ZABG has commenced its rebranding process from its old name to the new brand, Allied Bank. The rebranding to Allied Bank is part of the overall plan to turn around the fortunes of the financial inst...
ZIMBABWE's troubled state-run airline, Air Zimbabwe has rolled out an ambitious plan as it seeks to revive its fortunes following years of maladministration that at one time grounded the airline's a...
Portland Holdings Limited (PHL), PPC's Zimbabwe subsidiary, has announced its intention to construct a new cement plant to service the Harare and central Mozambique markets. The new plant will have ...
KINGDOM Stockbrokers is said to have voluntarily surrendered its licence citing viability concerns emanating from low volumes of business.Kingdom Stockbrokers did not attend ZSE trading today and on...
TRUMBELT Computers Limited has filed fresh charges against Telecel Zimbabwe over its mobile quiz promotion, Win Big Promo, for copyright infringement on the promotion concept.The fresh legal suit s...
Diamantaires in world's biggest diamond cutting and polishing centre in Surat are looking at Zimbabwe for the required supplies of rough diamonds during the year as diamond production of mining comp...
Unilever Zimbabwe will resume exports in the region by the end of the year after being forced to abandon exports in the 1990s due to an economic crisis.Founded in 1943, the company is a subsidiary o...
LOCAL commercial banks have ganged up on EcoCash and other mobile money service providers by arm twisting the Reserve Bank of Zimbabwe (RBZ) to announce measures that compel telephone companies to...
Chemco reported a dismal FY2012 performance as overall group revenue from continuing operations fell by 47% from $6.6 million to $3.5 million. The group recorded a loss after taxation of $1.1 millio...
Emirates, one of the world's fastest growing international airlines, today welcomed the introduction of a Boeing 777-300ER on its Dubai-Lusaka-Harare daily service.Civil Aviation Authority of Zimba...
The Reserve Bank of Zimbabwe governor Gideon Gono has said 14 out of 22 banks had met the first level of minimum requirements by December 31 last year. 5 other banks had made "significant" progress ...
Astra is planning to introduce new products in the next 6 to 8 weeks in an effort to regain the company's lost market share, MD Mac Mazimbe told the AGM this afternoon. "We are planning on spen...
TSL Limited is planning to broaden its logistics business as they have an ambition to operate regionally, as stated by the group's chief executive officer Washington Matsaira at an analyst briefing ...
AQUARIUS PLATINUM said production at its local operation Mimosa Mining Company for the quarter ended December 2012 declined by 5 percent to 600 066 tonnes. Revenue for the same period rose 16 percen...
Hunyani reported a muted financial year ended 2012 performance as overall group volumes fell by 10% which was attributed to disposal of non-core operations and weak domestic demand. Revenue from con...
New Dawn Mining announced that the illegal and unprotected work stoppage at its Dalny Mine in Zimbabwe, as previously reported on January 16, 2013, has ended. The illegal work stoppage ended as...
Zimbabwe expects diamond production from its Marange fields to double to 16,9 million carats this year as companies ramp-up production in a region where human rights groups have flagged concerns ove...
Liquid Telecom has become Africa's largest operator of terrestrial cross-border fibre optic networks after acquiring all the East Africa businesses of South African technology giant Altech.In a sta...
Liquid Telecom, Zimbabwe's largest internet company in terms of infrastructure, volume of traffic and customer base and a subsidiary of the Econet Wireless Group will purchase South Africa's Allied...
Investigations into possible share price manipulation by Imara Edwards (Imara) have reached an advanced stage, with results expected to be announced soon, an inside source has revealed. The investi...
RESULTS of the safety standards audit which the International Air Transport Association is carrying out on Air Zimbabwe will be out by the end of February. Air Zimbabwe acting chief executive offic...
New Dawn Mining reported consolidated gold production for the quarter ended December 31, 2012 of 9,069 ounces (8,440 ounces attributable to New Dawn, after adjusting for the minority interests' sha...
The Government has agreed to relinquish a 49 percent stake in People's Own Savings Bank (POSB) following approval of the restructuring and privatisation plan which will transform the bank into a com...
Kingdom Bank is set to acquire the assets of Zimbabwean telecoms operator Spiritage, owned by former Econet Wireles Group executive Zachary Wazara, through a court order to settle unpaid loans worth...
ECONET Wireless Zimbabwe will pay out about US$26,5 million worth or the cash equivalent to acquire the remaining 55 percent ordinary shareholding in TN Bank Limited. Econet and TN did not reveal t...