MINING & RETAIL

Zim to sign $700 million coal-bed methane deal

Zimbabwe’s government plans to sign a $700 million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said.The accord comes as new President Emmerson Mn...

TRANSPORT & TOURISM

fastjet maintains punctuality in Q1

Low cost carrier, fastjet, ended the first quarter of 2018 with an on-time performance of 90% across its network, underlining its reliability and punctuality.The airline operates in Tanzania, Zimbabwe...

CONSTRUCTION & PROPERTY

Zimre begins work on $13m Victoria Falls complex

ZIMRE Properties has started construction of its $13 million mall in Victoria Falls following approval by council.The local authority which is looking forward to similar investments in the resort town...

TELECOMS & TECHNOLOGY

Powertel scoops ZITF 2018 Best Exhibitor Award

Local Internet Access Provider and telecommunications giant, Powertel Communications, walked away with the coveted Silver Medal Award for setting up the 2nd Best ICT Exhibit during the ZITF 2018 showc...

TELECOMS & TECHNOLOGY

Orange invests in Africa's Talking

Orange Digital Ventures Africa, the Orange investment fund's new initiative for Africa launched last June, is proud to announce its first investment, helping Africa's Talking to raise $8.6 million alo...

TRANSPORT & TOURISM

ZimAirways scandal: More dirty lies exposed

The Zimbabwe Anti-Corruption Commission (Zacc) is steering clear of a suspected multi-million illegal deal involving a new airline, Zimbabwe Airways (ZimAirways), which is linked to former president R...

INDUSTRIALS & ENERGY

Schweppes unit eyes jump in output

SCHWEPPES Zimbabwe's fruit processing and juice blending division - Beitbridge Juicing - targets to process 25 000 tonnes of fruit in 2018, up 67% compared to the figures it achieved last year.Schwepp...

TELECOMS & TECHNOLOGY

MTN, Ecobank target Africa expansion

MTN and Ecobank are forming task teams to identify the most appropriate financial services products for each of the 13 African markets they plan to target jointly.MTN signed an agreement with the Nedb...

LANDS & AGRICULTURE

Arda secures investor for Balu Estate

THE Agricultural Rural Development Authority (Arda) has secured an investor for a pecan nuts and livestock project to be established at Arda Balu Estate in Umguza District, an official has said.In an ...

TELECOMS & TECHNOLOGY

Local producers urged to feed Zimdigital project

THE Permanent Secretary in the Ministry of Information, Media and Broadcasting Services, George Charamba, says the ongoing Zimdigital project presents an opportunity for local artists to show their cr...

INDUSTRIALS & ENERGY

Delta pours $3 million into barley farming

LISTED beverages manufacturer, Delta Corporation Limited, says it has so far spent close to $3 million on its barley contract farming scheme targeting a yield of 33 000 tonnes this year.Over the years...

FINANCIAL SERVICES

Stanbic Zim unveils special financing for exporters

Stanbic Bank Zimbabwe (Stanbic) on Monday unveiled a special facility under which it will provide financing to struggling companies involved in the export business to meet their capital needs.Under th...

MINING & RETAIL

Prospect raises $25m to spend on Arcadia lithium project

An Australia-listed firm Prospect Resources, says it has set aside at least $25 million to fund the construction of a mine and plant at its Arcadia lithium project situated about 38km East of the capi...

LANDS & AGRICULTURE

Farmers fail to draw $300 cash a day

Banks operating at tobacco auction floors are not giving farmers a daily cash allocation of up to the $300 set as a maximum by the Reserve Bank of Zimbabwe. Farmers saying the banks are giving them a ...

MINING & RETAIL

Makomo coal production dips by 37%

COAL miner Makomo Resources says production at its Hwange mine has plummeted by 38% in year-to-date due to machinery breakdowns and shortage of foreign currency.Makomo managing director Raymond Mutoko...

MINING & RETAIL

Forex shortages stunt Makomo

Foreign Currency shortages are stunting Makomo Resources' growth plans to double its coal production in what could spur the coal mining company's footprint on the local market. Makomo is one of the co...

LANDS & AGRICULTURE

Jatropha plant set for rebirth

Government is looking at reviving the Mt Hampden bio diesel plant–about 18 kilometres north of Harare initially established to process jatropha seed. However, this time it will process different typ...

MINING & RETAIL

Falgold seeks to raise $30m

Zimbabwe Stock Exchange listed gold miner, Falcon Gold, is targeting to raise $30 million to finance a tailings treatment plant, working capital and exploration on four gold assets in Shurugwi, Midlan...

TELECOMS & TECHNOLOGY

NetOne launches airtime bonus promotion

Telecommunications giant, NetOne has launched a 100 percent airtime bonus promotion for its prepaid and OneFusion subscribers who purchase airtime using its mobile financial service - OneMoney.The sub...

TELECOMS & TECHNOLOGY

We're clean on disappearing data, says Econet

ECONET Wireless yesterday maintained that its subscribers are not facing disappearing data problems on their network and advised clients experiencing the challenges to contact the company.In a stateme...

INDUSTRIALS & ENERGY

Zimbabwe Institute of Foundrymen re-launched

LOCAL foundries have re-launched the Zimbabwe Institute of Foundrymen (ZIF) whose mandate is to help lobby Government about issues affecting the sector.The new ZIF executive is made up of Mr John Mhla...

FINANCIAL SERVICES

Zimnat opens specialist division

INSURANCE group, Zimnat has established a specialist division offering trade credit insurance to cover the risk of payment default.The move follows promising economic prospects in the country. The new...

Colliery Q1 output shoots up 100%

HWANGE Colliery Company Limited (HCCL)'s production shot up by more than 100 percent in the first quarter of 2018 to 232 000 tonnes per month from a lowest average of about 100 000 in the first quarte...

LANDS & AGRICULTURE

Command Livestock Scheme gets rolling

VICE President Constantino Chiwenga yesterday handed over the first batch of 200 heifers to 66 cattle farmers from two provinces of Matabeleland North and South under the $300 million Command Livestoc...

FINANCIAL SERVICES

Banks urged to reduce interest rates

THE Reserve Bank of Zimbabwe (RBZ) was engaging banks to reduce interest rates on loans to stimulate production across various sectors of the economy, Vice-President Constantino Chiwenga has said.Spea...