LANDS & AGRICULTURE

Sedco, Westia Group sign funding MoU

Local equipment distribution company Westia Group last week signed a memorandum of understanding with the Small Enterprises Development Corporation that will see beneficiaries' access equipment on cre...

By Staff reporter | Published: 30 January 2014

TELECOMS & TECHNOLOGY

Zim introduces extra telecoms licence fees

The government has introduced a range of additional licensing costs for privately owned telecoms companies in the country after missing its revenue targets for 2013 by 6%, local news agency IT Web New...

By TeleGeography | Published: 29 January 2014

TELECOMS & TECHNOLOGY

Telecel launches telecash, its mobile money service

Telecel today launched its electronic wallet service, telecash, which allows mobile phones to be used to send money to anyone with a mobile phone, regardless of network, and pay for groceries, bills, ...

By Staff reporter | Published: 29 January 2014

MINING & RETAIL

Caledonia complies with Zim govt directive

Canadian based firm Caledonia Mining Corporation has complied with Government's directive for local mines to sell their gold to Fidelity Printers in a bid to stop the export of unprocessed gold.In a s...

By Staff reporter | Published: 29 January 2014

INDUSTRIALS & ENERGY

Willowvale Mazda to revert to old business model

Willowvale Mazda Motor Industries (WMMI) will soon return to its original business model of assembling different types of cars in an effort to revive its waning fortunes, an official has said.WMMI, wh...

By New Ziana | Published: 29 January 2014

INDUSTRIALS & ENERGY

Phoenix to delist from ZSE

Phoenix Consolidated Industries Limited is considering delisting from the Zimbabwe stock exchange as part of the company's turnaround strategy. In a report presented to creditors at the High court thi...

By Staff reporter | Published: 29 January 2014

TELECOMS & TECHNOLOGY

Telecel partners ZimSwitch in mobile money service

Just over 20 banking institutions currently on the ZimSwitch platform have partnered Zimbabwe's second largest mobile phone operator, Telecel, in launching a mobile money service as Zimbabwe pushes fo...

By Staff reporter | Published: 29 January 2014

INDUSTRIALS & ENERGY

$23m blanket factory for Beitbridge

Rouqui Investments, a company with diverse business interests is at an advanced stage of building a blanket factory in Beitbridge at a cost of $23 million, Roy Muleya, a director of the company said i...

By Staff reporter | Published: 29 January 2014

FINANCIAL SERVICES

IDCZ to close StanChart account

Foreign-owned bank Standard Chartered Zimbabwe has ordered the Industrial Development Corporation to close its bank account with the institution next month as part of widespread Western-backed sanctio...

By Staff reporter | Published: 29 January 2014

MINING & RETAIL

Arcturus Mine not shutting down

Metallon Gold Zimbabwe says it will not shut down Arcturus Mine despite persistent losses due to low ore grade and falling gold prices. Head of corporate affairs Zenzo Nsimbi said Arcturus Mine was cl...

By Staff reporter | Published: 29 January 2014

MINING & RETAIL

'Zim to benefit from SA strikes'

Zimbabwe's platinum mining sector could benefit from an indefinite strike embarked upon by South Africa's platinum mine workers through increased global platinum prices due to reduced market supply, a...

By Staff reporter | Published: 29 January 2014

MINING & RETAIL

Mining royalties dip 45%

Zimbabwe's mining royalties slumped by 45 percent to $133,7 million against a target of $245 million in the full year to December 2013, casting further doubt on the country's 2014 economic projections...

By Staff reporter | Published: 29 January 2014

TELECOMS & TECHNOLOGY

Jane Mutasa to be prosecute for swindling Telecel

THE Supreme Court has ordered Mr Johannes Tomana, the Prosecutor - General, to issue a certificate to privately prosecute Telecel shareholder Jane Mutasa within five days on charges of swindling the m...

By Staff reporter | Published: 28 January 2014

FINANCIAL SERVICES

Zim macroeconomic report 2013 review and 2014 outlook

Imara Edwards Securities released its Zimbabwe macroeconomic report 2013 review and 2014 outlook.A sweet spot for the ZSE in 2013After a largely indifferent year in 2012 the ZSE industrial index repor...

By Imara | Published: 28 January 2014

LANDS & AGRICULTURE

Auction floors ready for 2014 tobacco selling season

The three auction floors licensed to sell tobacco this year have almost completed preparations for the marketing season which starts on February 19. The Tobacco Industry Marketing Board has licenced B...

By New Ziana | Published: 28 January 2014

INDUSTRIALS & ENERGY

AICO Rights offer well subscribed

Zimbabwe Stock Exchange listed conglomerate, AICO Africa Limited's rights offer to raise $15 million was subscribed by 94,57 percent paving the way for the company to address its legacy debt and ultim...

By bh24 | Published: 28 January 2014

MINING & RETAIL

ZMDC seeks $15m to resuscitate Jena Gold Mines

The Zimbabwe Mining Development Corporation is seeking a strategic partner to help raise $15 million for the resuscitation of its Jena gold mines in the Midlands region. According to a project documen...

By Staff reporter | Published: 28 January 2014

INDUSTRIALS & ENERGY

Olivine, Surface Investments to merge

The industrial Development Corporation plans to merge two of its subsidiaries, Olivine industries and Surface Investments in order to attract investment for the revival of the companies.Addressing the...

By Staff reporter | Published: 28 January 2014

MINING & RETAIL

Belgium based Antwerp pins future on Zim gems

The Antwerp Diamond World Centre (AWDC) said on Tuesday it is pinning its long term survival on Zimbabwe, a a key emerging producer in the world, the New Ziana reported.The Belgium based AWDC, which c...

By New Ziana | Published: 28 January 2014

MINING & RETAIL

Miners inch towards beneficiation

Mining companies appear to be now toeing the line regarding Government's steadfast position on the urgent need to optimise benefits from minerals through beneficiation and have started backing their c...

By Staff reporter | Published: 28 January 2014

MINING & RETAIL

Zim to seize unused mining permits after 3 years

Zimbabwe will enforce the "use-it-or-lose-it" principle with respect to mining companies' land, according to a copy of the Finance Bill 2014 obtained by Bloomberg News. Any unworked land will be trans...

By Bloomberg | Published: 28 January 2014

MINING & RETAIL

Mimosa Platinum production was stable

Mimosa production was stable and costs reduced further, in line with management's expectations. Unfortunately Mimosa does not benefit from a weakening currency and hence the lower Dollar metal prices ...

By Staff reporter | Published: 28 January 2014

MINING & RETAIL

Regulatory uncertainty impacts Mimosa Platinum

Aquarius Platinum Limited, the world's fourth-largest platinum miner, which jointly own Mimosa Platinum with Implats said proposed tax changes and regulatory uncertainty in Zimbabwe had impacted its a...

By Staff reporter | Published: 28 January 2014

MINING & RETAIL

'Zim to supply quarter of world rough diamond'

Zimbabwe will account for over a quarter of the world diamond output in the next decade following the success of its first auction, the leading hub for rough diamond trade said on Monday. Zimbabwe hel...

By Antwerp | Published: 28 January 2014

TRANSPORT & TOURISM

Debt scuttles Air Zimbabwe plans

State-owned national carrier Air Zimbabwe reportedly failed to resume flights to London last November amid reports that are airline has a $3 million outstanding debt for airport, navigation fees and c...

By Staff reporter | Published: 28 January 2014

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