Business
Prime Minister Welcomes Chinese Investment
Zimbabwe's Prime Minister Morgan Tsvangirai on Wednesday said Chinese investments are welcomed and he hopes the economic ties can be further strengthened after Zimbabwe's elections.
Zimbabwe Stock Exchange Plans IPO as Index Rallies 38%
Zimbabwe’s stock exchange, whose main industrial index has jumped 38 percent this year, plans to sell shares through an initial public offering by the end of 2013, according to the country’s Securities Exchange Commission....
South African ATM deployer expands into Africa
HARARE - Spark ATM Systems, South Africa's independent Automated Teller Machine (ATM) deployer, has expanded into Africa through the establishment of Spark ATM Systems in Zimbabwe, in partnership with CBZ Bank Limited, Zimbabwe's largest retail bank....
Zimbabwe Stock Market Regulator Balks at Plan to Force Bank IPOs
Zimbabwe’s stock exchange regulator said a planned law to force banks to sell their shares on the local bourse will only work once the nation has addressed issues holding back equity valuations....
Government to compel listing of banks
Government will enact laws requiring all banks to list on the Zimbabwe Stock Exchange to help them raise capital, Finance Minister Tendai Biti has said....
Zimbabwe's Chief Executives Fail to Pass On the Baton
ANNOUNCING the "shock" departure of then group chief executive officer Nyasha Makuvise last year, CBZ Holdings board chairman Luxon Zembe told analysts that while the group regretted his resignation, leadership was like a relay where one had to pass on the baton....
President Mugabe owns all mineral rights - Mutambara
MINING rights in Zimbabwe are vested in the President and acquisition of a mining title does not transfer ownership of mineral claims to the investor, Deputy Prime Minister Arthur Mutambara has said....
MDC-T to keep US dollar as currency for five years
HARARE - The Movement for Democratic Change led by Prime Minister Morgan Tsvangirai’s MDC-T party has said it would maintain the current US dollar-dominated currency regime during its first five years in power if it forms the country's next government...
Scandal Rocks TelOne
TelOne, the country’s fixed telecommunications network operator, is understood to have been rocked by a scandal involving the diversion of employee benevolent funds to a microfinance institution, prejudicing employees....