FINANCIAL SERVICES

OK Zimbabwe moves R22 million from South Africa

OK ZimZIMBABWE Stock Exchange (ZSE)-listed retail giant OK Zimbabwe has handled over R22 million through its mobile money transfer service, FNB Zimbabwe Money Transfer, since the launch of its facilit...

By Enacy Mapakame | Published: 16 June 2014

INDUSTRIALS & ENERGY

Sino Zim plans to increase exports

GWERU-based cement manufacturer Sino Zimbabwe Cement Company (SZCC) sales have dropped by 8 percent in the first half of the year, a development attributed to low activity in the construction industry...

By Lovemore Zigara | Published: 16 June 2014

MINING & RETAIL

Gold production falls 8%

ZIMBABWE'S gold production fell 8 percent to 5 500 kilogrammes in the five months to May from a year earlier, according to figures obtained from the Chamber of Mines.Gold mined during the period was 5...

By Martin Kadzere | Published: 16 June 2014

INDUSTRIALS & ENERGY

Powerspeed records 9% growth

A SHIFT towards retail trading paid off for Powerspeed Electrical with the company recording a nine percent growth in turnover for the six months ended March 2014.Turnover for Powerspeed Electrical fo...

By Staff reporter | Published: 16 June 2014

TELECOMS & TECHNOLOGY

Competitions Commission goes after Econet

The Competitions and Tariffs and Commission has started gathering information, which may result in a fully fledged investigation on alleged uncompetitive behaviour by Econet Wireless.CTC has arranged ...

By Tinashe Makichi | Published: 14 June 2014

LANDS & AGRICULTURE

China-Africa Fund to acquire stake in Cottco

THE China-Africa Development Fund, China's largest private equity fund focusing on African investments, has moved to buy a significant shareholding in Cottco Holdings Ltd through its wholly-owned subs...

By Martin Kadzere | Published: 14 June 2014

TELECOMS & TECHNOLOGY

Econet to launch a new call centre

Econet Wireless is implementing a highly advanced call centre system which will enable its contact centre operators to monitor feedback and conversations on both social network and cellular communicat...

By Clara Mawere | Published: 14 June 2014

INDUSTRIALS & ENERGY

Delta Beverages expands into drinking yoghurt

LISTED beverages giant Delta will this week launch a new yoghurt drink. The new drink consolidates Delta's continued interest in expanding its non-alcoholic portfolio and claiming an increasing share ...

By Staff reporter | Published: 14 June 2014

MINING & RETAIL

Mwana Africa needs $27m to restart smelting plant

MWANA Africa will require at least $26,5 million to restart its smelting plant at Bindura Nickel Corporation, the Pan African mining company announced yesterday.Based on the independent study by Hatch...

By Staff reporter | Published: 14 June 2014

TRANSPORT & TOURISM

RTG's revenue jumps 7%

RAINBOW Tourism Group local operations' revenue for the four months to April increased to $8,2 million helping the hospitality company record a 7 percent jump to $8,7 million over the same period last...

By Conrad Mwanawashe | Published: 14 June 2014

TELECOMS & TECHNOLOGY

EcoCash launches diaspora service

ECONET Wireless, in partnership with international money transfer service, WorldRemit, has launched a service which enables customers to receive money from outside the country directly on mobile phone...

By Staff reporter | Published: 14 June 2014

INDUSTRIALS & ENERGY

BAT Zimbabwe eyes more growth

British American Tobacco Plc plans to invest more capital towards its Zimbabwean business despite earlier reports that the company is planning to divest its business operations, a company official has...

By Tinashe Makichi | Published: 14 June 2014

INDUSTRIALS & ENERGY

Schweppes acquires Beitbridge Juicing Co

SCHWEPPES Zimbabwe has acquired 100 percent stake of Beitbridge Juicing Co in a vertical integration move that will see the beverage company strengthening its supply chain by taking control of a key r...

By Martin Kadzere | Published: 14 June 2014

INDUSTRIALS & ENERGY

OK should improve cost management

OK Zimbabwe last week reported March results which showed declining profitability and flat revenue growth. Chief executive Mr Willard Zireva recognised the factors affecting the operating environment....

By Staff reporter | Published: 14 June 2014

MINING & RETAIL

Zim to host second diamond conference

The Ministry of Mines and Mining Development will host the second Zimbabwe Diamond Conference later this year with Minister Walter Chidhakwa expected to officiate at the event.The conference will be h...

By Staff reporter | Published: 14 June 2014

INDUSTRIALS & ENERGY

Blue Ribbon resumes operations

Blue Ribbon Foods resumed operations on the maize line last week after securing a supply agreement for raw materials with a Mutare-based company. A source familiar with the development said operations...

By Staff reporter | Published: 14 June 2014

INDUSTRIALS & ENERGY

ZimAlloys shortlists four investors

FERROCHROME producer, Zimbabwe Alloys has shortlisted four investors, among them AfroChine Smelting to acquire the majority stake in the company, a source has said.An audit and advisory firm, Grant Th...

By Staff reporter | Published: 14 June 2014

BUSINESS NEWS

Consistency vital in implementing indigenisation

Youth, Indigenisation and Empowerment Minister Francis Nhema is satisfied with results of the Indigenisation and Economic Empowerment Act since its inception saying investors are now warming up to the...

By Staff reporter | Published: 14 June 2014

TRANSPORT & TOURISM

Qatar Airways to introduce flights to Harare

Qatar Airways will soon introduce flights to Harare, initially flying into Zimbabwe three times a week, the new envoy from the oil rich country said last Thursday. Qatar's new ambassador to Zimbabwe, ...

By New Ziana. | Published: 14 June 2014

LANDS & AGRICULTURE

Virginia tobacco sales top 185m kgs

Virginia tobacco deliveries have surpassed the 185 million kilogrammes target set for this year with indications that the figure could reach 200 million kg before the marketing season ends.Tobacco Ind...

By Staff reporter | Published: 14 June 2014

INDUSTRIALS & ENERGY

OK Zim eyes $6m refurbishments

OK Zimbabwe intends to refurbish six stores across the country this year at a cost of $6 million, a senior official has said.The group will spend an additional $2 million on the establishment of baker...

By Tinashe Makichi | Published: 14 June 2014

TRANSPORT & TOURISM

Qatar Airways to introduce flights to Zimbabwe

Qatar Airways will soon introduce flights to Harare, initially flying into Zimbabwe three times a week, the new envoy from the oil rich country said on Thursday.Qatar's new ambassador to Zimbabwe Sale...

By New Ziana | Published: 06 June 2014

FINANCIAL SERVICES

NSSA to attach Tetrad Bank property

The National Social Security Authority has been given the green light to attach Tetrad Bank property to recover nearly $5 million owed to it by the embattled bank.The bank, which is reeling under a se...

By Herald | Published: 06 June 2014

LANDS & AGRICULTURE

Tobacco target exceeded

Zimbabwe has so far sold tobacco worth $582,8 million as the 2014 selling season target of 180 million kilogrammes has been exceeded.Latest figures from the Tobacco Marketing Industry Board (TIMB) sho...

By Staff reporter | Published: 06 June 2014

INDUSTRIALS & ENERGY

Star Africa struggling to sell investments

Listed sugar manufacturer Star Africa appears to be struggling to dispose of its investments in Tongaat Hulett Botswana and BlueStar Logistics.In its latest update on the matter, the company said: "Ea...

By Staff reporter | Published: 06 June 2014

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