Foreign currency receipts surge 17,9% in 2024
In 2025, imports are projected to increase by 2,5% to US$9,3 billion on account of higher imports of energy, raw materials and machinery.
By TAFADZWA MHLANGA
Nov. 29, 2024
Zim Q3 2024 platinum output slumps 5% y-o-y
By TAFADZWA MHLANGA
Nov. 29, 2024
Eureka spends US$500 000 to relocate families
By Online Reporter
Nov. 28, 2024
Pambili identifies high-grade gold vein at Golden Valley Mine
Apart from GVM, Pambili also owns and operates Happy Valley Mine, which also mines gold and is located 15km from Bulawayo.
By Ashton Ndakusiya
Nov. 28, 2024
BridgeFort delists after US$172,71m wiped off market cap
BridgeFort is targeting to manage a US$2 billion diaspora fund over the next two decades to enable Zimbabweans living abroad to invest securely back home.
By Tatira Zwinoira
Nov. 28, 2024
Moxon questions appointment of son as CEO
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.
By Melody Chikono
Nov. 27, 2024
Cut down on wasteful spending, govt told
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.
By TAFADZWA MHLANGA
Nov. 27, 2024
’Barriers to trade holding back Zim’s economic performance’
Kadenge praised the recent launch of the Zimbabwe Economic Freedom Audit, describing it as a valuable framework for guiding policy reforms.
By Ashton Ndakusiya
Nov. 27, 2024
Ariana touts new mineral find
In a statement, Ariana Resources managing director Kerim Sener said the recent exploration work at the Dokwe Project was yielding positive results.
By LEE MUSAIDZI
Nov. 27, 2024
Rainbow reaches deal to buy Montclair Hotel for US$5 million
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.
By LEE MUSAIDZI
Nov. 26, 2024
Muswere says PR and communications have role in economic growth
Vision 2030 is the government’s national goal to transform the economy into an upper-middle-income class by 2030.
By Ashton Ndakusiya
Nov. 26, 2024
Perm Sec calls for more women empowerment
Chirume, the guest of honour at the awards, noted as 52% of Zimbabwe’s population were women, it was important to highlight their achievements.
By LEE MUSAIDZI
Nov. 26, 2024
RioZim appoints new legal, HR head
For the half-year period, RioZim recorded a loss of ZiG165,71 million, from a 2023 comparative of ZiG110,48 million.
By Business Reporter
Nov. 26, 2024
CBZ Bank reiterates interest in closing knowledge gap, empowering schools
Additionally, Glenview 3 High School secured a borehole drilling service valued at US$3 000.
By LEE MUSAIDZI
Nov. 25, 2024
Time Bank raises loan proposal to govt by US$3 billion
The bank said the loan proposal was a homegrown solution which met both local and international standards.
By Tatira Zwinoira
Nov. 25, 2024
Mining experts want new technologies in mine processes
He said as mining evolved, technology should be integrated into the industry’s processes.
By Blessed Ndlovu and Nizbert Moyo
Nov. 25, 2024
MICE driving tourism business and investments: Rwodzi
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.
By Julia Ndlela
Nov. 25, 2024
FCB operating income rises 25% in y-o-y period
In the comparative 2023 period, FCB recorded operating income, including net open position gains of US$45,6 million.
By LEE MUSAIDZI
Nov. 22, 2024
OM Zimbabwe delists Exchange Traded Fund from ZSE
This has affected its performance on the ZSE, as it was meant to track the performance of the bourse’s Top 10 Index.
By Tatira Zwinoira
Nov. 22, 2024
Declining investment threatens Byo hotel expansion, TBCZ warns
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.
By Julia Ndlela
Nov. 22, 2024
Power Ventures to commission 5MW early 2025
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.
By Mthandazo Nyoni
Nov. 22, 2024
Innscor to sweat US$72,77m capital investment in FY25
The company operates in several segments including cereal, protein, dairy, beverages and packaging, from several subsidiaries and associate firms.
By Tatira Zwinoira
Nov. 21, 2024
Mines ministry calls for adequate funding in 2025
The deputy minister emphasised the importance of maintaining the standards achieved under the government’s US$12 billion mining industry initiative.
By Ashton Ndakusiya
Nov. 21, 2024
Stanbic Bank steps up efforts to promote international trade
The e-book, titled: the Beginner’s Guide to Importing from China, was launched recently at the annual Stanbic China Day.
By Business Reporter
Nov. 20, 2024
Simbisa to expand Zim footprint
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%.
By Tatira Zwinoira
Nov. 20, 2024
‘ZSE left with two valuable counters’
Over the past few months, the ZSE’s market capitalisation has been weakening according to financial service firms and stockbrokers.
By Blessed Ndlovu
Nov. 20, 2024
Direct insurance policies up 12% in Q2
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.
By Tatira Zwinoira
Nov. 20, 2024
Econet deploys 32 5G base stations, earmarks additional 120 sites
Myers said Econet would leverage synergies between the mobile network operator and fintech businesses.
By Melody Chikono
Nov. 20, 2024
NMBZ turns to Rabobank for agric financing
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.
By Ashton Ndakusiya
Nov. 19, 2024
Leverage on solar energy, Zim and Zambia told
The two countries are currently facing acute power outages due to low water levels at Kariba Dam.
By Mthandazo Nyoni
Nov. 19, 2024
