FINANCIAL SERVICES

CBZ promotes use of mobile app

ZIMBABWE's leading commercial bank, CBZ Bank, has launched a promotion to reward its clients for adopting the use of mobile transactions using its integrated financial services mobile application.The ...

By Staff reporter | Published: 05 December 2017

MINING & RETAIL

Miners blame woes on ousted Machaya

CHROME miners yesterday told Parliament that former Midlands Provincial Affairs minister Jason Machaya interfered a lot in the issuance of chrome claims and promoted corruption and turf wars over owne...

By Staff reporter | Published: 05 December 2017

MINING & RETAIL

Chitando urged to 'restore sanity' at Chiadzwa

STAKEHOLDERS in the mining sector have urged new Mines minister Winston Chitando to move swiftly to restore sanity and stop the alleged looting of mineral resources, particularly diamonds.Manicaland-b...

By Staff reporter | Published: 05 December 2017

TELECOMS & TECHNOLOGY

TelOne partners Huawei

State-Owned telecommunications company, TelOne, has partnered with a leading global information and communications technology solutions provider, Huawei, to provide training to engineering students.Te...

By Staff reporter | Published: 04 December 2017

MINING & RETAIL

Mines sector welcomes Chitando

The Chamber of Mines has welcomed Winston Chitando's appointment as Minister of Mines and Mining Development as a positive step towards enhancing mining productivity and raising Government revenue bas...

By Staff reporter | Published: 04 December 2017

TELECOMS & TECHNOLOGY

NetOne recruits more agents, merchants

STATE-OWNED telecommunications operator, NetOne, is recruiting merchants and agents around the country as part of its aggressive marketing and job creation drive.Acting chief executive officer (CEO), ...

By Staff reporter | Published: 04 December 2017

INDUSTRIALS & ENERGY

StarAfrica ventures into honey production

Sugar producer Starafricacorporation says it is planning to venture into honey production and export markets as a way of increasing revenue streams and preserving shareholder value.The group's chairpe...

By Staff reporter | Published: 04 December 2017

MINING & RETAIL

Nyambirai buys Arcturus Mine

Businessman Tawanda Nyambirai has snapped up Arcturus Mine from Metallon Corporation (Metallon).The London-listed firm placed Arcturus Mine under care and maintenance in the 2016 first quarter with mi...

By Staff reporter | Published: 04 December 2017

CONSTRUCTION & PROPERTY

'Funding challenges stifle industry'

Prevailing cash shortages that have given rise to a five-tier pricing system are causing havoc in the construction industry with growth slowing down as projects have become expensive, an industry lobb...

By Staff reporter | Published: 04 December 2017

MINING & RETAIL

Metallon Gold sells Arcturus Mine

GOLD mining concern, Metallon Corporation has sold one of its operations, Arcturus Mine to TN Securities Limited.Metallon did not disclose the value of the sale but indicated that as part of the trans...

By Staff reporter | Published: 04 December 2017

LANDS & AGRICULTURE

'Command Tobacco to generate $3 billion'

THE tobacco industry has the potential to generate foreign exchange of up to $3 billion annually if it is integrated under the Government's Command Agriculture model, an official said.Last year, Zimba...

By Staff reporter | Published: 04 December 2017

INDUSTRIALS & ENERGY

'CMED fuel scam culprits could scare off investors'

THE continued presence of staff who participated in the botched fuel deal that prejudiced the Central Equipment Mechanical Department (CMED) of $2,7 million could scare off investors willing to partne...

By Staff reporter | Published: 04 December 2017

INDUSTRIALS & ENERGY

Nash Paints enters global market

PAINT manufacturing giant, Nash Paints, is stepping up efforts to enter the regional and international market on the back of getting an internationally recognised ISO certification.The company, which ...

By Staff reporter | Published: 04 December 2017

INDUSTRIALS & ENERGY

Bata dangles $500 for voluntary retrenchments

SHOE manufacturing company Bata has embarked on a voluntary retrenchment exercise targeting its top managers as it moves to streamline its staff in line with production.According to a letter seen by S...

By Staff reporter | Published: 03 December 2017

INDUSTRIALS & ENERGY

Millennium Footwear steps into SA market

BULAWAYO-BASED shoe manufacturing concern, Millennium Footwear is slowly establishing itself as one of the major players in the region and is now focusing on the South African market after getting an ...

By Staff reporter | Published: 03 December 2017

MINING & RETAIL

ZimAlloys clinches $100m deal

GWERU based giant ferrochrome producer, Zimbabwe Alloys, which is under judicial management, will this week meet its creditors after securing a $100 million investment deal with Indian Investor, Balas...

By Staff reporter | Published: 03 December 2017

MINING & RETAIL

SA firm sinks $1m into Umguza granite project

A leading South Africa-based Zimbabwe-owned construction company, Business Integrated Technics (BIT) Resources has injected about $1 million in setting up a quarry granite mine in Umguza District in M...

By Staff reporter | Published: 03 December 2017

BUSINESS NEWS

Fuel prices to go down

THE price of diesel will go down next year as  logistics associated with transporting the commodity will fall by half while the commodity will also be exempted from paying a road levy of 4c/litre...

By Staff reporter | Published: 03 December 2017

MINING & RETAIL

$4m boost for Hwange Colliery

HWANGE Colliery Company Limited (HCCL) and some local and international financial institutions are in advanced talks that will see the company getting US$4 million to resume underground mining operati...

By Staff reporter | Published: 03 December 2017

INDUSTRIALS & ENERGY

Lafarge still interested in PPC stake

LafargeHolcim says talks to acquire a stake in cement maker PPC are still ongoing after announcing interest in the cement company in October.In October, PPC Limited received an expression of interest ...

By Staff reporter | Published: 03 December 2017

FINANCIAL SERVICES

Mobile payments surge

Mobile payments and point of sale transactions have surged by a significant margin compared to last year as business embrace the use of plastic money.Burdened by a liquidity challenge that has stretch...

By Staff reporter | Published: 02 December 2017

TRANSPORT & TOURISM

Air Zimbabwe controversy deepens

CONTROVERSY surrounding struggling national flag carrier Air Zimbabwe (AirZim) is deepening, while its fate remains uncertain. This comes against the backdrop of the unexpected exit of AirZim's chief ...

By Staff reporter | Published: 02 December 2017

FINANCIAL SERVICES

Barclays to further reduce stake in Barclays Africa

British multinational bank Barclays on Friday announced that it would be reducing its stake in Barclays Africa to 14.9%. "Barclays has indicated that this represents its desired long term shareholding...

By Staff reporter | Published: 01 December 2017

INDUSTRIALS & ENERGY

Axia Corporation operating profit doubles

Axia Corporation says operating profit in the quarter to September 30 almost doubled compared to the same period last year.Executive chairman John Koumides told shareholders at the company's annual ge...

By Staff reporter | Published: 01 December 2017

FINANCIAL SERVICES

Getbucks to double mortgage loan book

Getbucks Microfinance Bank Ltd (Getbucks) is looking at doubling its mortgage loan book from current level of US$3 million on the back of the new political developments.Getbucks introduced mortgages t...

By Staff reporter | Published: 01 December 2017

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