TRANSPORT & TOURISM

flyafrica fails to take off again

Low-cost airline Fly Africa which was set to resume the Harare-Johannesburg flights failed to take off again on Sunday and today as advertised.The airline had announced that Harare-Johannesburg, as we...

By Staff reporter | Published: 17 April 2018

TELECOMS & TECHNOLOGY

Makamba on the ropes

Brainworks Capital founder and former director George Manyere has moved to claim $2,75 million owed by businessman Dr James Makamba's investment vehicle Kestrel Corporation, which was securitised by s...

By Staff reporter | Published: 17 April 2018

INDUSTRIALS & ENERGY

Delta revenue jumps 18%

ZIMBABWE Stock Exchange listed beverage manufacturer, Delta Corporation, revenue grew by 18 percent in the year to March 2018 driven by growth in larger, sparkling beverages and sorghum beer volumes, ...

By Staff reporter | Published: 17 April 2018

TRANSPORT & TOURISM

Air Zimbabwe feels the heat

AIR ZIMBABWE, whose management has been publicly attacked by Government for mismanagement, says it will be on the road to recovery once it has fully implemented its strategic turnaround plan to be rol...

By Staff reporter | Published: 17 April 2018

MINING & RETAIL

Moti Group agreeable to selling shares in Zim

SOUTH Africa's Moti Group will consider selling shares in its Zimbabwean chrome mining operations if Government pushes ahead with the proposal.Zimbabwean policymakers are debating a bill that will req...

By Bloomberg | Published: 17 April 2018

BUSINESS NEWS

March inflation drops to 2.68%

ZIMBABWE'S annual rate of inflation for March shed 0,3 percentage points on the February figure to 2,68 percent, the Zimbabwe National Statistics Agency (ZimsStat) reported."This means that prices as ...

By Staff reporter | Published: 17 April 2018

INDUSTRIALS & ENERGY

Zim puts wind energy plan on hold

ZIMBABWE has put on hold plans to undertake a wind resource measurement exercise on three sites with highest energy potential, as the price bids received from companies that tendered to carry out the ...

By Staff reporter | Published: 17 April 2018

TRANSPORT & TOURISM

'NRZ joint venture agreement end of May'

THE $400 million recapitalisation deal between the National Railways of Zimbabwe (NRZ) and the Diaspora Investment Development Group (DIDG)/Transnet Consortium is well on course, with the joint ventur...

By Staff reporter | Published: 17 April 2018

LANDS & AGRICULTURE

Tobacco farmers hail payment in forex

Tobacco farmers have welcomed Government's decision to pay them part of their money in foreign currency.The growers are entitled to a cash withdrawal of $300 per sale from banks operating at the aucti...

By Staff reporter | Published: 17 April 2018

MINING & RETAIL

Agarwal hires AngloGold's CEO to run Vedanta

Indian billionaire Anil Agarwal's Vedanta Resources named AngloGold Ashanti's Srinivasan Venkatakrishnan as its new chief executive officer as the diversified miner ended a year-long search for a new ...

By Staff reporter | Published: 16 April 2018

LANDS & AGRICULTURE

Tobacco farmers' deal turns sour

Tobacco contracting firm, Agritrade Leaf Tobacco, is in the eye of a storm after it allegedly deducted insurance premiums from farmers without prior contractual agreements.The premiums were submitted ...

By Staff reporter | Published: 16 April 2018

MINING & RETAIL

Workers contest quarry privatisation

Harare City Council workers are still fighting against the privatisation of Crusher Station, an entity of the local authority that produces crushed stone and asphalt concrete for road construction and...

By Staff reporter | Published: 16 April 2018

MINING & RETAIL

Hwange bars workers

Hwange Colliery Company Limited [HCCL] allegedly barred its workers from meeting Members of Parliament investigation team, amid allegations of mismanagement and corruption at the coal miner, it has be...

By Staff reporter | Published: 16 April 2018

TRANSPORT & TOURISM

Zimbabwe airline seeks $100m investment

A Hong Kong Investor YAYA Sun is set to invest in excess of US$100 million in a local airliner, Sol Air.The deal, which had been put on ice owing to the country's risk profile and airline remittance i...

By Staff reporter | Published: 13 April 2018

TELECOMS & TECHNOLOGY

Makamba, Mnangagwa's son-in law bury hatchet

PROMINENT Lawyer Gerald Mlotshwa and businessman James Makamba are said to have resolved their differences over the Empowerment Corporation (EC) 40% shareholding in Telecel Zimbabwe which a cabinet mi...

By Staff reporter | Published: 13 April 2018

TRANSPORT & TOURISM

Air Zimbabwe scandal reflects parastatal rot

THE systematic decline and near-collapse of the country's flag carrier Air Zimbabwe (AirZim), attributed to mismanagement and corruption, reflects the general decay of struggling and bankrupt state-ow...

By Staff reporter | Published: 13 April 2018

FINANCIAL SERVICES

StanChart limits Visa Card use

STANDARD Chartered Bank Zimbabwe (StanChart) has introduced annual limits for its Visa Card and prohibited its use in offshore investments, The Financial Gazette reported.StanChart joins other local b...

By Staff reporter | Published: 13 April 2018

TRANSPORT & TOURISM

Vic Falls among world's top 13 holiday destinations

UNITED States-based Business Insider has endorsed the Victoria Falls as the only African place to travel this month.Out of the 13 best travel places in the world for April 2018, Victoria Falls was giv...

By Staff reporter | Published: 13 April 2018

TELECOMS & TECHNOLOGY

Telecel board plans recapitalisation

TELECEL Zimbabwe (Telecel) is planning to invest in network expansion as part of strategies to keep ahead of competition in the country's telecommunication industry.This was revealed by the company's ...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Dodgy US$1m bank deposit under probe

The Reserve Bank of Zimbabwe (RBZ) has frozen a US$1 million deposit held by a local bank amid suspicions it could be proceeds from an illegal gold deal involving 27 kilogrammes of bullion exported by...

By Staff reporter | Published: 13 April 2018

MINING & RETAIL

ZCDC to invest US$20m in new mining projects

ZIMBABWE Consolidated Diamond Company (ZCDC) will spend over US$20 million this year in exploration to augment its resource base, the businessdigest can reveal.The miner will invest a total US$200 mil...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

CBZ, Pick n Pay eye Shurugwi

One of the country's leading commercial banks, CBZ is set to open a new branch in Shurugwi as it seeks to increase its clientèle base.Shurugwi town secretary Mr Solomon Siziba said the bank was expec...

By Staff reporter | Published: 13 April 2018

LANDS & AGRICULTURE

Minister commissions seed bank in Mudzi

Minister of State for Mashonaland East Provincial Affairs David Musabayana last week commissioned a seed bank that is expected to be used by farmers in Mudzi District to store small grains.Addressing ...

By Staff reporter | Published: 13 April 2018

FINANCIAL SERVICES

ZB Bank reopens Mutare branch

ZB Bank Financial Holdings on Wednesday officially opened the refurbished Mutare branch in line with the bank's 2018 campaign of going big on service delivery, product innovation, technology and infra...

By Staff reporter | Published: 13 April 2018

TRANSPORT & TOURISM

Spotlight on Zimbabwe Airways

In a dramatic development which further shines the spotlight on Zimbabwe Airways - an opaque new airline which was suspected to have close links with former president Robert Mugabe's family - the gove...

By Staff reporter | Published: 12 April 2018
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