MINING & RETAIL

Raptor Resources finalises plans for Zim nickel mine

United States-based Raptor Resources Holdings has finalised its plan to develop its green field nickel and copper mineral claims in Shamva, the company confirmed yesterday. Raptor Resources is a minin...

By Staff reporter | Published: 09 July 2014

INDUSTRIALS & ENERGY

Nissan SA engages 5 Zimbabwean dealers

Nissan South Africa has partnered five local Nissan dealers in a direct to dealer arrangement that will see the company extending its footprints on the local market. The five chosen dealers are set to...

By Business Reporters | Published: 09 July 2014

TRANSPORT & TOURISM

African Sun seeks 12% increase in seats

AFRICAN Sun says a 12 percent increase in seats is required to satisfy demand for room nights in peak periods in Victoria Falls hotels as this would help the hospitality group overturn a negative four...

By Staff reporter | Published: 09 July 2014

INDUSTRIALS & ENERGY

Govt keen on Feruka oil Refinery

Government is keen on resuscitating the Feruka Oil Refinery in the Eastern border city of Mutare, but is incapacitated by the lack of financial resources to undertake the project, Energy and Power Dev...

By Staff reporter | Published: 09 July 2014

INDUSTRIALS & ENERGY

Graeme Smith quits Green Fuel

GREEN Fuel area general manager Mr Graeme Smith, who was at the helm of the Chisumbanje ethanol project management since inception, has stepped down.The company's community projects manager, Ms Nicoll...

By Manica Post. | Published: 09 July 2014

MINING & RETAIL

Fixed costs haunt ZMDC gold operations

The Zimbabwe Mining Development Corporation needs to realign its costs to current production levels to be able to revive its gold mining operations, parliamentarians heard today.Giving oral evidence t...

By Staff reporter | Published: 07 July 2014

MINING & RETAIL

Coal mining companies owe $2m in tax

Hwange Rural District Council is owed more than $2 million in unit tax which has accrued over the past six years as mining houses operating within its area of jurisdiction continue to default, an offi...

By Sunday News. | Published: 07 July 2014

INDUSTRIALS & ENERGY

BAT builds manufacturing portfolio

Cigarette manufacturer BAT Zimbabwe says it is focusing on building its manufactured cigarette portfolio after stopping semi-processed tobacco exports last year.In an interview, BAT Zimbabwe managing ...

By Staff reporter | Published: 07 July 2014

INDUSTRIALS & ENERGY

Manufactured exports below 9%

Zimbabwe's exports have taken a knock from the struggling manufacturing sector which is operating at around 37 percent of installed capacity.Latest trade figures from the Zimbabwe National Statistical...

By Staff reporter | Published: 07 July 2014

INDUSTRIALS & ENERGY

Zesa exports excess power at night

ZIMBABWE is exporting electricity generated during off-peak periods, particularly after 9pm to neighbouring countries at a time when it ironically imports power to offset deficit during the day.Althou...

By Walter Nyamukondiwa | Published: 07 July 2014

MINING & RETAIL

Meikles postpones platinum mining plans

Meikles Centar Mining has shelved plans to venture into platinum mining following the withdrawal of a prospective investor who had shown interest in the venture, a company official said.The mining com...

By Staff reporter | Published: 07 July 2014

INDUSTRIALS & ENERGY

Quest Motors calls for Govt support

Quest Motors does not require a capital injection but rather Government support through the purchase of the company's wide range of vehicles.Quest Motors Manufacturing Engineering Manager Mr Ezekiel M...

By Staff reporter | Published: 07 July 2014

TRANSPORT & TOURISM

$400k for Bulawayo Rainbow Hotel refurbishment

RAINBOW Tourism Group (RTG) says it has set aside at least $400 000 to refurbish the Bulawayo Rainbow Hotel.The refurbishment follows similar exercises at Rainbow Towers and the Kadoma Hotel and Confe...

By Staff reporter | Published: 07 July 2014

INDUSTRIALS & ENERGY

'Ban car imports,' says Quest Motors

Quest Motors Manufacturing (Quest) says Zimbabwe must ban car imports.The group - with capacity to produce 105 cars per day and 100 buses monthly - said government should shift its policy towards prom...

By Staff reporter | Published: 04 July 2014

LANDS & AGRICULTURE

$655m tobacco sold as mop-up sales loom

Contract tobacco continues to trickle in as overall sales reach $655 million ahead of the commencement of mop-up sales on July 15.Latest figures from the Tobacco Industry Marketing Board (TIMB) show t...

By Staff reporter | Published: 04 July 2014

TELECOMS & TECHNOLOGY

Universal Services Fund delays riles operators

The Postal and Telecommunications Regulatory Authority of Zimbabwe should use the Universal Services Fund to develop ICT knowledge in under-serviced areas and circumvent the delays in putting up passi...

By Staff reporter | Published: 04 July 2014

MINING & RETAIL

ESSAR begins operations at Zisco

ESSAR Africa Holdings has begun operations at Zisco and is engaging creditors to work on a repayment plan while it waits for the construction of a new iron and steel plant in 24 months, Industry and C...

By Staff reporter | Published: 04 July 2014

INDUSTRIALS & ENERGY

Investors keen on CAPS Holdings

A NUMBER of investors have shown interest in CAPS Holdings, but the pharmaceutical company is caught up in numerous court cases, Industry and Commerce minister Mike Bimha has said.At its peak, CAPS Ho...

By Staff reporter | Published: 04 July 2014

FINANCIAL SERVICES

Govt to free IDBZ of its $39,8m legacy debt

GOVERNMENT is considering a proposal to hive-off a $39,8 million legacy debt from the Infrastructure Development Bank of Zimbabwe (IDBZ) balance sheet to give the institution room to mobilise resource...

By Staff reporter | Published: 04 July 2014

TELECOMS & TECHNOLOGY

Telecel embarks on a fibre deployment project

MOBILE network operator Telecel Zimbabwe has embarked on a fibre deployment project which will see the company laying its own optical fibre cable to avail more high capacity data provisioning for the ...

By Staff reporter | Published: 04 July 2014

FINANCIAL SERVICES

'Five Zimbabwe banks at risk,' says Chinamasa

Up to five Zimbabwean banks are "ill", but this will not have an impact on the overall sector due to their small size, Finance minister Patrick Chinamasa said yesterday, without naming the stressed l...

By Staff reporter | Published: 04 July 2014

FINANCIAL SERVICES

RBZ registers 153 micro-finance firms

The Reserve Bank of Zimbabwe (RBZ) says it has registered 153 micro-finance institutions since January this year after being satisfied with their capitalisation levels.In a report for micro-finance in...

By Staff reporter | Published: 04 July 2014

INDUSTRIALS & ENERGY

New pizza outlet opens

SLICE Pizzeria, a new food outlet in Bulawayo, has introduced a new brand of pizza baked in fire ovens to fill a niche of the market share.The proprietors of the food outlet, Xolani Dube and his wife ...

By Staff reporter | Published: 04 July 2014

FINANCIAL SERVICES

CABS stops Youth Fund disbursements

CABS has suspended disbursement of monies to the Youth Fund due to the high rate of default on re-payments.CABS managing director Kevin Terry told a Parliamentary Portfolio Committee on Youth, Indigen...

By Staff reporter | Published: 04 July 2014

MINING & RETAIL

Meikles eyes Matabeleland gold mines

MEIKLES Limited, a leading retail and hotel group, is in the process of acquiring a 51% shareholding in a group of gold mines in the Matabeleland area valued at $3 million, an official has said.Accord...

By Staff reporter | Published: 03 July 2014

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