TELECOMS & TECHNOLOGY

OTT application services cut mobile revenue

MOBILE operators experienced a 5,8% decline in revenue to $244 677 944 in the first quarter of the year owing to the continued decrease in voice traffic as over the top (OTT) applications continue to ...

By Staff reporter | Published: 10 July 2018

TRANSPORT & TOURISM

Hotel occupancy up 47% Q1

ZIMBABWE's hotel occupancy rate increased to 47% in the first quarter of the year, with industry officials attributing the trend to government's stance on the ease of doing business across all sectors...

By Staff reporter | Published: 10 July 2018

FINANCIAL SERVICES

BCC recovers only $32 000 from Metbank

THE Bulawayo City Council (BCC) has recovered from the Metbank $32 512 of the $1 million it lost after the financial institutions went under a few years ago.The local authority's finance department on...

By Staff reporter | Published: 10 July 2018

TELECOMS & TECHNOLOGY

Zimbabwe intensifies internet connectivity

INFORMATION Communication and Technology minister Supa Mandiwanzira yesterday said the government was intensifying its efforts to bring internet connectivity to every household countrywide.The ministe...

By Staff reporter | Published: 10 July 2018

TELECOMS & TECHNOLOGY

Diaspora group seeks to raise $100m for NRZ

THE Diaspora Infrastructure Development Group (DIDG), which recently won the $400 million tender to recapitalise and operate the National Railways of Zimbabwe (NRZ) together with Transnet of South Af...

By Staff reporter | Published: 10 July 2018

INDUSTRIALS & ENERGY

United Refineries gets ready for listing status

DIVERSIFED agro-processor United Refineries Limited (URL) is repositioning itself in the market on the back of growing business as it moves towards initial public offering grade."The latest thinking i...

By Staff reporter | Published: 10 July 2018

MINING & RETAIL

Zim to reopen closed mines, says Hungwe

Government is working hard to reopen some closed mines, with Mhangura Copper Mines being one of those targeted under the programme, Zanu-PF national secretary for labour Josiah Hungwe has said. Addres...

By Staff reporter | Published: 10 July 2018

TELECOMS & TECHNOLOGY

Zimbabwe mobile telcos' revenue down 5,8%

Zimbabwe's mobile telcos' revenue for the first quarter of 2018 decreased by 5,8 percent to $244,7 million compared to $259,711 million recorded in the same period last year as consumers continue to o...

By Staff reporter | Published: 10 July 2018

TRANSPORT & TOURISM

Govt keen to support aviation sector

Government says it is committed to supporting the aviation industry given its critical role in national development. This was said yesterday by the director of aviation and rail, Mr Allowance Sango du...

By Staff reporter | Published: 10 July 2018

MINING & RETAIL

BNC records $5.8m profit

BNC says it is operating on shaky ground despite recording $5.8million after tax profits in the full year to March 31, 2018. The groups's chairperson Muchadeyi Masunda said despite posting healthy pro...

By Staff reporter | Published: 09 July 2018

LANDS & AGRICULTURE

Corteva Agriscience enters Zimbabwe

Seed producer DowDupont has introduced a standalone Corteva Agriscience Company in Zimbabwe that will specialise in production of high quality seeds and crop protection products.DowDuPont commercial u...

By Staff reporter | Published: 09 July 2018

INDUSTRIALS & ENERGY

Zonful Energy embarks on rural electrification programme

A PRIVATE solar power-generating firm, Zonful Energy, has embarked on a rural electrification programme through installing solar power at households on easy payment terms to augment government efforts...

By Staff reporter | Published: 09 July 2018

CONSTRUCTION & PROPERTY

Craft Properties basks in international awards glory

A LOCAL property development firm, Craft Properties has won two international awards in US and France respectively in recognition of its contribution in leadership, quality, innovation and excellence ...

By Staff reporter | Published: 09 July 2018

TRANSPORT & TOURISM

Due diligence done in NRZ deal

THE National Railways of Zimbabwe (NRZ) has concluded due diligence towards reaching financial closure for the $400 million recapitalisation project.NRZ and the Diaspora Infrastructure Development Gro...

By Staff reporter | Published: 09 July 2018

INDUSTRIALS & ENERGY

Smuggled blankets suffocate Waverly

ZIMBABWE's remaining blanket manufacturer, Waverly Blankets, faces collapse as its operations are being suffocated by an influx of smuggled blankets allegedly from China. It is understood that once th...

By Staff reporter | Published: 09 July 2018

TRANSPORT & TOURISM

Zimbabwe tourism on the rebound

THE average hotel occupancy rate in the first quarter of 2018 for Bulawayo hotels rose by 44%, up 15 percentage points from the levels recorded in the same period last year, industry officials have sa...

By Staff reporter | Published: 08 July 2018

INDUSTRIALS & ENERGY

General Beltings seeks $2 million to recapitalise

THE country's sole manufacturer of conveyor belts, General Beltings Holdings needs about $2 million to recapitalise its operations to fortify its surge towards profitability and robust growth.General ...

By Staff reporter | Published: 08 July 2018

MINING & RETAIL

Kamativi sits on $1,9 billion lithium dump

KAMATIVI Mine in Matabeleland North is sitting on $ 1,9 billion worth of lithium on its dumps, which the Government is looking forward to start exploiting in the first quarter of next year.In an inter...

By Staff reporter | Published: 08 July 2018

MINING & RETAIL

Diamond production up 44%

STATE owned diamond mining entity, the Zimbabwe Consolidated Diamond Company (ZCDC), has recorded a 44 percent increase in production after it hauled just over 1, 5 million carats of the precious ston...

By Staff reporter | Published: 08 July 2018

TRANSPORT & TOURISM

Hyenas kill kudu in reception area of Zimbabwean safari camp

Talk about a close encounter with African wildlife.More than a dozen hyenas killed a kudu in the reception area of a safari camp in Zimbabwe, leaving a large pool of blood. There were no guests in the...

By Associated Press | Published: 07 July 2018

INDUSTRIALS & ENERGY

$25m pharmaceutical warehouse project stalled

THE construction of a $25 million state-of-the-art national pharmaceutical warehouse funded by China has hit another snag after the government shifted goal posts yet again.Beijing and Harare signed an...

By Staff reporter | Published: 06 July 2018

TRANSPORT & TOURISM

Boeing demands $2,7m for Mugabe Airways plane manuals

AMERICAN aircraft manufacturer Boeing is demanding $2,7 million from the government in order to supply manuals for four Boeing 777 jetliners which Harare is controversially acquiring from Malaysia on ...

By Staff reporter | Published: 06 July 2018

MINING & RETAIL

Mining companies exempted from paying wage increment

THIRTY mining companies have successfully applied to be exempted from paying the 2018 minimum wage increment amid viability concerns.The Chamber of Mines and the Associated Mineworkers' Union of Zimba...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

Mnangagwa relaunches Grace Mugabe project

PRESIDENT Emmerson Mnangagwa yesterday relaunched the youth Empower Bank, exactly seven months after former First Lady Grace Mugabe opened the financial institution's doors to the public without a ban...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

ZB taps into diaspora

ZB Bank in collaboration with ZymPay yesterday launched a product which will enable people in the Diaspora to pay fees to schools in Zimbabwe.Speaking at the launch of the Diaspora school fees service...

By Staff reporter | Published: 06 July 2018
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