TRANSPORT & TOURISM

Zimbabwe to launch Airbnb rival platform

THE government is in the process of developing an online product, a platform that will offer home stays and eateries for international tourists to choose from when visiting Zimbabwe.Speaking to NewsDa...

By Staff reporter | Published: 23 April 2018

LANDS & AGRICULTURE

Livestock farmers seek to re-establish Tuli breed

BEITBRIDGE indigenous livestock farmers are keen to re-establish the dominance of the Tuli breed of cattle, which originated from the western tip of their district.Tuli is the name of a beef cattle br...

By Staff reporter | Published: 23 April 2018

MINING & RETAIL

Caledonia plans Zimbabwe expansion

Caledonia Mining plans to buy gold assets in Zimbabwe and increase its stake in the Blanket mine after the removal of the country's tough ownership rules.Keen to attract investment to revitalise the c...

By Reuters | Published: 23 April 2018

TRANSPORT & TOURISM

NRZ capacity up 30%

THE National Railways of Zimbabwe (NRZ) has realised a capacity increase of at least 30% from the time it received the first batch of wagons and locomotives from the Diaspora Infrastructure Developmen...

By Staff reporter | Published: 20 April 2018

MINING & RETAIL

Mujuru diamond mine battle erupts

THE Zimbabwe Diamond Consolidated Company (ZCDC) has made moves to acquire Limpopo Mining Resources also known as River Ranch Mine, previously linked to the late army general Solomon Mujuru, for a pal...

By Staff reporter | Published: 20 April 2018

MINING & RETAIL

$4,2bn platinum deal dodgy venture

QUESTIONS are being raised over Karo Resources Limited's US$4,2 billion platinum investment deal signed by government last month as it emerged that the company has a dodgy background and dual registra...

By Staff reporter | Published: 20 April 2018

INDUSTRIALS & ENERGY

$100 000 macimbi processing plant for Beitbridge

THE African Development Bank has set aside $100 000 to support a mopani worm (macimbi)-processing centre wholly-owned by women in Beitbridge.The International Labour Organisation (ILO) is providing th...

By Staff reporter | Published: 20 April 2018

FINANCIAL SERVICES

Banks on course to meet RBZ threshold

A MAJORITY of listed banks are on track to achieving the prescribed Reserve Bank of Zimbabwe (RBZ) minimum capital requirement of $100 million by 2020 with some having already surpassed the threshold....

By Staff reporter | Published: 20 April 2018

INDUSTRIALS & ENERGY

Starafrica converts $46m debt into equity

Sugar producer Starafricacorporation has converted more than $46 million of the company's balance sheet. This was after creditors saw it fit to convert their debt into ordinary shares in the strugglin...

By Staff reporter | Published: 20 April 2018

TELECOMS & TECHNOLOGY

Econet shares up 24.2% in week of frenzied buying

Shares of Econet have shot 24,2 percent in a week of frenzied buying, spurred by expectations of strong full-year earnings. The stock soared to 86 cents on April 17 from 70 cents a week earlier. It ro...

By Econet | Published: 20 April 2018

MINING & RETAIL

Zimbabwe mineral exports up 12%

MINERAL exports revenue jumped 12% to US$372,5 million in the first quarter of the year (Q1) compared to US$332,4 million in the same period in 2017 driven by increased tonnage output.Figures released...

By Staff reporter | Published: 20 April 2018

MINING & RETAIL

General Electric among five shortlisted by RioZim

New York Stock Exchange (NYSE) listed conglomerate, General Electric, is among five foreign investors that diversified Zimbabwe Stock Exchange (ZSE) listed miner RioZim hasshort-listed to develop its ...

By Staff reporter | Published: 20 April 2018

TRANSPORT & TOURISM

Vic Falls tourist arrivals surge 20.7%

Victoria Falls continues to be dominant as the country's major tourist attraction centre after recording 20,7 percent rise in arrivals during Easter Holidays compared to the same period last year. Sta...

By Staff reporter | Published: 20 April 2018

INDUSTRIALS & ENERGY

Lager beer volumes increase by 51%

SABMiller's Zimbabwe affiliate reported a 51 percent increase in annual volume of lager beer.Delta Corporation, which is 38 percent owned by global brewing giant SABMiller said in a trading statement ...

By Staff reporter | Published: 19 April 2018

TELECOMS & TECHNOLOGY

TelOne, Udugu power Zim start-ups

Converged communication systems service provider, TelOne has set its sights on powering the next generation of innovation in the country by partnering with young entrepreneurs in a ground-breaking sta...

By Staff reporter | Published: 19 April 2018

MINING & RETAIL

Army's mining activities under the spotlight

Defence secretary Martin Rushwaya is today expected to appear in Parliament for grilling over the army's mining activities in the Chiadzwa diamond fields.Rushwaya was initially scheduled to appear bef...

By Staff reporter | Published: 19 April 2018

MINING & RETAIL

57.6% rise in gold deliveries

ZIMBABWE'S gold deliveries surged 57,6 percent in the first quarter of 2018 to 7,3 tonnes compared to 4,63 tonnes during the same period last year.Gold output in the first quarter of 2017 was largely ...

By Staff reporter | Published: 19 April 2018

MINING & RETAIL

River Ranch seeks removal from liquidation

RANI Investments LLC, majority shareholder in, Limpopo Mining Resources (Pvt) Limited (LMR), has filed an application with the High Court seeking removal from liquidation due to a change in circumstan...

By Staff reporter | Published: 19 April 2018

INDUSTRIALS & ENERGY

Chiyangwa's Zeco remains in the red

Listed engineering firm, Zeco Holdings, said it losses widened to $2,1 million in the full year to December 2017 from $1,3 million in 2016. In the period under review, the group generated revenues of ...

By Staff reporter | Published: 19 April 2018

TELECOMS & TECHNOLOGY

Zimbabwe expects boom in telecomms sector

The government is expecting a boom in the country's telecommunications sector following reforms that will see three state owned utilities being partially privatised.The second quarter performance of t...

By Staff reporter | Published: 18 April 2018

TELECOMS & TECHNOLOGY

TelOne cuts interest on bills

STATE-OWNED telecoms operator TelOne has reduced the interest rate it had been charging on outstanding bills for businesses backdating to 2009 to 0,04%, the Zimbabwe National Chamber of Commerce (ZNCC...

By Staff reporter | Published: 18 April 2018

MINING & RETAIL

Hwange calls off exploration deal?

Hwange Colliery Company Limited (HCCL) has suspended negotiations concerning a material transaction, which was going to have an effect on the price of the company's shares, had it been concluded.The Z...

By Staff reporter | Published: 18 April 2018

TELECOMS & TECHNOLOGY

Powertel, Africom and ZARnet to merge

State enterprises Powertel, Zarnet (Zimbabwe Academic and Research Network) and Africom were announced to be merging by Finance Minister Patrick Chinamasa. Most readers will be familiar with Powertel ...

By Staff reporter | Published: 17 April 2018

FINANCIAL SERVICES

Golix expands to South Africa

Zimbabwe's leading cryptocurrencies exchange, Golix, has coordinated a partnership with Blockstarters, South Africa's crypto/blockchain hub and incubator, in a move that will see the exchange tapping ...

By Staff reporter | Published: 17 April 2018

FINANCIAL SERVICES

Zimnat launches affordable life policy

Zimnat Life Assurance has launched the Zimnat Security Plan, an exciting and affordable life assurance policy which provides life cover of $10 000 from as little as $14,67 per month, depending on the ...

By Mike Hamilton | Published: 17 April 2018
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