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ZymPay revolutionises electricity bill payments for UK-based Zimbabweans

‘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.'...Read more

ZymPay revolutionises electricity bill payments for UK-based Zimbabweans

29 January 2015 | 2144 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 | 2516 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 | 1882 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

'Time to 'round down' prices,' says RBZ boss

27 January 2015 | 3001 Views
The Reserve Bank of Zimbabwe (RBZ) has said local businesses must seriously consider revising their high cost business models and reduce their prices in line with economic fundamentals if they are...

by Staff reporter

Willowvale in new business model

27 January 2015 | 2051 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 | 3348 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 | 2460 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 | 1305 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 | 1143 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

Second-hand car imports gobbled $469 million in 2014 alone

27 January 2015 | 2009 Views
Zimbabweans spent $469 million importing vehicles from different countries last year, at a time capacity utilisation for local car assemblers fell to a lowly five percent, with growing calls for t...

by Staff reporter

Strong first-half earnings performance by Imara

26 January 2015 | 1379 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 | 2545 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 | 4233 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 | 3967 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

Zimbabwe to hold second local diamond auction in February

22 January 2015 | 1216 Views
Zimbabwe is set to hold its second local diamond auction at the beginning of next month in a move to maximize diamond revenue, a Ministry Of mines official has said.Permanent secretary of Mine...

by Funny Hudzerema

'Zimbabwe needs more entrepreneurs,' says Chinamasa

22 January 2015 | 2284 Views
The Zimbabwean economy is in desperate need of entrepreneurs who take the lead in securing foreign investment that will help their companies recover from the effects of the liquidity challenges faced...

by Rumbidzayi Zinyuke

Dr Mambondiani appointed Steward Bank acting CEO

22 January 2015 | 4353 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

Zimbabwean economy turns many to gambling

22 January 2015 | 2574 Views
THERE is nothing in Zimbabwe that spells a crisis more than a long winding queue. The zigzagging length of humanity has from time immemorial and recorded history - from the American great depression ...

by Tendai Makaripe

Telecel executive expected in Zimbabwe this week

22 January 2015 | 3061 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 | 3134 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 | 1539 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 | 1768 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 | 2892 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

Gap between lending and saving rates in Zimbabwe remains ridiculously high

20 January 2015 | 1857 Views
The gap between lending and deposit rates in Zimbabwe remains high despite showing a decline in the week ending 9 January 2015, official figures from the Reserve Bank of Zimbabwe (RBZ) show....

by Staff reporter

GM expands market share in Zimbabwe

20 January 2015 | 2155 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 | 4828 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 | 1519 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 | 1541 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 | 5126 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

'Zimbabwe ready to engage international investors'

18 January 2015 | 3907 Views
GOVERNMENT is willing and ready to engage investors and international partners to drive the economic development agenda of the country, a Ministry of Finance and Economic Development official has said...

by Staff reporter

NSSA to get a building society licence

18 January 2015 | 3294 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 | 1718 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 | 1825 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

Zimbabwe misses gold target

16 January 2015 | 1274 Views
Zimbabwe has marginally missed gold output for 2014 after deliveries reached 13,9 tonnes in the year to December against a target of 14,5 tonnes, latest data shows. Statistics from the Fidelit...

by Staff reporter

Zimbabwe inflation falls to -0.80%

15 January 2015 | 2372 Views
Zimbabwe's consumer prices fell to 80 basis points or 0.8% in December on a year-on-year basis compared to a 78 basis points or 0.78% decline in November, the statistical agency Zimstats said on Thur...

by Reuters

Chinamasa increases duty on fuel

15 January 2015 | 3889 Views
Government has increased duty on fuel as means of raising revenue against the backdrop of a thinning tax base. Finance Minister Patrick Chinamasa yesterday gazetted the increase with...

by Staff reporter

Allan Gray positive on Zimbabwean equities

15 January 2015 | 1548 Views
A SLUMP in Zimbabwean equities to near two-year lows is emboldening one of the largest money managers in South Africa to keep looking beyond the nation's economic woes for returns.Allan Gray, ...

by Neo Khanyile I Bloomberg

Bulawayo business community remains hopeful

15 January 2015 | 1656 Views
THE Bulawayo business community says it remains hopeful for a turnaround this year, despite severe operational challenges experienced in 2014.Bulawayo businessman, Tshidzanani Malaba, said he...

by Mandla Tshuma

The ACBF, ECA to sign MOU on partnership

14 January 2015 | 2671 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

4 Signs that it is time to replace your ERP system

14 January 2015 | 1673 Views
The enterprise resource planning (ERP) market is evolving at a rapid pace as a result of technology innovation. At the same time, most businesses are changing themselves as they try to keep up wit...

by Jeremy Waterman, managing director of Sage ERP Africa

New twist to Intermarket, ZB saga

14 January 2015 | 4261 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

Net Seven Real Estate branch ordered to stop trading

13 January 2015 | 3285 Views
THE Estate Agents Council of (EAC) Zimbabwe has ordered the Net Seven Real Estate Bulawayo branch to stop trading until further notice pending finalisation of investigations after clients complained t...

by Staff reporter

DHL resists Zimbabwe indigenisation plans

11 January 2015 | 3849 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 | 4887 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

Zimbabwe loses $2,6 billion in trade mis-invoicing

09 January 2015 | 1860 Views
Zimbabwe's current trade imbalance may be attributed to trade mis-invoicing, which has prejudiced the country of $2,6 billion through illicit financial outflows between 2003 and 2012, a new report sho...

by Tawanda Musarurwa

Kwanele Ngwenya forced out of Steward Bank

09 January 2015 | 4459 Views
STEWARD Bank chief executive officer Mr Kwanele Ngwenya has been forced out of the banking institution after building the bank to what it is now.Sources at the institution say Mr Ngwenya met h...

by Staff reporter

Fraudulent Filling Station - workers face uncertain future

08 January 2015 | 6796 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 | 7692 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

Zimbabwe in 'coins conundrum'

08 January 2015 | 6626 Views
Nobody wanted the Zimbabwe dollar, so the country dumped it for the US dollar in 2009 to stave off economic collapse and sky-rocketing hyperinflation.Now nobody wants the "bond coins" it put i...

by Reuters

AfrAsia excludes Zim unit from the group's consolidated accounts

08 January 2015 | 3105 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

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