TRANSPORT & TOURISM

Air Zim urged to re-introduce flights to Beijing

Air Zimbabwe should consider re-introducing flights to Beijing, China through Singapore since it is lucrative and can be sustained, Zimbabwean ambassador to Singapore and Indonesia Alice Magecha said ...

LANDS & AGRICULTURE

Raw milk producers to miss annual target

The National Association of Dairy Farmers (NADF) has said Zimbabwe will miss its 2013 raw milk production target of 70 million litres due to various constraints farmers faced.This year's milk target w...

MINING & RETAIL

Gold dips as physical demand weakens

London - Gold prices eased on Monday as lacklustre physical demand and a retreat in other commodities prompted traders to lock in three days' worth of gains, although expectations that US monetary pol...

INDUSTRIALS & ENERGY

Delta Corp pays $16m dividends

Delta Corporation (Delta) will pay out a total $16 million after declaring a 1,30 US cents per share interim dividend in the half year to September 2013.This comes as most Zimbabwe Stock Exchange (ZSE...

INDUSTRIALS & ENERGY

Reduced production hits Colcom turnover

Listed meat processor Colcom Foods Limited says its flagship foods division's turnover slumped 10 percent in the four months to October 2013 compared to same prior year period due to reduced productio...

INDUSTRIALS & ENERGY

Ingwebu Breweries launch new promotion

INGWEBU Breweries has launched a new promotion known as Siburorotha S'jaiva Sonke which coincides with the company's 100th anniversary.The promotion will cascade to all Ingwebu products under the pro...

INDUSTRIALS & ENERGY

Zimglass runs out of raw materials

ZIMBABWE Glass Company, the country's sole flint glass producer has temporarily suspended production due to inadequate raw materials, Zimglass acting chief executive, Mr Gilbert Tapfuma has said.Speak...

MINING & RETAIL

Mabwe Minerals seeks green light to start operations

United States based Mabwe Mineral Holdings Incorporation (MMI) said it has been compiling documents (specifications sheets) that are necessary for it to get the green light to commence full scale oper...

Pension fund in actuarial deficit

The Local Authorities Pension Fund (LAPF) ability to meet its pension obligations is in doubt as the institution is facing a $341,4 million actuarial deficit as at the end of December 2012.The LAPF is...

MINING & RETAIL

Dalny Mine closure impacts New Dawn revenue

New Dawn Mining revenue was adversely impacted by the closure of the Dalny Mine effective August 30, 2013, as well as the continuing decline in the price of gold during the quarter ended September 30...

TRANSPORT & TOURISM

Cresta Sprayview relaunched after $1.6m renovation

Tourism and Hospitality Industry Deputy Minister Walter Kanhanga has relaunched TA Holdings latest offering - Cresta Sprayview - after a $1.6 million upgrade at the Victoria Falls hotel. The fund...

LANDS & AGRICULTURE

Colcom volumes, turnover growth to continue

Colcom expect the trend of volumes and turnover growth to continue at about 14% over prior year and that profitability will be enhanced by managing all operational costs downwards in an environment o...

FINANCIAL SERVICES

Andrew Schultz joins Imara Africa Securities

Imara Africa Securities today announced the addition of Andrew Schultz to its team with immediate effect. Andrew will lead the equity sales/strategy function which the Group say will deal with an exis...

MINING & RETAIL

'NewZim Steel deal to take longer than expect'

WORKERS of NewZim Steel, formerly Ziscosteel, might have a gloomy Christmas following revelations by Industry and Commerce Minister Mike Bimha that Essar Africa Holdings and the Government were still ...

FINANCIAL SERVICES

Imara projects loss turnaround

Investment advisory firm Imara Holdings Limited (Imara) has projected a turnaround of its losses to record a profit in the half year to October 2013.The Botswana Stock Exchange-listed group - set to ...

LANDS & AGRICULTURE

BAT scales down Zimbabwe operations

BRITISH American Tobacco (BAT) Zimbabwe Holdings Ltd is scaling down its operations in the country amid indications the cigarette maker could resort to outsourcing various local brands from its globa...

CONSTRUCTION & PROPERTY

Zim retail space in high demand

Office space take-up in Zimbabwe is poor with voids in some buildings increasing to around 30% owing to economic activity in the country, a leading property consultancy firm said.In its Africa report...

TRANSPORT & TOURISM

Zim launches e-visa for China, India

ZIMBABWE has launched an e-visa platform for China and India in line with the increased tourist arrivals and investment from those countries.In an interview yesterday, Zimbabwe Tourism Authority chief...

MINING & RETAIL

US to seize funds from Zimbabwe diamonds

THE UNITED States (US) has maintained that it will confiscate money from the sale of Zimbabwe diamonds if companies dealing in the gems do so through the US financial system.Speaking on the sidelines ...

FINANCIAL SERVICES

AfrAsia CEO apologises

AfrAsia Kingdom Limited minority shareholders forced the postponement of the group's extraordinary general meeting to consider, among other resolutions, a proposal to raise fresh capital, after raisin...

TELECOMS & TECHNOLOGY

Econet, Liquid scoop top awards

Econet Wireless Zimbabwe and Liquid Telecoms scooped one prestigious award each yesterday during the 2014 AfricaCom awards ceremony that was held in Cape Town.Liquid walked away with the Best Cost Eff...

LANDS & AGRICULTURE

Producers seek sugar imports ban

Zimbabwe's sugar producers are seeking government's intervention in restricting imports of the commodity, Hippo Valley Estates (Hippo) said.The group - 50 percent owned by South Africa-based agricultu...

MINING & RETAIL

Mwana Africa expects a $3,5m profit

MWANA Africa is expecting a profit of $3,5 million in 2014 after it revised its earnings from an initial loss forecast of $14,5 million on the strength of its subsidiary Bindura Nickel Corporation's n...

FINANCIAL SERVICES

NicozDiamond on capital-raising drive

ZIMBABWE Stock Exchange-listed insurance firm NicozDiamond Insurance is in the process of raising capital that will see the firm consolidating its position on both the local and regional markets, a co...

INDUSTRIALS & ENERGY

Delta Corp posts another robust set of results

Delta Corporation, the local brewing giant, posted another robust set of results showing a solid 12.2% y-o-y growth in net income to $47.2m. The robust performance was on the back of margin expansion...