MINING & RETAIL

Zimplats up scales CSR

Platinum mining giant, Zimplats has completed a major facelift of Kadoma General Hospital to the tune of over $1 million. The refurbishment of the hospital is expected to boost service delivery which ...

By Staff reporter | Published: 04 May 2018

TRANSPORT & TOURISM

Safari operators record 5% upturn in revenues

SAFARI Operators Association of Zimbabwe (Soaz) has registered a 5% growth in revenue in the first quarter of 2018 on the back of improved country perception and lifting of the ivory ban, businessdige...

By Staff reporter | Published: 04 May 2018

LANDS & AGRICULTURE

Disease, forex shortage cripple dairy farmers

DAIRY production in the first quarter of 2018 has been hampered by the shortage of foreign currency and the prevalence of tick -borne diseases, businessdigest has learnt.Zimbabwe Association of Dairy ...

By Staff reporter | Published: 04 May 2018

TRANSPORT & TOURISM

Air Zimbabwe tables debt strategy

Air Zimbabwe (AirZim) board has approached government with a proposal to assume its huge debt overhang accrued from various quasi-government entities, as the struggling state-owned enterprises moves t...

By Staff reporter | Published: 04 May 2018

MINING & RETAIL

Zimbabwe sweetens mining deals

President Emmerson Mnangagwa's government is offering a number of incentives to international investors who want to invest in the country's mining sector as a way of jump-starting the nation's struggl...

By Staff reporter | Published: 04 May 2018

MINING & RETAIL

Govt probes Anjin asset-stripping

GOVERNMENT has launched an investigation into how former diamond miner Anjin Investments was looted and stripped of assets worth millions of dollars during the two years it has not been operating afte...

By Staff reporter | Published: 04 May 2018

MINING & RETAIL

Vast resources eyes diamond mining in Zim

AIM-listed junior miner Vast Resources Plc has partnered Botswana Diamond Plc to seek opportunities in diamond exploration in Zimbabwe.This follows the signing of a memorandum of understanding between...

By Staff reporter | Published: 04 May 2018

INDUSTRIALS & ENERGY

Forex shortage threatens Delta's maheu product

DELTA Corporation says the viability of its Shumba Maheu business unit with a monthly turnover of over US$1 million is being threatened by the scarcity of foreign currency required to import packaging...

By Staff reporter | Published: 04 May 2018

MINING & RETAIL

Shabanie Mine de-watering on course

A de-watering exercise at former asbestos mining giant, Shabanie and Mashaba Mines Holdings (SMM), is expected to be complete by the first quarter of next year as it seeks to restore underground acces...

By Staff reporter | Published: 03 May 2018

TRANSPORT & TOURISM

Zimbabwe Railway benefits from ZIMREF

Zimbabwe's transport sector is one of the beneficiaries of the Zimbabwe Reconstruction Fund (ZIMREF) a World Bank managed multi- donor Trust Fund. One of the goals of ZIMREF is to create an enabling e...

By Staff reporter | Published: 03 May 2018

MINING & RETAIL

Zimplats profits up as platinum prices firm

Zimbabwe's platinum mining sector is benefitting from a rebound in global commodity prices, with the nation's biggest producer of the metal, Zimplats, registering a 58 percent growth in profits.The in...

By Staff reporter | Published: 03 May 2018

MINING & RETAIL

Zim to sign $700 million coal-bed methane deal

Zimbabwe’s government plans to sign a $700 million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said.The accord comes as new President Emmerson Mn...

By Staff reporter | Published: 03 May 2018

TRANSPORT & TOURISM

fastjet maintains punctuality in Q1

Low cost carrier, fastjet, ended the first quarter of 2018 with an on-time performance of 90% across its network, underlining its reliability and punctuality.The airline operates in Tanzania, Zimbabwe...

By Staff reporter | Published: 03 May 2018

CONSTRUCTION & PROPERTY

Zimre begins work on $13m Victoria Falls complex

ZIMRE Properties has started construction of its $13 million mall in Victoria Falls following approval by council.The local authority which is looking forward to similar investments in the resort town...

By Staff reporter | Published: 03 May 2018

TELECOMS & TECHNOLOGY

Powertel scoops ZITF 2018 Best Exhibitor Award

Local Internet Access Provider and telecommunications giant, Powertel Communications, walked away with the coveted Silver Medal Award for setting up the 2nd Best ICT Exhibit during the ZITF 2018 showc...

By Staff reporter | Published: 03 May 2018

TELECOMS & TECHNOLOGY

Orange invests in Africa's Talking

Orange Digital Ventures Africa, the Orange investment fund's new initiative for Africa launched last June, is proud to announce its first investment, helping Africa's Talking to raise $8.6 million alo...

By Agencies | Published: 02 May 2018

TRANSPORT & TOURISM

ZimAirways scandal: More dirty lies exposed

The Zimbabwe Anti-Corruption Commission (Zacc) is steering clear of a suspected multi-million illegal deal involving a new airline, Zimbabwe Airways (ZimAirways), which is linked to former president R...

By Staff reporter | Published: 02 May 2018

INDUSTRIALS & ENERGY

Schweppes unit eyes jump in output

SCHWEPPES Zimbabwe's fruit processing and juice blending division - Beitbridge Juicing - targets to process 25 000 tonnes of fruit in 2018, up 67% compared to the figures it achieved last year.Schwepp...

By Staff reporter | Published: 02 May 2018

TELECOMS & TECHNOLOGY

MTN, Ecobank target Africa expansion

MTN and Ecobank are forming task teams to identify the most appropriate financial services products for each of the 13 African markets they plan to target jointly.MTN signed an agreement with the Nedb...

By Staff reporter | Published: 02 May 2018

LANDS & AGRICULTURE

Arda secures investor for Balu Estate

THE Agricultural Rural Development Authority (Arda) has secured an investor for a pecan nuts and livestock project to be established at Arda Balu Estate in Umguza District, an official has said.In an ...

By Staff reporter | Published: 02 May 2018

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
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