adminWillowvale 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…
Barclays to shut hundreds of branches
London – Barclays is planning to shut 400 UK branches, or a quarter of its network, as part of the bank’s plan to cut costs, the Financial Times said on…
Gold output down 2 percent
Harare Bureau ZIMBABWE’S gold output marginally fell 2 percent last year after Government banned all mining activities along river banks in a bid to halt environmental degradation.
RioZim risks losing power producer’s licence
Harare Bureau MINING concern, RioZim Limited risks losing its independent power producer’s licence and the Sengwa coal concessions if it fails to make progress on its Gokwe North power project…
Energy giant Shell posts sliding 2013 profits
OIL giant Royal Dutch Shell yesterday posted a 39-percent slump in annual net profits, two weeks after shocking the market with a profit warning.