16.7 C
Harare
Saturday, November 28, 2020
The Capital’s water system was first designed to serve a population of 350 000 — one-twelfth the capital’s current population.  Harare – Cabinet on Tuesday reported that water production in the City of Harare, currently stands at the rate of 200 megalitres...
The Group posted a loss of ZW$135 billionOperations were significantly impacted by the power disruptionsRevenue increased by 31% Harare – Econet Wireless Zimbabwe Limited (EWZ) recorded a staggering exchange losses amounting to ZW$6.1 billion during the year ended 29 February 2020 stemming...
Harare – Bulawayo based personal care and agro-commodities manufacturer, United Refineries Limited (URL) has closed operations due to acute water shortages in the country’s second largest city. The company manufactures Roil Cooking Oil, Sunshine Cooking Oil, Image Family Bath Soap, Vogue Beauty Soap,...
In 2018, RioZim sued RBZ over the issueThe Group’s gold production contracted by 9% in Q3 2020Decline in production exacerbated by ageing equipment at Group’s mines Harare – The delays on the payment of RioZim’s gold receipts by the Reserve Bank of Zimbabwe...
Zimbabwe is reportedly losing US$100m worth of gold each month through side marketingGold deliveries to FPR for the current year are lagging behind 2019ZMF released a statement saying they believe in Rushwaya’s innocence Harare – Zimbabwe Miners Federation ZMF) president, Henrieta Rushwaya was...
The Victoria Falls Stock Exchange (VFEX) is set to go live in a few days but today the much-touted Exchange is launching. The launch comes a few days after the newly branded bourse announced a set of players that had been approved to participate on the...
• Amendment of Mines and Minerals Act to be prioritised• Reopening of closed and new mines critical• Sector is projected to grow by 7.7% in 2021 Harare - As the country is working towards a US$12 billion mining industry by 2023, government said...
17 stockbrokers approved for VFEX tradingVFEX commences branding with a new logoTrading set to resume before end of October Harare – The Victoria Falls Stock Exchange (VFEX) has released a list of approved market participants ahead of the bourse’s official opening.
"Whilst this Facility is necessary to enhance productivity, it needs to be continuously reviewed to manage the risk of increasing reserve money in the economy" Harare – The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) has approved additional...
The deal with Access Bank is on course and has already received regulatory approval“Access Bank Mozambique will become the 7th largest bank in the country from 20th”Equity Bank was the first to attempt acquisition of BancABC operations Atlas Mara – listed on the...