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

TRANSPORT & TOURISM

5 new tourist sites for Zimbabwe

TREASURY has released funds for the development of five new heritage sites to preserve and turn them into money-spinning tourist attractions, Tourism minister Prisca Mupfumira said yesterday.These are...

By Staff reporter | Published: 25 April 2018

MINING & RETAIL

Mining to contribute 70% forex earnings

ZIMBABWE's mining sector is expected to contribute over 70 percent of foreign currency earnings this year riding on renewed interest and investor confidence being created by the new political administ...

By Staff reporter | Published: 25 April 2018

MINING & RETAIL

Unki output rises 9%

Platinum group metals (PGMs) production at Anglo American Platinum's local unit, Unki, jumped 9 percent to 45 800 ounces in the first quarter of 2018, on the back of an increase in tonnes milled. Plat...

By Staff reporter | Published: 25 April 2018

MINING & RETAIL

Zim backtracks on mines listing requirement

Zimbabwe will drop a requirement that mining companies must list on the local stock exchange from a new mining act, Foreign minister Sibusiso Moyo said on Monday. Industry lobby group, the Chamber of ...

By Staff reporter | Published: 25 April 2018

FINANCIAL SERVICES

Old Mutual declares dividend

Shareholders of integrated financial services group, Old Mutual Zimbabwe are smiling all the way to the bank after the groupdeclared a 7,11 cent per share at a time many companies are failing to rewar...

By Staff reporter | Published: 24 April 2018
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