INDUSTRIALS & ENERGY

Jaggers disposes of Ardbennie building

Former Jaggers Wholesalers building in Ardbennie is set to go under the hammer on Saturday in the ongoing liquidation of the country's largest wholesaler.The sell is meant to raise money to pay credit...

By Staff reporter | Published: 24 January 2018

MINING & RETAIL

SA firm to construct Unki smelter

A SOUTH Africa-based foundry and engineering company, Thos Begbie has won a tender to construct a smelter for Unki, one of the platinum mines in Zimbabwe.Following the awarding of the tender last year...

By Staff reporter | Published: 24 January 2018

INDUSTRIALS & ENERGY

Industry welcomes fuel duty reduction

CAPTAINS of industry have welcomed the reduction of excise duty on fuel saying this will see the pump price going down as well as reducing the cost of production in the manufacuring sector.In the pas...

By Staff reporter | Published: 24 January 2018

MINING & RETAIL

Firm seeks $700m for coal-bed methane production

One of the three firms granted a coal-bed methane concession by Government in Lupane, Matabeleland North Province, Discovery Investments, has said it required about $700 million to start commercial ga...

By Staff reporter | Published: 24 January 2018

LANDS & AGRICULTURE

Zimbabwe tobacco under threat

TOBACCO, Zimbabwe's largest foreign currency earner is under threat after main international buyers resolved not to accept tobacco cured using coal citing environmental concerns.Recently, the Global T...

By Staff reporter | Published: 24 January 2018

MINING & RETAIL

EMA reviews rules for miners

The Environmental Management Authority has started reviewing its licensing regulations for the extractive industry as part of efforts to encourage formalisation of small-scale mining under Government'...

By Staff reporter | Published: 24 January 2018

INDUSTRIALS & ENERGY

Govt announces new fuel prices

Government has ordered players in the petroleum industry to reduce fuel prices with immediate effect to $1,35 per litre for petrol, $1,23 per litre for diesel and $1,17 for paraffin following the redu...

By Staff reporter | Published: 24 January 2018

LANDS & AGRICULTURE

Crop situation gets dire

Erratic rains and high temperatures being experienced countrywide have resulted in crops wilting, with farmers in some areas already counting losses as their maize is now a write off.The worst affecte...

By Staff reporter | Published: 24 January 2018

TRANSPORT & TOURISM

AUC to launch single air transport network

The African Union Commission is set to launch the Single African Air Transport Market (SAATM) in Ethiopia next week, the first AU Agenda 2063 flagship project.The launch of SAATM comes nearly two deca...

By Staff reporter | Published: 24 January 2018

TRANSPORT & TOURISM

'Tourist arrivals to surpass 2,5m in 2018'

THE tourism sector in Zimbabwe is expected to grow by more than 20% in 2018, with tourist arrivals surpassing 2,5 million due to renewed confidence in the destination triggered by the recent change of...

By Staff reporter | Published: 24 January 2018

INDUSTRIALS & ENERGY

Hwange Power Station output increases to 661MW

POWER generation at Hwange Thermal Power Station has increased to 661 megawatts (MW) following the completion of refurbishment works at one of its units which had been inactive for years, Energy minis...

By Staff reporter | Published: 24 January 2018

FINANCIAL SERVICES

RBZ pays Time Bank US$10m

THE Reserve Bank of Zimbabwe (RBZ) has paid US$10 million in Treasury Bills (TBs) to the soon-to-reopen Time Bank in a bid to end a nearly two-decade-long dispute with the commercial bank which is eye...

By Staff reporter | Published: 23 January 2018

FINANCIAL SERVICES

StanChart invests $7.1m in branch modernisation

Standard Chartered Bank (StanChart) says the opening of its relocated Avondale branch underscores the financial institution's commitment to provide an ambient and convenient banking environment for it...

By Staff reporter | Published: 23 January 2018

MINING & RETAIL

Govt rubbishes $15bn diamond theft reports

Claims by former president Robert Mugabe that the country lost $15 billion worth of diamond revenue were divorced from the actual facts on the ground, Finance minister Patrick Chinamasa told the Natio...

By Staff reporter | Published: 23 January 2018

TELECOMS & TECHNOLOGY

Mlotshwa takes over Dr Dish

KTULU Nominees, representing private family interests of prominent lawyer, Gerald Mlotshwa, has emerged as the single largest shareholder in Dr Dish following a deal signed over the weekend.The transa...

By Staff reporter | Published: 23 January 2018

TELECOMS & TECHNOLOGY

Kwese TV taken to court

DR Dish Private (Ltd) says it is pursuing various options after Econet Media-owned Kwese TV severed ties with the company, while assuring its subscribers that they will not be left stranded.This comes...

By Staff reporter | Published: 23 January 2018

TELECOMS & TECHNOLOGY

Reprieve for Zimbabwe telecom operators

Postal and telecommunication operators can now pay their licence fees in instalments after struggling to make once-off payments due to the harsh economic environment, the Postal and Telecommunications...

By Staff reporter | Published: 23 January 2018

CONSTRUCTION & PROPERTY

Zimre secures approval to list on BSE

ZIMRE Holdings has secured regulatory approvals to consolidate its regional reinsurance assets into an entity that will list on the Botswana Stock Exchange (BSE).The regional operations include the wh...

By Staff reporter | Published: 23 January 2018

INDUSTRIALS & ENERGY

'Zisco debt must be audited'

Government should conduct an audit to ascertain how the $380 million Zimbabwe Iron and Steel Company debt was accrued, lobby group The Zimbabwe Coalition on Debt and Development (ZIMCODD) has said.Fin...

By Staff reporter | Published: 23 January 2018

INDUSTRIALS & ENERGY

Merlin readies to resume production

TEXTILE manufacturing concern, Merlin has stockpiled 25 tonnes of yarn at its factory in Bulawayo as it prepares to resume production next month.The company suspended production long back and has been...

By Staff reporter | Published: 23 January 2018

INDUSTRIALS & ENERGY

Duty on fuel reduced

Government yesterday reduced excise duty on fuel, in a move expected to result in a decline in prices of basic goods, as high production cost structures were being partly attributed to high fuel price...

By Staff reporter | Published: 23 January 2018

LANDS & AGRICULTURE

Dendairy to expand plant operations

Local milk processor, Dendairy, will expand its plant operations by setting up two new factories as the company seeks to expand its footprint on the export market.The expansion of the plant operations...

By Staff reporter | Published: 19 January 2018

MINING & RETAIL

Fidelity extends loan to miners

Fidelity Printers and Refiners (FPR) has so far extended loans to over 300 small-scale artisanal miners across the country, under the Gold Development Fund as uptake of the facility is increasing on r...

By Staff reporter | Published: 19 January 2018

FINANCIAL SERVICES

Zimbabwe banks reject EU financial bailout

Zimbabwean banks have since last year been rejecting access to credit facilities from European banks for on-lending to productive sectors, citing the possibility of failure to repay the loans because ...

By Staff reporter | Published: 19 January 2018

FINANCIAL SERVICES

ZB to float $50m bond for urban tollgates

ZB Financial Holdings is in discussion with Harare City Council (HCC) to fund urban tollgates in the next few months to raise money for road rehabilitation and maintenance in and around the city. ZB i...

By Staff reporter | Published: 19 January 2018

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