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Ariston Q1 revenue 5% up on improved domestic tea sales volumes
HARARE - Agro-industrial concern, Ariston Holdings revenue for the first three months to December 2023 (Q1) grew 5% sustained by increased domestic tea sales...
Coca-Cola Zimbabwe donates $100 000 to ZRCS for covid-19 fight
Tawanda Marwizi
The Coca-Cola foundation handed over a donation of USD100 000 to the Zimbabwe Red Cross Society (ZRCS) to be used for the procurement of...
Afreximbank signs US$80m facility with CBZ Bank
The African Export-Import Bank signed a US$80 million facility with CBZ Bank in the Bahamas yesterday (June 12, 2024), to support trade financing for...
Court burns midnight oil in Mupfumira trial
Munyaradzi Doma
The much-awaited trial of former cabinet minister Prisca Mupfumira kicked off Wednesday morning with the court finally adjourning well into the night.
The trial...
Prospect Resources offloads Penhalonga Gold to North American investors
HARARE - Prospect Resources has disposed of its interest in the Penhalonga Gold project to Luzich Resources for a total consideration of US$1 million.
Last...
Mwonzora brouhaha for attending ED state function in Victoria Falls
Sydney Kawadza
Opposition leader of the MDC-T faction once again torched a storm when he joined other political leaders as President Mnangagwa officially launched the...
Econet, Old Mutual lift ZSE turnover as mini-bull run continues
HARARE - Strong turnover from Econet and Old Mutual saw ZSE transcation value rise past the psychological US$1 million mark at $27.9 million as...
Emirates and AC Milan extend storied partnership
Dubai, UAE – Emirates and AC Milan are proud to announce the extension of their iconic partnership. The landmark renewal reinforces one of football’s longest and most...
‘Time up’ ED tells MPs
President Emmerson Mnangagwa has pleaded with MPs to expedite the formulation of laws to guide the 2023 general elections saying time was running up...
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TIMB moves to address tobacco payment delays
Farai Mabeza
The Tobacco and Industry Marketing Board has expressed concern at the continued payment delays and reluctance to release farmers from their contracts by...
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NMB, POSB on the hunt for forex credit lines as USD...
Talkmore Gandiwa/Edwell Chigangaidze
HARARE – NMB Bank says it is in negotiations for US$20 million credit lines from two potential financiers, which assist it to...
Paying the bill: Africa needs to come up with innovative debt...
Rhys Balicholo
HARARE – The high levels of debt in African countries are slowing down the development of the economy where seven countries, Zimbabwe included, have...
Treasury Slashes IMTT On Local Forex Transfers
Treasury has slashed by half, the Money Transfer Tax (IMTT) on domestic foreign currency transfers from 4 percent to 2 percent in an attempt...
