MINING & RETAIL

African chrome fields to commission $15m plant

AFRICAN Chrome Fields (ACF) is set to commission a $15 million state-of-the-art aluminothermic plant to process chrome fines into ferrochrome by February next year, a company official said yesterday.T...

By Staff reporter | Published: 05 September 2017

LANDS & AGRICULTURE

Cottco closes selling points

Cotton Company of Zimbabwe has closed most of its depots in Masvingo to mark the end of the selling season, amid projections that the province was poised for a bumper harvest after favourable rains in...

By Staff reporter | Published: 05 September 2017

LANDS & AGRICULTURE

Zim adopts harmonised Comesa seed regulations

ZIMBABWE today launched harmonized Common Markets for Eastern and Southern Africa Seed Regulations, which it has domesticated as part of regional efforts to enable free trade of seed varieties across ...

By Staff reporter | Published: 04 September 2017

MINING & RETAIL

Hwange pushes for more coal uptake

Hwange Colliery Company is pushing for more uptake of coal in the tobacco curing process in order to reduce deforestation. Farmers particularly in small scale production are still heavily reliant on f...

By Staff reporter | Published: 04 September 2017

FINANCIAL SERVICES

FML shareholders okay NicozDiamond takeover

FIRST Mutual shareholders have approved directors' proposals to the entire issued share capital of Zimbabwe's biggest short term insurer, NicozDiamond.FML will now acquire from its anchor Shareholder,...

By Staff reporter | Published: 04 September 2017

INDUSTRIALS & ENERGY

Govt focuses on engineering sector revival

Government is focusing on the revival of the engineering sector in Bulawayo so that it can service other economic clusters that need machinery such as mining.The need to revive the engineering sector ...

By Staff reporter | Published: 04 September 2017

MINING & RETAIL

'Gold mining probe complete'

The Government has completed investigations into gold mining which were triggered mainly by rampant cases of smuggling and suspected abuse of scarce foreign currency by big mining firms, Deputy Mines ...

By Staff reporter | Published: 04 September 2017

INDUSTRIALS & ENERGY

All fuel to use Feruka pipeline

Government wants nearly 100 percent bulk fuel imports into Zimbabwe to be transported using Feruka Oil Pipeline to lower cost of the key commodity and protect the country's major roads from the destru...

By Staff reporter | Published: 04 September 2017

INDUSTRIALS & ENERGY

ZPC seeks to build power plant in Gwanda

THE Zimbabwe Power Company (ZPC) has applied to the Zimbabwe Energy Regulatory Authority (ZERA) to construct a 100 megawatt Solar Photovoltaic power plant in Matabeleland South's provincial capital, G...

By Staff reporter | Published: 04 September 2017

LANDS & AGRICULTURE

Tobacco export earnings up 13%

ZIMBABWE's tobacco export earnings have risen 13 percent to $380.6 million from $334.8 million, but the average price has since come off marginally.The bulk of the tobacco went to mainly South Africa ...

By Staff reporter | Published: 04 September 2017

MINING & RETAIL

Zimbabwe tells Apple Bridge to buy all chrome

The Government has directed state entity, Apple Bridge Investment, to buy all chrome supplied by small-scale chrome producers following complaints from the miners that they were being fleeced by priva...

By Staff reporter | Published: 04 September 2017

FINANCIAL SERVICES

BancABC unveils new initiatives

LOCAL bank BancABC has unveiled a cocktail of initiatives including extending tailor-made bid bonds to contractors in Zimbabwe as part of efforts to promote infrastructure projects in the country and ...

By Staff reporter | Published: 04 September 2017

CONSTRUCTION & PROPERTY

Zim estate agents push for urban renewal

THE Estates Agents Council of Zimbabwe (EACZ) is pushing for urban renewal, a move that will see the redevelopment of Bulawayo should the proposal be implemented.EACZ chairperson, Mr Oswald Nyakunika ...

By Staff reporter | Published: 04 September 2017

INDUSTRIALS & ENERGY

Cheap imports headache for GB, PPC

GENERAL Beltings and PPC Zimbabwe are still struggling with cheap imports despite the existence of Statutory Instrument 126 of 2014 which restricts the importation of the products they are manufacturi...

By Staff reporter | Published: 04 September 2017

FINANCIAL SERVICES

Zim banks go paperless

Zimbabwean banks are phasing out paper-based Real Time Gross Settlement (RTGS) transactions, with Standard Chartered (Stanchart) being the latest in announcing the move.This comes as banks have record...

By Staff reporter | Published: 03 September 2017

FINANCIAL SERVICES

Comesa looking into FMB's Barclays deal

The Common Market for Eastern and Southern Africa Competition Commission has begun the process of looking into the acquisition of Barclays Bank Zimbabwe's majority shareholding by FMB Malawi from Barc...

By Staff reporter | Published: 03 September 2017

MINING & RETAIL

Zim crafting coal mining rules

ZIMBABWE is working on minimum coal mining standards to ensure operational uniformity following the entry of new players in coal extraction.Deputy Minister of Mines and Mining Development Fred Moyo to...

By Staff reporter | Published: 03 September 2017

INDUSTRIALS & ENERGY

Chemplex seeks $40m to fully recapitalise

THE country's biggest fertiliser and chemical manufacturer, Chemplex Corporation Limited requires more than $40 million to fully recapitalise its operations.Chemplex Corporation chief executive office...

By Staff reporter | Published: 03 September 2017

TRANSPORT & TOURISM

NRZ set to surpass freight movement target

THE National Railways of Zimbabwe (NRZ) has moved nearly two million tonnes of freight this year and is hopeful that it will meet its 3,5 million tonnes target by the end of the year on anticipated im...

By Staff reporter | Published: 03 September 2017

INDUSTRIALS & ENERGY

Ex-Zisco employees' future hangs in the balance

THE future of former Zimbabwe Iron and Steel Company (Zisco Steel) workers is hanging by a thread after the Government announced that it will not be part of the recruitment process in the new deal wit...

By Staff reporter | Published: 03 September 2017

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

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