INDUSTRIALS & ENERGY

Zim woman signs a R13 million energy deal

A South African based women's investment Initiative Black Women in Business Forum (BWBF) has agreed to sign an investment deal with Zimbabwe's Leading Business Women's Association (LBWA). The investme...

By Staff reporter | Published: 13 June 2018

TRANSPORT & TOURISM

Air Zim carriers among top defaulting airlines

Angola, Sudan and Zimbabwe are among the top five countries with national carriers that are failing to repatriate revenue from ticket sales to other airlines, APA reported on Tuesday.According to the ...

By APA | Published: 13 June 2018

MINING & RETAIL

Tharisa deepens Zim exposure with platinum deal

South African miner Tharisa on Wednesday deepened its exposure to Zimbabwe, saying it had bought a 26.8 percent shareholding in Karo Mining Holdings for $4.5 million.It also bought chrome business Sal...

By Reuters | Published: 13 June 2018

LANDS & AGRICULTURE

Zimbabwe to add 20 000 cows

The country is expected to add over 20 000 cows to its national herd within the next months following the successful implementation of Zas-led artificial insemination process, a senior government offi...

By Staff reporter | Published: 13 June 2018

LANDS & AGRICULTURE

Poultry feeds production up 10% in Q1

POULTRY feeds production increased by 10% in quantity to 74 241 metric tonnes (mt) in the first quarter of the year, raking in more than $46 million, an industry official has said.In an industry updat...

By Staff reporter | Published: 13 June 2018

MINING & RETAIL

Diamond deposits discovered in Mashonaland East

RICH diamond deposits have been discovered in Marondera West, with government saying it would only start mining operations after crafting a new diamond law in August.President Emmerson Mnangagwa confi...

By Staff reporter | Published: 13 June 2018

TELECOMS & TECHNOLOGY

'Makamba remains in charge of Telecel'

AS the Telecel Zimbabwe ownership wrangle rages on co-founder, Dr James Makamba, has refuted media reports that he has exited the country's third largest mobile network operator, saying he remains in ...

By Staff reporter | Published: 13 June 2018

FINANCIAL SERVICES

FML profit up 35%

Insurance giant First Mutual Holdings Limited (FMHL) recorded a 35 percent jump in profit after tax to $5 million in the five months to May 2018, compared to $3,7 million achieved in the same period l...

By Staff reporter | Published: 13 June 2018

MINING & RETAIL

Rushwaya takes over mining leadership

SHANGHANI Gold Miners' Association executive member, Ms Henrietta Rushwaya, is set to take over as new Zimbabwe Miners' Federation (ZMF) president tomorrow after she successfully filed her nomination ...

By Staff reporter | Published: 13 June 2018

MINING & RETAIL

Govt explores limestone deposits in Zvishavane

Government has started exploration of limestone deposits in Zvishavane which have the potential to generate millions of dollars for the country.Mines and Mining Development Minister Winston Chitando s...

By Staff reporter | Published: 13 June 2018

MINING & RETAIL

ZCDC targets 10 million carats per year

STATE diamond mining entity, Zimbabwe Consolidated Diamond Company (ZCDC), will invest $400 million under its vision 2025 plan as part of efforts to meet set production target of at least 10 million c...

By Staff reporter | Published: 13 June 2018

LANDS & AGRICULTURE

SeedCo contends with production shortfall

SeedCo says it is occupied with dealing with product shortfalls which have negatively impacted on the seed company.The Zimbabwe Stock Exchange-listed pan-African company's chief executive officer Morg...

By Staff reporter | Published: 12 June 2018

TRANSPORT & TOURISM

Proflight Harare-Lusaka tickets go live

Tickets for Proflight Zambia's new route between Harare and Lusaka go on sale from today (June 12) ahead of the launch of the service on July 9, 2018.The airline will fly four times a week, on Monday...

By Agencies | Published: 12 June 2018

TELECOMS & TECHNOLOGY

Telecel saga continues, Makamba hangs to shares

A RENEWED ownership wrangle has erupted over the country's third-largest mobile network operator, Telecel Zimbabwe, following the return of self-exiled businessman and co-founder James Makamba after...

By Ngoni Shenjere | Published: 12 June 2018

FINANCIAL SERVICES

Zim banks' difficulties in sourcing credit lines

Zimbabwean banks - which include units of Standard Bank, Nedbank and Standard Chartered - are facing challenges in sourcing lines of credit, and this has seen their foreign liabilities declining, poin...

By Staff reporter | Published: 12 June 2018

MINING & RETAIL

China's Tsingshan mulls $1bn steel plant in Zim

China's unlisted Tsingshan Holding Group on Monday signed a $1 billion outline agreement with Zimbabwe to build a steelmaking plant there after completing a feasibility study.President Emmerson Mnanga...

By Reuters | Published: 12 June 2018

FINANCIAL SERVICES

ATI to double cover on Zimbabwe

Africa Trade Insurance Agency (ATI) says it will double its insurance cover on Zimbabwe to $500 million this year amid increased interest from investors.Zimbabwe became a member of ATI last year with ...

By Staff reporter | Published: 12 June 2018

FINANCIAL SERVICES

Barclays Bank Zimbabwe to change name

BARCLAYS Bank Zimbabwe (BBZ) has announced plans to change its name to First Capital Bank Limited following the financial institution takeover by First Merchant Bank of Malawi last year.Last October, ...

By Staff reporter | Published: 12 June 2018

TELECOMS & TECHNOLOGY

NetOne to fund 500 SMEs

STATE-owned mobile telecommunications firm, NetOne, has come up with a programme to capacitate 500 Small to Medium Enterprises (SMEs) across the country and help them create jobs in the next few month...

By Staff reporter | Published: 12 June 2018

TRANSPORT & TOURISM

KLM Cargo increases flights into Zimbabwe

Dutch airline KLM Cargo now flies four times a week into Harare, with Netherlands Ambassador to Zimbabwe Mrs Barbara Van Hellemond yesterday saying she was hopeful trade between the two countries woul...

By Staff reporter | Published: 12 June 2018

TRANSPORT & TOURISM

ZTA engages comedians to market destinations

In a drive to increase domestic tourism, the Zimbabwe Tourism Authority has engaged comedians to tour various destinations, marketing them on social media. The project commenced last week with veteran...

By Staff reporter | Published: 12 June 2018

CONSTRUCTION & PROPERTY

IDBZ raises $26m for housing

The Infrastructure Development Bank of Zimbabwe (IDBZ) raised $26,6 million in 2017 for housing projects across the country, as it pressed ahead with its mandate of infrastructure financing. This come...

By Staff reporter | Published: 12 June 2018

LANDS & AGRICULTURE

Tobacco farmers gross over $500m

Tobacco farmers have grossed $515,1 million from 177,8 million kilogrammes that have been delivered 52 days into the 2018 marketing season, a gain of more than $95 million on revenues realised during ...

By Staff reporter | Published: 12 June 2018

INDUSTRIALS & ENERGY

Powerspeed expansion drive paying off

Profit for hardware retail chain Powerspeed Electrical Limited, for the half year to March 31, 2018 surged 252 percent to $2 million on product range expansion and availability. Turnover jumped 55 per...

By Staff reporter | Published: 12 June 2018

TRANSPORT & TOURISM

Rising confidence drives hotel occupancy levels

OCCUPANCY rates for Zimbabwean hotels have risen significantly since beginning of the year on the back of growing confidence in Zimbabwe after President Mnangagwa was sworn into office in November las...

By Staff reporter | Published: 12 June 2018
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