LANDS & AGRICULTURE

Arda Antelope creates 320 jobs

ABOUT 320 jobs have been created at the Agricultural and Rural Development Authority (Arda) Antelope Estate in Maphisa, Matobo District, alone through revitalised agricultural production, Acting Presi...

By Staff reporter | Published: 08 August 2017

LANDS & AGRICULTURE

Tobacco sales generate $540 million

TOBACCO sales have generated $540.9 million from 182.3 million kilogrammes that have gone under the hammer since the beginning of the marketing season in March, latest official data show.Last year, d...

By Staff reporter | Published: 08 August 2017

LANDS & AGRICULTURE

Avocado exports rake in $4.2 million

ZIMBABWE'S revenue from avocado exports increased by over 301.9 percent to $4.2 million last year from $1 million in 2012 driven mainly by large-scale avocado producers in Manicaland.In a monthly news...

By Staff reporter | Published: 08 August 2017

TRANSPORT & TOURISM

Turkish Airlines ready to introduce Harare flights

Turkish Ambassador to Zimbabwe, Mr Kadir Hidayet Eris says Turkish Airlines is ready to introduce directs flights to Harare and has urged the Zimbabwean government to expedite the ratification of the ...

By Staff reporter | Published: 07 August 2017

TRANSPORT & TOURISM

Marriott, Alibaba to redefine travel experience

Alibaba Group Holding and Marriott International, Inc. today announced the establishment of a joint venture to redefine the travel experience for the hundreds of millions of Chinese consumers travelin...

By Staff reporter | Published: 07 August 2017

FINANCIAL SERVICES

IPEC gets tough on insurance touting

The Insurance and Pension Commission (IPEC) has ordered all insurers, brokers and intermediaries to immediately stop using "unregistered" touts for marketing and selling insurance policies, especially...

By Staff reporter | Published: 07 August 2017

INDUSTRIALS & ENERGY

Baker's Inn installs additional $5 million plant

LEADING baking firm, Baker's Inn has installed an additional $5 million plant at its Bulawayo factory as it moves to satisfy the demand of its bread in the southern parts of the country.Regional engin...

By Staff reporter | Published: 07 August 2017

FINANCIAL SERVICES

MFIs defy RBZ interest rates directive

THE Reserve Bank of Zimbabwe (RBZ) says it will take action against microfinance institutions that continue to charge lending rates above 10 percent per month.In February, the monetary authority issue...

By Staff reporter | Published: 07 August 2017

LANDS & AGRICULTURE

Zim, SA cull million plus chickens on avian flue

SOUTH Africa and Zimbabwe have culled more than one million chickens after an outbreak of avian influenza, which threatens food security in the region, the Food and Agriculture Organisation said."This...

By Bloomberg | Published: 07 August 2017

FINANCIAL SERVICES

5-year labour row haunts RBZ

The labour row pitting the Reserve Bank of Zimbabwe (RBZ) and security guards it retrenched five years ago is back at the Labour Court with the former employees demanding their dues.The Supreme Court ...

By Staff reporter | Published: 07 August 2017

FINANCIAL SERVICES

CBZ blames cash crisis for poor performance

CBZ Holdings group has recorded a standstill profit after tax of a meagre 0,8% to $11,95 million in its half-year results ending June 30 2017, with cash and foreign shortages contributing to the slugg...

By Staff reporter | Published: 07 August 2017

FINANCIAL SERVICES

Non-life insurance companies profits increased to $3.83m

NON-life insurance companies' profit after tax surged to $3,83 million during the first quarter of 2017 due to a rise in net premium written and reductions in operational expenses.The surge was from a...

By Staff reporter | Published: 07 August 2017

FINANCIAL SERVICES

Agribank clinches financial prudence awards

AGRIBANK has been honoured with three awards for its outstanding role in upholding financial prudence.The awards were awarded by the Office of the President (OPC) in conjunction with the Ministry of F...

By Staff reporter | Published: 07 August 2017

FINANCIAL SERVICES

RBZ credit bureau registers bank loans

More than 97 percent of loans in the banking sector have been registered with the RBZ's credit registry which went live in May, helping create a database that will enable subscribers to prudently ext...

By Staff reporter | Published: 07 August 2017

INDUSTRIALS & ENERGY

Masawara pins hope on Uganda

MASAWARA, a Zimbabwe-focused investment outfit, is banking on timeous disposal of its holding in Ugandan insurance firm, Lion Assurance Company, to defray its US$11 million long-term debt, part of whi...

By Staff reporter | Published: 07 August 2017

INDUSTRIALS & ENERGY

'National Blankets will not go down under'

THE Government will not allow National Blankets to go under liquidation and measures are underway to resuscitate the company, Industry and Commerce Deputy Minister Chiratidzo Mabuwa has said.The Bula...

By Staff reporter | Published: 07 August 2017

BUSINESS NEWS

RBZ governor backs street sales

STUNG by poor cash circulation on the market, Reserve Bank of Zimbabwe (RBZ) is encouraging local manufacturers to sell their produce directly to the market as a way of tapping into the money that is ...

By Staff reporter | Published: 06 August 2017

LANDS & AGRICULTURE

Zim in rice production plans

Local firm Life Brand Agriculture Services plans to put 10 000 hectares of rice in Masvingo - a project set to showcase Tokwe-Mukosi Dam's humongous impact on farming.Zimbabwe imports over 95 percent ...

By Staff reporter | Published: 06 August 2017

LANDS & AGRICULTURE

GMB buying price triggers smuggling

The Government's maize import ban together with a high buying price at the Grain Marketing Board (GMB) has triggered smuggling of grain into the country, it has emerged.In a bid to protect local farme...

By Staff reporter | Published: 06 August 2017

BUSINESS NEWS

RBZ owes MultiChoice $9 million

ANXIETY is growing among subscribers of the digital television service provided by MultiChoice Zimbabwe as banks throttle payment platforms, especially for non-AC holders.Even independent agents no lo...

By Staff reporter | Published: 06 August 2017

TELECOMS & TECHNOLOGY

TelOne announces disruption of services

TelOne has announced the disruption of its services to its clients in Hillside (Bulawayo), Kezi and the Harare to Norton network from 0000hrs to 0200hrs, 6 August 2017. TelOne provides internet and vo...

By Ngoni Shenjere | Published: 05 August 2017

INDUSTRIALS & ENERGY

Bulawayo scents industry revival

Diversification and innovation are the buzzwords for Bulawayo's surviving industries whose resilience in the face of a difficult macro-economic climate deserves applause. While the city has seen a dem...

By Staff reporter | Published: 04 August 2017

FINANCIAL SERVICES

EcoCash reduces ATM withdrawals to $50

Econet Wireless Zimbabwe, mobile money service provider, EcoCash has reduced its international ATM withdrawal limits on its MasterCard Debit card to $50 a month, a tell-tale sign that the foreign curr...

By Staff reporter | Published: 04 August 2017

FINANCIAL SERVICES

Agribank phases out manual withdrawals

THE Agricultural Bank of Zimbabwe (Agribank) is phasing out manual withdrawals to embrace electronic and mobile banking payments.The bank is upgrading its information and communication technology (ICT...

By Staff reporter | Published: 04 August 2017

TELECOMS & TECHNOLOGY

Mandiwanzira takes a dig at Econet

Information and Communication Technology (ICT) minister Supa Mandiwanzira yesterday took a subtle dig at the country's leading telecommunications firm, Econet Zimbabwe, accusing it of exhibiting monop...

By Staff reporter | Published: 04 August 2017

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