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ZITF Returns, Slated For July

The country’s premier international exhibition and trade promotion event, the Zimbabwe International Trade Fair (ZITF) is set for a comeback this July after a one year hiatus due to the COVID-19 pandemic. The annual event which traditionally takes place in April had to be cancelled last year as the country entered its first hard lockdown […]

Liquid Telecoms Rebrands, Expands Business Focus

Pan African tech company, Liquid Telecoms, has rebranded to, Liquid Intelligent Technologies as it redirects its business focus to offer cloud based services outside its traditional provision of extensive fibre infrastructure, 263Chat Business reports. The strategic restructuring will see the Group offering hosting and data centre services, Cyber security, Cloud, Unified Communications, Managed Network and […]

Standard Bank Group Appoints New Chief Executive For Africa Regions

Stanbic Bank Zimbabwe’s parent Company, Standard Bank Group, Africa’s largest bank by assets, has appointed Yinka Sanni as its new Chief Executive for Africa Regions and a member of the Group Leadership Council. Sanni, the group’s Regional Chief Executive for West Africa, takes over from Sola David-Borha, who is retiring after 31 years of distinguished […]

COVID-19 Dims African Sun

Hotelier, African Sun Limited revenue for the year ended December 2020, as expected-took a steep drop of 55 percent to ZWL1, 84 billion from ZWL4, 10 billion recorded in the same period previous year as hotel bookings were significantly affected by the COVID-19 pandemic. Zimbabwe entered a hard lockdown end of March last year before […]

Meikles To Spin-Off Tanganda

Diversified group, Meikles Limited wants to separate its agricultural processing unit, Tanganda Tea Company Limited from the group and list it on the Zimbabwe Stock Exchange (ZSE) in an attempt to unlock value, 263Chat Business has learnt. The group is currently considering proposals for the spin-off, it reported this morning. “The Board of Directors of […]

SADC Bourses Shift Focus To Green Projects

The recent 58th bi-annual meeting of SADC Stock Exchanges held virtually this week saw the climate change sustainability initiative take center stage as regional bourses seek to grow climate-smart investments. This follows the signing of a partnership to develop a green bond market in the region between FSD Africa (FSDA) and the Committee of Southern […]

Getbucks Loss Widens To ZWL$ 45 Million

ZSE-listed, Getbucks Microfinance Bank loss for the full year to December 2020 widened 159 percent against comparative period prior year to reach ZWL$ 44.8 million as a result of a net monetary loss of ZWL$ 29million. Previously, the company had reported a ZWL$17.3 million loss comparable period. The Microfinance Bank’s assets were predominantly monetary assets […]

RioZim Prioritizes Completion Of US$17 Million Processing Plant

Diversified resource group, RioZim Limited, says it has prioritized the completion of the US$ 17 million Biological Oxidation (BIOX) plant at the firm’s Cam and Motor mine in Kadoma this year following delays to the project in the past two years due to funding constraints and the COVID-19 pandemic. The BIOX technology will help the […]

Caledonia Increases Quarterly Dividend By 9%

Caledonia Mining Corporation has announced its fifth quarterly dividend increase in the last 18 months with the latest gain taking the price of shares to US$0.12 each, company Chief Executive Officer Steve Curtis has said. Speaking on the announcement, Curtis indicated that the development is reflective of the company’s confidence in its investment outlook in […]

CBZ Bank Launches Student Visa Credit Card

CBZ Bank has launched a Student Visa Credit Card which is specially designed for students. The card is available to any student registered with any local or international University or any Academic/Professional Institution.  Students who are non-CBZ account holders can also apply for the card. Students can make payments using the CBZ Visa Credit student […]