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Tinashe Makichi Business Reporter Zimbabwe’s automated trading platform failed to take off as anticipated last Friday due to technical glitches that affected the central securities depository, sources close to the exchange said.
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Happiness Zengeni recently in JOHANNESBURG Huawei last week unveiled its latest smartphone which the group touts as the most user friendly smartphone for consumers globally. At the event in Johannesburg last Thursday general manager of Huawei Consumer Business Group SA Ms Charlene Munilall said the P8 is a game changer and signals China’s
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Business Reporter Meikles Limited is considering restructuring some of its subsidiaries in the near future as the group considers exploring more local and regional opportunities. This came after the company was invited by the Government of the Democratic Republic of Congo to discuss possible future investments in agriculture, hospitality and retail.
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Jeffrey Gogo Climate Story FIFTEEN years ago, the United Nations laid out a series of goals it aimed to achieve by this year. That was an ambitious project, but one worth the risk, even when the odds were staked heavily against the reality of those goals being attained at all within the prescribed time-
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Golden Sibanda Senior Business Reporter The Zimbabwe Stock Exchange saw a 32 percent dip in trading in the first six months of the year, as most heavyweight stocks registered declines in volumes of trading.
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The National Indigenisation and Economic Empowerment Fund (NIEEF) meant to assist locals to purchase shares in multinational firms has not yet been capitalised, Parliament heard on Thursday.
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The Zimbabwe Revenue Authority (Zimra) has recommended Government to reduce taxes for retailers as the influx of illegal vendors in cities and towns is threatening their survival.
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Tinashe Makichi Motoring Zimbabwe’s vehicle assembler, Quest Motors is fast becoming a force to reckon with in the local vehicle industry evidenced by the vehicle brands that it has been channelling into the local market since 2012.
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Business Reporter Zimbabwe’s exports of fresh leguminous vegetables (peas and beans) to the European Union rose by 269 percent in the last five years, signalling the recovery of the local horticultural industry.
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Martin Kadzere Senior Business Reporter THE Deposit Protection Corporation Zimbabwe has taken over the provisional judicial management of Tetrad Investment Bank, following the resignation of Mr Winsley Militala, a step towards potential liquidation of the bank.
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Medtech directors have been asked to expedite the release of the company’s half-year results, possibly around the July 31 region, and to include a comprehensive plan on how the company will be revived.
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Golden Sibanda Senior Business Reporter— Zimbabwe received $1 billion investment applications last year, with over half the value translated into real investment, the Zimbabwe Investment Authority said. The investment projects proposals for last year reflect a 60 percent growth on the previous year when $400 million applications were submitted with a similar value realised. But the country’s premier
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Business Reporter Zimbabwe Stock Exchange-listed company National Foods is set to expand its product portfolio through the acquisition of a significant stake in a dairy and juice company. Natfoods is set to acquire a 50 percent stake in Pangolin Products, a company formed by Probrands directors. Three Probrands directors – Mr Neil Philp, Mr Calum Philp and […]
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Business Reporter THE launch of a Free Trade Agreement by three African economic blocs in Egypt recently was indeed an important step towards a potentially game-changing common market spanning the entire African continent. Already under implementation, the deal between the East African Community, Southern African Development Community and the Common
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Walter Muchinguri Assistant Business Editor Educationist and business consultant Dr Themba Nyoni has been fired as the Civil Aviation Authority of Zimbabwe board chairperson barely a year after his appointment. Dr Nyoni was appointed to the CAAZ board together with seasoned civil servant Mrs Pamela Maringire, Retired Group Captain with the Air Force of Zimbabwe Mr Pax […]