LANDS & AGRICULTURE

Poultry industry on the rebound

THE poultry industry in Zimbabwe, which nearly got decimated by bird flu last year is on a recovery path, but is seriously weighed down by the prevailing high cost of stockfeed which has pushed small-...

MINING & RETAIL

ZMDC to reopen idle mines

THE Zimbabwe Mining Development Corporation is inviting tenders from private partners as it seeks to reopen at least six mines that had been lying idle for several years due to a number of factors, ch...

TRANSPORT & TOURISM

$253m for airports upgrade

The Civil Aviation Authority of Zimbabwe (Caaz) is working on plans to splash millions of dollars on airport development and refurbishment as it seeks to spur economic activities such as tourism and t...

MINING & RETAIL

Illegal gold dealers under investigation

Fidelity Printers and Refiners is investigating registered gold buying agents amid indications of rampant black market dealings which could be prejudicing Zimbabwe of millions of dollars.Responding to...

MINING & RETAIL

Sabi targets 70kgs of gold per month

SABI Gold Mine plans to ramp up gold output to 70kgs per month, but only if it can access US$6 million from the Reserve Bank of Zimbabwe (RBZ), with which it seeks to purchase key consumables.The mine...

TRANSPORT & TOURISM

Govt to refurbish Hwange National Airport

GOVERNMENT is planning to refurbish the underutilised Hwange National Park Airport into an international facility with some investors already showing interest in the project, a Cabinet Minister has sa...

Mnangagwa intervenes in salary dispute

PRESIDENT Emmerson Mnangagwa has intervened in a labour dispute between Hwange Colliery Company Limited (HCCL) and its employees which had seen the workers' spouses protesting since Monday.Wives of HC...

TRANSPORT & TOURISM

Zupco tainted lease agreement

GIFT Investments has continued occupying the Zimbabwe United Passenger Company (Zupco)'s property in Southerton despite the termination of its lease agreement with the bus company by the High Court la...

MINING & RETAIL

Zimbabwe mining indaba for Cape Town

FINANCE minister Patrick Chinamasa and his Mines counterpart, Winston Chitando, are headed to South Africa for a mines indaba set for Tuesday in Cape Town, as the country is aggressively searching for...

MINING & RETAIL

Kingstons liquidation lifted

GOVERNMENT-OWNED stationery retailer Kingstons Holdings could soon face an avalanche of lawsuits and writs of execution after the High Court revoked its provisional liquidation status.Kingstons was pl...

MINING & RETAIL

Zimbabwe mining sector needs $780m

ZIMBABWE'S mining sector requires an estimated US$777 million to sustain operations and ramp up production this year, businessdigest has learnt.By September last year, local finance houses had extende...

TRANSPORT & TOURISM

New trains for NRZ

THE framework agreement of the National Railways of Zimbabwe's (NRZ) US$400 million recapitalisation tender has been signed, allowing a consortium, which won the tender, to immediately dispatch wagons...

MINING & RETAIL

PanAf bids for Zim's Freda-Rebecca gold mine

PAN African Resources (PanAf), a JSE-listed gold producer, has emerged as the company interested in buying the assets of Zimbabwe's ASA Resource Group, a base metals and gold firm.Panaf said earlier o...

FINANCIAL SERVICES

Time Bank regains lost land

Time Bank has regained over 600 hectares of land, held through sister company Water Mount Estates; which had been lost to farmers who were irregularly allocated the land under the land reform programm...

MINING & RETAIL

Zim Lithium project gets funding boost

Australian based mining firm  Prospect Resources on Wednesday said it has raised $10 million via a  private placement of 166 million shares, which will be used to accelerate development of i...

MINING & RETAIL

Colliery to honour employee creditors' agreement

HWANGE Colliery Company Limited (HCCL) has assured its employee creditors that it will comply with the provisions of a scheme of arrangement agreed upon last year.The firm's scheme of arrangement was ...

INDUSTRIALS & ENERGY

Govt to reduce electricity tariffs

Government plans to reduce power tariffs to below what is charged by its regional counterparts in a bid to improve the country's competitiveness.The average regional price stands at 7.50c/kWh compared...

FINANCIAL SERVICES

Global Banks shun Zimbabwe

Zimbabwe has over the past few years lost 102 correspondent banking relationships due to high country risk, Reserve Bank of Zimbabwe Governor Dr John Mangudya said.Correspondent banking represents the...

INDUSTRIALS & ENERGY

No need for CFI rights issue

British business tycoon Nicholas van Hoogstraten has ruled out a rights issue and borrowings at the diversified concern CFI Holdings Ltd, saying his family will provide any funding requirements at the...

LANDS & AGRICULTURE

White farmers urged to apply for land leases

Government has urged white farmers to apply for land leases as the process will not be based on race or religion, an official has said. Addressing white farmers at Mbuya Nehanda Hall in Marondera on W...

MINING & RETAIL

ZimAlloys to recruit over 500 people

MIDLANDS-BASED ferrochrome producer, ZimAlloys is set to recruit over 500 workers within the first 18 months of operating under a new investor.ZimAlloys, which was placed under judicial management in ...

MINING & RETAIL

Zimplats revenue up 80%

Zimbabwe's largest platinum producer Zimplats Holdings Limited's revenue for the quarter ended December 30, 2017 jumped 80 percent to $184 million from the previous quarter on the back of sale of conc...

FINANCIAL SERVICES

Stanbic Bank wins $6m lawsuit

Stanbic Bank Zimbabwe has been awarded $6 million after successfully suing a construction company for failure to honour an overdraft facility arrangement.The bank entered into a financial deal with CE...

MINING & RETAIL

Trade Kings detergent plant nears completion

TRADE Kings Zimbabwe, a local fast moving consumer goods (FMCG) manufacturer and distributor, expects to complete construction of its paste detergent plant by end of this month, an executive has said....

MINING & RETAIL

Zim to entice investors at Mining Indaba

THE upcoming Mining Indaba in South Africa will present a platform for the new administration in Zimbabwe to attract investments into the country.One of the most-eagerly anticipated events at the foru...