News

The Zimbabwe government has completed the acquisition of Global Telecom Holdings’ (GTH) entire shareholding in Telecel International for $40 million. The deal, which has dragged on since 2014 when Vimpelcom,…

Axia Corporation says net profit for its first quarter as a standalone company  is flat on same level as last year while overall group revenue increased 12 percent. Axia, the…

Zimbabwe seed producer SeedCo’s loss widened by 66 percent to $9.3 million from $5.6 million due to inventory write-offs and exchange losses in the six months to September 30. Revenue…

The Zimbabwe Stock Exchange today recorded turnover of $2.5 million, the highest this month, on the back of gains in heavyweights Delta and Econet. The two counters recorded a combined…

Shamva South Member of Parliament Joseph Mapiki says people being resettled on acquired land must not be given title deeds because this could lead to recolonisation when they fail to…

Movement for Democratic Change leader Morgan Tsvangirai today urged President Robert Mugabe to take advantage of Thursday’s State of the Nation Address (SONA) to announce his retirement as this would…

The Reserve Bank of Zimbabwe (RBZ) says it has fined the state-owned People’s Own Savings Bank (POSB) $500 000 — the equivalent of 6 percent of its 2015 net profit…

Back in May, Reserve Bank of Zimbabwe  (RBZ) governor John Mangudya announced plans to introduce bond notes as a measure to ease an acute banknote shortage.  The  RBZ’s handling of…

Zimbabwe introduced its new currency today to mixed market reaction — broad acceptance by major retailers, informal traders and public transport operators — but without the crucial buy-in of fuel…

Bindura Nickel Corporation (BNC) today reported a profit after tax  of $1.2 million in the six months to September from a loss position of $3.4 million last year, driven by…