INDUSTRIALS & ENERGY

Zonful Energy embarks on rural electrification programme

A PRIVATE solar power-generating firm, Zonful Energy, has embarked on a rural electrification programme through installing solar power at households on easy payment terms to augment government efforts...

By Staff reporter | Published: 09 July 2018

CONSTRUCTION & PROPERTY

Craft Properties basks in international awards glory

A LOCAL property development firm, Craft Properties has won two international awards in US and France respectively in recognition of its contribution in leadership, quality, innovation and excellence ...

By Staff reporter | Published: 09 July 2018

TRANSPORT & TOURISM

Due diligence done in NRZ deal

THE National Railways of Zimbabwe (NRZ) has concluded due diligence towards reaching financial closure for the $400 million recapitalisation project.NRZ and the Diaspora Infrastructure Development Gro...

By Staff reporter | Published: 09 July 2018

INDUSTRIALS & ENERGY

Smuggled blankets suffocate Waverly

ZIMBABWE's remaining blanket manufacturer, Waverly Blankets, faces collapse as its operations are being suffocated by an influx of smuggled blankets allegedly from China. It is understood that once th...

By Staff reporter | Published: 09 July 2018

TRANSPORT & TOURISM

Zimbabwe tourism on the rebound

THE average hotel occupancy rate in the first quarter of 2018 for Bulawayo hotels rose by 44%, up 15 percentage points from the levels recorded in the same period last year, industry officials have sa...

By Staff reporter | Published: 08 July 2018

INDUSTRIALS & ENERGY

General Beltings seeks $2 million to recapitalise

THE country's sole manufacturer of conveyor belts, General Beltings Holdings needs about $2 million to recapitalise its operations to fortify its surge towards profitability and robust growth.General ...

By Staff reporter | Published: 08 July 2018

MINING & RETAIL

Kamativi sits on $1,9 billion lithium dump

KAMATIVI Mine in Matabeleland North is sitting on $ 1,9 billion worth of lithium on its dumps, which the Government is looking forward to start exploiting in the first quarter of next year.In an inter...

By Staff reporter | Published: 08 July 2018

MINING & RETAIL

Diamond production up 44%

STATE owned diamond mining entity, the Zimbabwe Consolidated Diamond Company (ZCDC), has recorded a 44 percent increase in production after it hauled just over 1, 5 million carats of the precious ston...

By Staff reporter | Published: 08 July 2018

TRANSPORT & TOURISM

Hyenas kill kudu in reception area of Zimbabwean safari camp

Talk about a close encounter with African wildlife.More than a dozen hyenas killed a kudu in the reception area of a safari camp in Zimbabwe, leaving a large pool of blood. There were no guests in the...

By Associated Press | Published: 07 July 2018

INDUSTRIALS & ENERGY

$25m pharmaceutical warehouse project stalled

THE construction of a $25 million state-of-the-art national pharmaceutical warehouse funded by China has hit another snag after the government shifted goal posts yet again.Beijing and Harare signed an...

By Staff reporter | Published: 06 July 2018

TRANSPORT & TOURISM

Boeing demands $2,7m for Mugabe Airways plane manuals

AMERICAN aircraft manufacturer Boeing is demanding $2,7 million from the government in order to supply manuals for four Boeing 777 jetliners which Harare is controversially acquiring from Malaysia on ...

By Staff reporter | Published: 06 July 2018

MINING & RETAIL

Mining companies exempted from paying wage increment

THIRTY mining companies have successfully applied to be exempted from paying the 2018 minimum wage increment amid viability concerns.The Chamber of Mines and the Associated Mineworkers' Union of Zimba...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

Mnangagwa relaunches Grace Mugabe project

PRESIDENT Emmerson Mnangagwa yesterday relaunched the youth Empower Bank, exactly seven months after former First Lady Grace Mugabe opened the financial institution's doors to the public without a ban...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

ZB taps into diaspora

ZB Bank in collaboration with ZymPay yesterday launched a product which will enable people in the Diaspora to pay fees to schools in Zimbabwe.Speaking at the launch of the Diaspora school fees service...

By Staff reporter | Published: 06 July 2018

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
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