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Diasporans remit $412m in H1
Homelink (Pvt) Ltd will be re-oriented to provide a facilitative platform through which Zimbabweans in the Diaspora can be assisted to invest back homeBusiness Reporter Zimbabweans living abroad...
View ArticleRBZ eyes IDBZ, SEDCO supervision
The Reserve Bank of Zimbabwe said yesterday it is working with the Government to place the Infrastructure Development Bank of Zimbabwe and the Small Enterprise Development Corporation under its...
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‘Zim-Asset growth target achievable’
Dr MangudyaDr John Mangudya The objective under Zim-Asset of a continuous economic growth of 7,3 percent on average per annum is commendable and achievable if we, as a nation, put concerted effort to...
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Youth savings instill good financial habits
Understanding the needs of youth in economic development and then determining the role that finance can play in fulfilling those needs is importantSanderson Abel The rationale behind the need for...
View ArticleGold up on softer dollar
LONDON. — Gold rose for a third straight session yesterday due to a softer dollar and equity markets as tensions between Ukraine and Russia ratcheted up, but the metal’s rebound could be short lived on...
View ArticleOil slips on ample supply
LONDON. — Brent crude oil fell towards $102 a barrel yesterday, depressed by ample supply and lacklustre demand as global economic growth remains tepid. Oil supply is expected to exceed demand this...
View ArticleSurface finishes installing new bottling plant
Chitungwiza-based cooking oil manufacturer, Surface Investments has finished installing a new bottling plant, resulting in production rising from 3 million to 4,5 million litres a month. Surface...
View ArticleIranian firm signs agric, energy pacts
Business Reporters An Iranian technology group, Homa Knowledge and Trading Company, has signed agreements with two Zimbabwean companies to supply agricultural and energy products, a senior official has...
View ArticleBanks’ non-performing loans headache
Nelson Gahadza Business Correspondent Bankers Association of Zimbabwe president Sam Malaba said the high rate of non-performing loans has locked as much as $700 million in potential productive...
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BNC seeks national project status nod
Golden Sibanda Senior Business Reporter Bindura Nickel Corporation has approached Government with a request for its smelter restart project to be granted national project status. The restart will save...
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Turnall revenue down 32pc
Business Reporter LISTED roofing and building products manufacturer, Turnall Holdings Limited’s revenue for the half year ended June 2014 went down 32 percent mainly due to erratic raw material...
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Allied Timbers starts exports to Zambia
JOSEPH KANYEKANYEMartin Kadzere Senior Business Reporter Allied Timbers Holdings has started exports to Zambia as the competitiveness of its traditional markets has been “significantly” affected by the...
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Zimplow signs $10m facilities
Zimplow will take delivery of Massey Ferguson tractors from Brazil under a $5 million asset-based facilityGolden Sibanda Senior Business Reporter Zimplow Limited has signed two asset- based finance...
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FBCH/Turnall marriage ends
Happiness Zengeni Business Editor FBC Holdings plans to distribute the group’s combined shareholding in TurnalL Holdings by way of a dividend in specie, a transaction, which if approved will leave...
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Meikles struggles to sell TBs
Effort to fund the acquisition of 10 percent by Meikles employee share ownership trust has been affected by the failure by Government to settle the $90 million it owes the Meikles GroupTendai Sahondo...
View ArticleZimplats sets aside $26m for phase two
Tinashe Makichi Business Reporter Zimbabwe’s largest platinum miner, Zimplats has committed about $26 million for completion of phase two of its projects at Ngezi scheduled for the first quarter of...
View ArticleCottco to recover input costs
Cottco Holdings said on Friday it has recouped most of the $7 million that it invested in production of the crop last year through on going deliveries from contracted farmers. With the marketing of the...
View ArticleZim set to join elite financial market
Business Reporter Zimbabwe is set to join the world’s elite financial markets group and become the ninth African member country if its application is approved by the Financial Markets Association at...
View ArticleGovt commissions survey
Business Reporter Government, through the Ministry of Finance and Economic Development, has commissioned the second FinScope Financial Consumer Survey to assist in assessing the impact of the financial...
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Allied records $4,3m loss
Mr Farai MutamangiraBusiness Reporter Allied Bank recorded a $4,3 million loss for the half year to June, a steep rise from the $1,6 million loss recorded the previous period as the bank faced cash...
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