Freda Rebecca's gold output declined by 10 percent to 58,704 ounces in the year to March weighed down by lower head grade and mechanical faults on the milling plant. Mill head grade of 2,10g per tonne...
By Golden Sibanda | Published: 10 July 2014
FBC Holdings will soon start drawing down on the last tranche of $20 million out of the $60 million facility secured from Afreximbank after signing off papers for the release of the funds. Group chief...
By Golden Sibanda | Published: 10 July 2014
ZIMBABWE'S textile industry needs at least $200 million in the short to medium term to recapitalise, according to a latest study on the country's cotton and clothing industry. About $50 million is req...
By Martin Kadzere | Published: 10 July 2014
Over 373000 kgs of tobacco valued at over $1,1 million has been sold under the contract system since the end of the 2014 flue-cured tobacco selling season last month.The Tobacco Industry and Marketing...
By Staff reporter | Published: 09 July 2014
Shares of Pan-African multi-commodity mining firm, Mwana Africa plc, climbed 18 percent in this morning's trading on the London Stock Exchange after reporting a profit in its fiscal 2014, mainly on st...
By Staff reporter | Published: 09 July 2014
THE Infrastructure Development Bank of Zimbabwe (IDBZ) is awaiting drawdown on two lines of credit amounting to $40 million as the institution mobilises resources for infrastructure projects.The move ...
By Staff reporter | Published: 09 July 2014
PAN-African banking group,BancABC, has gone on a restructuring exercise that will see Hashmon Matemera returning to group level after a four-year stint as managing director for the Zimbabwean unit.Mat...
By Staff reporter | Published: 09 July 2014
THE country's sole ammonium nitrate (AN) fertilizer manufacturer, Sable Chemicals, has assured farmers of enough stocks of the commodity for the winter wheat cropping season.Sable Chemicals chief exec...
By Lovemore Zigara | Published: 09 July 2014
Platinum mining firms have warned that the 15 percent levy Government imposed on raw platinum exports could lead to a collapse of the strategic industry. The export tariff took effect at the beginning...
By Golden Sibanda | Published: 09 July 2014
THE National Social Security Authority has appointed Deloitte and Touché to process papers for its application for a micro-finance bank licence that will have an initial capital of $50 million. The n...
By Conrad Mwanawashe | Published: 09 July 2014
United States-based Raptor Resources Holdings has finalised its plan to develop its green field nickel and copper mineral claims in Shamva, the company confirmed yesterday. Raptor Resources is a minin...
By Staff reporter | Published: 09 July 2014
Nissan South Africa has partnered five local Nissan dealers in a direct to dealer arrangement that will see the company extending its footprints on the local market. The five chosen dealers are set to...
By Business Reporters | Published: 09 July 2014
AFRICAN Sun says a 12 percent increase in seats is required to satisfy demand for room nights in peak periods in Victoria Falls hotels as this would help the hospitality group overturn a negative four...
By Staff reporter | Published: 09 July 2014
Government is keen on resuscitating the Feruka Oil Refinery in the Eastern border city of Mutare, but is incapacitated by the lack of financial resources to undertake the project, Energy and Power Dev...
By Staff reporter | Published: 09 July 2014
GREEN Fuel area general manager Mr Graeme Smith, who was at the helm of the Chisumbanje ethanol project management since inception, has stepped down.The company's community projects manager, Ms Nicoll...
By Manica Post. | Published: 09 July 2014
The Zimbabwe Mining Development Corporation needs to realign its costs to current production levels to be able to revive its gold mining operations, parliamentarians heard today.Giving oral evidence t...
By Staff reporter | Published: 07 July 2014
Hwange Rural District Council is owed more than $2 million in unit tax which has accrued over the past six years as mining houses operating within its area of jurisdiction continue to default, an offi...
By Sunday News. | Published: 07 July 2014
Cigarette manufacturer BAT Zimbabwe says it is focusing on building its manufactured cigarette portfolio after stopping semi-processed tobacco exports last year.In an interview, BAT Zimbabwe managing ...
By Staff reporter | Published: 07 July 2014
Zimbabwe's exports have taken a knock from the struggling manufacturing sector which is operating at around 37 percent of installed capacity.Latest trade figures from the Zimbabwe National Statistical...
By Staff reporter | Published: 07 July 2014
ZIMBABWE is exporting electricity generated during off-peak periods, particularly after 9pm to neighbouring countries at a time when it ironically imports power to offset deficit during the day.Althou...
By Walter Nyamukondiwa | Published: 07 July 2014
Meikles Centar Mining has shelved plans to venture into platinum mining following the withdrawal of a prospective investor who had shown interest in the venture, a company official said.The mining com...
By Staff reporter | Published: 07 July 2014
Quest Motors does not require a capital injection but rather Government support through the purchase of the company's wide range of vehicles.Quest Motors Manufacturing Engineering Manager Mr Ezekiel M...
By Staff reporter | Published: 07 July 2014
RAINBOW Tourism Group (RTG) says it has set aside at least $400 000 to refurbish the Bulawayo Rainbow Hotel.The refurbishment follows similar exercises at Rainbow Towers and the Kadoma Hotel and Confe...
By Staff reporter | Published: 07 July 2014
Quest Motors Manufacturing (Quest) says Zimbabwe must ban car imports.The group - with capacity to produce 105 cars per day and 100 buses monthly - said government should shift its policy towards prom...
By Staff reporter | Published: 04 July 2014
Contract tobacco continues to trickle in as overall sales reach $655 million ahead of the commencement of mop-up sales on July 15.Latest figures from the Tobacco Industry Marketing Board (TIMB) show t...
By Staff reporter | Published: 04 July 2014
Chiwenga dossier accuses Tagwirei of looting US$1.9bn 
ZEP extension faces pushback 
'Some very strange things are happening in China!' 
Zimbabwe's dollar stock exchange surges 45% 
Gold edges up as traders await guidance 
Zimbabwe named World's best country to visit in 2025 by Forbes 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
