adminPellè leaves Southampton for Shandong Luneng
THE Southampton and Italy striker Graziano Pellè has completed his move to Chinese club Shandong Luneng for an undisclosed fee though recent reports had put his fee at £13m. Pellè, who…
World Bank avails $20m grant to Zim
Business Reporter— ZIMBABWE has received $20 million grant from the World Bank to finance the Public Financial Management Enhancement Project meant to improve transparency and accountability in Government finances. In a…
Bakhressa completes $20m Blue Ribbon investment
Golden Sibanda Harare Bureau TANZANIAN milling giant Bakhressa Group has invested $20 million initial capital in Blue Ribbon Industries, former judicial manager Reggie Saruchera has said. Bakhressa completed the takeover of BRI…
CourierConnect makes first profit in seven years
Conrad Mwanawashe Harare Bureau ZIMBABWE’S premier logistics concern, CourierConnect’s turnaround strategy has paid dividends with the company posting profits for the first time since its inception about seven years ago. For the…
Quest capacity utilisation falls below 1 percent
Oliver Kazunga Senior Business Reporter LOCAL vehicle assembler, Quest Motor Corporation says it is not shutting down despite operating at less than one percent capacity utilisation. The company’s operations director, Mr Carl…
Brisk business in Vic Falls despite stayaway threat
Leonard Ncube Victoria Falls Reporter TOUR operators and accommodation facilities in Victoria Falls have recorded an 80 percent occupancy rate since last week with more positive prospects in the second half…
Stanbic moves premier service to Bradfield
Business Reporter STANBIC Bank Zimbabwe has relocated its Bulawayo private banking, business banking, client coverage, vehicle and asset finance (VAF) services from the city centre to Bradfield Shopping Complex in…
Businesses decry slow RTGs clearance
Midlands Correspondent BUSINESS lobby group, the Zimbabwe National Chamber of Commerce (ZNCC), has called on the central bank to expedite the clearance of transactions being done on the Real Time…
JSE shortens settlement cycle
JOHANNESBURG — The J S E shortened its settlement cycle from five to three days yesterday, a move that should boost the value and numbers of trades it handles daily. Known…
CBZ sees light in growing SMEs sector
Prosper Ndlovu Business Editor THE small to medium enterprises sector has become a significant player in the economy and is creating employment opportunities for thousands of Zimbabwean. Its successes have, however, been…