INDUSTRIALS & ENERGY

Soya beans shortage hits URL operations

DIVERSIFIED agro-products manufacturer United Refineries Limited (URL) says it continues to operate at between 40 and 50 percent of capacity due to low production of soya beans in the country and the ...

By Staff reporter | Published: 26 July 2018

INDUSTRIALS & ENERGY

Forex shortages frustrate Bulawayo clothing factory

ONE of Bulawayo's clothing factories, Femina Garments, is operating at 30 percent capacity utilisation due to persistent foreign currency challenges, blamed for frustrating operations.The company's ma...

By Staff reporter | Published: 26 July 2018

TELECOMS & TECHNOLOGY

'Airtime tax hurting consumers'

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director general, Dr Gift Machengete, has called for increased collaboration between policy makers and operators towards further...

By Staff reporter | Published: 26 July 2018

LANDS & AGRICULTURE

Bull sold for $24,000 at livestock auction

ZIMBABWE's annual premier breeding livestock auction, National Bull Sale, saw the price for the most expensive beast in the bulls category vault 195 percent to $24 000 up from the $8 400 recorded at l...

By Staff reporter | Published: 26 July 2018

LANDS & AGRICULTURE

Zimbabwe earns $217m from Virginia tobacco

Zimbabwe has so far earned $216,8 million after exporting 51,3 million kilogrammes of tobacco to 52 countries, a setback of $72,8 million on export earnings realised during the same period last year. ...

By Staff reporter | Published: 26 July 2018

MINING & RETAIL

ZMDC shortlists SA, Canadian investors

THE Zimbabwe Mining Development Corporation (ZMDC) has shortlisted Canadian and South African investors for joint venture partnerships to resuscitate its defunct gold and graphite mines in the country...

By Staff reporter | Published: 26 July 2018

TELECOMS & TECHNOLOGY

EcoCash charges further slashed

LEADING mobile telecommunications company Econet Wireless Zimbabwe has further lowered its EcoCash transaction tariffs with effect from August 1, 2018.In a notice issued yesterday, Econet said sending...

By Staff reporter | Published: 26 July 2018

FINANCIAL SERVICES

Investors target Agribank

SEVERAL investors have been lined up to snap a significant stake in Agribank, as government moves to recapitalise the financial institution.The agro-focused bank - wholly owned by government - is stru...

By Staff reporter | Published: 26 July 2018

MINING & RETAIL

SA gold unions reject insulting wage increase proposals

Gold wage negotiations between producers, AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef, and representative unions, the Association of Mineworkers and Construction Union (AMCU),...

By Agencies | Published: 25 July 2018

TELECOMS & TECHNOLOGY

Potraz launches telemedicine pilot project

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has launched a telemedicine pilot project in Manicaland. The move is aimed at expanding the Pan African e-network telemedici...

By Staff reporter | Published: 25 July 2018

CONSTRUCTION & PROPERTY

Brick prices soar 12%

Zimbabwe's leading brick making companies have raised prices by almost 12 percent on strong demand largely driven by increased construction activity in the economy. A survey shows that Willdale and Be...

By Staff reporter | Published: 25 July 2018

LANDS & AGRICULTURE

Farm workers get $5 salary increment

FARM workers have been given a salary increment of between $5 and $7 amid concern that union officials who negotiated the adjustments failed to adequately represent the interests of their lowly-paid m...

By Staff reporter | Published: 25 July 2018

MINING & RETAIL

Mnangagwa urges sensitivity in mining operations

PRESIDENT Emmerson Mnangagwa has urged mining companies to adhere to the country's environmental laws to avoid land degradation and environmental pollution during their operations.Speaking during the ...

By Staff reporter | Published: 25 July 2018

MINING & RETAIL

Formulate environment policy to control small-scale miners

AN environmental and cultural rights lawyer has called for a proper and clear policy framework that can enable small-scale miners to operate without harming the environment while contributing to the e...

By Staff reporter | Published: 25 July 2018

TRANSPORT & TOURISM

Zimbabweans top SA tourist arrivals

ZIMBABWE contributed up to two million tourists to South Africa in 2017, becoming the largest source of African visitors to the neighbouring country, a report has shown.Highlights from a recent report...

By Staff reporter | Published: 25 July 2018

FINANCIAL SERVICES

Banks increase withdrawals to $100

DEPOSITORS smiled all the way to banks on Monday and yesterday as banks in Bulawayo offered more cash withdrawals of up to $100, both bond notes and United States dollars.Yesterday, scores of deposito...

By Staff reporter | Published: 25 July 2018

FINANCIAL SERVICES

Low-cost bank accounts up 143%

Zimbabwe's low cost bank accounts have grown by 143 percent to 3,16 million in the first quarter of 2018, according to figures from the Reserve Bank of Zimbabwe (RBZ). The figure represents 57 percent...

By Staff reporter | Published: 25 July 2018

INDUSTRIALS & ENERGY

Govt, steel firm sign coal mining pact

Government yesterday signed a special coal mining grant with iron and steel company Steelmakers that will allow the firm to invest $120 million on expanding its production. With iron and steel plants ...

By Staff reporter | Published: 25 July 2018

MINING & RETAIL

Karo platinum project to create 90 000 jobs

President Mnangagwa yesterday officially launched the $4,2 billion Karo Resources consolidated platinum project in Mhondoro-Mubaira, which is set to create a combined 90 000 jobs as Government steps u...

By Staff reporter | Published: 25 July 2018

INDUSTRIALS & ENERGY

Mnangagwa signs deal to reopen steel plant in Masvingo

President Emmerson Mnangagwa says the re-opening and expansion of a steel plant in Masvingo will promote value addition and create employment.He said in Harare this evening during at a signing ceremon...

By Staff reporter | Published: 24 July 2018

MINING & RETAIL

Mnangagwa commissions $4,2bn platinum project

President Emmerson Mnangagwa has officiated at the groundbreaking ceremony of a $4,2 billion platinum mining project at Karo Resources' Mhondoro-Ngezi mining site, where he noted that projects of this...

By Staff reporter | Published: 24 July 2018

INDUSTRIALS & ENERGY

Mutoko Power Station amends licence

Nyangani Renewable Energy Limited trading as Riverside Power Station, a company licensed under the Electricity Act to construct, own and operate a 2.5 MW solar plant at Musvaire Village in Mutoko, Mas...

By Ngoni Shenjere | Published: 24 July 2018

INDUSTRIALS & ENERGY

Pressure on petrol prices

Petrol prices are marginally increasing at some pump stations after holding steady for the better part of the month.Observers fear the increases, blamed on bottlenecks in the supply chain, could have ...

By Staff reporter | Published: 24 July 2018

LANDS & AGRICULTURE

Raw milk production projected to grow by 12% in 2018

ZIMBABWE'S raw milk production is projected to grow by an average of 12% in 2018, buoyed by government's dairy revitalisation programme which aims at increasing the national herd, an official has said...

By Staff reporter | Published: 24 July 2018

MINING & RETAIL

Small-scale miners receive a major boost

At least 90 plus small scale miners are set to benefit through the opening of Bubi Gold Service Centre in Matabeleland NorthZimbabwe Miners' Federation (ZMF) spokesperson, Dosman Mangisi said the sett...

By Staff reporter | Published: 24 July 2018
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