News

The United States government yesterday removed two State-owned banks, the Agricultural Development Bank of Zimbabwe (Agribank) and the Infrastructure Development Bank of Zimbabwe (IDBZ), from its sanctions list. The two…

Hospitality group African Sun has closed its Holiday Inn Beitbridge Express Hotel citing prolonged loss-making by the facility, the company said yesterday. Company secretary Venon Musimbe said over the last…

Zimbabwe and the World Bank have stepped up efforts to hammer out a financing programme, which could see the southern African country accessing funding from the institution should a debt…

Zuva Petroleum says it is already reaping the benefits of its rebranding exercise, with volumes up 10 percent as its new identity resonate better with customers. The fuel distributor felt…

Agriculture Deputy Minister Paddy Zhanda has urged farmers to destock after 7 000 cattle died in the south of Zimbabwe in the severest drought to hit the nation since 1992.…

Troubled Cotton Company of Zimbabwe (Cottco)’s revenue for the six months to September plummetted 87 percent to $2,3 million after delays to the start of the buying season and warned…

Agro-Industrial concern TSL reported a 16 percent decline in profit after tax to $4.1 million in the full year to September on poor performance of its tobacco-focused business. TSL is…

Mimosa Mine’s output declined by four percent to 58 019 ounces in the three months to December compared to the year before but the miner drove down costs to counter weak…

The Movement for Democratic Change has called on the government to declare a state of emergency to mobilise resources to feed about three million people that are likely to face…

Agro-industrial concern CFI Holdings was yesterday temporarily suspended from the Zimbabwe Stock Exchange to allow for the publication of audited financial statements for last year and investigations into trading done…