Zimbabwe country risk ‘exaggerated’

June 3, 2016

Zimbabwe’s perceived country risk for foreign investors is exaggerated after success of junior miner, Caledonia Mining which has operated in…

Ecocash to be hit by cash crisis

June 3, 2016

Econet Wireless has said it sees a decline in volumes on its mobile money transfer service, EcoCash, due to the…

ZESA surpasses first quarter power target

June 3, 2016

Zimbabwe Power Company (ZPC), a unit of power utility ZESA Holdings, said yesterday it produced 1.751 gigawatt hours, exceeding its…

Kasukuwere orders struggling Bulawayo to pay for government probe into property deal

June 2, 2016

Cash-strapped Bulawayo City Council (BCC) was forced to fund the cost of a government investigation into alleged mishandling of a…

Steward Bank reports first ever profit

June 2, 2016

Steward Bank, a subsidiary of Econet Wireless, yesterday reported its first ever full-year net return, declaring a $5.4 million profit…

RTG closes Beitbridge hotel because of poor business

June 2, 2016

The Rainbow Tourism Group (RTG) has closed its Rainbow Beitbridge Hotel, after the operation failed to make money for the…

PPC planning to raise $253 million for Zimbabwe unit

June 1, 2016

The local unit of South African cement maker Pretoria Portland Cement (PPC) is planning to raise up to R4 billion…

Zimbabwe lobbies for regional support ahead of CITES conference

June 1, 2016

Zimbabwe will lobby African countries to support its call to allow for the trade in elephant ivory ahead of this…

Econet profit down 42 percent

June 1, 2016

Zimbabwe’s largest telecommunication company, Econet Wireless, today reported a 42 percent fall in annual profit to $40 million, citing a…

UK says bond notes could be damaging to confidence in Zimbabwe economy

June 1, 2016

Britain has added its voice to those who are sceptical about the introduction of bond notes to ease the cash…