MINING & RETAIL

Bindura Nickel Corp in re-birth!

BINDURA Nickel Corporation's long road to recovery, which included five difficult years under care and maintenance, culminated in a strong return to profitability, thanks in part to the firming intern...

By Staff reporter | Published: 15 July 2014

TRANSPORT & TOURISM

Low-cost airline eyes local routes

LOW-COST airline Fly Africa, which begins plying the Victoria Falls-Johannesburg route tomorrow, is eyeing local routes as well, officials have said.The airline is a partnership between the Professor ...

By Leonard Ncube | Published: 15 July 2014

FINANCIAL SERVICES

Insurance congress comes to Zimbabwe

Zimbabwe will from September 27 to October 2, 2014, host the Insurance Congress of Developing Countries, in Victoria Falls at the Elephant Hills Resort.The congress which is being held under the theme...

By Staff reporter | Published: 15 July 2014

INDUSTRIALS & ENERGY

Cimas offers new membership cards

Cimas Medical Aid Society is currently sending out every week about 9 000 new colour coded membership cards with photographs that are designed to reduce the number of fraudulent claims.The society est...

By Staff reporter | Published: 15 July 2014

MINING & RETAIL

Duration Gold plans 'strict cost cutting'

Gwanda-based gold miner Duration Gold will introduce strict cost cutting measures to improve efficiencies to counter the fluctuation of gold prices on the international market.The move comes after the...

By Tinashe Makichi | Published: 15 July 2014

LANDS & AGRICULTURE

40 investors eye Arda

ABOUT 40 investors have submitted bids to undertake a wider range of business activities at the Agricultural and Rural Development Authority through Public Private Partnerships.Business plans were rec...

By Staff reporter | Published: 15 July 2014

FINANCIAL SERVICES

'Banks' performance satisfactory'

ECONOMIC commentators say the performance of the banking sector in the first quarter was satisfactory given the prevailing challenges the country is facing.The Reserve Bank of Zimbabwe, in its banking...

By Staff reporter | Published: 15 July 2014

TRANSPORT & TOURISM

Zim to partner US to increase tourist arrivals

The Zimbabwean Government is set to sign a memorandum of understanding (MoU) with the United States to promote tourism between the two countries, an official has said.Addressing journalists at his off...

By Staff reporter | Published: 10 July 2014

INDUSTRIALS & ENERGY

3 bidders shortlisted for Devon Engineering

The fate of Motec Holdings subsidiary, Deven Engineering, hangs in the balance as the group awaits confirmation of funds from the shortlisted bidders.The Industrial Development Corporation (IDC) annou...

By Staff reporter | Published: 10 July 2014

MINING & RETAIL

Trojan mine resumes full production

Bindura's Trojan Mine has resumed full production generating revenue of $65 million despite depressed global prices of nickel.Trojan re-entered the ranks of nickel producers with significant productio...

By Staff reporter | Published: 10 July 2014

INDUSTRIALS & ENERGY

Cimas in bid to curb fraud

Cimas Medical Aid Society is currently sending out every week about 9 000 new colour coded membership cards with photographs that are designed to reduce the number of fraudulent claims.The society est...

By Staff reporter | Published: 10 July 2014

TELECOMS & TECHNOLOGY

Econet suffers internet blackout

ECONET subscribers in Bulawayo and some parts of the southern region were left stranded after they failed to access internet services following a fault in the company's signal links.The internet servi...

By Staff reporter | Published: 10 July 2014

TRANSPORT & TOURISM

Emirates boosts baggage allowance from Harare

Emirates, which flies daily from Harare to Dubai via Lusaka, has increased its Economy Class checked baggage allowance by a third, bringing it into line with the Business Class offering.The generous 4...

By Staff reporter | Published: 10 July 2014

FINANCIAL SERVICES

One bank exceeds $100m minimum capital requirement

Zimbabwe's banking sector has witnessed a 2,5 percent and 3,6 percent decline in net capital and core capital levels, respectively as at the end of the first quarter, the Reserve Bank of Zimbabwe has ...

By Staff reporter | Published: 10 July 2014

TELECOMS & TECHNOLOGY

Telecel targets data usage

MOBILE telecommunications company Telecel says it is increasingly focusing on data services as a business strategy in line with current trends in the market.The advent and rapid market adoption of non...

By Staff reporter | Published: 10 July 2014

MINING & RETAIL

Freda gold output down 10%

Freda Rebecca's gold output declined by 10 percent to 58,704 ounces in the year to March weighed down by lower head grade and mechanical faults on the milling plant. Mill head grade of 2,10g per tonne...

By Golden Sibanda | Published: 10 July 2014

FINANCIAL SERVICES

FBC to get $20m from Afreximbank

FBC Holdings will soon start drawing down on the last tranche of $20 million out of the $60 million facility secured from Afreximbank after signing off papers for the release of the funds. Group chief...

By Golden Sibanda | Published: 10 July 2014

INDUSTRIALS & ENERGY

Textile industry needs $200m to recapitalise

ZIMBABWE'S textile industry needs at least $200 million in the short to medium term to recapitalise, according to a latest study on the country's cotton and clothing industry. About $50 million is req...

By Martin Kadzere | Published: 10 July 2014

LANDS & AGRICULTURE

Contract tobacco sales surpass target

Over 373000 kgs of tobacco valued at over $1,1 million has been sold under the contract system since the end of the 2014 flue-cured tobacco selling season last month.The Tobacco Industry and Marketing...

By Staff reporter | Published: 09 July 2014

MINING & RETAIL

Mwana Africa shares up 18% on LSE

Shares of Pan-African multi-commodity mining firm, Mwana Africa plc, climbed 18 percent in this morning's trading on the London Stock Exchange after reporting a profit in its fiscal 2014, mainly on st...

By Staff reporter | Published: 09 July 2014

FINANCIAL SERVICES

IDBZ awaits $40 million infrastructure drawdown

THE Infrastructure Development Bank of Zimbabwe (IDBZ) is awaiting drawdown on two lines of credit amounting to $40 million as the institution mobilises resources for infrastructure projects.The move ...

By Staff reporter | Published: 09 July 2014

FINANCIAL SERVICES

BancABC reshuffles executives

PAN-African banking group,BancABC, has gone on a restructuring exercise that will see Hashmon Matemera returning to group level after a four-year stint as managing director for the Zimbabwean unit.Mat...

By Staff reporter | Published: 09 July 2014

LANDS & AGRICULTURE

Sable assures farmers

THE country's sole ammonium nitrate (AN) fertilizer manufacturer, Sable Chemicals, has assured farmers of enough stocks of the commodity for the winter wheat cropping season.Sable Chemicals chief exec...

By Lovemore Zigara | Published: 09 July 2014

MINING & RETAIL

Platinum miners decry 15% export levy

Platinum mining firms have warned that the 15 percent levy Government imposed on raw platinum exports could lead to a collapse of the strategic industry. The export tariff took effect at the beginning...

By Golden Sibanda | Published: 09 July 2014

FINANCIAL SERVICES

NSSA's new bank to focus on housing

THE National Social Security Authority has appointed Deloitte and Touché to process papers for its application for a micro-finance bank licence that will have an initial capital of $50 million. The n...

By Conrad Mwanawashe | Published: 09 July 2014

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