LANDS & AGRICULTURE

Milk imports decline

Investments made in the dairy sector at both farm and processing level coupled with the implementation of SI64, have seen the amount spent on importation of milk and milk-based products reduce signifi...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

Capital Bank liquidation in limbo

THE liquidation of Capital Bank is yet to proceed four years after its licence was revoked amid concerns over rising costs being accrued against the financial institution to the detriment of its credi...

By Staff reporter | Published: 06 July 2018

INDUSTRIALS & ENERGY

Sakunda plans power exports

SAKUNDA Holdings is in negotiations with the Zimbabwe Regulatory Authority (Zera) and other statutory bodies to export electricity from its 200-megawatt Dema Power Plant to Zambia before year end, bus...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

Zimpost launches funeral cash plan

Postal services provider Zimpost has partnered First Mutual Life (FML) Assurance to launch funeral assurance - PostLife Funeral Cash Plan.The product is underwritten by FML.The partnership, signed on ...

By Staff reporter | Published: 05 July 2018

TELECOMS & TECHNOLOGY

Kwesé launches Scoop Network Africa channel

Kwesé TV will air Africa's newest entertainment channel Scoop Network Africa on 26th July 2018. Scoop Network's programme schedule will comprise of a mix of light entertainment magazines with movie, ...

By nextvafrica | Published: 05 July 2018

TRANSPORT & TOURISM

DHL workers cry foul

DHL Zimbabwe a courier service company entrusted with handling people's goods is accused of infringing workers' rights by forcing them to reveal their Ecocash transactions.Some workers have since left...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Glencore shares rebound on $1bn buybacks

Glencore will buy back as much as $1bn of its shares, a move that may soothe investors' concerns after the world's top commodity trader was hit by a US Department of Justice probe earlier this week.Th...

By Bloomberg | Published: 05 July 2018

INDUSTRIALS & ENERGY

Zim requires $15bn for power projects

The Zimbabwe Energy Regulatory Authority (ZERA) says the country requires a total of $15 billion to rehabilitate existing power plants and develop new energy projects in order to meet the demand proje...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

Absa's new logo

With Absa gearing up to 'relaunch' with a new look and corporate identity next week, pending trademark registrations with the Companies and Intellectual Property Commission have revealed what the grou...

By Staff reporter | Published: 05 July 2018

INDUSTRIALS & ENERGY

Brands and stores affected by Edcon's new recovery plan

Edcon Holdings' latest recovery plan includes closing chains including Red Square cosmetics and La Senza lingerie and attempting to lure their customers to its flagship Edgars clothing stores.The move...

By Bloomberg | Published: 05 July 2018

FINANCIAL SERVICES

British banker opens stockbroking firm in Zim

A consortium of British fund managers, led by Nigel Little, has been approved to open stockbroking firm in Zimbabwe.The new stockbroking firm Morgan & Co. has been issued with a trading licence b...

By Ngoni Shenjere | Published: 05 July 2018

INDUSTRIALS & ENERGY

More fuel price hikes coming

MOTORISTS should brace for more fuel price hikes as oil prices continue to move northwards while government insists on controlling the fuel industry and maintaining a myriad of taxes on the sector, a ...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Chrome, nickel rebound

NICKEL and chrome rebounded in the first three months of the year, buoyed by recovering international prices, the Reserve Bank of Zimbabwe (RBZ) has said.Latest central bank data indicates that nickel...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

RioZim bemoans 'punitive' royalties

ROYALTIES on Zimbabwean-mined diamonds have remained punitive, scaring away investors and disadvantaging local players, diversified resources firm RioZim has said.The firm's chief executive officer Bh...

By Staff reporter | Published: 05 July 2018

Starafrica battles to stem crisis

Starafrica has registered a steep rise in revenue despite experiencing significant balance sheet stress in the year to March 31 018. In a note to shareholders accompanying the financial results which ...

By Staff reporter | Published: 05 July 2018

Zim's coffee sector collapses

GOVERNMENT is working on a plan to rebuild the coffee sector after output plummeted from almost 15 000 metric tonnes (mt) in 1989 to less than 200 mt in the past few years.According to a paper titled ...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Falgold pins hopes on industry reforms

Zimbabwe Stock Exchange listed gold producer Falcon Gold says the local gold production industry could grow significantly if government effects reforms on the tariff and tax regime. The country's mini...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

Motor, fire policies add spark to non-life insurers' earnings

Profit after tax for non-life insurers more than trebled to $33,63 million in 2017 from the previous year aided by a growth in gross premium written (GPW) and investment income, a new report by the in...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

Banks to prioritise importers over depositors

BANKERS Association of Zimbabwe (BAZ) vice-president Benefit Washaya says banks were still to decide whether they should continue importing cash to distribute to the depositors considering that the mo...

By Staff reporter | Published: 05 July 2018

INDUSTRIALS & ENERGY

Canning industry set for rebound

The canning industry in Zimbabwe is set for a rebound after the introduction of demand-driven bean cultivar needed for production of canned beans, an official has said.Department of Research and Speci...

By Staff reporter | Published: 05 July 2018

LANDS & AGRICULTURE

Cotton price increased to 52c/kg

COTTON farmers in Gokwe are smiling all the way to the bank after the producer price of the crop rose to 52 cents per kilogramme from 49 cents.Addressing cotton farmers in Nyanje area in Gokwe South o...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Prolonged job action cripples Falgold operations

LISTED mining group, Falcon Gold (Falgold) Zimbabwe, says its operations in the half year ended March 31, 2018 have been largely affected by a strike which lasted for three months at its Golden Quarry...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Govt to transform Hwange Colliery

VICE President General Constantino Chiwenga (Rtd) yesterday said Government has put in place a raft of measures for Hwange Colliery Company Limited to return to its status as one of the biggest employ...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

Medical aid firm targets informal sector

FAST-growing Gweru-based medical aid company, Zimbabwe General Medical Aid Fund (ZG Medical) has begun tapping into the country's vast jobless market, which is usually neglected by most insurance and...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

Stanbic responds to clients

Stanbic Bank Zimbabwe has responded to requests by its clients in the capital to add Harare City Council as a biller on its digital platforms for ease of settling bills. Head of Personal and Business ...

By New Ziana. | Published: 05 July 2018
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