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...

FINANCIAL SERVICES

Standard Bank partners Chinese firm

In a dual development set to transform Africa's access to China as well as simplify the ability of Chinese nationals to transact in Africa, Stanbic Bank Zimbabwe's parent company, Standard Bank, has ...

TRANSPORT & TOURISM

Tourism body appoints corporate affairs head

THE Zimbabwe Tourism Authority (ZTA) has appointed former Zimpapers marketing and social media manager Mr Godfrey Koti as head of corporate affairs.He replaces Mr Sugar Chagonda who left the tourism a...

BUSINESS NEWS

Govt overdraft at RBZ hits $1,2bn

GOVERNMENT has so far accrued a $1,2 billion overdraft with the Reserve Bank of Zimbabwe with the new monetary policy statement prescribing to mitigate the unintended consequences of excess governmen...

MINING & RETAIL

Zimbabwe under-explored, says Chitando

Zimbabwe's Mines minister Winston Chitando has admitted that the country has no record of its untapped mineral resources because there has not been any exploration work for the past decades.Chitando ...

MINING & RETAIL

SMM sources de-watering equipment

THE defunct asbestos mining giant, Shabanie and Mashaba Mines (SMM), has bought de-watering equipment from Europe in preparation for resumption of operations after more than a decade of closure.SMM ce...

LANDS & AGRICULTURE

Tobacco exports rake in +$100m

ZIMBABWE earned more than $100 million from exporting 14.2 million kilogrammes of tobacco across the world in January, official figures show.Statistics from the Tobacco Industry and Marketing Board (T...

BUSINESS NEWS

ACF lines up $100 million investment

African Chrome Fields (ACF), which has invested more than $220 million in chrome mining along the country's mineral-rich Great Dyke, is lining up an additional $100 million investment in gold mining, ...

MINING & RETAIL

Trade Kings upbeat on $20m investment

Trade Kings Zimbabwe says it is confident of generating foreign currency for the country after completing its $20 million detergent manufacturing plants.The fast-moving consumer goods (FMCG) company, ...

TRANSPORT & TOURISM

Air Zimbabwe plane blows two tyres

An Air Zimbabwe (AirZim) plane failed to travel from the OR Tambo International Airport in Johannesburg after it ruptured its two rear tyres on Friday morning.The flight, Boeing 767, which was being f...

TELECOMS & TECHNOLOGY

TelOne projects 20% revenue growth

FIXED telecoms operator TelOne says it is forecasting a 20% revenue growth in 2018 on the back of the full implementation of the National Broadband (NBB) project network before year-end.In 2017, TelOn...

TELECOMS & TECHNOLOGY

Liquid subsidiary unveils data centres

Leading pan-African telecommunications group Liquid telecom subsidiary African Data Centres, has launched newly expanded data centres facilities in Johannesburg and Cape Town, South Africa. The state ...

INDUSTRIALS & ENERGY

Bakers Inn market share up 45%

Bakers Inn says its market share has risen to 45% aided by promotions, which has seen the country's biggest confectionery maker expand its reach. The company concluded its last leg of the Buy and Win ...

FINANCIAL SERVICES

CABS splashes on sprucing up branch network

FINANCIAL services provider, Central Africa Building Society (CABS), is set to splash millions of dollars sprucing up its branch network countrywide as it seeks to retain its refreshing appearance in ...

TRANSPORT & TOURISM

Kukura Kurerwa loses bus depot over debt

Debt-saddled former transport powerhouse Kukura Kurerwa (KK)'s empire continues to crumble after the Sheriff of the High Court gave notice that it will auction off the company's Harare bus depot.This ...

MINING & RETAIL

Retailers bemoans failed transactions spike

THE Confederation of Zimbabwe Retailers Association (CZRA) has noted with concern frequent delays by banks to address failed electronic transactions which is prejudicing both retailers and customers r...

LANDS & AGRICULTURE

Zim, China seal 45 000t oranges export deal

THE Ministry of Lands, Agriculture and Rural Resettlement in conjunction with ZimTrade has managed to facilitate agreements which will enable local farmers to export more than 40 000 tonnes of oranges...

LANDS & AGRICULTURE

Poultry industry on the rebound

THE poultry industry in Zimbabwe, which nearly got decimated by bird flu last year is on a recovery path, but is seriously weighed down by the prevailing high cost of stockfeed which has pushed small-...

MINING & RETAIL

ZMDC to reopen idle mines

THE Zimbabwe Mining Development Corporation is inviting tenders from private partners as it seeks to reopen at least six mines that had been lying idle for several years due to a number of factors, ch...

TRANSPORT & TOURISM

$253m for airports upgrade

The Civil Aviation Authority of Zimbabwe (Caaz) is working on plans to splash millions of dollars on airport development and refurbishment as it seeks to spur economic activities such as tourism and t...

MINING & RETAIL

Illegal gold dealers under investigation

Fidelity Printers and Refiners is investigating registered gold buying agents amid indications of rampant black market dealings which could be prejudicing Zimbabwe of millions of dollars.Responding to...

MINING & RETAIL

Sabi targets 70kgs of gold per month

SABI Gold Mine plans to ramp up gold output to 70kgs per month, but only if it can access US$6 million from the Reserve Bank of Zimbabwe (RBZ), with which it seeks to purchase key consumables.The mine...

TRANSPORT & TOURISM

Govt to refurbish Hwange National Airport

GOVERNMENT is planning to refurbish the underutilised Hwange National Park Airport into an international facility with some investors already showing interest in the project, a Cabinet Minister has sa...

Mnangagwa intervenes in salary dispute

PRESIDENT Emmerson Mnangagwa has intervened in a labour dispute between Hwange Colliery Company Limited (HCCL) and its employees which had seen the workers' spouses protesting since Monday.Wives of HC...

TRANSPORT & TOURISM

Zupco tainted lease agreement

GIFT Investments has continued occupying the Zimbabwe United Passenger Company (Zupco)'s property in Southerton despite the termination of its lease agreement with the bus company by the High Court la...