INDUSTRIALS & ENERGY

Schweppes Zimbabwe eyes export market

LOCAL beverages manufacturer Schweppes Zimbabwe plans to export some of its products into the Southern African Development Community. Schweppes marketing and public affairs executive Ms Unaiswi Nleya ...

By Business Reporter | Published: 24 January 2014

FINANCIAL SERVICES

Zim govt to cap bank shareholding

NO individuals shall hold more than 10 percent shareholding in a banking institution or it's controlling company, according to proposed draft amendments to the Banking Act. Currently, the limitation o...

By Staff reporter | Published: 24 January 2014

INDUSTRIALS & ENERGY

Star Africa to resume sugar refinery operations

SUGAR processor Starafrica corporation says it will resume sugar refining operations in Harare in May this year after the commissioning of its Gold Star Sugar Harare plant.In a statement, the firm sai...

By Staff reporter | Published: 23 January 2014

CONSTRUCTION & PROPERTY

Zim properties most expensive in region

The lack of affordable mortgage finance has made properties in Zimbabwe more expensive than most countries in the region exacerbated by high country risk, the Estate Agents Council of Zimbabwe says.EA...

By Staff reporter | Published: 23 January 2014

TELECOMS & TECHNOLOGY

Zimbabwe Internet connectivity soars

ZIMBABWE'S Internet connectivity continues to soar with latest statistics from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) indicating a significant increase in the mont...

By Staff reporter | Published: 23 January 2014

MINING & RETAIL

TM intensifies expansion drive

TM Supermarkets will this year invest $10 million to expand and give its retail outlets a face lift as the group positions to grow market share. Managing director Dave Mills said the company is workin...

By Staff reporter | Published: 23 January 2014

FINANCIAL SERVICES

Imara takes stake in Zambian asset manager

Botswana-listed, pan-African financial services group IMARA with interests in Zimbabwe has acquired a 49% stake in a joint venture with Equity Capital Resources Plc, a Zambian based asset management ...

By Business reporter | Published: 23 January 2014

FINANCIAL SERVICES

Lifeline for Trust Bank

TRUST Bank Corporation (TBC) got a lifeline yesterday after the High Court granted the institution three weeks to submit an opposing affidavit against the proposed liquidation.The reprieve came as th...

By Business Reporter | Published: 23 January 2014

INDUSTRIALS & ENERGY

Zesa gets $35m for pre-paid meters

POWER utility Zesa Holdings has secured an additional $35 million from regional bank, African Export and Import Bank, to complete the installation of prepaid meters across the country.Zesa Holdings sp...

By Business Reporter | Published: 23 January 2014

MINING & RETAIL

ZMDC in bid resuscitate mine

THE Zimbabwe Mining Development Corporation is looking at raising $20 million through a joint venture partnership with a yet to be identified investor in order to resuscitate Elvington Gold Mine in Ch...

By Business Reporter | Published: 23 January 2014

FINANCIAL SERVICES

'Banking sector not sick'

FINANCE and Economic Development Minister Patrick Chinamasa yesterday said local financial institutions were in a sound state despite the liquidity crunch that has affected some of the banks.Minister ...

By Staff reporter | Published: 23 January 2014

INDUSTRIALS & ENERGY

PSMAS faces closure over debts

ALL public sector workers - including teachers, nurses, police officers and soldiers - may go without medical aid as the government has yet to renew the operating licence for Premier Service Medical A...

By Staff reporter | Published: 22 January 2014

TRANSPORT & TOURISM

ZTA, SAA strike deal

The Zimbabwe Tourism Authority (ZTA) has struck a deal with South Africa Airways (SAA) which will see the airline facilitating travel arrangements for tour operators and journalists to promote the loc...

By Staff reporter | Published: 22 January 2014

INDUSTRIALS & ENERGY

Duty reduction excite pharmaceuticals sector

The local pharmaceuticals industry is optimistic that the proposed reduction of duty on raw materials as outlined in the 2014 national budget will be implemented, thereby aiding the recovery of the se...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Ethanol project enters phase 2

The Agricultural and Rural Development Authority (ARDA) says work on the second phase of the multi-million dollar Chisumbanje ethanol project has resumed with an investment of $260 million.The multi-m...

By Staff reporter | Published: 21 January 2014

TRANSPORT & TOURISM

UK tourist delegation in the country

A 12-member tourism delegation from the United Kingdom is in the country to try and restore confidence of western tourists on Zimbabwe as a tourist destination.The delegation, which consists of tour o...

By BH24 | Published: 21 January 2014

INDUSTRIALS & ENERGY

National Foods reopens Mutare maize mill

Zimbabwe Stock Exchange listed grain processor, National Foods, yesterday reopened its Mutare Maize mill to complement operations at the Harare and Bulawayo plants in order to meet increased demand.T...

By Staff reporter | Published: 21 January 2014

TELECOMS & TECHNOLOGY

TelOne recovers $90m debts

Zimbabwe's sole landline network operator, TelOne, says it collected $90 million out of a targeted $300 million last year under its debt recovery programme.Prior and following the introduction of the ...

By Staff reporter | Published: 21 January 2014

FINANCIAL SERVICES

Texton acquires Vunani Asset Management business

Vunani Property Investment Fund (VPIF), an office dominated JSE-listed property fund announced that both its unitholders and board have approved the sale of the asset management business from Vunani P...

By David A. Steynberg | Published: 21 January 2014

LANDS & AGRICULTURE

Poultry producers welcome surtax

The re-introduction of surtax on chicken and other goods to promote local producers has revived the local poultry industry with experts predicting further growth after imports declined significantly.L...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Schweppes eyes regional market

A local beverages manufacturer, Schweppes Zimbabwe says it will expand into the neighbouring countries following high demand for its products on the regional market.In an interview, Schweppes Zimbabwe...

By Staff reporter | Published: 21 January 2014

TELECOMS & TECHNOLOGY

Zimpost automates

Zimbabwe Post (Zimpost) has so far automated 51 offices as the postal services company moves to computerize its over the counter services.The postal company's automation project is nearing completion ...

By Business reporter | Published: 21 January 2014

MINING & RETAIL

Lancashire Steel set to re-open

THE government has started moves to re-open tube and wire manufacturer Lancashire Steel ahead of resumption of operations at NewZim Steel, a senior official has said.Government announced in October la...

By New Ziana | Published: 21 January 2014

TRANSPORT & TOURISM

Vic Falls Safari Lodge opens six suites

THE Victoria Falls Safari Lodge has opened six safari suites following a recent increase in occupancy rate at the property.Chief executive officer of the award-winning Africa Albida Tourism (AAT), Ros...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Ingwebu Breweries sales improve

INGWEBU Breweries recorded a 10 percent increase in sales during the festive season when the company was  running a promotion to celebrate its 100 years of service and excellence.Speaking at the ...

By Staff reporter | Published: 21 January 2014

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