INDUSTRIALS & ENERGY

Fuel prices to go up

Cash-strapped Zimbabweans should brace for an imminent fuel hike after government gazetted new pricing regulations.Statutory Instrument 80 of 2014, crafted by the Energy ministry in consultation with ...

By Staff reporter | Published: 14 May 2014

TRANSPORT & TOURISM

Zim targets 40 airlines by 2018

Zimbabwe plans to have 40 airlines flying into the country by 2018, nearly trebling the current figures, Civil Aviation Authority of Zimbabwe (CAAZ) general manager David Chawota said yesterday. At th...

By Staff reporter | Published: 14 May 2014

TELECOMS & TECHNOLOGY

'EcoCash to drive Econet's revenue'

Financial analysts have predicted that Econet Wireless Zimbabwe's mobile money transfer service EcoCash will contribute a weighty 7 percent to revenue.IH Securities predicted that EcoCash has potentia...

By Staff reporter | Published: 14 May 2014

LANDS & AGRICULTURE

Price disparity pushing tobacco farmers to contract

Tobacco auction floors say price differences and the high number of contract floors in the country are threatening their existence as 70 percent of the crop is now produced under contract. Auction flo...

By Staff reporter | Published: 14 May 2014

MINING & RETAIL

Chamber of Mines proposes think tank

The Chamber of Mines of Zimbabwe has proposed the establishment a think tank to advise Government on policy with a view to spur growth and investment in mining. The think tank would look into issues o...

By Staff reporter | Published: 14 May 2014

CONSTRUCTION & PROPERTY

ZPI to invest $5m in property development

Listed property developer, Zimbabwe Property Investments Limited is waiting for regulatory approval from the Ministry of Local Government, Public Works and National Housing to start developing a resid...

By Staff reporter | Published: 14 May 2014

TRANSPORT & TOURISM

70 tourists arrives for classic safari challenge

A total of 70 tourists from across the globe arrived in the country through Beitbridge border post yesterday in 28 vintage cars.The convoy arrived at the border post at around mid morning and were wel...

By Staff reporter | Published: 13 May 2014

LANDS & AGRICULTURE

Cotton producer price to be decided today

Farmers and ginners are today expected to hold a final meeting to decide on the producer price of cotton for the 2014 marketing season.The negotiations between the two parties have been opened as a wa...

By Staff reporter | Published: 13 May 2014

MINING & RETAIL

Premier African Minerals' option exercise to fund Kamativi

London Stock Exchange listed commodity firm Premier African Minerals has exercised an option to acquire Toronto-listed AgriMinco's entire interest in its subsidiary Mandalore Development, which has a ...

By Staff reporter | Published: 13 May 2014

FINANCIAL SERVICES

BancABC shareholders to waiver employee share sale restriction

BancABC shareholders will convene early next month seeking approval to waiver a one-year restriction on the sale of employee shares that had been granted under an earlier scheme. The move will facilit...

By Staff reporter | Published: 13 May 2014

LANDS & AGRICULTURE

Timber Producers Federation forms workers' association

The Timber Producers Federation (TPF) is expanding by launching the Timber Producers Association (TPA) which will represent the interests of workers in the timber industry.According to a TPF official,...

By Staff reporter | Published: 13 May 2014

INDUSTRIALS & ENERGY

Cafca pins hope on copper recycling project

Zimbabwe Stock Exchange-listed cable manufacturer Cafca's revenue for the six months period ended March 31, 2014 was up 21 percent to $10 million as the company benefited from a change in strategy to ...

By Staff reporter | Published: 13 May 2014

FINANCIAL SERVICES

Zim banks cut lending to private sector

The slowdown in economic activity, largely typified by deflation has forced banks to take a cautious approach to lending by downsizing credit to the private sector, the Bankers Association (BAZ) has s...

By Staff reporter | Published: 13 May 2014

MINING & RETAIL

NewZim Steel eyes export market

Essar Holdings director for Africa Firdhose Coovadia said New Zim Steel targets to produce international standard quality steel products as it eyes to capture the export market.This follows indication...

By Staff reporter | Published: 13 May 2014

FINANCIAL SERVICES

Trust Banking Corporation hauls RBZ to court

Trust Banking Corporation has hauled the Reserve Bank of Zimbabwe to the administrative court to contest the decision to cancel its banking licence, it has emerged. The central bank in December cancel...

By Staff reporter | Published: 13 May 2014

MINING & RETAIL

Mwana Africa valuation upgraded

Investment intelligence company, Edison Independent Investment Research, has upgraded its valuation of Mwana Africa on the back of better production at units Freda Rebecca and Bindura Nickel Corporati...

By Staff reporter | Published: 13 May 2014

MINING & RETAIL

Hwange denies retrenchment claims

Hwange Colliery Company Limited has denied that it retrenched its workforce that took the company for arbitration seeking to recover severance packages amounting to more than $1,2 million. About 16 wo...

By Staff reporter | Published: 13 May 2014

LANDS & AGRICULTURE

Cotton production to increase

Zimbabwe's cotton production is estimated to increase by 31 percent this year due to the good rains received in most parts of the country, the growers' association said yesterday. Output for the seaso...

By Staff reporter | Published: 13 May 2014

MINING & RETAIL

RioZim floats mining tender

RioZim Limited has floated a tender, seeking bids for contract mining at its Cam and Motor gold mine in Kadoka. "Tenders are invited from suitable and interested bidders from suitable and interested b...

By Staff reporter | Published: 13 May 2014

LANDS & AGRICULTURE

Virginia tobacco sales top $400m mark

Virginia tobacco sales have topped the $400 million mark with at least $420,6 million having been sold so far under both the auction and contract systems, representing an 8 percent increase from the $...

By Staff reporter | Published: 13 May 2014

TRANSPORT & TOURISM

Victoria Falls Safari Lodge dumps 3 Cities

The Victoria Falls Safari Lodge, the flag ship of Africa Albida Tourism in Zimbabwe, says it will not renew its 20-year-old marketing and technical services agreement with Three Cities which expires n...

By Staff reporter | Published: 12 May 2014

TELECOMS & TECHNOLOGY

Telecel introduces video calling

Telecel has introduced a video calling service that allows prepaid subscribers with video calling capable handsets to make video calls to other prepaid Telecel subscribers.Video calling, which is avai...

By Staff reporter | Published: 12 May 2014

INDUSTRIALS & ENERGY

Cimas revenue surpasses $100 million

Cimas Medical Aid Society's revenue for the year ended 31 December 2013 surpassed the $100 million mark to reach $110,4 million, an increase of 12,7 percent over the 2012 figure of $98 million.The soc...

By Staff reporter | Published: 12 May 2014

INDUSTRIALS & ENERGY

Meikles suspends TM's senior manager

The Meikles group has sent one of its directors and senior manager for TM Supermarkets, Bisset Chimhini on suspension pending disciplinary hearing for violating procurement procedures. Chimhini, ...

By Staff reporter | Published: 12 May 2014

TELECOMS & TECHNOLOGY

Econet to expand into road construction

Mobile communications behemoth, Econet Wireless Zimbabwe says it will soon diversify into road construction, in a bid to improve communication channels and support to the community, its chief executiv...

By Staff reporter | Published: 12 May 2014

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