MINING & RETAIL

RioZim looks into upgrading ENR

LISTED mining group, RioZim Limited is exploring various ways to upgrade its Empress Nickel Refinery (ENR) as the plant is a strategic asset with potential to contribute significantly to the economy.R...

By Staff reporter | Published: 02 April 2018

FINANCIAL SERVICES

FBC total income up 13%

FBC Financial Holdings has reported a 13 percent growth in total income to $105 million while profit before tax rose by 14 percent to $29.3 million in the year 2017 from $25.7 million recorded in the ...

By Staff reporter | Published: 02 April 2018

TRANSPORT & TOURISM

ZTA intensifies MICE tourism

THE Zimbabwe Tourism Authority (ZTA) has intensified efforts to unlock more meetings and conferences for the country by reinforcing engagements with different associations.The tourism body acknowledge...

By Staff reporter | Published: 02 April 2018

TRANSPORT & TOURISM

ZTA to crack whip on unregistered operators

THE Zimbabwe Tourism Authority (ZTA) will begin a blitz on unregistered tourism operators, as it moves to restore order in the tourism sector.In January, government issued a moratorium for unregistere...

By Staff reporter | Published: 02 April 2018

INDUSTRIALS & ENERGY

Willdale sales volumes increase

Listed brick-making firm, Willdale Limited's sales volumes during the first five months of the financial year 2018 were 13 percent above same period in the prior year and 1 percent above budget on fir...

By Staff reporter | Published: 02 April 2018

FINANCIAL SERVICES

Agribank offers loans on 99-year leases

AGRIBANK has set aside a minimum of $105 million for the 2018-2019 cropping season, which would be extended to farmers on the basis of collateral and 99-year leases.It becomes the first bank to announ...

By Staff reporter | Published: 02 April 2018

BUSINESS NEWS

Zim launches trade facilitation road-map

Government on Thursday launched a five- year Trade Facilitation Roadmap which seeks to simplify, harmonise and modernise export and import processes, among other things.The road-map, which will be imp...

By Staff reporter | Published: 02 April 2018

INDUSTRIALS & ENERGY

Cottco seeks monopoly

The Cotton Company of Zimbabwe has called on Government to reinstate its monopoly on cotton marketing in order to ensure its viability and combat side marketing of the produce. In an interview recentl...

By Staff reporter | Published: 02 April 2018

LANDS & AGRICULTURE

Mberengwa to get citrus plantation

GOVERNMENT is in the process of establishing a citrus plantation at Manyuchi Dam in Mberengwa as one of the anchor projects aimed at producing export quality horticultural products, a senior Governmen...

By Staff reporter | Published: 02 April 2018

FINANCIAL SERVICES

Carry your cross, banks tell 'looters'

BANKERS' Association of Zimbabwe (BAZ) president Charity Jinya absolved banks of any wrongdoing for putting individuals or companies on the externalisers' list, as the concerned parties had ample time...

By Staff reporter | Published: 02 April 2018

INDUSTRIALS & ENERGY

Zimbabwe imports soil from South Africa

ZIMBABWE is splashing millions of dollars importing soil for making bricks, a situation which further puts pressure on the country's dwindling foreign currency reserves, Confederation of Zimbabwe Indu...

By Staff reporter | Published: 02 April 2018

FINANCIAL SERVICES

Banks admit bungling

Banks have admitted to bungling by delaying to acquit CD1 forms on behalf of their clients to the Reserve Bank of Zimbabwe, a situation that has seen some companies being implicated of externalising f...

By Staff reporter | Published: 02 April 2018

TRANSPORT & TOURISM

Easter spikes hotel occupancy

THE call by the Government to create an investor friendly environment has had a huge impact on the tourism sector which is recording a high number of foreign visitors to the country.The Hospitality As...

By Staff reporter | Published: 01 April 2018

TRANSPORT & TOURISM

Zimbabwe eyes $7bn tourism export earnings

Zimbabwe seeks a seven-fold growth in tourism export earnings - as much as $7 billion by 2030 - to be achieved through effective marketing, product development and facilitation and access, a strategy ...

By Staff reporter | Published: 01 April 2018

MINING & RETAIL

Sabi Gold Mine targets increased production

The government owned Sabi Gold Mine is projecting a 58 percent rise in production this year following the injection of fresh capital by a new investor.The injection of fresh capital in the mine by a n...

By Staff rpeorter | Published: 01 April 2018

INDUSTRIALS & ENERGY

MedTech warns of medicines shortage

PHARMACEUTICALS manufacturing firm, MedTech Holdings, has warned of a looming drugs shortage after it failed to access foreign currency from the Reserve Bank of Zimbabwe (RBZ) to import critical medic...

By Staff reporter | Published: 31 March 2018

FINANCIAL SERVICES

NMBZ plans to maintain LSE listing

NMBZ Holdings says it will maintain its listing on the London Stock Exchange (LSE) because it is one of its biggest platforms for raising cash.NMBZ is listed on the Zimbabwe Stock Exchange and the LSE...

By Staff reporter | Published: 31 March 2018

FINANCIAL SERVICES

Stanbic Bank posts impressive profits

STANBIC Bank Zimbabwe has shrugged off the prevailing harsh economic environment to post an impressive set of results for the year ended December 2017 headlined by a profit after tax of $27.6 million,...

By Staff reporter | Published: 30 March 2018

INDUSTRIALS & ENERGY

Zimpapers revenue up 4%

ZIMPAPERS says revenue for the full year to December 31, 2017, rose 4 percent to $39,1 million, largely driven by growth in broadcasting and the commercial printing division.While the newspaper divisi...

By Staff reporter | Published: 30 March 2018

TELECOMS & TECHNOLOGY

NetOne unveils wi-fi devices

NETONE has donated One-Fi devices to rural district councils to enhance payment to traditional leaders through its Mobile Financial Service platform, OneMoney.Many Rural District Councils are paying v...

By Staff reporter | Published: 30 March 2018

INDUSTRIALS & ENERGY

Financiers interested in Batoka Gorge power project

Zambia and Zimbabwe plan to start construction of a $4 billion power-plant complex that will supply both nations next year.The African Development Bank is advising the Zambezi River Authority on raisi...

By Bloomberg | Published: 29 March 2018

TELECOMS & TECHNOLOGY

Mnangagwa's son-in law was acting as a proxy

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 1...

By Staff reporter | Published: 29 March 2018

TRANSPORT & TOURISM

Air Zimbabwe scandal deepens

THE dodgy project involving Air Zimbabwe (AirZim) and new airline Zimbabwe Airways is getting murkier, amid allegations that some senior government officials are deliberately sabotaging the debt-ridde...

By Staff reporter | Published: 29 March 2018

FINANCIAL SERVICES

RBZ moves to protect mobile money users

THE Reserve Bank of Zimbabwe (RBZ) has amended the National Payment Systems Act to prevent close to five million mobile money subscribers from losing their money should network operators (MNOs) collap...

By Staff reporter | Published: 29 March 2018

MINING & RETAIL

Zimbabwe mining deals must be scrutinised

THE US$4,2 billion platinum investment deal between government and Cyprus-based company Karo Resources, although positive at face value, needs to be scrutinised to ensure transparency and avoid corrup...

By Staff reporter | Published: 29 March 2018
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