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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
ZCTU implores govt to review US$150 minimum wage 
DRC bans US dollar cash payments 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Zimbabwe's currency is undervalued by nearly half 
Zimbabwe moves to crack down on proxy mining deals 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
