TRANSPORT & TOURISM

NRZ $400m deal fast-tracked

The $400 million NRZ deal is set to be concluded before the end of the year paving way for the revival of the strategic firm. NRZ recently sealed the $400 million funding deal with a consortium led by...

By Staff reporter | Published: 01 December 2017

MINING & RETAIL

Miners to negotiate wage rise

THE Chamber of Mines and the Associated Mine Workers' Union of Zimbabwe (Amwuz) are set to meet on Thursday next week to discuss the wage increment for next year, businessdigest has learnt.The negotia...

By Staff reporter | Published: 01 December 2017

FINANCIAL SERVICES

'No immediate growth for Kawena'

OK Zimbabwe has admitted that it does not see growth in the near future for its Kawena Brand, although it has changed its model to be more aligned to goods than cash.Kawena is an electronic way provid...

By Staff reporter | Published: 01 December 2017

INDUSTRIALS & ENERGY

Ray of hope for Merlin

STRUGGLING Bulawayo firm, Merlin, yesterday received a consignment of raw materials, thereby raising hopes for workers that the company will soon resume operations after being defunct for a decade.Ne...

By Staff reporter | Published: 01 December 2017

TRANSPORT & TOURISM

NRZ refurbishes railway line

THE National Railways of Zimbabwe (NRZ), in partnership with the government and the European Union, has refurbished the Nandi-Mkwasine railway line in Chiredzi at a cost of more than $10 million in a...

By Staff reporter | Published: 01 December 2017

CONSTRUCTION & PROPERTY

Equity wants RBZ to mediate in title deed row

Equity Properties has roped in the Reserve Bank of Zimbabwe (RBZ) to mediate in its dispute with a company owned by Indian business tycoon Jayesh Shah, which is holding onto a title deed to an upmark...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

AfDB initiative to create 25 million jobs

THE African Development Bank (AfDB) has launched a Youth Advisory Group that seeks to create 25 million jobs in Africa with target impact on 50 million youths over the next 10 years.The Presidential ...

By Staff reporter | Published: 01 December 2017

INDUSTRIALS & ENERGY

Bata upgrades factory plant

THE country's largest shoe manufacturer Bata Shoe Company has embarked on a massive upgrade of its Gweru plant, which is aimed at improving the quality of its products and diversifying production.Bat...

By Staff reporter | Published: 01 December 2017

MINING & RETAIL

Zimasco set to come out of judicial management

ZIMBABWE's largest ferrochrome producer, Zimasco, is expected to come out of judicial management early next year after a successful turnaround plan that will enable the company to pay its creditors w...

By Staff reporter | Published: 01 December 2017

MINING & RETAIL

LPG use on the rise

The Zimbabwe Regulatory Authority (Zera) says there has been a rapid growth in liquefied gas petroleum gas (LPG) usage in the country as its use became popular as an alternative energy source especia...

By Staff reporter | Published: 01 December 2017

MINING & RETAIL

Zim diamond company improves gem quality

THE Zimbabwe Consolidated Diamond Company's (ZCDC) stock pile of about 1,5 million carats has improved its gem or near gem quality from predominantly industrial quality by 34 percentage points followi...

By Staff reporter | Published: 01 December 2017

MINING & RETAIL

Zimbabwe to miss out on energy mineral spend

WHILE Zimbabwe has the geological resource base to step up production of lithium the political risk in the country is still so great it is highly unlikely any investment for new lithium mines will flo...

By miningmx | Published: 30 November 2017

BUSINESS NEWS

Mnangagwa urged to scrap indigenisation law

ECONOMIC analysts say the best way for President Emmerson Mnangagwa's government to attract serious and long-term investment into the country is to scrap the controversial indigenisation law that has ...

By Staff reporter | Published: 30 November 2017

MINING & RETAIL

'Mugabe exit to spur Zimbabwe mines'

THE dramatic exit of Zimbabwe's longtime ruler, Robert Mugabe, heralds a positive turn for the country's mining industry, researchers at the London-based Equities Development Limited (ED) have said.ED...

By Staff reporter | Published: 30 November 2017

TRANSPORT & TOURISM

NRZ lays recovery plan

THE National Railways of Zimbabwe (NRZ) says it will sign more service level agreements with major customers next year to boost business.NRZ general manager Lewis Mukwada told NewsDay that the parasta...

By Staff reporter | Published: 30 November 2017

TRANSPORT & TOURISM

Cresta Hotels in major upgrade

CRESTA Hotels continues to undertake upgrading and renovation work at its various hotels in southern Africa, including Zimbabwe, recently completing project work at Cresta Churchill in Bulawayo and an...

By Staff reporter | Published: 30 November 2017

MINING & RETAIL

Meikles stores division ailing

FINANCIAL results for Meikles Limited published last week show the group's stores division to be ailing. The group, however, had a decent outing during the period, buoyed by the supermarkets, agricult...

By Staff reporter | Published: 30 November 2017

MINING & RETAIL

OK profits from panic and plastic

PANIC buying, triggered by fears of basic commodity shortages and price hikes spurred OK Zimbabwe's revenue during the half year ended September 30, 2017, an analysis by Old Mutual Securities (OMSEC) ...

By Staff reporter | Published: 30 November 2017

INDUSTRIALS & ENERGY

Zimbabwe rejects Indian power bid

THE Zimbabwe Power Company (ZPC) and the State Procurement Board (SPB) last week rejected a tender bid by an Indian consortium, ThyssenKrupp Industries in partnership with Technofab Engineering (Priva...

By Staff reporter | Published: 30 November 2017

FINANCIAL SERVICES

US dollars return to Zim banks and ATMs

Information that is circulating online is indicating that the US dollar has made its way back to the economy, TechZim reported.For some who are out of the country this may seem to be silly news, but f...

By Staff reporter | Published: 30 November 2017

MINING & RETAIL

Meikles exits financial services market

ZIMBABWE Stock Exchange listed diversified conglomerate, Meikles Limited, has disposed its financial services arm due to the worsening cash crisis in the country and stringent central bank regulations...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

'Bond listing helps deepen capital markets'

GOVERNMENT has said the maiden listing of the Infrastructure Development Bank of Zimbabwe (IDBZ) energy bonds provides flexibility to investors in terms of investment period and helps the bank to achi...

By Staff reporter | Published: 30 November 2017

FINANCIAL SERVICES

GetBucks bullish about outlook

FINTECH microfinance institution, GetBucks says there are signs of confidence restoration as the bank has started receiving both local and diaspora deposits following the ushering in of a new dispensa...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

Mnangagwa's new Zimbabwe cabinet structure

Proposed civil service reorganisation....

By Staff reporter | Published: 30 November 2017

LANDS & AGRICULTURE

Tobacco exports clock $827 million

ZIMBABWE's tobacco export earnings have so far reached $827.4 million rising by seven percent from $771.8 million during the corresponding period last year.The Tobacco Industry and Marketing Board (TI...

By Staff reporter | Published: 30 November 2017

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