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Another Telecel blow for Mutasa

High Court has dismissed businesswoman Jane Mutasa's bid to block the sale of Empowerment Corporation Limited 40% stake in Telecel Zimbabwe, thus further muddying the investment firm's boardroom ...Read more

Another Telecel blow for Mutasa

26 February 2015 | 2422 Views
High Court has dismissed businesswoman Jane Mutasa's bid to block the sale of Empowerment Corporation Limited 40% stake in Telecel Zimbabwe, thus further muddying the investment firm's boardroom ...

by Staff reporter

Zimplats wins tax dispute

26 February 2015 | 1489 Views
Platinum miner, Zimplats has won an order from the High Court to pay royalties at a rate agreed with government in 1994, creating room for a massive claim against a higher tax claim in 2009. ...

by Staff reporter

Govt mulls data tariff reduction

26 February 2015 | 1317 Views
The Government is considering a further reduction in mobile broadband rate to ensure access by all users. In an interview with TechnoMag, Information Communication Technology, Postal and Couri...

by Staff reporter

MTN scours Zimbabwe telecoms market

26 February 2015 | 3127 Views
SOUTH Africa-based multinational mobile telecommunications company, MTN, is scouring the Zimbabwean market for opportunities after a failed bid for the purchase of a stake in a government-owned telec...

by Staff reporter

Emirates unveils fabulous February fares for Zimbabwe

25 February 2015 | 4059 Views
HARARE - In keeping with its objective of enabling globalistas in Zimbabwe to say "hello" to new destinations and experiences in 2015, Emirates has unveiled another special offer on Business and E...

by Business Reporter

Batoka Gorge power plant plan expanded to 2,400MW

25 February 2015 | 1299 Views
PLANS for the long proposed Batoka Gorge Hydro-electric Power Plant have been expanded to 2.400MW from the initial 1.600MW, an industry official has said.The project is located on the Zambezi ...

by Business Reporter

Telecel licence saga takes new twist

24 February 2015 | 2785 Views
The Telecel licence saga has taken a new twist with insiders at the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) revealing the mobile phone operator's licence was never with...

by Staff reporter

Nigel Chanakira formed AfrAsia Bank collapses

24 February 2015 | 2368 Views
AFRASIA Bank Zimbabwe, founded as Kingdom Financial Holdings by Nigel Chanakira, has collapsed after the central bank confirmed the cancellation of its licence on Tuesday.Chanakira had inauspi...

by Staff Reporter

Hwange to sell coal to global miner Glencore

23 February 2015 | 2266 Views
Zimbabwe coal producer Hwange Colliery said on Monday it was negotiating to supply coal and coke to global miner Glencore and a deal could be reached at the end of this month, its managing director sa...

by Reuters

ZBC to introduce multiple TV channels

22 February 2015 | 5713 Views
Zimbabwe Broadcasting Corporation (ZBC) acting chief executive officer Mr Patrick Mavhura has said national broadcaster will be introducing channels that will be accessible only after paying a subscri...

by Staff Reporter

Adrenalin wins top media, marketing and advertising awards

20 February 2015 | 1434 Views
Adrenalin Advertising and Design has received both the Media Company of the Year Award and the Marketing and Advertising Company of the Year Award from the Zimbabwe Business Awards Council.Ea...

by Business Reporter

Makamba calls off Telecel-Brainworks deal

20 February 2015 | 2834 Views
Empowerment Corporation Private Limited shareholders have buried the hatchet with company chairperson James Makamba calling off a Friday extra ordinary general meeting and subsequent deal to sell ...

by Staff reporter

Delta to invest in new Chibuku plant

20 February 2015 | 1309 Views
Delta Corporation will spend about $17 million on setting up a new Chibuku Super plant at Fairbridge in Bulawayo, as the group moves to keep pace with growing demand. The country's biggest bev...

by Staff reporter

Mushayakarara buried

19 February 2015 | 2853 Views
A former senior civil servant, banker, economist and business executive, Mr Elisha Mushayakarara, who succumbed to cancer of the colon, has been buried at Greendale cemetery in Harare this Thursday af...

by Staff reporter

Zimbabwe's ATMs allow cardless transactions

19 February 2015 | 4757 Views
Zimbabwe's Econet Wireless has switched on airtime purchases and cardless mobile money transactions on automated teller machines (ATMs) owned by Steward Bank, which it controls, ...

by Fin24

Meikles fights ZSE suspension

19 February 2015 | 1488 Views
Meikles Limited has made an urgent chamber application at the High Court to challenge the Zimbabwe Stock Exchange's decision to suspend it from trading on the bourse. The conglomerate was susp...

by Staff reporter

GMB fails to pay workers for half a year

18 February 2015 | 2096 Views
Employees at the embattled Grain Marketing Board (GMB) on Wednesday blocked the company's head demanding their outstanding six months salaries."We are not striking but simply demanding what we...

by Staff Reporter

HR investment on the strategic agenda for African business

18 February 2015 | 858 Views
African businesses are taking the imperative of strategic human resources (HR) management seriously as they begin to compete on the global stage as well as strive to address growing regulatory and leg...

by Gerhard Hartman

More woes for Chanakira

18 February 2015 | 7035 Views
Kingdom Bank Africa Limited (KBAL) owned by prominent businessman Nigel Chanakira has been placed under curatorship in Botswana.The offshore outfit is said to be teetering on the brink of coll...

by Staff reporter

Keys Communications introduces its successful Township Wall Media to the rest of Africa, from Zimbabwe

18 February 2015 | 1928 Views
HARARE - After over 5 years of leadership in the township wall advertising industry throughout South Africa, township media specialists, Keys Communicati...

by APO

70% of Zimbabweans shun banks - research

18 February 2015 | 2696 Views
AN estimated 70 percent of the country's population prefers keeping its money under "pillows and mattresses despite the increase in financial inclusion mainly driven by mobile money platform, the Fin...

by Staff reporter

Telecel war: Judge suspends sale

17 February 2015 | 1864 Views
The Extraordinary General Meeting to sanction the sale of Empowerment Corporation (Private) Limited's 40 percent stake in Telecel Zimbabwe (Private) Limited will not go ahead as planned until the Hig...

by Fidelis Munyoro

Former ZB Financial Holdings CEO dies

16 February 2015 | 5559 Views
TOP banker, Elisha Nyikadzino Mushayakarara has died, Business Daily reported.He was born on 8 April 1943.  ...

by Staff reporter

'$5 compensation for Zimdollar accounts a howler,' says CZI boss

13 February 2015 | 4455 Views
The move by the Reserve Bank of Zimbabwe to demonetise the Zimbabwe dollar balances by alloting genuine account holders $5 per account is a faux pas, Confederation of Zimbabwe Industries (CZI) pr...

by Tawanda Musarurwa

Calls for Parliament to audit RBZ

13 February 2015 | 1462 Views
The Zimbabwe Coalition on Debt and Development (Zimcodd) has called for the setting-up of a Public Debt Commission to conduct an official public debt audit before any debt relief mechanism can be con...

by Business Reporter

Two RBZ subsidiaries to resume operations

13 February 2015 | 2116 Views
TWO Reserve Bank of Zimbabwe (RBZ) subsidiaries, Export Credit Guarantee Corporation's (ECGC) and Aurex Private Limited, will resume operations soon, central bank governor John Mangudya has said....

by Business Reporter

RBZ, Potraz seek clarity on EcoCash

12 February 2015 | 3942 Views
The Competitions and Tariff Commission (CTC) has held talks with the Reserve Bank of Zimbabwe seeking clarity on Econet's mobile money business, which has been the subject of an investigation in recen...

by Staff reporter

Econet launches Dial-a Doctor service

11 February 2015 | 2202 Views
Econet Wireless, through its Eco Health arm, today launched the Dial-a-Doctor service meant to bridge the gap in access to medical services in Zimbabwe.The service enables subscribers to talk...

by Rumbidzayi Zinyuke

Careers website receives over one million monthly visitors

11 February 2015 | 2878 Views
HARARE - Emirates Group, comprising Emirates airline and dnata, plans to hire over 11,000 new staff in the coming year across its business, in line with its projected growth across six continents....

by Staff Reporter

Zimbabwe's mega platinum project takes off

09 February 2015 | 2810 Views
A multibillion dollar platinum project signed between Zimbabwe and Russian investors late last year has started, it will produce a concentration of 10 million tonnes of ore per annum after completion,...

by Xinhua

Telecel re-introduces bonus calls to all other local networks

09 February 2015 | 2413 Views
Telecel Zimbabwe has re-introduced 100% off-net bonus on their Mega Bonus promotion which allows pre-paid subscribers to make calls for double the value of the airtime they purchase, regardless of who...

by Staff reporter

Blue Ribbon employees to stage demo

03 February 2015 | 2566 Views
BLUE Ribbon Industries employees have threatened to fight grain millers for attempting to block the agro processor's proposed takeover by Tanzanian-based Bakhresa. BRI employees plan to demonstrate...

by Conrad Mwanawashe

Central bank can raise over $1 billion says Gono

03 February 2015 | 3354 Views
FORMER Reserve Bank of Zimbabwe Governor Dr Gideon Gono says the central bank could raise more than $1 billion by disposing of non-core assets to clear its debt, but vehemently dismissed recent claims...

by Golden Sibanda

EcoCash tariffs slashed

03 February 2015 | 3351 Views
ECONET Wireless has marginally reduced charges for sending money to registered customers via EcoCash, starting this month. However, tariffs for sending money to unregistered customers and cash out se...

by Charity Ruzvidzo

Zimplats only giving ultra-lucrative tenders to white owned firms

01 February 2015 | 2737 Views
Platinum miner Zimplats is allegedly parcelling out ultra-lucrative jobs to white-owned firms while side-lining indigenous companies, State media reported.Sources said the subsidiary of South ...

by Staff reporter

Delta reduces Coca-Cola prices

31 January 2015 | 6868 Views
Delta Beverages, the bottling partner for Coca-Cola in Zimbabwe, has announced reductions in recommended retail price for some of its popular packs as the firm takes advantage of the recently intr...

by Staff reporter

ZymPay revolutionises electricity bill payments for UK-based Zimbabweans

29 January 2015 | 4110 Views
‘This was such a hassle before. With ZymPay I can now pay for my electricity in under a minute online and for a negligible fee.'...

by Staff Reporter

Air Zimbabwe ordered to reinstate fired boss

28 January 2015 | 3674 Views
National airline Air Zimbabwe (AirZim) has been ordered to reinstate its dismissed acting managing director Grace Pfumbidzayi after a labour arbitrator ruled that she had been fired unprocedurall...

by Staff reporter

Choppies to invest a further $10 million in Zimbabwe

28 January 2015 | 2933 Views
Choppies Zimbabwe will invest a further $10 million this year as the group targets to grow its local business. Chief executive Ramachadran Ottappath said in an interview that Choppies next...

by Staff reporter

Willowvale in new business model

27 January 2015 | 2784 Views
Car assembler Willowvale Mazda Motor Industries (WMMI) has introduced a new business model in an effort to revive its waning fortunes, an official has said.Last year WMMI indicated that it was...

by Staff reporter

NetOne now Zimbabwe's second largest mobile operator

27 January 2015 | 4544 Views
State-owned NetOne's active subscribers have surpassed Telecel Zimbabwe (Telecel)'s to become the country's second largest mobile network operator, according to latest statistics from the Postal and T...

by Staff reporter

Zimbabwe's Securico eyes Mozambique

27 January 2015 | 3524 Views
Security services provider, Securico says it plans to expand its operations into Mozambique as it seeks to spread its wings into regional market. MD Divine Ndhlukula said the initial works...

by Staff reporter

Nicholas Vingirai fights on

27 January 2015 | 1827 Views
Transnational Holdings Limited (THL) founder, Nicholas Vingirai and his allies, will have to wait a little longer before their fresh bid to reclaim their assets merged into ZB Financial Holdings (...

by Staff reporter

'Bank closures normal,' says RBZ boss

27 January 2015 | 1807 Views
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says the numerous bank closures seen in recent years are normal in tough economic environments and insisted that the country's banking sector rem...

by Staff reporter

Strong first-half earnings performance by Imara

26 January 2015 | 2059 Views
Imara, the pan-African financial services group, has reported "pleasing" earnings growth for the six months to October 31, 2014, with profit after tax of P10.94 million, up 85% from P5.9 million in th...

by Staff reporter

Innscor boss yet to secure Zimbabwe work permit

26 January 2015 | 3288 Views
Innscor's Antonio Fourie is yet to secure a Zimbabwean work permit and is still waiting for the paper after submitting the requirements to Immigration departments. Fourie said the process inv...

by Staff reporter

Bata shoe company takes standards up

25 January 2015 | 4912 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 | 4551 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 | 4678 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 | 3357 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

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