LANDS & AGRICULTURE

Zimbabwe plunges into wheat crisis

ZIMBABWE was by yesterday left with less than a month of wheat stocks after a United Kingdom-based supplier held back a 30 000-tonne consignment at Mozambique's port of Beira until payment is confirme...

By Staff reporter | Published: 06 September 2018

MINING & RETAIL

Govt gets tough on reckless chrome miners

THE Ministry of Mines and Mining Development has put chrome miners under close watch following concerns over mushrooming of highway operations that threaten roads and pose risks to humans and animals....

By Staff reporter | Published: 06 September 2018

TRANSPORT & TOURISM

Joshua Nkomo honour lights up Bulawayo

A MULTITUDE yesterday flooded the streets of Bulawayo, bringing much activity to the usually serene city, as residents joined an organised procession along historic sites in memory and honour of the l...

By Staff reporter | Published: 06 September 2018

MINING & RETAIL

4 injured in shooting at illegal gold mine

Police in Mashonaland East Province have arrested three security guards from Braising Security Company for shooting illegal gold miners at Arcturus Mine in Goromonzi over the week-end. The guards shot...

By Staff reporter | Published: 06 September 2018

TRANSPORT & TOURISM

African Sun profit up 672%

Hospitality group, African Sun Limited, reported earnings growth for the half year to June 30, 2018 as operating profit surged 672 percent to $3,8 million on good business during election period. Reve...

By Staff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Delta invests $260k in road upgrade

Delta Corporation, a key player in economic development, has invested over $260 000 towards the upgrade of a road junction that links its Fairbridge Chibuku Super plant with the Harare-Bulawayo Highwa...

By Staff reporter | Published: 06 September 2018

TRANSPORT & TOURISM

Huge turnout at Sanganai-Hlanganani expo

Several companies were still trickling to Bulawayo yesterday for the on-going 11th edition of the Sanganai/Hlanganani World Tourism Expo, which has received overwhelming response from local exhibitors...

By Staff reporter | Published: 06 September 2018

FINANCIAL SERVICES

Zamco acquires $1,1billion NPLs

The Zimbabwe Asset Management Company (Zamco), a special purpose vehicle created by the Reserve Bank of Zimbabwe (RBZ) to rid the banking sector of non-performing loans (NPLs), has so far acquired $1,...

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Zim makes inroads on electric vehicles

Zimbabwe, the first and only African country to successfully set up a lithium-ion battery carbonate plant, is poised for a major role in the trillion dollar electric vehicles (EV) industry as it emerg...

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Increased sales volumes spur BAT profit

BRITISH American Tobacco (BAT) has recorded a 60,68% jump in profit-after-tax (PAT) from $4,61 million to $7,41 million for the half year period ended June 30, 2018.The profits were driven by increase...

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Govt blames fuel crisis on foreign currency shortages

ENERGY minister Simon Khaya Moyo yesterday blamed the crippling fuel shortages being faced by the nation on late foreign currency allocation and ethanol shortage.Khaya Moyo told journalists in Bulaway...

By Staff reporter | Published: 27 July 2018

TRANSPORT & TOURISM

Bulawayo gears for tourism growth

PLAYERS in Bulawayo's tourism industry in collaboration with the Zimbabwe Tourism Authority (ZTA) have embarked on an aggressive awareness programme to market tourism products in the city.The initiati...

By Staff reporter | Published: 27 July 2018

LANDS & AGRICULTURE

Poultry industry restocks after bird flu

THE poultry sector has embarked on an aggressive restocking programme after the outbreak of avian influenza that hit Zimbabwe last year.As a result of the avian influenza at one of the country's bigge...

By Staff reporter | Published: 27 July 2018

MINING & RETAIL

Unki Mine smelter nears completion

Anglo American Platinum's local unit, Unki Mine, anticipates completion of its smelter project in the third quarter of 2018 and is expected to create employment and contribute towards economic growth....

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Millions lost through scrap metal exports

Zimbabwe could save at least $11 million per month and hundreds of jobs if it stops exporting scrap metal and beneficiate it locally, the Zimbabwe Institute of Foundrymen (ZIF) has said. The foundry i...

By Staff reporter | Published: 27 July 2018

TELECOMS & TECHNOLOGY

C-Trade brings capital markets to rural areas

At a time Government is pursuing financial inclusion strategies in remote areas, the latest innovation, C-Trade; an online and mobile share trading platform is expected not only to make trading of sto...

By Staff reporter | Published: 27 July 2018

TELECOMS & TECHNOLOGY

Telecoms firms merger project talks underway

Talks to merge three telecommunications companies, Zarnet, Powertel and Africom, are underway and will be finalised by the end of the year, businessdigest has learnt.Powertel and Zarnet are both State...

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Turnall restructures its short-term debt

ASBESTOS fibre cement products manufacturer Turnall Holdings will be debt free by the end of the 2019 financial year after it managed to offload its $7,2 million loan to the Zimbabwe Asset Management ...

By Staff reporter | Published: 27 July 2018

TRANSPORT & TOURISM

CAAZ unbundling gets official nod

Government has enacted a law that will see the unbundling of the Civil Aviation Authority Zimbabwe (Caaz) and the establishment of a separate entity, the Airports Company of Zimbabwe.The Civil Aviatio...

By Staff reporter | Published: 27 July 2018

FINANCIAL SERVICES

Interest-bearing activities boost BancAbc revenues

BancABC, the local unit of African Banking Corporation, is among the top banks that are generating the bulk of their revenue from interest-bearing activities, a survey of financial institutions operat...

By Staff reporter | Published: 27 July 2018

MINING & RETAIL

Small-scale miners mainstay of gold production

Small-scale gold miners have been described as the mainstay of gold production in Zimbabwe and should be protected if the country's economy is to fully recover.The contribution of small-scale miners c...

By Staff reporter | Published: 27 July 2018

INDUSTRIALS & ENERGY

Nyaradzo acquires new hearses

FUNERAL services provider, Nyaradzo Group yesterday took delivery of 13 custom-made top-of-the-range hearses acquired from South Africa at a cost of $572 000 as it seeks to expand its services to all ...

By Staff reporter | Published: 26 July 2018

TELECOMS & TECHNOLOGY

Potraz rolls out 146 CICs countrywide

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has rolled out over 146 community information centres (CICs) throughout the country courtesy of the Universal Service Fund (...

By Staff reporter | Published: 26 July 2018

TELECOMS & TECHNOLOGY

Liquid offers free wi-fi to tertiary institutions under Edu-Zones

LIQUID Telecom Zimbabwe managing director, Wellington Makamure, says the interterrestial high speed optic fibre they are working on will see the creation of communication and learning zones called Edu...

By Staff reporter | Published: 26 July 2018

MINING & RETAIL

Mnangagwa launches hightech ferrochrome plant

PRESIDENT Emmerson Mnangagwa yesterday launched one of the country's most advanced technological chrome processing plants as the new administration continues to launch multi-million dollar projects to...

By Staff reporter | Published: 26 July 2018
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