INDUSTRIALS & ENERGY

Beta Holdings under scrutiny

Brick and tile manufacturer, Beta Holdings has come under heavy scrutiny after it failed to deliver products to customers for periods that at times span over six months. This comes as some customers c...

By Staff reporter | Published: 13 February 2018

MINING & RETAIL

Hwange sets sights on exploiting methane

Coal miner, Hwange Colliery Company (HCC) on Sunday said it is looking for partners with the financial capacity to exploit untapped coal bed methane gas. HCC holds a 4 200 hectare coal bed methane con...

By Staff reporter | Published: 13 February 2018

FINANCIAL SERVICES

Stability stress tests for Zimbabwe banks

The Reserve Bank of Zimbabwe (RBZ) will start conducting comprehensive financial stability stress tests on the banking sector beginning September 2018 as it seeks to bring stability to the troubled se...

By Staff reporter | Published: 12 February 2018

LANDS & AGRICULTURE

Zim white farmers 'may soon be compensated'

The Zimbabwean government has reportedly set up a committee that will spearhead the process of compensating white farmers whose farms where seized during the country's controversial land reform progra...

By Staff reporter | Published: 12 February 2018

TRANSPORT & TOURISM

Rwanda Air granted flight rights to Zimbabwe

Government has granted traffic rights to rising airline, Rwanda Air, to service the Kigali-Harare-Cape Town route.The flights, given on a fifth freedom basis, will commence on May 16, this year.The fr...

By Staff reporter | Published: 12 February 2018

MINING & RETAIL

ZimAlloys $100m deal collapses?

There are fears that the Zimbabwe Alloys $100 million deal with Indian Investors Balasore Group could collapse amid indications that one of the Indian investors Pramod Mittal is embroiled in tax scan...

By Staff reporter | Published: 12 February 2018

FINANCIAL SERVICES

Zimpost exceeds revenue target, eyes 10% growth

State-owned postal services, Zimpost, last year exceeded its revenue target of $22 million and this year aims to grow it by 10%, the company's acting managing director, Sifundo Moyo, has said. Moyo sa...

By Staff reporter | Published: 12 February 2018

MINING & RETAIL

RBZ increases gold support facility

Buoyed by sterling performance of the gold sector last year, the Reserve Bank of Zimbabwe (RBZ) has increased the gold support facility to $150 million from $74 million that had been disbursed by Dece...

By Staff reporter | Published: 12 February 2018

TRANSPORT & TOURISM

NRZ equipment arrives from South Africa

A Total of 108 wagons and seven locomotives that were acquired from South Africa as part of the resuscitation of the National Railways of Zimbabwe (NRZ) have arrived in the country through Beitbridge ...

By Staff reporter | Published: 12 February 2018

INDUSTRIALS & ENERGY

Price of diesel 50 to drop

THE price of diesel 50 will drop from $1,36 per litre to $1,24 per litre when government phases out diesel 500, Energy minister Simon Khaya Moyo said on Wednesday.Responding to a question by Gokwe MP ...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

ZMF welcomes increase of gold support facility

THE Zimbabwe Miners' Federation (ZMF) has welcomed the Government's move to increase the gold support facility by 102 percent to $150 million saying this will increase gold production.Presenting the 2...

By Staff reporter | Published: 09 February 2018

TELECOMS & TECHNOLOGY

World's leading digital firms keen to invest in Zim

SOME of the world's top digital companies have shown interest in investing in Zimbabwe's Information Communication Technology (ICT) sector as the country continues to open its doors for business.A num...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

Metallon halts Mazowe mine operations

Metallon Gold Corporation has suspended mining operations at its Mazowe Gold Mine due to serious operational challenges. Information is that the gold mining group has been facing challenges that inclu...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

BNC seeks $6 million for Trojan smelter

Bindura Nickel Corporation says it will soon approach local banks to negotiate for $6 mln funding facilities it requires to complete the reconstruction of its Trojan Nickel smelter. Managing Director ...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

New mines law ready by end of March

Mines Minister Winston Chitando says government it will finalize the Mines and Minerals Amendment Bill into an Act by the end of March this year, with former Mines Minister Walter Chidhakwa partly bla...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

Zimbabwe thinks big on lithium

Government has started working on plans to build lithium testing laboratories in Kwekwe, as the demand for the rare earth mineral skyrockets on global markets, making it a potential game-changer for Z...

By Staff reporter | Published: 09 February 2018

FINANCIAL SERVICES

CBZ hunts for new CEO

Zimbabwe's largest financial services group by asset base, CBZ Holdings, has begun the hunt for a new chief executive to replace Never Nyemudzo who retired on December 31, 2017. Nyemudzo, who retired ...

By Staff reporter | Published: 09 February 2018

TELECOMS & TECHNOLOGY

Investors vie for NetOne, Telecel

FOREIGN investors have tabled offers to buy shareholding in state-owned mobile operators NetOne and Telecel as well as fixed-line telecoms company TelOne, which are all desperate for a fresh capital i...

By Staff reporter | Published: 09 February 2018

TELECOMS & TECHNOLOGY

Mandiwanzira speaks on Telecel deal

THE decision by government to invest in Telecel Zimbabwe where it now has a 60% controlling stake was done in order to resolve shareholder conflicts in the company as well as to empower Zimbabweans, a...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

Zimplats to revive Bimha Mine

PLATINUM mining company Zimplats says the redevelopment of Bimha Mine remains on schedule to reach full production in April 2018.Bimha Mine, which collapsed in 2014, affected output, resulting in a 50...

By Staff reporter | Published: 09 February 2018

FINANCIAL SERVICES

NMBZ yet to draw down SMEs credit lines

NMBZ Holdings has secured in excess of US$56 million worth of lines of credit in the last five years to fund various projects, but is yet to draw down on some of them due to foreign currency shortages...

By Staff reporter | Published: 09 February 2018

TELECOMS & TECHNOLOGY

Investors vie for NetOne, Telecel

Foreign investors have tabled offers to buy shareholding in state-owned mobile operators NetOne and Telecel as well as fixed line telecoms company TelOne, which are all desperate for a fresh capital i...

By Staff reporter | Published: 09 February 2018

LANDS & AGRICULTURE

TIMB bails out 5 000 smallholder growers

A LEAST 5 000 smallholder tobacco growers have benefitted from the Tobacco Input and Credit Scheme that was introduced this season to rescue those rejected by tobacco contractors. The inputs scheme wa...

By Staff reporter | Published: 09 February 2018

FINANCIAL SERVICES

Excessive borrowing destabilises banking sector

Government excessive borrowing on the local banking sector is weakening the overall financial services market, with continued issuance of Treasury Bonds and overdrafts at the Central Bank escalating t...

By Staff reporter | Published: 09 February 2018

MINING & RETAIL

De Beers eyes Zimbabwe

De Beers may follow its resumption of exploration for diamonds in the Northern Cape by looking in the longer term at opportunities in countries like Zimbabwe and the Democratic Republic of Congo."I'm...

By Bloomberg | Published: 08 February 2018
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