News

By barring Kwese TV, the Zimbabwe government has shown a trademark tendency: for political reasons, it will jealously hold on to a business it does not know how to run.…

Financial services group, Old Mutual Zimbabwe yesterday commissioned a $5.7 million mini hydro power plant in Chipinge district, southeast of Zimbabwe. The 1.6MW plant has capacity to meet a third…

First Mutual Holdings Limited (FMHL) is seeking shareholder approval to raise $17.25 million through a rights issue to finance the acquisition of a 80.92 stake in Zimbabwe’s largest short-term insurer…

The leaders of the two factions of the Movement for Democratic Change Morgan Tsvangirai and Arthur Mutambara were ready to reunite the two factions as early as November 2006 but…

Barclays Bank Zimbabwe reported a 191 percent increase in net income to $9.5 million in the half-year to June from $3.3 million reported in the comparable period last year on…

Zimbabwe’s state owned bank POSB reported an 8 percent decline in after-tax profit to $3.83 million in the six months to June from $4.17 million in the comparable period last…

It must be a sore point for Zimbabwean President Robert Mugabe and his wife Grace that the couple’s two sons show none of the veteran leader’s political instincts. The recent…

Spirit and winemaker, African Distillers’ after tax profit more than doubled from $1.11 million last year to $2.76 million in the six months to June, driven by a 13 percent…

Zimre Property Investments has reported a 7 percent decline in revenue to $2.76 million in the six month period to June, weighed down by a 14 percent fall in rental…

Singer-businessman Energy Mutodi was yesterday granted $100 bail and was asked to report to police every Friday. Mutodi was arrested on 10 August over a Facebook article entitled:  “Why choosing…