TRANSPORT & TOURISM

Zimbabwe hotels named among Africa's best

DESTINATION Zimbabwe continues to attract world attention as some of its hotels have been named among the best in Africa. Recently Frommer and National Geographic Traveller named Zimbabwe as one of th...

By Staff reporter | Published: 21 December 2018

INDUSTRIALS & ENERGY

Simbisa Brands discounts US$ customers

LISTED quick-service restaurant business, Simbisa Brands, has resolved to offer discounts on its prices to customers who pay in US dollars to enhance the entity's foreign currency earnings. In an oper...

By Staff reporter | Published: 21 December 2018

MINING & RETAIL

Government mulls incentives for Zimplats

GOVERNMENT has pledged to provide fiscal incentives to Zimplats in recognition of its efforts to set up a refinery for base metals and precious stones to promote beneficiation of the minerals. Unki an...

By Staff reporter | Published: 21 December 2018

TELECOMS & TECHNOLOGY

Telecoms sector posts 9,2% profit

Zimbabwe's postal and telecommunications sector registered a 9,2 percent revenue growth in the third quarter to September, 2018 on the back on increased usage of data and internet. In its Postal Telec...

By Staff reporter | Published: 21 December 2018

MINING & RETAIL

Mnangagwa commissions diamond mining plant

President Mnangagwa yesterday commissioned a Zimbabwe Consolidated Diamond Company (ZCDC) crushing plant here, marking the country's transition from alluvial to conglomerate diamond mining as he warne...

By Staff reporter | Published: 21 December 2018

LANDS & AGRICULTURE

Seed-Co developing rice varieties

Regional seed producer Seed-Co says it is working on developing rice varieties suitable for the local climatic conditions in order to scale back the country's reliance on rice imports.Naturally, the c...

By Staff reporter | Published: 19 December 2018

MINING & RETAIL

Miner lays contempt of court charge against Nyambirai

GOROMONZI miner Phillip Makanya has petitioned the High Court to charge businessman Tawanda Nyambirai with contempt of court for ignoring a court order barring him from interfering with his mining act...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Firm seeks to recover land from defunct AfrAsia Bank

A LOCAL firm, Drummond Zimbabwe Holdings (Pvt) Ltd, has petitioned the High Court seeking an order to be allowed to file litigation against AfrAsia Bank Limited, a subsidiary of Mauritius-based AfrAsi...

By Staff reporter | Published: 19 December 2018

TELECOMS & TECHNOLOGY

Cassava makes history

Cassava SmarTech Zimbabwe made history yesterday when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8 billion. It immediately became Zimbabwe's third most valuable ...

By Staff reporter | Published: 19 December 2018

INDUSTRIALS & ENERGY

Forex shortage: Innscor looks within

DIVERSIFIED group, Innscor Africa Limited says it is now leveraging on its domestic fast-moving consumer goods line to cushion itself from high foreign currency requirements. The company said although...

By Staff reporter | Published: 19 December 2018

INDUSTRIALS & ENERGY

Private equity firms eye David Whitehead

David Whitehead is in serious negotiations with two unnamed investors seeking to inject fresh capital and revive the struggling textile firm, sources familiar with the talks have revealed. The company...

By Staff reporter | Published: 19 December 2018

MINING & RETAIL

Zimbabwe to unveil platinum policy

GOVERNMENT will soon unveil a platinum policy to provide the framework for developing the sector, Mines minister Winston Chitando has said.Platinum is one of the two minerals, along with diamonds, in ...

By Staff reporter | Published: 17 December 2018

TELECOMS & TECHNOLOGY

Potraz breaks foreign networks dominance

THE growing network infrastructure investment in previously unserved areas by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has increased connectivity in the country. The...

By Staff reporter | Published: 17 December 2018

TRANSPORT & TOURISM

Brisk business for Victoria Falls tourism players

A MAJORITY of tourism players in Victoria Falls managed to break even in terms of arrivals and income this year owing to renewed interest generated by the new political administration. The Employers' ...

By Staff reporter | Published: 17 December 2018

TRANSPORT & TOURISM

American restaurant comes to Bulawayo

AMERICAN restaurant chain, Pizza Hut is set to open its second outlet in Zimbabwe with Bulawayo being the chosen city. The first outlet at Sam Levy's Village in Harare was opened in February. The Bula...

By Staff reporter | Published: 17 December 2018

TRANSPORT & TOURISM

HCC sues NRZ

Harare City Council (HCC) has dragged the government-owned National Railways of Zimbabwe (NRZ) to the High Court over failure to pay rates totalling more than $200 000.In its founding affidavit, HCC t...

By Staff reporter | Published: 16 December 2018

MINING & RETAIL

Hwange Colliery row deepens

Hwange Colliery Company Limited (HCCL) scheme of arrangement chairperson has challenged the Justice ministry's move to place the coal mining company under reconstruction.Chairperson Andrew Lawson has ...

By Staff reporter | Published: 16 December 2018

INDUSTRIALS & ENERGY

Chloride Zimbabwe targets battery exports

Zimbabwe's battery manufacturer, Chloride Zimbabwe is targeting enhanced exports next year following a strong performance that has raked in $6 million.The battery firm's $5 million investment in a new...

By Staff reporter | Published: 16 December 2018

MINING & RETAIL

Vast Resources well-funded for projects

AIM - listed diversified miner, Vast Resources, says it is "well-funded" to implement its various projects going forward, including its Zimbabwean projects, the Eureka Gold Mine and the Heritage Conce...

By Staff reporter | Published: 11 December 2018

TRANSPORT & TOURISM

Bulawayo hotels, lodges fully booked

MAJOR hotels and lodges in Bulawayo are fully booked ahead of the Annual Zanu-PF National Peoples' Conference, which begins in Esigodini, Matabeleland South today. The five-day event is seen as a majo...

By Staff reporter | Published: 10 December 2018

TELECOMS & TECHNOLOGY

'Zimbabwe telecoms investment costs drop 35%'

ZIMBABWE's infrastructure sharing model has yielded up to 35 percent drop in the cost of investment in the information and telecommunications sector, which will largely benefit ordinary consumers and ...

By Staff reporter | Published: 10 December 2018

FINANCIAL SERVICES

Non-life insurers profit jumps 52%

NON-LIFE insurers' profit after tax jumped 52,34 percent to $16,34 million in the 12 months period to June 30, 2018 compared to the same comparative period the prior year, according the Pensions and I...

By Staff reporter | Published: 10 December 2018

TRANSPORT & TOURISM

ZITF hotel project takes shape

THE Zimbabwe International Trade Fair (ZITF) Company says it is finalising tenders for the construction of its hotel and conference centre.The project, which is valued at $11 million, is expected to p...

By Staff reporter | Published: 09 December 2018

TRANSPORT & TOURISM

Turkish Airlines set to fly into Zimbabwe

Turkish Airlines is expected to expand its flight route into Zimbabwe by the second quarter of next year following profound deliberations held by authorities from the two countries at the ongoing Turk...

By Staff reporter | Published: 07 December 2018

LANDS & AGRICULTURE

US dollar for tobacco, cotton farmers

Tobacco and cotton growers will be paid 20 percent of their produce in foreign currency in the next marketing season while the Government will retain the remainder to help meet imports of essential co...

By Business Weekly | Published: 07 December 2018
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