MINING & RETAIL

Zimbabwe diamond workers want salaries in US$

THE Zimbabwe Diamond and Allied Minerals Workers' Union (Zdamwu) says workers in the mining sector should be paid in United States dollars since the sector is one of the top foreign currency earners i...

By Staff reporter | Published: 11 June 2019

TRANSPORT & TOURISM

Air Zimbabwe needs $12m to stay afloat

AIR ZIMBABWE judicial manager Reggie Saruchera says he is pushing authorities to avail a $12 million package to maintain the airline's fleet and acquire additional aircraft.Saruchera told parliamentar...

By Staff reporter | Published: 11 June 2019

TELECOMS & TECHNOLOGY

Telecel to clear licensing arrears

MOBILE operator Telecel Zimbabwe has said it is now targeting to clear its licensing obligations of US$137,5 million to Government by 2020. In 2013 the mobile operator made an arrangement with the Pos...

By Staff reporter | Published: 11 June 2019

INDUSTRIALS & ENERGY

Innovative tobacco barn unveiled

A LOCAL engineering firm, Mamsen Engineering, has developed an energy-efficient Twin-Turbo tobacco curing barn that is set cut energy bills for tobacco farmers and reduce the impact on the environment...

By Staff reporter | Published: 11 June 2019

TRANSPORT & TOURISM

Air Zimbabwe passengers hit by disruptions

Air Zimbabwe passengers face travel disruptions after the airline's only plane in service was sent for repairs.Air Zimbabwe said its Boeing 767-200ER was undergoing a mandatory maintenance check from ...

By Staff reporter | Published: 09 June 2019

TELECOMS & TECHNOLOGY

Messy fight at Telecel

A full-blown brawl is playing out at Telecel Zimbabwe as board members cross swords over attempts to oust current chief executive officer Mrs Angeline Vere over allegations that she turned the mobile ...

By Staff reporter | Published: 09 June 2019

TELECOMS & TECHNOLOGY

Telecoms operators urged to take consumers' grievances seriously

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director-general Gift Machengete has said telecoms operators should take consumers' grievances seriously so that they improve on...

By Staff reporter | Published: 09 June 2019

MINING & RETAIL

Electrosales predicts bleak future

Listed hardware chain, Electrosales, reported a profit after tax of ZWL$2,5 million in the six months to March compared to ZWL$2 million during the same period last year, but the company has warned of...

By Staff reporter | Published: 09 June 2019

INDUSTRIALS & ENERGY

Toyota working towards driving Zimbabwe Motor industry

TOYOTA Zimbabwe is working on expanding its business in the country in anticipation of a boom in the motor industry buoyed by the Government's efforts to revive the country's economy.In an interview w...

By Staff reporter | Published: 09 June 2019

BUSINESS NEWS

Govt 300% fee hike irks industry

The government would to increase statutory fees for the mining sector by almost 300% in a move that has raised the ire of mining representative bodies.Application fees for platinum and chrome (ordinar...

By Staff reporter | Published: 05 May 2019

LANDS & AGRICULTURE

Schweppes' tomato business teetering

BEVERAGES maker Schweppes Zimbabwe Limited's (SZL) newly introduced tomato business is struggling to find its feet due to lack of competitiveness.SZL commercial and public affairs director Mrs Unaiswi...

By Staff reporter | Published: 05 May 2019

LANDS & AGRICULTURE

Belarus to set up state-of-the-art dairy facility in Zimbabwe

BELARUS has set sights on establishing a state-of-the-art dairy facility in Zimbabwe as part of efforts to improve milk production in the country.Lands, Agriculture, Water, Climate and Rural Resettlem...

By Staff reporter | Published: 05 May 2019

LANDS & AGRICULTURE

Mashonaland hay for drought affected areas

EFFORTS are being made to move hay from Mashonaland region to the southern part of the country so as to save livestock in these areas from succumbing to the effects of drought, an official said.Agricu...

By Staff reporter | Published: 05 May 2019

BUSINESS NEWS

Industry embraces Cabinet’s forex decision

INDUSTRIALISTS have embraced Cabinet's decision to craft measures that would see manufacturers being allocated foreign currency to procure key raw materials to reduce the cost of production and conseq...

By Staff reporter | Published: 05 May 2019

TRANSPORT & TOURISM

Embraer delivery marks Air Zimbabwe revival

THE delivery of the Embraer ERJ-145 last week, with two more Embraers and two Boeing 777-200ERs set to join the fleet this year, marks a major milestone in the revival of Air Zimbabwe, and crucially, ...

By Staff reporter | Published: 05 May 2019

MINING & RETAIL

New dawn in chrome sector

Zimbabwe is targeting exponential growth in the production of ferrochrome and will leverage this on the International Chrome Development Association (ICDA) conference starting today until Thursday thi...

By Staff reporter | Published: 05 May 2019

FINANCIAL SERVICES

CBZ records strong earnings

CBZ Holdings Ltd reported seemingly strong earnings and made it rain for investors but the currency situation did not play in favour of the financial services group.A quick analysis of the December 20...

By Staff reporter | Published: 03 May 2019

CONSTRUCTION & PROPERTY

Lafarge Zimbabwe acquires US$30 million loan

LAFARGE Cement Zimbabwe has obtained a long-term US$30 million facility to enable settlement of outstanding obligations.In its audited results for the year ended December 31 2018, the cement manufactu...

By Staff reporter | Published: 03 May 2019

FINANCIAL SERVICES

ZB's TB holdings up 25%

Half of ZB Financial Holdings Ltd's Treasury Bills (TBs) will mature in the current financial year and the institution will increase its stock of the paper as it becomes available, chief executive Ron...

By Staff reporter | Published: 03 May 2019

MINING & RETAIL

Edgars sales decline

CLOTHING retail outlet Edgars Stores Ltd suffered a decline in sales in the last quarter of 2018 due to the currency volatility rocking the market.The announcement by the Reserve Bank of Zimbabwe on O...

By Staff reporter | Published: 03 May 2019

FINANCIAL SERVICES

Ecobank doubles full-year income

ECOBANK doubled its full-year earnings to December 2018 thanks to increased investments in fixed income securities, fee and commission income and net foreign exchange income.Interest and similar incom...

By Staff reporter | Published: 03 May 2019

TRANSPORT & TOURISM

Meikles to sell hospitality assets

MEIKLES Limited is seeking approval from its shareholders to sell part of its hospitality assets. In a cautionary statement, Miekles company secretary Thabani Mpofu said talks of the asset disposal we...

By Staff reporter | Published: 03 May 2019

FINANCIAL SERVICES

StanChart scales down in Zimbabwe

STANDARD Chartered has retrenched more than 100 employees with more lay-offs planned as the bank has begun outsourcing some of its operations in Zimbabwe to countries such as Kenya, Malaysia, China an...

By Staff reporter | Published: 03 May 2019

INDUSTRIALS & ENERGY

Delta to revive malt exports as forex shortages continue to bite

Delta Corporation has invested close to US$4m in its barley contract-farming scheme, targeting a yield of 35,000 metric tonnes this year and with an objective of earning foreign currency from malt exp...

By Staff reporter | Published: 03 May 2019

MINING & RETAIL

Makomo Resources seeks US greenlight

COAL miner Makomo Resources says its output could increase significantly if the government allows the company to retain 100% of the revenue generated from exports.Director Raymond Mutokonyi told busin...

By Staff reporter | Published: 03 May 2019
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