MINING & RETAIL

Gold output hits 10 tonnes

GOLD production continues to surge in the country after hitting 10,1 tonnes in the first four months of the year, which is already higher than the 9,9 tonnes achieved in the first half of last year.In...

By Staff reporter | Published: 10 June 2018

TELECOMS & TECHNOLOGY

Econet completes HQ solar installation

Econet Wireless Zimbabwe (EWZ), the country's largest telecom and technology company, has completed the installation of a solar power system at its head office in Msasa, Harare.The 99.9KW solar system...

By Staff reporter | Published: 10 June 2018

MINING & RETAIL

Meikles in trouble over $1.5m debt

THE High Court has ordered the Sheriff to attach and take into execution movable goods worth US$1,5 million belonging to Meikles Limited, together with interest of 5% per annum, after the latter faile...

By Staff reporter | Published: 08 June 2018

TELECOMS & TECHNOLOGY

TelOne changes area codes

As the implementation of the $98 million National Broadband Project nears completion, TelOne is changing all the area codes and modifying telephone numbers countrywide.The area codes have been reduced...

By Staff reporter | Published: 08 June 2018

MINING & RETAIL

Mnangagwa's crony gets Zimplats claims

PRESIDENT Emmerson Mnangagwa's crony Lucas Pouroulis, whose company, Karo Resources, recently signed a controversial US$4,2 billion platinum deal with government, has grabbed mineral claims stretching...

By Staff reporter | Published: 08 June 2018

MINING & RETAIL

$5.2bn coal-to-fuel deal murky

Obscure South African company Nkosikhona Holdings, which recently signed a staggering US$5,2 billion deal with government to turn coal into liquid fuel, cashed in on the Lisulu coal deposits in Hwange...

By Staff reporter | Published: 08 June 2018

INDUSTRIALS & ENERGY

Sable can meet Zim's fertilizer requirements

Sable Chemicals chairperson Shingai Mutasa says his company has the capacity to meet the country's ammonium nitrate requirements at affordable prices if the government provides it with adequate foreig...

By Staff reporter | Published: 08 June 2018

LANDS & AGRICULTURE

Mahyco to buy further stake in Quton

ZSE entity Seed Co has received an expression of interest for the acquisition of its 40 percent in Quton's Tanzania and Malawi based operations that have earmarked for disposal, chief executive office...

By Staff reporter | Published: 08 June 2018

INDUSTRIALS & ENERGY

Batteries power Art profits

Art Corporation's profit after tax rose to US$3,2 million in the half year to 31 March 2018 from US$1,2 million thanks to strong performance in its battery division and other units.The group's revenue...

By Staff reporter | Published: 08 June 2018

TELECOMS & TECHNOLOGY

Potraz intensifies consumer awareness campaigns

THE sprawling suburb of Sakubva in Mutare and Nyanga township will be a hive of activity today and tomorrow when the Postal and Telecommunications and Regulatory Authority of Zimbabwe (Potraz) host a ...

By Staff reporter | Published: 08 June 2018

MINING & RETAIL

Edgars to lay off 90 workers

PANIC has gripped workers at Edgars Stores Limited after their employer reportedly indicated plans to lay off about 90 of them in Bulawayo as part of a restructuring exercise.Management at the giant c...

By Staff reporter | Published: 08 June 2018

FINANCIAL SERVICES

Stanbic pours $164 million into mines

STANBIC Bank Zimbabwe has invested $164 million over the past 12 months to fund the working capital needs of the mining industry at a time the economy is battling foreign currency supply gaps.The figu...

By Staff reporter | Published: 08 June 2018

FINANCIAL SERVICES

IDBZ records bankable projects worth $85,7m

Infrastructure Development Bank of Zimbabwe (IDBZ) has converted $85,7 million worth of programmes at concept stage into bankable projects during the financial year 2017. This comes as the financial s...

By Staff reporter | Published: 08 June 2018

MINING & RETAIL

Zimbabwe to roll out Command Mining

Government is introducing Command Mining for Zimbabweans to fully participate in the exploitation of the country's mineral resources while contributing to economic development, Vice President Constant...

By Staff reporter | Published: 08 June 2018

INDUSTRIALS & ENERGY

Boost for explosives production

Sable Chemical Industries is set to start production of ammonium nitrate solution for use in the production of explosives as the country seeks to boost the mining industry. In an address during his to...

By Staff reporter | Published: 08 June 2018

MINING & RETAIL

ZCDC shines at ZNCC awards

ZIMBABWE Consolidated Diamond Company excelled at this year's Manicaland Zimbabwe National Chamber of Commerce business awards ceremony held last Friday at a local hotel after they walked away with th...

By Staff reporter | Published: 08 June 2018

TELECOMS & TECHNOLOGY

Ethiopia stirs MTN, Vodacom interest

Ethiopia, Africa's second most populous country and the continent's fastest growing economy, is inviting big business to cash in.For so long a closed shop, the Horn of Africa nation on Tuesday invited...

By Bloomberg | Published: 07 June 2018

TELECOMS & TECHNOLOGY

Vodacom ordered to withdraw 'best network' claim

THE Advertising Standards Authority's Advertising Industry Tribunal of South Africa has told Vodacom that it may no longer claim in marketing and advertising material that it has South Africa's best m...

By Staff reporter | Published: 07 June 2018

LANDS & AGRICULTURE

'Tobacco set for record outturn,' says Equity Axis

ZIMBABWE's tobacco output is poised for a record outturn, with produce that has so far gone through the sales floors reaching 73 percent of target, an advisory firm has said.Equity Axis, one of the co...

By Staff reporter | Published: 07 June 2018

CONSTRUCTION & PROPERTY

CBD exodus haunts property sector

MASHONALAND Holdings Limited (Masholds) has started engaging local authorities in Zimbabwe to find a lasting solution to heightened exodus from central business districts (CBDs) by companies fleeing a...

By Staff reporter | Published: 07 June 2018

CONSTRUCTION & PROPERTY

Occupancy levels at First Mutual Properties recover

FIRST Mutual Properties (FMP) revenue for the first four months of the year to April increased significantly compared to the same period last year.The company attributed the increase to a growth of oc...

By Staff reporter | Published: 07 June 2018

TRANSPORT & TOURISM

Tough times made Unifreight 'sterner'

UNIFREIGHT Africa says the tough times which it went through over the past few years have made it more focused.The logistics, freight and passenger transport services provider's chief executive office...

By Staff reporter | Published: 07 June 2018

LANDS & AGRICULTURE

Poultry meat sector improves

AN aggressive restocking of breeder birds by the poultry industry since the outbreak of Avian Influenza (AI) last year has seen an increase of pre-laying broiler breeder birds from 130 000 in Septembe...

By Staff reporter | Published: 07 June 2018

TELECOMS & TECHNOLOGY

Mobile transactions decline to $2,4 billion

THE total value of transactions processed through the National Payment Systems (NPS) amounted to $2,45 billion during the week ending May 24  down from $2,70 billion recorded the previous week.Ac...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

ZCDC to invest $400m by 2025

The Zimbabwe Consolidated Diamond Company (ZCDC) plans to invest $400 million under its massive Vision2025 investment blueprint, The Financial Gazette revealed.ZCDC chief executive officer Morris Mpof...

By Staff reporter | Published: 07 June 2018
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