Low-cost carrier, fastjet will add two flights between Harare and Victoria Falls next month amid growing demand for the service.The additional flights will see the airline serving the route with twice...
THE Zimbabwe Asset Management Corporation (Zamco) is in talks with Merlin Limited shareholders over a possible bailout that will assist the company to acquire new equipment to operationalise its new b...
Zimbabwe's point-of-sale (POS) machine population increased by 18,3 percent in the first quarter of the year to 70 960. For the same period, there was also a marginal increase in the country's number ...
ECOBANK Zimbabwe, a unit of Togo-based Ecobank Transnational Inc, is arranging a $45 million line of credit to fund importation of critical raw materials, an official has said. Zimbabwe is grappling w...
Small scale gold miners say they are keen to partner big miners and benefit from technology transfer as part of their capacity building programme to improve mining systems.The bond between the big min...
Tesla chief executive Elon Musk has accused an employee of carrying out "extensive and damaging sabotage" at the electric carmaker.In an email to staff, Mr Musk said an unnamed employee made unspecifi...
RAINBOW Tourism Group Limited has posted a 16 percent growth in revenue to $11,1 million from $9,6 million in the first five months of 2018, spurred by notable recovery in operations following a succe...
AN estimated eight tonnes of gold deals worth close to $300 million are conducted in the informal market with the precious mineral being smuggled to mainly neighbouring South Africa, a senior governme...
SCHWEPPES Zimbabwe Limited and Coca-Cola Zimbabwe have allayed fears the ingredients they use to produce beverages are a health hazard.Schweppes Zimbabwe has recently faced consumer backlash following...
PPC's profit rose due to strong performance in Zimbabwe and Rwanda. Its gross profit rose by 3% year-on-year to US$174m in the financial year that ended on 31 March 2018 from US$169m in the same perio...
A BULAWAYO motorist has taken Old Mutual insurance company, to court for allegedly refusing to pay $30 000 indemnity compensation after his insured car was destroyed by fire last year. Kennedy Senzai,...
ZIMBABWE's coffee production has declined by 16% to 430 tonnes in the 2017/18 season mainly due to price volatility and high costs of production, an official has said. In the previous season, producti...
ALEXANDER Forbes Group Holdings Limited chief executive officer Andrew Darfoor says acquiring African Actuarial Consultants (AAC) will grow his company into a regional powerhouse in actuarial consulta...
BULAWAYO textile giant, Archer Clothing Manufacturers' efforts to push for more exports into the United States (US) were hampered by Zimbabwe's ineligibility under the African Growth and Opportunities...
SCHWEPPES Zimbabwe Limited has added three artificial sweeteners to the Mazoe concentrated drinks which are feared to cause cancer and brain cell damage among other diseases, if consumed in large quan...
THE Hwange Colliery Company board should be immediately reconstituted as it lacks capacity and experience to transform the ailing giant coal mine, the Parliamentary Portfolio Committee on Mines and En...
The world's largest diamond producer by output, Alrosa of Russia, is interested in investing in exploration and mining in Zimbabwe, while also exploring the prospects of bilateral co-operation in te...
Zimbabwe is likely to surpass the 2017 /18 targeted tobacco output of 200 million kilogrammes, given that farmers have already delivered 190 million kgs, with over 50 days to go before the marketing s...
South Africa's Alexander Forbes Group Holdings on Friday said its acquisition of a significant stake in African Artcurial Consultants has received all the necessary relevant regulatory approvals. Andr...
LOCAL airline Sol Air has clinched a deal with Hong Kong investor YAYA Sun which is set to inject more than US$100 million into the business. The new investment will allow the airline to introduce dom...
Fidelity Life Assurance Ltd CE Reuben Java is in the eye of a storm after it emerged this week that he was awarded an annual bonus when he was appointed to the helm in October last year at a time the ...
Minority shareholders in Rainbow Tourism Group (RTG) refused to approve directors' fees amounting to US$95 000 and their reappointment to the board at an annual shareholders meeting this week, but los...
Gold miners are currently paying 14 cents per (KWH); they are paying at a premium while other users are paying 10 centsGold deliveries to Fidelity Printers and Refiners (FPR) increased 100% in the fou...
Zimbabwe Nickel Exploration Co is planning to invest about $340 million towards re-opening Empress Mine in central Zimbabwe and building a processing plant, sources have disclosed. The com...
The absence of police on the country's roads has left individuals, corporate and insurance companies exposed to serious risks caused by flouting of regulations by unlicensed cars and drivers as well a...