OK Zimbabwe profit plunges 91 percent

June 7, 2016

OK Zimbabwe reported an 88 percent decline in operating profit at $1.3 million for the year ended 31 March 2016…

Hippo in $8.5 million loss

June 7, 2016

Hippo Valley Estates, the local unit of South African sugar processor Tongaat Hullet, reported an annual loss of $8.5 million…

MDC-T warns of civil unrest if present economic crisis continues

June 7, 2016

The Movement for Democratic Change led by Morgan Tsvangirai has warned that civil unrest could break-out in Zimbabwe because millions…

Members of Parliament to face stiff action if they lie

June 7, 2016

Members of Parliament who make unsubstantiated allegations against fellow legislators will face stiff action and might be suspended from the…

Air Zimbabwe fails to pay pilots

June 7, 2016

Zimbabwe’s struggling national airline Air Zimbabwe is experiencing an exodus of skilled personnel because of poor working conditions, an official…

MDC-T welcomes proposed blitz on corruption but………

June 6, 2016

The Movement for Democratic Change-Tsvangirai has welcomed the recent announcement to crack down on corrupt senior government and party officials…

Chinese contractor for the Beitbridge-Chirundu highway banned by World Bank for corruption

June 6, 2016

The company that won a lucrative $2 billion contract for the construction of Zimbabwe’s most important highway is under a…

IMF to assess impact of introducing bond notes in Zimbabwe

June 6, 2016

The International Monetary Fund (IMF) says it is assessing the impact of Zimbabwe’s plans to introduce local bond notes, a…

Edgars laments poor trading

June 6, 2016

Clothing retain chain Edgars Stores has reported an operating loss of $2.2 million in the first quarter to March 2016,…

CFI loss widens

June 6, 2016

Diversified agro-industrial concern CFI Holdings’ loss for the half-year to March 31 widened to $6.1 million from $3.8 million last…