TELECOMS & TECHNOLOGY

NetOne registers 2.9% slump in airtime revenue

ZIMBABWE'S second largest mobile network NetOne registered a 2,9 percent slump in airtime revenues for the year ended December 2016 to $70,1 million down from $72,2 million.Airtime revenues are mainly...

FINANCIAL SERVICES

Agribank lines up $98m agric, export facilities

AGRIBANK has lined up agriculture and export facilities totalling $98 million and about $20 million has so far been snapped up as the bank steps up efforts to play its key mandate of financing agricul...

FINANCIAL SERVICES

Barclays Zim divesture to be completed in 2H

Barclays Plc, parent company for Barclays Zimbabwe expects to complete its divestiture from the local operation during the second half of 2017 as the banking firm eyes maintaining profitability going ...

FINANCIAL SERVICES

Short-term deposits continue to affect lenders

THE country's broad money supply continues to be dominated by short-term deposits, a factor that constrains the local financial services sector's capacity to lend to critical sectors of the economy on...

LANDS & AGRICULTURE

Zimbabwe milk production up

Milk production for the month of July rose 6,2 percent to 5 810 176 litres compared to 5 471 113 litres in the period a year ago. This is the highest milk production achieved so far as the sector is b...

INDUSTRIALS & ENERGY

Bakers lament foreign currency payment delays

The National Bakers Association of Zimbabwe's production is being hampered by the outstanding US$16 million in foreign payments for the acquisition of raw materials for the bread industry.The local ba...

TRANSPORT & TOURISM

Victoria Falls hotel occupancy 25% up

Hotel operators in Victoria Falls are reporting a better-than-expected half year profit and raising their earnings forecast for the year, helped by a boost in business travel following a recently comm...

LANDS & AGRICULTURE

Govt imposes quality control for vets

The Division of Veterinary Services has imposed strict controls on the operation of veterinary laboratories in new regulations under the Animal Health Act.This comes after the Council of Veterinary Su...

Govt seeks partner for drugs-maker CAPS

Government is looking for an investor to inject $6 million in once Zimbabwe's and southern Africa's biggest drug manufacturer - CAPS Holdings - which has been teetering on the brink of total collapse ...

MINING & RETAIL

Caledonia confident Blanket Mine will meet target

Desperate Blanket Gold Mine's output in the second quarter remaining largely flat at 12 521 ounces from 12 510 oz in the prior comparable period, parent firm Caledonia Mining Corporation remains confi...

LANDS & AGRICULTURE

Zimbabwe to receive $34m irrigation equipment

ZIMBABWE is set to receive irrigation equipment worth more than $34 million under the second phase of the Brazil $98 million More Food For Africa loan facility. The country first received agricultural...

TRANSPORT & TOURISM

NRZ starts contract negotiations

THE National Railways of Zimbabwe (NRZ) management is this week expected to begin contract negotiations with the Diaspora Infrastructure Development Group (DIDG)/Transnet Consortium to turn around the...

FINANCIAL SERVICES

Econet reduces MasterCard international limits

ECONET Wireless' mobile money transfer service EcoCash says it will be implementing international limit restrictions on its MasterCard debit card due to foreign currency challenges being experienced i...

MINING & RETAIL

Youths deliver 300kg gold to Fidelity Printers

Over 6 000 Zanu-PF youths in Chegutu have delivered 300 kilogrammes of gold to Fidelity Printers and Refiners since 2014 worth an estimated $10 million.The artisanal miners formed the Danangwe Distric...

MINING & RETAIL

Hwange gears up for underground mining

HWANGE Colliery Company Limited took delivery of its continuous miner on Sunday, which was being repaired in South Africa, as it presses ahead with plans to resume underground mining.The continuous mi...

FINANCIAL SERVICES

EcoCash tightens transaction limit

Zimbabwe's cash crisis seems to be worsening every day, with Econet subsidiaries EcoCash and Steward Bank putting further restrictions on the foreign currency its customers can access for US dollar pa...

FINANCIAL SERVICES

ZB engages Visa, card ready in Q3

ZB Financial Holdings is working towards the introduction of Visa cards in the third quarter of the year.Visa is a global payments technology company that connects consumers, businesses, banks and gov...

FINANCIAL SERVICES

First Mutual plans rights issue

First Mutual  Life Holdings Limited (FMHL) last week announced plans to pursue a rights offer to raise $17,25 million, the businessdaily can report.The implementation of the rights offer will dep...

TRANSPORT & TOURISM

'NRZ revival set to boost rail traffic'

The revival of the National Railways of Zimbabwe will help boost the country's ailing economy through increased traffic, Diaspora Infrastructure Development Group (DIDG) has said.DIDG, together with i...

FINANCIAL SERVICES

ZB in massive land bank acquisition

Listed financial services group ZB Financial Holdings has embarked on a massive acquisition of land across the country to support strategic growth.The group chief executive officer, Ronald Mutandagayi...

LANDS & AGRICULTURE

Border Timbers in CSD debut

Zimbabwe Stock Exchange-listed agro-industrial concern, Border Timbers, is set to make its debut on the Central Securities Depository (CSD) next week.The CSD system maintains securities in electronic ...

MINING & RETAIL

Hwange Colliery acquires coal extraction machine

HWANGE Colliery Company Limited (HCCL) has secured a coal extraction machine, one of the critical pieces of equipment the miner requires for its underground mining operations.The colliery, which recen...

INDUSTRIALS & ENERGY

ZPC misses Q1 production target

THE Zimbabwe Power Company (ZPC) has missed its production target for the first quarter by 5.94 percent, generating 1 789.80 Gigawatts per hour against the targeted 1 902.76GWh.ZPC managing director E...

FINANCIAL SERVICES

CBZ bemoans growing rental arrears

LISTED financial services group CBZ Holdings has bemoaned growing rental arrears, restrained rental yields and low occupancy levels obtaining in the commercial property sector for weighing down on ove...

FINANCIAL SERVICES

ZB sets aside $10m for land bank acquisitions

ZB Financial Holdings says the acquisition of land banks remains a focus area for the group as it believes this to be a source of strategic growth in the future.Speaking at the group's analysts briefi...