Barclays assets were taken over by Malawi-based FMB Capital, and it rebranded to First Capital Bank.
Business
By Mthandazo Nyoni
Jun. 9, 2023
The platform gives local actuaries a chance to share ideas and network.
Business
By RUGARE MUBIKA
Jun. 9, 2023
Stanchart announced last year that it was seeking to exit seven markets in Africa and the Middle East, including Zimbabwe.
Business
By Online Reporter
Jun. 8, 2023
“Looking at the ZSE, performance is likely to remain under pressure as money supply remains constrained,” the researchers said in a macro-economic update.
Business
By Mthandazo Nyoni
Jun. 8, 2023
In a shareholder update, the firm’s managing director Scott Macmillan said they had received strong support from new and existing institutional as well as sophisticated investors.
Business
By Mthandazo Nyoni
Jun. 7, 2023
Baldmin Projects is a subsidiary of Baldmin Holdings which has its head office in South Africa and offices in Harare and the DRC.
Business
By RUGARE MUBIKA
Jun. 6, 2023
In the prior period, revenue stood at US$127,9 million, an increase of 68% from the previous year.
Business
By Mthandazo Nyoni
Jun. 6, 2023
Some basic commodity Zimdollar prices spiked by more than 100% in May, though prices in US dollars remained relatively stable.
Business
By Tatira Zwinoira
Jun. 5, 2023
Over the past few weeks, the southern African nation has been experiencing severe exchange rate volatilities, prompting people to call for full dollarisation.
Business
By Mthandazo Nyoni
Jun. 2, 2023
EHZL, a mobile money services provider, together with sister company Econet Wireless Zimbabwe , in April announced their failure to raise enough forex to redeem their remaining debentures.
Business
By Tatira Zwinoira
Jun. 2, 2023
While the local currency took a battering, EWZ was unable to raise tariffs, its main source of revenue, in line with the depreciation leading to massive exchange losses for the firm.
Business
By Tatira Zwinoira
Jun. 1, 2023
He takes over from Colin Chibafa who has been at the helm of the chamber since 2021.
Business
By Mthandazo Nyoni
May. 31, 2023
Additionally, the industry supports approximately 500 000 artisanal and small-scale miners and generates more than 20% of government revenue.
Business
By Mthandazo Nyoni
May. 31, 2023
Ncube’s latest measure means Treasury will now fund the 25% liquidated portion of forex to the RBZ and keep the forex proceeds itself.
Business
By Tatira Zwinoira
May. 31, 2023
The situation is reminiscent of the market mayhem that rocked Zimbabwe between 2000 and 2009 leading to an economic depression.
Business
By Freeman Makopa
May. 30, 2023
The group said as it goes through changes, employees who felt uncomfortable and wished to pursue other interests were free to do so through the scheme.
Business
By Melody Chikono
May. 30, 2023
Phase 2 of a diamond drilling programme at the Step Aside Lithium Project was completed earlier this month after it began nearly three and half months back.
Business
By Tatira Zwinoira
May. 30, 2023
Champions Insurance also revealed that it would add a crop and climate monitoring solution to its digital services offering.
Business
By RUGARE MUBIKA
May. 30, 2023
RBZ set December 31, 2022 as the deadline for DTMFIs to comply with the new minimum capital requirement of Zimbabwe dollar equivalent to US$5 million.
Business
By Mthandazo Nyoni
May. 29, 2023
A communique concluding the three-day debt conference held in Harare recently outlined a raft of recommendations to be implemented by the government to address the debt issue.
Business
By Melody Chikono
May. 29, 2023
The dramatic fall of the local currency is being driven by a highly-speculative market as the country has mostly dollarised, with no concurrent economic growth to support it.
Business
By Tatira Zwinoira
May. 29, 2023
Maz executive secretary, Gillian Rusike said this year’s theme focused on brands that were conscious of the environment, social and governance issues.
Business
By RUGARE MUBIKA
May. 29, 2023
On May 4, OMZL launched OMDS as part of its strategy to pursue a digital transformation initiative to enhance its product offering and strengthen its service.
Business
By Business Reporter
May. 26, 2023
The event, which ran under the theme Rewarding Valiant Leadership in Volatile Times, was held in Harare on Wednesday.
Business
By RUGARE MUBIKA
May. 26, 2023
The funds are being raised by way of placement.
Business
By Mthandazo Nyoni
May. 26, 2023
According to the Chamber of Mines of Zimbabwe, diamond production reached 5,3 million carats last year, a 97,02% increase from 2021, with 5,5 million carats expected by year end.
Business
By Tatira Zwinoira
May. 25, 2023
In a trading update for the first quarter ended March 31, 2023 RioZim said the operating environment continued to be challenging throughout the quarter as inflation and exchange rates soared.
Business
By Mthandazo Nyoni
May. 25, 2023
The grade symbol serves as a promise to consumers of the service experience they can expect at the site.
Business
By Mthandazo Nyoni
May. 25, 2023
The Chinese firm acquired the Prospect asset in 2021 for about US$378 million.
Business
By Freeman Makopa
May. 25, 2023
In a statement yesterday, Telecel board chairperson James Makamba dismissed the notice as nothing, but a legal nullity.
Business
By Tatira Zwinoira
May. 24, 2023
Last month, the group announced that it had adopted a regional expansion strategy and successfully launched reinsurance operations in Botswana.
Business
By Mpumelelo Moyo
May. 24, 2023
This was not the first time for the company’s securities to be suspended on the London bourse for failing to publish audited results.
Business
By Mthandazo Nyoni
May. 24, 2023
Sandura said FCB had a wealthy history of strategic development and movement, and that the listing was no different.
Business
By Melody Chikono
May. 24, 2023
But early this week, Econet was forced to issue a statement, apologising to its customers for the network challenges it experienced over five days.
Business
By Business Reporter
May. 23, 2023
“The group anticipates completing the US$4,2 million Hwange Safari Lodge 100 rooms refurbishment during the second quarter of the current year,” ASL said.
Business
By Tatira Zwinoira
May. 23, 2023
Invictus said the board had agreed to accept oversubscriptions, up to an additional AU$5 million, to raise a total of up to AU$10 million.
Business
By Tatira Zwinoira
May. 23, 2023
These awards are a build-up to the National Business Awards which will be held in Victoria Falls from June 28 to 30 this year.
Business
By RUGARE MUBIKA
May. 23, 2023
The ACZ chief said the country was fortunate to be part of the Zimbabwe destination programme with the International Finance Corporation and the World Bank.
Business
By Freeman Makopa
May. 22, 2023
The micro-lender advised its shareholders that it was in the process of negotiating transactions as part of its capital raising initiative.
Business
By Tatira Zwinoira
May. 22, 2023
To minimise disruption to guests, much of the “messy” work in central areas, such as painting, is being done at night, he added.
Business
By Mthandazo Nyoni
May. 22, 2023
Zimbabwe has become one of the biggest lithium producers in the world.
Business
By Mthandazo Nyoni
May. 22, 2023
Mushoriwa said it was worrisome that, at one point, these debts would be assumed by government, a move which would see the burden being offloaded to the taxpayers.
Business
By Melody Chikono
May. 19, 2023
Invictus recently confirmed the presence of “light oil, gas-condensate and helium” from Mukuyu-1 compositional analysis.
Business
By Mthandazo Nyoni
May. 19, 2023
Customer deposits grew by 63,7% to $87,1 billion. T
Business
By Melody Chikono
May. 19, 2023
Mr. Scott Nathan, CEO of the U.S. International Development Finance Corporation (DFC)said, “DFC is proud to support African Data Centres
Business
By Business Reporter
May. 18, 2023
The exponential demand for connectivity directly results from the increasing adoption of digital technologies by enterprises across the continent.
Business
By Business Reporter
May. 18, 2023
The two neighbours have bilateral trade agreements and are both members of the Southern African Development Community (Sadc) Trade Protocol.
Business
By Freeman Makopa
May. 18, 2023
The trading update was in historical terms due to the unavailability of relevant consumer price indices which facilitate reporting in inflation-adjusted terms.
Business
By Mthandazo Nyoni
May. 18, 2023