MINING & RETAIL

Zimasco to invest $80m in expansion projects

Zimasco will invest an estimated US$80 million in new furnace smelting capacity in the medium-term as part of the mining giant's expansion plans, a company official has said.Company spokesperson Clara...

By Staff reporter | Published: 16 February 2018

INDUSTRIALS & ENERGY

Mystery CFI offer baffles market

An offer for CFI Holdings shares to the market is now shrouded in mystery after the company disowned the offer.This comes after the Zimbabwe Stock Exchange (ZSE) wrote to CFI Holdings asking it to cla...

By Staff reporter | Published: 16 February 2018

INDUSTRIALS & ENERGY

Pizza Hut struggles to get import permits

Quick services restaurant and international franchise Pizza Hut, which opened its doors early February says it has a few issues with securing import permits amid overwhelming demand for its products. ...

By Business Weekly | Published: 16 February 2018

MINING & RETAIL

Nyambirai invests $12m into Arcturus Mine

Businessman Tawanda Nyambirai is set to invest $12 million in Arcturus Mine, which he acquired from Metallon Gold Zimbabwe, amid revelations he is planning further investments into mining with explora...

By Business Weekly | Published: 16 February 2018

INDUSTRIALS & ENERGY

Nestlé Zimbabwe exports up 50%

Nestlé Zimbabwe's exports went up 50% in 2017 from the prior year on the back of increased production from its filling and packaging production lines commissioned last year.The company's manufacturin...

By Staff reporter | Published: 16 February 2018

TELECOMS & TECHNOLOGY

Zimpapers to launch TV station

ZIMBABWE Newspapers (Zimpapers) Limited is geared to launch its television station in line with its thrust to consolidate its status as the country's leading integrated media house.The idea for a tele...

By Staff reporter | Published: 16 February 2018

MINING & RETAIL

Duration Gold eyes 580kg output

DURATION Gold Limited targets to produce 580 kilogrammes of gold in 2018, up 29% compared to the figures achieved last year, an official said.Duration Gold country co-ordinating project manager, Ollie...

By Staff reporter | Published: 16 February 2018

Mnangagwa son in law's $3.5 million offer to PSL

LOCAL company Dr Dish have dangled a $3.5 million bid to the domestic Premier Soccer League (PSL) to acquire the top-flight league's media visual broadcasting rights from this year, in a ground-breaki...

By Staff reporter | Published: 16 February 2018

INDUSTRIALS & ENERGY

Afdis records 56% earnings growth

Spirits and wines maker, African Distillers Limited's (Afdis) says demand for its products remained buoyant but could not be fully satisfied due to the inconsistent supply of finished products owing t...

By Staff reporter | Published: 16 February 2018

MINING & RETAIL

ZimAlloys, Chinese firms in alluvial chrome pact

GWERU-based ferrochrome producer, Zimbabwe Alloys (ZimAlloys), has started exploiting alluvial concentrates, at its claims along the Great Dyke as it seeks to widen its revenue base. Alluvial chrome c...

By Staff reporter | Published: 16 February 2018

RTG launches mobile application

Hospitality concern, Rainbow Tourism Group (RTG), has launched an integrated mobile application RTG Gateway, a first for the industry that is expected to boost domestic tourism and enhance the ease of...

By Staff reporter | Published: 16 February 2018

LANDS & AGRICULTURE

Zimbabwe free of avian flu

Zimbabwe has reported it was now free of the highly pathogenic H5N8 bird flu that hit the country between May and August last year.Poultry producer Lanark, a commercial farm  25km south of the ca...

By Staff reporter | Published: 15 February 2018

MINING & RETAIL

Chimata signs letter of intent with Zim Lithium Co

Chimata Gold Corp is pleased to announce that it has entered into a binding letter of intent with Zimbabwe Lithium Company Limited, a privately held company incorporated under the laws of Mauritius. P...

By Chimata Gold Corp | Published: 15 February 2018

INDUSTRIALS & ENERGY

'Fuel prices still high'

The Confederation of Zimbabwe Industries (CZI) says the country's fuel and electricity prices are still high despite the recent government intervention to reduce taxes on the energy sector."The CZI En...

By Staff reporter | Published: 15 February 2018

TELECOMS & TECHNOLOGY

NetOne offers discounts on OneMoney transactions

Mobile telecommunications giant NetOne has introduced a promotion for its One Money customers, that will see them enjoying discounts for purchases made through the platform.Dubbed 8Time Promotion, it ...

By Staff reporter | Published: 15 February 2018

INDUSTRIALS & ENERGY

Bulawayo industries look up to Zisco revival

Industries in Bulawayo relying on steel products have appealed to government to speedily recapitalise giant steel producer Ziscosteel, to enable them to expand their operations.The remarks came in the...

By Staff reporter | Published: 15 February 2018

INDUSTRIALS & ENERGY

Simbisa eyes international acquisition

Quick service restaurant (QSR) group, Simbisa Brands Limited is looking to expand its business with the proposed acquisition of Foodfund Investments. Foodfund is a family owned business incorporated i...

By Staff reporter | Published: 15 February 2018

INDUSTRIALS & ENERGY

Forex crunch knocks vehicle sales

Sales for new vehicles in 2017 declined by 7,45% to 3 154 due to shortages in foreign currency to purchase newer vehicles. Vehicles are still considered as a non-priority on the foreign currency prior...

By Staff reporter | Published: 15 February 2018

INDUSTRIALS & ENERGY

Forex crunch knocks vehicle sales

Sales for new vehicles in 2017 declined by 7,45% to 3 154 due to shortages in foreign currency to purchase newer vehicles. Vehicles are still considered as a non-priority on the foreign currency prior...

By Staff reporter | Published: 15 February 2018

FINANCIAL SERVICES

Depositors with collapsed banks compensated

A total of 11,744 out of 54,909 depositors of six collapsed banks have each been compensated up to $500 from the Deposit Protection Fund.Official data seen by the ZBC News today indicate the depositor...

By Staff reporter | Published: 14 February 2018

TELECOMS & TECHNOLOGY

NetOne to unveil sponsorship

GIANT mobile telecommunications company NetOne are expected to end the speculation related to their football partnership with the country's Big Three football clubs when they unveil their landmark mil...

By Staff reporter | Published: 14 February 2018

LANDS & AGRICULTURE

Mealie Brand capacity hits 80%

MEALIE Brand, a division of the Zimbabwe Stock Exchange-listed Zimplow, has increased its capacity utilisation from 50 percent to 80 percent on the back of a good agricultural season the country exper...

By Staff reporter | Published: 14 February 2018

INDUSTRIALS & ENERGY

Lafarge to expand lime mining operations

Listed cement producer Lafarge Zimbabwe is looking to expand its operations as it is set to commence exploration drilling for lime within the next two months. It already has two mining operations wher...

By Staff reporter | Published: 14 February 2018

FINANCIAL SERVICES

Zim cryptocurrency exchange makes waves

Zimbabwe's only cryptocurrency exchange, Golix, has reached a massive milestone after it cleared over 2 000 customer support tickets in less than weeks. The company, which is known for allowing Zimbab...

By Staff reporter | Published: 14 February 2018

INDUSTRIALS & ENERGY

Ingwebu requires $100m war chest

Ingwebu Breweries which was unbundled last year needs more than $100 million to be fully turned around, Bulawayo City Council (BCC) mayor, Martin Moyo, has revealed.Ingwebu has been run under Bulawayo...

By Staff reporter | Published: 14 February 2018

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