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CBZ secures $46m line of credit
CBZ group recorded growth in after tax profit to $13,7 million in the half year to June compared to $12,8 million in the comparative period last yearMartin Kadzere and Conrad Mwanawashe CBZ Holdings...
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Call to embrace Yuan for payments
Walter Muchinguri Assistant Business Editor Zimbabwe should seriously consider the use of the Yuan for payments in transactions involving China, economic analysts have said. The Yuan is one of...
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Reprieve for platinum miners
Minister ChidhakwaGolden Sibanda Senior Business Reporter CABINET last week suspended the 15 percent tax on raw exports of platinum for a period of two years to allow mining companies more time to set...
View ArticleAtlas, OPIC partner in $300m project
Business Reporter Pan-African banking group BancABC is set to benefit from a $300 million project set up by its parent company Atlas Mara and the Overseas Private Investment Corporation (OPIC), the US...
View ArticlePPC diversifies into bricks, pavers
Pretoria Portland Cement (PPC) Zimbabwe plans to diversify into brick moulding and production of allied construction products, chairman Mr Todd Moyo has said.Speaking on the sidelines of the soil...
View ArticleEmerging market stocks edge higher
LONDON. – Emerging market stocks edged higher yesterday with Chinese mainland shares racing ahead as dire data prompted bets that Beijing will roll out more stimulus, while currencies came under...
View ArticleZim Alloys seeks to unlock $225m
Conrad Mwanawashe Business Reporter ZIMBABWE Alloys stands to unlock about $225 million from the export of three million tonnes of chrome ore over five years if Government grants the company’s...
View ArticleTycoon’s firms fined over accounting breaches
PERTH. – Gina Rinehart’s private companies have been hit with $130 000 in fines after pleading guilty to repeated breaches of corporate filing requirements.Magistrate Richard Huston handed down the...
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Greece, lenders talk new bailout
French President Francois Hollande (right) and Greek Prime Minister Alexis Tsipras meet on the occasion of the inauguration of a new Suez Canal waterway, in Ismailia, Egypt last week. – ReutersGreece...
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Govt to host investment indaba
VP MnangagwaBusiness Reporter GOVERNMENT is in the process of organising an investment conference before the end of the year as it steps up efforts to attract foreign direct investment into the...
View ArticleBanks convert $4m Zim dollar notes
Local banks have so far converted $4 million worth of old Zimbabwean dollar notes under the Government’s demonetisation programme which commenced on June 15 this year, latest figures show.Under the...
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Trainee programmes a ladder to success
The essential purpose of internships is to provide university leavers with a meaningful experience that enhances their employability and skillsMatthias Ruziwa HR IssuesGraduate trainee programmes are...
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Mining attracts investors
Deputy Minister MoyoMunesu Nyakudya Business Reporter The mining industry in Zimbabwe is currently the biggest target for international investors.Mines and Mining Development Deputy Minister Fred Moyo...
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Govt sets up diamond cleaning facility
Minister ChidhakwaGolden Sibanda Senior Business Reporter PRICES of local diamonds could improve by 10 to 20 percent per carat due to a new system requiring their cleaning before auctioning.Government...
View ArticleTanzania gets 100pc broadband connectivity
DAR ES SALAAM – Tanzania Telecommunication Company Limited (TTCL) announced that it has completed broadband connectivity throughout in the entire country“We are proud to announce the complete coverage...
View ArticleLitmus test for HR practitioners
Matthias Ruziwa HR Issues Human resource practitioners are facing a litmus test under the current circumstances as they are mainly responsible for managing the exchange relationship between the...
View ArticleBata to launch online, home delivery service
Business Reporter ZIMBABWE’S premier shoemaker, Bata Shoe Company, will launch an online and home delivery service to boost shoe sales beyond the current 2,5 million pairs a year.The Bata Online and...
View ArticleMeikles courts investors for mining venture
Business Reporter Meikles Limited’s mining subsidiary, Centar Mining, is courting investors as part of its plans to raise about $100 million required in the long term for its Matabeleland gold mining...
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Cairns set to hit 80 percent of production capacity
Takura Capital is expected to inject new funding into Cairns by OctoberBusiness Reporter CAIRNS Holdings’ production is seen hitting 80 percent of capacity when incoming investor Takura Capital injects...
View ArticlePoultry industry to miss target
The poultry industry is likely to miss its annualised target of 80 million day-old chicks as monthly production has dipped 40 percent to 3,6 million in the past three months, Zimbabwe Poultry...
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