INDUSTRIALS & ENERGY

Bakers Inn to open $2m factory in Bulawayo

Simbisa Brands' bakery unit, Bakers Inn, says it has invested about $2 million in a new factory in the country's second largest city - Bulawayo - as it moves to drive its 450 000 loaves per day output...

MINING & RETAIL

Zimasco making way to the top

THE Zimbabwe Mining and Smelting Company, once the largest ferrochrome producer in the country and a force to reckon with in Africa, is slowly making its way up to the top again, rising from a debt ov...

MINING & RETAIL

Chrome exports generate $22.6m

ZIMBABWE has generated about $22.6 million from 153 000 tonnes of chrome ore exported through toll arrangement since last year, an official has said.Speaking during a small-scale miners' conference in...

INDUSTRIALS & ENERGY

Bata to increase Pata Pata, Sandak production

THE country's biggest shoe manufacturer, Bata Shoe Company, plans to increase production of its Pata Pata and Sandak brands in response to increasing market demand.Bata last year sold about 1,2 millio...

TRADE & INDUSTRY

Petra Schools fall on hard times

PRIVATE schools in the country are facing hard times with some of them coming up with drastic measures to save their institutions from collapse due to financial challenges.Petra Schools Trust in Bulaw...

LANDS & AGRICULTURE

Wattle Company employees down tools

OVER 100 Wattle Company employees last week downed tools and footed a 40km journey from the company's timber estate in Vumba to its headquarters in Mutare in protest over non-payment of their salaries...

TRANSPORT & TOURISM

Govt reverses backdated tourism VAT

Finance and Economic Development Minister Patrick Chinamasa has waived the backdated Value Added Tax (VAT) accruing on food and beverages offered by the tourism industry as part of packaged accommodat...

TRANSPORT & TOURISM

Air Zimbabwe, CAAZ in departure fees deal

The national flag carrier Air Zimbabwe and the Civil Aviation Authority of Zimbabwe's fight over passenger service fees is set to be a thing of the past with the two entities agreeing on the setting u...

MINING & RETAIL

'NRZ must pursue SA mineral claims'

National Railways of Zimbabwe (NRZ) board and management must actively pursue the mineral claims in South Africa as they could provide an important source of leverage in sourcing funding, Parliament h...

INDUSTRIALS & ENERGY

BAT completes acquisition of Reynolds

British American Tobacco said it is pleased to announce today the completion of the acquisition of the remaining 57.8% of Reynolds American the Company did not already own.The acquisition creates a st...

INDUSTRIALS & ENERGY

Zim to become regional power hub by 2021

With an aim to become a regional power distribution hub by 2021, Zimbabwe has announced that it will construct a 1,000km regional power line in 2018 in partnership with stakeholders from Mozambique a...

TRANSPORT & TOURISM

Air Zimbabwe privatization under threat

Government's plans to privatise national carrier, Air Zimbabwe, may be in for a bumpy ride amid indications that the airline's major creditors are moving to stop the transition.Insiders who spoke to t...

BUSINESS NEWS

'No cash shortages in Zimbabwe,' says Chinamasa

FINANCE minister Patrick Chinamasa yesterday described the current cash shortages as a mirage, saying the government was satisfied with the prevailing liquidity position obtaining in the country.Addre...

MINING & RETAIL

Zim platinum producers urged to invest in refining facilities

MINES minister Walter Chidakwa has called on platinum producers to invest in refining facilities, to enable the country to draw maximum benefit from its mineral resources.In a speech read on his behal...

TELECOMS & TECHNOLOGY

NetOne free to hire new CEO

NetOne can now recruit a substantive chief executive officer without glitches after the High Court yesterday dismissed with costs an urgent interdict application by the firm's ex-boss, Mr Reward Kanga...

TELECOMS & TECHNOLOGY

Zim mobile industry generates $200m in revenue

Zimbabwe's mobile network industry has grown to become a significant sector of the economy, generating close to $200 million in quarterly revenues and a sizable profits for the three network operators...

TRANSPORT & TOURISM

Ethiopian Airlines claims $30,500 from travel agency

ETHIOPIAN Airlines has taken a local travel agency, Haven Travel and Tours (Pvt) Ltd, to court on charges of failing to remit $30 500 in ticket sales.The airline, through its lawyers Kanokanga and Par...

LANDS & AGRICULTURE

Maize deliveries pour in

THE Grain Marketing Board is receiving an average 90 000 tonnes of maize a week with Government yesterday saying deliveries were fast approaching the 500 000 tonnes required for the Strategy Grain Res...

MINING & RETAIL

179 small-scale miners benefit from $40m GDI

FIDELITY Printers and Refiners has so far disbursed $30 million to 179 small-scale miners across the country under the $40 million Gold Development Initiative.Towards the end of last year, the Reserve...

MINING & RETAIL

Small-scale miners praised for 'local' uptake

GOVERNMENT has showered praises on small-scale miners for their support for locally produced products.Industry and Commerce Minister Dr Mike Bimha said local procurement was critical towards building ...

FINANCIAL SERVICES

FBC Insurance targets growth with SSP

FBC Insurance has chosen to support the growth of its Zimbabwean general insurance business in line with its strategic objectives using SSP's digital insurance platform, SSP Pure Insurance.SSP Pure In...

TELECOMS & TECHNOLOGY

TelOne on reforestation mission

TELONE have embarked on a reforestation journey targeting 56 000 trees by December this year.Addressing delegates at Nyamhunga Township where TelOne handed over 100 bins to Kariba Municipality, TelOne...

TELECOMS & TECHNOLOGY

Kangai application dismissed

Reward Kangai's urgent chamber application to get an interdict to stop the recruitment of a CEO for NetOne was denied with costs.The judge also pointed out that Mr Kangai could not have had a legitima...

MINING & RETAIL

Unki mine unit costs decline as output rises

Anglo American Platinum (Amplats) announced on Monday that production from Unki mine in Zimbabwe increased by 5% to a new production record of 38,400 ounces compared to the comparable period productio...

Econet brings in VoIP with One Horizon Group

Zimbabwean operator Econet Wireless and One Horizon Group have partnered to launch a mobile Voice over IP service branded 'Econet Plus', which is set to remove roaming charges for users of the service...