LANDS & AGRICULTURE

Irvines empowers small scale farmers

Giant poultry producer, Irvines day old chicks has embarked on a programme to assist small-scale farmers to produce poultry to help them increase their cashflows and help improve nutrition in the coun...

TRANSPORT & TOURISM

Construction of Zim Hilton Hotel to start early next year

CONSTRUCTION of the $145 million Hilton Hotel and office complex along Samora Machel Avenue in Eastlea is set to begin in April next year, Streamwalk Arcade director Mr Farai Jere said.Speaking at an ...

INDUSTRIALS & ENERGY

Natfoods in $13,9 million profit

National Foods Holdings recorded an after tax profit of $13,9 million for the year ended June 30, 2013, an increase of 76 percent from the prior year due to an increased in capacity utilisation as the...

LANDS & AGRICULTURE

Colcom profit plunges 66.2%

COLCOM Holdings had a disappointing first half after profit plunged 66,2 percent to $1,6 million in the interim to June 2013 weighed down by provisions and impairment of fixed assets.Chairman Robert D...

INDUSTRIALS & ENERGY

ZERA licences four companies to blend E5

The Zimbabwe Energy Regulatory Authority has licensed Green Fuel, Zuva Petroleum, Sakunda Energy, and the National Oil and Infrastructure Company to blend E5 fuel.This comes after the authority introd...

INDUSTRIALS & ENERGY

Innscor misses its 15% revenue growth target for FY13

Innscor Africa Limited missed its 15% revenue growth for the year ended 30 June 2013 and will be operating under an aggressive budget in FY14 with an aim of keeping the revenue growing as well as impr...

LANDS & AGRICULTURE

Zimplow faces debt collection challenges

Zimplow Holdings Limited Group Chief Executive Officer, Zondi Kumwenda, told an analyst briefing yesterday that Zimplow is experiencing hardships in debt collection and the bulk of their debtors are s...

FINANCIAL SERVICES

Cash shortage looms, banks planning to limit withdrawals

Cash shortages are said to be worsening in Harare, with reports that banks are now planning a series of measures to limit withdrawals.An investigation by SW Radio Africa indicated that some companies...

FINANCIAL SERVICES

Agribank secures $98.6 million loan

THE Agricultural Development Bank of Zimbabwe has secured a $98,6 million loan from the Brazillian government to boost the agricultural sector as the country continues to reel under a high food impor...

INDUSTRIALS & ENERGY

Twalumba signs solar power deal

Eastway (Pvt) Limited, a subsidiary of Twalumba Holdings, has signed a $1.6 billion deal with Thompson Cole Consortium, a UK-based firm, for the construction of solar power generation plants in the co...

LANDS & AGRICULTURE

Zim tobacco deliveries fall short of target

The Tobacco Industry and Marketing Board have revised the tobacco target from 170 million to 166,5 million.This follows the decline in tobacco deliveries at most contract floors.TIMB chief executive D...

LANDS & AGRICULTURE

Zimplow bullish about Government

ZIMPLOW Limited is confident the new Government will adopt economic policies that favour agriculture, mining and infrastructure in what should positively impact its business.Group chief executive Mr Z...

FINANCIAL SERVICES

FBC shelves merger plans

FBCH has put on hold plans to merge its banking and mortgage lending units until the central bank clarifies the bank's recapitalisation deadlines. The group intends to combine FBC Bank and FBC Buildin...

MINING & RETAIL

Small-scale miners to get loans from Allied Bank

ZIMBABWE Artisanal and Small-Scale Miners Council (ZASMC) is finalising a deal with the Allied Bank on a loan scheme facility to fund operations of small-scale miners in the country.ZASMC president We...

FINANCIAL SERVICES

SA banks still profitable in Zimbabwe

Stanbic Bank, the Zimbabwe-based unit of Standard Bank Group, has remained profitable despite the challenging economic and banking environment it operates from.In its half-year to June 30 2013, Stanbi...

MINING & RETAIL

Wellesley-Wood to chair Mwana Africa

PAN African resources group Mwana Africa has appointed Mr Mark Wellesley-Wood as non executive chairman.He takes over from Mr Oliver Baring whose resignation was announced on Monday.Mwana said Mr Well...

INDUSTRIALS & ENERGY

Zesa warns of more load shedding

ZESA Holdings has warned Zimbabweans to brace for increased load shedding outside the published schedule as the Hydro Cabora Bassa (HCB) is undertaking maintenance on its plant.In a statement yesterda...

Zimpapers new printing press installation at advanced stage

Zimpapers chief executive Justin Mutasa said the installation of the $2.2 million fully automated Orient X-Cel printing press was at an advanced stage and would be ready for trial runs in two weeks. ...

INDUSTRIALS & ENERGY

Chinese firm plans $2.1 billion power plant for Zimbabwe

CHINA Africa Sunlight Energy said it plans to invest as much as $2.1 billion in Zimbabwe developing coal mines and building a 2,100-megawatt plant powered by the fuel to help ease electricity shortage...

FINANCIAL SERVICES

Metbank profit up 27%

METBANK'S after tax profit for the half-year period ended June 30, 2013 went up by about 27 percent to $1,9 million compared to the same period last year's figure of $1,5 million largely owing to a de...

FINANCIAL SERVICES

Stanchart profits down 10%

Standard Chartered Bank Zimbabwe Limited (StanChart)'s profit after tax slumped 10 percent to $7,2 million in the half year to June 2013, weighed down by a tough operating environment.The financial i...

INDUSTRIALS & ENERGY

Zera procures fuel quality testing machine

The Zimbabwe Energy Regulatory Authority has spent $400 000 on a new fuel quality testing mobile laboratory to protect consumers from substandard products after the introduction of mandatory blending ...

TELECOMS & TECHNOLOGY

NetOne slashes mobile broadband dongle price

NetOne, Zimbabwe's third largest mobile operator, last week announced via adverts in the press the reduction of its 3G broadband dongle from the previous $50 to $35. The announcement comes a whole 6 m...

FINANCIAL SERVICES

SA based group to set up investment bank in Zimbabwe

South African based company JM Busha Investments plans to set up an investment bank in the country.Group managing director Mr Joseph Makamba Busha told New Ziana that the company would be engaging rel...

FINANCIAL SERVICES

Old Mutual profits jumps 82%

OLD MUTUAL Investment Group Zimbabwe has recorded an 82% increase in after-tax profit to $1,4 million for the six months ended June 30 2013 compared to $763 000 during the comparative period last year...