Stories

Air Zimbabwe narrowed its full year losses by 42 percent to $15 million in 2016 from $26 million the previous year as a result of cost cutting, the state-owned airline’s…

Spirits and wines maker, African Distillers recorded a 10 percent increase in after tax profit to $1.8 million in the half year ended 31 December 2016 from $1.6 million last…

Econet Zimbabwe which opened its rights offer today to raise $130 million to pay its external debt says it went for that option because of the critical shortage of foreign…

Nampak Zimbabwe says the group remains profitable despite turnover in the first quarter to December 2016 being 11 percent behind on prior year. According to the results of an annual…

Cable manufacturer, CAFCA Limited says margins in the four months to January 2017 are two percent below the prior year as a result of pressure from cheaper imports. Group managing…

President Robert Mugabe, who turns 93 on Tuesday, has brushed off the proposed coalition by Zimbabwe’s opposition parties saying it will not be a threat at all as it will…

A $202 million solar project that was to be set up in the Matabeleland South capital, Gwanda, has been abandoned three months after it started though the contractor was paid…

The furore over the $130 million Econet Wireless Zimbabwe rights offer is over. Shareholders approved the contentious rights issue on 3 February by 74 percent with only 16.5 percent against…

Zimbabwe Stock Exchange (ZSE) listed Powerspeed Electrical says its partnership with Swiss-based Meeco Group to set to solar power plants around the country has stalled because of improved electricity supplies…

First Lady Grace Mugabe yesterday blasted Zimbabwe People First leader Joice Mujuru accusing her of being incompetent, corrupt and sleeping around with men in her party  but she said the…