FINANCIAL SERVICES

Business Hub partners ZB Bank

WOMEN empowerment group Rock the Red Business Hub has partnered with ZB Bank Financial Holdings in a bid to use the financial institution as a conduit for women to access funds from the Reserve Bank o...

By Staff reporter | Published: 22 July 2018

LANDS & AGRICULTURE

Free range chicken breeder eyes Asian market

BULAWAYO-BASED women and girl child empowering non-governmental organisation, Upfumi Kumadzimai-Inotho Kubomama is working on embarking on an extensive free range chicken breeding project as it moves ...

By Staff reporter | Published: 22 July 2018

FINANCIAL SERVICES

Agribank secures $30 million for agriculture

AGRIBANK has obtained a $30 million line of credit from the Industrial Development Corporation South Africa (IDCSA) to support the agriculture sector.The facility is favourably priced at Libor +8,9 pe...

By Staff reporter | Published: 22 July 2018

MINING & RETAIL

Chinese firm begins lime production

CHINESE firm, Ming Chang Sino-Africa Mining Investments has started lime production at its $4 million state-of-the-art plant in Bubi District, Matabeleland North Province.Ming Chang plant manager Mr X...

By Staff reporter | Published: 22 July 2018

FINANCIAL SERVICES

Agribank disburses $80m to agric

Agribank has so far disbursed over US$80 million to the agriculture sector as it seeks to boost productivity and foreign currency generation.The bank, which has been directed by Government to focus on...

By Staff reporter | Published: 22 July 2018

INDUSTRIALS & ENERGY

Chinese firms tighten grip on energy sector

INCREASINGLY, Chinese companies are eyeing Zimbabwe's opportunity-packed energy sector with great interest, and those that have been able to get tenders have remarkably excelled.In 2015, for instance,...

By Staff reporter | Published: 20 July 2018

CONSTRUCTION & PROPERTY

Rental defaults to continue into 2019

INCREASED pressure on rental defaults is seen continuing into 2019 given the tough economic environment which has seen rentals on business premises become unaffordable, a real estate executive says.Da...

By Staff reporter | Published: 20 July 2018

FINANCIAL SERVICES

Pension industry sees drop in assets in Q4 2017

TOTAL assets in the pension industry declined by 6,5% to $4,03 billion in the fourth quarter of last year due to a shrinkage in equity investments that were affected by a drop in equity prices.The Ins...

By Staff reporter | Published: 20 July 2018

MINING & RETAIL

New machinery set to move mountains for Makomo

PRIVATE Hwange coal miner, Makomo Resources, says it expects to ramp up its production in the third quarter of this year to surpass last quarter's figures by 50% following acquisition of new machinery...

By Staff reporter | Published: 20 July 2018

TRANSPORT & TOURISM

Matobo tourist arrivals surge 11%

TOURIST arrivals at Matobo National Park surged 11% to 11 513 during the first quarter of the year, spurred by the growth in both foreign and domestic arrivals, an official has said.In emailed respons...

By Staff reporter | Published: 20 July 2018

TELECOMS & TECHNOLOGY

Econet declares $20 million dividend

TELECOMMUNICATIONS provider Econet Wireless Zimbabwe has declared a dividend of 0.772c per share amounting to $20 million for the quarter ended May 31, 2018.The shares will trade cum-dividend till Jul...

By Staff reporter | Published: 20 July 2018

LANDS & AGRICULTURE

CSC revival brings hope to livestock farmers

PLAYERS in the livestock industry have hailed efforts by the Government to revive ailing meat processor and marketer, Cold Storage Company (CSC), describing them as a major stride towards enhancing th...

By Staff reporter | Published: 20 July 2018

TRANSPORT & TOURISM

fastjet begins Harare-Bulawayo flights

Low cost airliner, fastjet, is set to land at the Joshua Mqabuko Nkomo International Airport at about 9am today, on the aviation firm's inaugural flight on the Harare-Bulawayo route. This move is in s...

By Staff reporter | Published: 20 July 2018

FINANCIAL SERVICES

Agribank secures $30m line of credit

AGRIBANK has obtained a $30 million line of credit from the Industrial Development Corporation of South Africa (IDCSA) to support the agriculture sector. The facility is favourably priced at Libor +8,...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Cambria raises $2,8 million from open offer

LONDON-listed Cambria Africa Plc says it has raised a total of £2,1 million (US$2,8 million) from an open offer of 191 million ordinary shares issued in May.An open offer is a secondary market offeri...

By Staff reporter | Published: 20 July 2018

TRANSPORT & TOURISM

Air Zimbabwe seeks $6m for planes

Air Zimbabwe (AirZim) requires US$6 million to purchase two Embraer aircraft for its domestic and regional routes, businessdigest reported.As previously reported by the Zimbabwe Independent, AirZim is...

By Staff reporter | Published: 20 July 2018

FINANCIAL SERVICES

Barclays Bank Zimbabwe is hiring

We are searching for graduates who are not only capable of succeeding in our organisation today and are also potential leaders of tomorrow. Our flagship Graduate Trainee Programme is a two year advent...

By Staff reporter | Published: 20 July 2018

LANDS & AGRICULTURE

Agriseeds eyes regional market

LOCAL seed manufacturer Agriseeds (Pvt) Ltd is now looking into the southern African region for potential synergies, as the company looks to lift its capacity to 100% in the next two years.The regiona...

By Staff reporter | Published: 20 July 2018

MINING & RETAIL

Zimasco scales up production

Chrome smelting company Zimbabwe Mining and Smelting Company (Zimasco) has scaled up production in the first half of the year making the company largely in line with its annual target production.Zimas...

By Equity-Axis | Published: 19 July 2018

INDUSTRIALS & ENERGY

Starafrica targets export market

SUGAR processor Starafricacorporation (Starafrica) has upgraded its machinery in a development that has positioned the company to target the regional export market, which it once dominated at the peak...

By Equity-Axis | Published: 19 July 2018

MINING & RETAIL

Unki production up 8,0%

ANGLO American Platinum on Thursday said it's Zimbabwean unit, Unki Mine, increased its platinum group metals production by 8,0 percent to 46 800 ounces in the second quarter due mainly to increased c...

By Ngoni Shenjere | Published: 19 July 2018

FINANCIAL SERVICES

CBZ sweats over US probe

CBZ Holdings Limited is holding its breath while American investigators comb through records of its international transactions to determine the extent of any breaches by the bank of Washington's sanct...

By Staff reporter | Published: 19 July 2018

INDUSTRIALS & ENERGY

Rotten pies land Bakers Inn in court

Masvingo City Council has taken Bakers Inn to court for selling meat pies with micro-organism unfit for human consumption.Emmanuel Katsvamutima, a sales marketing manager at the fast food outlet, appe...

By Staff reporter | Published: 19 July 2018

INDUSTRIALS & ENERGY

Zambia bans popular Zimbabwe juice Mazoe

Health authorities in Zambia are investigating the safety of a popular Zimbabwean juice, Mazoe.There are fears that counterfeit Mazoe products have hit the market and are not fit for consumption.The g...

By Staff reporter | Published: 19 July 2018

TELECOMS & TECHNOLOGY

MTN executive quits

MTN today announced the resignation of Stephen van Coller, Vice President of Digital Services, Data Analytics and Business Development with effect from 31 August 2018. Stephen has resigned to take up ...

By Ngoni Shenjere | Published: 19 July 2018
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