Culture & Society
Man axes sekuru to death and buries corpse in shallow grave after he advised him to advance his education
Investments News
The latest Zimbabwe news, from NewsDay, Herald, Chronicle and more. 58 stories
Speculation fuels equities rallySpeculation and a mad rush to preserve value has pushed up the value of equities as investors and fund managers scramble to hedge value amid heightened inflation fears and currency devaluation. Most c...OnlineInvestments8 September 2017
Govt secures $1bn for Zisco revivalGovernment has secured $1 billion investment for the revival of steel giant, the Zimbabwe Iron and Steel Company (Ziscosteel), from a Chinese company in a deal that will result in one million tonnes o...HeraldInvestments29 August 2017
Young entrepreneurs struggle due to lack of fundsTHE International Youth Foundation (IYF) says that most young entrepreneurs in the country were struggling, due to a lack of knowledge and has helped facilitate 5 000 loans in the past 18 months. Amid...NewsDayInvestments21 August 2017- Liberalise Ethanol Production — Energy CouncilThe Zimbabwe Energy Council (Zec) says government must allow other ethanol producers to participate in ethanol blending to allow for increased investor participation in the sector. Currently, Green Fu...FingazInvestments19 August 2017
Gideon Gono acquires Heritage schoolFORMER Reserve Bank of Zimbabwe (RBZ) governor and businessman Gideon Gono has acquired a majority shareholding in The Heritage School (THS), one of the country’s leading private schools. The elite in...FingazInvestments10 August 2017
Diaspora Ready to Pour Billions: VP MnangagwaZimbabweans based in the diaspora are expected inject over $1 billion in a number of strategic projects in the country, Acting President Emmerson Mnangagwa has said. In an interview during his tour of...ChronicleInvestments7 August 2017
Bakers Inn to open $2m plant in BulawayoHARARE - Simbisa Brands’ bakery unit, Bakers Inn, says it has invested about $2 million in a new factory in the country’s second largest city — Bulawayo — as it moves to drive its 450 000 loaves per d...DailyNewsInvestments27 July 2017
Tax break for Bulawayo investorsTHE Bulawayo City Council has resolved to exempt industries and investors operating under the recently approved Special Economic Zone (SEZs) from paying rates for up to five years to stimulate develop...ChronicleInvestments24 July 2017- Diasporans Keen to Invest Back HomeZimbabweans in the diaspora are optimistic that the country’s economy is geared for recovery with many of them willing to invest in infrastructure development projects, an official has said. The count...ChronicleInvestments3 July 2017
Zim urged to tap into Comesa marketTrade between the 19-member Common Market for Eastern and Southern Africa (Comesa) has reached $15 billion, a mere 2,2% of the regional bloc’s total GDP of over $718 billion.Speaking at a workshop on....NewsDayInvestments29 June 2017
Zimra shuts down Chinese firmTHE Zimbabwe Revenue Authority (Zimra) has shut down a Chinese blanket manufacturing firm, Veleez, for circumventing their duty and tax obligations. Chinese firms are reportedly dodging Zimra in payin...NewsDayInvestments16 June 2017
Windfall for Barclays WorkersThe Zimbabwe Banks and Allied Workers Union (Zibawu) has thrown its weight behind the acquisition of Barclays Bank Zimbabwe by a Malawian investor — First Merchant Bank (FMB) — after the new sharehold...TheStandardInvestments11 June 2017
Baker's Inn to Ramp up Bread ProductionLeading bakery, Baker’s Inn, will ramp up its bread production at its Bulawayo factory by about 85 percent following the installation of an additional $5 million plant as it moves to satisfy its marke...OnlineInvestments11 June 2017
CSC Employees Stall DealThe proposed deal to restart the Cold Storage Commission (CSC) through forging an agreement between creditors and the company is now stuck in a rut after former workers of the parastatal lodged their....OnlineInvestments11 June 2017
Zhuwao defends Youth Fund defaultersYouth Development, Indigenisation and Economic Empowerment Minister Patrick Zhuwao has defended youths accused of unprocedurally receiving loans from the Youth Fund launched by Government to help yout...HeraldInvestments19 May 2017
Treasury yet to release $10m for Zambezi water projectTREASURY has not yet released the $10 million budgeted to kick-start the initial construction phase of the Gwayi-Shangani Dam, a major component of the long-awaited Matabeleland Zambezi Water Project....NewsDayInvestments18 May 2017
Govt dithers on ease of doing business lawsGOVERNMENT is yet to amend 22 pieces of legislations in line with efforts to address the ease of doing export business in Zimbabwe under the Rapid Results Approach initiative. The rapid result initiat...NewsDayInvestments18 May 2017
Standard Bank finalises $120m for Zim power projectsPan-African bank Standard Bank has finalised a $120 million debt package with Zimbabwe Power Company (ZPC), for the rehabilitation of existing power infrastructure at Kariba and Hwange. ZPC generates....NewsDayInvestments16 May 2017
De-listings threaten domestic bourseBy Paul Nyakazeya, Online Editor Five companies are on the verge of delisting. THE Zimbabwe Stock Exchange (ZSE) could experience a series of de-listings this year due to a worsening operating environ...FingazInvestments14 April 2017
Barclays deal gathers momentumMALAWI-BASED First Merchant Bank is conducting due diligence on Barclays Bank Zimbabwe to ensure the affairs of the local financial institution are in order before a US$60 million purchase deal can be...OnlineInvestments14 April 2017
ZITF laments low foreign participationOnly seven percent of exhibitors booked for this year’s edition of the Zimbabwe International Trade Fair (ZITF) are foreign, organisers said, indicating continuing disregard of the country’s investmen...TheSourceInvestments12 April 2017
Fastjet increases flights, as foreign airlines pulloutFastjet has increased the number of flights on its route between Harare and Victoria Falls in response to strong passenger demand. The airline, which previously operated three weekly flights on the ro...HeraldInvestments11 April 2017
12 million dollar Bulawayo mall on the cardsSai Enterprises has invested 12 million dollars towards a state of the art shopping mall in Bulawayo's high density suburb of Cowdray Park. The groundbreaking ceremony on Sunday, 09 April 2017 marked....HeraldInvestments10 April 2017
Willowvale Motor Industries Reopens After 5 Years of GloomWillowvale Motor Industries (WMI), which had been shut for the last five years, officially resumed operations yesterday following a joint venture with a Chinese firm to assemble locally a new range of...HeraldInvestments28 March 2017