MINING & RETAIL

Zimplats spends $72million on Bimha Mine

ZIMBABWE'S largest platinum producer, Zimplats, has spent $72 million of the $101 million that was set aside for the redevelopment of Bimha Mining project, one of the company's mines. In a production ...

MINING & RETAIL

Zimbabwe courts diamond buyers in Belgium

Mines and Mining Development Minister Winston Chitando, who is leading a Zimbabwean delegation attending the Kimberly Process meetings in Belgium, yesterday visited Antwerp World Diamond Centre to cou...

MINING & RETAIL

Mimosa to up production

ZVISHAVANE-based platinum mine, Mimosa, is set to increase its production to 270 000 tonnes per month from 230 000 tonnes which the company is producing. In an interview during a media tour of the min...

TELECOMS & TECHNOLOGY

CardEx, Entrust Datacard partner for Zimbabwe market

Electronic card producer CardEx, has partnered a United Arab Emirates-based firm Entrust Datacard with a view to entering the Zimbabwean market. There has been growing demand for electronic cards on t...

TRANSPORT & TOURISM

Zimbabwe braces for tourist boom

Government is putting in place measures to accommodate the influx of tourists expected after Zimbabwe was named one of the best countries in the world to visit in 2019, a Cabinet minister has said. En...

Steelmakers in trouble over debt

Steelmakers Zimbabwe (Private) Limited in Redcliff, Kwekwe is being sued over a debt owed to an oxygen cylinder supplier.This comes after the two parties signed a deal in early 2016 which later collap...

INDUSTRIALS & ENERGY

Simbisa postpones LSE listing

SIMBISA Brands has postponed its planned secondary listing on the London Stock Exchange (LSE)'s Alternative Investment Market (AIM) to a later date.The country's largest fast-food restaurant operator ...

MINING & RETAIL

Tharisa sets aside $3,2m for Great Dyke exploration

EUROPEAN headquartered integrated resource group, Tharisa says it will spend $3,2 million on the special grant areas along the Great Dyke for the initial exploration programme.The exploration will be ...

MINING & RETAIL

Mine Entra attracts more exhibitors

THIS year's 23rd edition of the Zimbabwe premier mining, engineering and transport, Mine Entra exhibition has attracted more exhibitors compared to the previous showcase, an indication of renewed conf...

MINING & RETAIL

RioZim H1 gold output rises

Resources group, RioZim Limited's half year gold production rose 20 percent to 1 050 kilograms from 873 kilograms in the same period last year as production at its three mines was ahead of comparable ...

TRANSPORT & TOURISM

Fastjet set to fly 500,000 passengers

LOW-cost airline Fastjet says it is on course to fly almost 500 000 passengers on its Zimbabwean routes this year.Hein Kaiser, the group's spokesperson, said the regional airline carries around 40 000...

INDUSTRIALS & ENERGY

Archer Clothing reports drop in orders

BULAWAYO textile giant, Archer Clothing Manufacturers, says it is struggling to process orders owing to a shortage of foreign currency for importation of inputs, machinery and equipment.The company es...

MINING & RETAIL

30 000 artisanal miners register to regularise operations

ONLY 30 000 of the estimated 1,5 million artisanal and small-scale miners have regularised their operations owing to high levies charged by government, Zimbabwe Miners Federation president Henrietta R...

INDUSTRIALS & ENERGY

Simbisa's profits surge 139% in FY2018

SIMBISA Brands Limited (Simbisa), a public-listed company that owns, operates, and franchises quick service restaurants in Africa, has reported a more than double growth in net income in the full-year...

INDUSTRIALS & ENERGY

AfDB begins to secure $4bn for Batoka development

THE African Development Bank (AfDB) has begun implementation of a resource mobilisation plan to secure an estimated $4 billion for the development of the 2 400 megawatts Batoka Gorge Hydro Electricity...

INDUSTRIALS & ENERGY

Proplastics basks in good business

PLASTIC pipes and fittings manufacturer, Proplastics Limited, recorded a strong performance in the first six months of 2018 with a 70 percent jump in revenue from $6,3 million to $10,8 million when co...

TRANSPORT & TOURISM

International airlines raise red flag over funds

INTERNATIONAL airlines operating in Zimbabwe are reportedly contemplating cancelling their routes after failing to recover a cumulative more than $130 million repatriation funds they are owed by the c...

MINING & RETAIL

RioZim loses court case

Diversified mining group, RioZim Ltd's latest attempt to have the loan it obtained from Trust Bank reduced to $500 000 from $1,8 million suffered another setback after the High Court of Zimbabwe dismi...

BUSINESS NEWS

Prices zoom out of control

The price of cooking oil has shot up by more than 20 percent, adding to the cost-push inflationary pressures triggered by the recent wave of price adjustments. A survey showed that the standard price ...

MINING & RETAIL

Chrome producers engage MMCZ over pricing

SMALL-SCALE chrome miners have engaged the Mineral Marketing Corporation of Zimbabwe (MMCZ) to adopt a market-based pricing system to cut out losses and nurse the sector back to viability.Small-scale ...

MINING & RETAIL

Govt to improve diamond sector governance

MINES minister Winston Chitando says the national diamond policy, which is expected to improve the governance of the sector, is now "imminent".The policy will be launched by President Emmerson Mnangag...

FINANCIAL SERVICES

NicozDimond, Tristar merger commences

The directors of Tristar Insurance Company Limited (Tristar), a short-term insurance unit of First Mutual Holdings Limited (FML), have passed a resolution to seek the approval of the Minister of Finan...

MINING & RETAIL

Boom in Mine Entra bookings reflects growing business confidence

This year's edition of the Mining, Engineering and Transport (Mine Entra) expo is already 93% booked, a sign of growing business confidence in the sector and strong international interest in doing bus...

TELECOMS & TECHNOLOGY

AMH gets content distribution licence

The Broadcasting Authority of Zimbabwe (BAZ) has granted Alpha Media Holdings (AMH) subsidiary company, Heart & Soul Broadcasting Services (Private) Limited a third broadcasting licence.Heart &...

TELECOMS & TECHNOLOGY

NetOne swings to profitability

State-owned mobile network operator NetOne swung to profitability in the eight months to August 31, 2018, as profit rose 105 percent to $1,3 million from a loss of $26 million in the prior comparable ...