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Bata shoe company takes standards up

Bata yesterday opened its rebranded shops in Harare in a move to match international standards.Two shops that now meet international standards were opened along First Street and Joina City in ...Read more

Bata shoe company takes standards up

25 January 2015 | 1942 Views
Bata yesterday opened its rebranded shops in Harare in a move to match international standards.Two shops that now meet international standards were opened along First Street and Joina City in ...

by Staff Reporter

Ministry accuses retailers of cheating customers

23 January 2015 | 3267 Views
THE Ministry of Industry and Commerce has accused retailers of cheating customers by under packing commodities, warning that they risk being slapped with penalties, Radio Dialogue reported....

by Staff Reporter

Dr Mambondiani appointed Steward Bank acting CEO

22 January 2015 | 4036 Views
Lance Mambondiani has been appointed the Acting CEO at Steward Bank as his boss, Kwanele Ngwenya leaves the organisation at the end of the month. According to ...

by Staff reporter

Telecel executive expected in Zimbabwe this week

22 January 2015 | 2795 Views
A Telecel International delegation is expected in Zimbabwe this week to discuss plans to off-load its local unit sources said. This comes amid a crises around Telecel Zimbabwe's licence, ...

by Staff reporter

Innscor embraces Zimbabwe's unwanted 'Bond Coins'

22 January 2015 | 2956 Views
LEADING food processing company Innscor Africa has come out in full support of the controversial bond coins saying their introduction by the Reserve Bank of Zimbabwe last December has resulted in the...

by Staff reporter

Royal Bank creditors to submit claims next week

21 January 2015 | 1370 Views
Defunct Royal Bank Zimbabwe (Pvt) Ltd's creditors and members will next week meet with the Deposit Protection Board (DPC) before the Master of High Court for the submission of claims.The meeti...

by Tawanda Musarurwa

AfrAsia Zimbabwe to retrench more workers

21 January 2015 | 1707 Views
AfrAsia Zimbabwe Holdings Limited (AZHL) plans to retrench more staff as part of the group's rationalisation programme. Last year, AZHL retrenched 83 employees. Company spokesperson Sekai Chit...

by Staff reporter

Telecel operations hang in the balance

21 January 2015 | 2731 Views
Telecel Zimbabwe (Private) Limited (Telecel)'s operations are hanging in the balance as the country's mobile regulator has threatened to withdraw its licence due to non-compliance with empowerment la...

by Staff reporter

GM expands market share in Zimbabwe

20 January 2015 | 2087 Views
General Motors (GM) Zimbabwe recorded an increase in sales for the year to December 2014 as the company market share rose to 20 percent.This comes as the firm's authorized local dealer, Autowo...

by Staff reporter

Econet CEO scoops business leadership awards

20 January 2015 | 4743 Views
Zimbabwe continues to receive global recognition for its entrepreneurship, with Econet Wireless Zimbabwe CEO Douglas Mboweni recently receiving a top international award for business leadership....

by Staff reporter

Delta's revenue drops 10%

19 January 2015 | 1462 Views
Delta's revenue for the third quarter to December is down 10%. In a trading update, Delta indicated that the performance is reflective of the subdued consumer spending during the traditio...

by Staff reporter

NetOne gets $65 million for network expansion

19 January 2015 | 1474 Views
The Exim Bank of China has released $65 million for NetOne's network expansion. The money, which is a 30 percent deposit of the total credit facility, was released to Huawei International of Chin...

by Staff reporter

'Innscor systematically retrenching black Zimbabwean managers'

18 January 2015 | 4958 Views
Diversified group, Innscor Africa has been sucked into the vortex of a racial storm amid reports of systemic "retrenchments" of black managers at the expense of "white expatriates" mainly from South ...

by Richard Chidza

NSSA to get a building society licence

18 January 2015 | 3169 Views
A consultant is putting together additional information required by the Reserve Bank of Zimbabwe (RBZ) to issue out a building society licence to the National Social Security Authority (NSSA)....

by Staff reporter

Alarms to deter Zimbabwe telecom theft

16 January 2015 | 1590 Views
The next time you hear an alarm in Zimbabwe, it may not be from a vehicle or bank security system.In fact, it may be related to theft of telecommunications equipment or infrastructure....

by Staff reporter

Air Zimbabwe to increase domestic, regional routes

16 January 2015 | 1693 Views
Air Zimbabwe is aiming to increase its carrying capacity this year through the introduction of new routes and by beefing up its equipment. The airlines' public relations manager, Shingai T...

by Staff reporter

The ACBF, ECA to sign MOU on partnership

14 January 2015 | 2565 Views
The United Nations Economic Commission for Africa (ECA) represented by Dr. Abdalla Hamdock, Deputy Executive Secretary, ECA and Prof. Emmanuel Nnadozie, Executive Secretary of the African Capacity Bui...

by Susan Mwiti

New twist to Intermarket, ZB saga

14 January 2015 | 4136 Views
In a surprise turn of events in the ZB Financial Holdings and Intermarket Holdings Limited dispute, ex-Reserve Bank governor Gideon Gono has acceded that Nicholas Vingirai must be given back his asset...

by Staff reporter

DHL resists Zimbabwe indigenisation plans

11 January 2015 | 3725 Views
German multi-national courier service company - Deutsche Post International BV (DHL) - reversed an indigenisation deal it entered into with a Zimbabwean firm - Solbase Investments Private Limited - a...

by Staff reporter

Obert Mpofu's bank property attached over $1.5 million debt

09 January 2015 | 4767 Views
Allied Bank's fortunes have taken a turn for the worse with property from 5 Harare branches being attached by the deputy sheriff's office over a US$1.5 million debt.The closure of Allied Bank,...

by Staff reporter

Fraudulent Filling Station - workers face uncertain future

08 January 2015 | 6506 Views
Indigenous fuel importing company Glow Petroleum faces a bleak future as investigations into allegations of massive customs duty fraud intensify.Reports from company sources in Harare clai...

by Staff Reporter

Obert Mpofu's bank collapses

08 January 2015 | 7411 Views
HARARE - The troubled Allied Bank has reportedly surrendered its banking licence after failing to inject more capital to keep it afloat due to economic hardship.In a statement, the RBZ sa...

by Staff Reporter

AfrAsia excludes Zim unit from the group's consolidated accounts

08 January 2015 | 2982 Views
Mauritius based AfrAsia Bank Limited (AfrAsia) has decided to exclude its trouble Zimbabwean unit AfrAsia Zimbabwe Holdings Limited (AZHL) from the group's consolidated accounts in a move it said...

by Staff reporter

Zimbabwe welcomes fourth mobile telecom operator

07 January 2015 | 9580 Views
Powertel, a subsidiary of state owned power company, Zimbabwe Electricity Supply Authority (ZESA) Holdings, has been unveiled as the southern African country's fourth mobile network service.Cu...

by Staff reporter

Black Zimbabwean appointed Innscor Chairman

06 January 2015 | 3999 Views
Innscor Africa Limited has appointed commercial lawyer Addington Chinake as its new Chairman to replace David Morgan. While the ZSE listed conglomerate was reportedly finalising the formal...

by Staff reporter

Mutasa ups stake in Masawara

06 January 2015 | 4835 Views
Business mogul Shingi Mutasa has through FMI Holdings Private Limited increased his shareholding in Masawara plc to 51.32% of the company issued share capital. According to the Jersey regi...

by Staff reporter

Fidelity Life housing project rolls out

05 January 2015 | 2899 Views
Insurance conglomerate Fidelity Life Assurance has earmarked the allocation of stands in the first phase of its two residential housing development projects beginning March this year. Init...

by Staff reporter

CABS introduced new product for paid-up clients

05 January 2015 | 5735 Views
ZIMBABWE'S biggest mortgage lender, CABS, has introduced a new product, Equity Release finance which allows paid up customers to re-borrow 50% of the value of the paid up properties over a five-year p...

by Business Reporter

Econet finally slashes tariffs

04 January 2015 | 3153 Views
The country's largest telecommunications company, Econet Wireless has slashed tariffs by more than 30 percent in line with a Government directive which came into effect on January 1, 2015 in spite o...

by Staff Reporter

Fly Africa to introduce 11 regional routes

04 January 2015 | 2291 Views
Zimbabwean low cost airline, Fly Africa says it will introduce 11 regional routes this year as part of the airline's expansion programme.The local airline which began operations last year plan...

by Staff Reporter

Econet to drag Potraz to court over 15c voice tariffs

02 January 2015 | 6473 Views
A POTRACTED legal battle is brewing between Econet Wireless Zimbabwe and the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) over its directive to slash voice tariffs from 23 c...

by Staff Reporter

Central bank to liquidate Interfin

01 January 2015 | 2509 Views
THE Reserve Bank of Zimbabwe (RBZ) yesterday announced that the curatorship period of Interfin Bank Limited expired yesterday, with the central bank saying it had applied to the High Court to have the...

by Staff Reporter

GMB boss 'Mandizha' quits

31 December 2014 | 4006 Views
Grain Marketing Board general manager Mr Albert Mandizha's contract of employment expired on November 30 after serving the firm for seven years, while the hunt for his successor has begun. ...

by Staff Reporter

Econet refuses to slash voice tariffs

30 December 2014 | 8982 Views
Mobile operators, NetOne and Telecel have moved in to comply with the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ)'s directive to slash voice tariffs from 23 cents to 15 cen...

by Staff Reporter

Government to revamp Nssa Act

30 December 2014 | 2830 Views
HARARE - Government plans to revamp the National Social Security Authority (Nssa) Act by reviewing certain aspects stipulating how investments will be undertaken using pension funds.Financ...

by Staff Reporter

Dubai firm to invest over $2 billion in real estate

30 December 2014 | 2734 Views
ABU DHABI - Dubai Investments (DI), the diversified Gulf-based investment group, plans to invest more than Dh10 billion ($2,72 billion) into the UAE real estate market, a top official said.A...

by Staff Repporter

PSMAS: Vicious internal fights over Cuthbert Dube's job

29 December 2014 | 3903 Views
Government health insurer, Premier Service Medical Aid Society (PSMAS), still reeling from a pay-scam that precipitated what has become known as the salary-gate scandal, is undergoing extensive restru...

by Staff Reporter

Gwanda mine continues to defy indigenisation laws

26 December 2014 | 3366 Views
Duration Gold, the company that took over operations at Vumba Chigwe Mine in Gwanda has continued to defy government on ceding 51% share ownership to locals in line with the indigenisation laws....

by Staff Reporter

Central bank monitoring suspicious transactions

21 December 2014 | 7540 Views
THE Reserve Bank of Zimbabwe says it is monitoring suspected illicit transactions and some individual bank accounts which are being used for business operations in a calculated move to circumvent ...

by Business Reporter

Mphoko promises to take Bulawayo industries back to their glory days

20 December 2014 | 8751 Views
The Vice President, Phelekezela Mphoko says the Bulawayo business community should work together in finding ways to revive the city's industries.Addressing the business community during a par...

by Staff Reporter

Cash-strapped GMB offers workers maize as pay

20 December 2014 | 3681 Views
THE cash-strapped Grain Marketing Board (GMB) has offered to give its workers maize as part of payment of salary arrears which the national granary owes its workers, reported.W...

by Staff Reporter

Willowvale Mazda Motor Industries to close down

20 December 2014 | 4644 Views
THE Industrial Development Corporation Zimbabwe (IDCZ) is set to close unviable operations such as Willowvale Mazda Motor Industries, Sino Zimbabwe Cement Company, National Furniture Industries, Motir...

by Staff Reporter

Cimas introduces air ambulance service

19 December 2014 | 2499 Views
Cimas Medical Aid Society has introduced a critical care emergency air ambulance to airlift patients locally and regionally to an appropriate medical facility.Cimas Emergency Air Rescue Se...

by Staff Reporter

Chivas Regal promotion in Zimbabwe

18 December 2014 | 1868 Views
Being a true gentleman is not about what you deserve, it is about who you are, how you treat others and the values that guide your every action.  These values are celebrated by the premium whiske...

by Geraldine Trennery

Telecel launches 'keep your digits' promotion

18 December 2014 | 3376 Views
The battle to win over subscribers from rival operators in a saturated Zimbabwean mobile telecoms market is heating up as Telecel entices users with a phone number promotion, ...

by Staff reporter

Air Zimbabwe saga rages on

17 December 2014 | 2318 Views
An external auditor who audited Air Zimbabwe's accounts told Harare regional magistrate Fadzai Mtombeni on Monday that he was not aware whether or not there was a board resolution to approve his ...

by Staff reporter

MBCA to rebrand to Nedbank

17 December 2014 | 4540 Views
South Africa based financial group Nedbank plans to rename its local unit MBCA Bank to Nedbank Zimbabwe next year. MBCA's MD Charity Jinya said it is too early to confirm the plans and wil...

by Staff reporter

Enjoy Free Wi-Fi in the sky on Emirates A380s

12 December 2014 | 2313 Views
HARARE - Over 200,000 passengers have used Emirates' free onboard Wi-Fi since October this year, taking advantage of the airline's service to connect with family, friends or colleagues when they fly....

by Business reporter

Zesa to import more power from Mozambique

10 December 2014 | 1955 Views
ZESA Holdings is in negotiations with an unnamed regional power supplier to import about 250 megawatts while more than $1 billion will be spent on improving generation capacity and infrastructure ...

by Business Reporter

Emirates Unveils US$500m Long-term Investment to Provide the Best Wines Onboard

09 December 2014 | 1532 Views
HARARE - On any given day, over 60 different wines, champagnes and ports, sourced from the best vineyards in 11 countries, are served onboard Emirates to passengers in all classes. Representin...

by Business Reporter

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