INDUSTRIALS & ENERGY

Stop exporting raw hides, Comesa told

ZIMBABWE and her peers within the Comesa region should stop exporting raw hides and scale up value-addition initiatives in order to benefit from the $130 billion global leather industry, the programme...

By Staff reporter | Published: 18 July 2018

LANDS & AGRICULTURE

SeedCo to raise $19,2m for regional expansion

Regional seed manufacturer Seed Co Limited seeks to raise $19 million through a partial unbundling, which will also result in separate listings of its regional operations. The seed producer wants to u...

By Staff reporter | Published: 18 July 2018

MINING & RETAIL

Govt to open Sengwa Coal Mine

Government will soon open Gokwe's Sengwa Coal mine as the country seeks to expand energy and electricity generation sources that is critical to the resuscitation of industries in the country, Vice Pre...

By Staff reporter | Published: 18 July 2018

MINING & RETAIL

Chrome production tumbles

Zimbabwe's chrome production has come under heavy scrutiny with several constraints being cited as reasons for low productivity levels.It emerged during a consultative meeting on chrome in Harare toda...

By Staff reporter | Published: 17 July 2018

MINING & RETAIL

Zimbabwe's gold output hits 10-year high

Gold output in Zimbabwe has generated close to a billion dollars in foreign currency receipts in the first six months of this year, the highest level in 10 years, thanks to higher production from smal...

By Staff reporter | Published: 17 July 2018

MINING & RETAIL

MMCZ to set up chrome price control team

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will soon establish a price-regulating team to control chrome prices for the international and domestic markets.Speaking at a chrome small...

By Staff reporter | Published: 17 July 2018

BUSINESS NEWS

Cigar wrapper farming lucrative business

Tobacco farmers in Burma valley have now shifted to cigar wrapper farming so they could receive direct payments into their accounts for their crop.Tobacco Industry Marketing Board spokesperson Isheune...

By Staff reporter | Published: 17 July 2018

INDUSTRIALS & ENERGY

Merlin finalising $5m funding facility with govt

TEXTILE company, Merlin, expects to finalise arrangements on the $5 million funding facility from government in the next "few" weeks, an official has said.In his progress update report presented at th...

By Staff reporter | Published: 17 July 2018

TELECOMS & TECHNOLOGY

Broaden access to ICTs, Potraz challenged

President Mnangagwa has challenged the Postal and Telecommunications Regulatory Authority (Potraz) to be more transparent in the deployment of the universal services fund (USF) to ensure broader acces...

By Staff reporter | Published: 17 July 2018

TRANSPORT & TOURISM

Meikles to expand Victoria Falls Hotel

Hospitality group, Meikles Limited, intends to expand its Victoria Falls Hotel in the resort town as it positions itself to capitalise on the anticipated boon in the tourism sector driven by the expec...

By Staff reporter | Published: 17 July 2018

MINING & RETAIL

12 mining firms granted prospecting orders

The Mines and Minerals ministry has granted eight mining companies with exclusive prospecting orders for a period of three years while four companies have been granted special grants for the same peri...

By Staff reporter | Published: 16 July 2018

INDUSTRIALS & ENERGY

NatPharm looks for hospital equipment

State-run National Pharmaceutical Company of Zimbabwe (NatPharm) is seeking bidders for the supply, installation and commissioning of Intensive Care Unit (ICU) equipment. In a Government Gazette publi...

By Staff reporter | Published: 16 July 2018

MINING & RETAIL

Meikles profits rise 225%

Zimbabwe Stock Exchange listed conglomerate, Meikles Limited, says pretax profits for the year ended March 31, 2018 grew by 225 percent to $19,2 million, from $5,9 million during the prior comparable ...

By Financial Gazette | Published: 16 July 2018

TELECOMS & TECHNOLOGY

Masiyiwa inks Cape to Cairo fibre network deal

Telecom Egypt has signed a memorandum of understanding with Liquid Telecom to enable the pan-African group to complete Africa's terrestrial fibre network stretching across the African continent, the c...

By Reuters | Published: 16 July 2018

INDUSTRIALS & ENERGY

Preps for Hwange expansion underway

PRELIMINARY works for the $1,5 billion Hwange Thermal Power Station expansion project have begun with engineers already onsite undertaking geo-technical surveys and site clearance, an official said.La...

By Staff reporter | Published: 16 July 2018

TRANSPORT & TOURISM

Peace dividend boosts tourism sector

THE Zimbabwe Tourism Authority (ZTA) says the peaceful environment prevailing in Zimbabwe should continue beyond the election period to consolidate the positive trajectory being experienced in the tou...

By Staff reporter | Published: 16 July 2018

TRANSPORT & TOURISM

Mugabe's planes ready to fly

Government says one of the four long-haul planes acquired from Malaysia, the Boeing 777-200ER, has no mechanical problems and was only taken back to Kuala Lumpur for routine maintenance, which is a pr...

By Staff reporter | Published: 16 July 2018

TRANSPORT & TOURISM

Govt realigns Air Zimbabwe, Zimbabwe Airways

Government is realigning operations and organisational structures of Air Zimbabwe and Zimbabwe Airways for both to operate under one board. In an interview, Transport and Infrastructural Development M...

By Staff reporter | Published: 16 July 2018

FINANCIAL SERVICES

Agribank's net income grows

AGRIBANK's net income is improving, an indication of the financial institution's stability as it can meet its operating expenses from interest, a recent survey has revealed.According to the 2017 Zimba...

By Staff reporter | Published: 15 July 2018

CONSTRUCTION & PROPERTY

Construction industry growth prospects dim

Zimbabwe's construction industry will only grow by an average of 5% in the next five years due to economic challenges facing the country, BMI Research, a Fitch Group company, has revealed.Speaking at ...

By Staff reporter | Published: 15 July 2018

FINANCIAL SERVICES

Insurers reel from chaos

INSURANCE companies are reeling from the mayhem on the country's roads caused by reduced police presence amid revelations of a sharp increase in loss ratios of vehicles being mostly used as illegal ta...

By Staff reporter | Published: 15 July 2018

LANDS & AGRICULTURE

Market garden thrives

RESIDENTS from the high-density suburb of Emganwini in Bulawayo have turned a 3,5 hectare piece of land into a thriving urban market garden which has begun to transform livelihoods of a number of impo...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

Zimbabwe exports shoot up marginally

ZIMBABWE's exports increased by 1,8 percent last month rising from $267,1 million in May to $384,4 million in the month of June, official trade figures show.The improved month-on-month export performa...

By Staff reporter | Published: 15 July 2018

FINANCIAL SERVICES

Women's bank to roll-out agent banking facilities

THE Zimbabwe Women''s Microfinance Bank (ZWMB) is in the process of rolling out agent banking facilities as it seeks to improve financial inclusion especially in remote areas, a Cabinet official said....

By Staff reporter | Published: 15 July 2018

TRANSPORT & TOURISM

NRZ deal nears finalisation

Finalisation of the National Railways of Zimbabwe (NRZ) US$400 million recapitalisation deal is progressing well, with closure expected in the near future.The Diaspora Infrastructure Development Group...

By Staff reporter | Published: 15 July 2018
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