FINANCIAL SERVICES

NMB launches new package

NMB Bank has launched a new package of financial services after unveiling the NMBLife range of products at the ongoing Harare Agricultural Show. This takes the group's progress, in terms of the bank's...

CONSTRUCTION & PROPERTY

NBS doubles house production

MORTGAGE provider, the National Building Society has produced over 3 000 houses during the first half of 2017, an amount double the units produced by the whole industry in 2016.Last year, mortgage pro...

LANDS & AGRICULTURE

Zimbabwe misses tobacco target

Zimbabwe is set to miss its tobacco 200 million kilogrammes target after farmers delivered 186,3 million kg of the golden leaf on Day 105 compared to 200 million kg delivered in the same period last y...

FINANCIAL SERVICES

Econetlife launches burial societies promotion

EconetLife, a subsidiary of Econet Wireless Zimbabwe has launched the "Mabhodho Zvakare Promotion" which encourages communities to band together and consolidate their local bereavement support groups ...

TRANSPORT & TOURISM

'India can help Zim collect foreign airline dues'

THE Airports Authority of India (AAI) says Zimbabwe could be losing millions in potential revenue through uncollected aeronautical revenue for use of its airspace, a senior official with India's ports...

FINANCIAL SERVICES

AfDB seeks water expert for ZimFund

The African Development Bank is in the process of recruiting a water supply and sanitation specialist to join the Zimbabwe Multi-donor Trust Fund (ZimFund) for a year.ZimFund is an AfDB-managed fundin...

LANDS & AGRICULTURE

Zim exports $342m worth of tobacco

Zimbabwe has so far exported 79 million kilogrammes of tobacco, up from 61, 5 million kgs exported in the prior comparable period last year, statistics that the industry regulator released show.In its...

FINANCIAL SERVICES

Arise becomes 2nd largest NMBZ shareholder

Arise, an investment company that was formed by a partnership between Norfund (a Norwegian investment fund), FMO (a Dutch development fund) and Rabobank (a Dutch commercial bank) has taken over 69.14...

MINING & RETAIL

Decriminalisation of gold possession looms

THE new Mines and Minerals Amendment Act is expected to create a favourable operating environment for small-scale miners, who are currently bearing the brunt of a punitive colonial law that criminalis...

TRANSPORT & TOURISM

Air Zimbabwe, SAA tiff resolved

Zimbabwe yesterday cleared all South African Airways (SAA) and British Airways (BA) flights that sought to land in the country following fruitful engagement among the concerned aviation authorities, T...

INDUSTRIALS & ENERGY

Turnall eyes Govt, NSSA projects

TURNALL Holdings Limited is targeting government and NSSA business as it works toward a break even position by year end, acting managing director Roselyn Chisveto told shareholders at the annual gener...

TELECOMS & TECHNOLOGY

NetOne registers 2.9% slump in airtime revenue

ZIMBABWE'S second largest mobile network NetOne registered a 2,9 percent slump in airtime revenues for the year ended December 2016 to $70,1 million down from $72,2 million.Airtime revenues are mainly...

FINANCIAL SERVICES

Agribank lines up $98m agric, export facilities

AGRIBANK has lined up agriculture and export facilities totalling $98 million and about $20 million has so far been snapped up as the bank steps up efforts to play its key mandate of financing agricul...

FINANCIAL SERVICES

Barclays Zim divesture to be completed in 2H

Barclays Plc, parent company for Barclays Zimbabwe expects to complete its divestiture from the local operation during the second half of 2017 as the banking firm eyes maintaining profitability going ...

FINANCIAL SERVICES

Short-term deposits continue to affect lenders

THE country's broad money supply continues to be dominated by short-term deposits, a factor that constrains the local financial services sector's capacity to lend to critical sectors of the economy on...

LANDS & AGRICULTURE

Zimbabwe milk production up

Milk production for the month of July rose 6,2 percent to 5 810 176 litres compared to 5 471 113 litres in the period a year ago. This is the highest milk production achieved so far as the sector is b...

INDUSTRIALS & ENERGY

Bakers lament foreign currency payment delays

The National Bakers Association of Zimbabwe's production is being hampered by the outstanding US$16 million in foreign payments for the acquisition of raw materials for the bread industry.The local ba...

TRANSPORT & TOURISM

Victoria Falls hotel occupancy 25% up

Hotel operators in Victoria Falls are reporting a better-than-expected half year profit and raising their earnings forecast for the year, helped by a boost in business travel following a recently comm...

LANDS & AGRICULTURE

Govt imposes quality control for vets

The Division of Veterinary Services has imposed strict controls on the operation of veterinary laboratories in new regulations under the Animal Health Act.This comes after the Council of Veterinary Su...

Govt seeks partner for drugs-maker CAPS

Government is looking for an investor to inject $6 million in once Zimbabwe's and southern Africa's biggest drug manufacturer - CAPS Holdings - which has been teetering on the brink of total collapse ...

MINING & RETAIL

Caledonia confident Blanket Mine will meet target

Desperate Blanket Gold Mine's output in the second quarter remaining largely flat at 12 521 ounces from 12 510 oz in the prior comparable period, parent firm Caledonia Mining Corporation remains confi...

LANDS & AGRICULTURE

Zimbabwe to receive $34m irrigation equipment

ZIMBABWE is set to receive irrigation equipment worth more than $34 million under the second phase of the Brazil $98 million More Food For Africa loan facility. The country first received agricultural...

TRANSPORT & TOURISM

NRZ starts contract negotiations

THE National Railways of Zimbabwe (NRZ) management is this week expected to begin contract negotiations with the Diaspora Infrastructure Development Group (DIDG)/Transnet Consortium to turn around the...

FINANCIAL SERVICES

Econet reduces MasterCard international limits

ECONET Wireless' mobile money transfer service EcoCash says it will be implementing international limit restrictions on its MasterCard debit card due to foreign currency challenges being experienced i...

MINING & RETAIL

Youths deliver 300kg gold to Fidelity Printers

Over 6 000 Zanu-PF youths in Chegutu have delivered 300 kilogrammes of gold to Fidelity Printers and Refiners since 2014 worth an estimated $10 million.The artisanal miners formed the Danangwe Distric...