MINING & RETAIL

Small-scale miners want SA rand

MINING suppliers are lobbying government to adopt the rand as South Africa was the country's biggest trading partner, in its attempt to kick-start the economy.The Zimbabwe Miners' Federation (ZMF) sai...

By Staff reporter | Published: 15 January 2018

MINING & RETAIL

Miners to lobby Govt

THE Zimbabwe Miners' Federation (ZMF) says it will lobby the Government to release the $50 million loan meant to facilitate the revival of Bulawayo companies that manufacture mining equipment.The loan...

By Staff reporter | Published: 15 January 2018

TRANSPORT & TOURISM

Tourism sector poised for growth

Government has identified projects and programmes to sustain growth in the tourism sector as part of the 100-day targeted plan driven by President Emmerson Mnangagwa.Briefing stakeholders in the touri...

By Staff reporter | Published: 15 January 2018

LANDS & AGRICULTURE

Tobacco registrants hit 100 000 mark

Tobacco farmers' registration has reached the 100 000 mark, an increase of 40 percent, the Tobacco Industry and Marketing Board's latest weekly bulletin has revealed.According to the TIMB statistics, ...

By Staff reporter | Published: 15 January 2018

MINING & RETAIL

Miners scramble for Gold Development Fund

The Gold Development Fund (GDF) that was introduced by the Reserve Bank of Zimbabwe to capacitate small-scale gold miners, has been oversubscribed resulting in $80 million being disbursed to miners la...

By Staff reporter | Published: 15 January 2018

INDUSTRIALS & ENERGY

Govt to build service stations in Harare, Masvingo

The State Procurement Board (SPB) has invited qualified contractors to submit sealed bids for construction of service stations in Masvingo and Harare.The tender invites are contained in a Government G...

By Staff reporter | Published: 14 January 2018

TRANSPORT & TOURISM

NRZ-BBR in wagons refurbishment deal

THE National Railways of Zimbabwe (NRZ) has entered into an agreement to refurbish 25 of its wagons at a cost of $375 000 for use by Bulawayo-Beitbridge Railways (BBR).NRZ public relations manager Mr ...

By Staff reporter | Published: 14 January 2018

MINING & RETAIL

'Minister looted Chiadzwa diamonds'

The Zimbabwe Anti-Corruption Commission has opened fresh investigations into former Mines and Mining Development Minister Walter Chidhakwa over diamonds that allegedly disappeared from Government vaul...

By Staff reporter | Published: 14 January 2018

TELECOMS & TECHNOLOGY

Kwese licence limbo sparks unease

Econet Media has reportedly activated its "contractual termination clause" with Dr Dish, the licence holder on the back of whom they were running their Kwese TV services in Zimbabwe.This has had the e...

By Staff reporter | Published: 14 January 2018

MINING & RETAIL

Shabanie and Mashaba Mine to be resuscitated

Government plans to raise funds to resuscitate Shabanie and Mashaba Mine (SMM) in Zvishavane from the sale of reprocessed dump, which is expected to result in the immediate employment of 350 workers.M...

By Staff reporter | Published: 14 January 2018

TELECOMS & TECHNOLOGY

NetOne recruits 1000 ambassadors

Mobile telecommunications giant, NetOne, is recruiting over 1 000 brand ambassadors nationwide to market its mobile money platform, OneMoney.The recruitment exercise has been completed in Harare and B...

By Staff reporter | Published: 12 January 2018

FINANCIAL SERVICES

'Banks have right to refuse opening accounts'

FINANCE deputy minister Terrence Mukupe has said banks have the right to refuse opening accounts for new clients as they are private enterprises.Responding to MDC-T legislator Bacilli Majaya in the Na...

By Staff reporter | Published: 12 January 2018

LANDS & AGRICULTURE

Tobacco selling season set to delay

THE Tobacco Industry and Marketing Board (TIMB) says opening of the 2018 selling season is likely to delay due to the late onset of the rains as most of the crop is still in the fields.Under normal ci...

By Staff reporter | Published: 12 January 2018

MINING & RETAIL

Zimbabwe to resume diamond sales

Zimbabwe is planning to resume auction of diamonds next month, having suspended sales in February last year following the merger in 2016 of companies previously operating in the Chiadzwa area of Maran...

By New Ziana | Published: 12 January 2018

FINANCIAL SERVICES

ZB Financial Holdings headed for split

THE ZB Financial Holdings (ZBFH) group is headed for a split amid indications that one of its major shareholder, Nicholas Vingirai wants out.Vingirai, who through his Transnational Holdings Limited (T...

By Staff reporter | Published: 12 January 2018

TRANSPORT & TOURISM

Air Zimbabwe set to get new planes

THE Ministry of Transport and Infrastructural Development plans to buy three Embraer ERJ145 aircraft for Air Zimbabwe at a cost of US$6 million and lease two other similar aircraft which will ply rout...

By Staff reporter | Published: 12 January 2018

TELECOMS & TECHNOLOGY

State moves to retire TelOne debt

Government has committed itself to take up TelOne's legacy debt under a debt warehousing initiative as the money owed continues to weigh on the company's operations.Cabinet in July approved the assump...

By Staff reporter | Published: 12 January 2018

LANDS & AGRICULTURE

Seed Co waits on RBZ for external listing plans

Regional seed producer, Seed Co is awaiting exchange control approval to proceed with plans to list the group's external business, aimed at raising funding to finance growth, chief executive Morgan Nz...

By Staff reporter | Published: 12 January 2018

CONSTRUCTION & PROPERTY

Turnall on the brink of bankruptcy

Roofing and piping products manufacturer, Turnall Holdings, has approached the RBZ seeking a $10 million bailout package it requires to retire toxic debt. Turnall is saddled by a $15 million debt, whi...

By Staff reporter | Published: 12 January 2018

TELECOMS & TECHNOLOGY

Govt to build +300 base stations countrywide

More than US$60 million will be invested in the establishment of at least 300 base stations across the country this year by mobile network operators as infrastructure sharing gathers momentum, a top g...

By Staff reporter | Published: 11 January 2018

TELECOMS & TECHNOLOGY

Kangai arrested

NetOne's ex-managing director Mr Reward Kangai was yesterday arrested by the Zimbabwe Anti-Corruption Commission (ZACC) on allegations of abuse of power during his tenure at the country's second-bigge...

By Staff reporter | Published: 11 January 2018

INDUSTRIALS & ENERGY

Merlin recruits ex-workers

BULAWAYO-BASED textile concern, Merlin has embarked on a gradual re-employment of ex-workers having so far engaged 60 employees from the maintenance department as it re-opens.The manufacturing firm, w...

By Staff reporter | Published: 11 January 2018

LANDS & AGRICULTURE

Tobacco growers up 40%

TOBACCO growers' registration for the 2017/18 cropping season has increased by 40 percent to 113 530 from 81 172 during the comparable period last year.Latest statistics from the Tobacco Industry and ...

By Staff reporter | Published: 10 January 2018

INDUSTRIALS & ENERGY

Simbisa seeks regulatory approval

THE Zimbabwe Stock Exchange (ZSE)-listed quick service restaurant business, Simbisa Brands is seeking regulatory approval for a secondary listing on the Alternative Investments Market in London as par...

By Staff reporter | Published: 10 January 2018

MINING & RETAIL

Zimplats invests $264m in new mine

ZIMBABWE'S largest platinum miner, Zimplats  says it is investing $264 million in the development of a new mine to replace Rukodzi and Ngwarati mines that are facing depletion in the next four an...

By Staff reporter | Published: 10 January 2018

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