GWERU-BASED poultry producer Fairhill Chickens will this year increase its slaughtering capacity by 150 percent to 30 000 birds daily driven by a new abattoir set to be commissioned in the first quart...
AIM-listed Premier African Minerals says it is in discussions with the National Indigenisation and Economic Empowerment Board (NIEEB) to agree on alternative financing options for the cash-strapped RH...
Agribank, the country's premier agriculture finance institution, has mobilised over US$100 million to fund the 2017-18 summer cropping season, which in some cases can be obtained without collateral. T...
THE area put under tobacco in the 2017/18 cropping season has declined by 2.5 percent to 79 335 hectares on last year's figures.Latest statistics from the Tobacco Industry and Marketing Board (TIMB) s...
STATE-OWNED mobile telecommunication operator NetOne has embarked on a drive to recruit an additional 1 000 agents to be part of its OneMoney team.NetOne public relations officer, Mr John Nyashanu, to...
THE Government's plan to facilitate the re-opening of Auto Tyres Zimbabwe (ATZ), formerly Dunlop, in the first quarter of this year has hit a snag after workers were issued with retrenchment letters l...
BULAWAYO-BASED textile giant, Merlin has re-opened following the implementation of a business rescue strategy involving immediate injection of $2.1 million minimum working capital by one of the firm's...
ZIMBABWE Stock Exchange listed miner, RioZim, has refuted reports it intends to retrench scores of workers at its recently acquired Dalny Mine saying that it had infact employed new people it the once...
Cement maker Lafarge Africa could put up its South African unit for sale this year and potentially use the proceeds to strategically shore up and stabilise its Nigerian business, experts have said, si...
Zimbabwean tycoon Mr Shingai Mutasa has shelled out £15,2 million (US$20,5 million) to assume control over a sprawling business empire that has fertiliser manufacture Sable Chemicals and the Cresta G...
ONE of Hwange's biggest infrastructural projects funded to the tune of $6 million by the Infrastructural Development Bank of Zimbabwe (IDBZ) has started.Speaking after a tour with officials from the M...
CFI Holdings Limited board member, Shingirai Chibanguza survived an ouster bid, while Hamish Rudland resigned from the company's board on Tuesday ahead of yesterday extraordinary general meeting (EGM)...
A STRIKE by more than 700 workers at Turk Mine in Bubi District over salary arrears of about six months reached day 24 yesterday.They have been staging sit-ins and blocking any movement at the mine ga...
AFRASIA Bank Zimbabwe says it will not be able to pay its creditors this year due to ongoing legal proceedings and an acute shortage of money on the market, which have delayed liquidation of the colla...
DIVERSIFIED communications firm, TelOne, recorded a 6,3 percent jump in revenue in the third quarter of 2017 largely driven by voice and Internet services, the postal and telecommunications sector per...
THE debt-ridden Zimbabwe Electricity Supply Authority (Zesa) has written to government lobbying for a tariff hike with effect from next month amid reports the national power utility is technically ins...
A plan to re-open a smelter at Bindura Nickel Corporation (BNC)'s Trojan Nickel Mine has stalled after the company ran out of funding, an offical has said.BNC managing director Batirai Manhando told a...
Zimbabwe's largest seed producer, SeedCo, says it is targeting to increase maize production in the small-holder sector by 275% from the current 0.8 tonnes to 3.0 tonnes. SeedCo Zimbabwe managing direc...
British tycoon Nicholas Van Hoogstraten seems to have won the battle for the control of CFI Holdings after coming to the rescue of Shingirayi Chibhanguza this week with 52% of the group's shareholders...
THE $400 million National Railways of Zimbabwe (NRZ) recapitalisation deal will be finalised in the first quarter of 2018, Finance and Economic Planning Minister Patrick Chinamasa has said.A consortiu...
LITHIUM producers, who are riding the wave of increased global demand and rising prices, have been jolted by a raft of tax measures proposed by Finance Minister Patrick Chinamasa last week, to drive l...
THE Zimbabwe Stock Exchange listed property investment and development concern, Mashonaland Holdings (Mashold) Limited, has fired two top executives who were on suspension for financial irregularities...
BINDURA Nickel Corporation (BNC) says it has begun scouting for third party producers to process their concentrate under toll manufacturing deals at its soon to be completed $26,5 million smelter at T...
AT least 630 of the country's 800 mines are projecting strong growth in 2018, riding on anticipated policy reforms under President Emmerson Mnangagwa's new administration and aggressive expansion by "...
ZB FINANCIAL Holdings Limited chief executive officer Ronald Mutandagayi has bounced back as board chairman of Mashonaland Holdings (Mashold) following the ouster of Michael Mahachi.ZB is the largest ...