INDUSTRIALS & ENERGY

Delta Beverages volumes up 4%

Delta publishes trading update for the second quarter ending September 30 saying consumer demand has remained generally soft, a trend that has been evident since the beginning of the calendar year. A...

By Business reporter | Published: 16 October 2013

INDUSTRIALS & ENERGY

10% ethanol blending begins

The new mandatory 10 percent  blending of ethanol with petrol has started today (Tuesday) with experts assuring the motoring public that no damages will be experienced as the fuel is compatible t...

By Staff reporter | Published: 15 October 2013

TRANSPORT & TOURISM

Emirates takes customer service to a higher level in Zimbabwe

Emirates, which flies daily from Harare to Lusaka and Dubai, has been voted the best airline at this years' Service Excellence Awards in Zimbabwe - the second local award for the airline in the three...

By Staff reporter | Published: 15 October 2013

INDUSTRIALS & ENERGY

Zim takes steps to rectify chronic power shortages

Zimbabwe Electricity Supply Authority subsidiary, the Zimbabwe Power Company (ZPC), says it is close to finalising a deal with China Export and Import Bank for the expansion of Kariba's South hydropo...

By Staff reporter | Published: 15 October 2013

TELECOMS & TECHNOLOGY

EcoCash surpasses $1 billion mark

MORE than $1 billion exchanged hands through the Econet Wireless mobile payment platform in the first nine months to September as the country's formal banking sector pushes for more financial inclusio...

By Staff reporter | Published: 15 October 2013

INDUSTRIALS & ENERGY

Millers bemoan influx of cheap flour imports

The Grain Millers Association of Zimbabwe says at least 20 of its members have been forced to close shop during the past 12 because of competition from the uncontrolled importation of cheap flour.Ac...

By Staff reporter | Published: 14 October 2013

MINING & RETAIL

$2bn required to build a platinum refinery in Zim

The Platinum Producers Association of Zimbabwe has completed a study on the feasibility of building a platinum refinery in Zimbabwe.The study was carried out in response to calls from the government ...

By Staff reporter | Published: 14 October 2013

MINING & RETAIL

Hwange Colliery workers down tools

Hwange Colliery workers have gone on strike demanding overdue salaries, a week after their spources demonstrated, Zimbabwe Focus reported.More than 100 wives of Hwange Colliery Company Limited (HCCL...

By Staff reporter | Published: 14 October 2013

MINING & RETAIL

New diamonds miner granted licence in Zim

The Zimbabwe government has granted a license to Global Diamond Trekkers to explore for the gems in the Middle Save area of Manicaland province, about 100 kilometers south east of the Chiadzwa fields...

By Staff reporter | Published: 14 October 2013

FINANCIAL SERVICES

Nhema to meet banks over indigenisation

INDIGENISATION minister Francis Nhema is set to meet foreign- owned banks operating in Zimbabwe to discuss a possible modification of the indigenisation policy.Nhema told Southern Eye Business on the...

By Staff reporter | Published: 14 October 2013

LANDS & AGRICULTURE

Indian firm angles for Quton

Seed Co Limited is mulling shedding its cotton planting seed company, Quton, seven years after it acquired the business from Cottco, and Indian firm Mahyco has emerged as a front runner to swoop on th...

By Staff reporter | Published: 14 October 2013

INDUSTRIALS & ENERGY

MedTech release an improved set of financials

MedTech released an improved set of financials, showing a 10% growth in revenue to $7m on the back of a 44% increase in the Medical segment revenue as well as a 5% sales growth in the FMCG segment. Th...

By Business reporter | Published: 14 October 2013

INDUSTRIALS & ENERGY

Willowvale Mazda on the verge of collapse

WILLOWVALE Mazda Motor Industries (WMMI) is on the verge of collapse amid revelations the vehicle manufacturing company, which has not been manufacturing for the past 12 months, owes Mazda Japan in e...

By Staff reporter | Published: 14 October 2013

TELECOMS & TECHNOLOGY

Cheap voice calls for Zimbabweans in diaspora

A United States-based voice over internet protocol (VoIP) service provider has announced that it will tomorrow be launching a voice-call service for Zimbabweans in the diaspora to call back home at a ...

By Staff reporter | Published: 14 October 2013

FINANCIAL SERVICES

Mayhem looms in Zimbabwe banks

In a landmark ruling likely to send shockwaves in the banking sector, the Supreme Court on Friday ordered Standard Chartered Bank to pay back a client's funds which it surrendered to the RBZ following...

By Business reporter | Published: 14 October 2013

TELECOMS & TECHNOLOGY

Econet shortlisted for top Africa award

ECONET Wireless Zimbabwe and its France-based partner Astellia have been shortlisted for the ‘Best cost efficiency solution for Africa' at the Africa Com Awards set for Cape Town South African next ...

By Business Reporter | Published: 14 October 2013

INDUSTRIALS & ENERGY

Zim begins mandatory 10% blending

Zimbabwe will from Tuesday begin the mandatory 10% blending of country's fuel as the country moves to cut its fuel importation bill and use the money for other developmental projects, Energy and Power...

By Staff reporter | Published: 14 October 2013

INDUSTRIALS & ENERGY

ZPC to seal Kariba funding deal

THE Zimbabwe Power Company expects to conclude the funding agreement with China Export and Import Bank for the expansion of Kariba South hydro power plant before the end of this year.China's Sino Hydr...

By Staff reporter | Published: 11 October 2013

FINANCIAL SERVICES

Depositors' insurance cover reviewed upwards

The Deposit Protection Corporation has increased insurance cover for depositors to $500 to restore confidence in the banking sector.The upward review of depositor insurance cover from $150 to $500 fol...

By Staff reporter | Published: 11 October 2013

TRANSPORT & TOURISM

Sanganai-Hlanganani officially opened

The Senior Minister of State in the President's Office, Simon Khaya Moyo says government has declared Sanganai/ Hlanganani World Travel and Tourism Africa Fair a national event.Ambassador Khaya Moyo m...

By Staff reporter | Published: 11 October 2013

MINING & RETAIL

New Dawn gets approval for its indigenisation plan

New Dawn Mining Corp has announced that the Zimbabwe Minister of Youth Development, Indigenisation and Economic Empowerment has approved the Company's previously filed plan of indigenisation. This ap...

By Staff reporter | Published: 11 October 2013

TRANSPORT & TOURISM

Air Zimbabwe adjusts fares

STATE-OWNED national carrier Air Zimbabwe has adjusted its fares by up to $40 after the airline's comeback promotion lapsed last month as the festive season approaches.After extending its Cruising Alt...

By Staff reporter | Published: 11 October 2013

LANDS & AGRICULTURE

SeedCo in technical-equity partnership with Vilmorin & Cle

Seed Co is seeking shareholder approval to implement the proposed strategic technical-equity partnership with Vilmorin & Cle, a NYSE Euronext Paris Stock Exchange listed company which is a world l...

By Staff reporter | Published: 11 October 2013

FINANCIAL SERVICES

Bankers shift attention to economy

BANKERS will converge on Nyanga next week for an uncharacteristic summer banking school that will discuss domestic economic growth that has started to lose steam.The banking school is normally held i...

By Business Reporter | Published: 11 October 2013

FINANCIAL SERVICES

Cheque transactions face extinction

CHEQUES are dying as a payment system in Zimbabwe as they have continued on a downward slip since the advent of the multiple currency regime in 2009 with transactions decreasing from $12,3 million in...

By Staff reporter | Published: 11 October 2013

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