MINING & RETAIL

Diamond production up 44%

STATE owned diamond mining entity, the Zimbabwe Consolidated Diamond Company (ZCDC), has recorded a 44 percent increase in production after it hauled just over 1, 5 million carats of the precious ston...

TRANSPORT & TOURISM

Hyenas kill kudu in reception area of Zimbabwean safari camp

Talk about a close encounter with African wildlife.More than a dozen hyenas killed a kudu in the reception area of a safari camp in Zimbabwe, leaving a large pool of blood. There were no guests in the...

INDUSTRIALS & ENERGY

$25m pharmaceutical warehouse project stalled

THE construction of a $25 million state-of-the-art national pharmaceutical warehouse funded by China has hit another snag after the government shifted goal posts yet again.Beijing and Harare signed an...

TRANSPORT & TOURISM

Boeing demands $2,7m for Mugabe Airways plane manuals

AMERICAN aircraft manufacturer Boeing is demanding $2,7 million from the government in order to supply manuals for four Boeing 777 jetliners which Harare is controversially acquiring from Malaysia on ...

MINING & RETAIL

Mining companies exempted from paying wage increment

THIRTY mining companies have successfully applied to be exempted from paying the 2018 minimum wage increment amid viability concerns.The Chamber of Mines and the Associated Mineworkers' Union of Zimba...

FINANCIAL SERVICES

Mnangagwa relaunches Grace Mugabe project

PRESIDENT Emmerson Mnangagwa yesterday relaunched the youth Empower Bank, exactly seven months after former First Lady Grace Mugabe opened the financial institution's doors to the public without a ban...

FINANCIAL SERVICES

ZB taps into diaspora

ZB Bank in collaboration with ZymPay yesterday launched a product which will enable people in the Diaspora to pay fees to schools in Zimbabwe.Speaking at the launch of the Diaspora school fees service...

LANDS & AGRICULTURE

Milk imports decline

Investments made in the dairy sector at both farm and processing level coupled with the implementation of SI64, have seen the amount spent on importation of milk and milk-based products reduce signifi...

FINANCIAL SERVICES

Capital Bank liquidation in limbo

THE liquidation of Capital Bank is yet to proceed four years after its licence was revoked amid concerns over rising costs being accrued against the financial institution to the detriment of its credi...

INDUSTRIALS & ENERGY

Sakunda plans power exports

SAKUNDA Holdings is in negotiations with the Zimbabwe Regulatory Authority (Zera) and other statutory bodies to export electricity from its 200-megawatt Dema Power Plant to Zambia before year end, bus...

FINANCIAL SERVICES

Zimpost launches funeral cash plan

Postal services provider Zimpost has partnered First Mutual Life (FML) Assurance to launch funeral assurance - PostLife Funeral Cash Plan.The product is underwritten by FML.The partnership, signed on ...

TELECOMS & TECHNOLOGY

Kwesé launches Scoop Network Africa channel

Kwesé TV will air Africa's newest entertainment channel Scoop Network Africa on 26th July 2018. Scoop Network's programme schedule will comprise of a mix of light entertainment magazines with movie, ...

TRANSPORT & TOURISM

DHL workers cry foul

DHL Zimbabwe a courier service company entrusted with handling people's goods is accused of infringing workers' rights by forcing them to reveal their Ecocash transactions.Some workers have since left...

MINING & RETAIL

Glencore shares rebound on $1bn buybacks

Glencore will buy back as much as $1bn of its shares, a move that may soothe investors' concerns after the world's top commodity trader was hit by a US Department of Justice probe earlier this week.Th...

INDUSTRIALS & ENERGY

Zim requires $15bn for power projects

The Zimbabwe Energy Regulatory Authority (ZERA) says the country requires a total of $15 billion to rehabilitate existing power plants and develop new energy projects in order to meet the demand proje...

FINANCIAL SERVICES

Absa's new logo

With Absa gearing up to 'relaunch' with a new look and corporate identity next week, pending trademark registrations with the Companies and Intellectual Property Commission have revealed what the grou...

INDUSTRIALS & ENERGY

Brands and stores affected by Edcon's new recovery plan

Edcon Holdings' latest recovery plan includes closing chains including Red Square cosmetics and La Senza lingerie and attempting to lure their customers to its flagship Edgars clothing stores.The move...

FINANCIAL SERVICES

British banker opens stockbroking firm in Zim

A consortium of British fund managers, led by Nigel Little, has been approved to open stockbroking firm in Zimbabwe.The new stockbroking firm Morgan & Co. has been issued with a trading licence b...

INDUSTRIALS & ENERGY

More fuel price hikes coming

MOTORISTS should brace for more fuel price hikes as oil prices continue to move northwards while government insists on controlling the fuel industry and maintaining a myriad of taxes on the sector, a ...

MINING & RETAIL

Chrome, nickel rebound

NICKEL and chrome rebounded in the first three months of the year, buoyed by recovering international prices, the Reserve Bank of Zimbabwe (RBZ) has said.Latest central bank data indicates that nickel...

MINING & RETAIL

RioZim bemoans 'punitive' royalties

ROYALTIES on Zimbabwean-mined diamonds have remained punitive, scaring away investors and disadvantaging local players, diversified resources firm RioZim has said.The firm's chief executive officer Bh...

Starafrica battles to stem crisis

Starafrica has registered a steep rise in revenue despite experiencing significant balance sheet stress in the year to March 31 018. In a note to shareholders accompanying the financial results which ...

Zim's coffee sector collapses

GOVERNMENT is working on a plan to rebuild the coffee sector after output plummeted from almost 15 000 metric tonnes (mt) in 1989 to less than 200 mt in the past few years.According to a paper titled ...

MINING & RETAIL

Falgold pins hopes on industry reforms

Zimbabwe Stock Exchange listed gold producer Falcon Gold says the local gold production industry could grow significantly if government effects reforms on the tariff and tax regime. The country's mini...

FINANCIAL SERVICES

Motor, fire policies add spark to non-life insurers' earnings

Profit after tax for non-life insurers more than trebled to $33,63 million in 2017 from the previous year aided by a growth in gross premium written (GPW) and investment income, a new report by the in...