FINANCIAL SERVICES

Barclays to pay out $2,6m bonus

Barclays Bank Plc will pay out a £2 million (US$2,6 million) closing bonus to Barclays Zimbabwe Limited workers as the United Kingdom-based banking group divests from the local market after 105 years...

By Staff reporter | Published: 28 July 2017

TRANSPORT & TOURISM

Zim Tourism Expo uptake surpasses expectations

PREPARATIONS for the 10th edition of Hlanganani/Sanganai World Tourism Expo are progressing well, with 240 companies having registered so far to participate, organisers of the event have revealed.The ...

By Staff reporter | Published: 28 July 2017

INDUSTRIALS & ENERGY

Delta depot closure opens way for cheap imports, smuggling

THE closure of Delta Corporation's Victoria Falls depot this week is likely to open floodgates for cheap imported beverages and negatively affect local dealers in the resort town, the local business c...

By Staff reporter | Published: 28 July 2017

MINING & RETAIL

Zim engages foreign chrome buyers

THE Minerals Marketing Corporation is directly engaging foreign chrome ore buyers to achieve premium prices and better returns for small-scale producers in a bid to cushion them from middlemen who are...

By Staff reporter | Published: 28 July 2017

TRANSPORT & TOURISM

NRZ discovers new niche market

THE National Railways of Zimbabwe (NRZ) says it has discovered a new niche market in chartered steam locomotives, which have proved to be a hit among foreign tourists and a revenue source.NRZ spokespe...

By Staff reporter | Published: 28 July 2017

FINANCIAL SERVICES

Mobile, plastic accounts for 80% of retail transactions

The Confederation of Zimbabwe Retailers (CZR) says the use of mobile and plastic money has risen to account for 80 percent of transactions in the retail sector.Addressing delegates at the 'Cash challe...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

Zimbabwe based junior miner to list on NYSE

Canadian junior miner Caledonia Mining Corporation says it has received approval for the listing of its common shares on the New York Stock Exchange (NYSE).The listing should accrue benefits for the ...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

ZMDC gold mine fend off debtors

JENA Gold Mines, owned by the State's Zimbabwe Mining Development Corporation (ZMDC), got a reprieve from debtors when the High Court ordered a creditors' meeting to consider a moratorium on claims.Je...

By Staff reporter | Published: 27 July 2017

FINANCIAL SERVICES

Treasury Bills, loans give RBZ governor headache

RESERVE Bank of Zimbabwe (RBZ) governor says he is worried about the creation of money through the issuance of Treasury Bills and loans which is causing a mismatch between local RTGS balances and nost...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

ZMDC appoints new general manager

THE Zimbabwe Mining Development Corporation has appointed Demand Gwatinetsa as the general manager who is expected to spearhead the turnaround of the group.ZMDC is a mining entity with a statutory man...

By Staff reporter | Published: 27 July 2017

TELECOMS & TECHNOLOGY

TelOne introduces 'Alert Me' service

TelOne has introduced "Alert Me" service for all their broadband customers, where customers will now be able to receive updates on their data balance and get reminders for recharging.This is part of t...

By Staff reporter | Published: 27 July 2017

CONSTRUCTION & PROPERTY

UK firm to invest in Zimbabwe

A UNITED Kingdom construction company has set its eyes on setting up business in Zimbabwe saying the country is a good investment destination.Parry Building Products Limited also seeks to engage the G...

By Staff reporter | Published: 27 July 2017

TELECOMS & TECHNOLOGY

DStv quashes Zimbabwe exit rumours

MULTI-Choice Zimbabwe has assured its subscribers that its digital satellite TV (DStv) will not be suspended contrary to rumours circulating that the Sub-Saharan Africa pay TV will soon stop operating...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

KFC gets ready for new Zimbabwe outlet opening

INTERNATIONAL fast food chain Kentucky Fried Chicken (KFC) is putting final touches on its Bradfield Bulawayo outlet ahead of opening slated for next month.KFC Bulawayo will be the fifth branch of th...

By Staff reporter | Published: 27 July 2017

LANDS & AGRICULTURE

Zim maize production up 286% from a low base

The 2016/17 agricultural season registered a 280 percent increase in average household maize production from the previous year, the latest Zimbabwe Vulnerability Assessment Committee (ZimVAC) report r...

By Staff reporter | Published: 27 July 2017

FINANCIAL SERVICES

Stanbic Bank pours $273m into tobacco farming

STANBIC Bank Zimbabwe says it has channelled $273.2 million towards financing the tobacco industry this year.The bank's head of corporate and investment banking, Mr Rhett Groves, said yesterday the su...

By Staff reporter | Published: 27 July 2017

INDUSTRIALS & ENERGY

Power imports surge 260%

ZIMBABWE's electricity imports rose 260 percent last year as the power utility, Zesa Holdings, moved to avert shortages and cuts, which would have crippled business and industrial operations.Zimbabwe'...

By Staff reporter | Published: 27 July 2017

INDUSTRIALS & ENERGY

Eskom threatens to switch off ZESA

South African power utility, Eskom has threatened to switch off ZESA Holdings by the end of this month if it fails to adhere to the agreed payment plan.The government through ZESA Holdings agreed to p...

By Staff reporter | Published: 26 July 2017

INDUSTRIALS & ENERGY

BAT Zimbabwe announce 27% jump in profit

Cigarette manufacturer, British American Tobacco Zimbabwe (BAT Zim) on Wednesday announced a 27 percent jump in after tax profit to $4,6 million for the half-year ended June 2017.The jump in profit, d...

By Staff reporter | Published: 26 July 2017

LANDS & AGRICULTURE

Hippo Valley stock pumps 141% since January

In a 2015 investors report, Pan-African stock analysts Imara Edwards Securities projected that Zimbabwe Stock Exchange-listed sugar processor Hippo Valley Estates Limited's share price was significant...

By Staff reporter | Published: 26 July 2017

CONSTRUCTION & PROPERTY

Govt urged recapitalise engineering sector

The government has been advised to recapitalise the engineering sector and effectively utilise its broad-based skills to harness revenue for the potential growth of the industry.Lack of investment and...

By Staff reporter | Published: 26 July 2017

TRANSPORT & TOURISM

New Zupco board announced

The government has appointed a new board at the Zimbabwe United Passenger Company (ZUPCO) tasked with the mandate to restore the viability of the parastatal into a vibrant and competitive entity.The p...

By Staff reporter | Published: 26 July 2017

LANDS & AGRICULTURE

Zim govt cranks up CSC revival

AFTER years of going back and forth on Cold Storage Company (CSC)'s revival, government believes it has finally found that missing link which could do the trick - Command Livestock.Command Livestock i...

By Staff reporter | Published: 26 July 2017

INDUSTRIALS & ENERGY

Delta Beverages closes Victoria Falls depot

DELTA Beverages, the country's largest beverages manufacturer is closing its Victoria Falls depot, as part of a rationalisation exercise, the company has confirmed.Delta corporate affairs director, Al...

By Staff reporter | Published: 26 July 2017

MINING & RETAIL

Zim explores for gemstones in Karoi

GOVERNMENT has dispatched a technical team to Karoi in Mashonaland West to explore gemstones, a Minerals Marketing Corporation of Zimbabwe (MMCZ) official has revealed."I want to touch briefly on the ...

By Staff reporter | Published: 26 July 2017

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