MINING & RETAIL

Choppies to use dividends unclaimed for 3 years

Choppies Enterprises advised its shareholders that dividends unclaimed for 3 years from the due date of payment may become the property of the Company and used for the benefit of the Company.Choppies ...

By Ngoni Shenjere | Published: 24 July 2017

MINING & RETAIL

PPC CEO quits

The chief executive of cement maker PPC, Darryll Castle, quit on Monday. This comes a few days after Tito Mboweni's unexpected resignation from PPC's board has prompted speculation that it might relat...

By Ngoni Shenjere | Published: 24 July 2017

MINING & RETAIL

Too much publicity spoiled Zisco/Essar deal

INDUSTRY and Commerce Minister, Dr Mike Bimha said "too much publicity" frustrated the $750 million Zisco/Essar Global deal.The Government in 2011 sealed the mega-deal with Essar Global, an Indian co...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Govt probes Apple Bridge chrome deals

The Government has directed Apple Bridge Investment, a special purpose vehicle it created to buy and export chrome from small scale miners, to declare its business dealings over the past year followin...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Supermarket in court for withholding cash

A BULAWAYO supermarket has been dragged to court by the Reserve Bank of Zimbabwe (RBZ) over failure to submit cash sales returns and deposits to the central bank.The Greens Supermarket director, Arthu...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Gain Cash and Carry invests $1m in Bulawayo

GAIN Cash and Carry has opened its first branch in Bulawayo after investing about $1 million dollars in setting up the business.The wholesale company acquired the business through a management buyout ...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Venture into mining sector, women urged

WOMEN should empower themselves by taking advantage of the existing investment opportunities in the country, a senior official has said.Speaking during the Mine Entra expo in Bulawayo last week, Wome...

By Staff reporter | Published: 24 July 2017

TELECOMS & TECHNOLOGY

Econet ready to share infrastructure

MOBILE phone operator Econet says it is ready to share infrastructure with other operators but only if all players contribute equally.Speaking at the four day Institute of Chartered Accountants of Zi...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Diamond output rises on $30m injection

Zimbabwe's diamond output for the first half of 2017 jumped to 1,1 million carats (220kg) against 690 000 carats produced during the whole of 2016.The big rise in diamond production follows Governmen...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Simbisa Brands eyeing listing on LSE's AIM

Zimbabwe Stock Exchange listed Simbisa Brands, the company which houses fast food names such as Chicken Inn and Pizza Inn, is reportedly eyeing a secondary listing on the London Stock Exchange Alterna...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Zim mining sector to grow 5.1%

The mining sector is seen growing 5,1 percent this year buoyed by positive performance from the gold, platinum, chrome, coal and nickel sectors, Finance minister Patrick Chinamasa said.Chinamasa on T...

By Staff reporter | Published: 23 July 2017

FINANCIAL SERVICES

Banks disbursing funds for retooling of companies

THE Reserve Bank of Zimbabwe (RBZ) and a number of financial institutions have started disbursing funds for the recapitalisation of companies whose products were placed on import restriction under th...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

CSC disputes leave investors with cold feet

DELAYS in resolving the dispute between the Cold Storage Company (CSC) and its creditors, mainly former workers, is likely to frustrate investors and prejudice already secured markets, analysts have ...

By Staff reporter | Published: 23 July 2017

TRANSPORT & TOURISM

Mzembi digs in on Zim roadblocks

Annual tourist arrivals from South Africa have declined from 1, 5 million to 600 000 partly due to heavy police presence on Zimbabwe's roads, a Cabinet minister has said. Tourism and Hospitality Indu...

By Staff reporter | Published: 23 July 2017

INDUSTRIALS & ENERGY

AVM gets $20m from China

Another mega deal signed between Zimbabwe and China in 2015 has been actualised, with Baic Automotive Group releasing US$20 million for recapitalisation of bus manufacturer AVM Africa. The deal is am...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Zim's diamond cutters, polishers struggling

Zimbabwean diamond cutting and polishing companies are struggling to absorb the mandated 10% market share set aside by government to encourage growth and development of the downstream industries, an ...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

More funding for command agriculture

Local fuel dealer, Sakunda Energy, says it is targeting to increase its funding for maize production under the command agriculture scheme to cover at least three million hectares next season.Vice-Pre...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

Zim farmers deliver grain to GMB

Over 1 000 tonnes of maize from the 2016/17 agricultural season had been delivered to the Grain Marketing Board (GMB) by April this year, the state's grain procurer said.Speaking at the maize value c...

By Staff reporter | Published: 23 July 2017

TRANSPORT & TOURISM

African Sun unveils 'new' Holiday Inn Mutare

AFRICAN Sun-owned Amber Hotel Mutare was recently rebranded to Holiday Inn Mutare in a move that is likely to bring competitiveness in the hospitality sector in Manicaland Province, with owners forkin...

By Staff reporter | Published: 23 July 2017

TELECOMS & TECHNOLOGY

NetOne says campaign a success

NetOne says its ambitious Basa Sebasa project rolled out in Harare last month to expand the mobile network provider's subscriber base and has now cascaded to all provinces has started paying dividend...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Zim embarks on mining titles computerisation

The government has embarked on a programme to computerise mining title systems in a move aimed at ending the practice of double allocation of mining claims while facilitating the smooth implementation...

By Staff reporter | Published: 22 July 2017

TRANSPORT & TOURISM

CAAZ works on Harare airport upgrade funding

The Civil Aviation Authority of Zimbabwe (CAAZ) is finalising the financing model for the US$153 million upgrading of Harare International Airport to pave way for the resumption of civil works.The exp...

By Staff reporter | Published: 22 July 2017

MINING & RETAIL

New Ziscosteel deal nears finalisation

The government is on the verge of striking a deal with some foreign investors that will see the revival of Ziscosteel.Addressing delegates during a Round Table Ministerial Conference in Bulawayo, the ...

By Staff reporter | Published: 22 July 2017

FINANCIAL SERVICES

Ultimatum for Zim insurance firms

Insurance companies have been directed to comply with new minimum capital requirements by year end as part of efforts to increase business confidence within the sector.This emerged at the Insurance In...

By Staff reporter | Published: 22 July 2017

FINANCIAL SERVICES

Taking StanChart Goal to even greater heights

Standard Chartered Goal Programme hosted a two-day summit titled Beyond Girls' Education Global Summit 2017. The summit agenda highlighted the best practises and opportunities to support adolescent gi...

By Agencies | Published: 22 July 2017

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