LANDS & AGRICULTURE

Poultry sector seeks moratorium on egg imports

Poultry players have approached the government asking for the suspension of the 40% import duty on fertilised eggs to bridge the supply gap of day-old chicks created by the outbreak of avian influenza...

By Staff reporter | Published: 22 February 2018

TRANSPORT & TOURISM

NRZ eyes June target on $400m deal

The National Railways of Zimbabwe (NRZ) expects financial closure on the $400 million recapitalization deal with the Diaspora Investment Development Group (DIDG)/ Transnet Consortium by June 2018, an ...

By Staff reporter | Published: 22 February 2018

FINANCIAL SERVICES

StanChart to close seven branches

Standard Chartered Bank is set to close at least seven branches across the country due to the emergence of mobile and online banking platforms, which have taken a toll on banking sector jobs. The staf...

By Staff reporter | Published: 22 February 2018

TELECOMS & TECHNOLOGY

Kwesé TV acquires stake in iflix Africa

Econet Media's pan-African media company Kwesé TV has acquired a significant stake in iflix Africa to form part of its diverse broadcast offering, as the core vehicle to deliver seamless mobile exper...

By Staff reporter | Published: 22 February 2018

TRANSPORT & TOURISM

ZTA conducts room survey

ZIMBABWE Tourism Authority (ZTA) has started updating its data base for accommodation, tourist attractions and activities on offer in the Midlands province.Midlands has had a remarkable expansion in h...

By Staff reporter | Published: 22 February 2018

MINING & RETAIL

Hwange plans to wean off non-core activities

GOVERNMENT has hinted on plans to wean off non-core activities from Hwange Colliery Company Limited (HCCL) as part of measures to rescuscitate the ailing firm.Finance and Economic Development Minister...

By Staff reporter | Published: 22 February 2018

TELECOMS & TECHNOLOGY

Telecel to launch 'Bundle Mania' promotion

Mobile operator Telecel Zimbabwe has announced that it will be launching a point-based competition, Bundle Mania promotion, for registered subscribers who purchase WhatsApp, Facebook, MegaBoost and Wi...

By Staff reporter | Published: 22 February 2018

TRANSPORT & TOURISM

NRZ set to make $1.1 million monthly

THE National Railways of Zimbabwe (NRZ) is set to improve its monthly revenues by $1.1 million on the back of newly acquired equipment from South Africa under an interim arrangement with the parastata...

By Staff reporter | Published: 22 February 2018

MINING & RETAIL

TM to pay fired line managers

The Labour Court has ordered TM Supermarket to pay two line managers, who were fired in 2016 over $1 100 as a pro rata commission for 10 months, which the parties had agreed before the two were dismis...

By Staff reporter | Published: 22 February 2018

INDUSTRIALS & ENERGY

Zesa builds $7,5m plant for Beitbridge

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is building a $7,5 million sub-station to meet Beitbridge high's demand for power and about 25 000 residents are expected to bene...

By Staff reporter | Published: 22 February 2018

MINING & RETAIL

Unki in record FY17 production

ANGLO-AMERICAN Platinum's local unit Unki mine produced a record 165,900 platinum group mineral ounces in 2017, an increase of two percent from 162,000oz last year.The world's largest platinum produce...

By the source | Published: 22 February 2018

INDUSTRIALS & ENERGY

Zim's manufacturing sector crying for cheap funds

The country's manufacturing sector is crying for cheap funds for re-tooling to improve performance and production of quality goods, with little success.A number of companies in Zimbabwe, and Bulawayo ...

By Staff reporter | Published: 21 February 2018

TRANSPORT & TOURISM

Zim targets 2.8m tourist arrivals

ZIMBABWE has set a target of at least 2, 8 million foreign tourist arrivals by December compared to about 2, 4 million in 2017.Speaking during a provincial tourism stakeholders meeting held at the loc...

By Staff reporter | Published: 21 February 2018

MINING & RETAIL

Gold deliveries leap to 56%

ZIMBABWE'S gold deliveries rose by 56.4 percent to 2 558.9 kilogrammes last month compared to 1 636.5 kg during the same period last year, official figures show.Last year, small-scale gold producers a...

By Staff reporter | Published: 21 February 2018

MINING & RETAIL

Sabi Mine to clear $27m debt

Zvishavane-based Sabi Gold Mine is implementing various strategies aimed at clearing its $27 million debt, which has accumulated since 2014. Sabi has since returned to profitability and has started pa...

By Staff reporter | Published: 21 February 2018

INDUSTRIALS & ENERGY

Pizza Hut launched in Zimbabwe

PIZZA Hut, an American restaurant franchise, launched in Zimbabwe last week with plans to open two more outlets, as it joins the competitive Zimbabwean fast food sector.It opened at the Ster Kinekor m...

By Staff reporter | Published: 21 February 2018

MINING & RETAIL

Zim seeks investors at mining meet

The Chamber of Mines of Zimbabwe with support from the Mines and Mining Development ministry will next week host the Zimbabwe Mining Investment Conference to attract foreign direct investments into th...

By Staff reporter | Published: 21 February 2018

MINING & RETAIL

Ferrochrome, coal output growth projected

The Chamber of Mines is projecting robust growth in ferrochrome and coal output this year underlined by an improved operating environment as well as sound investments in these sectors.Being home to th...

By Staff reporter | Published: 21 February 2018

TELECOMS & TECHNOLOGY

Potraz cracks whip on NetOne over Onefusion blunder

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has directed NetOne to compensate all subscribers who lost airtime on the Onefusion package over the weekend due to a faulty...

By Staff reporter | Published: 20 February 2018

MINING & RETAIL

Mashaba Mine secures $14m for reopening

Mashaba Asbestos Mine in Mashava is set to reopen after the firm managed to mobilise $14 million for recapitalisation, amid indications that more than 1 400 direct jobs will be created when operations...

By Staff reporter | Published: 20 February 2018

INDUSTRIALS & ENERGY

Simbisa expansion tipped to bear fruit

Quick service restaurant operator Simbisa Brands' decision to buy Dubai-based firm Food Fund will help unlock shareholder value, market experts have said. This was after Simbisa, which has restricted ...

By Staff reporter | Published: 20 February 2018

TRANSPORT & TOURISM

New locos and waggons for NRZ on lease

Locomotives, wagons and coaches delivered by the Diaspora Infrastructure Development Group (DIDG) to National Railways of Zimbabwe (NRZ), under a $400 million deal, are on lease while new ones are exp...

By The Herald | Published: 20 February 2018

MINING & RETAIL

Shabanie Mine management speaks on re-opening

Shabanie Mine management says the re-opening of the entity is dependent upon a successful revival of its Mandava subsidiary.There is commitment from stakeholders that Shabanie Mine which closed busine...

By Staff reporter | Published: 19 February 2018

INDUSTRIALS & ENERGY

Fuel prices trek upwards

FUEL prices have marginally increased in the country - by between 1c and 4c in the last two weeks - despite a recent drop in prices of up to 15 percent on the international market.Oil prices shot to $...

By staff reporter | Published: 19 February 2018

TRANSPORT & TOURISM

Mnangagwa to commission leased NRZ equipment

President Emmerson Mnangagwa will on Wednesday commission equipment leased by the National Railways of Zimbabwe (NRZ) from Transnet.The equipment, comprising 13 locomotives, 200 wagons and 34 coaches,...

By Staff reporter | Published: 19 February 2018

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