TRANSPORT & TOURISM

Air Zimbabwe, CAAZ in departure fees deal

The national flag carrier Air Zimbabwe and the Civil Aviation Authority of Zimbabwe's fight over passenger service fees is set to be a thing of the past with the two entities agreeing on the setting u...

MINING & RETAIL

'NRZ must pursue SA mineral claims'

National Railways of Zimbabwe (NRZ) board and management must actively pursue the mineral claims in South Africa as they could provide an important source of leverage in sourcing funding, Parliament h...

INDUSTRIALS & ENERGY

BAT completes acquisition of Reynolds

British American Tobacco said it is pleased to announce today the completion of the acquisition of the remaining 57.8% of Reynolds American the Company did not already own.The acquisition creates a st...

INDUSTRIALS & ENERGY

Zim to become regional power hub by 2021

With an aim to become a regional power distribution hub by 2021, Zimbabwe has announced that it will construct a 1,000km regional power line in 2018 in partnership with stakeholders from Mozambique a...

TRANSPORT & TOURISM

Air Zimbabwe privatization under threat

Government's plans to privatise national carrier, Air Zimbabwe, may be in for a bumpy ride amid indications that the airline's major creditors are moving to stop the transition.Insiders who spoke to t...

BUSINESS NEWS

'No cash shortages in Zimbabwe,' says Chinamasa

FINANCE minister Patrick Chinamasa yesterday described the current cash shortages as a mirage, saying the government was satisfied with the prevailing liquidity position obtaining in the country.Addre...

MINING & RETAIL

Zim platinum producers urged to invest in refining facilities

MINES minister Walter Chidakwa has called on platinum producers to invest in refining facilities, to enable the country to draw maximum benefit from its mineral resources.In a speech read on his behal...

TELECOMS & TECHNOLOGY

NetOne free to hire new CEO

NetOne can now recruit a substantive chief executive officer without glitches after the High Court yesterday dismissed with costs an urgent interdict application by the firm's ex-boss, Mr Reward Kanga...

TELECOMS & TECHNOLOGY

Zim mobile industry generates $200m in revenue

Zimbabwe's mobile network industry has grown to become a significant sector of the economy, generating close to $200 million in quarterly revenues and a sizable profits for the three network operators...

TRANSPORT & TOURISM

Ethiopian Airlines claims $30,500 from travel agency

ETHIOPIAN Airlines has taken a local travel agency, Haven Travel and Tours (Pvt) Ltd, to court on charges of failing to remit $30 500 in ticket sales.The airline, through its lawyers Kanokanga and Par...

LANDS & AGRICULTURE

Maize deliveries pour in

THE Grain Marketing Board is receiving an average 90 000 tonnes of maize a week with Government yesterday saying deliveries were fast approaching the 500 000 tonnes required for the Strategy Grain Res...

MINING & RETAIL

179 small-scale miners benefit from $40m GDI

FIDELITY Printers and Refiners has so far disbursed $30 million to 179 small-scale miners across the country under the $40 million Gold Development Initiative.Towards the end of last year, the Reserve...

MINING & RETAIL

Small-scale miners praised for 'local' uptake

GOVERNMENT has showered praises on small-scale miners for their support for locally produced products.Industry and Commerce Minister Dr Mike Bimha said local procurement was critical towards building ...

FINANCIAL SERVICES

FBC Insurance targets growth with SSP

FBC Insurance has chosen to support the growth of its Zimbabwean general insurance business in line with its strategic objectives using SSP's digital insurance platform, SSP Pure Insurance.SSP Pure In...

TELECOMS & TECHNOLOGY

TelOne on reforestation mission

TELONE have embarked on a reforestation journey targeting 56 000 trees by December this year.Addressing delegates at Nyamhunga Township where TelOne handed over 100 bins to Kariba Municipality, TelOne...

TELECOMS & TECHNOLOGY

Kangai application dismissed

Reward Kangai's urgent chamber application to get an interdict to stop the recruitment of a CEO for NetOne was denied with costs.The judge also pointed out that Mr Kangai could not have had a legitima...

MINING & RETAIL

Unki mine unit costs decline as output rises

Anglo American Platinum (Amplats) announced on Monday that production from Unki mine in Zimbabwe increased by 5% to a new production record of 38,400 ounces compared to the comparable period productio...

Econet brings in VoIP with One Horizon Group

Zimbabwean operator Econet Wireless and One Horizon Group have partnered to launch a mobile Voice over IP service branded 'Econet Plus', which is set to remove roaming charges for users of the service...

MINING & RETAIL

Choppies to use dividends unclaimed for 3 years

Choppies Enterprises advised its shareholders that dividends unclaimed for 3 years from the due date of payment may become the property of the Company and used for the benefit of the Company.Choppies ...

MINING & RETAIL

PPC CEO quits

The chief executive of cement maker PPC, Darryll Castle, quit on Monday. This comes a few days after Tito Mboweni's unexpected resignation from PPC's board has prompted speculation that it might relat...

MINING & RETAIL

Too much publicity spoiled Zisco/Essar deal

INDUSTRY and Commerce Minister, Dr Mike Bimha said "too much publicity" frustrated the $750 million Zisco/Essar Global deal.The Government in 2011 sealed the mega-deal with Essar Global, an Indian co...

MINING & RETAIL

Govt probes Apple Bridge chrome deals

The Government has directed Apple Bridge Investment, a special purpose vehicle it created to buy and export chrome from small scale miners, to declare its business dealings over the past year followin...

MINING & RETAIL

Supermarket in court for withholding cash

A BULAWAYO supermarket has been dragged to court by the Reserve Bank of Zimbabwe (RBZ) over failure to submit cash sales returns and deposits to the central bank.The Greens Supermarket director, Arthu...

MINING & RETAIL

Gain Cash and Carry invests $1m in Bulawayo

GAIN Cash and Carry has opened its first branch in Bulawayo after investing about $1 million dollars in setting up the business.The wholesale company acquired the business through a management buyout ...

MINING & RETAIL

Venture into mining sector, women urged

WOMEN should empower themselves by taking advantage of the existing investment opportunities in the country, a senior official has said.Speaking during the Mine Entra expo in Bulawayo last week, Wome...