TELECOMS & TECHNOLOGY

Liquid Telecom appoints new deputy MD

LIQUID Telecom Zimbabwe has appointed Martin Mushambadope as deputy managing director with effect from March 1, 2018. Prior to his appointment Mushambadope was the company's commercial officer.Mushamb...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Zimbabwe to roll out special mining leases

THE Ministry of Mines says investors seeking to start mining operations worth at least $100 million can apply for special mining leases (SML).Under the SML, investors can individually negotiate incent...

By Staff reporter | Published: 08 March 2018

TELECOMS & TECHNOLOGY

Econet partners Shaw Academy

ECONET Wireless has partnered with a global online educator, Shaw Academy, to provide educational solutions that enhance quality, affordability and accessibility within Africa.In a statement, Econet r...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Metallon sinks $2,5m into exploration

ZIMBABWE's largest gold producer, Metallon Gold, has invested an estimated $2.5 million in ongoing exploration activities at its mining operations in the country.The mining group owns operations that ...

By Staff reporter | Published: 08 March 2018

FINANCIAL SERVICES

MBCA Bank cedes shares to workers

MBCA Bank has ceded 7.5 percent shares to its workers through the Employee Share Ownership Scheme in line with the approved indigenisation plan.MBCA Bank chairman, Mr Vimbai Zireva, said this in a sta...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Falgold fails to contain crippling strike

LISTED mining group, Falcon Gold (Falgold), says the ongoing strike at its Golden Quarry Mine in Shurugwi will have an adverse impact on the operations of the mine for an indefinite period.Workers at ...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Hwange board courts investors for projects

THE Hwange Local Board (HLB) has engaged a number of local and foreign investors to participate in major infrastructural development projects as it forges ahead to attain township status.Chief executi...

By Staff reporter | Published: 08 March 2018

FINANCIAL SERVICES

StanChart appoints Drogba ambassador

Standard Chartered Bank has appointed Ivorian football legend Didier Drogba as its digital bank ambassador.Drogba will be endorsing the bank's first digital bank in Africa to be launched in Abidjan, C...

By Staff reporter | Published: 08 March 2018

LANDS & AGRICULTURE

Maize grain supply decreases

Maize supply on the market has decreased due to anticipated poor harvests caused by the low rainfall experienced in the country from the start of the season up to February, the FEWSNET has reported. T...

By Staff reporter | Published: 08 March 2018

INDUSTRIALS & ENERGY

Blue Ribbon to revive bakeries

FAST-MOVING consumer goods producer, Blue Ribbon Foods, says it is planning to revive its closed bakeries, which succumbed to a deteriorating economy.More than 150 of the 250 bakeries that used to ope...

By Staff reporter | Published: 08 March 2018

TELECOMS & TECHNOLOGY

Econet takes lead in use of AI

Listed telecoms and tech giant Econet Wireless Zimbabwe (EWZ) has taken the lead in the use of AI (artificial intelligence) to manage its customer services support in a move set to significantly impr...

By Staff reporter | Published: 07 March 2018

TELECOMS & TECHNOLOGY

Nkosinathi Ncube appointed NetOne MD

NETONE has appointed Mr Nkosinathi Ncube as its Managing Director MFS, becoming the defacto preferred head of mobile financial services in Zimbabwe, after landing his third title at NetOne, which is ...

By Staff reporter | Published: 07 March 2018

TELECOMS & TECHNOLOGY

Ex-Vodacom exec appointed NetOne CEO

State-run mobile network operator, NetOne, has appointed former Vodacom executive Lazarus Muchenje as its new chief executive with effect from April 1, 2018.He takes over from Brain Mutandiro, who ha...

By Staff reporter | Published: 07 March 2018

FINANCIAL SERVICES

Chisango appointed Ecobank chair

Fortunate Chisango has been appointed Ecobank Zimbabwe (Ecobank) chairperson.He takes over from David Whatman who stepped down after serving his term in line with the financial group’s corporate gov...

By Staff reporter | Published: 07 March 2018

BUSINESS NEWS

NSSA pursues platinum, lithium investments

Deep-pocketed pensions administrator, National Social Security Authority (Nssa), is pursuing investment opportunities in the mining sector.The statutory body - sitting on a $1,3 billion asset base - i...

By Staff reporter | Published: 07 March 2018

TRANSPORT & TOURISM

Embassy withholds tour operators' passports

TWENTY-ONE players in the tourism industry recently had their passports withheld by the German embassy in Harare after the Zimbabwe Tourism Authority failed to pay $47 000 to a tourism organiser based...

By Staff reporter | Published: 07 March 2018

MINING & RETAIL

Metallon Gold eyes output growth

ZIMBABWE'S largest gold producer Metallon Gold Zimbabwe plans to grow output seven fold within the next two years to 70 000 tonnes per month after spending as much as $12 million to increase productio...

By Staff reporter | Published: 07 March 2018

MINING & RETAIL

Amplats CEO seeks friendlier Zim mining laws

Zimbabwe must offer foreign miners a consistent legal framework, the right to keep a controlling stake in operations and a greater share of profits to encourage investment, the head of Anglo American ...

By Staff reporter | Published: 07 March 2018

TELECOMS & TECHNOLOGY

Zimbabwe Airways dropped in favour of Air Zim

The Zimbabwean Government has pulled the plug on the now stillborn Zimbabwe Airways project with Minister of Transport Joram Gumbo having now decided to focus on resuscitating the moribund Air Zimbabw...

By Staff reporter | Published: 07 March 2018

MINING & RETAIL

Zimplats records 30% increase in net profit

ZIMPLATS reported a 30 percent increase in net profit to $21 million for the six months to December, 2017 from $16,2 million in the comparable period last year buoyed by higher prices.Revenue increase...

By The Source | Published: 06 March 2018

TELECOMS & TECHNOLOGY

NetOne appoints new bosses

STATE-OWNED telecommunications company, NetOne, has recruited two top executives to run the company's operations in a move expected to stabilise the firm and increase its earnings.In a statement yeste...

By Staff reporter | Published: 06 March 2018

MINING & RETAIL

Hwange seeks $500m recapitalisation

HWANGE Colliery Company Limited (HCCL) needs $500 million to fully recapitalise its operations and working capital of $5 million per month to maintain its status as a going concern.Briefing members of...

By Staff reporter | Published: 06 March 2018

MINING & RETAIL

RioZim requires $125m for Murowa diamonds

At least $125 million is required to extend the lifespan of Murowa Diamond Mine by an additional three years, and to push output beyond one million carats per annum, an official said yesterday. Murowa...

By Staff reporter | Published: 06 March 2018

CONSTRUCTION & PROPERTY

Construction sector projects 4,5% growth

Zimbabwe's construction sector is this year projected to register a 4,5 percent growth from negative levels in the past few years on the back of revival of projects that had been stalled due to limite...

By Staff reporter | Published: 05 March 2018

TELECOMS & TECHNOLOGY

Econet declares $50m dividend

TELECOMMUNICATIONS operator, Econet Wireless, has announced a dividend of $50 million for the nine months ended November 30, 2017."The company has declared a dividend of 0.93 cents per share for the t...

By Staff reporter | Published: 05 March 2018
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