INDUSTRIALS & ENERGY

Delta revenue sparkles

DELTA Corporation Limited has reported a 40% increase in revenue as a result of an upsurge in all its beverage categories which was driven by higher consumer demand during the first quarter of the yea...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

Air Namibia's planes to be impounded over $1m

High Court judge Justice Tawanda Chitapi has issued a court order, authorising the Sheriff or his Deputy to impound Air Namibia's planes and attach office equipment at Joina City in Harare, pending an...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Zesa acquitted of violating salary agreement

A High Court judge has acquitted Zesa Holdings on charges of violating a 2012 agreement to adjust the salaries of its employees in a move which could result in the power utility company saving over $1...

By Staff reporter | Published: 13 July 2018

FINANCIAL SERVICES

'Ecobank in Zimbabwe to stay'

ECOBANK Transnational Incorporated says it will provide a platform for the local bank to access global finance, as it seeks to stay in Zimbabwe for the long haul.Ecobank group chief executive officer ...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

RTG douses fire outbreak claims

THE Rainbow Tourism Group (RTG) has refuted claims on social media that a fire that broke out at the Rainbow Towers Hotel in Harare on Wednesday engulfed a huge portion of the hotel as it only covered...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

'Nurture youths in tourism'

TOURISM and Hospitality Industry minister Prisca Mupfumira says there is need to nurture youths in order to get them to develop society through different platforms such as tourism.Mpfumira was speakin...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

Tobacco fails to deliver Zim forex relief

IH Securities says the economy is yet to feel the impact of the tobacco export proceeds despite being over 90 days into the season.In IH Securities outlook for the month released recently, the local f...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Sugar prices up 18%

THE price of sugar has increased by about 18% to $2,25 per 2 kg pack over the past few days due to rising costs of production as well as cost of money, NewsDay has reported.Confederation of Zimbabwe R...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

ZTA postpones cultural fiesta

ZIMBABWE Tourism Authority (ZTA) has been forced to move this year's edition of the annual Harare International Carnival, which had been set for July 17 to 21, to the first week of October, as it has ...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

Air Zimbabwe to secure technical partner

Cabinet is expected to make a major pronouncement on Air Zimbabwe, amid indications that an inter-ministerial task-force put together to find a lasting solution to the problems dogging the national fl...

By Staff reporter | Published: 13 July 2018

MINING & RETAIL

Blanket Mine produces 12,567 ounces of gold

AIM-LISTED Caledonia Mining Corporation has produced approximately 12,657 ounces of gold at its Blanket Mine subsidiary in Gwanda during the second quarter ended 30 June 2018 compared to 12,924 ounces...

By Staff reporter | Published: 13 July 2018

FINANCIAL SERVICES

Nyaradzo snaps up biggest market share

DIVERSIFIED insurance group, Nyaradzo Life Assurance Company, says its market share has grown to more than 70 percent owing to the introduction of a number of corporate social responsibility programme...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

ZITF clarifies Mine-Entra exhibition date shift

THE Zimbabwe International Trade Fair (ZITF) Company says the shift in dates for the 2018 Mining, Engineering and Transport (Mine-Entra) exhibition from July to October has been necessitated by wide m...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

Zim Radisson Blu hotel construction begins

One of the world's largest hospitality groups, Carlson Rezidor in partnership with local hospitality firm, Streamwalk, has started construction of a Radisson Blu Hotel along Samora Machel Avenue in Ha...

By Staff reporter | Published: 12 July 2018

MINING & RETAIL

Zimbabwe firms cut $3m deals in DRC

Zimbabwean Resources companies have cut deals worth $3 million plus with DRC corporations after participating at a mining exhibition in the central African country. The firms are working with large mi...

By Staff reporter | Published: 12 July 2018

TRANSPORT & TOURISM

Zupco ownership shocker

Diversified insurance giant Zimre Holdings has been identified as government's sleeping partner in the troubled public bus company Zupco. Account general Daniel Muchemwa says government was equally sh...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

Nedbank offers $75m offshore finance facility

NEDBANK Zimbabwe has availed a $75 million line of credit facility through its mother company, Nedbank South Africa under which pre-and post-shipment offshore finance will be offered to exporters.Spea...

By Staff reporter | Published: 12 July 2018

TELECOMS & TECHNOLOGY

'HIT best to understand blockchain tech'

THE Zimbabwe Information and Communication Technology Division (ZICT) says Harare Institute of Technology (HIT) has some of the best brains in understanding blockchain technology used to develop crypt...

By Staff reporter | Published: 12 July 2018

TELECOMS & TECHNOLOGY

TelOne's hackathon to promote mobile financial services

TELONE Centre for Learning (TCFL) will host a mobile financial services hackathon for State-owned mobile operator NetOne in collaboration with South Africa's FinMark Trust to promote mobile financial ...

By Staff reporter | Published: 12 July 2018

TELECOMS & TECHNOLOGY

Econet takes stock of investments

ECONET Wireless Zimbabwe has channeled over $3,2 billion in sourcing goods and services from local industries including small to medium enterprises over the past 20 years.Group chief executive officer...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

AfDB ranked 4th in global index

THE African Development Bank (AfDB) has been ranked fourth among 45 development organisations in the 2018 Global Aid Transparency Index.The regional bank was ranked sixth in 2016.The Aid Transparency ...

By Staff reporter | Published: 12 July 2018

LANDS & AGRICULTURE

UK investor eyes CSC

THE Cold Storage Company (CSC) has identified a United Kingdom-based investor set to inject $100 million into Zimbabwe's largest beef processing firm.The ailing State-owned entity, which requires betw...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

Fraudsters target Women's Ban

Zimbabweans should be wary of fraudsters who are moving around with forged Women's Bank loan application forms and offering to process them for a fee. There are reports that a number of people had bee...

By Staff reporter | Published: 12 July 2018

TELECOMS & TECHNOLOGY

Gtel releases first wireless smartphone

Gtel yesterday released the stunning X7 Plus smartphone, featuring the latest android generation custom processor and wireless charging and earphone system. The company's brand manager Alvin Pande, sa...

By Staff reporter | Published: 12 July 2018

MINING & RETAIL

Vast Resources explores new opportunities

VAST Resources Zimbabwe is exploring new mining opportunities and intends to revitalise its historic claims, as it seeks to increase its footprint in the country, riding on the significantly transform...

By Staff reporter | Published: 12 July 2018
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