LANDS & AGRICULTURE

Govt mobilises $266m for Command Agric

Government has mobilised $266 million to fund the second phase of Command Agriculture, while 1,8 million villagers are expected to benefit from Presidential Input Support Scheme under a $153 million f...

By Staff reporter | Published: 08 December 2017

FINANCIAL SERVICES

Bank deposits maintain upward trajectory

Finance Minister Patrick Chinamasa has said the banking sector deposits has maintained an upward trajectory, increasing by 17.1%, from US$6.51 billion as at end December 2016, to US$7.62 billion as at...

By Staff reporter | Published: 07 December 2017

INDUSTRIALS & ENERGY

CRH withdraws PPC bid

Irish cement producer CRH, the world’s third-largest building materials supplier by market value, had decided not to bid for rival PPC the South African company said on Thursday.Last month, CRH made...

By Reuters | Published: 07 December 2017

MINING & RETAIL

Zimbabwe lithium miner restates reserves

AUSTRALIAN Stock Exchange listed lithium miner, Prospect Resources this week increased reserve estimates by 58,7 percent at its multimillion dollar Zimbabwe based asset, Arcadia, after fresh explorati...

By Staff reporter | Published: 07 December 2017

INDUSTRIALS & ENERGY

EcoCash gets global accolades

ECONET Wireless Zimbabwe's leading mobile money and financial technology (FinTech) services provider EcoCash was this year honoured with multiple global and regional awards.The awards were in recognit...

By Staff reporter | Published: 07 December 2017

INDUSTRIALS & ENERGY

Duo quits CFI ahead of EGM

TWO CFI Holdings directors, Douglas Mamvura and Ephraim Chawoneka, quit the board on Tuesday ahead of yesterday's extraordinary general meeting (EGM) of shareholders, which was supposed to oust them.T...

By Staff reporter | Published: 07 December 2017

TRANSPORT & TOURISM

Hotel occupancy in Midlands drops

HOTEL occupancy has dropped in the Midlands province as some businesses close ahead of the festive season.Hospitality players in the province derive most of the businesses from the corporate world esp...

By Staff reporter | Published: 07 December 2017

FINANCIAL SERVICES

POSB hunts for loan takers

THE People's Own Savings Bank (POSB) has signed nine Memorandum of Agreements (MOA) with different corporates and institutions of higher learning in the country under its loan financing scheme.Speakin...

By Staff reporter | Published: 07 December 2017

TRANSPORT & TOURISM

$10m NRZ project commissioned

THE National Railways of Zimbabwe (NRZ) yesterday commissioned a $10 million rehabilitated railway line in Chiredzi.The investment, a joint venture partnership between Government and the European Unio...

By Staff reporter | Published: 07 December 2017

INDUSTRIALS & ENERGY

Innscor's quarterly revenue down

Diversified industrial conglomerate Innscor Africa Limited's revenue for the first quarter of financial year 2018 was marginally lower compared to same period in the prior year on the back of a mixed ...

By Staff reporter | Published: 07 December 2017

INDUSTRIALS & ENERGY

NSSA to acquire 80% of CSC

THE National Social Security Authority (NSSA) will take up 80 percent equity in the Cold Storage Company, injecting a reported $20 million, as it embarks on the resuscitation of the stricken meat proc...

By Staff reporter | Published: 07 December 2017

TRANSPORT & TOURISM

NRZ sues its Bulawayo tenants

NATIONAL Railways of Zimbabwe's (NRZ) Contributory Pensions Fund is suing Bulawayo firm Coloursell Distributors (PVT) Limited and a local medical doctor over rental arrears and damages.The pension fun...

By Staff reporter | Published: 07 December 2017

LANDS & AGRICULTURE

SeedCo loses 25% soya seed to disease

SEED manufacturer SeedCo has lost about 25 percent of its soya bean seed stock for the 2017/2018 season to a resurgent stem rot disease called sclerotinia, a senior executive has said. The company's g...

By Staff reporter | Published: 07 December 2017

INDUSTRIALS & ENERGY

Vivo Energy, Engen in share swap deal

Malaysia-based firm Engen Holdings (Engen) has agreed to sell shares in one of its subsidiaries to fuel retailer Vivo Energy in exchange for a stake and a "possible" cash element.Upon completion of th...

By Staff reporter | Published: 06 December 2017

FINANCIAL SERVICES

CBZ trains 1,500 young entrepreneurs

At least 1 500 young business people from around the country have received training in the 2017 edition of Youth Entrepreneurs Programme (Yep) which is now in its second phase with 20 participants set...

By Staff reporter | Published: 06 December 2017

TRANSPORT & TOURISM

BA in business class racism storm

Air safety and how passengers are being treated both by airlines and fellow passengers has once again become a hot topic after local award-winning music group Black Motion were escorted off a British ...

By Staff reporter | Published: 06 December 2017

INDUSTRIALS & ENERGY

Steinhoff share price tanks 52% in 30 minutes

Steinhoff International CEO Markus Jooste has resigned with immediate effect amid the retail giant's admission of irregularities in its financial accounts that has sparked an investigation.Jooste, who...

By Staff reporter | Published: 06 December 2017

TELECOMS & TECHNOLOGY

SA truck mishap caused internet blackout

THE country was yesterday hit by an internet blackout that affected various sectors of the economy that largely depend on online connectivity for their operations.The blackout started at about 11AM an...

By Staff reporter | Published: 06 December 2017

TRANSPORT & TOURISM

NRZ GM told to step down from BBR board

Legislators have called on National Railways of Zimbabwe (NRZ) general manager Engineer Lewis Mukwada to step down from the Beitbridge Bulawayo Railway (BBR) board, as he is conflicted. BBR, which ope...

By Staff reporter | Published: 06 December 2017

TELECOMS & TECHNOLOGY

Zimbabwe suffers massive internet shutdown

Zimbabwe today experienced internet service disruption and challenges with landline phone calls due to faults on the main links in South Africa and Harare.The situation returned to normalcy after 5pm ...

By Staff reporter | Published: 05 December 2017

TELECOMS & TECHNOLOGY

Dandemutande cleared to acquire YoAfrica

Dandemutande Investments, a leading Internet Access Provider, says it has received full approval from the Competition and Tariff Commission for its acquisition of YoAfrica, a leading player in the pro...

By Staff reporter | Published: 05 December 2017

TRANSPORT & TOURISM

Air Zimbabwe seeks COO

AIR Zimbabwe has moved to replace Mr Simba Chikore who resigned from his job as Chief Operations Officer (COO), recently and announced vacancies for four other senior posts.Transport and Infrastructur...

By Staff reporter | Published: 05 December 2017

TRANSPORT & TOURISM

Victoria Falls elephant rides stopped

TOUR operators in Victoria Falls are slowly giving in to pressure from international tourism agents to stop elephant ride activities on claim of abuse to wildlife.International animal activists and ag...

By Staff reporter | Published: 05 December 2017

TELECOMS & TECHNOLOGY

Telecel sues Africom over fees

Local mobile telephone company, Telecel Zimbabwe, has sued Africom over $343 000 from interconnection fees arising from a deal penned in 2011.According to court papers, the two mobile network operator...

By Staff reporter | Published: 05 December 2017

LANDS & AGRICULTURE

Cotton lint exports to grow by 50% in 2018

Cotton lint exports are projected to reach 67 890 tonnes in 2018 from 45 000 tonnes this year due to higher seed cotton production and favourable international prices in 2017, a report has shown. Acco...

By Staff reporter | Published: 05 December 2017

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