Breaking News

ZB Bank runs out of cash

CHAOS rocked ZB Bank branches in most parts of the country between Friday and yesterday, as depositors refused to leave banking halls after failing to get their cash from both inside the bank and at i...Read more

ZB Bank runs out of cash

01 December 2015 | 1989 Views
CHAOS rocked ZB Bank branches in most parts of the country between Friday and yesterday, as depositors refused to leave banking halls after failing to get their cash from both inside the bank and at i...

by Staff reporter

Stanbic bank Zimbabwe introduces mortgage loans

01 December 2015 | 3873 Views
STANBIC Bank Zimbabwe has introduced home loans repayable up to 20 years to the market to enable potential homeowners in the country to realise their dream. The bank's head of personal and business ba...

by Brighton Gumbo

Telecel introduces Telecash bundles

30 November 2015 | 1751 Views
Telecel Zimbabwe has introduced Telecash bundles that allow subscribers to send money, cash out and pay bills at no charge once they have paid a once-off monthly fee of either $2.50 or $5.The ...

by Business Reporter

Smart home technology arrives in Zimbabwe

30 November 2015 | 3203 Views
Smart home technology enabling you to automate your home, using your smart phone to remotely control electronic devices, has arrived in Zimbabwe.Safeguard Alarms has introduced smart home tech...

by Business Reporter

GMB pays $67,8m to farmers

30 November 2015 | 626 Views
THE Grain Marketing Board (GMB) has cleared $67,8 million it owed to farmers for grain deliveries made between 2013 and this year. Announcing the 2016 national budget last week, Finance and Economic D...

by Oliver Kazunga

Fly Africa squabbles take new twist

30 November 2015 | 1591 Views
Local Fly Africa shareholders Nu Aero Pvt Limited, have accused their foreign partners, of externalising money from the business, in a sensational twist to squabbles that have rocked the...

by Staff reporter

Zimbabwe insurance firms accused of robbing policy holders

29 November 2015 | 2044 Views
PENSION and insurance players in Zimbabwe are not maintaining accurate and comprehensive data which allows for precise calculation of pension and insurance funds and member benefit entitlements....

by Staff reporter

Zupco imported buses still parked due to govt failure top pay duty

28 November 2015 | 2813 Views
The Zimbabwe United Passengers Company buses which were bought from abroad recently are still parked and unused because the government is still struggling to raise import duty.This emerged dur...

by Stephen Jakes

Econet barred from increasing tariffs

25 November 2015 | 2825 Views
ECONET Wireless (Pvt) Ltd mobile subscribers got a reprieve after the Administrative Court stopped the firm's bid to increase tariffs as clients are already reeling from high charges. Econet wanted to...

by Fidelis Munyoro

Econet shuts down, auctions subsidiary

24 November 2015 | 6102 Views
ECONET Wireless Global (EWG) has shut down and put on auction its water purifying company, Seldon Technologies, in a move blamed on negative economic performance. EWG is the holding company of the cou...

by Oliver Kazunga

Lucky Telecel subscriber wins a house

19 November 2015 | 3369 Views
A lucky Telecel subscriber was presented with the keys to a brand new house after winning one of the three houses in Telecel's Win A House promotion which is offering three new houses as grand prizes ...

by Agencies

Steward Bank targets 250 000 new accounts

19 November 2015 | 3153 Views
Steward Bank is opening at least 200 new accounts per day and is targeting 250 000 new accounts as it rolls out more agency banking outlets aimed at reducing costs. This comes as the bank ...

by Staff reporter

Telecel Zimbabwe sold to government's Zarnet

18 November 2015 | 3219 Views
VimpelCom today announced that its 51.9%...

by Staff reporter

ZB Holdings to push up the uptake of its cluster houses

16 November 2015 | 1571 Views
ZB Financial Holdings Limited is seeking partnerships with real estate agents to push up the uptake of its cluster houses in Hatfield. The housing units range between $122 000 to $135 000 acce...

by Staff reporter

Econet disconnects 1 million subscribers

16 November 2015 | 4805 Views
The country's largest mobile operator, Econet Wireless Zimbabwe, has disconnected one million unregistered lines.The lines were disconnected last week.Sources privy to the goings-on sa...

by Lovemore Meya

Cimas opens dental clinic in Milton Park

13 November 2015 | 2144 Views
Cimas Medical Aid Society has opened a dental clinic in Harare's Milton Park suburb. It is the first such clinic to be opened by Cimas, which operates nine primary healthcare clinics in different ...

by Staff Reporter

Safeguard Bulawayo comes tops in Megafest Business Awards

13 November 2015 | 1152 Views
Safeguard Bulawayo was presented with the 2015 Business Excellence Award at the Bulawayo and Southern Region Megafest National Business Awards. The company's managing director for the Bulawayo...

by Mike Hamilton

Zimbabwe government takes over Telecel

13 November 2015 | 2994 Views
Government has seized control of Telecel Zimbabwe after concluding a $40 000 million deal to take over the country's third largest mobile operator by buying out international telecommunications gi...

by Staff reporter

Zimbabwe business rejects SA rand

13 November 2015 | 3583 Views
SOME businesses in Bulawayo and Gweru are no longer accepting South African rands due to its continued weakening against the United States dollar. The development has created inconveniences fo...

by Pamela Shumba and Patrick Chitumba

Declining volumes dent Delta's profits

12 November 2015 | 1401 Views
Beverages producer Delta Corporation has reported a 19 percent decline in after tax profit to $35,7 million for the half-year to September 30 on the back of declining volumes across all its segments....

by Staff reporter

South African lender Nedbank expands its footprint in Zimbabwe

11 November 2015 | 3964 Views
South African lender Nedbank is expanding its footprint in Zimbabwe, despite the economic turbulence, which the company is sizing up to determine if it can avail more funding facilities for on-lending...

by Tawanda Karombo

Telecash subscribers to receive money instantly and directly from diaspora

10 November 2015 | 2655 Views
Telecel Zimbabwe has announced that it has been granted authority by RBZ to receive incoming international remittances directly into subscribers' Telecash wallets and will be working with Mukuru to im...

by Staff Reporter

Zimbabwe retail outlets reject rand coins

08 November 2015 | 2944 Views
THE country's monetary authorities - the Reserve Bank of Zimbabwe - last week noted that they currently hold bond coins worth $1 million in their vaults and the money can easily be deployed in the mar...

by Africa Moyo and Darlington Musarurwa

Khaya Moyo urges private sector to leverage on call centres to create jobs

06 November 2015 | 2168 Views
Government has called upon the private sector to invest in call centres so as to create more jobs within the economy.A call centre is basically a facility that is equipped to handle large amou...

by Staff reporter

Masawara rakes in $6.1m profit

06 November 2015 | 1277 Views
Investment company, Masawara Plc, said first half profits increased by 38.6 percent to $6.1million from $4.4 million due to a stellar performance by its subsidiary TA Holdings Limited. The...

by Staff reporter

French oil giant injects $20 million into Zimbabwe

05 November 2015 | 3078 Views
French Oil and gas company Total Zimbabwe has invested more than US$20 million over the last three years to strengthen its business in Zimbabwe. The company's managing director Chris Onkon...

by Staff reporter

Econet to discontinue its philanthropic project

05 November 2015 | 3970 Views
ECONET will discontinue its philanthropic project to train young people in computer skills before the company has barely achieved half the initial set objectives due to budgetary concerns.At l...

by Staff reporter

Jericho becomes Zimbabwe's first ever $15 million agency

03 November 2015 | 3767 Views
We are delighted to announce that our Agency has now become the first ever Zimbabwean agency in history to breach the US$15 million mark in billings with two months to go to the end of the year....

by Staff reporter

flyafrica Namibia Launches Windhoek-Cape Town!

03 November 2015 | 1961 Views, Africa's Low Fare Airline, successfully launched its inaugural Windhoek to Cape Town flight on Monday 2 November with the on time departure of N6 347 from Windhoek at 10:55AM. The retur...

by Staff Reporter

Telecel hauls three awards at Service Excellence Awards ceremony

03 November 2015 | 1588 Views
Telecel Zimbabwe has won three awards during the recent Contact Centre Association of Zimbabwe, CCAZ, Service Excellence Awards, the awards were for 1st prize Customer Service Executive of the Year, 1...

by Staff Reporter

Former employee accuses OK stores of refusing to pay him his dues

03 November 2015 | 3018 Views
A former till operator with the Ok Zimbabwe Stores in Bulawayo has accused the chain store for refusing to pay him  his outstanding packages after he resigned from work.The former worker,...

by Stephen Jakes

Zimbabwe has potential to build call centres to attract $100 million in FDI

03 November 2015 | 1703 Views
CCAZ says Zimbabwe has the potential to build a call centre industry contributing $100 million in foreign direct investment (FDI). This comes after the call centre industry is on a rebound...

by Staff reporter

State enterprises cited a the missing link

03 November 2015 | 1416 Views
Zimbabwe's 78 state enterprises and parastatals have been cited as the missing link in fostering economic growth as they are riddled with huge debts.The enterprises continue to bleed the fisc...

by Staff reporter

Zimbabwe parastatals told to stop blaming sanctions

02 November 2015 | 1832 Views
The perennial loss making and unrepentant state owned enterprises have been warned to stop making unjustified excuses for their dismal performances.According to corporate governance expert...

by Staff reporter

Zimbabwe diamond firms face closure

02 November 2015 | 2029 Views
The government is unlikely to renew mining licences for all diamond mining companies in Chiadzwa because they defaulted on their fees and did not show intentions to renew their papers, parliamentarian...

by Lloyd Gumbo

5% airtime tax, government urged to re-think

01 November 2015 | 2024 Views
Telecommunications operators are engaging government for the removal of the five percent duty on airtime sales which they argue is putting pressure on the performance of the sector.The five pe...

by Staff reporter

Four arbitrators appointed to bring sanity at PSMAS

30 October 2015 | 1929 Views
THE deputy minister of Public Service. Labour and social Services Tapiwanashe Matangaidze has said government recently appointed four arbitrators to bring sanity at the troubled Premier Service Medica...

by Stephen Jakes

fastjet completes first Zimbabwe flight

29 October 2015 | 2971 Views
A budget airline Fast Jet Zimbabwe has launched the Harare-Victoria Falls route in a move set to promote domestic tourism in the country.The introduction of the flight is expected to impro...

by Staff reporter lays criminal charges against Zimbabwe Partners

29 October 2015 | 4189 Views has allegedly unearthed serious fraud and theft charges totalling in excess of $140,000 USD against a family member of its local partner in flyafrica Zimbabwe.The airliner's Chie...

by Stephens Jakes

Cimas CEO Mac Chaora retires

28 October 2015 | 2358 Views
Cimas Medical Aid Society group chief executive Mac Chaora will be leaving Cimas at the end of the year, after more than 17 years at the helm of Zimbabwe's oldest private sector medical aid society....

by Staff Reporter

Fly Africa surrenders its Zimbabwe operating license

28 October 2015 | 7440 Views
Fly Africa's operations have been suspended after the airline surrendered its operating licence due shareholding disputes and failure to meet statutory requirements.The low cost airline's plan...

by Staff reporter

Govt to engage India to recapitalise ZUPCO

28 October 2015 | 2542 Views
THE DEPUTY MINISTER OF LOCAL GOVERNMENT, PUBLIC WORKS AND NATIONAL HOUSING Christopher Peter Chingosho has said the government is engaging the Indian Bank to recapitalise the struggling Zimbabwe Unite...

by Stephen Jakes

Govt's Telecel acquisition put on hold

28 October 2015 | 1475 Views
Government has put on hold plans to buy the entire shareholding of mobile network operator, Telecel. The acquisition of a stake in Telecel is not even on the ICT ministry's priorities in t...

by Staff reporter

Zimpapers experience decline in copy sales

27 October 2015 | 2424 Views
ZIMBABWE Newspapers is experiencing a decline in copy sales and advertising which has negatively impacted revenue.The media group saw revenue declining by five percent to $19,9 million for the...

by Staff Reporter

Delta, Liquor Board on collision course

27 October 2015 | 2120 Views
Delta Beverages is on collision course with the Liquor Licensing Board, which want the company's drivers to carry on them agent's licences when making deliveries. The LLB has since roped i...

by Staff reporter

Air Zim owns property far less that the debt it owes

27 October 2015 | 1493 Views
The Deputy Minister of Transport and Infrastructural Development, Michael Madanha has said the debt that the Air Zimbabwe owes other institutions is worth more than the property it has hence it is now...

by Stephen Jakes

Dangote to sink $1,2 billion in Zimbabwe

27 October 2015 | 3120 Views
THE Zimbabwe Investment Authority has issued the Dangote Group with licences for three projects worth $1,2 billion, paving way for Nigerian billionaire Mr Aliko Dangote to start implementing business ...

by Lloyd Gumbo

New Zimbabwe mining regime in pipeline

26 October 2015 | 2138 Views
The government is crafting a new mining fiscal regime to come up with tax incentives for investors.A recent letter of intent to the International Monetary Fund (IMF) compiled by the Minist...

by Staff reporter

MTN Nigeria fined $5.2 billion

26 October 2015 | 3312 Views
The Nigerian Communications Commission (NCC) has issued a landmark fine of N1.04 trillion ($5.2bn) against MTN Nigeria, the largest mobile network operator in the country for failing to disconnect sub...

by Chima Akwaja

Mugabe in $20 million debt

23 October 2015 | 7658 Views
President Robert Mugabe's Gushungo Holdings firms in under a $20 million debt a move that has forced him to seek emergency funding.Subsidiary form - Alpha Omega Dairy plant has a capacity to p...

by Staff Reporter

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