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NRZ workers told to bank on drought for cash

National Railways of Zimbabwe acting General Manager Lewis Mukwada on Wednesday told disgruntled workers that they should pin their hopes of getting their salaries on drought as that would give the pa...Read more

NRZ workers told to bank on drought for cash

24 April 2015 | 4032 Views
National Railways of Zimbabwe acting General Manager Lewis Mukwada on Wednesday told disgruntled workers that they should pin their hopes of getting their salaries on drought as that would give the pa...

by Thobekile Zhou

NRZ, Chinese firm in rail expansion project

24 April 2015 | 2617 Views
Zimbabwe's railway network is set for a revamp with reports that a Chinese railway engineering group, Creec, is in talks with the Zimbabwean government for a multi-million dollar railway network e...

by Staff reporter

Spar issues a public warning

24 April 2015 | 5382 Views
SPAR is aware of a number of telephone and SMS scams targeting SPAR customers. Fraudsters claiming to be from SPAR are contacting people by phone or SMS offering promotional rewards from Beitbridge S...

by Staff reporter

Choppies eyes 30 supermarkets in Harare

24 April 2015 | 1705 Views
Botswana's largest retailer, Choppies Enterprises is planning to open at least 30 supermarkets in Harare alone as part of the group's strategy to increase its footprint in the region. This...

by Staff reporter

Jet Stores introduce credit accounts

24 April 2015 | 1803 Views
Edgars Stores Limited retail brand, Jet Stores, has introduced credit accounts that will be payable within six months with zero deposit. The clothing retail store said that the credit accounts would...

by Staff reporter

Zimbabwe's IDC struggles to get funding

24 April 2015 | 1365 Views
The Industrial Development Corporation's subsidiary companies require $40 to $50 million for working capital finance, but tight liquidity and banks restructuring of balance sheets have made access to ...

by Staff reporter

Policyholders take Old Mutual to task

23 April 2015 | 2073 Views
In South Africa they have got Theo Botha - irrepressible shareholder activist - and Zimbabwe could be getting its own version in the form of businessperson Chester Mhende. About two decade...

by Staff reporter

Dr Shingi Munyeza clinches more restaurant franchises

22 April 2015 | 7280 Views
Businessman Shingi Munyeza has clinched three more international restaurant franchises as he seeks to extend his dominance in the fastfood sector. The former African Sun Limited CE, who al...

by Staff reporter

Economic hardships drive companies out of the CBD

21 April 2015 | 2301 Views
Growing economic hardships are driving a number of business owners out of the central business district (CBD) into suburban areas due to inability to afford rentals. This has resulted in l...

by Staff reporter

Bank lending rates for individuals decline

21 April 2015 | 2504 Views
The country's bank lending rates remained high despite showing a marginal decline in the week ending April 10, official figures have shown. Statistics from the Reserve bank of Zimbabwe wee...

by Staff reporter

CSC slashes service slaughter fees

20 April 2015 | 3950 Views
CSC slashes service slaughter fees ...

by Staff reporter

Huawei completes first phase of NetOne project

20 April 2015 | 1231 Views
Huawei Technologies Africa says it has completed the first phase of the $200 million NetOne LTE broadband expansion project. The three-year project, which is expected to be completed in 2016, will...

by Staff reporter

Africa's youngest female billionaire firms up interest in Zimbabwean Telecel

17 April 2015 | 7720 Views
Isabel dos Santos, daughter of Angola's President Eduardo dos Santos and one of Africa's richest women, is reportedly gearing up to acquire a significant stake in Zimbabwean Telecom giant Telecel. He...

by Stephen Jakes

Zimplats to retrench 25 managers

17 April 2015 | 5379 Views
Zimbabwe's largest platinum producer, Zimplats is set to retrench 25 managers as part of the company's cost containment measures in the face of declining international metal prices and a challengi...

by Staff reporter

Cimas Emergency Air Rescue Service

16 April 2015 | 2206 Views
Zimbabwe now has dedicated air ambulance available for medical emergencies anywhere within southern, central and east Africa. The Cimas Emergency Air Rescue Service air ambulance is a twin eng...

by Staff reporter

Long wait for pay irks Marvo workers, as they go for 28 months without pay

15 April 2015 | 2631 Views
Marvo stationary workers who have gone for 28 months now without pay have after the company was placed under judicial management have expressed disgust and impatience over the delays of their pay....

by Stephen Jakes

Fastjet adds fourth flight to Lusaka and Harare

15 April 2015 | 3483 Views
Fastjet, which yesterday formally celebrated the launch of their new route from Kilimanjaro to Entebbe, has announced extra flights from Dar es Salaam to both Lusaka and Harare. A fourth w...

by WolfGang

Cheda & Partners law firm shut down

15 April 2015 | 3450 Views
ONE of Bulawayo's biggest law firms, Cheda and Partners, has been shut down. The law firm has been under curatorship since February 5 after the industry regulator, the Law Society of Zimbabwe (LSZ), d...

by Thandeka Moyo

Telecel engages Potraz over compliance

14 April 2015 | 3022 Views
Telecel Zimbabwe could well be on the way to normalise its compliance issues with the Postal and Telecommunications Regulatory Authority of Zimbabwe which is currently looking at representations from ...

by Tawanda Musarurwa

NetOne targets $200m revenue by year-end

14 April 2015 | 2183 Views
State owned mobile telecommunications service provider NetOne is aiming to achieve revenues of $200 million by year end as it moves ahead with its network expansion project which has a strong focus on...

by Staff reporter

Delta lager beer volumes fall by 17%

14 April 2015 | 2273 Views
BEVERAGE giant Delta Corporation says lager volumes for the year ended 31 March 2015 fell 17% year-on-year due to depressed consumer demand, while revenue for the year dropped by 6%. Sparkling bevera...

by Ndou Paul

MTN tight-lipped on reported expansion to Zimbabwe

14 April 2015 | 3936 Views
THE MTN Group is tight-lipped over the reported acquisition of Zimbabwe's embattled Telecel's operating licence.Approached for comment on the said deal, MTN Group Executive for Corporate Affai...

by Savious Kwinika

Malaysia's Edmark opens branch in Zimbabwe

14 April 2015 | 1737 Views
Edmark Group of Companies, a multi-million dollar Malaysian company with a market presence in over 25 countries around the world, officially opened a branch in Harare at a colourful ceremony at the we...

by Staff reporter

Emirates offers up to 40% discount for travellers from Zimbabwe

13 April 2015 | 3307 Views
Travellers from Zimbabwe can fly on Emirates to selected and exciting destinations around the world with savings of up to 40 percent on business class and 20 percent on economy.To buy tickets...

by Staff reporter

MTN on the verge of expanding into Zimbabwe

13 April 2015 | 5066 Views
THERE are strong indications the MTN Group is on the verge of expanding to Zimbabwe where government has recently cancelled the operating license of the second-biggest mobile network operator....

by Savious Kwinika I CAJ News

Econet resume DStv Zimbabwe EcoCash payment plan

13 April 2015 | 2477 Views
The MulitChoice Zimbabwe popularly known as DStv EcoCash payment plan which was a few weeks ago temporarily discontinued has been resumed.This was revealed by Econet this week through me...

by Stephen Jakes

Econet in internet blackout

13 April 2015 | 2453 Views
ECONET subscribers in some parts of the country yesterday faced challenges communicating on the data network."I'm on Econet and have been trying to communicate on the internet but have bee...

by Staff reporter

Broke CSC resort to selling off scrap metal

12 April 2015 | 3500 Views
The Cold Storage Company (CSC) which is in dire financial constraints is now resorting to selling off part of its movable assets including scrap metal in five of its branches probably to raise cash....

by Thobekile Zhou

TelOne rolls out Metro Wifi, service not available in Bulawayo

12 April 2015 | 2814 Views
STATE-owned Telecommunications company, TelOne has rebranded and introduced Metro Wifi Service and Fibre to the Home (FTTH) services.The new product will see the price of 100 megabits per ...

by Staff reporter

AFDB Presidential candidates to face questions, share ideas on CGD Panel

09 April 2015 | 1522 Views
On April 16, seven of the eight candidates vying for the presidency of the African Development Bank (AfDB) will participate in a unique panel at the Center for Global Development in Washington, D....

by Stephen Jakes

Pick n Pay to set up first city store today

09 April 2015 | 5389 Views
TM Pick n Pay Supermarkets will today launch their first city store at the former Greatermans Department store along Sam Nujoma Street. The supermarket has been under construction for close to nin...

by Business reporter

Coca Cola prices slashed

08 April 2015 | 10112 Views

by Staff reporter

'The Source' hits brick wall in Econet case

08 April 2015 | 2837 Views
A BID by Source-Net (Pvt) Ltd - a Reuters-affiliated business news agency, whose newsroom was raided by Econet recently - to have the matter referred to the Constitutional Court last week hit a brick ...

by Daniel Nemukuyu

Zimbabwe maintains tax on raw platinum exports

07 April 2015 | 1945 Views
The government says it will maintain a 15 percent tax on raw platinum exports until platinum mining companies' submit credible smelter or refinery building plans.A document from the Minist...

by Staff reporter

Edgars Zimbabwe select 3i Infotech's Orion ERP to enhance their Business Operations

07 April 2015 | 2068 Views
HARARE - 3i Infotech, a global technology solutions and services provider celebrates one of their biggest wins in Zimbabwe with Edgars Stores Limited joining their long list of soon to be satisfied cu...

by APO

Credit bureau services rolled out in Zimbabwe

07 April 2015 | 2621 Views
Spectip Investments has started rolling out credit bureau services covering individuals, public institutions and private companies, a company official said last week. Innocent Mugwagwa, operat...

by Staff reporter

GO-BET to set up betting outlets across Zimbabwe

03 April 2015 | 2610 Views
GO-BET, a Pan-African sports betting group, plans to set up numerous betting outlets across the country with two shops already scheduled for opening by the end of this month. The flagship branch is th...

by Staff reporter

6 foreign firms bid to partner Air Zimbabwe

02 April 2015 | 4018 Views
Six foreign firms have expressed interest in partnering the national airline, Air Zimbabwe as government intensifies the hunt for a technical partner for the parastatal.The Ministry of Transpo...

by Staff reporter

Zimpapers reports $12,9 million loss

02 April 2015 | 1634 Views
Zimbabwe Newspapers Group (Zimpapers) reported a US$12,9 million pre-tax loss in the full year to December 2014 (FY14), down from a US$453,910 profit in the prior year owing to a staff rationalisa...

by Staff reporter

Zupco workers win arbitration case

02 April 2015 | 1842 Views
The Zimbabwe United Passenger Company (Zupco) management has been given until April 14 by the employees' legal representative to show how much they owed to each of the 800 workers in outstanding wages...

by Staff reporter

TelOne goes digital

02 April 2015 | 5286 Views
TEL-ONE has digitalised its operations and embraced a pre-paid system in a bid to enhance service efficiency and recover money owed by customers across the country.The company's sales and mark...

by Sukulwenkosi Dube

No free WhatsApp calls on Econet's social network bundles

01 April 2015 | 5859 Views
Zimbabweans don't have access to WhatsApp's voice calling feature on Econet's social network bundles as the mobile operator says users must pay for this service separately.It offers unlimited ...

by Staff reporter

FNB remittances to Zimbabwe expands by 102%

01 April 2015 | 5920 Views
FNB's Money Transfer service to Zimbabwe has seen cross-border money sending double in the past year, the bank said.According to Businesstech, the service, which launched on Cellphone Banking ...

by Staff reporter

Shingi Munyeza leaves African Sun

31 March 2015 | 4489 Views
The African Sun Group Chief Executive Officer Shingi Munyeza has left his position within the group with effec5t from today (31 March), it has been learnt.Munyeza announced his departure f...

by Stephen Jakes


31 March 2015 | 4914 Views
THE People's Own Savings Bank (POSB) has recorded a rare $1,25 million profit from loss of $209 000 with officials pledging to support government fronted ZimAsset projectIn a trade update acc...

by Thobekile Zhou

Brainworks in $35 million capital raise

30 March 2015 | 1264 Views
Local investment holding firm Brainworks Capital Management has 'successfully' raised $35 million following the closure of a capital raise last week. The proceeds will be used to strengthen va...

by Staff reporter

Zim government, Econet cross swords

29 March 2015 | 2529 Views
GOVERNMENT and Econet Wireless Zimbabwe have crossed swords over the former's stated intention to coax investors in the mobile telecommunications sector to share infrastructure, raising a protracted s...

by Staff reporter

Brainworks withdraws $20m Telecel offer after rights offer close

27 March 2015 | 1912 Views
Brainworks Capital Management has withdrawn the offer that it had made to Empowerment Corporation to purchase its 40 percent shareholding in Telecel Zimbabwe three days after closing on its fully unde...

by Staff reporter

Air Zimbabwe keen to expand routes

26 March 2015 | 2258 Views
Air Zimbabwe said on Thursday it is keen to expand its regional and international route network but is being bogged down by its small fleet and inability to acquire new craft.The national carr...

by Staff reporter

Econet Wireless clamps down on Zimbabwe media freedom?

26 March 2015 | 6080 Views
ZIMBABWE business news agency, The Source, was raided this afternoon by the Deputy sheriff's department following a High Court order granted to Zimbabwe mobile phone operator Econet Wireless and Stew...

by Staff reporter

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