Shabanie Mashaba Mine Holdings has started renewing contracts for its employees, amid revelations that the new Government is eager to see the asbestos giant back in operation.Shabanie Mine, which used...
Women and Youth Affairs Minister Sithembiso Nyoni says the much awaited Women's Bank is set to open next month and the Reserve Bank of Zimbabwe is in the process of inspecting its structures and other...
Work on the 600 megawatt extension of Hwange Power Station will start soon, after China reaffirmed its commitment to facilitate the $1,5 billion upgrade, among several other potential areas of trade a...
Africa-focused investment firm, Masawara Plc, has registered a $3,6 million profit in the half year to June 2017 up from $2,3 million in the same period in 2016. The group's insurance unit registered ...
Econet Wireless Zimbabwe (Econet) is set to become one of the first companies in Zimbabwe to set up a photovoltaic power plant at its premises in Willowvale for own consumption. The Zimbabwe Energy Re...
THE National Railways of Zimbabwe (NRZ) has entered into a $375 000 partnership with the Beitbridge-Bulawayo Railways (BBR) to refurbish 25 wagons in a move that is meant to boost NRZ's capacity to mo...
The Zimbabwe Mining Development Corporation will soon start mining its lithium deposits in Bikita, on the back of firming demand for the mineral on the global markets.This comes as Zimbabwe is experie...
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...
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