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

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

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