TRANSPORT & TOURISM

Zimbabwe inbound tourism hits record high

FOREIGN tourist arrivals to Zimbabwe hit record highs between December last year and February this year and are expected to continue into next year, local tour operators have said.In December alone, v...

By Staff reporter | Published: 14 March 2018

INDUSTRIALS & ENERGY

ProDairy invests $1.6m in project

Zimbabwe's newest milk processor, ProDairy has invested $1,6 million in an ambitious project in which it is hoping to drastically cut the cost of milk production through grass feeding cows as opposed ...

By Staff reporter | Published: 14 March 2018

TELECOMS & TECHNOLOGY

Zimbabwe's Golix announces security upgrades

Golix, Zimbabwe's leading cryptocurrencies exchange, has announced a series of security improvements to its security protocols following a breach to a limited number of its affected user accounts.Acco...

By Nhlalwenhle Ngwenya | Published: 13 March 2018

TELECOMS & TECHNOLOGY

Zimbabwe's Golix platform hacked

Golix, a Zimbabwean cryptocurrency exchange platform that is said to be processing about $1 million per month, has disclosed a breach into their systems that took place on the 12th of March 2018, via ...

By techweez.com | Published: 13 March 2018

TRANSPORT & TOURISM

Fastjet named Africa's best

LOW-COST airline, Fastjet, has been named Africa's best value airline for its service excellence and contribution to the industry's growth.The airline, which operates in most parts of Africa including...

By Staff reporter | Published: 13 March 2018

LANDS & AGRICULTURE

Bulawayo farmers lose big in cattle scam

MORE than 50 farmers in Bulawayo have lost huge sums of money after the Cattle Ownership Society failed to honour its obligation despite receiving payments, NewsDay has established.Under the scheme, f...

By Staff reporter | Published: 13 March 2018

INDUSTRIALS & ENERGY

Millennium Footwear records uptick in local demand

ONE of the country's leading exotic leather shoe manufacturer, Millennium Footwear, has pushed up capacity utilisation to over 40% due to increase in local demand, the company's director, Stuart Simal...

By Staff reporter | Published: 13 March 2018

TRANSPORT & TOURISM

NRZ leasing locomotives at $1,8m

Transport and Infrastructure Development minister Joram Gumbo has revealed that the National Railways of Zimbabwe (NRZ) would be paying at least $1,8 million for leasing the recently-launched locomoti...

By Staff reporter | Published: 13 March 2018

MINING & RETAIL

Truworths swings back to profitability

TRUWORTHS Zimbabwe overturned its loss making position registering a profit after tax of $548 095 for the half year ended January 7, 2018 on the back of increased sales.In the comparative period ended...

By Staff reporter | Published: 13 March 2018

FINANCIAL SERVICES

Zimbabwe banks to source offshore credit lines

Financial institutions have renewed plans to source offshore credit lines to sustain requirements by productive sectors of the economy.Productive sectors are failing to increase capacity due to lack o...

By Staff reporter | Published: 12 March 2018

TRANSPORT & TOURISM

Ethiopian Airlines's 787 Dreamliner for Vic Falls

Ethiopian Airlines has maintained its confidence in Victoria Falls as a destination with the deployment of a Boeing 787 Dreamliner which has become the second wide bodied scheduled aircraft to service...

By Staff reporter | Published: 12 March 2018

TELECOMS & TECHNOLOGY

Azam TV comes to Zimbabwe

THE launch of Kwese TV in Zimbabwe gave viewers more options to choose from. The pay TV scene is about to get more interesting with another player, Azam TV, also making moves to set up shop in the cou...

By Staff reporter | Published: 12 March 2018

LANDS & AGRICULTURE

Govt to install dryers at GMB depots

GOVERNMENT plans to install dryers at major Grain Marketing Board (GMB) depots to address moisture complications on delivered grain and reduce post-harvest losses.Despite recording a bumper harvest in...

By Staff reporter | Published: 12 March 2018

FINANCIAL SERVICES

Zimbabwe ATMs gather dust

THE severe cash shortage brought about by a debilitating liquidity crunch has severely reduced the use of automated teller machines (ATMs).An ATM is an electronic telecommunications device that enable...

By Staff reporter | Published: 09 March 2018

LANDS & AGRICULTURE

Zim faces maize output shortfall

Zimbabwe will face a shortfall in maize output in the current 2017/18 season on the back of erratic weather conditions with the hole expected to be plugged by carryover stocks from last season, the Fa...

By Staff reporter | Published: 09 March 2018

MINING & RETAIL

Russia eyes Zim's diamonds and platinum

Russia's Foreign Minister Sergei Lavrov on Thursday met with Zimbabwe's new President Emmerson Mnangagwa and discussed possible military co-operation as well as plans to boost economic ties.Lavrov, w...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Zim prospects for new minerals

GOVERNMENT has intensified its exploration of new minerals and has granted 30 exclusive prospecting licences since November last year, Minister of Mines Winston Chitando has said.Zimbabwe, which has 4...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Zimplats resumes Bimha operations

ZIMBABWE'S largest platinum miner, Zimplats, is next month expected to resume production at its Bimha Mine, which collapsed nearly four years ago.To date, Zimplats has invested less than half the fund...

By Staff reporter | Published: 08 March 2018

TELECOMS & TECHNOLOGY

Liquid Telecom appoints new deputy MD

LIQUID Telecom Zimbabwe has appointed Martin Mushambadope as deputy managing director with effect from March 1, 2018. Prior to his appointment Mushambadope was the company's commercial officer.Mushamb...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Zimbabwe to roll out special mining leases

THE Ministry of Mines says investors seeking to start mining operations worth at least $100 million can apply for special mining leases (SML).Under the SML, investors can individually negotiate incent...

By Staff reporter | Published: 08 March 2018

TELECOMS & TECHNOLOGY

Econet partners Shaw Academy

ECONET Wireless has partnered with a global online educator, Shaw Academy, to provide educational solutions that enhance quality, affordability and accessibility within Africa.In a statement, Econet r...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Metallon sinks $2,5m into exploration

ZIMBABWE's largest gold producer, Metallon Gold, has invested an estimated $2.5 million in ongoing exploration activities at its mining operations in the country.The mining group owns operations that ...

By Staff reporter | Published: 08 March 2018

FINANCIAL SERVICES

MBCA Bank cedes shares to workers

MBCA Bank has ceded 7.5 percent shares to its workers through the Employee Share Ownership Scheme in line with the approved indigenisation plan.MBCA Bank chairman, Mr Vimbai Zireva, said this in a sta...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Falgold fails to contain crippling strike

LISTED mining group, Falcon Gold (Falgold), says the ongoing strike at its Golden Quarry Mine in Shurugwi will have an adverse impact on the operations of the mine for an indefinite period.Workers at ...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Hwange board courts investors for projects

THE Hwange Local Board (HLB) has engaged a number of local and foreign investors to participate in major infrastructural development projects as it forges ahead to attain township status.Chief executi...

By Staff reporter | Published: 08 March 2018
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