TELECOMS & TECHNOLOGY

Local producers urged to feed Zimdigital project

THE Permanent Secretary in the Ministry of Information, Media and Broadcasting Services, George Charamba, says the ongoing Zimdigital project presents an opportunity for local artists to show their cr...

By Staff reporter | Published: 02 May 2018

INDUSTRIALS & ENERGY

Delta pours $3 million into barley farming

LISTED beverages manufacturer, Delta Corporation Limited, says it has so far spent close to $3 million on its barley contract farming scheme targeting a yield of 33 000 tonnes this year.Over the years...

By Staff reporter | Published: 02 May 2018

FINANCIAL SERVICES

Stanbic Zim unveils special financing for exporters

Stanbic Bank Zimbabwe (Stanbic) on Monday unveiled a special facility under which it will provide financing to struggling companies involved in the export business to meet their capital needs.Under th...

By Staff reporter | Published: 02 May 2018

MINING & RETAIL

Prospect raises $25m to spend on Arcadia lithium project

An Australia-listed firm Prospect Resources, says it has set aside at least $25 million to fund the construction of a mine and plant at its Arcadia lithium project situated about 38km East of the capi...

By Staff reporter | Published: 02 May 2018

LANDS & AGRICULTURE

Farmers fail to draw $300 cash a day

Banks operating at tobacco auction floors are not giving farmers a daily cash allocation of up to the $300 set as a maximum by the Reserve Bank of Zimbabwe. Farmers saying the banks are giving them a ...

By Staff reporter | Published: 02 May 2018

MINING & RETAIL

Makomo coal production dips by 37%

COAL miner Makomo Resources says production at its Hwange mine has plummeted by 38% in year-to-date due to machinery breakdowns and shortage of foreign currency.Makomo managing director Raymond Mutoko...

By Staff reporter | Published: 02 May 2018

MINING & RETAIL

Forex shortages stunt Makomo

Foreign Currency shortages are stunting Makomo Resources' growth plans to double its coal production in what could spur the coal mining company's footprint on the local market. Makomo is one of the co...

By Staff reporter | Published: 02 May 2018

LANDS & AGRICULTURE

Jatropha plant set for rebirth

Government is looking at reviving the Mt Hampden bio diesel plant–about 18 kilometres north of Harare initially established to process jatropha seed. However, this time it will process different typ...

By Staff reporter | Published: 02 May 2018

MINING & RETAIL

Falgold seeks to raise $30m

Zimbabwe Stock Exchange listed gold miner, Falcon Gold, is targeting to raise $30 million to finance a tailings treatment plant, working capital and exploration on four gold assets in Shurugwi, Midlan...

By Staff reporter | Published: 02 May 2018

TELECOMS & TECHNOLOGY

NetOne launches airtime bonus promotion

Telecommunications giant, NetOne has launched a 100 percent airtime bonus promotion for its prepaid and OneFusion subscribers who purchase airtime using its mobile financial service - OneMoney.The sub...

By Staff reporter | Published: 02 May 2018

TELECOMS & TECHNOLOGY

We're clean on disappearing data, says Econet

ECONET Wireless yesterday maintained that its subscribers are not facing disappearing data problems on their network and advised clients experiencing the challenges to contact the company.In a stateme...

By Staff reporter | Published: 28 April 2018

INDUSTRIALS & ENERGY

Zimbabwe Institute of Foundrymen re-launched

LOCAL foundries have re-launched the Zimbabwe Institute of Foundrymen (ZIF) whose mandate is to help lobby Government about issues affecting the sector.The new ZIF executive is made up of Mr John Mhla...

By Staff reporter | Published: 27 April 2018

FINANCIAL SERVICES

Zimnat opens specialist division

INSURANCE group, Zimnat has established a specialist division offering trade credit insurance to cover the risk of payment default.The move follows promising economic prospects in the country. The new...

By Staff reporter | Published: 27 April 2018

Colliery Q1 output shoots up 100%

HWANGE Colliery Company Limited (HCCL)'s production shot up by more than 100 percent in the first quarter of 2018 to 232 000 tonnes per month from a lowest average of about 100 000 in the first quarte...

By Staff reporter | Published: 27 April 2018

LANDS & AGRICULTURE

Command Livestock Scheme gets rolling

VICE President Constantino Chiwenga yesterday handed over the first batch of 200 heifers to 66 cattle farmers from two provinces of Matabeleland North and South under the $300 million Command Livestoc...

By Staff reporter | Published: 27 April 2018

FINANCIAL SERVICES

Banks urged to reduce interest rates

THE Reserve Bank of Zimbabwe (RBZ) was engaging banks to reduce interest rates on loans to stimulate production across various sectors of the economy, Vice-President Constantino Chiwenga has said.Spea...

By Staff reporter | Published: 26 April 2018

MINING & RETAIL

Beitbridge Colliery hits coal at last

BEITBRIDGE Colliery has finally hit the jackpot and reached the coal belt after months of mining.Company director, Tendai Kamuriwo yesterday posted pictures of their first coal extracts on social medi...

By Staff reporter | Published: 26 April 2018

FINANCIAL SERVICES

Zimnat sets up trade credit insurance unit

With the Zimbabwean economy opening up and new possibilities for trade emerging, Zimnat has established a specialist division offering trade credit insurance to cover the risk of payment default that ...

By Staff reporter | Published: 26 April 2018

FINANCIAL SERVICES

BancABC reports over $50m in deposit capture

Atlas Mara Zimbabwean unit, BancABC, has reported more than $50 million in deposit capture in the southern African country for the year ended December 31, 2017 on the back of a strong agency banking p...

By Staff reporter | Published: 26 April 2018

TRANSPORT & TOURISM

Be patient with Zimbabwe Airways

The Zimbabwe Tourism Authority says government which recently received the first of four Boeing 777s jetliners procured from Malaysia Airlines in a $70 million deal, must no rush to demand profits fro...

By Staff reporter | Published: 26 April 2018

MINING & RETAIL

Zimbabwe to overhaul Mines Bill

Zimbabwe is moving to strike off a provision in its Mineral and Mining Bill compelling foreign-owned mining companies operating in the country to list the majority of their shares on the local stock e...

By Staff reporter | Published: 26 April 2018

LANDS & AGRICULTURE

Prisons commissions kapenta fishing rig

The Zimbabwe Prisons and Correctional Services (ZPCS) is calling on local and foreign companies to come forward for a public-private partnership, whose aim will be targeted at enabling the institution...

By Staff reporter | Published: 25 April 2018

MINING & RETAIL

British tycoon plans Hwange Colliery revival

British tycoon  Nicholas van Hoogstraten says Hwange Colliery Company Limited (Hwange) shareholders have begun discussions to turn around the coal producer's fortunes.In a brief interview on Mond...

By Staff reporter | Published: 25 April 2018

TELECOMS & TECHNOLOGY

Econet and the mystery of disappearing data

REPORTS have emerged of increased disappearing data from Econet Wireless's mobile subscribers on the telecom company's daily and weekly data packages, which the company blames on subscribers' mobile p...

By Staff reporter | Published: 25 April 2018

LANDS & AGRICULTURE

Millers seek bran importation ban

THE Grain Millers' Association of Zimbabwe (GMAZ) has petitioned the government to ban the importation of bran, as this was killing the local milling industry.In a statement yesterday, GMAZ general ma...

By Staff reporter | Published: 25 April 2018
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