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Prophet Walter Magaya in financial trouble
Leading ZIFA presidential candidate Prophet Walter Magaya is at risk of losing his hotel and the Heart Stadium in Waterfalls, Harare, due to an outstanding debt of US$420,000 owed to GetBucks Microfin...Published: 12 Oct 2024 at 16:47hrs | 2571 | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
High Courts foils illegal hostile company takeover
IN a huge victory for Israeli investor Ofer Sivan, the High of Zimbabwe has blocked the 'illegal' hostile takeover of earth moving equipment business, Adelcraft Investments, by Gillad Shabtai and his ...Published: 28 Feb 2023 at 08:44hrs | 21 | by Paul Ndou
Zimbabwe govt to pay US$ to depositors
THE Government has availed through Kuvimba Mining House, US$400 000 to the Deposit Protection Commission (DPC) to start the process of compensating small and vulnerable depositors who saw the value of...Published: 30 Jan 2022 at 08:21hrs | 8 | by Staff reporter
RBZ grants 26 firms bureaux de change licences
THE Reserve Bank of Zimbabwe (RBZ) has issued licences to 26 institutions to operate as Bureaux de Change.In a notice, the RBZ said this is line with foreign exchange guidelines in the 2019 Mo...Published: 01 Apr 2019 at 21:38hrs | | by Staff reporter
ZAA International launches Canada Edition
ZIMBABWE Achievers Awards (ZAA) International has announced the forthcoming launch of ZAA Canada. The North American country is the fifth nation to join the growing franchise first established in 2010...Published: 23 Feb 2019 at 07:58hrs | 1 | by Agencies
ZimAchievers Awards South Africa announces 2019 Nominees, partners
Zimbabwe Achievers Awards South Africa (ZAA SA) have announced the nominees for the 5th Zororo Phumulani ZAA SA on their website and social media platforms during a live broadcast from South Africa....Published: 11 Feb 2019 at 09:20hrs | 7 | by Agencies
Strive Masiyiwa grows business empire
ECONET Wireless founder Strive Masiyiwa this week consolidated his position as one of Zimbabwe's richest investors after his fintech company, Cassava SmarTech (CSZL), became the most valuable counter ...Published: 22 Dec 2018 at 19:10hrs | | by Staff reporter
Getbucks profit jumps 25% in H1
GetBucks, a deposit-taking microfinance institution listed on the Zimbabwe Exchange, has reported a 25% growth in profit after tax in the first six months of the year, buoyed by a reduction in operati...Published: 04 Oct 2018 at 05:52hrs | | by Staff reporter
Mortgage loans up 44%
A total of $98,7 million mortgage loans were advanced to clients in the seven months to July 2018, an industry official has said. The figure is 44,3 percent more than the $55 million which was extende...Published: 02 Oct 2018 at 09:36hrs | | by Staff reporter
Chamisa challenge weighs down ZSE
THE Zimbabwe Stock Exchange (ZSE)'s market capitalisation lost over $200 million last week as the market indices continued to be held down by the uncertainty around elections, ZSE data shows.A...Published: 14 Aug 2018 at 06:43hrs | | by Staff reporter
Zimbabwe Stock Exchange sneeze before elections
The Zimbabwe Stock Exchange (ZSE) closed slightly lower during the last few days of official trade before the general elections set for tomorrow.After close on Thursday, the All Share Index fe...Published: 29 Jul 2018 at 09:59hrs | 1 | by Staff reporter
Mnangagwa to launch C-TRADE
Zimbabwe's capital markets are set for their most significant development in recent years as President Mnangagwa officiates at the launch of C-TRADE tomorrow. C-TRADE is an online and mobile t...Published: 03 Jul 2018 at 06:47hrs | | by Staff reporter
Students want loan conditions reviewed
Tertiary students in Mashonaland West Province are pushing Government to relax supposedly stringent conditions on applying for student loans.The students raised their concerns to Finance and E...Published: 20 Apr 2018 at 07:08hrs | 1 | by Staff reporter
Zinasu blasts 'exclusionary' loans
THE Zimbabwe National Students' Union (Zinasu) yesterday said the newly-launched Higher and Tertiary Education loan facility was exclusionary as students with parents who have no pay-cheque will not b...Published: 29 Aug 2017 at 06:17hrs | | by Staff reporter
$1 billion for student loans
All students at institutions of higher and tertiary learning who are struggling to pay fees will start getting loans from September 2017 under a US$1 billion Government facility.CBZ, ZB and NM...Published: 27 Aug 2017 at 11:04hrs | | by Staff reporter
New students grants rolled out
THE Government has rolled out an Educational Loan Facility for students in higher and tertiary education starting in August to mitigate growing problems where students are deferring or abandoning stud...Published: 30 Jul 2017 at 08:07hrs | | by Staff reporter
Govt wants ex-students to pay back fees to be used as revolving fund
GOVERNMENT wants former students who received State funding during their studies to pay back a flat fee amounting to $1,000 to be used as a revolving fund to benefit students.Addressing delega...Published: 28 Jul 2017 at 06:20hrs | | by Staff reporter
DPC increases cover limit
The Deposit Protection Corporation has increased its cover limit by 100 percent from $500 to $1 000 per depositor per member bank. According to the company the new limit is effective from June...Published: 19 Jul 2016 at 08:03hrs | | by Staff reporter
Get bucks to list on ZSE
Micro-finance institution GetBucks Zimbabwe is set to raise $3,2 million through offering shares to the public on its course to listing on the Zimbabwe Stock Exchange (ZSE) next month. The...Published: 08 Dec 2015 at 07:05hrs | | by Staff reporter
Getbucks set to list on the Zimbabwe Stock Exchange
Local micro-finance institution GetBucks Zimbabwe will soon launch an initial public offering on the Zimbabwe Stock Exchange in order to raise $3,75 million. It will be the first IPO since Ph...Published: 22 Oct 2015 at 09:04hrs | | by Staff reporter
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