic and social...
View ArticleClik here to view.
Leakages cost Zim $1,8bn
Minister ChinamasaGolden Sibanda Senior Business Reporter GOVERNMENT will roll out measures to plug leakages, including that of gold and other precious stones, which has prejudiced the country of an...
View ArticleClik here to view.
Wilmar to inject $30m into Olivine
Tinashe Makichi Business Reporter—- Surface Wilmar Private Limited will inject about $30 million into Olivine Industries as capital to improve capacity utilisation and resuscitate contract farming for...
View ArticleAfrAsia creditors okay disposal of MicroKing
AfrAsia creditors and members last week approved the disposal of MicroKing to a consortium of two foreign investors that is expected to inject $22 million into the micro-finance institution.Speaking at...
View ArticleZim Alloys on the mend
Business Reporter FERROCHROME producer Zimbabwe Alloys has switched on one of its major furnaces and hopes to bring back on stream its largest oven by 2016 if its capital raising exercise for $2,5...
View ArticleClik here to view.
‘Monetary policy to focus on banks stability’
Conrad Mwanawashe Business Reporter THE Monetary Policy Statement to be released by the Reserve Bank of Zimbabwe Governor Dr John Mangudya tomorrow will focus on stabilisation of the banking sector,...
View ArticleClik here to view.
Clothing industry eyes 100pc growth by 2020
Tinashe Makichi Business Reporter Zimbabwe Clothing and textile manufacturers are targeting 100 percent capacity utilisation by 2020 following Government’s directive to ban all second-hand clothes on...
View ArticleClik here to view.
Delta commissions $17m Chibuku plant
Delta projectis national capacity for Chibuku Super to increase to 3,5 million hectolitres per year with the commissioning of the new Fairbridge plant in BulawayoBusiness Reporter Delta Beverages’ new...
View ArticleClik here to view.
Govt raises red flag over software firm
Business Reporters The Ministry of Information Communication Technology, Courier and Postal Services has raised security concerns over the use of a sole software supplier to implement the e-Government...
View ArticleClik here to view.
Sino-Zim to set up $50m brick plant
Sino Cement is set to construct a brick manufacturing plant with capacity of 60 million bricks annuallyMunyaradzi Musiiwa Midlands Correspondent CHINESE parastatal China National Materials Group...
View Article