INDUSTRIALS & ENERGY

Improved underwriting profits boosts TA Holding's performance

TA Holdings' operating income grew 234% to $5.5 million due to improved underwriting profits from the insurance company, CEO Gavin Sainsbury told an analysts briefing yesterday. This resulted ...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel offers huge discounts on calls, texts and data

Telecel has launched a new promotion that reduces the cost of off-peak calls to less than one cent per minute, removes any charge for text messages and allows data to be accessed at just three cents...

By Chengetai Chinembiri | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet official speaks on EcoCash

EcoCash Interview: How is relationship with Zimbabwe central bank? http://www.youtube.com/watch?v=_HnAUYAOnCg ...

By Staff reporter | Published: 10 June 2013

MINING & RETAIL

TM Supermarkets invests $25 million in stores refurbishment

TM Supermarkets has invested a further $25m into the retail chain, with the money aimed at transforming its retail outlets through refurbishment of the group's 50 stores across the country.Two of TM...

By Business reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Zimplow to achieve operating profit or break-even by half year

Zimplow Holdings will probably achieve an operating profit or at least break-even for the half year, CEO Zondi Kumwenda told the AGM last Thursday. "There will be discontinued operations within...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe resumes daily flights to Vic Falls, Byo and Joburg

Air Zimbabwe has resumed daily flights to Victoria Falls, Bulawayo and Johannesburg to cater for the increasing demand on these routes, particularly as the Zimbabwe International Trade Fair approach...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel risk losing its Zimbabwe operating licence

Government says Telecel Zimbabwe risks losing its operating licence if it fails to comply with the Indigenisation and Economic Empowerment Act.As the mobile operator's saga unfolds, government thro...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Trust Bank to merge with Allied Bank

Trust Bank is in talks with Allied Bank, owned by Mines minister Obert Mpofu, over a potential partnership to enable the 2 financial institutions to meet the RBZ's first minimum capital requirements...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecoms tariff hike looms in Zimbabwe

TELECOMMUNICATIONS tariff increases across the board loom after government announced plans to increase licence fees for operators with effect from June this year.Finance minister Tendai Biti announ...

By Business reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Dairibord to import at least 250 heifers

DAIRIBORD Zimbabwe is targeting to import at least 250 heifers this year for distribution to farmers as part of efforts to increase milk production in the country.Dairibord introduced the scheme las...

By Staff reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Batoka power plant to turn Zim into a net exporter of electricity

THE Zambezi River Authority has shortlisted six international investors for the construction of the 1 600-megawatt hydropower plant at the Batoka Gorge, a senior Government official has said."Initi...

By Staff reporter | Published: 10 June 2013

MINING & RETAIL

Blanket Mine to increase production

BLANKET Mine, which is partly owned by Caledonia, targets to increase annual gold output by 90 percent to 76 000 ounces (oz) in 2016 following the implementation of its indigenisation plan last year...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

NMB prioritises attaining minimum capital and raising more lines of credit

NMBZ will be focusing on attaining the $50 million capital threshold as its medium term target, group CEO James Mushore told an analyst briefing on Thursday. "Our medium term anchor is on ensur...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Barclays Zimbabwe maintains conservative book

Barclays Chief Executive (CE) George Guvamatanga started his presentation last Thursday by emphasising that the bank considers itself a local bank. He drew parallels with foreigners who live in a c...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Aquiva Wireless to roll out 4G technology

Harare-based internet access provider Aquiva Wireless says it plans to roll out a new standard for wireless data communications technology that will push forward the growth of the country's telecomm...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

PowerTel is set to introduce a new billing system

INTERNET provider PowerTel is set to introduce a new billing system after acquiring new state-of-the art billing equipment, an official said over the weekend.PowerTel chairman Mr Francis Chirimuuta ...

By Staff Reporter | Published: 10 June 2013

MINING & RETAIL

Zimplats lodges objection to compulsory land acquisition

Implats has confirmed that its subsidiary, Zimbabwe Platinum Mines (Private) Limited (Zimplats) lodged an objection on 27 March 2013 to the Preliminary Notice published in General Notice 123 of 2013...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet Wireless unveils phone debit card

Zimbabwe's largest mobile phone company, Econet Wireless, has unveiled a new function on its mobile money service EcoCash which allows a cellphone to also operate as a virtual debit card.The functio...

By Staff Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

CFI finds investor for Victoria Foods

CFI has secured an investor for its milling business Victoria Foods while there are discussions with a potential investor for one of the poultry arms, group CEO Steve Kuipa told the AGM this morning...

By Business reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

NicozDiamond's Hatfield cluster project to commence this year

NicozDiamond's Hatfield cluster project development will commence this year, MD Grace Muradzikwa told an analyst briefing yesterday. "We have been looking at other property investments and seei...

By Business reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Willdale to ramp up capacity to 60% by end of year

 Willdale is on the verge of realising efforts of the last 5 months under the new strategic plan with the production capacity rising to 20% and is looking at 30% next month as the drier sea...

By Staff Reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Dairibord not pulling out its investment in Malawi despite profits decline

The Dairibord Zimbabwe Limited (DZL) has said it is not pulling out its investment in Malawi despite recording a 41 percent decline in profitability on the Malawi market.DZL investment recorded the...

By Staff Reporter | Published: 10 June 2013

MINING & RETAIL

ZMDC in talks with foreign investors

The Zimbabwe Mining Development Corporation (ZMDC) says it is in talks with several foreign investors to partner the newly set up Mining Promotions Corporation (MPC) in the exploration of the country...

By Staff Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Chisumbanje ethanol plant resumes operations

GREEN Fuel resumed operations at its ethanol plant here yesterday, raising prospects that the country could soon start the mandatory blending of fuel that has been on the cards for sometime.There wa...

By Staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Zim’s Railroads Riding to Extinction

HARARE - Zimbabwe’s rail transport system may be nearing extinction if the government does not take drastic action to solve the series of operational challenges that have made commuter and goods t...

By Staff Reporter | Published: 10 June 2013

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