FINANCIAL SERVICES

Untu to raise $1 million from mobile note

Micro-financier Untu Capital is set to raise $1 million from the country's first mobile-based retail note, a move set to enhance financial inclusion.The retail note, U-Gain, is targeting ordinary Zimb...

By Staff reporter | Published: 14 December 2017

LANDS & AGRICULTURE

Govt targets 350,000t of wheat

GOVERNMENT is targeting 350 000 tonnes of wheat in the next three years to guarantee sufficient domestic wheat supplies and to reduce reliance on imports. Zimbabwe needs about 400 000 tonnes of wheat ...

By Staff reporter | Published: 14 December 2017

TRANSPORT & TOURISM

Duly's expects increase in truck sales

Duly Motors (Duly's) says it expects  to post an increase in truck sales growth this year due to growing local demand for imported commercial vehicles.The company's spokesperson Hope Kemadjou sai...

By Staff reporter | Published: 13 December 2017

MINING & RETAIL

'Mugabe vandalised mining sector'

Former president Robert Mugabe's government presided over moral decay in the once vibrant and productive mining sector, a study has revealed.A comprehensive research contained in a book, recently laun...

By Staff reporter | Published: 13 December 2017

FINANCIAL SERVICES

Doves revels in glory

Funeral services group, Doves Holdings, has been recognised by the Marketers Association of Zimbabwe (Maz) and the Zimbabwe Business Awards for its sterling performance in the country's funeral indust...

By Staff reporter | Published: 13 December 2017

MINING & RETAIL

Mining sector requires $400m next year

Zimbabwe's mining industry requires $400 million to sustain operations next year, almost double the $211 million invested this year.The 2017 mining survey industry report indicates that the anticipate...

By Staff reporter | Published: 13 December 2017

MINING & RETAIL

Mining sector bullish about outlook

Zimbabwe's capital intensive mining sector is bullish about the outlook with the projected overall Mining Business Confidence Index (MBCI) at 21,6 in 2018 from -6,6 this year on the back of the new po...

By Staff reporter | Published: 13 December 2017

TELECOMS & TECHNOLOGY

Econet speaks on data blackout

Econet Wireless Zimbabwe, whose millions of customers were affected by a data blackout last Tuesday, has leaped to Liquid Telecoms' defence, saying its bandwidth wholesaler did everything it could to ...

By Staff reporter | Published: 13 December 2017

TRANSPORT & TOURISM

Tourism sector braces for festive boom

TOUR operators in Victoria Falls will not increase charges during the festive season but offer special packages for group visitors who book for at least three activities.The moves comes at a time when...

By Staff reporter | Published: 13 December 2017

MINING & RETAIL

New dawn beckons for ZimAlloys

Gweru-based giant ferrochrome producer, Zimbabwe Alloys, under judicial management by Grant Thornton International, is expected to start operating in the next 18 months after its creditors approved a ...

By Staff reporter | Published: 13 December 2017

FINANCIAL SERVICES

Zim-born executive lands post in Ghana

A ZIMBABWEAN-BORN insurance executive Darlington Munhuwani has landed a top post in Ghana, assuming the reins as chief executive officer of Allianz Ghana responsible for the non-life business.He succe...

By Staff reporter | Published: 13 December 2017

TELECOMS & TECHNOLOGY

Reward Kangai sued for $2m by NetOne

NetOne Cellular (Private) Limited is suing its ex-managing director Mr Reward Kangai over $2 million financial prejudice it suffered due to his alleged mismanagement.Mr Kangai served as the company's ...

By Staff reporter | Published: 12 December 2017

TELECOMS & TECHNOLOGY

NetOne targets 5% increase in subscribers

State-owned mobile network provider, NetOne, is targeting to increase its active subscriber base by at least 5 percent next year as it embarks on various strategies to improve its operational viabilit...

By Staff reporter | Published: 12 December 2017

FINANCIAL SERVICES

First Mutual eyes funeral business

FIRST Mutual Holdings Limited (FMHL) is on the verge of setting up a fully-fledged funeral company, as the group seeks to diversify its business.The funeral unit, to be named First Mutual Funeral Serv...

By Staff reporter | Published: 12 December 2017

TRANSPORT & TOURISM

Tourist arrivals to surpass 4m in 3 years

Tourist arrivals are set to double within three years on the back of aggressive marketing and image improvement campaigns of the country, the Zimbabwe Tourism Authority (ZTA) has said.Arrivals were 1,...

By Staff reporter | Published: 12 December 2017

TELECOMS & TECHNOLOGY

Mobile money boost for network providers

MOBILE money services have emerged to be a key revenue contributor for the mobile network providers in Zimbabwe as more subscribers embrace the facility on the back of cash shortages, a report has sho...

By Staff reporter | Published: 12 December 2017

LANDS & AGRICULTURE

Milk production up in 10 months

ZIMBABWE'S raw milk production increased by 0,4% to 54,47 million litres in the 10 months to October, compared to the same period last year, latest figures show.According to figures from the Ministry ...

By Staff reporter | Published: 12 December 2017

LANDS & AGRICULTURE

Wheat tonnage expected to reach 200 000 tonnes

WHEAT farmers have so far delivered around 40 000 metric tonnes of wheat, with the Treasury targeting to pay all deliveries by year end. This year's wheat is expected to reach 200 000 tonnes from 65 0...

By Staff reporter | Published: 12 December 2017

MINING & RETAIL

Zimbabwe slashes platinum royalty rate

GOVERNMENT has slashed the rate of royalty for all platinum group mining companies to 2.5 percent from 10 percent, a move the Chamber of Mines of Zimbabwe says will go a long way in enhancing viabilit...

By Staff reporter | Published: 12 December 2017

INDUSTRIALS & ENERGY

Bata invests $500 000 in gumboot plant

GWERU-based shoe manufacturer, Bata Shoe Company, has invested over $500 000 in machinery and equipment for the setting up of a gumboot manufacturing plant.The shoe manufacturer discontinued productio...

By Staff reporter | Published: 12 December 2017

FINANCIAL SERVICES

Guvamatanga quits Barclays

BARCLAYS Bank Zimbabwe managing director Mr George Guvamatanga has quit the organisation after 28 years of service.In a statement yesterday, chairman, Mr Antony Mandiwanza, said Mr Guvamatanga had ret...

By Staff reporter | Published: 12 December 2017

MINING & RETAIL

ZimAlloys creditors approve $100m investment deal

CREDITORS have approved a $100 million investment deal paving way for the revival of Gweru-based giant ferrochrome producer, Zimbabwe Alloys, an official said.The firm has been on judicial management ...

By Staff reporter | Published: 12 December 2017

TELECOMS & TECHNOLOGY

Liquid Telecoms rapped over back-up systems

Government is investigating Liquid Telecom for not having adequate back-up systems, resulting in an Internet glitch last week, which led to the disruption of social media applications. Information Com...

By Staff reporter | Published: 12 December 2017

MINING & RETAIL

Hwange, European contractor in exploration deal

Tri-listed resources concern, Hwange Colliery Company Limited (HCCL), last week revealed it is finalising funding structure negotiations of its exploration deal with its unnamed preferred partner, whi...

By Staff reporter | Published: 11 December 2017

INDUSTRIALS & ENERGY

Manufacturing cash cow for informal sector

Manufacturing activities in the informal sector stand a better chance of earning higher monthly revenues than those in the retail and services, a new report has shown. According to the Zimbabwe Nation...

By Staff reporter | Published: 11 December 2017

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