LANDS & AGRICULTURE

Kapenta fishing for Tokwe-Mukosi Dam

THE Zimbabwe Parks and Wildlife Management Authority has launched a kapenta fish project at Tokwe-Mukosi Dam where about 100 000 fingerlings have been put for breeding.The initiative buttresses the co...

By Staff reporter | Published: 23 March 2018

FINANCIAL SERVICES

CBZ to avail additional $10m for SMEs loans

ZIMBABWE's largest banking group, CBZ Holdings, will this year avail an additional $10 million loan facility to Small and Medium Enterprises (SMEs) as it seeks to consolidate its support to one of the...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Three Monkeys sets record straight

THREE Monkeys, a restaurant in Victoria Falls whose directors initially refused to comment in stories reported by B-Metro have reached out through lawyers to "correct inaccuracies".While admitting tha...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Gwayi coal mine under Parly spotlight

MAGWEGWE legislator Anele Ndebele on Wednesday grilled Mines minister Winstone Chitando in the National Assembly for allowing Liberation Coal Mine to extract coal near the Gwayi-Shangani Dam, saying t...

By Staff reporter | Published: 23 March 2018

BUSINESS NEWS

Zimbabwe spends $80m on rice importation

ZIMBABWE expects to start commercial rice production in the next season or two as the country moves to cut annual rice importation expenditure of over $80 million, a senior Government official has sai...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Three Monkeys head chef cries racism in court

THE head chef at up-market Victoria Falls restaurant - Three Monkeys says he was in court because of a racially driven agenda.Gregory Uwe Mario Paymans (30) said that when pleading not guilty to assau...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Chitando under fire over Hwange Colliery

LEGISLATORS yesterday took Mines minister Winstone Chitando to task over the plight of Hwange Colliery workers saying since he had failed to resolve the impasse, he should refer the matter to Presiden...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Miners fret over $50m loan facility

Small-scale miners have bemoaned the failure by government to disburse the $50 million loan facility to support local companies involved in the manufacturing of mining and mineral processing equipment...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Miner calls for exploration incentive

The world's sole commercial petalite miner, Bikita Minerals, has urged government to offer incentives to companies who do exploration.Bikita Minerals chief executive officer Grant Hudson told NewsDay ...

By Staff reporter | Published: 23 March 2018

TELECOMS & TECHNOLOGY

Liquid Telecoms to raise cash through IPO

Econet Group subsidiary Liquid Telecom has appointed three global banks to begin a process of listing the company on a major European Exchange. Leading publication TMT Finance, which tracks potential ...

By Business Weekly | Published: 23 March 2018

MINING & RETAIL

No dispute in historic $4bn platinum deal

Mines and Mining Development Minister Winston Chitando yesterday said the land that has been allocated to Karo Resources - which intends to roll-out a $4,2 billion platinum mining project in the Mhond...

By Staff reporter | Published: 23 March 2018

FINANCIAL SERVICES

NMBZ achieves $10 million after-tax profit

NMBZ Holdings' profit before taxation for the year ended 31 December 2017 was $13 017 690. Profit after tax was $9 938 826, an increase of 96 percent over last year's after-tax figure of $5 058 166.It...

By Agencies | Published: 22 March 2018

TELECOMS & TECHNOLOGY

Naspers to raise up to $11bn by trimming Tencent stake

Naspers NPNJn.J is cutting its stake in lucrative Chinese investment Tencent 0700.HK by as much as 2 percent in a deal that could net the South African media and e-commerce group up to $11 billion.Nas...

By Reuters | Published: 22 March 2018

TRANSPORT & TOURISM

DHL Aviation upgrades Harare service to a Boeing 737-400 freight

DHL Aviation, a division of DHL Express responsible for providing air transport capacity, is upgrading its services to Harare. On Friday 23 March German logistics firm DHL will upgrade its Harare serv...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Zimbabwe signs $4.2bn platinum deal

Karo Resources, a company linked to mining entrepreneur Loucas Pouroulis, will spend $4.2 billion on a Zimbabwean platinum project in the first big investment since President Robert Mugabe's ousting i...

By Staff reporter | Published: 22 March 2018

LANDS & AGRICULTURE

First tobacco bale sold for $4.90/kg

THE 2018 tobacco marketing season officially opened yesterday at the Tobacco Sales Floor, with a starting price of $4,90 per kilogramme, up from last year's $4,60 per kg.Although the opening price was...

By Staff reporter | Published: 22 March 2018

INDUSTRIALS & ENERGY

GMB eating our lunch, NatFoods complains

NATIONAL Foods Holdings Limited board chairman, Todd Moyo, has expressed concern over the Grain Marketing Board's (GMB) participation in the local commercial maize meal market.National Foods last week...

By Staff reporter | Published: 22 March 2018

LANDS & AGRICULTURE

Zambia mulls Zimbabwe soya exports ban

ZAMBIAN oil crushers are said to be pushing their government to ban soya bean exports to cushion themselves from tightening supplies, according to a report by Zimbabwe's Stockfeeds Manufacturers Assoc...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Legislative changes in Zim buoy Caledonia

BOUYED by record gold production and political changes in Zimbabwe, Canadian gold mining firm, Caledonia Mining, appears eager to raise at least $4 million and buy back a stake previously ceded to ind...

By Staff reporter | Published: 22 March 2018

TRANSPORT & TOURISM

Air Zimbabwe fails to take off

Scorees of travellers were left stranded at the Robert Gabriel Mugabe International Airport after an Air Zimbabwe flight destined for Johannesburg failed to take off yesterday morning.Air Zimbabwe's m...

By Staff reporter | Published: 22 March 2018

FINANCIAL SERVICES

ABUZ seeks direct contact with international banks

THE Association for Business in Zimbabwe (ABUZ) has implored Government to facilitate direct engagement between international financial institutions and local companies to avoid red tape, which they s...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Simbisa Brands gets AIM secondary listing nod

SIMBISA Brands Limited's shareholders yesterday unanimously gave directors the green light to acquire a 50 percent stake in global family owned and run food and beverages company Foodfund and at the s...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Zimbabwe to introduce special desks for mining

GOVERNMENT will soon introduce mineral specific desks as well as a special desk on artisanal and small-scale mining within the ministry of Mines and Mining Development as part of efforts to re-organis...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

New wholesale firm gains ground

GAIN Cash and Carry is fast gaining a significant share of Zimbabwe's wholesale market, which was traditionally dominated by giants such as Mahomed Mussa. The company says its rapid penetration of the...

By Staff reporter | Published: 22 March 2018

FINANCIAL SERVICES

95% repayment of loans encouraging, says CBZ

Zimbabwe's largest banking group by assets and deposits, CBZ Holdings Limited says repayment of loans by small to medium enterprises has been encouraging at 95 percent. This has prompted the financial...

By Staff reporter | Published: 22 March 2018
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