LANDS & AGRICULTURE

Belarus to supply Zim $43 million Agric equipment

The Belarus and Zimbabwean governments will sign a Memorandum of Agreement for the supply of $43 million worth of agriculture equipment, a visiting envoy said on Thursday.Belarus chief of Presidential...

MINING & RETAIL

Prospect buy 70% of the Good Days lithium project

Zimbabwe-focused mining group, Prospect Resources has extended its lithium resource base in Zimbabwe by acquiring Barrington Resources' Good Days lithium project.ASX-listed Prospect Resources already ...

TELECOMS & TECHNOLOGY

Econet declares $50m dividend

Zimbabwe's largest telecommunication's company by subscriber and asset base, Econet Wireless, has declared a dividend of $50 million in the nine months to November 2017.This was after the group yester...

TELECOMS & TECHNOLOGY

Zim MoMo interoperability raises more questions

ICT minister Supa Mandiwanzira's recent ultimatum to the country's mobile network operators to find a way to make all their mobile money platforms work together raises more questions than answers.Inte...

Zim insurance sector set for rebound

Zimbabwe's insurance sector is set for a rebound following rising investor confidence in the country after the inauguration of a new government late last year, market experts have said.The southern Af...

LANDS & AGRICULTURE

Ariston projects 31% growth in tea output

Listed agriculture concern, Ariston Holdings says enough preparations have made it bullish about the prospects for 2018 forecasting tea production to grow by 31%. Chief executive Paul Timothy Spear sa...

INDUSTRIALS & ENERGY

Ziscosteel needs $1bn to kick start

Ziscosteel requires at least $1billion to restart operations following its closure about 10 years ago while the new investor will need 18 to 24 months to restructure and reconstruct blast furnaces bef...

INDUSTRIALS & ENERGY

Blue Ribbon to diversify into beverages

Grain milling company, Blue Ribbon Foods Limited says it is working on diversifying into beverages manufacturing, as investor confidence in the country continues to grow. The project is expected to cr...

FINANCIAL SERVICES

GetBucks in $2,58m profit

Microfinance institution, GetBucks, said it has recorded a net profit of $2,58 million for the six months ended December 2017, showing a 51 percent increase from last year.GetBucks chairperson Glovah ...

MINING & RETAIL

Miners ordered to pay rentals or lose claims

THE Ministry of Mines and Mining Development has directed miners to pay their ground rentals or risk losing their claims.The call comes after small scale miners in Matabeleland South Province complain...

TELECOMS & TECHNOLOGY

iflix Partners with Safaricom in Kenya

iflix, the world's leading entertainment service for emerging markets, today announced a partnership with Safaricom to give the firms' customers up to 60 days of unlimited access to iflix's service wi...

MINING & RETAIL

Renewed interest in $1,2bn RioZim project

LISTED resources firm, RioZim, says investors have renewed their interest in the $1,2 billion Sengwa thermal power project, after being scared away by policy somersaults and currency instability, whic...

TRANSPORT & TOURISM

Cargo road ban after rail revival, says Mnangagwa

GOVERNMENT will consider banning heavy cargo trucks from the country's roads when the railway infrastructure has been revived, President Emmerson Mnangagwa has said.Speaking while officially launching...

MINING & RETAIL

Lithium firm establishes lab in Zimbabwe

ONE of Zimbabwe's largest lithium producer, Prospect Resources (Prospect), has established a laboratory complex in Kwekwe aimed at enhancing production of lithium carbonate. Hugh Warner, Prospect chai...

INDUSTRIALS & ENERGY

Mutare Bottling struggles to service $20m loan

MUTARE Bottling Company (MBC) said it is struggling to repay a foreign loan acquired to set up its bottling plant due to foreign currency shortages, an official has disclosed.MBC managing director, Al...

MINING & RETAIL

ACF invests $220m, eyes diamonds

ONE of the country's growing resource outfits, African Chrome Fields (ACF), says it has invested over $200 million at its Midlands operations in the past three years, and is now scouting for diamond a...

TELECOMS & TECHNOLOGY

NetOne gives up $11 million

STATE-owned mobile network operator, NetOne, says it has given up hope of recovering $11,3 million from its former service provider Firstel Cellular, which was liquidated nearly two years ago.First Ce...

INDUSTRIALS & ENERGY

Zimplow hits first profit in six years

AGRO-industrial group Zimplow last week reported a profit after tax of $3,4 million for the year ending December 31, 2017, its first since 2011.This was a huge swing from last year's loss of $2,5 mill...

INDUSTRIALS & ENERGY

BAT fails to remit $15m to its offshore shareholder

ZIMBABWE’S largest cigarette manufacturer, British American Tobacco (BAT), is failing to remit over $15 million in dividends to its offshore shareholder and for payment of raw materials due to forei...

BUSINESS NEWS

Zim aims to 'power the world's electric cars'

Zimbabwe's mining minister has said the country has the capacity to boost its lithium supply, CNBC Africa reports.Winston Chitando told a mining investment conference in the capital, Harare, the coun...

MINING & RETAIL

Prospect acquires lithium project in Zim

Prospect Resources has exercised its option to acquire the Good Days lithium project. The project is located in northeastern Zimbabwe and contains numerous mineralised pegmatites.Prospect's flagship ...

MINING & RETAIL

Zim to introduce 15% penalty tax on platinum

Zimbabwean Vice President Constantino Chiwenga told the conference Zimbabwe will impose a 15 percent penalty tax from Jan 1, 2019, on exports of platinum producers who do not build refining facilities...

MINING & RETAIL

Zim can meet 20% of global lithium demand

Zimbabwe aims to supply 10 percent of the world's lithium and could reach 20 percent, the mines minister from Africa's top producer of the alkali metal used in batteries for electric vehicles said o...

LANDS & AGRICULTURE

Donkey abattoir: An investment that never was

LAST October, the news of a donkey abattoir opening here sent tongues wagging and elicited mixed feelings from a cross-section of society.It sounded bizarre to Zimbabweans, to whom donkey meat is tabo...

TELECOMS & TECHNOLOGY

Zimbabwean billionaire acquires stake in iflix

KWESE, the pay-Tv company founded by Zimbabwean billionaire Strive Masiyiwa, has acquired a significant stake in iflix Africa, a subscription-based video-on-demand service provider with its focus on e...