MINING & RETAIL

ZimAlloys, Chinese firms in alluvial chrome pact

GWERU-based ferrochrome producer, Zimbabwe Alloys (ZimAlloys), has started exploiting alluvial concentrates, at its claims along the Great Dyke as it seeks to widen its revenue base. Alluvial chrome c...

By Staff reporter | Published: 16 February 2018

RTG launches mobile application

Hospitality concern, Rainbow Tourism Group (RTG), has launched an integrated mobile application RTG Gateway, a first for the industry that is expected to boost domestic tourism and enhance the ease of...

By Staff reporter | Published: 16 February 2018

LANDS & AGRICULTURE

Zimbabwe free of avian flu

Zimbabwe has reported it was now free of the highly pathogenic H5N8 bird flu that hit the country between May and August last year.Poultry producer Lanark, a commercial farm  25km south of the ca...

By Staff reporter | Published: 15 February 2018

MINING & RETAIL

Chimata signs letter of intent with Zim Lithium Co

Chimata Gold Corp is pleased to announce that it has entered into a binding letter of intent with Zimbabwe Lithium Company Limited, a privately held company incorporated under the laws of Mauritius. P...

By Chimata Gold Corp | Published: 15 February 2018

INDUSTRIALS & ENERGY

'Fuel prices still high'

The Confederation of Zimbabwe Industries (CZI) says the country's fuel and electricity prices are still high despite the recent government intervention to reduce taxes on the energy sector."The CZI En...

By Staff reporter | Published: 15 February 2018

TELECOMS & TECHNOLOGY

NetOne offers discounts on OneMoney transactions

Mobile telecommunications giant NetOne has introduced a promotion for its One Money customers, that will see them enjoying discounts for purchases made through the platform.Dubbed 8Time Promotion, it ...

By Staff reporter | Published: 15 February 2018

INDUSTRIALS & ENERGY

Bulawayo industries look up to Zisco revival

Industries in Bulawayo relying on steel products have appealed to government to speedily recapitalise giant steel producer Ziscosteel, to enable them to expand their operations.The remarks came in the...

By Staff reporter | Published: 15 February 2018

INDUSTRIALS & ENERGY

Simbisa eyes international acquisition

Quick service restaurant (QSR) group, Simbisa Brands Limited is looking to expand its business with the proposed acquisition of Foodfund Investments. Foodfund is a family owned business incorporated i...

By Staff reporter | Published: 15 February 2018

INDUSTRIALS & ENERGY

Forex crunch knocks vehicle sales

Sales for new vehicles in 2017 declined by 7,45% to 3 154 due to shortages in foreign currency to purchase newer vehicles. Vehicles are still considered as a non-priority on the foreign currency prior...

By Staff reporter | Published: 15 February 2018

INDUSTRIALS & ENERGY

Forex crunch knocks vehicle sales

Sales for new vehicles in 2017 declined by 7,45% to 3 154 due to shortages in foreign currency to purchase newer vehicles. Vehicles are still considered as a non-priority on the foreign currency prior...

By Staff reporter | Published: 15 February 2018

FINANCIAL SERVICES

Depositors with collapsed banks compensated

A total of 11,744 out of 54,909 depositors of six collapsed banks have each been compensated up to $500 from the Deposit Protection Fund.Official data seen by the ZBC News today indicate the depositor...

By Staff reporter | Published: 14 February 2018

TELECOMS & TECHNOLOGY

NetOne to unveil sponsorship

GIANT mobile telecommunications company NetOne are expected to end the speculation related to their football partnership with the country's Big Three football clubs when they unveil their landmark mil...

By Staff reporter | Published: 14 February 2018

LANDS & AGRICULTURE

Mealie Brand capacity hits 80%

MEALIE Brand, a division of the Zimbabwe Stock Exchange-listed Zimplow, has increased its capacity utilisation from 50 percent to 80 percent on the back of a good agricultural season the country exper...

By Staff reporter | Published: 14 February 2018

INDUSTRIALS & ENERGY

Lafarge to expand lime mining operations

Listed cement producer Lafarge Zimbabwe is looking to expand its operations as it is set to commence exploration drilling for lime within the next two months. It already has two mining operations wher...

By Staff reporter | Published: 14 February 2018

FINANCIAL SERVICES

Zim cryptocurrency exchange makes waves

Zimbabwe's only cryptocurrency exchange, Golix, has reached a massive milestone after it cleared over 2 000 customer support tickets in less than weeks. The company, which is known for allowing Zimbab...

By Staff reporter | Published: 14 February 2018

INDUSTRIALS & ENERGY

Ingwebu requires $100m war chest

Ingwebu Breweries which was unbundled last year needs more than $100 million to be fully turned around, Bulawayo City Council (BCC) mayor, Martin Moyo, has revealed.Ingwebu has been run under Bulawayo...

By Staff reporter | Published: 14 February 2018

TRANSPORT & TOURISM

Ex-AirZim CEO sues for $42 000 terminal benefits

FORMER Air Zimbabwe chief executive officer Ripton Muzenda has taken the national carrier to court demanding over $42 801 in terminal benefits, four months after termination of his contract on allegat...

By Staff reporter | Published: 14 February 2018

MINING & RETAIL

Veteran miners jockeying for Zim comeback

Robert Mugabe's fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner -- and former England cricketer -- Phil E...

By Bloomberg | Published: 14 February 2018

INDUSTRIALS & ENERGY

Zisco investor to up production

Production at Zisco is set be twice what used to be produced when it reopens soon, Kwekwe town clerk Mr Emmanuel Musara has said. Briefing the Minister of State for Midlands Provincial Affairs Owen Nc...

By Staff reporter | Published: 14 February 2018

FINANCIAL SERVICES

Bank announces updates of its African bond index

The African Development Bank announces the update of its composite index available to Bloomberg Professional® service subscribers via {BADB Index}. The index enriched with two sub-indices (BADBC and ...

By Chawki Chahed | Published: 14 February 2018

LANDS & AGRICULTURE

CZI pushes for CSC revival

The Confederation of Zimbabwe Industries (CZI) Masvingo chapter says the government should prioritise the recapitalisation of the Cold Storage Commission (CSC) as many downstream industries stand to b...

By Staff reporter | Published: 13 February 2018

MINING & RETAIL

Zimbabwe to cut, polish diamonds in Botswana

President Mnangagwa says the Zimbabwe government is in talks with the Botswana government, which if successful, will see the country sending its diamonds to Botswana for cutting and polishing.Presiden...

By Staff reporter | Published: 13 February 2018

TELECOMS & TECHNOLOGY

Econet speaks on network disruption

ECONET Wireless Zimbabwe, the country's largest telecom operator, has said the disruption of service it experienced Monday morning was due to issues arising from some of its billing nodes.A company sp...

By Staff reporter | Published: 13 February 2018

INDUSTRIALS & ENERGY

Bata calls on RBZ to hike incentive

ZIMBABWE's largest shoe manufacturer, Bata Shoe Company, has called on the Reserve Bank of Zimbabwe (RBZ) to increase the export incentive to 15 percent to boost exports by local companies.The Central...

By Staff reporter | Published: 13 February 2018

TRANSPORT & TOURISM

Tourism sector lacks vision

The Zimbabwe tourism sector is operating without a vision, a situation that has hindered its growth for the past few decades, an executive has said. Addressing delegates at the National Tourism Strate...

By Staff reporter | Published: 13 February 2018
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