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

TRANSPORT & TOURISM

CAAZ in airports upgrade drive

The Civil Aviation Authority of Zimbabwe (Caaz) is seeking financial advisors to help in the raising of funds for proposed capital projects at various airports across the country.It is understood that...

By Staff reporter | Published: 24 April 2018

FINANCIAL SERVICES

MetBank drags Harare to court over $1m debt

The Harare Municipal Medical Aid Society (HMMAS) is being sued by Met Bank Ltd for failing to repay a loan of $1 million.According to the lawsuit filed by Met Bank, HMMAS failed to pay back $1 037 283...

By Staff reporter | Published: 24 April 2018

BUSINESS NEWS

GML seeks national strategic status

KWEKWE-based explosives manufacturer GML Explosives has engaged Government seeking consideration to be granted national strategic company status.GML Explosives, formerly known as Dyno Nobel, is the on...

By Staff reporter | Published: 24 April 2018

BUSINESS NEWS

Wicknell Chivayo back at solar project site

PARLIAMENT heard yesterday that controversial businessman Wicknell Chivayo was back on the site earmarked for the Gwanda solar project at a time legislators were still investigating circumstances lead...

By Staff reporter | Published: 24 April 2018

FINANCIAL SERVICES

Ecobank profits surge 123%

ECOBANK Zimbabwe Limited has declared an interim $2.3 million dividend for the year ended December 31, 2017 after its profits surged by 123 percent to $22 million compared to $9.9 million in the prior...

By Staff reporter | Published: 24 April 2018

TELECOMS & TECHNOLOGY

NetOne extends operating hours

NetOne has extended operating times, with the country's second-biggest mobile phone operator's shops staying open for longer on Saturday, and opening for business on Sundays. On Saturday, the telecoms...

By Staff reporter | Published: 24 April 2018

Quton releases new cotton hybrid seed

Zimbabwe's major cotton seed producer Quton, has released new cotton hybrid seed with a higher yield potential compared to current non hybrid varieties, in a move that is set to revive the country's c...

By Staff reporter | Published: 24 April 2018

TELECOMS & TECHNOLOGY

Econet under fire over business deal

The Postal and Telecommunications Regulatory Authority (Potraz) has received a complaint against Econet Wireless Zimbabwe over allegations of possible unauthorised use of another company's interlectua...

By Staff reporter | Published: 24 April 2018

MINING & RETAIL

Chinese firm, Kamativi in $7m mine wrangle

Chinese company that reportedly invested $7 million in the mining of several minerals through a joint venture agreement has filed a High Court lawsuit against Kamativi, accusing it of making u-turn on...

By Staff reporter | Published: 24 April 2018

MINING & RETAIL

Zim is the last frontier for gold mining in Africa

CANADA based Caledonia Mining Corporation plans to acquire more gold assets in Zimbabwe and increase its stake in Blanket Mine near Gwanda.This follows renewed investor confidence in the country emana...

By Staff reporter | Published: 24 April 2018
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