TRANSPORT & TOURISM

RTG mulls expansion

LISTED hospitality group Rainbow Tourism Group is aggressively looking for expansion opportunities on projected growth in room demand after recent political developments that have brought a new ray of...

INDUSTRIALS & ENERGY

Simbisa garners for UAE fast food chain

THE Zimbabwe Stock Exchange-listed quick service operator, Simbisa Brands, is seeking to acquire the United Arab Emirates-based fast food group, Foodfund.Last month, Simbisa also announced that it was...

LANDS & AGRICULTURE

Tobacco hectarage declines 5.5%

THE area planted under the tobacco crop in the 2017/18 cropping season has declined by 5.5 percent to 104 397 hectares from 110 518ha during the same period last year, official figures show.The declin...

FINANCIAL SERVICES

RBZ passes forex buck to banks

The Reserve Bank of Zimbabwe (RBZ) cannot approve or stop companies from accessing foreign currency, as it is the prerogative of banks which control 70% of the forex, the central bank's deputy governo...

FINANCIAL SERVICES

ZB eyes $20m export facility

ZB Financial Holdings Limited is close to finalising a $20 million export facility from a regional institution aimed at supporting exporters.Speaking to NewsDay after the ZB Financial Holdings analyst...

MINING & RETAIL

'KP should audit Marange diamonds'

ZIMBABWE should invite the Kimberly Process (KP) to see if the country's diamond sector still meets the minimum requirements to mine and trade in the gems, a top civil society official has said.Zimbab...

LANDS & AGRICULTURE

99-year lease unattractive to former farmers

COMMERCIAL Farmers Union of Zimbabwe (CFU) has said that the country's new 99-year lease document is voluminous about three times the length of Zambia's equivalent, making it difficult to attract inte...

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...

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...

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. ...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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 ...

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...

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...

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...