Business

New convention centre for Vic falls

The government is set to construct a multi-million-dollar convention centre in Victoria Falls ahead of the joint hosting of the United Nations World Tourism Organisation General Assembly by Zimbabwe and Zambia next year.

Business

Creditors, RioZim clash

A consortium of banks owed by RioZim made an application for the mining firm to be placed under provisional judicial management. But, RioZim shareholders have, however, vowed to fight the application.

Business

Mimosa to comply with RBZ directive

Leading platinum mining firm Mimosa says it will comply with the Reserve Bank of Zimbabwe (RBZ) directive compelling companies with foreign accounts to bank locally for the benefit of the economy.

Business

Kingdom Bank to grow operations

Kingdom Financial Holdings , a Zimbabwean owner of banking and investment companies, said it plans to almost double its market share this year after selling a 35% stake to AfrAsia Bank Ltd of Mauritius.

Business

Matsaira joins TSL

Former Standard Chartered Bank Zimbabwe chief executive Washington Matsaira has been appointed group chief executive officer of TSL Limited.

Business

Sol Air ‘back’ in the sky

A new airline servicing the domestic routes is set to take to the skies in the next few weeks after it was licensed by the Civil Aviation Authority of Zimbabwe (CAAZ) recently.

Business

Gono limits cash withdrawals

In a bid to facilitate smooth transactions in the banking sector, the Reserve Bank of Zimbabwe has put a $10 000 limit on instant cash withdrawals.

Business

High demand for individual loans

Banking sector loans and advances to individuals amounted to 15% in 2011 indicating a huge appetite for loans despite the liquidity crunch.

Business

Barbican fails to re-open

Barbican Bank, one of the three banks relicensed in 2010 to resume operations following the unbundling of the Zimbabwe Allied Banking Group (ZABG), has failed to resume operations.

Business

Progress on Basel II

Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says significant progress has been made by banking institutions in preparation for the launch of Basel II.

New convention centre for Vic falls
New convention centre for Vic falls The government is set to construct a multi-million-dollar convention centre in Victoria Falls ahead of the joint hosting of the United Nations World Tourism Organisation General Assembly by Zimbabwe and Zambia next year.