LANDS & AGRICULTURE

Govt orders CSC forensic audit

Government has ordered a forensic audit of State-owned meat processor Cold Storage Company's (CSC) operations before approving an $80 million injection from a Botswana investor.CSC used to play a lea...

By Tinashe Makichi | Published: 24 June 2015

LANDS & AGRICULTURE

CSC seeks approval for strategic partner

Meat processor Cold Storage Company says it has secured an investor willing to inject $80 million into the company but Government is yet to approve its turnaround strategy which paves the way for the ...

By Rumbidzayi Zinyuke | Published: 23 June 2015

TRANSPORT & TOURISM

Victoria Falls airport runway near completion

The Civil Aviation Authority of Zimbabwe (CAAZ) will be conducting test flights at the beginning of August to ascertain if the new Victoria Fall Airport runway meets international aviation standards.T...

By Staff reporter | Published: 23 June 2015

MINING & RETAIL

Zim not going back on diamond merger

Government will proceed with plans to consolidate diamond mining operations in the country despite facing resistance from certain diamond mining companies who up to now are still to make a decision o...

By Tinashe Makichi | Published: 23 June 2015

FINANCIAL SERVICES

Zimbabwe banking sector profits decline

The Reserve Bank of Zimbabwe says the banking sector's capitalisation though largely in compliance with minimum capital requirements, remains under threat from losses being recorded by a few banking i...

By Staff reporter | Published: 23 June 2015

INDUSTRIALS & ENERGY

Fuel blending to go up to 30%

THE government says plans are underway to increase mandatory blending levels of unleaded petrol with ethanol to E30 and beyond as part of measures to arrest energy costs.Responding to questions on gov...

By Prosper Ndlovu | Published: 23 June 2015

MINING & RETAIL

KPCS meeting opens in Luanda

The Kimberly Process Certification Scheme intercessional meeting has started in Luanda Angola, with the initial working group sessions avoiding contentious issues to do with the vice chairmanship and ...

By Staff reporter | Published: 23 June 2015

TRANSPORT & TOURISM

Air Zimbabwe re-launches Lusaka route

Air Zimbabwe has today re-launched its Harare-Lusaka route which was discontinued in 2011 due to low passenger traffic. The airline will now be flying between Harare and Lusaka three times a week - o...

By Walter Muchinguri | Published: 22 June 2015

INDUSTRIALS & ENERGY

CAPRI commissions $12m plant

A local refrigeration manufacturer, CAPRI has commissioned a $12 million plant that is expected to help boost capacity utilisation to 100 percent with immediate effect.The company's product availabili...

By Staff reporter | Published: 22 June 2015

TRANSPORT & TOURISM

Zinara mulls border upgrades

The Zimbabwe National Roads Administration (ZINARA) has dangled the idea of a corridor master development plan (CMDP) towards the dualisation of the Beitbridge-Chirundu road, which emphasises the upgr...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Bid to block Zim trade in diamonds

The government controlled Herald, reported that attempts by Western countries to discourage trade in Zimbabwean diamonds at the Kimberly Process Certification Scheme Intercessional Plenary which start...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Zimbabwe targets 50 tonnes of gold

Minister of Finance Patrick Chinamasa told junior parliamentarians that the government was implementing measures to increase gold production in the country. Chinamasa noted that government had recentl...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Meikles Mega Market opens sixth branch

Meikles Mega Market wholesale and retail chain has opened its sixth branch as it expands its footprint across the country. The sixth branch, in Gweru, was opened last week and is the second-largest in...

By Staff reporter | Published: 22 June 2015

LANDS & AGRICULTURE

Tobacco farmers net $484 million

Zimbabwe  tobacco farmers have so far auctioned 164 million kg of the crop worth $484 million since the opening of the 2015 selling season in March.Statistics released by the Tobacco Industry and...

By Staff reporter | Published: 22 June 2015

TRANSPORT & TOURISM

Zimbabwe launches prepaid tolling card

The Zimbabwe National Roads Administration (Zinara) has launched a prepaid tolling card for the motoring public's "convenience and especially those in the logistics sector to have total control, and o...

By Staff reporter | Published: 22 June 2015

LANDS & AGRICULTURE

'Zimbabwe to stop milk imports in 3 years'

The Zimbabwe Association of Dairy Farmers (ZADF) says 85 percent of milk consumed by citizens is imported, a situation that has forced government to come up with a policy to stop milk imports in three...

By Staff reporter | Published: 22 June 2015

TELECOMS & TECHNOLOGY

Vere appointed new Telecel boss

Angeline Vere has been appointed as Telecel Zimbabwe (Telecel)'s new chief executive with effect from June 1, 2015.The trained lawyer, who has been the company's general manager for years, takes over ...

By Staff reporter | Published: 22 June 2015

FINANCIAL SERVICES

Atlas Mara disposes 10% stake in Brainworks

Atlas Mara Co-Nvest Limited (Atlas Mara) on Wednesday disposed its 10,1 percent stake in Zimbabwe-focused private equity and advisory firm Brainworks Capital Management Limited (Brainworks) valued at ...

By Staff reporter | Published: 22 June 2015

FINANCIAL SERVICES

RBZ will act accordingly on ailing banks

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya insists that troubled banks have up to end-June to put their act together before authorities can move in to restore investor confidence.The Centra...

By Staff reporter | Published: 22 June 2015

LANDS & AGRICULTURE

SeedCo records $15m profit

Zimbabwe Stock Exchange-listed agriculture concern, SeedCo Limited (SeedCo), registered a 27 percent increase in profits to $15 million in the full year to March 2015 from $11 million in the prior per...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Kalaa Mpinga resigns as Mwana CE

Mwana Africa Plc (Mwana) founder and chief executive Kalaa Mpinga has resigned with immediate effect after the recent boardroom changes at the Zimbabwe-based nickel and gold miner.Yat Hoi Ning, the ne...

By Staff reporter | Published: 22 June 2015

FINANCIAL SERVICES

Zamco finalises NPLs assessment

Zimbabwe Asset Management Company (Zamco) - a government's special purpose vehicle to house non-performing loans (NPLs) - is finalising modalities to clean up local banks' balance sheets, a central ba...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Zimbabwe miners welcomes lift on export chrome ban

Zimbabwe miners and other economic stakeholders have hailed government's move to immediately lift a ban on the export of the mineral as it will enable them to raise funds to increase smelting capacity...

By Staff reporter | Published: 22 June 2015

INDUSTRIALS & ENERGY

Coca-Cola launches Novida

Coca-Cola has launched a new fruit flavoured light malt non-alcoholic beverage, Schweppes Novida, which is available in two flavours - pineapple and mandarin in a sleek 400 ml PET bottle.Takunda Jinda...

By Staff reporter | Published: 22 June 2015

INDUSTRIALS & ENERGY

Delta pays $45m dividend

Zimbabwe's largest beverages maker, Delta Corporation (Delta), will on Wednesday this week reward its shareholders with a final dividend of $28,4 million.This will bring the total dividend for the yea...

By Staff reporter | Published: 22 June 2015

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