MINING & RETAIL

Shabanie Mine set to reopen

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...

By Staff reporter | Published: 10 January 2018

FINANCIAL SERVICES

Women's bank opens next month

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...

By Staff reporter | Published: 10 January 2018

INDUSTRIALS & ENERGY

Hwange $1,5bn upgrade gets China boost

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...

By Staff reporter | Published: 10 January 2018

INDUSTRIALS & ENERGY

Masawara in $3,6 million profit

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 ...

By Staff reporter | Published: 10 January 2018

TELECOMS & TECHNOLOGY

Econet ventures into solar energy

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...

By Staff reporter | Published: 09 January 2018

TRANSPORT & TOURISM

BBR/NRZ in wagon refurbishment deal

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...

By Staff reporter | Published: 09 January 2018

MINING & RETAIL

ZMDC sets eyes on Bikita lithium mining

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...

By Staff reporter | Published: 09 January 2018

LANDS & AGRICULTURE

Fairhill Chickens to increase slaughtering capacity

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...

By Staff reporter | Published: 09 January 2018

MINING & RETAIL

Premier African Minerals in funding discussions

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...

By Staff reporter | Published: 09 January 2018

FINANCIAL SERVICES

Agribank's $100m agric kitty

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...

By Staff reporter | Published: 08 January 2018

LANDS & AGRICULTURE

Tobacco hectarage declines 2.5%

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...

By Staff reporter | Published: 08 January 2018

TELECOMS & TECHNOLOGY

NetOne to recruit more agents

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...

By Staff reporter | Published: 08 January 2018

INDUSTRIALS & ENERGY

ATZ workers served with retrenchment letters

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...

By Staff reporter | Published: 08 January 2018

INDUSTRIALS & ENERGY

Merlin re-opens

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...

By Staff reporter | Published: 08 January 2018

MINING & RETAIL

'RioZim not retrenching'

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...

By Staff reporter | Published: 08 January 2018

INDUSTRIALS & ENERGY

'Sale of Lafarge Africa's SA unit may be on cards'

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...

By Staff reporter | Published: 08 January 2018

INDUSTRIALS & ENERGY

Shingi Mutasa acquires Sable Chemicals

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...

By Staff reporter | Published: 08 January 2018

FINANCIAL SERVICES

Hwange, IDBZ $6m project kicks off

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...

By Staff reporter | Published: 17 December 2017

INDUSTRIALS & ENERGY

Chibanguza survives ouster bid, Rudland quits

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)...

By Staff reporter | Published: 15 December 2017

MINING & RETAIL

Turk Mine workers' pay strike enters 24th day

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...

By Staff reporter | Published: 15 December 2017

FINANCIAL SERVICES

Defunct AfrAsia bank fails to pay creditors

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...

By Staff reporter | Published: 15 December 2017

TELECOMS & TECHNOLOGY

TelOne in 6,3% revenue jump

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...

By Staff reporter | Published: 15 December 2017

INDUSTRIALS & ENERGY

Debt-ridden Zesa seeks tariff hike

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...

By Staff reporter | Published: 15 December 2017

MINING & RETAIL

Lack of funding stalls Trojan mine smelter

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...

By Staff reporter | Published: 15 December 2017

LANDS & AGRICULTURE

SeedCo Zim targets 275% maize growth

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...

By Staff reporter | Published: 15 December 2017

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