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

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...

By Staff reporter | Published: 17 August 2017

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...

By Staff reporter | Published: 17 August 2017

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 ...

By Staff reporter | Published: 16 August 2017

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...

By Staff reporter | Published: 16 August 2017

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...

By Staff reporter | Published: 16 August 2017

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...

By Staff reporter | Published: 16 August 2017

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