News

Mutare Bottling Company (MBC) says its revenue declined by 20 percent while sales volumes slumped by 17 percent in the period between 2014 and 2016, as cheap imports from Mozambique…

Struggling miner, Falcon Gold says its net loss for the six months to March has grown $2.42 million, from $351 186 recorded in the comparable period last year after a…

Zimbabwe’s trade deficit stood at $1.01 billion in the first five months of the year, a slight improvement from $1.12 billion last year, according to the latest data from the…

War veterans leader Christopher Mutsvangwa has defied all odds by retaining his post despite being fired from both the government and the ruling party, clearly demonstrating that there are more…

Six private investors, including SMH Rail Malaysia and South Africa’s Transnet today submitted bid documents for a $400 million tender to recapitalize Zimbabwe’s struggling rail company. National Railways of Zimbabwe…

The Zimbabwe industrial index advanced 35.6 percent in the six months to June, as investors sought to escape poor returns on the money market and the possible impact of the…

Revenue for Zimbabwe’s mobile operators fell by 9.7 percent from $199.2 million to $179.8 million in the quarter to March, as voice income plummeted and operating costs spiked, the regulator…

President Robert Mugabe today donated $1 million to the African Union Foundation in a “humble gesture” which he said he hoped would steer the AU towards financial independence. Currently 61.7…

The Movement for Democratic Change led by Morgan Tsvangirai today said it is alarmed by President Robert Mugabe’s call to take over the remaining farms occupied by white farmers yet…

National Social Security Authority profit increased by 230 percent to $105.9 million for the full year to December 31, 2016, on the back of less write downs and improved contributions.…