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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 | 2252 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 | 2551 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 | 1904 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

Willowvale in new business model

27 January 2015 | 2096 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 | 3370 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 | 2617 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 | 1319 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 | 1158 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

Strong first-half earnings performance by Imara

26 January 2015 | 1402 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 | 2560 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 | 4241 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 | 3975 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

Dr Mambondiani appointed Steward Bank acting CEO

22 January 2015 | 4355 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

Telecel executive expected in Zimbabwe this week

22 January 2015 | 3062 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 | 3136 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 | 1542 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 | 1770 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 | 2893 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

GM expands market share in Zimbabwe

20 January 2015 | 2156 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 | 4830 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 | 1520 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 | 1545 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 | 5132 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

NSSA to get a building society licence

18 January 2015 | 3299 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 | 1724 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 | 1828 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

The ACBF, ECA to sign MOU on partnership

14 January 2015 | 2677 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

New twist to Intermarket, ZB saga

14 January 2015 | 4268 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

DHL resists Zimbabwe indigenisation plans

11 January 2015 | 3855 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 | 4894 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

Fraudulent Filling Station - workers face uncertain future

08 January 2015 | 6806 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 | 7704 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

AfrAsia excludes Zim unit from the group's consolidated accounts

08 January 2015 | 3112 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

Zimbabwe welcomes fourth mobile telecom operator

07 January 2015 | 9974 Views
Powertel, a subsidiary of state owned power company, Zimbabwe Electricity Supply Authority (ZESA) Holdings, has been unveiled as the southern African country's fourth mobile network service.Cu...

by Staff reporter

Black Zimbabwean appointed Innscor Chairman

06 January 2015 | 4088 Views
Innscor Africa Limited has appointed commercial lawyer Addington Chinake as its new Chairman to replace David Morgan. While the ZSE listed conglomerate was reportedly finalising the formal...

by Staff reporter

Mutasa ups stake in Masawara

06 January 2015 | 4918 Views
Business mogul Shingi Mutasa has through FMI Holdings Private Limited increased his shareholding in Masawara plc to 51.32% of the company issued share capital. According to the Jersey regi...

by Staff reporter

Fidelity Life housing project rolls out

05 January 2015 | 2992 Views
Insurance conglomerate Fidelity Life Assurance has earmarked the allocation of stands in the first phase of its two residential housing development projects beginning March this year. Init...

by Staff reporter

CABS introduced new product for paid-up clients

05 January 2015 | 6038 Views
ZIMBABWE'S biggest mortgage lender, CABS, has introduced a new product, Equity Release finance which allows paid up customers to re-borrow 50% of the value of the paid up properties over a five-year p...

by Business Reporter

Econet finally slashes tariffs

04 January 2015 | 3223 Views
The country's largest telecommunications company, Econet Wireless has slashed tariffs by more than 30 percent in line with a Government directive which came into effect on January 1, 2015 in spite o...

by Staff Reporter

Fly Africa to introduce 11 regional routes

04 January 2015 | 2352 Views
Zimbabwean low cost airline, Fly Africa says it will introduce 11 regional routes this year as part of the airline's expansion programme.The local airline which began operations last year plan...

by Staff Reporter

Econet to drag Potraz to court over 15c voice tariffs

02 January 2015 | 6626 Views
A POTRACTED legal battle is brewing between Econet Wireless Zimbabwe and the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) over its directive to slash voice tariffs from 23 c...

by Staff Reporter

Central bank to liquidate Interfin

01 January 2015 | 2570 Views
THE Reserve Bank of Zimbabwe (RBZ) yesterday announced that the curatorship period of Interfin Bank Limited expired yesterday, with the central bank saying it had applied to the High Court to have the...

by Staff Reporter

GMB boss 'Mandizha' quits

31 December 2014 | 4065 Views
Grain Marketing Board general manager Mr Albert Mandizha's contract of employment expired on November 30 after serving the firm for seven years, while the hunt for his successor has begun. ...

by Staff Reporter

Econet refuses to slash voice tariffs

30 December 2014 | 9026 Views
Mobile operators, NetOne and Telecel have moved in to comply with the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ)'s directive to slash voice tariffs from 23 cents to 15 cen...

by Staff Reporter

Government to revamp Nssa Act

30 December 2014 | 2902 Views
HARARE - Government plans to revamp the National Social Security Authority (Nssa) Act by reviewing certain aspects stipulating how investments will be undertaken using pension funds.Financ...

by Staff Reporter

Dubai firm to invest over $2 billion in real estate

30 December 2014 | 2780 Views
ABU DHABI - Dubai Investments (DI), the diversified Gulf-based investment group, plans to invest more than Dh10 billion ($2,72 billion) into the UAE real estate market, a top official said.A...

by Staff Repporter

PSMAS: Vicious internal fights over Cuthbert Dube's job

29 December 2014 | 3948 Views
Government health insurer, Premier Service Medical Aid Society (PSMAS), still reeling from a pay-scam that precipitated what has become known as the salary-gate scandal, is undergoing extensive restru...

by Staff Reporter

Gwanda mine continues to defy indigenisation laws

26 December 2014 | 3413 Views
Duration Gold, the company that took over operations at Vumba Chigwe Mine in Gwanda has continued to defy government on ceding 51% share ownership to locals in line with the indigenisation laws....

by Staff Reporter

Central bank monitoring suspicious transactions

21 December 2014 | 7577 Views
THE Reserve Bank of Zimbabwe says it is monitoring suspected illicit transactions and some individual bank accounts which are being used for business operations in a calculated move to circumvent ...

by Business Reporter

Mphoko promises to take Bulawayo industries back to their glory days

20 December 2014 | 8793 Views
The Vice President, Phelekezela Mphoko says the Bulawayo business community should work together in finding ways to revive the city's industries.Addressing the business community during a par...

by Staff Reporter

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