TELECOMS & TECHNOLOGY

Jobs on standby as Kwese awaits licence

As debate rages on whether Kwese TV will be licensed in the country if given the green light, Econet Media's offering could unlock thousands of new jobs for satellite installers in the country.Through...

By Staff reporter | Published: 03 September 2017

TELECOMS & TECHNOLOGY

Econet Msasa, Graniteside to be powered by solar

Econet Wireless Zimbabwe's offices in Msasa and Graniteside will be powered by solar energy by year end following the launch of Distributed Power Africa (DPA), a renewable energy-focused subsidiary of...

By Staff reporter | Published: 01 September 2017

INDUSTRIALS & ENERGY

RBZ unveils $10m loan facility for oil producers

THE Reserve Bank of Zimbabwe (RBZ) has unveiled a $10 million loan facility for the capacitation of small scale oil producers.This comes as the apex bank has been making recommendations to increase p...

By Staff reporter | Published: 01 September 2017

FINANCIAL SERVICES

Stanchart profit rises 11%

STANDARD Chartered Bank Zimbabwe (Stanchart) says profit for the half year to June 30, 2017 rose 11 percent to $6,8 million compared to $6,1 million recorded during the same period in the prior year.C...

By Staff reporter | Published: 01 September 2017

LANDS & AGRICULTURE

Wrangle over Brazil equipment

FARMERS at Villa Franca Farm in Glendale are embroiled in a bitter wrangle over management of machinery and equipment they received under the Brazil More Food for Africa Programme, with the election o...

By Staff reporter | Published: 01 September 2017

TELECOMS & TECHNOLOGY

Zimpapers disputes Kwese links

Zimbabwe Newspapers (1980) has disputed media reports suggesting it renewed interest in partnering with Econet Media's Kwese TV after speculative reports that the latter had been licensed.In a stateme...

By Staff reporter | Published: 01 September 2017

INDUSTRIALS & ENERGY

Electricity tariffs to remain stable this year

The government has ruled out an electricity tariffs hike this year saying any review will, however, be subject to consultations with relevant authorities.Zimbabwe's industry and commerce is currently ...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

Bimha pushes Zimplats to record production

Zimbabwe's largest platinum producer, Zimbabwe Platinum Holdings posted a record ore production of 7 million tonnes in FY2017 compared to 6, 6 million tonnes in the previous year.This was on the bac...

By Staff reporter | Published: 31 August 2017

TELECOMS & TECHNOLOGY

Govt to provide 111 online services

Government will, beginning in September start providing 111 online services under the ZIMCONNECT platform as part of the initiatives to address the Ease of Doing Business Constraints.Chief secretary t...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

Zimplats revenue increase 9%

Zimplats revenue for the year increased by 9% from $471.8 million in FY2016 to $512.5 million despite a 5% decrease in 4E sales volumes from 582 833 ounces to 555 892 ounces. Revenue was supported by ...

By Staff reporter | Published: 31 August 2017

FINANCIAL SERVICES

Zimbabwe's Credit Bureau captures 97% loans

RESERVE Bank of Zimbabwe (RBZ) governor, John Mangudya, last week revealed that the Credit Reference Bureau (CRB) has now captured information on about 97 percent of all loans, a move expected to impr...

By Staff reporter | Published: 31 August 2017

FINANCIAL SERVICES

FBC Building Society to expand land bank

FBC Holdings' mortgage unit, FBC Building Society (FBCBS), is in the market for land to replenish its depleted land bank, with a bias towards high density land.Group chief executive officer, John Mush...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

Zim consults Oxfam on mine indigenisation

GOVERNMENT has engaged Oxfam to support the National Indigenisation and Economic Empowerment Board (NIEEB) in renegotiating its indigenisation agreement with Blanket Mine.Blanket Mine, which is owned ...

By Staff reporter | Published: 31 August 2017

LANDS & AGRICULTURE

High risk affects Zimbabwe agriculture funding

HEIGHTENED risk, coupled with the attendant high cost of funds and lack of collateral have resulted in a huge funding gap for Zimbabwe's key agricultural sector, a joint policy brief by government and...

By Staff reporter | Published: 31 August 2017

TELECOMS & TECHNOLOGY

Icasa, Cell C at war over recapitalisation

Earlier this month Cell C and Blue Label Telecoms concluded a recapitalisation of the network operator that was two years in the making, htxt reported.But now the Independent Communications Authority ...

By Staff reporter | Published: 31 August 2017

TELECOMS & TECHNOLOGY

Cell C responds to ICASA

We refer to the Media Release issued by ICASA on 30 August 2017 regarding the transaction for the recapitalisation of Cell C.Cell C is in the process of submitting extensive information to ICASA and i...

By Cell C | Published: 31 August 2017

TELECOMS & TECHNOLOGY

ICASA raises red flags on Cell C deal

The Independent Communications Authority of South Africa (ICASA) hereby confirms that it has received a notification from Cell C (Pty) Ltd (Cell C) regarding the change of licensee information i.e. ch...

By ICASA | Published: 31 August 2017

MINING & RETAIL

Edgars hit by foreign payment delays

CLOTHING retailer, Edgars Zimbabwe (Edgars), says it now owes international suppliers close to $2 million due to the country's foreign payment delays.The group's chain director, Vusa Mpofu, said Edgar...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

New Beitbridge coal mine to create 250 jobs

A NEW coal mine is set to open in Beitbridge district in the next few weeks creating 250 jobs.The company's director Mr Tinashe Kamuriwo said 70 percent of the employees would be locals from the distr...

By Staff reporter | Published: 31 August 2017

INDUSTRIALS & ENERGY

'Adhere to quality standards'

INDUSTRY and Commerce Deputy Minister Chiratidzo Mabuwa has challenged manufacturing companies to ensure their products adhere to quality standards set by regulatory bodies.Speaking during the Bulaway...

By Staff reporter | Published: 31 August 2017

LANDS & AGRICULTURE

Zim to introduce 12 tobacco varieties

ZIMBABWE plans to unveil at least 12 new pest and disease resistant tobacco varieties by end of next year as part of efforts to improve productivity, the Tobacco Research Board has said.Ongoing resear...

By Staff reporter | Published: 31 August 2017

INDUSTRIALS & ENERGY

Ziscosteel, Chinese firm agreement will not collapse

THE Government has given assurance that the $1 billion Zisco/R and F Company resuscitation deal will not collapse as due diligence procedures were done before the winning bidder was selected.Industry ...

By Staff reporter | Published: 31 August 2017

LANDS & AGRICULTURE

More farmers to grow tobacco

Tobacco farmers have sown a seed bed area enough to cover over 34 400 hectares for the 2017 /18 cropping season, as communal and A1 farmers continue to join the sector due to lucrative prices and an o...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

RBZ mulls increasing gold producers funding

THE Reserve Bank of Zimbabwe is considering increasing funding support to small-scale producers beyond the $40 million initially allocated under the Gold Development Initiative for the miners owing to...

By Staff reporter | Published: 31 August 2017

LANDS & AGRICULTURE

Tobacco floors to decentralise

SEVERAL tobacco companies have expressed interest in setting up buying facilities outside Harare as authorities seek to decongest the existing auction floors.Tobacco Industry and Marketing Board chief...

By Staff reporter | Published: 31 August 2017

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