TELECOMS & TECHNOLOGY

Telecel to comply with indigenisation

Local mobile phone service provider, Telecel Zimbabwe Limited says it will comply with the indigenisation and economic empowerment broad-based model in the procurement and provision of supplies and an...

By Staff reporter | Published: 09 October 2013

LANDS & AGRICULTURE

'Shape up or shut down,' govt tells CSC

THE Deputy Ministers of Agriculture, Mechanisation and Irrigation Development yesterday told the management and board of the Cold Storage Company (CSC) in Bulawayo that the Government would no longer ...

By Staff reporter | Published: 09 October 2013

LANDS & AGRICULTURE

Olam International to dispose Zimbabwe unit

OLAM International Limited, a global commodity trader is close to selling its Zimbabwean unit, Olam Cotton to a local firm ETG Parrogate, sources said yesterday. The transaction has, however, left man...

By Business Reporter | Published: 09 October 2013

TRANSPORT & TOURISM

Emirates offers special fares to Zimbabwean travellers

Emirates, one of the fastest growing airlines in the world, is offering travellers in Zimbabwe the chance to visit some of the world's most popular destinations at reduced fares for a limited period o...

By Staff reporter | Published: 08 October 2013

INDUSTRIALS & ENERGY

Chibuku, conquering Africa

IT has long served as the ceremonial ambrosia of a timeless Africa, prepared with painstaking care by rural women, toiling over smoking wood fires and steaming earthen pots.No social occasion or relig...

By thestar.com | Published: 08 October 2013

INDUSTRIALS & ENERGY

Beer price increase a reaction to pricing 'abuse'

IMARA Edwards Securities speculates that the review of beer prices by Delta Beverages is a reaction to the 'abuse' by retailers on pricing due to shortage of coinage.Delta reviewed the wholesale and...

By Staff reporter | Published: 08 October 2013

FINANCIAL SERVICES

IDBZ to issue $54m bond to finance TelOne and ZPC

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has plans to issue a $54 million bond to finance expansion programmes at State-owned telecoms firm TelOne and the Zimbabwe Power Company (ZPC) at...

By Staff reporter | Published: 08 October 2013

MINING & RETAIL

Blanket Mine gold production up 3.9%

Caledonia Mining Corporation said Monday that it had seen increases in gold production from its 49%-owned subsidiary  Blanket Mine in Zimbabwe during the third quarter.In the third quarter ended ...

By Staff reporter | Published: 07 October 2013

INDUSTRIALS & ENERGY

Hwange power station in $1,3b expansion project

The Zimbabwe Power Company (ZPC) is embarking on a $1,3 billion expansion programme for Hwange Thermal Station in a move that will see the power utility increase its power generation by 600 megawatts....

By Staff reporter | Published: 07 October 2013

MINING & RETAIL

OK Zimbabwe in wrangle with workers

OK Zimbabwe is embroiled in a potentially bruising wrangle with 51 former workers of OK Mart, over alleged unfavourable working conditions that ensued when the former took over from Makro.The Zimbabwe...

By Staff reporter | Published: 07 October 2013

INDUSTRIALS & ENERGY

Zera encourages use of gas

The Zimbabwe Energy Regulatory Authority (Zera) said on Sunday Zimbabweans must shift to use of liquefied petroleum gas (LPG) as the power supply situation remains unstable.With Zimbabwe facing a pere...

By Staff reporter | Published: 07 October 2013

INDUSTRIALS & ENERGY

Zesa mulls new strategy for thermal power stations

Zesa Holdings says it is considering installing new boiler technologies for its three redundant thermal power stations to help reduce the power deficit the country is facing.Zimbabwe is struggling to ...

By Staff reporter | Published: 07 October 2013

INDUSTRIALS & ENERGY

Beer price go up

The price of beer has gone up by between 10 and 20 cents with effect from yesterday according to a circular released to wholesalers and retailers by Delta Corporation.According to the circular, the pr...

By Staff reporter | Published: 07 October 2013

MINING & RETAIL

We'll have our Zimbabwe Marikana, miners warn

THE biggest union representative gold and platinum mine workers has said it would ask employers to as much as double pay for some members warning of a potentially bloody showdown if their demands are...

By Bloomberg | Published: 07 October 2013

INDUSTRIALS & ENERGY

ZERA moves on independent power producers

Efforts by the Zimbabwe Energy Regulatory Authority to engage independent power suppliers to help alleviate power shortages in the country is now paying dividend following the commissioning two indepe...

By Staff reporter | Published: 07 October 2013

TELECOMS & TECHNOLOGY

Econet wins Supreme Court case against Trustco

In a victory for Econet Wireless, the Supreme Court of Zimbabwe has ruled that a contract between Econet and Namibian-based company, Trustco, to offer mobile insurance (EcoLife) had been legally termi...

By Staff reporter | Published: 07 October 2013

MINING & RETAIL

New Zim Steel opening to take time, says Bimha

Commencement of operations at New Zim Steel, formerly Ziscosteel, will take more time than the public anticipates, Industry and Commerce minister Mike Bimha has said. The Redcliff-based steel company ...

By Staff reporter | Published: 07 October 2013

FINANCIAL SERVICES

Old Mutual trades shares worth $100m

Old Mutual Zimbabwe will start trading 25% of its shares worth over $100 million under the indigenisation and economic empowerment programme from Monday the 7th of this month.The insurance group is ...

By Business reporter | Published: 06 October 2013

LANDS & AGRICULTURE

BAT among top fiscus contributors in Zim

Listed cigarette-maker British American Tobacco Zimbabwe Holdings Limited (BAT Zimbabwe) has been ranked among the top contributors to the fiscus by the Zimbabwe Revenue Authority (Zimra).The group ...

By Staff reporter | Published: 06 October 2013

FINANCIAL SERVICES

Cabs records surplus

ZIMBABWE'S largest mortgage lender, Central African Building Society (Cabs), recorded a surplus of $10,7 million in the first half of the year helped by an improvement in interest and non-interest in...

By Staff reporter | Published: 06 October 2013

FINANCIAL SERVICES

AfrAsia profit up 68%

MAURITIUS-BASED AfrAsia Bank Limited, the parent company of AfrAsia Bank Zimbabwe Limited, recorded a 68 percent increase in after-tax profit to $9,7 million for the year to June 30, 2013.The growth ...

By Business Reporter | Published: 06 October 2013

FINANCIAL SERVICES

Aon plc sells its Zimbabwe business

Global insurance provider, AON Plc, has sold its 69 percent shareholding in local unit AON Zimbabwe to firms linked to local businessman, Mr Shingi Mutasa.The disposal was meant to comply with the cou...

By Business Reporter | Published: 04 October 2013

TELECOMS & TECHNOLOGY

Millions vanish at NetOne

State owned mobile telephone operator NetOne may have been prejudiced of millions of dollars amid allegations of flouted tender procedures, outright fraud and misappropriation of income from the sale...

By Staff reporter | Published: 06 October 2013

TELECOMS & TECHNOLOGY

Masiyiwa mulls listing on the LSE

Econet Wireless Global chairperson and controlling shareholder Strive Masiyiwa is mulling a London Stock Exchange listing.Sources said Masiyiwa is mulling a listing on the LSE and wants to position Ec...

By Staff reporter | Published: 04 October 2013

INDUSTRIALS & ENERGY

Choppies acquires 49% of unnamed Zim supermarket chain

Botswana Stock Exchange listed retail group Choppies Enterprises announced this morning the acquisition of 49% of an unnamed Zimbabwean supermarket chain comprising 10 stores. The cost of acquisi...

By African Alliance | Published: 03 October 2013

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