adminFidelity to apply for re-admission to LBMA
Oliver Kazunga Acting Business Editor FIDELITY Printers and Refiners is set to apply for re-admission into the London Bullion Marketers Association (LBMA) once it refines gold exceeding 10 tonnes annually,…
Telecel launches money transfer platform, Telecash
TELECEL Zimbabwe has launched a mobile money transfer platform known as Telecash to compete with other products already on the market.
Zesa boss’ future uncertain
Harare Bureau ZESA Holdings group chief executive Engineer Josh Chifamba’s three year-term of office expires today with no indications on whether his tenure at the helm of the power utility…
Deadline for tour operators to comply with Exchange Control Regulations
Acting Business Editor TOUR operators have been given up to mid-February to ensure they are compliant with the Exchange Control Regulations amid concerns of continued leakages of earnings in the…
Willowvale Mazda Motor Industries to revive fortunes
WILLOWVALE Mazda Motor Industries (WMMI) will soon return to its original business model of assembling different types of cars in an effort to revive its waning fortunes, an official has…
RBZ softens on struggling banks
Harare Bureau THE Reserve Bank of Zimbabwe has advised banks that are struggling to meet the minimum capital requirements to downgrade and obtain deposit taking micro-finance licences.
Directors, shareholders face jail for abusing depositors’ funds
Harare Bureau BANK directors and shareholders who abuse depositors’ funds risk prosecution and going to jail in terms of amendments proposed in the Banking Act, the Reserve Bank has said.
ZTA intensifies efforts to promote local tourism sector
Victoria Falls Reporter THE Zimbabwe Tourism Authority (ZTA) has brought in five travel writers from the United Kingdom as it intensifies efforts to promote the local tourism sector.
African states, individuals borrowing more
AFRICAN loan volumes rose 53 percent last year to hit a record high of just less than $34bn, as banks jostled to get in on some of the sizeable deals…
Facebook shares surge as mobile ads click
Facebook Inc’s shares rose as much as 16 percent to a life-high after the company’s resounding revenue growth underscored CEO Mark Zuckerberg’s success in selling ad space on the social…