The Insider

The Tsvangirai faction of the Movement for Democratic Change today said that it was worried about President Robert Mugabe’s frequent absence from Zimbabwe while the economy continues to nosedive.

(303 VIEWS)

Zimbabwe and Germany are seeking to restore political and economic relations following over a decade of frosty relations with the European Union where Europe’s economic power house is a member.

(297 VIEWS)

Botswana-listed retail group Choppies says revenue for its Zimbabwe operations grew by 250 percent to BWP395 million ($39.85 million) in the half-year ended December 2014 after an aggressive expansion that has seen its units growing to 18 from 13 since 2013.

(431 VIEWS)

The country’s largest mortgage lender, Central African Building Society (CABS), recorded a 32 percent increase in total comprehensive income to $22.6 million income for the year ended December 31 2014, driven by a 41 percent growth in deposits.

(336 VIEWS)

Listed resources group Falcon Gold could close operations because of poor commodity prices and is struggling to attract buyers for its mothballed Dalny Mine because of poor investor appetite for Zimbabwe, an official has said.

(407 VIEWS)

The government is prepared to take ‘hard’ measures to reduce its crippling wage bill, which consumes 82 percent of its total revenue and to amend labour laws to make it easier for companies to retrench, finance minister Patrick Chinamasa said at the weekend.

(379 VIEWS)

Clothing retailer Edgars Stores has recorded a 22.3 percent jump in after-tax profit to $5.1 million for the 53 weeks to January driven by the group’s extended credit repayment facility and improved products.

(431 VIEWS)

President Robert Mugabe has fired warning shots on resettled farmers who are not using their land saying they could lose their farms if they are underutilising them and only using them as status symbols.

(515 VIEWS)

Astra Industries has reported a 24 percent growth in profit after tax to $2 million for the year ended  December 31 buoyed by higher  volumes in paints division.

(387 VIEWS)

Hospitality and retail group Meikles Limited has embarked on a retrenchment exercise targeting to offload more than 100 employees countrywide, workers representatives said on Friday.

(441 VIEWS)