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Edgars in Jet expansion

HARARE – Listed clothing retailer Edgars Stores Limited (Edgars) plans to open three new outlets of its budget shop — Jet Stores…

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Afrisun plans five new hotels

LISTED hospitality group African Sun Limited (Afrisun) says it plans to establish five new hotels in the near future. The hotelier said…

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Zim FDI remains depressed

FOREIGN Direct Investment (FDI) flows into Zimbabwe increased marginally by 3,25 percent to $400 million last year from $387 million in 2011,…

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American fast food chain eyes Zim

AMERICAN fast food chain Burger King Worldwide Incorporated (Burger King) plans to open outlets in Zimbabwe as part of efforts to spread its footprint…

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BNC recapitalisation bid flops

LISTED miner Bindura Nickel Corporation Limited (BNC) says its plans to raise $20 million additional capital have failed. The Mwana Africa plc…

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Fidelity to merge operations

HARARE – Fidelity Life Assurance of Zimbabwe (Fidelity) plans to merge its funeral and individual life assurance units as part of a…

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Iata lifts AirZim suspension

HARARE – The International Air Transport Association (Iata) has re-registered Air Zimbabwe (Airzim) after an eight-month suspension. Munesu Munodawafa, the Transport ministry’s…

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Capital Bank right-sizes

HARARE – Capital Bank Corporation Limited (Capital), majority-owned by pensions administrator National Social Security Authority (Nssa), has embarked on a rationalisation exercise…

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