TELECOMS & TECHNOLOGY

Econet sued over $1

Zimbabwe Development Party leader Mr Kisinoti Mukwazhe has taken a local mobile network service provider to the High Court for a dollar that he claims was unprocedurally deducted from his account.Mukw...

By Staff reporter | Published: 14 August 2017

LANDS & AGRICULTURE

Minister blasts Cottco

Agriculture, Mechanisation and Irrigation Development Minister Dr Joseph Made has hit out at Cottco officials for making public statements that distabilise the sector.In an interview, Dr Made said the...

By Staff reporter | Published: 14 August 2017

FINANCIAL SERVICES

Insurance directors under scrutiny

The Insurance and Pension Commission is working on new amendments which if approved would result in significant changes in some insurance company boards and management.While the proposed amendments we...

By Staff reporter | Published: 14 August 2017

MINING & RETAIL

Spar Zimbabwe sues packaging company

SPAR Zimbabwe is suing a Bulawayo packaging company for $100 000 in damages for allegedly infringing on its trademark rights by using a trademark similar to theirs.Spar Zimbabwe (Pvt) Ltd, which is re...

By Staff reporter | Published: 14 August 2017

TRANSPORT & TOURISM

Fastjet to introduce fifth Zimbabwe route

LOW-cost airline Fastjet will before the end of the year introduce a new route between Harare and Lusaka.In a statement, the airline's spokesperson Ms Faith Chaitezvi said the proposed route, which wi...

By Staff reporter | Published: 14 August 2017

TRANSPORT & TOURISM

NRZ, investor finalise contract negotiations

THE National Railways of Zimbabwe (NRZ) will this week meet its new investor, Diaspora Infrastructure Development Group (DIDG)/Transnet that has won the parastatal's $400 million recapitalisation tend...

By Staff reporter | Published: 14 August 2017

LANDS & AGRICULTURE

Wheat board pushes for new pricing system

NEWLY formed Zimbabwe Wheat Board (ZWB) is pushing for the introduction of a pricing structure in the sector, which will cater for different wheat varieties this coming marketing season.The goal is to...

By Staff reporter | Published: 14 August 2017

MINING & RETAIL

Full mining operations restored at Chiadzwa

Full mining operations have been restored at Chiadzwa diamond fields in Marange following Zimbabwe Consolidated Diamond Company (ZCDC) Private Limited's full compliance with the requirements of the En...

By Staff reporter | Published: 14 August 2017

INDUSTRIALS & ENERGY

Cairns Foods loses $2.6m labour case

A former employee of agro-processing company Cairns Foods Limited, won an award of more than $2,6 million after he was wrongly fired from employment 25 years ago.Mr Stanford Selemani suffered a mental...

By Staff reporter | Published: 14 August 2017

FINANCIAL SERVICES

IDBZ gets $20 million capital injection

The government has since January injected US$20 million fresh capital in the Infrastructure Development Bank of Zimbabwe (IDBZ) to enhance its capacity in undertaking several projects across the count...

By Staff reporter | Published: 13 August 2017

MINING & RETAIL

Millions siphoned out in shady gold deals

THE Government has launched investigations into allegations that the country might have lost millions of dollars in potential revenue through a well orchestrated syndicate involving a gold processing ...

By Staff reporter | Published: 13 August 2017

TELECOMS & TECHNOLOGY

EcoCash carries out maintenance work

ECONET Wireless will carry out scheduled maintenance work on its mobile money transfer platform EcoCash over the weekend to optimise the system ahead of increased transaction volumes anticipated in th...

By Staff reporter | Published: 12 August 2017

FINANCIAL SERVICES

Zimbabwe cash shortages reach alarming levels

The cash shortages in Zimbabwe have reached alarming levels to an extent where getting money has become so hard and expensive for the poor nationals.The rich and the powerful view the issue of an ordi...

By Stephen Jakes | Published: 11 August 2017

INDUSTRIALS & ENERGY

BAT Zim make adjustments to board

Cigarette manufacturer, British American Tobacco (BAT) has appointed three members to its board, while one non-executive director has left with effect from the 25th of July.Messrs Alijandro Riomayor a...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

CABS interim profits decline

Mortgage lender, CABS profit for the half year to June 30, 2017 amounted $16 million, which was 20 percent lower than $20 million reported in the same period last year.The decline was on the back of ...

By Staff reporter | Published: 14 August 2017

FINANCIAL SERVICES

National Building Society unveils houses

The National Building Society (NBS) on Thursday unveiled 65 newly built low-cost houses in Amalinda high-density suburb.The houses will mainly benefit workers from the Tobacco Industry and Marketing B...

By New Ziana | Published: 11 August 2017

LANDS & AGRICULTURE

Zim market not yet affected by bird flu

The local poultry market is yet to feel the impact of the contagious bird flu disease which has killed thousands of chickens, an official has said.According to the Food and Agricultural Organisation, ...

By New Ziana | Published: 11 August 2017

LANDS & AGRICULTURE

Zimbabwe tobacco sales down 7,3%

Zimbabwean farmers sold 184,5 million kg of the nation's top export earner tobacco by day 99 of the selling season, which is 7,3 percent lower compared to 199,1 million kg received in  the prior ...

By Staff reporter | Published: 11 August 2017

LANDS & AGRICULTURE

Eggs, day-old chicks shortages hit Zimbabwe

Zimbabwe has been hit by a serious shortage of day-old chicks and, in some cases, table eggs, which could worsen in the coming weeks in the event that the root cause is not addressed.The deficit is du...

By Staff reporter | Published: 11 August 2017

MINING & RETAIL

ZCDC suffers major setback

THE Zimbabwe Consolidated Diamond Company (ZCDC) has suffered a major blow after being ordered to immediately shut down its mining operations this week by the High Court amid reports its activities do...

By Staff reporter | Published: 11 August 2017

INDUSTRIALS & ENERGY

ZSE investigates toxic CFI deal

THE Zimbabwe Stock Exchange (ZSE) is investigating conglomerate CFI Holdings following several trades that resulted in significant share price movements amid concerns that one of the majority sharehol...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Banking stocks turn off investors

Banking stocks are still a huge turnoff for investors on the local equities market if valuation multiples are anything to go by.A look at price-to-book ratios of Zimbabwe Stock Exchange (ZSE)-listed c...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Old Mutual avoids monetary assets

Old Mutual Ltd will take positions in real assets and avoid monetary assets to preserve value, CE Jonas Mushosho said.This comes amid concerns inflationary pressures are re-emerging in the economy.Mus...

By Staff reporter | Published: 11 August 2017

MINING & RETAIL

Zimra closes in on small miners

Zimra is closing in on thousands of small scale gold and artisanal miners across the country, according to sources, ending a tax honeymoon which both industry and the Government fears could lead to ma...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Barclays confirms windfall to Zimbabwe workers

Barclays Plc and the Barclays Bank of Zimbabwe board of directors are constituting a board of trustees to superintend the 322 998 026 ordinary shares to be housed under the Employee Share Ownership Tr...

By Staff reporter | Published: 11 August 2017

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