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

TRANSPORT & TOURISM

Luxurious hotel for Vic Falls

Victoria Falls will soon boast a new luxury boutique called Mbano Manor Hotel, set to be launched in the first half of 2019, the Financial Gazette reported.The driving force behind Mbano Manor Hotel, ...

By Staff reporter | Published: 12 April 2018

MINING & RETAIL

Latitude to acquire lithium project in Zimbabwe

Latitude Consolidated Ltd, a mining company listed on the Australian Stock Exchange, has entered into a binding agreement to acquire a 70% interest in the Mbeta Lithium Project in Zimbabwe.Mbeta compr...

By Staff reporter | Published: 12 April 2018

TELECOMS & TECHNOLOGY

Liquid eyes more cloud services business

LIQUID Telecom has stepped up efforts to sign on more businesses to adopt Microsoft's cloud services following a partnership with the tech giant early last year.Cloud services is cloud computing, that...

By Staff reporter | Published: 12 April 2018

MINING & RETAIL

OK sees higher growth on promotion

OK Zimbabwe is targeting to grow its revenue above it "internal" inflation, spurred by the introduction its annual promotion OK Zimbabwe Grand Challenge.The 30th edition of the OK Grand Challenge runs...

By Staff reporter | Published: 12 April 2018

LANDS & AGRICULTURE

Tobacco hits $25m in sales

TOBACCO sales have reached $25.8 million from 8.9 million kilogrammes delivered at the auction floors since the start of the marketing season on March 21, official figures show.During the comparable p...

By Staff reporter | Published: 12 April 2018

MINING & RETAIL

Zim to introduce contract sales for Marange diamonds

ZIMBABWE's state-owned diamond company is planning to introduce contract sales, as part of a strategy to revive operations and bring greater transparency at the Marange fields in Manicaland province.T...

By Staff reporter | Published: 12 April 2018

LANDS & AGRICULTURE

Seed Co introduces new varieties

Seed Co, Zimbabwe's biggest supplier of a variety of certified crop seeds, has introduced a new climate smart variety of maize seed known as SC 649.The new breed of maize seed (SC 649), is meant to ad...

By Staff reporter | Published: 12 April 2018

FINANCIAL SERVICES

Zimnat launches low cost life policy

Zimnat Life Assurance has launched a new low income group life product targeted at the civil service, private sector and the self-employed.The Zimnat Security Plan is a life assurance policy which pro...

By Staff reporter | Published: 12 April 2018

BUSINESS NEWS

Chiwenga pledges forex to producers

Government has pledged to assist manufacturing companies with foreign currency and new equipment to boost their production capacity and ensure they generate their own foreign currency through exports....

By Staff reporter | Published: 12 April 2018

TRANSPORT & TOURISM

Second Boeing already paid for

Government yesterday took delivery of a Boeing 777-200ER aircraft from Malaysia, which is part of an envisaged fleet of 10 aeroplanes to be managed under a new company tasked to boost the local aviat...

By Staff reporter | Published: 12 April 2018

FINANCIAL SERVICES

Industry calls for dialogue on externalization

Captains of industry and commerce have called for dialogue over accusations of foreign currency externalization by government, which resulted in the publication of a  name and shame list three we...

By Staff reporter | Published: 12 April 2018

MINING & RETAIL

Implats challenges Zimbabwe listing orders

The government of Zimbabwe has outlined plans to enforce miners to list on the local exchange, but platinum producers oppose the idea as they believe it will stifle their ability to invest and grow. I...

By Staff reporter | Published: 12 April 2018

TRANSPORT & TOURISM

FlyAfrica to start flying next week

Fledgling local airline, FlyAfrica Zimbabwe, is set to commence commercial flights on the Harare-Johannesburg and Harare-Bulawayo routes next week following several false starts last year. FlyAfrica, ...

By Staff reporter | Published: 12 April 2018
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