MINING & RETAIL

Mine fined $100 for violating EMA laws

PLUMTREE-Based gold mine, Gertie 15 Mine in Mpoengs, has been fined $100 for illegal possession of 70kg of cyanide, 25kg of gold treating empty carbons and 15kg of lime in violation of the Environment...

By Staff reporter | Published: 18 May 2018

LANDS & AGRICULTURE

Poultry industry on high alert

The poultry industry is on high alert, following reports of an outbreak of Avian Influenza (AI) in North West Province, South Africa.The Department of Veterinary Services and the Zimbabwe Poultry Asso...

By Staff reporter | Published: 18 May 2018

TRANSPORT & TOURISM

NSSA to re-open Beitbridge hotel

THE National Social Security Authority (NSSA) has identified a new company that will re-open its $39 million hotel in Beitbridge by July this year after it closed the facility in May 2016.The 136-room...

By Staff reporter | Published: 18 May 2018

MINING & RETAIL

Zisco debt Bill awaits Mnangagwa's greenlight

THE $500 million Zisco Debt Assumption Bill now awaits Presidential assent after it sailed through third reading in the Upper House with legal documentation on the debt schedule being finalised.A bill...

By Staff reporter | Published: 18 May 2018

LANDS & AGRICULTURE

Seed Co invests in growing farmer yields

Hybrid seed processing company, Seed Co, has started running the Eleven Tonne Plus Club Promotion, targeting commercial farmers with at least 10 hectares of the firm's seed varieties grown during the ...

By Staff reporter | Published: 18 May 2018

INDUSTRIALS & ENERGY

German manufacturer targets Zim investment

German-based construction machinery and earthmoving equipment giant, Liebherr-International, has set its eyes on massive investment projects in Zimbabwe, a move which could see the company setting up ...

By Staff reporter | Published: 18 May 2018

CONSTRUCTION & PROPERTY

Builders benefit from PPC information session

PROFESSIONALS in the construction industry have benefited from an information session hosted by local cement producer, PPC in Mutare recently.The session also set in motion plans to form a builders' a...

By Staff reporter | Published: 18 May 2018

MINING & RETAIL

Hwange Colliery saga deepens

Listed Hwange Colliery Company Limited's saga has deepened, with workers seeking to have the struggling coal miner placed under judicial management. The disgruntled employees have approached the High...

By Staff reporter | Published: 18 May 2018

MINING & RETAIL

Gold output set to breach 1999 peak of 27 tons

Zimbabwe's gold output is expected to surpass the all-time peak of tonnes after first quarter output rose 55% to 7.8 tonnes compared to the same period last year driven by a government facility for ye...

By Staff reporter | Published: 18 May 2018

TELECOMS & TECHNOLOGY

China disburses $71m for ICT infrastructure development

Information Communication Technology and Cyber Security minister Supa Mandiwanzira has revealed that China has injected over $70 million towards development of the country's information, communication...

By Staff reporter | Published: 18 May 2018

MINING & RETAIL

BNC repays quarter of $20m smelter bond

Zimbabwe Stock Exchange (ZSE) listed integrated nickel miner, Bindura Nickel Corporation (BNC), has successfully repaid $5 million (25 percent) of the $20 million the company mobilised through a bond ...

By Staff reporter | Published: 18 May 2018

MINING & RETAIL

Lithium plant being set up near Harare

Australia Stock Exchange (ASX)-listed batteries company, Prospect Resources, says it has appointed global engineering company DRA to provide engineering services and upfront design for its flagship Ar...

By Staff reporter | Published: 18 May 2018

INDUSTRIALS & ENERGY

A positive outlook for Delta Corporation

Delta Corporation's net earnings are expected to jump 16 percent to $103 million in the financial year 2019 on anticipated volume growth, despite competition from Pepsi, which is likely to cut the gro...

By Staff reporter | Published: 18 May 2018

INDUSTRIALS & ENERGY

Petrol price fall likely as ethanol production resumes

Zimbabwe's petrol prices are expected to ease marginally as the country records improved supplies of ethanol after the sole producer, Green Fuel, resumed operations at its plant in eastern Zimbabwe. E...

By Staff reporter | Published: 18 May 2018

MINING & RETAIL

Zim to embark on stainless steel feasibility study

Zimbabwe will begin feasibility studies of stainless steel production in the next two months and agreements to pave the way for this exercise will soon be signed, Mines and Mining Development Minister...

By Staff reporter | Published: 18 May 2018

LANDS & AGRICULTURE

Legal battle looms as tobacco farmers fleeced

Private tobacco farmers could have been prejudiced nearly $4 million by contractors who fraudulently contracted them and bought their commodity at low prices. This comes after the Zimbabwe Farmers Uni...

By Staff reporter | Published: 18 May 2018

MINING & RETAIL

Zimbabwe in $17 billion new mining drive

Zimbabwe will soon launch a new mining policy targeting to grow the industry to $17 billion by 2030, driven by a wave of foreign investments that will see a jump in production at existing operations a...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

Chaos rocks Delma Lupepe's company

DISCORD has hit Bulawayo's Merspin Limited, with the company's owner Delma Lupepe and judicial manager Cecil Madondo at each other's throats over the control and running of the firm's affairs.Once a t...

By Staff reporter | Published: 18 May 2018

INDUSTRIALS & ENERGY

Coca Cola to invest $65m in Zimbabwe

Coca Cola Eastern and Southern Africa has pledged to invest $65 million in beverage manufacturing.The revelations emerged after its Eastern and Southern Africa General Manager Mr Ahmed Rady met with P...

By Staff reporter | Published: 17 May 2018

INDUSTRIALS & ENERGY

Eat n' Lick opens their newest outlet in Kwekwe

One of the country's fastest-growing fast food retail outlet, Eat n' Lick has embarked on a massive expansion drive, with the opening of a new branch in Kwekwe to increase its market share in the sect...

By Ngoni Shenjere | Published: 17 May 2018

INDUSTRIALS & ENERGY

RioZim evaluating Zimbabwe power plant bids

Zimbabwean miner RioZim Ltd. is evaluating proposals from six companies to participate in its $1.2 billion power project, as the nation enjoys a return of foreign-investor attention under President Em...

By Bloomberg | Published: 17 May 2018

FINANCIAL SERVICES

Cell Insurance spreads wings

CELL Insurance Group is planning to open two additional health facilities before year-end as part of efforts to spread its reach across the country, The Financial Gazette has reported.Addressing deleg...

By Staff reporter | Published: 17 May 2018

INDUSTRIALS & ENERGY

Pepsi set to eat into Delta market share

DELTA Corporation's sparkling beverages market share could decline during the current reporting season following the coming on stream of a Pepsi plant early this year, an analysis on the company's out...

By Staff reporter | Published: 17 May 2018

MINING & RETAIL

$200m siphoned from Hwange

A KEY shareholder in the Zimbabwe Stock Exchange-listed coal mining giant Hwange Colliery Company Limited has raised the red flag over its multimillion-dollar coal gasification project, amid claims th...

By Staff reporter | Published: 17 May 2018

MINING & RETAIL

Hwange Colliery proposes 1 300 job cuts

HWANGE Colliery Company Limited (HCCL) shareholders toyed with the idea of cutting 1 300 jobs to save the company two years ago, a report has said.Minutes of two-day meetings of major shareholders hel...

By Staff reporter | Published: 17 May 2018
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