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

INDUSTRIALS & ENERGY

Soya beans shortage hits URL operations

DIVERSIFIED agro-products manufacturer United Refineries Limited (URL) says it continues to operate at between 40 and 50 percent of capacity due to low production of soya beans in the country and the ...

By Staff reporter | Published: 26 July 2018

INDUSTRIALS & ENERGY

Forex shortages frustrate Bulawayo clothing factory

ONE of Bulawayo's clothing factories, Femina Garments, is operating at 30 percent capacity utilisation due to persistent foreign currency challenges, blamed for frustrating operations.The company's ma...

By Staff reporter | Published: 26 July 2018

TELECOMS & TECHNOLOGY

'Airtime tax hurting consumers'

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director general, Dr Gift Machengete, has called for increased collaboration between policy makers and operators towards further...

By Staff reporter | Published: 26 July 2018

LANDS & AGRICULTURE

Bull sold for $24,000 at livestock auction

ZIMBABWE's annual premier breeding livestock auction, National Bull Sale, saw the price for the most expensive beast in the bulls category vault 195 percent to $24 000 up from the $8 400 recorded at l...

By Staff reporter | Published: 26 July 2018

LANDS & AGRICULTURE

Zimbabwe earns $217m from Virginia tobacco

Zimbabwe has so far earned $216,8 million after exporting 51,3 million kilogrammes of tobacco to 52 countries, a setback of $72,8 million on export earnings realised during the same period last year. ...

By Staff reporter | Published: 26 July 2018

MINING & RETAIL

ZMDC shortlists SA, Canadian investors

THE Zimbabwe Mining Development Corporation (ZMDC) has shortlisted Canadian and South African investors for joint venture partnerships to resuscitate its defunct gold and graphite mines in the country...

By Staff reporter | Published: 26 July 2018

TELECOMS & TECHNOLOGY

EcoCash charges further slashed

LEADING mobile telecommunications company Econet Wireless Zimbabwe has further lowered its EcoCash transaction tariffs with effect from August 1, 2018.In a notice issued yesterday, Econet said sending...

By Staff reporter | Published: 26 July 2018

FINANCIAL SERVICES

Investors target Agribank

SEVERAL investors have been lined up to snap a significant stake in Agribank, as government moves to recapitalise the financial institution.The agro-focused bank - wholly owned by government - is stru...

By Staff reporter | Published: 26 July 2018

MINING & RETAIL

SA gold unions reject insulting wage increase proposals

Gold wage negotiations between producers, AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef, and representative unions, the Association of Mineworkers and Construction Union (AMCU),...

By Agencies | Published: 25 July 2018

TELECOMS & TECHNOLOGY

Potraz launches telemedicine pilot project

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has launched a telemedicine pilot project in Manicaland. The move is aimed at expanding the Pan African e-network telemedici...

By Staff reporter | Published: 25 July 2018

CONSTRUCTION & PROPERTY

Brick prices soar 12%

Zimbabwe's leading brick making companies have raised prices by almost 12 percent on strong demand largely driven by increased construction activity in the economy. A survey shows that Willdale and Be...

By Staff reporter | Published: 25 July 2018

LANDS & AGRICULTURE

Farm workers get $5 salary increment

FARM workers have been given a salary increment of between $5 and $7 amid concern that union officials who negotiated the adjustments failed to adequately represent the interests of their lowly-paid m...

By Staff reporter | Published: 25 July 2018

MINING & RETAIL

Mnangagwa urges sensitivity in mining operations

PRESIDENT Emmerson Mnangagwa has urged mining companies to adhere to the country's environmental laws to avoid land degradation and environmental pollution during their operations.Speaking during the ...

By Staff reporter | Published: 25 July 2018

MINING & RETAIL

Formulate environment policy to control small-scale miners

AN environmental and cultural rights lawyer has called for a proper and clear policy framework that can enable small-scale miners to operate without harming the environment while contributing to the e...

By Staff reporter | Published: 25 July 2018
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