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CBZ: Zimbabwe's best bank in 2018



CBZ Bank has been voted as Zimbabwe's best-performing bank in 2018 by US-based Global Finance Magazine.CBZ Bank, which has an asset base of US$ 2billion and deposits worth $1,8 billion, is con...Read more

CBZ: Zimbabwe's best bank in 2018

17 March 2019 | 254 Views
CBZ Bank has been voted as Zimbabwe's best-performing bank in 2018 by US-based Global Finance Magazine.CBZ Bank, which has an asset base of US$ 2billion and deposits worth $1,8 billion, is con...

by Staff reporter

Strive Masiyiwa buys back controlling stake in Botswana's Mascom

07 March 2019 | 5028 Views
MTN Group Ltd. announced the disposal of its share in a Botswana joint venture as Africa's biggest wireless carrier by revenue kicks off a drive to raise at least 15 billion rand ($1.1 billion) from a...

by Staff reporter

$1,4bn Hwange Expansion Project begins

02 March 2019 | 1398 Views
CONSTRUCTION of the $1,4 billion Hwange Expansion Project for Unit 7 and 8 has started in earnest, with the laying of the foundation stone at Hwange Power Station yesterday.Sinohydro is undert...

by Staff Reporter

THI and Zimnat announce underwriting management agency agreement

21 February 2019 | 481 Views
THI Insurance has entered into an underwriting management agency agreement with Zimnat General Insurance that will result in THI being underwritten by Zimnat, in conjunction with Santam Agriculture, t...

by Agencies

NetOne donates to ZRP

21 February 2019 | 1756 Views
Zimbabwe's second largest mobile network provider NetOne has signed a donation agreement with the Zimbabwe Republic Police (ZRP) traffic department in a bid to decongest the capital city. The ...

by Simbarashe Sithole

Can the Zimbabwe currency situation be solved using innovative technology?

19 February 2019 | 1090 Views
Zimbabwe has been ravaged by price increases and shortages of basic commodities such as fuel. A new technology business, ZIMBOCASH, says the direct cause of these challenges is money printing. ZIMBOCA...

by Agencies

Medical Aid Societies increase payments for healthcare services

08 February 2019 | 1491 Views
The Association of Healthcare Funders of Zimbabwe has increased the fees payable by its member medical aid societies to healthcare service providers with effect from Monday (February 11).Payme...

by Agencies

Zimbabwean businessman to assemble, sell cars locally

04 February 2019 | 8351 Views
A ZIMBABWEAN professional and businessman based in the United States of America has partnered an Indian and Italian car maker to set up a car assembling plant in Kwekwe, Zimbabwe, focusing mainly on a...

by Elijah Chihota

Old Mutual Zimbabwe to develop Hwange Town Centre

03 February 2019 | 1443 Views
HWANGE Local Board has entered into an agreement with Old Mutual Zimbabwe for the development of a town centre, which will encompass the establishment of an estimated US$50 million Civic Centre, an of...

by Staff Reporter

Safeguard launches SOS app

28 January 2019 | 1522 Views
Safeguard Alarms has launched a smartphone application that its rapid response clients can use to summon assistance in any security, medical or motor vehicle emergency. The Safeguard SOS app u...

by Agencies

AirZim suspends flights

12 January 2019 | 3596 Views
National airline, Air Zimbabwe has suspended flights up to mid-month due to maintenance works being carried out on its only functioning plane. The airline, which has largely been operating onl...

by Staff Reporter

Liquid Telecom to invest $400m USD in Egyptian network infrastructure and data centres following completion of 'Cape to Cairo'

10 December 2018 | 1040 Views
Harare, Zimbabwe. December 10, 2018 - Leading pan-African telecoms group Liquid Telecom has announced that it is investing 8 billion Egyptian Pounds ($400m US Dollars) in Egypt over t...

by Mapozho Saruchera

Give your loved ones an essential grocery hamper this Christmas

06 December 2018 | 1723 Views
Over the Christmas period SmartWuhn Logistics LTD in partnership with Two Brothers LTD aim to enable people at home and in the diaspora to stock up on essential groceries in a few easy steps. The groc...

by Mandla Bhebhe

Zimnat launches customer care Chatbot Musa

05 December 2018 | 473 Views
Zimnat has launched a customer service chatbot, an automated chat that responds to customer queries and provides answers to frequently asked questions. The chatbot has been aptly named Musa. S...

by Agencies

Zimnat launches online self-service portal

05 December 2018 | 594 Views
Zimnat is once again leading the way in modernising the country's insurance industry by establishing a self-service online portal that enables customers and potential customers to obtain quotations fo...

by Agencies

Govt backs Air Zimbabwe reconstruction plan

28 November 2018 | 1468 Views
The government has backed a reconstruction plan for the national airline, Air Zimbabwe, after a creditors meeting on Thursday ruled out possibilities of liquidating the parastatal.For an airli...

by Staff Reporter

Zimbabwe is 'open for business' - Raizcorp leads the call

28 November 2018 | 1273 Views
As the Zimbabwean economy enters a new period of revival and renewal, President Emmerson Mnangagwa has gone on record to say that, if the country is to succeed in the global economy, empowering local ...

by Agencies

Zambezi Gas, Coal Mine appeals to Govt

20 November 2018 | 1303 Views
Zambezi Gas and Coal Mine has implored Government to expeditiously resolve a dispute in which it is accusing Makomo Resources of encroaching into 11 200 hectares of its Hwange-based concession....

by Staff reporter

Government in bid to recapitalise Olivine Industries

03 November 2018 | 346 Views
The government is considering selling part of its stake in Olivine Industries to an external investor to raise foreign currency towards recapitalising operations.The tour of the cooking oil ma...

by Staff Reporter

Zuva Service Stations lose trading licence

30 October 2018 | 21257 Views
The government today revoked service stations licence for Zuma Petroleum accusing the company of overcharging customers.In a Press Briefing to the Media after today's Cabinet meeting, Minister...

by Mandla Ndlovu

Mastercard reinforces commitment to drive Digital Transformation Agenda in Zimbabwe

22 October 2018 | 2842 Views
Harare, Zimbabwe, 22 October 2018 - Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard's strong support for the country's drive to create a new wave of digital pay...

by Agencies

Security companies accused of stealing

21 October 2018 | 703 Views
An organisation representing security guards has accused security companies of stealing workers' dues.Zimbabwe Network for Social Justice (ZimJustice) said companies were swindling workers due...

by Stephen Jakes

First Mutual engaging Finance Minister for allocation of foreign currency

12 October 2018 | 1167 Views
First Mutual Health Care has said it is engaging Finance minister Mthuli Ncube for the allocation of foreign currency  to healthcare service providers for drugs and consumables.This the o...

by Stephen Jakes

British Airways no longer accepting RTGS payments, only accepting credit cards

09 October 2018 | 2415 Views
British Airways has temporarily limited the distribution of ticketing authority meaning that the airline has stopped accepting real-time gross settlement (RTGS) transfers for the purchase of tickets. ...

by Sithabile Mafu

Acute foreign currency shortage erodes RioZim earnings

02 October 2018 | 296 Views
RESOURCES group RioZim Limited's profit after tax dropped by 86% to $406 000 in the six months to June 30, from $2,9 million last year, despite higher gold production after the central bank failed to ...

by Staff Reporter

Ingwebu looks to go national

30 September 2018 | 762 Views
BULAWAYO brewer, Ingwebu Breweries is seeking to expand beyond the southern parts of the country while it also fortifies its present markets as part of a survival and growth strategy meant to pluck th...

by Staff reporter

RioZim gold output up 18%

28 September 2018 | 482 Views
RioZim posted a revenue growth of 17 per cent in the six months to June owing to increased gold production from Dalny, Cam and Motor and Renco Mines supported by firm gold prices.The group's d...

by Views Matopo

Accessing alarm system remotely enhances home or office security

25 September 2018 | 719 Views
It is now possible to use a smart phone to activate and control one's security alarm system from anywhere, provided the phone has an internet connection, utilising Safeguard's Smart Home system....

by Agencies

Giant stationery Manufacturer Re-Opens But...

20 September 2018 | 2253 Views
The giant stationary manufacturer Marvo is set to re open next week on Monday.Workers who were stopped working some time ago said they were told that the company is re-opening."The ove...

by Stephen Jakes

Telecel gives away over $30 000 worth of cash prizes

17 September 2018 | 1225 Views
Mobile Operator Telecel Zimbabwe gave away over $30 000 worth of cash prizes for the ongoing Cash Galore promotion, Check and Win promotion as well as the just ended Footie Trivia challenge.Th...

by Agencies

Old Mutual opens eighth one-stop-shop branch in Chinhoyi

17 September 2018 | 1372 Views
Chinhoyi, Zimbabwe - One of Zimbabwe's largest financial service companies, Old Mutual, today opened their eighth one-stop-shop branch in Chinhoyi to offer clients their main financial and banking ser...

by Agencies

Air Zimbabwe sued over debt

15 September 2018 | 536 Views
SAFEGUARD Security Services (Pvt) Ltd, has petitioned the High Court seeking an order to compel Air Zimbabwe to settle a $47 164 debt for security services rendered at the Robert Gabriel Mugabe Intern...

by Staff Reporter

Zimnat launches innovative billboard campaign

13 September 2018 | 1135 Views
Zimnat has launched an innovative advertising campaign to let people know some of the ways in which it can make their life better, through the customer friendly insurance and finance services it offer...

by Agencies

Safeguard introduces attractive steel sectional garage doors

10 September 2018 | 988 Views
Safeguard Security has introduced to the Zimbabwean market steel fluted sectional garage doors, which are not only secure but aesthetically pleasing to look at. The doors, which can meet any s...

by Agencies

ZBC makes new appointments

04 September 2018 | 3716 Views
The Zimbabwe Broadcasting Corporation (ZBC) has made new appointments as follows:...

by Staff Reporter

Water woes stall Steel Makers' re-opening

04 September 2018 | 352 Views
THE prevailing water shortage in Masvingo has stalled the re-opening of Steel Makers Sponge Iron plant. Masvingo city has been battling a serious water shortage following the breakdown of two pumps at...

by Staff reporter

Stanbic calls for economic reforms

03 September 2018 | 789 Views
STANBIC Bank (Stanbic) has called for currency reforms and measures to support industrial growth, foreign currency generation and price stability in order to put an end to "turbulence in the operating...

by Staff reporter

NRZ defends Transnet deal

27 August 2018 | 2236 Views
National Railways of Zimbabwe (NRZ) has allayed fears that it might have entered into a questionable deal with Transnet, following the issuing of suspension notices to three top officials who were all...

by Staff Report

Baker's Inn to sink $20million into bread production

26 August 2018 | 1422 Views
CONFECTIONERY giant, Baker's Inn, will invest over $20 million towards putting up additional plants at its Bulawayo and Harare factories next year as it seeks to further ramp up production to meet the...

by Staff Reporter

Telecel launches new weekly data bundles

24 August 2018 | 1509 Views
Mobile Network Operator Telecel Zimbabwe, which is reputed for leading the market in giving subscribers best value for money has done it again and announced the launch of another exciting data offerin...

by Agencies

Old Mutual investment returns on listed equities down

23 August 2018 | 312 Views
Old Mutual Zimbabwe (Old Mutual) has reported that profit after tax tumbled 40% to $53,9 million in the first half of 2018 from $89,3 million in the comparable period last year mainly due to a decline...

by Staff reporter

Old Mutual half year operating profit up 27%

21 August 2018 | 384 Views
Old Mutual Zimbabwe's Group CEO has announced, during the company's half-year analyst briefing, an operating profit of $34.3 million representing  growth of 27% for the first half of 2018....

by Agencies

Old Mutual repositions its brand and readies for growth

21 August 2018 | 419 Views
Following its primary listing on the Johannesburg Stock Exchange (JSE), and secondary relisting on the Zimbabwe Stock Exchange in June 2018, Old Mutual has unveiled a vibrant new brand identity, to re...

by Agencies

Simbisa to expand Nando's footprint countrywide

21 August 2018 | 609 Views
Simbisa Brands, a Zimbabwe Stock Exchange-isted (ZSE) fast foods operator, is on drive to expand the footprint of the Nando's brand to meet growing demand for its services.Simbisa Brands chief...

by Staff reporter

Moti Group, ZMM deal to boost chrome output

19 August 2018 | 670 Views
Chrome output by small-scale producers is projected to hit one million tonnes, a triple jump from 200 000 tonnes at present, under a funding deal with South Africa's Moti Group, which operates African...

by Staff reporter

Steward Bank launches revolutionary app called Square World

15 August 2018 | 3340 Views
Steward Bank Zimbabwe has launched a Housing Development Scheme and Mobile Banking Application targeted at Zimbabweans living abroad.The mortgage facility will be available at zero deposit, on...

by Agencies

UBM shuts down after 50 years

15 August 2018 | 3889 Views
United Builders Merchants (UBM) has shut down after operating in Zimbabwe for the past 50 years.According to employees who spoke to the Daily News on condition of anonymity, UBM management ann...

by Staff reporter

Ship goods to Zimbabwe from UK for less

10 August 2018 | 3689 Views
SmartWuhn Logistics is pleased to be able to offer a door to door delivery service from the UK to cities and major towns in Zimbabwe.We ship cars, cars parts, household items, e.t.cOur...

by SmartWuhn Logistics

NMB promotes growth of SMEs

09 August 2018 | 842 Views
NMB Bank has urged small to medium sized businesses to take advantage of the advisory and financial services its Small to Medium Enterprises (SME) Banking Unit offers them to help grow their enterpris...

by Agencies

Ziscosteel resuscitation begins

31 July 2018 | 1518 Views
The resuscitation of the giant steel company, Ziscosteel, has taken a giant leap forward following the ground breaking ceremony of a coke plant at the steel giant by Industry, Commerce and Enterprise ...

by Staff Reporter
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