Zim Diamonds

Antwerp World Diamond Centre hails Zimbabwe

The Antwerp World Diamond Centre (AWDC) says Zimbabwe’s bold move to conduct diamond auctions on its own is a critical step in developing the local gem industry.The Belgium-based AWDC, ranks as the largest diamond...
Mr David Murangari and Shouming Lin

ZMDC & Chinese investor sign $102m agreement

The resuscitation of operations at disused Kamativi Tin Mine in Hwange District inched a step-closer after the Zimbabwe Mining Development Corporation (ZMDC) and a Chinese company – Beijing Pingchang Investments signed a Joint Venture...
Allied Bank

Allied Bank, insurance broker accused of $1m pension scam

Workers at the defunct Allied Bank have accused their employer and a local insurance broker of abusing close to $1 million of their pensions leaving them to wallow in poverty.The workers, through their representatives...
Douglas Mboweni

Econet to launch cross border remittance

ZIMBABWEANS in South Africa will from next month be able to send money home directly through EcoCash following approval of the service in South Africa. Econet and its partners have received all the necessary...
Tetrad

Corporate incest that killed Tetrad

The incestuous relationship among Tetrad Holdings’ subsidiaries — TFS Management Services, Tetrad Investment Bank (TIB) and Multiridge Finance — through which the asset management business was used as a “honey pot” from which funds...
Rand

Weakening rand triggers price adjustments in Zimbabwe

The weakening of the South African rand against the dollar has triggered a wave of commodity and service cost adjustments in Zimbabwe as businesses seek to avert losses from exchange rate disparities. Analysts fear...
air zim plane

AirZim assets set to get immunity

THE government is coming up with a law granting the troubled Air Zimbabwe a three-year immunity from attachment and execution of its properties over debts owed to different creditors. The proposal is contained in...
Tel One Managing Director Chipo Mtasa

TelOne has scaled down Fibre Optics Project – Lack of Funding

TelOne has scaled down its modernisation project for fibre optic cable installation awarded to a Chinese company due to delays and non-availability of funding by the contractor.The $98 million contract meant to upgrade and...
Meikles Award

Moxon’s Meikles grabs global Award

Zimbabwe Stock Exchange listed diversified conglomerate, Meikles Limited (Meikles) has been ranked among top African companies by the World Economic Forum for its sterling contribution in the country.Meikles, a large conglomerate in Zimbabwe with...
IMF

IMF slashes Zim economic growth forecast

The International Monetary Fund (IMF) has cut Zimbabwe’s economic growth forecast to 1,5 percent from the initial projection of 2,8 percent due to drought and declining international metal prices.IMF head of mission, Domenico Fanizza...

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