INGWEBU Breweries plans to franchise all its beer retailing outlets and focus on manufacturing and distribution of traditional beer, a development which could increase the company's revenue by at leas...
A ZIMBABWEAN businessman, Dr Devine Mafa, who is based in the United States of America, has partnered with an unnamed international car manufacturer to set up a vehicle assembly plant in Kwekwe. In an...
THE number of slaughtered pigs increased by nearly 20% in 2018 compared to the previous year, but the sector remained heavily constrained by high costs of feed and veterinary medicines, an official ha...
ZB Financial Holdings Limited (ZBFH) is making pricing adjustments for its Plumtree housing project due to cost escalations, chief executive Ron Mutandagayi has said."The cost escalations have caused ...
Bulawayo residents have expressed concern over the slow progress in implementing the Matabeleland Zambezi Water Project (MZWP), which has been touted as the answer to the region's water crisis.MZWP is...
The trial of eight Zvishavane men, who allegedly raided a Chinese mining company in Zvishavane recently failed to kick off in Gweru on Friday as the State is waiting for documents from their court of ...
THE Industrial Development Corporation of Zimbabwe (IDCZ) has disposed of its shareholding in Almin Metal Industries and Stone Holdings as part of a restructuring process to be completed this year. Th...
THE Zimbabwe Investment Development Authority Bill (Zida) is set to be gazetted within the next few weeks. The merging of the country's investment entities mooted in May 2018 is inspired by the Rwanda...
Energy and Power Development minister Jorum Gumbo yesterday claimed that fuel companies were concentrating on supplying outlying areas resulting in a shortage of the commodity in urban areas.Gumbo mad...
Industrial holdings group Tobacco Sales Limited (TSL) says it will this year focus on partnerships with international firms to generate foreign currency to cushion its operations.TSL's plan comes at a...
The Rainbow Tourism Group will temporarily close the Bulawayo Rainbow Hotel to make way for renovations.Rainbow Tourism Group Corporate Communications and Innovations Manager, PrideKhumbula said the h...
Capacity utilisation at local airports has slumped to below 30 percent on the back of continued operational challenges facing national airline, Air Zimbabwe.This comes at a time the Civil Aviation Aut...
Financially-troubled national airline Air Zimbabwe (AirZim) has instructed its travel agents to start charging in foreign currency for passengers flying into the country as the company seeks to turnar...
Delta Corporation's anchor shareholder, AB InBev, will place over $120 million in unremitted dividends and fees in Reserve Bank of Zimbabwe (RBZ) savings bonds thereby reducing pressure on the demand ...
Leading digital money transfer service WorldRemit has launched low-cost online money transfers from South Africa to Zimbabwe.Using the WorldRemit app or website, Zimbabweans living in South Africa can...
A SOUTH African mining firm Tumagole Consortium says it is committed to investing R55 billion into the Coal-Bed Methane mining project in Lupane. Tumagole Consortium officials, who were led by South A...
HOSPITALITY concern, Ilala Lodge Hotel Group has started the construction of a $15 million hotel along the Zambezi River in Victoria Falls. In a statement, the group said the building of the four-star...
State power utility Zesa Holdings says it will engage Bulawayo City Council (BCC) and other stakeholders to resolve the ownership wrangle over Bulawayo Power Station, which BCC claims to own. This com...
JUSTICE minister Ziyambi Ziyambi yesterday presented the second reading of the Companies and Other Business Entities Bill which, among other provisions, facilitates the electronic registration of busi...
Zimbabwe Miners Federation (ZMF), the umbrella body representing small-scale miners, is opposing applications for Exclusive Prospecting Orders (EPOs) made by 11 local and international mining companie...
Edgars Stores Zimbabwe (Edgars) stock headlined gains on the Zimbabwe Stock Exchange (ZSE) last week after surging 43,64 percent following an announcement that Edcon South Africa (Edcon) was shoring u...
Commercial banks deposits rose by 25% to $8 billion in the first 10 months of last year, data from the central bank has shown.According to the Reserve Bank of Zimbabwe (RBZ)'s monthly review of Octobe...
Kamativi Tailings Company says it will commence civil works at its plant site in Matabeleland North after the company concluded a $9,5 million offtake arrangement with a Swiss-based commodity trader, ...
SOUTH African pharmaceutical group Adcock Ingram says it is assessing the viability of its continued presence in Zimbabwe, given the country's deteriorating economic environment.The Johannesburg Stock...
Agricultural productivity at ARDA Katiyo Estate is being revived after government secured investors that will channel at least US$95 million towards tea and avocado production.The investment deal will...