MINING & RETAIL

Govt targets 75 tonnes of gold annually

THE Ministry of Mines and Mining Development has set a target of producing 75 tonnes of gold annually in the next five years as Government seeks to boost reserves and increase mining sector earnings.G...

By Staff reporter | Published: 14 May 2018

MINING & RETAIL

Parly demands validation of $500m Zisco debt

THE Parliamentary Portfolio Committee on Finance and Economic Development has demanded validation of the $500 million Zisco debt to authenticate the arrears before Government takes over the firm's lia...

By Staff reporter | Published: 14 May 2018

TRANSPORT & TOURISM

Zim back to record tourist numbers

ZIMBABWE'S top resort town, Victoria Falls, has received a record number of tourists and healthy forward bookings, according to Africa Albida Tourism (AAT).AAT chief executive, Ross Kennedy, said mont...

By Staff reporter | Published: 14 May 2018

MINING & RETAIL

Hwange Colliery targets 300 000t output

HWANGE Colliery Company Limited (HCCL) says it is targeting to increase its coal production by 29.3 percent to 300 000 tonnes per month by June this year as it continues to pursue its scheme of arrang...

By Staff reporter | Published: 14 May 2018

TRANSPORT & TOURISM

New airline to fly into Zimbabwe

Zambia's leading airline, Proflight Zambia, is set to introduce flights between Harare and Lusaka during the first week of July.Civil Aviation Authority of Zimbabwe public relations and communications...

By Staff reporter | Published: 14 May 2018

LANDS & AGRICULTURE

Canadian investors target 10 000ha for Zim cannabis/ mbanje farming

CANADIAN investors are scouting for business opportunities in Guruve in a bid to secure 10 000 hectares of land for marijuana farming due to the area's favourable climatic conditions.Discussions are a...

By Staff reporter | Published: 14 May 2018

INDUSTRIALS & ENERGY

Chinese, US firms in joint bid for Batoka

GLOBAL electrical engineering giants, China Power and United States incorporated General Electric (GE), have launched a joint bid for a contract to construct the 2 400-megawatt Batoka Gorge hydropower...

By Staff reporter | Published: 14 May 2018

MINING & RETAIL

Gold to hit record highs of 30 tonnes

Zimbabwe's gold production is projected to rise to a record 30 tonnes year as producers' ramp up output, Finance and Economic Planning minister Patrick Chinamasa has told Parliament.Chinamasa said gol...

By Staff reporter | Published: 14 May 2018

LANDS & AGRICULTURE

Tobacco cash flows fail to improve liquidity

Foreign currency raised from this year's tobacco sales has not improved Zimbabwe's liquidity position because of the significant increase in the fuel import bill caused by a hike in international oil ...

By Staff reporter | Published: 14 May 2018

FINANCIAL SERVICES

NMB secures forex clearing agent

NMB Bank says it has secured a corresponded agent for United States dollars and Euro clearing with a German bank to facilitate international transactions.The bank said in a notice that it has partnere...

By Staff reporter | Published: 13 May 2018

MINING & RETAIL

$730m Lupane mining deal gets underway

THE Government will tomorrow sign a mega mining investment deal that will see more than $730 million worth of investment coming into the mining sector, Mines and Mining Development Minister Winston Ch...

By Staff reporter | Published: 13 May 2018

INDUSTRIALS & ENERGY

Delta Beverages reports revenue growth

Delta Beverages' revenue grew 18 percent to US$572 million for the year ended March 31, 2018, compared to US$482 million in the prior year.This is the Group's first revenue growth in five years as it ...

By Staff reporter | Published: 13 May 2018

MINING & RETAIL

Zim moves towards coal self-sufficiency

ZIMBABWE is set to produce huge tonnes of coal in the near future driven by the ambitious production targets set by two new miners, Zambezi Gas and Liberation Mining, in a move expected to guarantee a...

By Staff reporter | Published: 13 May 2018

MINING & RETAIL

Open up diamond and platinum mining

The Chamber of Mines of Zimbabwe (CoMZ) says while Government's decision to scrap the 51/49 indigenisation law requirement for most minerals is plausible, repealing the legislation in the extraction o...

By Staff reporter | Published: 13 May 2018

TELECOMS & TECHNOLOGY

Supa Mandiwanzira moots lowering tariffs

Minister of Information Communication Technology and Cyber Security, Supa Mandiwanzira, has said government is undertaking research to ascertain the real cost of data in the country following an outcr...

By Staff reporter | Published: 12 May 2018

MINING & RETAIL

Hwange Colliery scheme of arrangement on course

Hwange Colliery Company Limited (HCCL) says it has been paying monthly instalments to its employee creditors since December, 2017, and it will continue until the $70 million arrears are paid in full.T...

By Staff reporter | Published: 12 May 2018

TRANSPORT & TOURISM

Zimbabwe Airways circus continues

The circus behind the country's new national airline, Zimbabwe Airways, has reached fever-pitch with the government now moving to remove former president Robert Gabriel Mugabe's initials from one of t...

By Staff reporter | Published: 12 May 2018

MINING & RETAIL

Mujuru mine application hits a snag

THE liquidator of Limpopo Mining Resources, also known as River Ranch Mine, previously linked to the late army general Solomon Mujuru, has opposed an application by the mine's majority owners, Rani In...

By Staff reporter | Published: 12 May 2018

TRANSPORT & TOURISM

Air Zim engineers moonlighting for ZimAirways

TENSIONs between senior Air Zimbabwe officials, the Transport ministry and Zimbabwe Airways (ZimAirways) are mounting after minister Jorum Gumbo recently blocked the convening of a disciplinary hearin...

By Staff reporter | Published: 12 May 2018

TELECOMS & TECHNOLOGY

Mnangagwa's govt mulls Telecel 100% takeover

GOVERNMENT, which has 60% shareholding at Telecel Zimbabwe, has made a decision not to sell part of its stake to investors interested in the telecommunications company, but instead buy off the minorit...

By Staff reporter | Published: 12 May 2018

TELECOMS & TECHNOLOGY

'Set up Cyber Security and Internet Court'

Zimbabwe Information and Communication Technologies (ZICT) has called for the set up of a Cyber Security and Internet Court.ZICT - a division of the Zimbabwe Institution of Engineers - said there was ...

By Staff reporter | Published: 12 May 2018

MINING & RETAIL

Exploration for diamonds in Masvingo looms

Exploration work to establish the presence of kimberlite is set to be carried out in Masvingo's Mwenezi district.This follows the citing of suspected kimberlite rock in the area.Officials from the Zim...

By Staff reporter | Published: 12 May 2018

FINANCIAL SERVICES

Zim banks banned from trading in crypto currency

The Reserve Bank of Zimbabwe has, in the interest of public trust in the financial system, banned local banks from trading in crypto currency.The central bank issued local banks with a 60 days ultimat...

By Staff reporter | Published: 12 May 2018

TRANSPORT & TOURISM

Zimbabwe tourism players bullish

Zimbabwean tourism industry players attending the on-going Africa Travel Indaba in Durban, South Africa are optimistic of a better future following positive signs pointing to a better performance.The ...

By Staff reporter | Published: 11 May 2018

TELECOMS & TECHNOLOGY

SA firm sweats to recover NetOne debt

South Africa telecommunications consultant company, Megawatt Energy (Private) Limited, has sought government intervention to recover the $4 million it is owed by NetOne and Huawei Technologies.Through...

By Staff reporter | Published: 11 May 2018
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