FINANCIAL SERVICES

NMBZ records half-year profit

NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $4 838 174 for the half-year ended June 30, 2017, resulting in total comprehensive income of $3 556 915.This was an increase ...

By Agencies | Published: 23 August 2017

BUSINESS NEWS

Safeguard warns of increase in armed robberies

Safeguard Security has warned of a noticeable increase in crimes involving firearms, particularly in remote areas, and of an increase in break-ins in Harare's northern suburbs. It has urged those with...

By Agencies | Published: 23 August 2017

LANDS & AGRICULTURE

Stockfeed prices yet to go down

THE Zimbabwe Poultry Farmers' Association (ZPFA) says stockfeed prices are yet to go down despite the bumper harvest realised this year.Following the good rains that the country received in the previo...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

CZI to complete manufacturing survey in October

THE Confederation of Zimbabwe Industries (CZI) says this year's manufacturing sector survey would be completed in October with the results expected in November.CZI president Mr Sifelani Jabangwe said ...

By Staff reporter | Published: 23 August 2017

MINING & RETAIL

Zimbabwe diamond output hits 1.25m carats

Diamond output has hit 1.25 million carats in the last seven months with the Zimbabwe Consolidated Diamond Company (ZCDC) eyeing to reach the 2 million carats target for this year.The production figur...

By Staff reporter | Published: 23 August 2017

FINANCIAL SERVICES

ICZ to raise awareness on insurance industry

The Insurance Council of Zimbabwe (ICZ) will conduct awareness campaigns on how the insurance industry works as well as review the Insurance and Pension Commission Act to address some of the challenge...

By Staff reporter | Published: 23 August 2017

TELECOMS & TECHNOLOGY

Zimbabwe dismiss Kwese TV licence claims

The Broadcasting Authority of Zimbabwe (BAZ) wishes to advise the public that the authority has not issued a licence to Kwese TV to operate in Zimbabwe.This follows media reports suggesting that Kwese...

By Staff reporter | Published: 23 August 2017

LANDS & AGRICULTURE

Zim poultry sector sends SOS to govt

THE poultry industry is faced with chick and egg shortages as one of the big breeders has been hit with bird flu, and the sector was requesting assistance from the government.Zimbabwe Poultry Associat...

By Staff reporter | Published: 23 August 2017

CONSTRUCTION & PROPERTY

Zimre's Bulawayo $10m projects to begin soon

ZIMRE Property Investments Limited has set aside about $20 million for the development of its construction projects in Bulawayo and Victoria Falls that are expected to begin soon.The projects comprise...

By Staff reporter | Published: 23 August 2017

INDUSTRIALS & ENERGY

Delta loses $761 000 to employees

Three Delta Beverages employees yesterday appeared at the Harare Magistrates' Court facing fraud charges involving $761 616 after they allegedly manufactured fictitious expense claims and processed p...

By Staff reporter | Published: 23 August 2017

MINING & RETAIL

PPC Zim reports double digit volume growth

Cement producer PPC Zimbabwe posted its highest monthly volumes during the first quarter ended June 30, 2017, its parent company PPC South Africa has reported."PPC Zimbabwe also saw double digit volu...

By Staff reporter | Published: 22 August 2017

LANDS & AGRICULTURE

Border Timbers shares finally settled on CSD

Border Timbers' shares were yesterday registered on the Central Securities Depository, becoming the last listed counter to do so, two years after the Zimbabwe Stock Exchange automated."Shareholders, c...

By Staff reporter | Published: 22 August 2017

MINING & RETAIL

Iron ore joins base metals price rally

After a string of down days, the Northern China import price of 62 percent Fe content ore bounced back on Thursday. According to data supplied by The Steel Index the steelmaking raw material jumped 5,...

By Frik Els | Published: 22 August 2017

TRANSPORT & TOURISM

Air Zimbabwe loses $2m monthly

State-owned Air Zimbabwe (AirZim) is reporting huge losses of $2 million every month as mismanagement, high operating costs, old equipment and aircraft that are no longer profitable to fly weigh on it...

By Staff reporter | Published: 22 August 2017

FINANCIAL SERVICES

NMB launches new package

NMB Bank has launched a new package of financial services after unveiling the NMBLife range of products at the ongoing Harare Agricultural Show. This takes the group's progress, in terms of the bank's...

By Staff reporter | Published: 22 August 2017

CONSTRUCTION & PROPERTY

NBS doubles house production

MORTGAGE provider, the National Building Society has produced over 3 000 houses during the first half of 2017, an amount double the units produced by the whole industry in 2016.Last year, mortgage pro...

By Staff reporter | Published: 22 August 2017

LANDS & AGRICULTURE

Zimbabwe misses tobacco target

Zimbabwe is set to miss its tobacco 200 million kilogrammes target after farmers delivered 186,3 million kg of the golden leaf on Day 105 compared to 200 million kg delivered in the same period last y...

By Staff reporter | Published: 22 August 2017

FINANCIAL SERVICES

Econetlife launches burial societies promotion

EconetLife, a subsidiary of Econet Wireless Zimbabwe has launched the "Mabhodho Zvakare Promotion" which encourages communities to band together and consolidate their local bereavement support groups ...

By Staff reporter | Published: 22 August 2017

TRANSPORT & TOURISM

'India can help Zim collect foreign airline dues'

THE Airports Authority of India (AAI) says Zimbabwe could be losing millions in potential revenue through uncollected aeronautical revenue for use of its airspace, a senior official with India's ports...

By Staff reporter | Published: 22 August 2017

FINANCIAL SERVICES

AfDB seeks water expert for ZimFund

The African Development Bank is in the process of recruiting a water supply and sanitation specialist to join the Zimbabwe Multi-donor Trust Fund (ZimFund) for a year.ZimFund is an AfDB-managed fundin...

By Staff reporter | Published: 21 August 2017

LANDS & AGRICULTURE

Zim exports $342m worth of tobacco

Zimbabwe has so far exported 79 million kilogrammes of tobacco, up from 61, 5 million kgs exported in the prior comparable period last year, statistics that the industry regulator released show.In its...

By Staff reporter | Published: 21 August 2017

FINANCIAL SERVICES

Arise becomes 2nd largest NMBZ shareholder

Arise, an investment company that was formed by a partnership between Norfund (a Norwegian investment fund), FMO (a Dutch development fund) and Rabobank (a Dutch commercial bank) has taken over 69.14...

By Agencies | Published: 21 August 2017

MINING & RETAIL

Decriminalisation of gold possession looms

THE new Mines and Minerals Amendment Act is expected to create a favourable operating environment for small-scale miners, who are currently bearing the brunt of a punitive colonial law that criminalis...

By Staff reporter | Published: 21 August 2017

TRANSPORT & TOURISM

Air Zimbabwe, SAA tiff resolved

Zimbabwe yesterday cleared all South African Airways (SAA) and British Airways (BA) flights that sought to land in the country following fruitful engagement among the concerned aviation authorities, T...

By Staff reporter | Published: 21 August 2017

INDUSTRIALS & ENERGY

Turnall eyes Govt, NSSA projects

TURNALL Holdings Limited is targeting government and NSSA business as it works toward a break even position by year end, acting managing director Roselyn Chisveto told shareholders at the annual gener...

By Staff reporter | Published: 21 August 2017

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