September 2011

Royal Bank Engages Potential Investors

FLEDGLING financial institution Royal Bank has engaged potential investors to raise fresh capital to meet its minimum capital requirements.

Raise Personal Savings for Retirement - Individuals Urged

Individuals have been urged to make greater effort to raise personal savings for retirement due to the depleted resources being held by pension funds.

National Customer Service Week Launched

THE Call Centre Association of Zimbabwe has officially launched the inaugural edition of the National Customer Service Week, which will be celebrated in the first week of October (3 to 7).

CBZ Profits Surge to U.S. $13,6 Million

CBZ Holdings Limited, the country's biggest banking group by deposits and market share, on Tuesday announced a 114 percent jump in profits to US$13,6 million for the interim period ended June 2011 compared to US$6,4 million last year.

Cabinet Considers Zse Project

THE Zimbabwe Stock Exchange could soon switch to electronic securities trading in line with global practice amid revelations the proposal to establish a Central Securities Depository has now been presented to Cabinet.

Seed Firm Challenges Farmers to Inrease Maize Production

SEED Co Zimbabwe managing director Mr Denias Zaranyika on Tuesday challenged farmers to increase maize production so that the country does not import grain when it has excess seed in stock.

Leaders Urged to Pay Attention to Youths

POLITICAL leaders have been urged to pay attention to the voices of the youths lest they lose their support. Youth leaders from the World Federation of Democratic Youth and the Pan-African Youth Union yesterday weighed in with their support for the embattled African National Congress Youth League president Cde Julius Malema.

Farmec Unveils Farm Machinery Loan Scheme

FARMEC, a subsidiary of Tractive Power Trading, has unveiled a farm machinery loan scheme to benefit all sectors of farmers.

City to Name, Shame Defaulters

Harare City Council, which is failing to collect US$170 million it is owed by businesses and Government departments, has resolved to adopt a name and shame strategy to force customers to pay up.

Energy Sector Needs U.S. $13 Billion

ZIMBABWE requires US$13 billion, double its Gross Domestic Product, to resuscitate its energy sector to achieve full economic recovery and service the rural population, the World Bank has said.