Breaking News

Banks hike withdrawing fees by 50%

Banks will increase cash withdrawal charges under the Zimswitch platform by 50% from the current $2, starting from October - in a development likely to draw the ire of depositors.Depositors h...Read more

Banks hike withdrawing fees by 50%

22 September 2014 | 2503 Views
Banks will increase cash withdrawal charges under the Zimswitch platform by 50% from the current $2, starting from October - in a development likely to draw the ire of depositors.Depositors h...

by Staff reporter

Air Zimbabwe's woes mount

19 September 2014 | 1378 Views
The Supreme Court judgment allowing a former Air Zimbabwe manager, Dr Stephen Nhuta, to attach 29 vehicles to recover his dues has opened floodgates for the airline with more workers who had been hold...

by Daniel Nemukuyu

Emirates offers up to 25% discount to Zimbabwe travellers

18 September 2014 | 3762 Views
HARARE - Emirates, which flies daily from Harare to Dubai via Lusaka, is offering travellers from Zimbabwe up to 20 percent discount on Economy Class and 25 percent discount Business Class fares ...

by Matthews Estell

Delays in reviving New Zim-Steel explained

18 September 2014 | 2114 Views
The Government and an Indian conglomerate, Essar Holdings, signed a US$750 million deal to revive New Zim-Steel, formerly Ziscosteel, in Redcliff, in 2011 but due to outstanding issues over the th...

by Staff Reporter

Subscribers cry foul over NetOne blackout

17 September 2014 | 2755 Views
Tonnes of farm produce is reportedly going to bad in Nyamandlovu with farmers failing to get in touch with their customers after NetOne has gone three days without service.The farms in the...

by Moyo Roy

Delta Beverages slashes beer prices

17 September 2014 | 3224 Views
Delta Beverages has slashed beer prices across the whole portfolio except for the pint.  Delta Beverages management advises that the quart comes down from a recommended retail price of $...

by Staff reporter

'NRZ is the backbone of Bulawayo industry'

17 September 2014 | 2236 Views
THE rejuvenation of the National Railways of Zimbabwe (NRZ) will open floodgates Bulawayo business, Transport and Infrastructural Development Minister Obert Mpofu and his Industry and Commerce co...

by Hangoyapalala waTjibundule

Telecel re-introduces voice promo

17 September 2014 | 1198 Views
Telecel has announced the long - awaited return of the popular Mega Juice promotion which gives 100%  Telecel - to - Telecel call bonus to subscribers whenever they load a $1 or more worth of air...

by Staff reporter

Calls for Stanbic boycott

17 September 2014 | 1606 Views
The Zimbabwe Banks and Allied Workers Union has called for a boycott of Stanbic Bank as it presses ahead with its protracted collective job action against the bank over salaries and benefits dispute....

by Staff reporter

AfrAsia Bank runs out of money

17 September 2014 | 1378 Views
AfrAsia Bank depositors yesterday complained bitterly that they failed to access cash from the bank. While AfrAsia was recently limiting withdrawal due to solvency challenges, matters came to ...

by Staff reporter

Goldstar Sugars Harare plant reopens

15 September 2014 | 2189 Views
White Goldstar sugar from the Goldstar Sugars Harare plant is expected to be released onto the market this week, following the upgrading of the plant, which began in August last year. Pub...

by Staff Reporter

Russian company prospecting for Zimbabwe diamonds

15 September 2014 | 1538 Views
Diamond mining company Alrosa is partnering a Zimbabwe-Russia joint venture company to prospect for diamonds in the southern African country, Russia's trade and industry minister said on Monday....

by Reuters

Delta, Dairibord fight over advertising

14 September 2014 | 2641 Views
An advertising war has erupted between two of the country's leading beverage manufacturers, Delta Beverages and Dairibord Holdings.Delta Beverages recently erected a billboard along Rekai ...

by Staff reporter

Emirates to Launch Second Service to Dar es Salaam

12 September 2014 | 1169 Views
HARARE - Emirates, which flies daily from Harare to Lusaka and Dubai, will be able to connect even more people and cargo with Dar es Salaam in Tanzania, with the start of a second service from D...

by Staff Reporter

Fears that AMH will create a media monopoly in Zimbabwe

10 September 2014 | 2553 Views
There are fears that the newspaper group, Alpha Media Holding will morph into a media monopoly if given a chance to venture into radioAMH chairman Trevor Ncube yesterday worked hard to dispell...

by Staff reporter

RBZ takes ex-RBZ Governor's company to court

10 September 2014 | 2467 Views
The Reserve Bank of Zimbabwe is embroiled in a legal battle with the firm of its former governor Dr Kombo Moyana over the sale of a block of flats in Avondale, Harare, seven years ago.The cent...

by Fidelis Munyoro

Econet launches Buddie Beats platform for ringtones

08 September 2014 | 1589 Views
Econet Wireless has partnered with Bozza, an African music, video and poetry content system, to enable customers to access more songs for use as caller ringback tones, ITWeb reported. Bozz...

by Staff reporter

Choppies to open four more supermarkets

07 September 2014 | 2693 Views
BOTSWANA Stock Exchange-listed retail chain - Choppies - is set to continue expanding its foothold in Zimbabwe, with four more supermarkets set to be opened in Bulawayo and Harare before the end of th...

by Roberta Katunga

NRZ workers demand resignation of managers - Photos

06 September 2014 | 3347 Views
Scores of National Railways of Zimbabwe (NRZ) workers took to the streets countrywide today demanding the resignation of their managers.The workers are owed more than $55 million in back ...

by Mafu Sithabile

Workers demand resignation of NRZ managers

06 September 2014 | 2238 Views
Scores of National Railways of Zimbabwe (NRZ) workers took to the streets countrywide today demanding the resignation of their managers.The workers are owed more than $55 million in back p...

by Mafu Sithabile

Air Zim requires $368 million for recapitalisation

03 September 2014 | 1031 Views
AIR Zimbabwe requires close to $368 million to recapitalise its operations and clear debts, among others, a company official has said.Of that amount, $331,97 million would go towards aircraft...

by Staff Reporter

Telecel partners with Mukuru.com

03 September 2014 | 2041 Views
The country's second largest mobile phone company, Telecel has partnered with Mukuru.com to enable its mobile money transfer platform clients to instantly receive money, from South Africa, directly in...

by Staff Reporter

KFC to open more branches in Zimbabwe

27 August 2014 | 4596 Views
International fast-food retail giant KFC is planning to open more branches in Zimbabwe, in a development that will result in employment creation in the country.Bruce Layzell,  general man...

by Staff reporter

11 Zimbabwe banks distressed

27 August 2014 | 4309 Views
The Depositors Protection Corporation (DPC) says it is closely watching 11 banks exhibiting signs of financial distress under the Capital, Assets, Management, Earnings, Liquidity and Sensitivity to r...

by Staff reporter

Zera bars Zesa from increasing tariffs

27 August 2014 | 2764 Views
The Zimbabwe Energy Regulatory Authority (ZERA) has turned down an application by the Zimbabwe Energy Distribution Company (ZETDC) to increase electricity tariffs.The power utility had ap...

by Staff Reporter

Zimbabwe unveils banks rescue package

26 August 2014 | 1490 Views
Cabinet has approved the Zimbabwe Asset Management Corporation (Pvt) Ltd (Zamco), a National Special Purpose Vehicle (SPV), to acquire toxic non-performing loans (NPLs) from banks, Reserve Bank of Zim...

by Staff reporter

Stanbic employees in protest for 10% salary increase

26 August 2014 | 2297 Views
DOZENS of bank employees yesterday picketed Stanbic Bank headquarters in Harare to press management at the financial institution to pay its workers a 10% salary increase.The protests were orga...

by Staff Reporter

KFC Zimbabwe franchise's performance exceeds expectations

26 August 2014 | 3438 Views
Kentucky Fried Chicken (KFC)'s performance of its franchise in Zimbabwe has been pleasing and exceeded expectations, General Manager New Africa Markets Bruce Layzell has said. The Zimbabwe op...

by Staff reporter

'Zim telecom companies overcharging consumers'

25 August 2014 | 2634 Views
RATES being quoted by telecommunication companies no longer reflect the cost of providing the services given changes that have taken place since inception of the tariffs, the industry's regulatory bod...

by Staff reporter

TeleCash slashes mobile money fees

25 August 2014 | 2847 Views
Telecash customers can now send money for free to other registered telecash subscribers, following a revision of telecash charges that came into effect last Friday, 22 August 2014.The new tar...

by Staff reporter

Standard Bank workers go on strike

25 August 2014 | 3672 Views
Standard Bank (Stanbic) workers will today stage an industrial action at the financial institution's headquarters in Harare to press for 10% increase in salary and allowances, the Zimbabwe Banks and A...

by Staff reporter

ABC in $38M bargain

24 August 2014 | 1213 Views
ZIMBABWE Stock Exchange (ZSE) listed financial concern, ABC, stole the limelight from index movement towards turnover after striking a special bargain deal worth US$38,05million derived from 46,407,48...

by Staff Reporter

EcoCash accounts for more than 60% of WorldRemit transfers to Zimbabwe in 3 months

23 August 2014 | 3711 Views
London -  More than 60% of all money transfers sent to Zimbabwe through WorldRemit are now received on EcoCash, it was revealed today.The significant landmark comes just three months ...

by Iain Mackenzie

RBZ pays 16 year old Meikles debt

20 August 2014 | 4224 Views
Reserve Bank of Zimbabwe (RBZ) has begun payments of a 16-year-old debt to diversified conglomerate, Meikles Holdings Limited (Meikles).John Moxon, the Meikles chairman yesterday said the grou...

by Staff reporter

Zimplats mine shut down

20 August 2014 | 5253 Views
The Bimha mine in Zimbabwe, operated by Zimplats, has been closed, Implats announced on Wednesday."Implats wishes to inform shareholders and other stakeholders that a decision has now been mad...

by Staff reporter

Egyptair to stop Harare flights

18 August 2014 | 4928 Views
Egyptian airline, Egyptair, has decided to roll back its Zimbabwean operation from next month, adding to woes of a flagging aviation industry, which has been battered by deteriorating economic and...

by Staff reporter

Lion Match factory sold to an Indian businessman for $1,68m

18 August 2014 | 2493 Views
Lion Match Zimbabwe’s factory was on Friday sold for $1,68 million to an Indian businessman who outbid several other businessmen of Asian origin. Bidding for the factory, which includes ...

by Staff reporter

Ecobank sinks $120m into Zimbabwe

18 August 2014 | 2476 Views
Pan African bank, Ecobank Zimbabwe says it has extended and deployed $120 million in lines of credit harnessed from within the Ecobank group and external financiers to support both the local corporat...

by Staff reporter

TM spends $4,5m on shopping complex

18 August 2014 | 4026 Views
TM Supermarkets has spent close to $4,5 million towards refurbishment and stocking of its new state of the art supermarket at the Old Mutual’s Msasa premises. The shopping complex, which...

by Staff reporter

Safeguard fits customised security doors within 48 hours

13 August 2014 | 1917 Views
Safeguard Engineering has increased its capacity to assemble and install made-to-measure folding security doors, offering installation within 48 hours of an order being placed.The security...

by Business Reporter

P&G recognised for its contribution to social and economic investment in Africa

13 August 2014 | 1720 Views
Johannesburg - Procter & Gamble (P&G) recently received the African Leadership Magazine Award for Companies Investing in Africa in recognition of its continued contribution to social and e...

by Business Reporter

Govt should control copper trade - NRZ

13 August 2014 | 1549 Views
The National Railways of Zimbabwe (NRZ) says government should centralise and control the trade of copper and related products in order to stifle the market for vandalised equipment from the state ru...

by Staff Reporter

Air Zimbabwe to resume international flights

12 August 2014 | 5463 Views
Struggling state owned Air Zimbabwe is set to resume international flights just three years after it halted its foreign business due to financial constraints."We are at an advanced stage, our...

by Staff reporter

Econet could have never survived, Learn To 'Connect The Dots' - Masiyiwa

11 August 2014 | 4265 Views
In his August 10th Facebook comment, the founder and director of Econet - Strive Masiyiwa - said Econet could have never survived beyond 2007.Masiyiwa was commenting on, Learn To "Connect The ...

by Staff Reporter

Safeguard introduces mobile time and attendance package

08 August 2014 | 2045 Views
Safeguard Alarms has introduced a versatile employee time and attendance system that can be used anywhere, even away from a company's base at, for instance, a road construction site.The state-...

by Staff reporter

Air Zimbabwe eyes China, London routes

08 August 2014 | 2205 Views
AIR Zimbabwe (Air Zimbabwe) is in negotiations with an international investor to service China and London routes, which is expected to be a turnaround for the local airline, a government official has ...

by Staff reporter

Zimpapers staff to fight 20% pay cut

08 August 2014 | 2000 Views
WORKERS at Zimpapers have told management to expect a fight over plans to cut salaries by about 20 percent, a development the group chief executive claims has been forced by the country's foul econom...

by Staff reporter

Delta Beverages in Zimbabwe indigenisation hoax

08 August 2014 | 2078 Views
Beverage maker, Delta Beverages is non compliant with the Indigenisation and Empowerment Act, parliament was told on Thursday.Giving oral evidence to the Indigenisation and Empowerment Themati...

by Staff reporter

Temporary Suspension of the Bulawayo - Beitbridge Passenger Train Service

08 August 2014 | 3669 Views
The National Railways of Zimbabwe wishes to advise its valued travelling public that the Bulawayo – Beitbridge passenger train service has been temporarily suspended for a period of approximatel...

by Staff Reporter

Econet gets $150 million Afreximbank loan facility

07 August 2014 | 2831 Views
Econet Wireless Global has secured a $150 million loan facility from African Export-Import Bank to expand its operations.In a statement, Afrexim bank said Econet would use the funds to expan...

by Staff reporteer
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