TRANSPORT & TOURISM

Meikles Hotel sale now awaits shareholder approval

Zimbabwe Stock Exchange (ZSE) listed conglomerate, Meikles limited has announced that the proposed plan to sell shareholding in one of its hotels is now awaiting shareholder approval.The company issue...

By Staff reporter | Published: 13 June 2019

TELECOMS & TECHNOLOGY

Epson to set up office in Zimbabwe

Swedish information communication technologies (ICTs) giant Epson Europe BV will set up office in Harare next week in response to President Mnangagwa's pro-investment reforms under the New Dispensatio...

By Staff reporter | Published: 13 June 2019

FINANCIAL SERVICES

MFIs mull forex lending

THE Zimbabwe Association of Microfinance Institutions (Zamfi) is considering foreign currency lending to assist producers in securing critical imports based on the anticipated effectiveness of the int...

By Staff reporter | Published: 13 June 2019

INDUSTRIALS & ENERGY

Sengwa project set for takeoff

Zimbabwe Stock Exchange (ZSE) listed RioZim says construction of its 2 800 megawatts Sengwa power project will commence in the next 12 months after the mining group signed an exclusivity agreement wit...

By Staff reporter | Published: 13 June 2019

TRANSPORT & TOURISM

Rainbow Tourism Group trading update

The company delivered a strong performance in 2018 achieving revenues of  $34.3 million which was 27% above the prior year despite an increasingly challenging economic climate. This performance w...

By Staff reporter | Published: 13 June 2019

TELECOMS & TECHNOLOGY

NetOne taken to court over $430 836 paid to ex-employee

THE Communications and Allied Industries Pension Fund (CAIPF), has issued summons at the High Court seeking an order to compel State-owned NetOne Cellular (PVT) Ltd to reimburse $430 836 paid the mobi...

By Staff reporter | Published: 13 June 2019

TELECOMS & TECHNOLOGY

Mnangagwa in first live radio interview

IN a ground-breaking move, President Emmerson Mnangagwa has agreed to a live radio interview in which ordinary citizens will be allowed to call in and ask questions.The interview, set for this Friday ...

By Staff reporter | Published: 13 June 2019

TRANSPORT & TOURISM

Zimbabwe not pulling out of CITES

The minister of Tourism, Prisca Mupfumira, said Zimbabwe will not pull out of the Convention on International Trade in Endangered Species (CITES) so that the country may be able to sell large stocks o...

By Staff reporter | Published: 12 June 2019

TRANSPORT & TOURISM

Air Zimbabwe to auction old airplanes

The national airline has written to treasury to grant them permission to auction some of its old airplanes so that they can at least salvage something from the fleet which is lying idle.The US$380 mil...

By Staff reporter | Published: 11 June 2019

FINANCIAL SERVICES

Mobile transactions decline

THE value of transaction processed through the National Payment System (NPS) have declined by 11,3 percent to $4,6 billion during the week ending May 24 from $5,1 billion recorded the previous week.In...

By Staff reporter | Published: 11 June 2019

LANDS & AGRICULTURE

Zimnat and THI bring agricultural innovation to ADMA Agrishow

Zimnat and THI Insurance, which earlier this year entered into an underwriting management agency agreement with Zimnat General Insurance, are jointly participating in this year's Agricultural Dealers'...

By Staff reporter | Published: 11 June 2019

LANDS & AGRICULTURE

Zimbabwe tobacco sales drop 44%

TOBACCO sales are down 44% at $292,8 million after 53 days of trade, compared to $523,5 million achieved last season, data from the industry regulator Tobacco Industry and Marketing Board (TIMB) shows...

By Staff reporter | Published: 11 June 2019

MINING & RETAIL

Zimbabwe diamond workers want salaries in US$

THE Zimbabwe Diamond and Allied Minerals Workers' Union (Zdamwu) says workers in the mining sector should be paid in United States dollars since the sector is one of the top foreign currency earners i...

By Staff reporter | Published: 11 June 2019

TRANSPORT & TOURISM

Air Zimbabwe needs $12m to stay afloat

AIR ZIMBABWE judicial manager Reggie Saruchera says he is pushing authorities to avail a $12 million package to maintain the airline's fleet and acquire additional aircraft.Saruchera told parliamentar...

By Staff reporter | Published: 11 June 2019

TELECOMS & TECHNOLOGY

Telecel to clear licensing arrears

MOBILE operator Telecel Zimbabwe has said it is now targeting to clear its licensing obligations of US$137,5 million to Government by 2020. In 2013 the mobile operator made an arrangement with the Pos...

By Staff reporter | Published: 11 June 2019

INDUSTRIALS & ENERGY

Innovative tobacco barn unveiled

A LOCAL engineering firm, Mamsen Engineering, has developed an energy-efficient Twin-Turbo tobacco curing barn that is set cut energy bills for tobacco farmers and reduce the impact on the environment...

By Staff reporter | Published: 11 June 2019

TRANSPORT & TOURISM

Air Zimbabwe passengers hit by disruptions

Air Zimbabwe passengers face travel disruptions after the airline's only plane in service was sent for repairs.Air Zimbabwe said its Boeing 767-200ER was undergoing a mandatory maintenance check from ...

By Staff reporter | Published: 09 June 2019

TELECOMS & TECHNOLOGY

Messy fight at Telecel

A full-blown brawl is playing out at Telecel Zimbabwe as board members cross swords over attempts to oust current chief executive officer Mrs Angeline Vere over allegations that she turned the mobile ...

By Staff reporter | Published: 09 June 2019

TELECOMS & TECHNOLOGY

Telecoms operators urged to take consumers' grievances seriously

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director-general Gift Machengete has said telecoms operators should take consumers' grievances seriously so that they improve on...

By Staff reporter | Published: 09 June 2019

MINING & RETAIL

Electrosales predicts bleak future

Listed hardware chain, Electrosales, reported a profit after tax of ZWL$2,5 million in the six months to March compared to ZWL$2 million during the same period last year, but the company has warned of...

By Staff reporter | Published: 09 June 2019

INDUSTRIALS & ENERGY

Toyota working towards driving Zimbabwe Motor industry

TOYOTA Zimbabwe is working on expanding its business in the country in anticipation of a boom in the motor industry buoyed by the Government's efforts to revive the country's economy.In an interview w...

By Staff reporter | Published: 09 June 2019

BUSINESS NEWS

Govt 300% fee hike irks industry

The government would to increase statutory fees for the mining sector by almost 300% in a move that has raised the ire of mining representative bodies.Application fees for platinum and chrome (ordinar...

By Staff reporter | Published: 05 May 2019

LANDS & AGRICULTURE

Schweppes' tomato business teetering

BEVERAGES maker Schweppes Zimbabwe Limited's (SZL) newly introduced tomato business is struggling to find its feet due to lack of competitiveness.SZL commercial and public affairs director Mrs Unaiswi...

By Staff reporter | Published: 05 May 2019

LANDS & AGRICULTURE

Belarus to set up state-of-the-art dairy facility in Zimbabwe

BELARUS has set sights on establishing a state-of-the-art dairy facility in Zimbabwe as part of efforts to improve milk production in the country.Lands, Agriculture, Water, Climate and Rural Resettlem...

By Staff reporter | Published: 05 May 2019

LANDS & AGRICULTURE

Mashonaland hay for drought affected areas

EFFORTS are being made to move hay from Mashonaland region to the southern part of the country so as to save livestock in these areas from succumbing to the effects of drought, an official said.Agricu...

By Staff reporter | Published: 05 May 2019
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