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Tuesday, 14 May 2013 11:02
HARARE - Police have launched a manhunt for a gang of armed robbers who pounced on foreigners in Harare’s Avondale suburb over the weekend, getting away with over $44 000. Police spokesperson, Paul Nyathi, warned people operating businesses in Zimbabwe to...Read More
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Thursday, 09 May 2013 11:29
HARARE - The United States is mum on its Treasury Department’s Office of Foreign Assets Control (Ofac)’s seizure of over $2 million destined to be transferred to Olivine from the PTA Bank. The payment was for the recapitalisation of the oil...Read More
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Business »
Monday, 06 May 2013 13:25
HARARE - After shunning Zimbabwe during its years of hyperinflation and political strife, foreign investors are finding the southern African country increasingly attractive. The main index, up more than 25% this year, hit a record high of 191.16 on Friday and...Read More
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Business »
Friday, 12 April 2013 15:19
HARARE - The Zimbabwe units of Barclays and Nedbank have announced projects to boost their presence in Zimbabwe by opening new branches, installing new automated teller machines (ATMs) and developing new, technology-based banking platforms across the country. Barclays Zimbabwe and Nedbank’s...Read More
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Business »
Tuesday, 09 April 2013 12:23
HARARE - At least 10 foreign and local investors have submitted bids to acquire embattled milling firm Blue Ribbon Industries Limited (BRI), businessdaily has learnt. BRI, which is under judicial management, was forced to close shop last year due to working...Read More
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Tuesday, 02 April 2013 11:05
HARARE - Deputy minister of Information and Publicity Murisi Zvizwai has said foreign journalists are welcome to cover political and crucial events taking place in Zimbabwe unhindered, contradicting his permanent secretary George Charamba. The deputy minister said this following an announcement...Read More
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Friday, 15 March 2013 10:33
HARARE - Indigenisation minister Saviour Kasukuwere insists that foreign-owned banks will not be exempt from the controversial empowerment programme. According to reports by state-owned broadcaster ZBC, Kasukuwere told a tobacco growers’ forum organised by Boka Auction Floors at Tsakare Primary School...Read More
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Business » Ndakaziva Majaka, Staff Writer
Thursday, 28 February 2013 12:54
HARARE - Foreign institutions are among investors that have submitted bids to acquire a 49 percent stake in the Agricultural Development Bank of Zimbabwe (Agribank), businessdaily has established. Insiders said a due diligence exercise has already been completed. “All I can...Read More
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Business »
Friday, 01 February 2013 13:24
HARARE - NMBZ Holdings Limited (NMBZ) says three foreign investors have agreed to inject $14,8 million into the group in return for a 27 percent stake. The three strategic investors are AfricInvest Capital Partners (AfricInvest), FMO — a Dutch development bank...Read More
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Wednesday, 30 January 2013 10:36
HARARE - Zimbabwe government is approaching the international community to bankroll this year’s watershed elections. President Robert Mugabe and his coalition partner, Prime Minister Morgan Tsvangirai, have already ordered Finance minister Tendai Biti and his Justice counterpart Patrick Chinamasa to take...Read More
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Friday, 04 January 2013 11:11
HARARE - A row over the role of international poll observers threatens to scuttle the electoral process as Zanu PF maintains that Zimbabwe has the capacity to hold free and fair elections without observers’ probing eyes. As the nation braces for...Read More
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Business » Ndakaziva Majaka, Staff Writer
Friday, 07 December 2012 10:58
HARARE - A coalition of local businesspeople has formed a union to fight against foreign-owned retailers which they accuse of rejecting locally produced goods. The Businessdaily yesterday gathered that 36 local manufacturers and farmers, led by Gladman Investments — a packaging...Read More
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Business » Ndakaziva Majaka, Staff Writer
Tuesday, 04 December 2012 12:41
HARARE - Foreign investors will not partner Zimbabwe in its diamond beneficiation initiative as the move will negatively affect their home markets, a local expert said. Stephen Muchenje, Zimbabwe Diamond Education College principal, said Zimbabwe had to change its policy and...Read More
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News » Ndakaziva Majaka, Staff Writer
Thursday, 29 November 2012 09:47
HARARE - Zimbabwe should stop opening up the retail and wholesale sectors to foreigners because it is not in the national interest, a Cabinet minister said yesterday. Addressing delegates at the Indigenisation Conference in the capital, Justice and Legal Affairs minister,...Read More
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Business »
Monday, 19 November 2012 12:56
HARARE - Trust Banking Corporation (TBC) says negotiations with three potential investors to inject money to meet the central bank’s capital requirements are at an advanced stage. William Nyemba, TBC chief executive, told businessdaily that the investors were all foreign and...Read More
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