TRANSPORT & TOURISM

Hilton Hotel construction set to begin in October

Construction of the US$160 million Hilton Hotel and office complex along Samora Machel Avenue in Eastlea is set to begin in October, Harare town clerk Dr Tendai Mahachi has said.The development that...

By Michael Chideme | Published: 10 June 2013

FINANCIAL SERVICES

FBC to surrender building society licence

Listed financial services group FBC Holdings, faced with the possibility of failing to meet new minimum capital requirements by 30 June, plans to surrender its FBC Building Society licence to regulat...

By Business Reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel expanding banking services via mobile phones

TELECEL Zimbabwe Ltd, a unit of Orascom Telecom Holdings Ltd, sees an opportunity expanding banking services via mobile phones as it seeks to generate higher revenue per user, general manager Angelin...

By Bloomberg | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel promotion allows bonus calls to all other local networks

Telecel prepaid customers can now make calls for double the value of the airtime they purchase, regardless of who they are calling, as long as the call is a local call.The Mega Bonus Reloaded Promoti...

By Chris Chinamhora | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Lafarge to focus on affordable housing programme

Lafarge last night launched a new brand communication campaign which changes the baseline to 'building better cities' from 'bringing materials to life'. The group says the new baseline mirrors the ch...

By Staff reporter | Published: 10 June 2013

FINANCIAL SERVICES

Kasukuwere speaks on Brainworks deal

Youth Development, Indigenisation and Economic Empowerment Minister, Saviour Kasukuwere told parliament the deal struck between his ministry and Brainworks, a consultant firm on indigenisation, was...

By Staff reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Bakers Inn to invest in pie making line, to reintroduce half bread

Innscor's Bakers Inn will in September commission a new pie making plant which will raise capacity to 200 000 pies from the current 12 000 daily.Bakers Inn General manager Ketan Patel said during a t...

By Financial Express | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Orascom in talks with Zimbabwe over the Telecel license renewal

The Egyptian owners of Telecel Zimbabwe, Oracom Telecom, revealed yesterday that they are in talks to sort out the license renewal issues they have with the government and local telecommunications re...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

TelOne to launch broadband in Victoria Falls ahead of UNWTO

FIXED telephone services provider TelOne will in July this year commission the Bulawayo-Victoria Falls fibre optic cable ahead of the United Nations World Tourism Organisation General Assembly in Aug...

By New Ziana | Published: 10 June 2013

MINING & RETAIL

Meikles ventures into mining

MEIKLES Limited will start mining operations next year after its investment vehicle, Meikles Resources obtained a special mining grant in the Midlands province, the group said yesterday.The special g...

By Business Reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Former Telecel chief demands $1 million

FORMER Telecel Zimbabwe chief executive officer Francis Mawindi has challenged his dismissal and is demanding over $1 million in damages or reinstatement as details emerge that he was firedMawindi ha...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

NetOne's OneWallet service expanding

NETONE'S OneWallet mobile money service has proven its mettle as the most secure mobile money service in Zimbabwe..This mobile money service is expanding in leaps and bounds as NetOne aggressively i...

By Own Correspondent | Published: 10 June 2013

FINANCIAL SERVICES

AfrAsia honoured as 'Best Bank in Southern Africa'

AfrAsia Bank, the Mauritius-based bank with a growing presence in South Africa and Zimbabwe, has been recognised as the 'Best Bank in Southern Africa 2013' at the annual African Banker Awards ceremon...

By Own correspondent | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Afre profits decline in 4 months to April

Afre reported a decline in profitability in the four months to April but the group is on course to post a surplus at the end of the financial year, CE Doug Hoto told the AGM this morning.Gross Premiu...

By Financial Express | Published: 10 June 2013

INDUSTRIALS & ENERGY

Caps on the on the brink of collapse

FORMER Zimbabwe Stock Exchange listed drug maker Caps Holdings is on the on the brink of collapse after the High Court sheriff ordered the sale some of its assets to pay off money owed to CBZ Bank. A...

By Business reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Afre changes name to First Mutual Holdings Limited

Afre Corporation has changed its name to First Mutual Holdings Limited after an independent consultant told the firm that the current brand has a low visibility in the market and lacks clear associat...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Delta Corp in the process of complying with Indigenisation

Delta Corporation has said it is in the process of complying with the indigenisation policy and has since submitted its road map to the government.CE Pearson Govero told the Imara Investment Conferen...

By financial express | Published: 10 June 2013

TRANSPORT & TOURISM

Emirates fares starting from $2,550 for travel from Harare to Dubai

Travellers from Zimbabwe are being offered a taste of the highlife with the latest discounts from Emirates in a three-day sale of Business Class tickets this week.Attractive discounts are being offer...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Liquid Telecom acquires Rwandatel

KIGALI - Econet Wireless owned fibre and satellite operator, Liquid Telecom yesterday announced that it has acquired Rwandatel, Rwanda's fixed line network operator. The deal includes Rwandatel's cop...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Econet reshuffles TN Bank management

Econet Zimbabwe Limited (Econet) has reshuffled the financial institution's top management, which involves the appointment of new executives, including United Kingdom based financial analyst Lance Ma...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Mining firms urged to go secondary listing

Imara Capital Zimbabwe managing director Sean Gammon yesterday said mining company should consider secondary listings on the Zimbabwe Stock Exchange (ZSE) in a bid  to  boost capital on the...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Russian fixer handed rich platinum concession in Zimbabwe

MOSCOW - A Russian fixer handed an "exclusive licence" to develop the Darwendale platinum deposits in 2006 has said he is ready to bail-out and sell his shares on the open  market if the multi-m...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet settles $85 million of the $137.5 million licence renewal fees

Econet Wireless Zimbabwe's licence was renewed and licence period extended to 20 years while the licence renewal fee was set at $137.5 million, group CEO Douglas Mboweni told an analyst briefing yest...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

RioZim to focus on debt restructuring

RioZim will continue focusing on debt restructuring with the company expecting to generate $8.6 million cash in total and $7.7 million before the end of the year from the sale of reverts of Xstrata, ...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Bulawayo Rainbow hotel gets $650,000 facelift

THE Bulawayo Rainbow Hotel is undergoing a  $650 000 facelift. In a statement yesterday, Rainbow Tourism Group (RTG) the hotel was expected to have several of its areas revamped to give it a mor...

By Business Reporter | Published: 10 June 2013

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