LANDS & AGRICULTURE

Zim strikes forex deal to import agric chemicals

Government has struck a deal with chemical companies through which they will be able to access foreign currency to import agricultural chemicals that will be sold at subsidised prices, Vice President ...

By Staff reporter | Published: 06 October 2017

TELECOMS & TECHNOLOGY

BAZ seeks another order to bar Kwese TV

THE Broadcasting Authority of Zimbabwe (BAZ) this week approached the High Court again seeking to bar Kwese TV from broadcasting.Kwese TV received a major boost last week after Dr Dish's application s...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Mineral exports up 25% in 9 months

ZIMBABWE's mineral export earnings increased by 25,1% to $1,692 billion as at September 15, 2017, buoyed by the increase in all minerals production across the board, Mines and Mining Development minis...

By Staff reporter | Published: 06 October 2017

TRANSPORT & TOURISM

fastjet seeks licence for Harare-Bulawayo route

Fastjet Zimbabwe plans to apply for a license to service the Harare-Bulawayo route although fears abound Government could be playing lip service to its open skies policy to protect State owned carrier...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Mining exports hit $1.6 billion

Zimbabwe has realised $1.6 billion from cumulative mining exports spurred by a 25 percent increase in production as at mid September 2017, compared to the same period last year. Mines and Mining Devel...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Caledonia in Q3 record gold production

Caledonia Mining Corporation recorded a massive increase in gold production of 14,389 ounces for the third quarter to September 30, 2017, a 15 percent increase from the second quarter. This was a reco...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Hwange increases coal production by 1,000%

HWANGE Colliery Company Ltd (HCCL)has increased production to 300 000 metric tonnes per month in the third quarter from 30 000 metric tonnes in first quarter on the back of government capitalisation a...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Zim mining sector opaque, says Chinamasa

FINANCE minister Patrick Chinamasa has hit out at mining companies in Zimbabwe, accusing them of prejudicing the country of significant income in unpaid taxes amid widespread opaqueness shrouding the ...

By Staff reporter | Published: 06 October 2017

INDUSTRIALS & ENERGY

Petrotrade profit jumps 64 percent, vows not to fail

State owned petroleum products firm, Petrotrade has vowed that it will not "fail the same way other government entities do" after announcing a 64 percent jump in net profit to $1.2 million for the yea...

By Staff reporter | Published: 05 October 2017

MINING & RETAIL

Blanket Mine sets new quarterly output record

Blanket Mine's gold output posted an increased in production to 14 389 ounces in the third quarter to September 30, 2017, a new quarterly record.The Gwanda based gold miner said production for the pre...

By Staff reporter | Published: 05 October 2017

INDUSTRIALS & ENERGY

BCC privatise Ingwebu

THE Bulawayo City Council (BCC) has privatised its commercial undertaking, Ingwebu Breweries as part of efforts to turn around the loss making entity.Early this year, BCC announced that it had started...

By Staff reporter | Published: 05 October 2017

TELECOMS & TECHNOLOGY

Kwese boost for Technites enterprise

Econet Wireless Group's Technites enterprise has received a significant boost from the High Court ruling on Kwese TV as a ramp up in installations could see Technites earning as much as $50 a day for ...

By Staff reporter | Published: 05 October 2017

MINING & RETAIL

High-level meeting on SMM revival planned

A high-level meeting on the possible reopening of Shabani Mashaba Mines (SMM), which were shut down in 2004, has been set for next week. Mines and Mining Development Deputy Minister Fred Moyo said the...

By Staff reporter | Published: 05 October 2017

CONSTRUCTION & PROPERTY

Uptake for CABS houses improves

Mortgage lender, CABS, have reported a steady increase in the uptake of its houses in Harare's high-density suburb of Budiriro following a review of the bank's lending conditions. The low-cost housing...

By Staff reporter | Published: 05 October 2017

FINANCIAL SERVICES

Banks offload 2 000 workers

AT least 2 000 workers have lost their jobs in the banking sector over the past five years due to an escalating economic crisis underpinned by political turmoil, a trade union has said.More workers in...

By Staff reporter | Published: 05 October 2017

LANDS & AGRICULTURE

Avian flu costs Irvine's $7.3 million

AN avian flu outbreak at Irvine's in May cost the country's largest chicken producer $7,3 million, a shareholder has disclosed, saying the quarantining of affected sites and culling of birds to preven...

By Staff reporter | Published: 05 October 2017

MINING & RETAIL

Nickel price slump worries BNC

BINDURA Nickel Corporation (BNC) says volatile world nickel prices would continue to affect the company's operations after the US$12 000 per tonne rally of September again dipped to slightly over US$1...

By Staff reporter | Published: 05 October 2017

LANDS & AGRICULTURE

SeedCo revisits incentive scheme

LEADING producer and marketer of certified crop seeds, Seed Co, has revised its employee incentive programme.The company is now granting employees shares equal in value to the appreciation of the comp...

By Staff reporter | Published: 05 October 2017

CONSTRUCTION & PROPERTY

Lafarge banks on highway upgrade

LAFARGE Cement Zimbabwe, a member of the Swiss-headquartered LafargeHolcim, last week reported declines in volumes and turnover for the half year ended June 30, 2017 but hopes major public infrastruct...

By Staff reporter | Published: 05 October 2017

INDUSTRIALS & ENERGY

Simbisa targets Dubai firm

QUICK service restaurant operator, Simbisa Brands, is planning to acquire a United Arab Emirates-based fast-food group, as it seeks to boost its profile ahead of a planned London listing.The fast food...

By Staff reporter | Published: 05 October 2017

FINANCIAL SERVICES

Tetrad's judicial protection overturned by court

THE High Court has allowed a businessman owed more than $2 million by Tetrad Investment Bank (TIB) to institute legal proceedings to recover the debt, despite the financial institution being under jud...

By Staff reporter | Published: 05 October 2017

LANDS & AGRICULTURE

Raw deal for cattle farmers

A STUDY of Zimbabwe's beef sector by the Competition and Tariff Commission (CTC) has revealed that farmers are getting a raw deal from other players in the beef supply chain, with retail outlets getti...

By Staff reporter | Published: 05 October 2017

MINING & RETAIL

Caledonia engages govt over indigenization deal

Canadian company, Caledonia Mining, the owners of Gwanda based Blanket Mine, has said it will keep its engagement with government confidential after the Ministry of Youth, Indigenization and Economic ...

By Staff reporter | Published: 05 October 2017

FINANCIAL SERVICES

Zim banks remodel operations

Finacial institutions are considering retraining their employees to ensure they fit into a new business model that is largely inclined to electronic banking. This comes as banks are increasingly movin...

By Staff reporter | Published: 05 October 2017

LANDS & AGRICULTURE

Zim evaluates rice production

Zimbabwe is evaluating the feasibility of commercial rice production with a Government delegation expected to go on a familiarisation mission to Egypt to acquaint itself with technology and viable met...

By Staff reporter | Published: 05 October 2017

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