Tetrad judicial manager challenges shareholder bid to kick him out

May 22, 2015

The provisional judicial manager of the troubled Tetrad Investment Bank (TIB) has opposed a court bid by the holding company’s…

Zimbabwe’s Innscor goes back to Nigeria

May 22, 2015

Zimbabwe’s largest company by revenue, Innscor Africa limited has announced plans to re-enter the Nigerian market and expand its logistics…

Zimbabwe’s literacy rate questioned

May 22, 2015

Zimbabwe’s literacy rate, often said to be the highest in Africa, has been questioned. Africa Check which is based at…

ZANU-PF purge continues as seven more are expelled

May 22, 2015

Seven senior members of the Zimbabwe African National Union-Patriotic Front, all believed to be loyal to ousted former Vice-President Joice…

Telecel Zimbabwe refuses to appear before Parliament’s indigenisation committee

May 22, 2015

Telecel Zimbabwe, which is currently embroiled in a legal battle with government over its licencing and compliance with the indigenisation…

RioZim gets go ahead to raise $10m to revive its operations

May 21, 2015

Resources group, RioZim’s bid to raise $10 million through a rights offer got a shot in the arm after it…

Econet records a 41 percent drop in profit

May 21, 2015

Econet Wireless Zimbabwe Limited, the country’s biggest telecommunications firm, yesterday reported a 41 percent decline in after-tax profit for the…

How desperate Zimbabweans are for jobs

May 21, 2015

Zimbabweans are so desperate for jobs that when Parliament advertised for the post of Clerk of Parliament in February, almost…

China’s richest man loses $15 billion in one hour

May 21, 2015

China’s richest man Li Hejun lost $15 billion in just one hour yesterday when the stock for this solar panel…

Cold Storage Company losing $6 million a year for a decade

May 21, 2015

State-owned meat processor Cold Storage Company (CSC) is making a loss of $6 million every year, stretching over the past…