News

The National Social Security Authority (NSSA) has appointed Henry Chikova as the acting General Manager of NSSA,  replacing Hashmon Matemera who is facing allegations of externalising $330 million when he…

The People’s Own Savings Bank (POSB) today paid a $2 million dividend to its sole shareholder, the government, after recording a five-fold jump in net profit to $7.6 million for…

Acting National Social Security Authority general manager Hashmon Matemera has been charged with conniving with officials from Jinan Mining to externalise more than $330 million when he was managing director…

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says it will re-commission a new 30 megawatt turbine at the Harare Thermal Power Station, as the company seek to ensure stable…

Bulawayo mayor Martin Moyo is set to visit China this month in a bid to woo investors from that country to revive the city’s ailing manufacturing sector, council minutes have…

Zimbabwe’s Reserve Bank today abandoned plans to automatically convert export proceeds into the Rand and Euro currencies, the second tweak within a week of a major policy intervention, as it…

Packaging group Nampak Zimbabwe reported a four percent rise in revenue to $47.5 million in the six months to March compared to $45.7 million last year on strong demand from…

The shadow cabinet of the Movement for Democratic Change led by Morgan Tsvangirai today agreed to summon its national executive on Thursday to decide what action to take in connection…

Zimbabwe is negotiating with the Preferential Trade Area (PTA) Bank and the Development Bank of Belarus for funding to capitalise the recently established Zimbabwe Consolidated Diamond Company (ZCDC), central bank…

Zimbabwe’s Central Bank has moved to clarify its plans to introduce domestic notes to circulate alongside foreign currencies, after fears that it sought to re-introduce a loathed local currency triggered a…