THE Zimbabwe Energy Regulatory Authority (Zera) has said players who have the capacity to do mandatory blending should apply for licences, as the regulations were open for more players.Zera chief exec...
DEFUNCT textile firm Merlin Limited has expressed readiness to resume operations on a joint venture basis and hopes to exit judicial management within 12 months of operations.The Bulawayo-based entity...
Ex-Dimension Data chairman Andile Ngcaba is taking his former paymaster to the Commission for Conciliation, Mediation and Arbitration over alleged "discrimination and unfair remuneration practices".A...
Railway infrastructure development is an important building block to improving trade across the Southern Africa Hinterland Territories, which comprises three landlocked countries; Malawi, Zimbabwe and...
The pensions industry recorded total income of $112 million in the first quarter ended March this year attributable to contributions, rental and investment income, the sector regulator has said.The In...
Zimbabwe's largest platinum miner, Zimplats has recorded impressive strides on its productive capacity at a record 6.4 million tonnes per annum as the firm focuses on volumes to hedge against subdued...
Statutory pension fund, National Social Security Authority (Nssa), is set to increase its shareholding in Starafricacorporation (Starafrica).This was after the sugar producer said it wants to offer Ns...
Financial services group, FBC Holdings (FBCH), said it is now reaping rewards from its investments in various sectors of the economy.The group's chairperson, Herbert Nkala, said FBCH's six business un...
Sakunda Private Limited - a fully-integrated energy supplier that has grown to be the biggest fuel trader with stocks in excess of 200 million litres - is changing its name to Trafigura Zimbabwe.The T...
ECOBANK Zimbabwe on Thursday said its after tax profit increased more than three-fold to $11.4 million in the half year to June, from $3.4 million in the comparable period last year, driven by an incr...
Zimbabwean platinum miners - among them units of Impala Platinum, Sibanye Gold and Anglo Platinum - have been plunged into deeper procurement and financial hurdles after the government directed that 8...
BULAWAYO-headquartered Pump and Steel Supplies Company has spread its wings to Harare where it has opened a new branch as part of its expansion drive.The firm's human resources manager, Mr Ernest Jack...
GIANT cement maker PPC Zimbabwe says it has spent $2.5 million to curb high stack emissions in the last two years at its Colleen Bawn plant in line with the environmental compliance regulations.The pl...
The country's largest cement producer, PPC Zimbabwe has hinted on a possibility to shut down its Collen Bawn plant in Gwanda citing pressure from cheap imported clinker by other producers and smuggled...
Manicaland's dairy industry is operating below capacity due to high and unsustainable production costs.Zimbabwe has for more than a decade failed to produce enough milk and has resorted to importing f...
NICOZ DIAMOND Insurance Limited saw its profit after tax declining by 0,5% to $1,2 million in the six months ended June 30, 2017 after the group incurred retrenchment costs at its unit in Malawi.In th...
Stanbic Bank Zimbabwe has revamped its home loans offering in a bid to encompass both existing and prospective home owners.In an interview, the bank's acting head of personal and business banking Pats...
The National Railways of Zimbabwe (NRZ) is positioning itself to reclaim its market share following its milestone partnership with a private firm that will see a US$400 million recapitalisation. 2017...
The hospitality industry is leading in terms of satisfying customers after scoring top marks in a recent survey conducted by the Chartered Institute of Customer Management. Ou...
The Zimbabwe Consolidated Diamond Company (ZCDC) is targeting to generate more revenue from mining conglomerate diamonds with the initiative expected to be fully operational by next year.Since its es...
Sacked Air Zimbabwe (AirZim) workers have rejected the parastatal's retrenchment package, saying it had been imposed on them in violation of the Labour Act.The Daily News on Sunday can exclusively re...
INDIGENISATION minister Patrick Zhuwao is demanding a review of the sale of Barclays Bank of Zimbabwe to a Malawian financial institution, saying the deal might have violated Zimbabwe's laws, it has ...
Farmers' organisations say the over $1 billion that is injected annually into agriculture by banks is not serving its purpose as their members continue to struggle to access funding due to stringent r...
THE manufacturing of poultry feeds continued to dominate the stockfeed industry during the second quarter of 2017 with a monthly average of 22,473 metric tonnes worth $15,5 million, an industry offic...
THE National Building Society (NBS) is targeting to fund the construction of 10 000 high to medium density housing units by the end of this year after partnering with private property developers to ad...