adminZimra misses half-year revenue target
Business Reporter The Zimbabwe Revenue Authority missed its net revenue target for the half-year to 31 June and blamed liquidity challenges, power cuts and scaling down of operations by companies…
Hotels start getting UNWTO general assembly bookings
Hotels have received significant bookings from delegates coming to attend the United Nations World Tourism Organisation general assembly to be held next month, the president of the Hospitality Association of…
Coal India Ltd looks to acquire international assets
AN Indian coal ministry official has indicated that state run company, Coal India Ltd. (CIL), is looking to acquire international assets in Australia and Botswana. The company is currently examining…
German finance minister impressed by Greek economy
ATHENS, Attica — Visiting German Finance Minister Wolfgang Schaeuble said Thursday he was impressed by Greece’s economic progress as he announced the creation of a fund providing additional liquidity to…
Greek deputies approve bill tied to EU-IMF bill
ATHENS, Attica — Greece’s parliament early on Thursday narrowly approved a sweeping bill of reforms tied to the country’s next tranche of EU-IMF loans. The coalition government’s majority carried most…
Bindura Nickel seeks short-term bridging finance
Business Reporter Bindura Nickel Corporation is seeking short-term bridging to finance its operations, the majority shareholder Mwana Africa, said yesterday. In a statement to shareholders, Mwana Africa said the short-term…
FBC subsidiary Microplan accorded platinum status
Harare Bureau FBC Holdings Limited subsidiary, Microplan Financial Services, was recently accorded platinum status by the Zimbabwe Association of Microfinance Institutions, recognising the company as one of the major players…
MFIs disburse $17m in loans
Microfinance Institutions (MFIs) disbursed loans worth around $17 million in the first quarter of the year to various sectors of the economy, an official has said. Zimbabwe Association of Microfinance…
David Whitehead assets up for sale
Harare Bureau DAVID Whitehead Textiles provisional judicial manager Mr Winsley Militala has been granted permission by the Master of the High Court to sell some of the troubled firm’s assets…
Cresta Sprayview Hotel to reopen next month
Sithandazile Moyo Business Reporter Cresta Sprayview Hotel in Victoria Falls, which was acquired by Cresta Hotels group last year, will re-open next month after undergoing a $1,5 million refurbishment. Cresta…