Biti's growth figures challenged AN international asset management company executive has challenged Finance Minister Tendai Biti and the International Monetary Fund's growth projection figures for Zimbabwe saying they are severely undervalued. >>Read More ... TZG-Bloomberg

US$60m loan boost for Econet ECONET Wireless Zimbabwe has secured a US$60 million loan from Swedish credit agency EKN to strengthen its infrastructure in Harare. >>Read More ... THR - 1 opinion posted

London fund mgr commits US$25m to Zimbabwe ONE OF the most highly regarded fund managers in London has committed US$25 million of clients' money to investment in Zimbabwe. >>Read More ... Our reporter

RBZ revises policy on banks THE Reserve Bank of Zimbabwe has abolished — with immediate effect — Statutory Reserve Requirements for banks, in a move expected to unlock more funds for lending and lowering of interest rates. >>Read More ... Newsnet

Inflation drops by 0.8 pc ZIMBABWE'S annual inflation slowed to 5.3 percent in June, from 6.1 percent in May, due to lower food prices, the Zimbabwe National Statistical Agency said on Thursday. >>Read More ... Reuters-TZG

Delta opens US$4mln plant DELTA Beverages has commissioned a US$4 million plant in Harare. >>Read More ... Our reporter - 1 opinion posted

No significant loss from diamond ban, says Rio GLOBAL miner Rio Tinto said on Thursday it had not suffered significant loss from Zimbabwe's ban on diamond exports and the interruptions to shipments from the country were limited. >>Read More ... Reuters-TZG - 1 opinion posted

Caledonia mining commissions first generator CALEDONIA Mining Corporation says it has completed the installation and commissioning of the first of several 2.5MVA diesel standby generators, on schedule, at the Blanket gold mine in Zimbabwe. >>Read More ... PAInvestors-TZG

OK Zimbabwe posts $188m sales ZIMBABWE's second-largest supermarket chain OK Zimbabwe said it posted $187.5 million in sales in the year to March, buoyed by a recovering economy after last year's formation of the inclusive Government.  >>Read More ... Reuters-TZG

CBZ outperforms Zim banks CBZ Bank has climbed to the apex of the financial services sector after emerging the star performer during 2009. >>Read More ... MMC Investment Research - 1 opinion posted

Exploration begins at Turk and Angelus Mine complex NEW Dawn Mining Corporation has commenced three separate exploration programmes at its Turk and Angelus Mine Complex in a bid to increase its gold resource base.  >>Read More ... CBR

ZSE mainstream index gains 1,3pc THE Zimbabwe Stock Exchange mainstream index gained 1,3 percent last week, adding 1.80 points compared to the previous week while the mining index lost 2,03 percent. >>Read More ... TH-TZG

Govt, banks fail to meet demand in SME sector THE Small Enterprises Development Corporation said on Monday the Government and financial institutions are failing to satisfy the huge demand for funding in the small to medium scale enterprises sector.  >>Read More ... New Ziana

Metmar concludes 40% Zimbabwe alloys deal METMAR Africa said yesterday that it had concluded a deal to buy 40% of Zimbabwe Alloys Chrome for 51,3m on March 24.  >>Read More ... BD-tzg

ABC puts micro-finance for Zim on hold ABC Holdings Limited has put on hold plans to extend micro-finance business into Zimbabwe citing the sub standard salary scale for government employees. >>Read More ...

Chiadzwa mine director acquitted CANADILE Miners (Pvt) Limited director, Komilan Packirisamy, 37, who was charged with illegal possession of 57 pieces of diamonds worth $28 000, was acquitted last Thursday.  >>Read More ... MP.

Fast food giant Innscor relaunches brands ZIMBABWE Stock Exchange-listed fast food giant, Innscor Africa, is to spend a substantial sum on re-launching its popular fast food brands. These include Creamy Inn, Chicken Inn, Nandos, Pizza Inn and Bakers Inn. The group also runs the Steers franchise in Zimbabwe.  >>Read More ... BizCommunity

NetOne aims 1.5m subscribers by mid 2010 EXPANSION of network capacity has been carried out by Zimbabwean state-owned mobile operator NetOne to five million subscribers. The company also hopes to more than triple its active customer base to over 1.5 million by end-May 2010. >>Read More ... WF-TH-TZG

Zim tobacco rakes in US$7m in a month ZIMBABWE has raked in more than US$7 million from tobacco sales since the marketing season began last month, the Tobacco Industry and Marketing Board has said.  >>Read More ... TC - 1 opinion posted

Ethanol plant launched in Zimbabwe THE Zimbabwean government has launched plans for the construction of a sugarcane-to-ethanol refinery.  >>Read More ... Ralph Mutema

Investor interest rises despite indigenisation ZIMBABWE has received overwhelming inquiries from foreign investors despite the gazetting of an indigenisation regulations last month requiring that all foreign-owned companies should cede 51 per cent to indigenous Zimbabweans, a Cabinet minister recently said.  >>Read More ... Floyd Nkomo