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Nkosana Moyo joins Implats board

Former Industry and International Trade minister Nkosana Moyo has joined South Africa's Impala Platinum, the world's second largest platinum producer and Zimplats' parent company, as an independent no...Read more

Nkosana Moyo joins Implats board

05 March 2015 | 1141 Views
Former Industry and International Trade minister Nkosana Moyo has joined South Africa's Impala Platinum, the world's second largest platinum producer and Zimplats' parent company, as an independent no...

by Mafu Sithabile

iWayAfrica Zimbabwe achieves Cisco Certified Partner Status

05 March 2015 | 609 Views
iWayAfrica Zimbabwe, a Gondwana International Network (GIN) company has been awarded its Cisco Select Certified Partner status. Achieving this status certifies that iWayAfrica Zimbabwe has demonst...

by Watt Communications

New Intercape - Pathfinder coaches release destination routes

05 March 2015 | 2558 Views
The new Intercape - Pathfinder coach began operations under a joint partnership between locally owned Pathfinder and South African registered Intercape.The company will ply the Johannesburg-Bu...

by Staff reporter

New rules for money transfer agencies

05 March 2015 | 1796 Views
The RBZ has introduced new regulations for money transfer agencies and bureaux de change, change foreigners barred from having shareholding in the institutions. Morris Mpofu, the central b...

by Staff reporter

Heads roll at Steward Bank

05 March 2015 | 1512 Views
Econet Wireless-linked banking institution, Steward Bank, has suspended two senior managers in ongoing investigations over fraud. The development comes barely two months after former CE, K...

by Staff reporter

Econet accused of airtime cheating

04 March 2015 | 5053 Views
CUSTOMERS have accused Econet Wireless, Zimbabwe's largest mobile network operator, of fleecing them by providing substandard services.Econet Wireless customers have recently taken to social m...

by CAJ News

Steward Bank partners Mastercard on remittances

03 March 2015 | 1870 Views
Mastercard has announced a partnership with Steward Bank, which will make remittance services available to the bank's more than 1,5 million account holders.The announcement was made at the Mob...

by Staff reporter

Barclays Africa wants to take over the Zimbabwean unit

03 March 2015 | 2450 Views
Johannesburg - Barclays Africa has reported higher profits as it applied for a Nigerian banking licence and wants to take over the Egypt and Zimbabwe units still ran by its parent company, it said on...

by Sapa

Emirates to commence daily service to Bali

03 March 2015 | 1648 Views
HARARE - Emirates, which flies daily from Harare to Dubai via Lusaka, has announced that it will launch a new daily service to the island of Bali in Indonesia, from June 3, 2015.One of the mos...

by Staff Reporter

Telecel drams takes another twist

03 March 2015 | 2460 Views
SOME shareholders of the Empowerment Corporation, a 40 percent shareholder in Telecel Zimbabwe, say there was no agreement between EC and Brainworks Capital regarding the sale of EC's stake in the cou...

by Business Reporter

New Intercape - Pathfinder coaches resume operations

03 March 2015 | 5515 Views
The new Intercape - Pathfinder coach began operations yesterday under a joint partnership between locally owned Pathfinder and South African registered Intercape.The company will ply the Johan...

by Staff reporter

Netone introduces number matching service

01 March 2015 | 4787 Views
NETONE looks set to increase its subscriber base after releasing an advert calling on subscribers to move over and retain the last 5 or 6 digits of their current numbers.NetOne number matchin...

by Mafu Sithabile

Zimdollar account-holders to gain - RBZ

01 March 2015 | 5764 Views
ZIMBABWE dollar account-holders whose accounts were frozen upon the introduction of the multi-currency system in 2009 are reportedly going gain more from the demonetisation formula announced by the R...

by Staff Reporter

Jane Mutasa bid to stop Telecel EGM fails

27 February 2015 | 1592 Views
Key shareholder Dr Jane Mutasa's bid to stop the Extraordinary General Meeting to sanction the sale of Empowerment Corporation (Private) Limited's 40 percent stake in Telecel Zimbabwe (Private) Limite...

by Tawanda Musarurwa

Wise Owl Motel close shop

27 February 2015 | 1999 Views
LONG-ESTABLISHED Mutare hotel Wise Owl Motel dosed operations last week, Business Post reported.Wise Owl Motel, owned by prominent businessman and Zimbabwe National Chamber of Commerce nationa...

by Ngoni Dapira

DHL Named Africa's Number One International Freight Forwarder

27 February 2015 | 764 Views
JOHANNESBURG - DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post, has scooped the award for Africa's International Freight Forwarder of the Year for the 3rd time. The In...

by APO

Chanakira mourns AfrAsia collapse

27 February 2015 | 4341 Views
KINGDOM Bank founder Nigel Chanakira says the collapse of AfrAsia Bank - an institution he moulded to iconic status - is a sad development in the history of the financial service institutions in Zimba...

by Charity Ruzvidzo

Another Telecel blow for Mutasa

26 February 2015 | 5172 Views
High Court has dismissed businesswoman Jane Mutasa's bid to block the sale of Empowerment Corporation Limited 40% stake in Telecel Zimbabwe, thus further muddying the investment firm's boardroom ...

by Staff reporter

Zimplats wins tax dispute

26 February 2015 | 3866 Views
Platinum miner, Zimplats has won an order from the High Court to pay royalties at a rate agreed with government in 1994, creating room for a massive claim against a higher tax claim in 2009. ...

by Staff reporter

Govt mulls data tariff reduction

26 February 2015 | 1724 Views
The Government is considering a further reduction in mobile broadband rate to ensure access by all users. In an interview with TechnoMag, Information Communication Technology, Postal and Couri...

by Staff reporter

MTN scours Zimbabwe telecoms market

26 February 2015 | 4126 Views
SOUTH Africa-based multinational mobile telecommunications company, MTN, is scouring the Zimbabwean market for opportunities after a failed bid for the purchase of a stake in a government-owned telec...

by Staff reporter

Emirates unveils fabulous February fares for Zimbabwe

25 February 2015 | 4725 Views
HARARE - In keeping with its objective of enabling globalistas in Zimbabwe to say "hello" to new destinations and experiences in 2015, Emirates has unveiled another special offer on Business and E...

by Business Reporter

Batoka Gorge power plant plan expanded to 2,400MW

25 February 2015 | 1528 Views
PLANS for the long proposed Batoka Gorge Hydro-electric Power Plant have been expanded to 2.400MW from the initial 1.600MW, an industry official has said.The project is located on the Zambezi ...

by Business Reporter

Telecel licence saga takes new twist

24 February 2015 | 3183 Views
The Telecel licence saga has taken a new twist with insiders at the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) revealing the mobile phone operator's licence was never with...

by Staff reporter

Nigel Chanakira formed AfrAsia Bank collapses

24 February 2015 | 2603 Views
AFRASIA Bank Zimbabwe, founded as Kingdom Financial Holdings by Nigel Chanakira, has collapsed after the central bank confirmed the cancellation of its licence on Tuesday.Chanakira had inauspi...

by Staff Reporter

Hwange to sell coal to global miner Glencore

23 February 2015 | 2457 Views
Zimbabwe coal producer Hwange Colliery said on Monday it was negotiating to supply coal and coke to global miner Glencore and a deal could be reached at the end of this month, its managing director sa...

by Reuters

ZBC to introduce multiple TV channels

22 February 2015 | 5957 Views
Zimbabwe Broadcasting Corporation (ZBC) acting chief executive officer Mr Patrick Mavhura has said national broadcaster will be introducing channels that will be accessible only after paying a subscri...

by Staff Reporter

Adrenalin wins top media, marketing and advertising awards

20 February 2015 | 1611 Views
Adrenalin Advertising and Design has received both the Media Company of the Year Award and the Marketing and Advertising Company of the Year Award from the Zimbabwe Business Awards Council.Ea...

by Business Reporter

Makamba calls off Telecel-Brainworks deal

20 February 2015 | 2986 Views
Empowerment Corporation Private Limited shareholders have buried the hatchet with company chairperson James Makamba calling off a Friday extra ordinary general meeting and subsequent deal to sell ...

by Staff reporter

Delta to invest in new Chibuku plant

20 February 2015 | 1496 Views
Delta Corporation will spend about $17 million on setting up a new Chibuku Super plant at Fairbridge in Bulawayo, as the group moves to keep pace with growing demand. The country's biggest bev...

by Staff reporter

Mushayakarara buried

19 February 2015 | 2987 Views
A former senior civil servant, banker, economist and business executive, Mr Elisha Mushayakarara, who succumbed to cancer of the colon, has been buried at Greendale cemetery in Harare this Thursday af...

by Staff reporter

Zimbabwe's ATMs allow cardless transactions

19 February 2015 | 4979 Views
Zimbabwe's Econet Wireless has switched on airtime purchases and cardless mobile money transactions on automated teller machines (ATMs) owned by Steward Bank, which it controls, ...

by Fin24

Meikles fights ZSE suspension

19 February 2015 | 1628 Views
Meikles Limited has made an urgent chamber application at the High Court to challenge the Zimbabwe Stock Exchange's decision to suspend it from trading on the bourse. The conglomerate was susp...

by Staff reporter

GMB fails to pay workers for half a year

18 February 2015 | 2224 Views
Employees at the embattled Grain Marketing Board (GMB) on Wednesday blocked the company's head demanding their outstanding six months salaries."We are not striking but simply demanding what we...

by Staff Reporter

HR investment on the strategic agenda for African business

18 February 2015 | 990 Views
African businesses are taking the imperative of strategic human resources (HR) management seriously as they begin to compete on the global stage as well as strive to address growing regulatory and leg...

by Gerhard Hartman

More woes for Chanakira

18 February 2015 | 7220 Views
Kingdom Bank Africa Limited (KBAL) owned by prominent businessman Nigel Chanakira has been placed under curatorship in Botswana.The offshore outfit is said to be teetering on the brink of coll...

by Staff reporter

Keys Communications introduces its successful Township Wall Media to the rest of Africa, from Zimbabwe

18 February 2015 | 2073 Views
HARARE - After over 5 years of leadership in the township wall advertising industry throughout South Africa, township media specialists, Keys Communicati...

by APO

70% of Zimbabweans shun banks - research

18 February 2015 | 2861 Views
AN estimated 70 percent of the country's population prefers keeping its money under "pillows and mattresses despite the increase in financial inclusion mainly driven by mobile money platform, the Fin...

by Staff reporter

Telecel war: Judge suspends sale

17 February 2015 | 2023 Views
The Extraordinary General Meeting to sanction the sale of Empowerment Corporation (Private) Limited's 40 percent stake in Telecel Zimbabwe (Private) Limited will not go ahead as planned until the Hig...

by Fidelis Munyoro

Former ZB Financial Holdings CEO dies

16 February 2015 | 5715 Views
TOP banker, Elisha Nyikadzino Mushayakarara has died, Business Daily reported.He was born on 8 April 1943.  ...

by Staff reporter

'$5 compensation for Zimdollar accounts a howler,' says CZI boss

13 February 2015 | 4604 Views
The move by the Reserve Bank of Zimbabwe to demonetise the Zimbabwe dollar balances by alloting genuine account holders $5 per account is a faux pas, Confederation of Zimbabwe Industries (CZI) pr...

by Tawanda Musarurwa

Calls for Parliament to audit RBZ

13 February 2015 | 1588 Views
The Zimbabwe Coalition on Debt and Development (Zimcodd) has called for the setting-up of a Public Debt Commission to conduct an official public debt audit before any debt relief mechanism can be con...

by Business Reporter

Two RBZ subsidiaries to resume operations

13 February 2015 | 2248 Views
TWO Reserve Bank of Zimbabwe (RBZ) subsidiaries, Export Credit Guarantee Corporation's (ECGC) and Aurex Private Limited, will resume operations soon, central bank governor John Mangudya has said....

by Business Reporter

RBZ, Potraz seek clarity on EcoCash

12 February 2015 | 4083 Views
The Competitions and Tariff Commission (CTC) has held talks with the Reserve Bank of Zimbabwe seeking clarity on Econet's mobile money business, which has been the subject of an investigation in recen...

by Staff reporter

Econet launches Dial-a Doctor service

11 February 2015 | 2370 Views
Econet Wireless, through its Eco Health arm, today launched the Dial-a-Doctor service meant to bridge the gap in access to medical services in Zimbabwe.The service enables subscribers to talk...

by Rumbidzayi Zinyuke

Careers website receives over one million monthly visitors

11 February 2015 | 3002 Views
HARARE - Emirates Group, comprising Emirates airline and dnata, plans to hire over 11,000 new staff in the coming year across its business, in line with its projected growth across six continents....

by Staff Reporter

Zimbabwe's mega platinum project takes off

09 February 2015 | 2891 Views
A multibillion dollar platinum project signed between Zimbabwe and Russian investors late last year has started, it will produce a concentration of 10 million tonnes of ore per annum after completion,...

by Xinhua

Telecel re-introduces bonus calls to all other local networks

09 February 2015 | 2469 Views
Telecel Zimbabwe has re-introduced 100% off-net bonus on their Mega Bonus promotion which allows pre-paid subscribers to make calls for double the value of the airtime they purchase, regardless of who...

by Staff reporter

Blue Ribbon employees to stage demo

03 February 2015 | 2611 Views
BLUE Ribbon Industries employees have threatened to fight grain millers for attempting to block the agro processor's proposed takeover by Tanzanian-based Bakhresa. BRI employees plan to demonstrate...

by Conrad Mwanawashe

Central bank can raise over $1 billion says Gono

03 February 2015 | 3422 Views
FORMER Reserve Bank of Zimbabwe Governor Dr Gideon Gono says the central bank could raise more than $1 billion by disposing of non-core assets to clear its debt, but vehemently dismissed recent claims...

by Golden Sibanda

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