adminCairns in US$8m loss
Suspended Zimbabwe Stock Exchange-listed food manufacturer Cairns Holdings Limited yesterday reported a US$8,1 million loss for the year ended August 31 2012. In a statement accompanying the group’s financial results, company secretary Mr Jeremiah Kwenda said the loss was mainly a resultIDC courts partner for Sunway project
The Industrial Development Corporation of Zimbabwe is seeking an equity partner to take up 49 percent in its property development subsidiary Sunway City. Sunway City focuses on developing world-class integrated residential, commercial industrial and recreational parks. Lack of capital is,Mwana Africa, Chinese sign pact
Business ReporterMWANA AFRICA, a multi-commodity African mining group listed in the United Kingdom with a strong presence in Zimbabwe, has announced the formal signing of the Joint Venture Agreement with Zhejiang Hailiang Company Limited of China. The Alternative Investment Market-listed firm controls 52,9
ZABG rebrands
Business ReporterZABG has commenced its rebranding process from its old name to the new brand, Allied Bank. The rebranding to Allied Bank is part of the overall plan to turn around the fortunes of the financial institution that has had to grapple with several challenges over the past two years. The entry of Trebor &
Kingdom Stockbrokers to wind up operations
Business ReporterAFRASIA Kingdom Zimbabwe Limited says it will not renew Kingdom Stockbrokers (Private) Limited’s operating licence for the current year. But KSB would remain operational for the purposes of closing all active positions with individual investors and/or other stockbrokers. According to a statement
2013 a watershed year for Zim: Mashakada
Business ReporterECONOMIC Planning and Investment Promotion Minister Tapiwa Mashakada is hopeful of Zimbabwe’s economy, describing 2013 as a “watershed year”. “There is no need to be pessimistic,” he said in an address to delegates at the Zimbabwe Economic Symposium in Harare yesterday. “Things
TN Bank to delist
Golden Sibanda Senior Business ReporterTN Bank Limited will today delist from the Zimbabwe Stock Exchange after 96,3 percent of the bank’s minority shareholders accepted an offer from Econet Wireless Zimbabwe to acquire their stake. Minority shareholders held a total of 76 204 093 shares prior to the Econet Wireless offer. But 72
Disabled cry out for inclusion
Loverage Nhamoyebonde Features CorrespondentIt is fact, not fiction, that persons with disabilities often encounter many daunting challenges in fighting for inclusion and recognition in many social, economic and political activities the world over. Their plight has been worsened by high incidences of stigma and discrimination, segregation
Zimbabweans must sober up
Arthur Kaseke Features CorrespondentThe year 2012 will go down in our history as the worst in terms of the number of fatalities witnessed on our roads during the festive period.
According to police statistics over 170 people perished on our roads, with about 730 being injured from road traffic accidents alone. Experts
Where rains are are like manna!
Rutendo Mapfumo Features CorrespondentA DARK cumulonimbus cloud covers the sky and the thunderclap brings a fierce roaring from heaven. The trees shake vigorously from the strong winds and is becomes clear that the floodgates of heaven are preparing to open up. Terrified little children clutch and hide behind their mothers as