INDUSTRIALS & ENERGY

Scrap duty on synthetic hair products

Hair products manufacturer Blue Track Investments has called upon Government to scrap duty on imported on synthetic fibre.The company imports all its raw materials used in the manufacturing of the br...

By Staff reporter | Published: 16 April 2014

INDUSTRIALS & ENERGY

SABMiller's Zim lager volumes down 18%

Leading brewer SABMiller's lager volumes in Zimbabwe were 18 percent lower in the full year to March 31, 2013.In a trading update this morning, SABMiller attributed the constrained performance of its...

By Staff reporter | Published: 16 April 2014

MINING & RETAIL

Africa Chrome Fields sells Zim chrome venture for $4m

Australian domiciled exploration company African Chrome Fields (ACJ), formerly TPL Corporation is selling 70% of its stake in African Chrome Fields Pte Limited for $4 million. ACJ is the holder of app...

By Staff reporter | Published: 15 April 2014

FINANCIAL SERVICES

Premier Diamonds gets High Court reprieve

Local firm, Premier Diamonds got a reprieve last week after the High Court granted an order staying the execution of an order compelling it to settle a $4.6 million loan advanced by BancABC to finance...

By Staff reporter | Published: 15 April 2014

TELECOMS & TECHNOLOGY

Econet won't back down on tariff

Econet Wireless Zimbabwe has declared that it will never back down on its earlier demands for banks to pay a prescribed tariff in order to gain access to its transaction messaging system. Chief execut...

By Staff reporter | Published: 15 April 2014

TRANSPORT & TOURISM

NRZ scouts for investors

THE National Railways of Zimbabwe is scouting for investors to partner it in the construction of rail link between Lion's Den near Chinhoyi and Kafue in Zambia as it seeks to create a shorter transit ...

By CAJ News. | Published: 15 April 2014

TRANSPORT & TOURISM

Zim invited to Netherlands for tourism event

Zimbabwe has been invited to the International Travel and Tourism Market (ITTM) to be held in the Netherlands this week, an official said on Friday.In a statement Tourism and Hospitality Industry Mini...

By New Ziana | Published: 14 April 2014

LANDS & AGRICULTURE

Zim beekeepers fail to supply export order

Zimbabwean beekeepers have failed to supply an order for honey and its other products from a Bulgarian company due to low production levels and technology used, an official said on Friday.Beekeepers A...

By New Ziana | Published: 14 April 2014

INDUSTRIALS & ENERGY

Sable pins hope on electricity subsidy renewal

Operations at ammonium nitrate producer Sable Chemicals hang in the balance as the Government is yet to renew a power subsidy agreement that it entered with the company to enable it sustain production...

By New Ziana | Published: 14 April 2014

INDUSTRIALS & ENERGY

Total Zimbabwe begins T-Air stations rollout

Total Zimbabwe, one of the leading energy supply company in Zimbabwe, has launched the new T-Air station model in Harare.The new T-Air station, the first of its kind in Zimbabwe, has been initially la...

By Staff reporter | Published: 14 April 2014

INDUSTRIALS & ENERGY

Chemco shareholders approve debt-to-equity swap

ZSE-listed agro-industrial concern Chemco's shareholders have approved a debt-to-equity swap with parent company TSL Holdings.In a notice to shareholders today, the company said TSL will compulsorily ...

By Staff reporter | Published: 14 April 2014

LANDS & AGRICULTURE

Tobacco sales to date up 1,3%

The value of tobacco sold so far has risen 1,3 percent to $215 million from $212 million in the parallel period last year.According to latest figures from the Tobacco Industry Marketing Board (TIMB), ...

By Staff reporter | Published: 14 April 2014

TELECOMS & TECHNOLOGY

Econet seeks EcoLife partner

Zimbabwe's largest wireless network operator Econet seeks a local partner to resume its mobile-based insurance service, EcoLife.Its chief executive Douglas Mboweni last week told businessdaily that th...

By Staff reporter | Published: 14 April 2014

MINING & RETAIL

Mugabe blasted over mining licences

CIVIL society organisations have blasted President Robert Mugabe for granting exploration licenses to private mining companies in spite of poor monitoring mechanisms that have resulted in some compani...

By Staff reporter | Published: 14 April 2014

MINING & RETAIL

Zimplats honours $10 million pledge

Zimplats says it has fully paid up the $10 million it pledged to the Mhondoro-Ngezi-Chegutu-Zvimba Community Share Ownership Trust after releasing the last tranche of $1.5 million recently. The last d...

By Staff reporter | Published: 14 April 2014

MINING & RETAIL

Gold buyers ordered to register

FIDELITY Printers and Refiners, a unit of the Reserve Bank of Zimbabwe, has set at deadline of April 31 for all gold buying agents to register with buying centres as the Mines and Mining Development m...

By Staff reporter | Published: 14 April 2014

LANDS & AGRICULTURE

GMB maize intake declines

The Grain Marketing Board (GMB) has recorded a 59 percent decline in maize intake with the total of 47 000 metric tonnes received during the 2013/14 marketing season against a total of 131 000 metric ...

By Staff reporter | Published: 14 April 2014

MINING & RETAIL

'Platinum bloc to benefit Zimbabwe'

South Africa (SA) and Russia's plans to establish a platinum bloc may benefit Zimbabwe, analysts said.They said the Organisation of Petroleum Exporting Countries (Opec)-style unit will uplift local pl...

By Business Live | Published: 14 April 2014

TRANSPORT & TOURISM

Vic Falls Airport expansion on schedule

The Victoria Falls International Airport expansion project is on schedule with the runway now 41 percent done while the terminal building is 23 percent complete.The project is costing $150 million.Civ...

By Patrick Chitumba | Published: 14 April 2014

MINING & RETAIL

Unki Platinum Mine resumes expansion

Anglo America Platinum's Zimbabwe platinum mining arm, Unki Platinum Mine has resumed expansion which was temporarily put on hold last year due to fall of platinum prices on the global market.In an i...

By Tinashe Makichi | Published: 14 April 2014

MINING & RETAIL

Govt to make pronouncement on NewZim Steel in 2 weeks

The Government should make a pronouncement on progress made at NewZim Steel (formerly ZiscoSteel) in the next "two weeks," an official has said.Industry and Commerce Minister Mike Bimha said the long ...

By Staff reporter | Published: 11 April 2014

TELECOMS & TECHNOLOGY

'Telecel Go removes boundaries'

Telecel has launched a new pre-paid service platform called Telecel Go, which removes the boundaries between networks and reduces the cost of calls across all networks significantly below the regulato...

By Consultants I Mike Hamilton | Published: 11 April 2014

TELECOMS & TECHNOLOGY

Econet won't come back into Zim football

Zimbabwe's largest mobile telecommunication company, Econet Wireless Zimbabwe Limited (Econet), has maintained it will not return to sponsor football in the near future due to "other pressing national...

By Staff reporter | Published: 11 April 2014

MINING & RETAIL

Mbada Diamonds boss quits

THE Chief Executive Officer of Mbada Diamonds, Patience Khumalo, has resigned from the company, she confirmed last night.Khumalo, speaking exclusively to Business Chronicle, said: "I was the first emp...

By Mernat Mafirakurewa | Published: 11 April 2014

INDUSTRIALS & ENERGY

Domino's Pizza heads for Zimbabwe

One of the leading global pizza brands, Domino's, will soon be available in the country after South Africa-based Taste Holdings signed a 30-year master franchise agreement with Domino's Pizza Internat...

By Mernat Mafirakurewa | Published: 11 April 2014

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