FINANCIAL SERVICES

Competition and Tariffs Commission approves Aon deal

The Competition and Tariffs Commission has approved the acquisition of Aon Holdings Limited majority stake by Masawara Mauritius Limited. Masawara is a diversified investment company with direct inter...

By Business reporter | Published: 15 August 2013

MINING & RETAIL

Blanket mine output to exceed target

CALEDONIA Mining Corporation, which is listed on the Toronto Stock Exchange, expects Blanket Mine to exceed targeted annual gold output by 10 percent after production in the second quarter came in ah...

By Business reporter | Published: 14 August 2013

LANDS & AGRICULTURE

Agritex, Tobacco Research Board to collaborate

The Tobacco Research Board has engaged Agritex in training farmers on the important aspects of tobacco production.This is meant to improve the quality of the tobacco produced by farmers so that it sui...

By Business reporter | Published: 14 August 2013

BancABC share unmoved by bank's performance

DESPITE reporting strong interims for the period ending June 30 and bright future prospects, ABC Holdings' performance has not been reflected by the company's shares, analysts have said.Analysts who s...

By Business reporter | Published: 14 August 2013

MINING & RETAIL

Russian firm buys into Zimbabwe platinum field

A group of companies which includes state-owned Rostec and Vneshekonombank is buying a 40% stake in a project to develop the world's second largest platinum field in Zimbabwe. The consortium will inv...

By Business reporter | Published: 14 August 2013

MINING & RETAIL

Zim denies signing secret uranium deal

 Mines Minister Obert Mpofu on Saturday denied reports in a British newspaper that it had signed a secret uranium trade deal with Iran. The Times of London had reported quoting deputy minister Gi...

By Business reporter | Published: 14 August 2013

MINING & RETAIL

Bindura Nickel Corp capital hunt on course

Bindura Nickel Corporation has said its plans to raise a $5 million debt funding to finance Trojan Mine are on course despite liquidity constraints on the market.The mining concern in a statement yest...

By Business reporter | Published: 14 August 2013

INDUSTRIALS & ENERGY

Chisumbanje ethanol plant gets licence

Chisumbanje Ethanol Project received the ethanol production licence that will provide off take in production.Basil Nyabadza, Arda board chairman said that Zera issued the licence early last week and t...

By Business reporter | Published: 14 August 2013

TELECOMS & TECHNOLOGY

Cambria completes Celsys exit

CAMBRIA Africa Plc has completed its exit from Zimbabwe Stock Exchange listed Celsys Limited in what also resulted in still birth to its plans to make a secondary listing on the local bourse. Certain ...

By Business Reporter | Published: 13 August 2013

FINANCIAL SERVICES

Banks to reduce charges on deposits

Banks have resolved to reduce charges on deposits in line with a Reserve Bank of Zimbabwe directive to increase savings in the economy, several half-year financial statements have revealed.This comes ...

By Business reporter | Published: 12 August 2013

MINING & RETAIL

Zimbabwe scouts for diamond cutting, polishing partners

The Minerals Marketing Corporation of Zimbabwe is still scouting for partners to set up diamond cutting and polishing firms in the country.The MMCZ announced early this year that it had engaged severa...

By Business reporter | Published: 12 August 2013

LANDS & AGRICULTURE

Chemco Holdings mulls ZSE re-listing

Agro-chemicals manufacturer and distributor Chemco Holdings Limited (Chemco) plans to re-list on the Zimbabwe Stock Exchange (ZSE).The group was suspended from the bourse in August last year."The boar...

By Staff reporter | Published: 12 August 2013

LANDS & AGRICULTURE

Dairiboard takes Buscod to court over $5 000 debt

DAIRIBORD Zimbabwe has dragged to court the now defunct Buscod Supermarket for failing to pay close to $5 000 being money for goods it bought on credit.Buscod Supermarket, a subsidiary of Humble Tradi...

By Court Reporter | Published: 12 August 2013

TELECOMS & TECHNOLOGY

Telecel to be indigenised by month end

TELECEL International, the Egyptian controlling shareholder in Telecel Zimbabwe, has committed to addressing its lopsided shareholding in the mobile phone operator by the end of this month in what wil...

By Business Reporter | Published: 12 August 2013

INDUSTRIALS & ENERGY

Ingwebu Breweries records strong performance

BULAWAYO City Council (BCC) undertaking Ingwebu Breweries has recorded a strong performance for the year ended 2012 with traditional beer volume growth of 16% despite fierce competition in the cut-thr...

By Business reporter | Published: 12 August 2013

MINING & RETAIL

Marange Resources sues Core Mining

MARANGE Resources has obtained permission from the High Court to proceed with its US$2 billion lawsuit against Core Mining Resources and Minerals for financial prejudice after the latter allegedly mis...

By Staff reporter | Published: 10 August 2013

TELECOMS & TECHNOLOGY

Econet - Telecel connection reactivated

THE standoff between Zimbabwe's largest mobile phone operators has finally come to an end.Calls can now be made between the two networks after Postal and Telecommunications Regulatory Authority of Zim...

By Business reporter | Published: 09 August 2013

TELECOMS & TECHNOLOGY

Valley Technologies put under provisional liquidation

Struggling telecoms company Valley Technologies has been put under provisional liquidation following a High Court application by one of its creditors, DHL International Zimbabwe. According to the appl...

By Business reporter | Published: 09 August 2013

TELECOMS & TECHNOLOGY

Econet, Telecel disconnection continues

THE standoff between Zimbabwe's largest mobile phone operators has continued a few days after the country's telecoms regulator renewed Telecel's licence after the mobile phone operator submitted a pl...

By Business reporter | Published: 09 August 2013

FINANCIAL SERVICES

CBZ profits declines by 13%

CBZ Holdings after tax profits for the half year to June 30 2013 declined by 13 percent to $16 million weighed down by a two-fold increase in the charge for impairment and interest expense. The char...

By Business Reporter | Published: 09 August 2013

TELECOMS & TECHNOLOGY

CCZ commends govt and Potraz for licencing Telecel

The Consumer Council of Zimbabwe has commended the Government and the Postal and Telecommunications Regulatory Authority of Zimbabwe for addressing the issue of the licensing of Telecel Zimbabwe.Telec...

By Business reporter | Published: 08 August 2013

FINANCIAL SERVICES

Steward Bank wants to set up a distinct brand

STEWARD Bank, which was until recently a subsidiary of Lifestyle Holdings, will move out of Lifestyle Holdings premises by end of this year. Sources close to the developments indicated last week that ...

By Business reporter | Published: 08 August 2013

FINANCIAL SERVICES

BancABC optimistic about performance

AFRICAN Banking Corporation Group says its interims for six months to June this year will be solid despite a US$10 million impairment in respect of a contingent liability."Shareholders are advised th...

By Business reporter | Published: 08 August 2013

TELECOMS & TECHNOLOGY

TelOne switches on Victoria Falls

TEL-ONE has commissioned its fibre optic transmission link between Bulawayo and Victoria Falls in what will be a major boost for the tourist resort ahead of co-hosting the United Nations World Tourism...

By Business reporter | Published: 08 August 2013

FINANCIAL SERVICES

Tunis bank to invest in Zimbabwe

Tunis-Headquartered, pan-African financial services group Alios Finance is set to enter the Zimbabwean market during the first quarter of next year, a company official has said. Alios Finance Zambia a...

By Business reporter | Published: 08 August 2013

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