CFI places struggling subsidiaries under judicial management

August 10, 2016

Agro-industrial group CFI Holdings has placed its subsidiaries, Victoria Foods and Crest Poultry Group, under judicial management after accumulating debts…

Zimbabwe phone companies revenue down 11 percent

August 10, 2016

Zimbabwe’s telecoms regulator says the sector’s revenue declined by 11 percent to $237.7 million in the first quarter of 2016.…

Mugabe says protests don’t pay

August 9, 2016

President Robert Mugabe who has been under siege from protesters calling on his to step down over the past six…

NMB Bank to benefit from foreign shareholders planned investments

August 9, 2016

Zimbabwe’s NMB Bank says it expects to benefit from the planned consolidation of African investments by its major shareholders, Netherlands…

Zimbabwe’s biggest commercial bank paints gloomy outlook

August 8, 2016

CBZ Holdings has reported a 13 percent decline in profit after tax to $11.9 million in the six months to…

Leaders of Zimbabwe’s war veterans boycott Mugabe speech

August 8, 2016

Leaders of Zimbabwe’s war veterans today boycotted the speech by President Robert Mugabe to honour fighters of the country's independence…

Zimbabwe Defence Forces chief breathes fire

August 7, 2016

Zimbabwe’s Defence Forces Chief General Constantine Chiwenga has warned those fomenting trouble that the security services will not tolerate any…

CIO masterminding poaching in Zimbabwe

August 7, 2016

On 24 November, two police sergeants – Robert Shumba and Vengai Mazhara – headed to a homestead near Chipinge Safari…

Reserve Bank of Zimbabwe says it now has capacity to cut and polish diamonds

August 6, 2016

Aurex Diamonds, a subsidiary of the Reserve Bank of Zimbabwe says it now has the capacity to cut and polish…

Zimplats profit falls 65 percent to $26 million

August 6, 2016

Zimplats has posted a profit of $25.6 million in the second quarter to June, 65 percent down of the same…