A NUMBER of listed companies have warned of de-industrialisation due to an escalating economic crisis in the country, which has left millions jobless. (more…)

PUBLICLY-FUNDED Rural Electrification Agency (REA)’s board has turned the institution into a feeding trough, with investigations revealing that board members are fleecing the organisation through monthly meetings for which they are claiming hefty allowances. (more…)

GOVERNMENT, reeling from an acute financial crisis, is engaging private partners to fund the building of schools in order to ease the shortage of learning institutions in the country. (more…)

ZIMPLOW Holdings said it has secured a number of good export contracts for both Barzem and Mealie Brand which will turn the group’s operating loss position which increased to $2 434 161 in the year ending 31 December 2014 compared to $361 042 in 2013 to profit. (more…)

ZIMBABWE has registered a nearly five-fold increase in exports to the European Union to US$153 million buoyed by diamond exports to Belgium and reengagement efforts between the southern African nation and the bloc, latest trade figures from the International Trade Centre have shown. (more…)

  LISTED construction and manufacturing firm, Masimba Holdings, has completed the process to unbundle its plastics manufacturing subsidiary, Proplastics, from the construction business, paving way for its separate listing on the domestic bourse. (more…)

FBC Holdings posted a 58 percent decline in profit for the year ended 31 December 2014 to $4 million after a book loss of $9 million after it divested from building materials manufacturer Turnall in the third quarter. (more…)

TURNALL Holdings believes it is now on solid ground to return to profitability following key internal developments that took place in the organisation last year which saw two executives leaving the company and one who passed on. (more…)

ZIMBABWE'S largest mortgage lender, CABS says it will re-launch the balance of the suspended $10 mln Kurera/Ukondla Youth Fund in the next three months although it will now be more cautious on the lending. (more…)