MINING & RETAIL

ZimAlloys finally cedes claims to Govt

GWERU-based chrome smelting company Zimbabwe Alloys Pvt Ltd has finally ceded 50 percent of its chrome mining claims to Government in compliance with the Mine and Mining development Ministry's directi...

By Staff reporter | Published: 13 September 2017

TELECOMS & TECHNOLOGY

Econet quashes social media rumours

LEADING mobile money transfer service, EcoCash owned by Econet Wireless Zimbabwe has quashed rumours circulating on social media that it is closing accounts holding balances above $1 000 and not regis...

By Staff reporter | Published: 12 September 2017

TELECOMS & TECHNOLOGY

TelOne recovers $60m from debtors

STATE-OWNED telecoms operator, TelOne, has recovered $60 million from debtors to date after employing a number of debt recovery methods, an official has said.The parastatal, owed more than $264 millio...

By Staff reporter | Published: 12 September 2017

MINING & RETAIL

Government to boost gold production

THE Ministry of Mines and Mining Development will this week sign off at least 40 gold claims across the country as Government steps up efforts to boost gold production in the country. The claims will ...

By Staff reporter | Published: 12 September 2017

INDUSTRIALS & ENERGY

Natprint secures new printing machine

Listed diversified media group, Zimpapers 1980 Ltd's printing and packaging division - Natprint - has secured a state-of-the-art printing press as part of phase two of the company's recapitalisation. ...

By Staff reporter | Published: 12 September 2017

TELECOMS & TECHNOLOGY

TelOne loses $100k to cable theft, vandalism

FIXED phone operator, TelOne, has lost over $100 000 worth of telecommunications equipment mainly copper cables since the beginning of the year due to theft and vandalism. TelOne has since launched a ...

By Staff reporter | Published: 12 September 2017

CONSTRUCTION & PROPERTY

Joina City occupancy down six percent

ONE of the country's biggest shopping malls Joina City, owned by Masawara Plc, recorded a six percent decline in occupancies for the six months ended June 30, 2017. In a statement accompanying the com...

By Staff reporter | Published: 12 September 2017

TRANSPORT & TOURISM

Beitbridge investment not recoverable - NSSA

THE National Social Security Authority (NSSA) might never fully recover millions of dollars worth of investment into Beitbridge Hotel, now a white elephant after former tenant Rainbow Tourism Group va...

By Staff reporter | Published: 12 September 2017

MINING & RETAIL

Bindura Mine bosses vanish with $2.7m

Police have launched a manhunt for two senior officials from a local company, ASA Resource Group Plc, on allegations of defrauding Bindura Nickel Corporation Mine (Trojan Nickel Mine) in Bindura of mo...

By Staff reporter | Published: 12 September 2017

LANDS & AGRICULTURE

GMB threatens private millers with unfair costing

The Grain Marketing Board's commercial milling division is threatening the viability of private millers amid revelations the parastatal is not paying for grain drawn from the strategic reserves. In a ...

By Staff reporter | Published: 12 September 2017

TELECOMS & TECHNOLOGY

Apple set to launch iPhones 'X'

In celebration of the tenth anniversary of the iPhone, leaks point strongly to Apple launching a new premium smartphone called the “iPhone X” at an event on Tuesday.It is believed the 'X' - standi...

By Staff reporter | Published: 11 September 2017

INDUSTRIALS & ENERGY

Zanu-PF rallies earn Mugabe's dairy big money

The on-going Zanu-PF youth rallies have been a windfall to Alpha Omega Dairy Private Limited owned by President Robert Mugabe's family as the youth league is reportedly buying from it all dairy produc...

By Staff reporter | Published: 11 September 2017

FINANCIAL SERVICES

Moonlight pours $100,000 into parlour upgrade

MOONLIGHT Funeral Services yesterday officially opened a newly refurbished wing at its Gweru branch where it has invested $100 000.The company is rolling out a refurbishment exercise across its branch...

By Staff reporter | Published: 11 September 2017

CONSTRUCTION & PROPERTY

IDBZ to roll out massive housing projects

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has mobilised $8.1 million through private placement of housing bonds and would before the end of the year roll out massive housing development p...

By Staff reporter | Published: 11 September 2017

CONSTRUCTION & PROPERTY

NBS builds 3,000 houses

THE National Building Society (NBS) has constructed 3 000 houses so far this year through its housing mortgage scheme.The building society, which is wholly owned by the National Social Security Author...

By Staff reporter | Published: 11 September 2017

MINING & RETAIL

Tanzania to nationalise seized Petra gems

Tanzania said on Saturday it planned to nationalise diamonds whose value it put at $29.5 million belonging to a mine majority owned by London-listed Petra Diamonds after it accused the miner of under-...

By Staff reporter | Published: 11 September 2017

FINANCIAL SERVICES

Microfinance industry confidence levels rise

ZIMBABWE'S microfinance industry appears to be gaining public confidence if latest statistics are anything to go by.Despite being blemished by a culture of usurious interest rates and repossession of ...

By Staff reporter | Published: 11 September 2017

LANDS & AGRICULTURE

'GMB silos not yet full'

Despite government claims of a bumper harvest, the Grain Marketing Board (GMB) silos in various provinces are not yet full with the national granary still accepting grain from farmers.This comes amid ...

By Staff reporter | Published: 11 September 2017

MINING & RETAIL

Harare to re-capacitate quarry mining

Harare City Council (HCC) has secured a loan of $4,5 million from a local bank for the re-capacitation of their quarry mine.HCC acting Town Clerk Josephine Ncube said a board to run the affairs of the...

By Staff reporter | Published: 11 September 2017

TELECOMS & TECHNOLOGY

Kwese TV craze hits Harare

ECONET recorded brisk business in Harare yesterday after its shops started selling accessories for its new television pay-per-view offering Kwese TV following a High Court ruling overturning a governm...

By Staff reporter | Published: 10 September 2017

MINING & RETAIL

Esats invests $250k in new shopping complex

ONE of Bulawayo's oldest clothing retailing shop, Esats, has invested about $250 000 in setting up its new mini-shopping complex that will accommodate at least seven other shops.Esats director, Mr Mo...

By Staff reporter | Published: 10 September 2017

TELECOMS & TECHNOLOGY

Telecel Zimbabwe takeover inches closer

Government is finalising an offer to buy Empowerment Corporation's 40 percent stake in Telecel Zimbabwe, sources familiar with developments have said."It is now clear that the Government wants to buy ...

By Staff reporter | Published: 10 September 2017

TRANSPORT & TOURISM

AirZim wet lease deal in limbo

AIR Zimbabwe's proposal to wet lease Malaysia Airlines planes is in limbo despite senior government officials and the national carrier's senior executives frequent sojourns into the Far East country t...

By Staff reporter | Published: 09 September 2017

INDUSTRIALS & ENERGY

Dangote may enter bidding war for PPC

Aliko Dangote, Africa's richest man, is among those considering counteroffers for PPC that could signal a bidding contest for South Africa's largest cement maker, according to people familiar with the...

By Staff reporter | Published: 08 September 2017

MINING & RETAIL

Zim's mining industry forecast maintain growth

ZIMBABWE's mining industry is forecast to maintain its growth trajectory, driven by high production volumes, despite the revenue challenges posed by a downslide in global metal prices across most mine...

By Staff reporter | Published: 08 September 2017

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