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Zim seeks ways to grow tourism

00HARARE Zimbabwe will tomorrow hold an all-stakeholders meeting aimed at mapping the way forward and grow the country’s tourism industry. The tourism industry, which is expected to grow by at least five percent this year and is targeting to earn $5bln by 2020 is one of the low-hanging fruits the country can utilise to grow…

Metallon mulls Arcturus Mine disposal

00HARARE Metallon Gold Corporation, Zimbabwe’s largest gold miner may consider disposing Arcturus Mine, which is currently under care and maintenance following a string of losses. Corporate affairs executive Ambassador Zenzo Nsimbi said the Group get an offer from investors for Arcturus Mine, Metallon would consider this option at the correct price. Ambassador Nsimbi said the company…

MBCA bank to open more branches

00HARARE MBCA Bank remains positive about the economic outlook as it focuses on increasing its footprint by rolling out more branches across the country and enhancement of technological platforms, an official has said. MBCA chief finance officer, Antony Makonese, told said that even though things were currently tough, the bank was poised for growth in…

IDBZ sets target on bad loans collection

00HARARE The Infrastructure Development Bank of Zimbabwe finance director Cassius Gambinga has said the Bank is targeting to collect at least 80 percent of its bad loans by year-end. Gambinga said the bank was targeting to reduce non-performing loans to $1 million from $8 million in December 2015. As at December 31, 2014, the NPLs stood…

Include all wheat flour on SI 64: Millers

00HARARE Grain millers are lobbying Government for the inclusion of all types of wheat flour on Statutory Instrument 64 of 2016 so that they be subjected to the same import control regime as other products listed under the measure as they seek to halt the continued decline in national bread consumption. National bread consumption has…

ZSE Daily Price Sheet – 30 August 2016

00 Here is the latest news, investor relations documents and a summary recap of the previous days trading from listed companies in Zimbabwe.  Brought to you by Financial Express, the worlds largest portal of FREE African investor documents. Indices Traders Gainers Losers Calendar Indices – Tuesday 30th August 2016 Index Close Open Points % YTD%…

CEO of Millicom Africa sees growth opportunities in data

00GHANA Following her recent visit to Ghana, Cynthia Gordon, the CEO of Millicom Africa has emphasized the remarkable growth opportunities in data and Tigo’s commitment to giving customers access to superior high speed internet services. “We were the first to launch 4G in 3 operations in Africa including Tanzania, Chad and Rwanda and have seen…

Tenders: Aug 30, 2016

District Development Fund Office of the President and Cabinet Invitation to a formal tender Number DDF/RDS 01 of 2016 Prospective suppliers of TIP Trucks are invited to tender for the supply of Roads Construction Equipment on as and when required basis. The TIP Trucks will be hired for roads construction and maintenance on DDF roads…

Framework for TBs auction system finalised, re-introduction ‘soon’ – RBZ

00HARARE The Reserve Bank of Zimbabwe is set to reintroduce the auction system for Treasury Bills after finalising the operational framework. RBZ Governor Dr John Mangudya confirmed that all was now in place for the return to open market operations for Government paper. “There was a committee set up headed by the Ministry of Finance…

Metbank back in the black

00HARARE Metbank posted a $0,29 million after-tax profit in the half-year ended June 30 from a loss-making position in the comparable period last year driven by austerity cost cutting and containment measures. In the same period last year the bank posted a loss of $0.17m. In a statement accompanying the bank’s interim financial results, board…

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