Zimbabwe
Zimbabwe revenue authority impounds smuggled vehicles
HARARE: The Zimbabwe Revenue Authority (Zimra) has impounded hundreds of vehicles in a blitz to flush out cars that have...
Annual rate of inflation drop 0.18 % points on Sep
HARARE: The annual rate of inflation shed 0,18 percentage points on the September figure to minus 3,29 percent in October,...
Banking sector deposits increase by 7.5% in 9 months to Sep
HARARE: Banking sector deposits increased by 7,5 percent to $4,3 billion in the nine months to September from $4 billion...
Zimbabwe dairy products imports reduce by 32%
HARARE: Zimbabwe has reduced by 32 percent the importation of milk and milk products from neighbouring countries due to increased...
Zimbabwe Stock Exchange Colcom spends $7 mln in expansion projects
HARARE: Zimbabwe Stock Exchange listed Colcom Holdings Limited will spend about $7 million towards expansion as the company steps up...
Truworths Zimbabwe focus on effective management of credit risk
HARARE: Apparel retailer Truworths Zimbabwe (Truworths) says it will focus on effective management of credit risk to minimise trade receivable...
Zimbabwe Revenue Authority seizes hundreds of smuggled vehicles
HARARE: The Zimbabwe Revenue Authority (Zimra) has impounded hundreds of vehicles in a blitz to flush out cars that have...
OK Zimbabwe revenue declines 7.9% to $213,6m in 2015
HARARE: OK Zimbabwe Limited revenue declined by 7,9% to $213,6 million for the six months ended September 30, 2015 due...
Indian billionaire sets to invest $30m in Pepsi bottling plant
HARARE: Indian billionaire Ravi Jaipuria is set to invest US$30 million in a Pepsi bottling plant in the country, promoters...
Samsung begins production of television, refrigerator sets in Zimbabwe
HARARE: International electronic firm, Samsung, has begun production of television and refrigerator sets in Zimbabwe, businessdaily has learnt. The company’s country...
Zimbabwe Revenue Authority opposes tax incentives to foreign companies
HARARE: The Zimbabwe Revenue Authority (Zimra) says offering tax incentives to foreign companies is tantamount to surrendering the country’s taxing...
OK Zimbabwe reports 72% fall in net profit to $1.2 mln
HARARE: The country’s largest retailer, OK Zimbabwe on Thursday reported a nearly 72 percent fall in net profit to $1,2...
Zimbabwe’s banana market faces oversupply
HARARE: Zimbabwe's banana market could face an oversupply after leading producers stopped exports to South Africa, the country's biggest market,...
Zimbabwe Stock Exchange market capitalization increase 0.21%
HARARE: The average deposit rates for one-month and three-month tenor deposits closed the week ending October 30 at 7,47% and...
Delta Corporation reports 19% decline in after tax profit
HARARE: SABMiller’s Zimbabwe unit Delta Corporation on Wednesday reported a 19 percent decline in after tax profit to $35,7 million...
Allied Timbers plans to double export revenue in Q1 of 2016
HARARE: Allied Timbers plans to double export revenue in the first quarter next year, taking advantage of the growing demand...
Innscor capex decreases by 21% to $38m this year
HARARE: Innscor Africa’s capital expenditure fell by 21 percent to $38 million this year, as the group scaled down due...
Nedbank expands footprint in Zimbabwe
HARARE: South African lender Nedbank is expanding its footprint in Zimbabwe, despite the economic turbulence, which the company is sizing...
Seasonal exports increases to 103,9m kg in 2015
HARARE: Seasonal tobacco exports have raked in $543 million in the 10 months to October, with the bulk going to...
Telecel receives international remittances on mobile money transfer platform
HARARE: The Reserve Bank of Zimbabwe (RBZ) has licensed Telecel Zimbabwe to receive international remittances on its mobile money transfer...
