TRANSPORT & TOURISM

Ex-AirZim CEO sues for $42 000 terminal benefits

FORMER Air Zimbabwe chief executive officer Ripton Muzenda has taken the national carrier to court demanding over $42 801 in terminal benefits, four months after termination of his contract on allegat...

By Staff reporter | Published: 14 February 2018

MINING & RETAIL

Veteran miners jockeying for Zim comeback

Robert Mugabe's fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner -- and former England cricketer -- Phil E...

By Bloomberg | Published: 14 February 2018

INDUSTRIALS & ENERGY

Zisco investor to up production

Production at Zisco is set be twice what used to be produced when it reopens soon, Kwekwe town clerk Mr Emmanuel Musara has said. Briefing the Minister of State for Midlands Provincial Affairs Owen Nc...

By Staff reporter | Published: 14 February 2018

FINANCIAL SERVICES

Bank announces updates of its African bond index

The African Development Bank announces the update of its composite index available to Bloomberg Professional® service subscribers via {BADB Index}. The index enriched with two sub-indices (BADBC and ...

By Chawki Chahed | Published: 14 February 2018

LANDS & AGRICULTURE

CZI pushes for CSC revival

The Confederation of Zimbabwe Industries (CZI) Masvingo chapter says the government should prioritise the recapitalisation of the Cold Storage Commission (CSC) as many downstream industries stand to b...

By Staff reporter | Published: 13 February 2018

MINING & RETAIL

Zimbabwe to cut, polish diamonds in Botswana

President Mnangagwa says the Zimbabwe government is in talks with the Botswana government, which if successful, will see the country sending its diamonds to Botswana for cutting and polishing.Presiden...

By Staff reporter | Published: 13 February 2018

TELECOMS & TECHNOLOGY

Econet speaks on network disruption

ECONET Wireless Zimbabwe, the country's largest telecom operator, has said the disruption of service it experienced Monday morning was due to issues arising from some of its billing nodes.A company sp...

By Staff reporter | Published: 13 February 2018

INDUSTRIALS & ENERGY

Bata calls on RBZ to hike incentive

ZIMBABWE's largest shoe manufacturer, Bata Shoe Company, has called on the Reserve Bank of Zimbabwe (RBZ) to increase the export incentive to 15 percent to boost exports by local companies.The Central...

By Staff reporter | Published: 13 February 2018

TRANSPORT & TOURISM

Tourism sector lacks vision

The Zimbabwe tourism sector is operating without a vision, a situation that has hindered its growth for the past few decades, an executive has said. Addressing delegates at the National Tourism Strate...

By Staff reporter | Published: 13 February 2018

INDUSTRIALS & ENERGY

Beta Holdings under scrutiny

Brick and tile manufacturer, Beta Holdings has come under heavy scrutiny after it failed to deliver products to customers for periods that at times span over six months. This comes as some customers c...

By Staff reporter | Published: 13 February 2018

MINING & RETAIL

Hwange sets sights on exploiting methane

Coal miner, Hwange Colliery Company (HCC) on Sunday said it is looking for partners with the financial capacity to exploit untapped coal bed methane gas. HCC holds a 4 200 hectare coal bed methane con...

By Staff reporter | Published: 13 February 2018

FINANCIAL SERVICES

Stability stress tests for Zimbabwe banks

The Reserve Bank of Zimbabwe (RBZ) will start conducting comprehensive financial stability stress tests on the banking sector beginning September 2018 as it seeks to bring stability to the troubled se...

By Staff reporter | Published: 12 February 2018

LANDS & AGRICULTURE

Zim white farmers 'may soon be compensated'

The Zimbabwean government has reportedly set up a committee that will spearhead the process of compensating white farmers whose farms where seized during the country's controversial land reform progra...

By Staff reporter | Published: 12 February 2018

TRANSPORT & TOURISM

Rwanda Air granted flight rights to Zimbabwe

Government has granted traffic rights to rising airline, Rwanda Air, to service the Kigali-Harare-Cape Town route.The flights, given on a fifth freedom basis, will commence on May 16, this year.The fr...

By Staff reporter | Published: 12 February 2018

MINING & RETAIL

ZimAlloys $100m deal collapses?

There are fears that the Zimbabwe Alloys $100 million deal with Indian Investors Balasore Group could collapse amid indications that one of the Indian investors Pramod Mittal is embroiled in tax scan...

By Staff reporter | Published: 12 February 2018

FINANCIAL SERVICES

Zimpost exceeds revenue target, eyes 10% growth

State-owned postal services, Zimpost, last year exceeded its revenue target of $22 million and this year aims to grow it by 10%, the company's acting managing director, Sifundo Moyo, has said. Moyo sa...

By Staff reporter | Published: 12 February 2018

MINING & RETAIL

RBZ increases gold support facility

Buoyed by sterling performance of the gold sector last year, the Reserve Bank of Zimbabwe (RBZ) has increased the gold support facility to $150 million from $74 million that had been disbursed by Dece...

By Staff reporter | Published: 12 February 2018

TRANSPORT & TOURISM

NRZ equipment arrives from South Africa

A Total of 108 wagons and seven locomotives that were acquired from South Africa as part of the resuscitation of the National Railways of Zimbabwe (NRZ) have arrived in the country through Beitbridge ...

By Staff reporter | Published: 12 February 2018

INDUSTRIALS & ENERGY

Price of diesel 50 to drop

THE price of diesel 50 will drop from $1,36 per litre to $1,24 per litre when government phases out diesel 500, Energy minister Simon Khaya Moyo said on Wednesday.Responding to a question by Gokwe MP ...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

ZMF welcomes increase of gold support facility

THE Zimbabwe Miners' Federation (ZMF) has welcomed the Government's move to increase the gold support facility by 102 percent to $150 million saying this will increase gold production.Presenting the 2...

By Staff reporter | Published: 09 February 2018

TELECOMS & TECHNOLOGY

World's leading digital firms keen to invest in Zim

SOME of the world's top digital companies have shown interest in investing in Zimbabwe's Information Communication Technology (ICT) sector as the country continues to open its doors for business.A num...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

Metallon halts Mazowe mine operations

Metallon Gold Corporation has suspended mining operations at its Mazowe Gold Mine due to serious operational challenges. Information is that the gold mining group has been facing challenges that inclu...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

BNC seeks $6 million for Trojan smelter

Bindura Nickel Corporation says it will soon approach local banks to negotiate for $6 mln funding facilities it requires to complete the reconstruction of its Trojan Nickel smelter. Managing Director ...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

New mines law ready by end of March

Mines Minister Winston Chitando says government it will finalize the Mines and Minerals Amendment Bill into an Act by the end of March this year, with former Mines Minister Walter Chidhakwa partly bla...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

Zimbabwe thinks big on lithium

Government has started working on plans to build lithium testing laboratories in Kwekwe, as the demand for the rare earth mineral skyrockets on global markets, making it a potential game-changer for Z...

By Staff reporter | Published: 09 February 2018

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