TRANSPORT & TOURISM

Govt realigns Air Zimbabwe, Zimbabwe Airways

Government is realigning operations and organisational structures of Air Zimbabwe and Zimbabwe Airways for both to operate under one board. In an interview, Transport and Infrastructural Development M...

By Staff reporter | Published: 16 July 2018

FINANCIAL SERVICES

Agribank's net income grows

AGRIBANK's net income is improving, an indication of the financial institution's stability as it can meet its operating expenses from interest, a recent survey has revealed.According to the 2017 Zimba...

By Staff reporter | Published: 15 July 2018

CONSTRUCTION & PROPERTY

Construction industry growth prospects dim

Zimbabwe's construction industry will only grow by an average of 5% in the next five years due to economic challenges facing the country, BMI Research, a Fitch Group company, has revealed.Speaking at ...

By Staff reporter | Published: 15 July 2018

FINANCIAL SERVICES

Insurers reel from chaos

INSURANCE companies are reeling from the mayhem on the country's roads caused by reduced police presence amid revelations of a sharp increase in loss ratios of vehicles being mostly used as illegal ta...

By Staff reporter | Published: 15 July 2018

LANDS & AGRICULTURE

Market garden thrives

RESIDENTS from the high-density suburb of Emganwini in Bulawayo have turned a 3,5 hectare piece of land into a thriving urban market garden which has begun to transform livelihoods of a number of impo...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

Zimbabwe exports shoot up marginally

ZIMBABWE's exports increased by 1,8 percent last month rising from $267,1 million in May to $384,4 million in the month of June, official trade figures show.The improved month-on-month export performa...

By Staff reporter | Published: 15 July 2018

FINANCIAL SERVICES

Women's bank to roll-out agent banking facilities

THE Zimbabwe Women''s Microfinance Bank (ZWMB) is in the process of rolling out agent banking facilities as it seeks to improve financial inclusion especially in remote areas, a Cabinet official said....

By Staff reporter | Published: 15 July 2018

TRANSPORT & TOURISM

NRZ deal nears finalisation

Finalisation of the National Railways of Zimbabwe (NRZ) US$400 million recapitalisation deal is progressing well, with closure expected in the near future.The Diaspora Infrastructure Development Group...

By Staff reporter | Published: 15 July 2018

MINING & RETAIL

Cheers for small scale miners

GOVERNMENT has finalised effecting amendments to the Mines and Minerals Amendment Bill, which will see small scale miners getting recognition at law, as Government steps up efforts to grow the sector ...

By Staff reporter | Published: 15 July 2018

TRANSPORT & TOURISM

Fly Africa set to lose property over debt

Fly Africa is set to lose property over a $17 295 debt owed to a former employee who recently obtained a writ of execution against the airline, following a court order issued by High Court judge Justi...

By Staff reporter | Published: 14 July 2018

INDUSTRIALS & ENERGY

AB InBev yet to receive US$70m Delta dividends

Delta, the largest company on the ZSE by market capitalisation, last month recorded a 12% decline in annual profit.Anheuser-Busch Inbev (AB InBev) - the world's largest brewer - is yet to receive a to...

By Staff reporter | Published: 13 July 2018

TELECOMS & TECHNOLOGY

Potraz probes NetOne data

POSTAL and Regulatory Authority of Zimbabwe (Potraz) is investigating why state-owned mobile network operator - NetOne - submitted data that does not tally following a compulsory clean up exercise of ...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

RTG completes US$1 million hotel renovation

HOTELING concern Rainbow Tourism Group has completed its US$1 million refurbishment of the 88-room Victoria Falls Rainbow Hotel as it seeks to increase its market share.This follows the refurbishment ...

By Staff reporter | Published: 13 July 2018

TELECOMS & TECHNOLOGY

Potraz in telemedicine initiative

Telecommunications regulator Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is supporting local health facilities to access specialist services through its innovative tele-med...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Delta bemoans forex shortages

Beverages giant, Delta Corporation Limited has said foreign currency shortages continue to have a knock on effect on its business especially packaging material, although earnings were positive in the ...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Delta revenue sparkles

DELTA Corporation Limited has reported a 40% increase in revenue as a result of an upsurge in all its beverage categories which was driven by higher consumer demand during the first quarter of the yea...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

Air Namibia's planes to be impounded over $1m

High Court judge Justice Tawanda Chitapi has issued a court order, authorising the Sheriff or his Deputy to impound Air Namibia's planes and attach office equipment at Joina City in Harare, pending an...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Zesa acquitted of violating salary agreement

A High Court judge has acquitted Zesa Holdings on charges of violating a 2012 agreement to adjust the salaries of its employees in a move which could result in the power utility company saving over $1...

By Staff reporter | Published: 13 July 2018

FINANCIAL SERVICES

'Ecobank in Zimbabwe to stay'

ECOBANK Transnational Incorporated says it will provide a platform for the local bank to access global finance, as it seeks to stay in Zimbabwe for the long haul.Ecobank group chief executive officer ...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

RTG douses fire outbreak claims

THE Rainbow Tourism Group (RTG) has refuted claims on social media that a fire that broke out at the Rainbow Towers Hotel in Harare on Wednesday engulfed a huge portion of the hotel as it only covered...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

'Nurture youths in tourism'

TOURISM and Hospitality Industry minister Prisca Mupfumira says there is need to nurture youths in order to get them to develop society through different platforms such as tourism.Mpfumira was speakin...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

Tobacco fails to deliver Zim forex relief

IH Securities says the economy is yet to feel the impact of the tobacco export proceeds despite being over 90 days into the season.In IH Securities outlook for the month released recently, the local f...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Sugar prices up 18%

THE price of sugar has increased by about 18% to $2,25 per 2 kg pack over the past few days due to rising costs of production as well as cost of money, NewsDay has reported.Confederation of Zimbabwe R...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

ZTA postpones cultural fiesta

ZIMBABWE Tourism Authority (ZTA) has been forced to move this year's edition of the annual Harare International Carnival, which had been set for July 17 to 21, to the first week of October, as it has ...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

Air Zimbabwe to secure technical partner

Cabinet is expected to make a major pronouncement on Air Zimbabwe, amid indications that an inter-ministerial task-force put together to find a lasting solution to the problems dogging the national fl...

By Staff reporter | Published: 13 July 2018
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