He said efforts to amicably resolve the apparent impasse in the board had failed and that the proposed EGM was meant to protect the company.
Business
By Melody Chikono
18h ago
Veritas said the government has to start living within its means and stop overgenerous hand-outs to top officials at the taxpayers’ expense and starving other ministries.
Business
By TAFADZWA MHLANGA
18h ago
Kadenge praised the recent launch of the Zimbabwe Economic Freedom Audit, describing it as a valuable framework for guiding policy reforms.
Business
By Ashton Ndakusiya
18h ago
In a statement, Ariana Resources managing director Kerim Sener said the recent exploration work at the Dokwe Project was yielding positive results.
Business
By LEE MUSAIDZI
18h ago
In its half year financial report for the period ended June 30, 2024, RTG revealed that its strategic focus will be on protecting and enhancing profit margins.
Business
By LEE MUSAIDZI
Nov. 26, 2024
For the half-year period, RioZim recorded a loss of ZiG165,71 million, from a 2023 comparative of ZiG110,48 million.
Business
By Business Reporter
Nov. 26, 2024
Vision 2030 is the government’s national goal to transform the economy into an upper-middle-income class by 2030.
Business
By Ashton Ndakusiya
Nov. 26, 2024
Chirume, the guest of honour at the awards, noted as 52% of Zimbabwe’s population were women, it was important to highlight their achievements.
Business
By LEE MUSAIDZI
Nov. 26, 2024
The bank said the loan proposal was a homegrown solution which met both local and international standards.
Business
By Tatira Zwinoira
Nov. 25, 2024
Additionally, Glenview 3 High School secured a borehole drilling service valued at US$3 000.
Business
By LEE MUSAIDZI
Nov. 25, 2024
He said as mining evolved, technology should be integrated into the industry’s processes.
According to ZTA, tourism receipts rose by 24% in the first half of the year to about US$493 million, from a comparative of US$398 million in 2023.
Business
By Julia Ndlela
Nov. 25, 2024
The firm is expected to commission a 5MW plant in the first phase, which will then be increased to 20MW and eventually 100MW upon completion.
Business
By Mthandazo Nyoni
Nov. 22, 2024
In the comparative 2023 period, FCB recorded operating income, including net open position gains of US$45,6 million.
Business
By LEE MUSAIDZI
Nov. 22, 2024
This has affected its performance on the ZSE, as it was meant to track the performance of the bourse’s Top 10 Index.
Business
By Tatira Zwinoira
Nov. 22, 2024
Bulawayo is one such place seeing declining hotel occupancies, as evidenced in the Zimbabwe Tourism Authority’s Tourism Trends and Statistics First Half 2024 Report.
Business
By Julia Ndlela
Nov. 22, 2024
The deputy minister emphasised the importance of maintaining the standards achieved under the government’s US$12 billion mining industry initiative.
Business
By Ashton Ndakusiya
Nov. 21, 2024
The company operates in several segments including cereal, protein, dairy, beverages and packaging, from several subsidiaries and associate firms.
Business
By Tatira Zwinoira
Nov. 21, 2024
The e-book, titled: the Beginner’s Guide to Importing from China, was launched recently at the annual Stanbic China Day.
Business
By Business Reporter
Nov. 20, 2024
Over the past few months, the ZSE’s market capitalisation has been weakening according to financial service firms and stockbrokers.
Business
By Blessed Ndlovu
Nov. 20, 2024
The group’s overall revenue grew by 6% year-on-year, with customer counts rising 7% versus prior year while real average spend fell 1%.
Business
By Tatira Zwinoira
Nov. 20, 2024
Ipec said all 19 short-term insurers reported capital positions above minimum requirement, with these insurers recording an average capital position of ZiG60,46 million as of June.
Business
By Tatira Zwinoira
Nov. 20, 2024
Myers said Econet would leverage synergies between the mobile network operator and fintech businesses.
Business
By Melody Chikono
Nov. 20, 2024
The two countries are currently facing acute power outages due to low water levels at Kariba Dam.
Business
By Mthandazo Nyoni
Nov. 19, 2024
Zimbabwe is becoming increasingly exposed to climate risks with the country recording one of its worst droughts in 40 years during the 2023/24 agricultural season.
Business
By Ashton Ndakusiya
Nov. 19, 2024
This vision aligns with Zimbabwe's National Renewable Energy Policy, which aims to achieve 16,5% of electricity supply from renewables by 2025 and 26,5% by 2030.
Business
By Mthandazo Nyoni
Nov. 18, 2024
Blended finance is touted as one of those solutions.
Business
By Mthandazo Nyoni
Nov. 18, 2024
The call comes as AI and data analytics are reshaping the business world, transforming how companies handle data and make decisions.
Business
By TAFADZWA MHLANGA
Nov. 18, 2024
Innscor sounded the alarm in its first quarter trading update for the period ended September 30, 2024, released last Friday.
Business
By Tatira Zwinoira
Nov. 18, 2024
The Milton Park Day Hospital Project was completed in September 2023, at a cost of US$3 million with the lease for the property having commenced in January.
Business
By Tatira Zwinoira
Nov. 18, 2024
CDC shareholder Campbell Musiwa said they were confident that the depository would achieve a world-class AAA rating.
Business
By Blessed Ndlovu
Nov. 15, 2024
The idea is that by controlling money supply, the ZiG will manage to hold its value.
Business
By LEE MUSAIDZI
Nov. 15, 2024
He said transparency had become an inescapable reference in public, professional and private life as a form of governance for everyone.
Business
By Melody Chikono
Nov. 15, 2024
Accordingly, TSL advised shareholders to exercise caution when dealing in its securities.
Business
By Tatira Zwinoira
Nov. 15, 2024
The firm is a wholly-owned subsidiary of Waica Reinsurance Corporation PLC, a pan African reinsurer headquartered in Sierra Leone.
Business
By Melody Chikono
Nov. 14, 2024
The miner has two projects in Zimbabwe, namely, GVM and Happy Valley Mine which both mine gold.
Business
By Tatira Zwinoira
Nov. 14, 2024
Under the official patronage of Zimbabwe’s Ministry of Energy and Power Development for 2024, the summit will unveil energy project plans from both countries.
Business
By Business Reporter
Nov. 13, 2024
For 2024, some of the aforementioned challenges led the Treasury to project economic growth of 2% this year, down 1,5 percentage points from the initial projection.
Business
By Melody Chikono
Nov. 13, 2024
Insurance fraud involves individuals lying to an insurance company to get financial compensation for something they are not entitled to.
Business
By Melody Chikono
Nov. 13, 2024
ZDAMWU secretary general Justice Chinhema said the union was committed to the promotion of equality for both men and women.
Business
By LEE MUSAIDZI
Nov. 13, 2024
Zimbabwe’s fuel prices are considered some of the most expensive compared to other countries in the Sadc bloc.
Business
By TAFADZWA MHLANGA
Nov. 12, 2024
The meeting was meant to adopt the union’s second congress resolutions that were passed when the event was held in Bulawayo, last year.
Business
By Silas Nkala
Nov. 12, 2024
Jacqueline Nyathi, the ZimTrade southern region manager, expressed optimism about the future of bilateral trade between the two nations.
Business
By Mthandazo Nyoni
Nov. 12, 2024
The increase was from US$1,69 million realised in the comparable period last year.
Business
By LEE MUSAIDZI
Nov. 12, 2024
In Zimbabwe, access to finance, and in particular term finance, is a major constraint for local farmers.
Business
By Business Reporter
Nov. 11, 2024
FBC is a subsidiary of the financial group, FBC Holdings.
Business
By Tatira Zwinoira
Nov. 11, 2024
RGS has sought that Part A of its court application be heard on November 28 and Part B, thereof, on an expedited date to be arranged with the court.
Business
By Tatira Zwinoira
Nov. 11, 2024
The impact of the sugar tax on Delta is expected to be felt in the beverage maker’s financial year ended March 31, 2025, on top of existing taxes.
Speaking at the launch of the the country’s audit in Harare on Wednesday, McMahon said countries with economic freedom experienced an increased gross domestic product (GDP).