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Zimbabwe parliament built on private land
IN January we published a story saying part of the land on which Zimbabwe's new US$140 million Parliament and the planned US$60 billion ultra-modern Cyber City in Mt Hampden on the outskirts of the ca...Published: 20 Mar 2023 at 15:06hrs | 1757 | by Staff reporter
Mangudya warns against forex loans
In a situation where there is little foreign currency in the market despite the banking sector having US$2,5 billion in nostro deposits, Reserve Bank of Zimbabwe governor John Mangudya has warned agai...Published: 12 Mar 2023 at 06:37hrs | 3653 | by Staff Reporter
Zimbabwe to woo capital markets investors in London
ZIMBABWEAN government officials and corporate leaders are gearing for a major capital markets conference in London, United Kingdom, during the last week of next month to mobilise private capital to fi...Published: 08 Mar 2023 at 05:27hrs | 72 | by Staff reporter
Mthuli Ncube to headline London Zimbabwe capital markets conference
Finance and Economic Development Minister, Professor Mthuli Ncube, is next month expected to headline the Zimbabwe Capital Markets conference in London which seeks to showcase the opportunities and br...Published: 06 Mar 2023 at 05:14hrs | 212 | by Staff reporter
Zimbabwe to become Africa's Dubai
Zimbabwe plans to set up an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment....Published: 25 Feb 2023 at 08:54hrs | 11176 | by Staff reporter
Land row threatens US$50m hotel construction
A ROW over land between Victoria Falls Town Council (VFTC) and a private company, Wild Horizons, is threatening to scuttle plans to construct a US$ 50 million hotel in the resort town.This com...Published: 20 Feb 2023 at 05:33hrs | 1880 | by Staff reporter
Econet among Africa's top 250 companies
Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have been named among Africa's top 250 companies by the African Business magazine.Every Year the African Business top 2...Published: 17 Jan 2023 at 16:21hrs | 392 | by Staff reporter
Econet Wireless stung by more FOREX losses
Econet, Zimbabwe's largest telecommunications company, has reported heavy foreign exchange losses throughout the year.In its latest half-year report for the period ended August 31, 2022, Econe...Published: 19 Dec 2022 at 21:12hrs | 1267 | by Mzingaye Nxumalo
'VFEX growth exceeds expectation'
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has lauded the rapid growth of the Victoria Falls Stock Exchange (VFEX), which witnessed the listing of the fifth counter, Nedbank Gr...Published: 28 Nov 2022 at 04:55hrs | 197 | by Staff reporter
Innscor invests in beer plant
ZIMBABWE Stock Exchange-listed Innscor Africa Holdings has invested close to US$70 million into a beer manufacturing plant under its Buffalo Brewing Company (Buffalo) with more funds expected to be in...Published: 11 Nov 2022 at 05:08hrs | 964 | by Staff reporter
Stern warning for errant schools
Zanu-PF has expressed concern over the deaths of pupils in schools, extra lessons, and the charging of exorbitant fees including some exclusively in foreign currency.This is contained in the p...Published: 31 Oct 2022 at 04:50hrs | 293 | by Staff reporter
Nedbank Zimbabwe heads for VFEX
FINANCIAL services outfit, Nedbank Zimbabwe said on Friday it planned to list on the Victoria Falls Stock Exchange (VFEX) on November 18, becoming the first lender to trade its stock at the waterfall ...Published: 24 Oct 2022 at 06:09hrs | 319 | by Staff reporter
US$ VFEX market capitalisation jumps 25% in Q3
The Victoria Falls Stock Exchange (VFEX) market capitalisation increased by 25 percent to US$345 million in the third quarter to September 30, 2022 from US$273,24 million in the previous quarter....Published: 18 Oct 2022 at 05:57hrs | 82 | by Staff reporter
Zimdollar notes are disappearing on the streets
October temperatures start to climb early in Harare, but by noon beverages vendor Davis Kugara is already counting his losses for the day.One after the other, many of his potential customers a...Published: 04 Oct 2022 at 22:15hrs | 3675 | by Staff reporter
Econet re-opens Bulawayo shop
ECONET Wireless Zimbabwe on Friday re-opened its refurbished main shop in Bulawayo, which was closed for extensive renovations in April this year.The refurbishment is part of Econet's ongoing ...Published: 03 Oct 2022 at 19:49hrs | 194 | by Staff reporter
RioZim faces corporate rescue
A TRADE union has given the Zimbabwe Stock Exchange-listed resources outfit RioZim a seven-day ultimatum to recapitalise and settle outstanding salaries or face administration.In a letter addr...Published: 28 Sep 2022 at 06:01hrs | 416 | by Staff reporter
US$100m Govt bond to hit market by December
THE Government will launch the US$100 million bond on the Victoria Falls Stock Exchange (VFEX) by the end of this year to mobilise more resources for critical public infrastructural development projec...Published: 23 Sep 2022 at 05:49hrs | 388 | by Staff reporter
Zimdollar to further strengthen?
The Zimbabwe dollar is likely to strengthen as extra strands in the policies to decrease the amount of local currency in bank accounts, while increasing the amount of foreign currency in official mark...Published: 20 Sep 2022 at 06:02hrs | 763 | by Staff reporter
Roads closed for Mbudzi Intercharge
MULTIPLE stretches of vital roads constituting a combined 4,5km will be shut down this Sunday, to allow for the construction of the US$88 million Mbudzi Interchange in Harare, officials said yesterday...Published: 14 Sep 2022 at 05:50hrs | 471 | by Staff reporter
Zimbabwe's capital markets collapse
DELTA Corporation CEO Matlhogonolo Valela has given graphic details about the frustrations that local firms have been enduring in accessing capital due to the country's difficult business environment....Published: 11 Sep 2022 at 15:21hrs | 1099 | by Staff reporter
Mnangagwa moves to calm Zimbabwe investors
PRESIDENT Emmerson Mnangagwa this week moved to calm market concerns over the obtaining business climate, as he gave fresh undertakings to iron out hurdles to investment under his "Zimbabwe is Open fo...Published: 26 Aug 2022 at 20:47hrs | 638 | by Staff reporter
Mnangagwa says Zimbabweans must stop parroting foreign narratives
ZIMBABWEANS should believe in themselves despite the continued imposition of sanctions on the country and be inspired by the national interest to work harder to develop their own country rather than "...Published: 14 Aug 2022 at 07:21hrs | 570 | by Staff reporter
Mnangagwa tells profiteers to play fair,
PRESIDENT Mnangagwa yesterday reiterated the need to adopt fair business practices and urged economic stakeholders to rally behind the country's transformation agenda and leave a legacy of positive im...Published: 13 Aug 2022 at 07:23hrs | 123 | by Staff reporter
Mnangagwa's hectic schedule
PRESIDENT Mnangagwa will today lead key proceedings in a double hectic schedule in the resort city of Victoria Falls where he is set to officially open the End of Term Judges Symposium this morning an...Published: 12 Aug 2022 at 06:34hrs | 386 | by Staff reporter
Econet boss bags top director award
DEPUTY chief executive officer at Zimbabwe Stock Exchange-listed telecommunications giant, Econet, Roy Chimanikire was on Friday named Director of the Year for 2021.The director of the year aw...Published: 11 Aug 2022 at 06:43hrs | 503 | by Staff reporter
Power outages, vandalism strain Econet operations
TELECOMMUNICATIONS giant Econet Wireless Zimbabwe Limited says the persistent power outages across the country have adversely affected its operations and increased costs in its attempt to use alternat...Published: 07 Aug 2022 at 08:19hrs | 54 | by Staff reporter
NSSA probe widens
CORRUPTION investigations at the National Social Security Authority (Nssa), which saw general manager Arthur Manase being suspended early last month, have widened to include companies and individuals ...Published: 02 Aug 2022 at 06:47hrs | 811 | by Staff reporter
EcoCash introduces Thembie the chatbot
EcoCash, Zimbabwe's leading mobile money platform and a subsidiary of EcoCash Holdings – the diversified digital and fintech group listed on the Zimbabwe Stock Exchange – on has added another digi...Published: 28 Jul 2022 at 06:37hrs | 1048 | by Staff reporter
'Puppets will never rule Zimbabwe'
PRESIDENT Mnangagwa yesterday said time has come to vote out corrupt opposition councillors whose parties have not only run down local authorities but are puppets of Western countries that want to rem...Published: 26 Jul 2022 at 06:37hrs | 905 | by Staff reporter
Anthony Mandiwanza finally retires
LONG-SERVING Dairibord Holdings chief executive officer, Mr Anthony Mandiwanza, is retiring after serving the company for 34 years, 24 of them at the helm.In a statement on Wednesday, Da...Published: 20 Jul 2022 at 18:19hrs | 1214 | by Staff reporter
EcoCash brings more convenience for its users, unveils new bill management service
EcoCash has introduced 'EcoCash Bill Manager', a new service that brings more convenience for its users and simplifies how EcoCash customers manage their bill payments to different service providers, ...Published: 01 Jul 2022 at 04:42hrs | 1248 | by Agencies
EcoCash partners PayPal
EcoCash has partnered PayPay to facilitate international remittances to Zimbabwe through its existing partnership with global cross-border remittance giant Thunes."Leveraging our Hub partnersh...Published: 29 Jun 2022 at 07:46hrs | 537 | by Staff reporter
PPC downbeat as inflation shakes Zimbabwe
JOHANNESBURG Stock Exchange (JSE)-listed Pan African cement maker, PPC has said its earnings per share (EPS) from the Zimbabwean operations would be undermined by rocketing inflation.Ahead of ...Published: 24 Jun 2022 at 07:41hrs | 658 | by Staff reporter
Mapping for urban title deeds underway
Mapping of seven urban suburbs in the title formalisation process is now complete and while that process continues with the next suburbs on the list, the first stand owners being processed are now acq...Published: 22 Jun 2022 at 06:40hrs | 168 | by Staff reporter
Zimbabwe airports agency beefs up security
ZIMBABWE'S airports authorities are planning to roll out multi-pronged systems enabling them to beef up security at porous exit and entry points, businessdigest was told this week.Previously, ...Published: 17 Jun 2022 at 08:57hrs | 831 | by Staff reporter
Meikles disposes of Cape Grace Hotel
ZIMBABWE Stock Exchange-listed diversified group Meikles Limited has disposed of its strategic foreign asset, Cape Grace Hotel in Cape Town, South Africa, for about US$20 million, the Zimbabwe Indepen...Published: 17 Jun 2022 at 08:55hrs | 563 | by Staff reporter
ZB rebrands
ZB Financial Holdings has embarked on a major rebranding exercise, which will see the group adopting a new model that will centralise operations within branches as it moves to be customer-centric and ...Published: 15 Jun 2022 at 07:27hrs | 372 | by Staff reporter
ZTN Prime goes live on DStv
There was joy, whistling, ululation and clapping of hands by staffers in Herald House's second floor that houses Zimpapers Television Network (ZTN) yesterday, when ZTN Prime channel went live with the...Published: 25 May 2022 at 06:29hrs | 165 | by Staff reporter
RBZ in dramatic U-turn on lending
THE central bank yesterday lifted its temporary suspension of lending services by banks after the policy triggered sustained protests from industry, commerce and the public in general.In a sta...Published: 18 May 2022 at 06:23hrs | 1227 | by Staff reporter
Mnangagwa ban added fuel to a fire
The government's on-going crackdown against financial institutions to stem the collapse of the Zimbabwe dollar will only worsen the economic crisis facing the country instead of solving it.Pre...Published: 15 May 2022 at 06:13hrs | 670 | by Staff reporter
MPs gang up against Mthuli Ncube over Mnangagwa measures
LEGISLATORS across the political divide joined hands in strongly condemning recent economic containment measures introduced by President Emmerson Mnangagwa, saying they were piece-meal and counterprod...Published: 15 May 2022 at 06:13hrs | 2269 | by Staff reporter
Banks: If gold rusts, what will iron do?
Native Commissioner Oates, I presume!LORD Jonathan Oates' ambition is becoming a latter-day colonial Native Commissioner.Too late chum, both by age and history! Still both don't deter ...Published: 14 May 2022 at 06:22hrs | 892 | by @Jamwanda2 on Saturday
Foreign banks troop to Zimbabwe forex auction
UNITED States-based multinational investment outfit JP Morgan was among global lenders that repatriated a combined US$30 million through the Reserve Bank of Zimbabwe (RBZ)'s forex auction system by th...Published: 13 May 2022 at 19:10hrs | 699 | by Staff reporter
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 381 | by Staff reporter
Zanu-PF blasts Newsday
The ruling Zanu-PF has blasted attempts by some fanatical private publications that have roped in known Government critic Norton Legislator Hon Temba Mliswa to undermine the name of the President....Published: 05 May 2022 at 18:42hrs | 879 | by Staff reporter
Masiyiwa surpasses Patrice Motsepe to become the richest black man in Southern Africa
Strive Masiyiwa is now the richest black man in Southern Africa, with a net worth surpassing $4.4 billion – dethroning Patrice Motsepe from the position, according to one count.Masiyiwa's ne...Published: 30 Apr 2022 at 16:14hrs | 269 | by Staff reporter
Mthuli Ncube holds talks with investors on USD bond
Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond th...Published: 25 Apr 2022 at 08:49hrs | 578 | by Staff reporter
Mujuru's daughter thrown under the bus
THE High court has dismissed with costs an application by former vice-president Joice Mujuru's daughter who was accusing her of trying to steal her inheritance and businesses through forgery.N...Published: 09 Apr 2022 at 08:37hrs | 2213 | by Staff reporter
ZSE inches closer to $2 trillion
MARKET capitalisation on the Zimbabwe Stock Exchange (ZSE) inched closer to $2 trillion on Monday, after gaining 40% since the beginning of the year, according to official data.As of yesterday...Published: 09 Mar 2022 at 07:01hrs | 126 | by Staff reporter
CBZ to introduce exchange trade fund
CBZ Asset Management says it will introduce an exchange trade fund (ETF) tomorrow, which tracks the Zimbabwe Stock Exchange (ZSE) modified consumer staples index.This comes as the Securities a...Published: 02 Mar 2022 at 05:34hrs | 137 | by Staff reporter
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