News

Movement for Democratic Change deputy leader Nelson Chamisa yesterday told Parliament that the appointment of  Luke Malaba as Chief Justice was a victory for constitutionalism because President Robert Mugabe had…

African Sun Limited yesterday reported a $4.81 million profit, bouncing back from a loss of $8.56 million in the prior year despite a 12 percent decline in revenue to $43.6…

Econet boss Strive Masiyiwa was yesterday reported to have pumped$100 million into his Zimbabwean operation after a $130 million rights offer only got 25 percent support from investors. The offer,…

Zimbabwe’s largest milk processor, Dairibord made an operating loss of $3.99 million from a $3.97 million operating profit recorded in the previous year on the back of high overhead costs,…

Econet Wireless Zimbabwe’s $130 million rights issue was undersubscribed by over 75 percent, mirroring the depth of the country’s liquidity crunch, with the underwriter pumping in $100 million. Econet Wireless…

The United Nations today said it had raised $403 million from donors for Zimbabwe in 2016, surpassing its money mobilisation target for 2016 by $77 million. The global agency raised…

State-run pension fund, the National Social Security Authority (NSSA), says it is investing $18 million to revive struggling Cold Storage Company (CSC), with the deal expected to begin this year.…

The proposed Corporate Governance Bill for Public Enterprises will bar the president and government ministers from appointing management of State enterprises, leaving this to members of the board, Finance Minister…

The Zimbabwe International Trade Fair Company (ZITF) yesterday set out an ambitious plan to build a 300-bed hotel and convention centre at its Bulawayo grounds over three years. Chairperson Ruth…

The Zimbabwe African National Union-Patriotic Front Women’s League yesterday fired deputy secretary Eunice Sandi-Moyo and finance secretary Sarah Mahoka in what many believe is  the first step by the First…