FINANCIAL SERVICES

Microfinance wholesale facility disbursed $2.5m

The Zimbabwe Microfinance Wholesale Facility has disbursed loans worth at least $2,5 million to Micro Finance Institutions for on-lending to small businesses and the economically active poor since i...

By New Ziana | Published: 19 September 2013

TELECOMS & TECHNOLOGY

Liquid Telecom signs partnership agreement with Tanzania firm

Liquid Telecom Group has expanded its fibre link to East Africa resulting in it becoming the first wholesale carrier to connect the East African capitals of Nairobi, Dar es Salaam, Kampala and Kigali ...

By Staff reporter | Published: 19 September 2013

TELECOMS & TECHNOLOGY

NetOne embarks on an aggressive expansion drive

NetOne has embarked on an aggressive mobile broadband expansion drive, commissioning several new base stations across the country and setting the mobile telephone service provider on a massive growth ...

By Staff reporter | Published: 19 September 2013

MINING & RETAIL

BNC adopts new strategy after failing to raise funds

Bindura Nickel Corporation chairman Kalaa Mpinga told a BNC AGM this morning that management adopted a strategy for earlier extraction of massives totaling 6 290 tonnes nickel over a period of 18 mont...

By Staff reporter | Published: 19 September 2013

FINANCIAL SERVICES

Tetrad to introduce agriculture insurance

TETRAD Holdings insurance arm, THI Insurance, plans to introduce new insurance products to the agriculture sector soon in a bid to explore opportunities in the niche market, the company's non-executiv...

By Business Reporter | Published: 19 September 2013

LANDS & AGRICULTURE

Aico Africa suspends soya beans projects

ZSE-listed agricultural concern Aico Africa Limited has suspended contracting soya bean farmers  after the company lost more than $1 million through side marketing, a company official has said.In...

By Staff reporter | Published: 19 September 2013

BUSINESS NEWS

ZSE Tender Notice | Supply and Installation of ATS

The Zimbabwe Stock Exchange (ZSE) intends to automate its trading activities in order to match international norms and standards of operation in terms of efficiency, transparency, fairness and cost e...

By Staff reporter | Published: 19 September 2013

INDUSTRIALS & ENERGY

Edgars unsure about Zim business prospects

Clothing retailer Edgars Stores Zimbabwe is uncertain about the recovery prospects and future stability of the Zimbabwe's economy, despite the conclusion of elections and the swearing in of a new cab...

By Business reporter | Published: 19 September 2013

MINING & RETAIL

PPC Zimbabwe retrenches

BULAWAYO-BASED cement producer Pretoria Portland Cement (PPC) Zimbabwe has initiated a voluntary retrenchment exercise that will result in at least 100 employees leaving, a clear sign firms continue f...

By Staff reporter | Published: 19 September 2013

TELECOMS & TECHNOLOGY

Econet approve share buyback

ECONET Wireless Zimbabwe shareholders on Tuesday approved directors' proposal to buy back a maximum 10 percent of the firm's shares.Shareholders endorsed the proposal and two other main resolutions at...

By Staff reporter | Published: 18 September 2013

LANDS & AGRICULTURE

Dairibord top line seen flat

FINANCIAL analysts foresee dairy processor Dairibord Holdings' revenue remaining almost flat around $108 million this year following slow growth in its top line during the first half of its financial ...

By Staff reporter | Published: 18 September 2013

FINANCIAL SERVICES

THI insurance eyes East Africa market

THI insurance Zimbabwe is planning to expand its crop insurance business into East African market as it seeks to grow its book. Speaking at the insurance company's 75th anniversary celebrations in Har...

By Staff reporter | Published: 18 September 2013

INDUSTRIALS & ENERGY

E20 petrol blending to become mandatory in Zim

Zimbabwe is working on introducing mandatory blending of petrol to the levels of E20 (a mixture of 80% petrol and 20% anhydrous ethanol), President Robert Mugabe has said.Speaking at the official ope...

By fin24 | Published: 18 September 2013

TELECOMS & TECHNOLOGY

Potraz cancels Spiritage Communication licence

THE Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) has cancelled the operating licence of Valley Technologies (Pvt) Ltd after the company failed to pay a licensing and spectrum...

By Staff reporter | Published: 18 September 2013

MINING & RETAIL

Kamativi tin project to start production in 2014

JOHANNESBURG - Aim-listed Premier African Minerals is aiming to start low-cost production at its flagship RHA tungsten project, in the Kamativi tin belt, in Zimbabwe, during the second half of 2014, f...

By miningweekly.com | Published: 18 September 2013

INDUSTRIALS & ENERGY

Shoprite quits trading in Zimbabwe

South Africa's retail outlet Shoprite has closed shop at the Bulawayo Centre amid revelations local business mogul Raji Modi, owner of Bellevue Spar, has taken over the business to open another outlet...

By Staff reporter | Published: 18 September 2013

TRANSPORT & TOURISM

Comair commits to Vic Falls - Johannesburg route

BRITISH Airways Comair is committed itself to servicing the Victoria Falls/Johannesburg and will introduce larger aircraft once expansion of the resort town's airport runway is completed, an official ...

By Staff reporter | Published: 18 September 2013

MINING & RETAIL

Mwana Africa raises $2,8 million

Business ReporterMwana Africa Plc has raised $2,8 million through a subscription and placing of shares, taken up by existing and new shareholders, to accelerate development of its mining projects.The ...

By Business reporter | Published: 18 September 2013

INDUSTRIALS & ENERGY

OK Zimbabwe issues 15m shares

RETAIL giant OK Zimbabwe has issued a total of  15 143 314 ordinary shares valued at $3,5 million to beneficiaries of its share option scheme. This will increase the number of OK ordinary shares ...

By Business Reporter | Published: 18 September 2013

TELECOMS & TECHNOLOGY

Tracy Mpofu explains why Econet has not been paying dividends

Tracy Mpofu, Econet Wireless non-executive director who chaired the AGM held on 17 September 2013 said Econet has not been paying a dividend due to a number of commitments which put pressure on cash ...

By Staff reporter | Published: 17 September 2013

TELECOMS & TECHNOLOGY

Econet tells disgruntled banks to 'Invest in your own EcoCash'

Econet Wireless Zimbabwe Chie Executive Officer Douglas Mboweni has told banks that reluctant join EcoCash for their mobile money transfer services to invest in their own network instead of lobbying ...

By Staff reporter | Published: 17 September 2013

MINING & RETAIL

EU to lift sanctions on Zimbabwe firm

The European Union has agreed to lift sanctions on a Zimbabwean diamond-mining firm despite concerns over alleged fraud in a July election that kept President Robert Mugabe in power, the EU said on Tu...

By Reuters | Published: 17 September 2013

INDUSTRIALS & ENERGY

Safeguard introduces revolutionary new note-counting safe

Safeguard Engineering has introduced a revolutionary new automated safe that counts cash in any denominations, deposits the money into a removable bag locked securely inside it and issues a receipt fo...

By Chris Chinamhora | Published: 17 September 2013

MINING & RETAIL

Aquarius bosses agree to pay cuts

Aquarius Platinum has cut its chief executive Jean Nel's salary by 30% and imposed a 10% slash of directors' fees as part of measures to contain "cash corporate costs". The platinum group metals produ...

By Staff reporter | Published: 17 September 2013

LANDS & AGRICULTURE

Hippo Valley to increase exports

Hippo Valley Estates Limited (Hippo Valley) says it is targeting to export more than 217 000 tonnes of sugar to the European Union (EU), as a way of boosting the company's earnings. Last year, the su...

By Staff reporter | Published: 17 September 2013

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