TRANSPORT & TOURISM

SAA seeks diplomacy to recover millions from Zim

SOUTH African Airways (SAA) says it will be switching to diplomacy to recover millions of dollars that have been not been repatriated from Zimbabwe.Zimbabwe and Angola are said to owe SAA a combined $...

By Staff reporter | Published: 07 June 2018

FINANCIAL SERVICES

EcoCash investigates unscrupulous agents

Econet is investigating claims that some EcoCash agents are offering cash outs at a premium.In a statement yesterday, Econet said it routinely did security checks on its agents to clamp down on the pr...

By Staff reporter | Published: 07 June 2018

FINANCIAL SERVICES

Interest caps hit POSB income

POSB's net interest income declined by 9,84% to $11,02 million in the financial year ending December 31, 2017, which it blamed on the interest caps put in by the central bank last year.Net interest in...

By Staff reporter | Published: 07 June 2018

INDUSTRIALS & ENERGY

Conveyer belt traps Arenel worker

AN EMPLOYEE at Arenel Sweets and Biscuits in Bulawayo allegedly lost an arm yesterday morning after he was trapped by a conveyer belt during maintenance.Mr Goodluck Muleya (24) who sustained multiple ...

By Staff reporter | Published: 07 June 2018

TRANSPORT & TOURISM

Goods train derails in Hwange

THE National Railways of Zimbabwe (NRZ) passenger train between Bulawayo and Victoria Falls was on Tuesday delayed for about 10 hours after a goods train derailed and blocked the railway line in Hwang...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

Zim readies for lithium battery production

ZIMBABWE Lithium Company is negotiating with RioZim to upgrade the Empress Nickel Refinery (ENR) and position it for battery grade lithium production.Lithium has become a much-sought after mineral not...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

Colliery adopts new business model

HWANGE Colliery Company has adopted a new integrated business management system meant to enhance competitiveness on the global market while ensuring safe working conditions for its workers.Speaking du...

By Staff reporter | Published: 07 June 2018

INDUSTRIALS & ENERGY

Sable to raise $200m for coal bed methane project

SABLE Chemical Industries, the country's sole producer of Ammonium Nitrate, is set to embark on a project to set up a $200 million fertiliser manufacturing plant which uses Coal Bed Methane (CBM).Spea...

By Staff reporter | Published: 07 June 2018

LANDS & AGRICULTURE

$400 million worth of tobacco sold

NEARLY $400 million worth of tobacco has so far been sold at the auction floors since the beginning of the marketing season in March, official figures show.The Tobacco Industry and Marketing Board (TI...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

Hwange eyes 300 000 tonnes

HWANGE Colliery Company Limited (HCCL) is expected to haul 300 000 tonnes of coal beginning this month, as the coal miners eyes a return to profitability.This was said here yesterday by HCCL board mem...

By Staff reporter | Published: 07 June 2018

TELECOMS & TECHNOLOGY

OneMoney reaches 1million subscribers

THE country's second largest mobile network service provider by subscriber base, NetOne, says up to one million subscribers are now transacting through its OneMoney mobile money platform.Chief executi...

By Staff reporter | Published: 07 June 2018

TELECOMS & TECHNOLOGY

TelOne modifying all telephone numbers

STATE-owned telecommunications company, TelOne, is changing all area codes and modifying telephone numbers as the implementation of the $98 million national broadband project nears completion.In a sta...

By Staff reporter | Published: 07 June 2018

FINANCIAL SERVICES

Women's Bank opens Tuesday

The much-awaited women's bank is set to open next Tuesday after the Reserve Bank of Zimbabwe (RBZ) authorised its operations and issued it with a licence, a Cabinet minister said yesterday.Women Affai...

By Staff reporter | Published: 07 June 2018

FINANCIAL SERVICES

FML seeks 100% of NicozDiamond

First Mutual Holdings Limited (FMHL) will increase its stake in NicozDimond Insurance Limited (NDIL) to 100 percent if shareholders approve the proposal at a meeting to be held at the end of this mont...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

Zimbabwe forecasts surge in diamond output

Zimbabwe's rough-diamond production will more than triple to 11 million carats in 2025, according to the nation's state-owned mining operation. Output will grow at an average of 21% per year from 3 m...

By Rapaport News | Published: 06 June 2018

MINING & RETAIL

Zimplats hands over 24,000 hectares to govt

ZIMBABWE'S largest platinum miner, Zimplats, has agreed to release to the Zimbabwe Government land measuring 23  903 hectares within Zimplats' mining lease area in support of the Government's eff...

By Ngoni Shenjere | Published: 06 June 2018

FINANCIAL SERVICES

Zim bank profits surge as economy dies

Zimbabwe's banks are posting startling profits that are buttressing economists and investors' belief that revenues from electronic transactions charges were reinvigorating the long-struggling financia...

By Staff reporter | Published: 06 June 2018

TELECOMS & TECHNOLOGY

Zim embraces ICTs for sustainable development

Zimbabwe is committed to Africa's quest to enhance the continent's information and communication technology (ICT) systems, as these are necessary to achieve sustainable development in all sectors of t...

By Staff reporter | Published: 06 June 2018

MINING & RETAIL

Govt explores limestone deposits in Zvishavane

THE Ministry of Mines and Mining Development has started exploration of limestone deposits on the outskirts of Zvishavane, which have the potential to generate millions of dollars in revenue for the c...

By Staff reporter | Published: 06 June 2018

BUSINESS NEWS

Hwange firms slammed for sidelining locals

Hwange-based companies came under fire yesterday as residents complained bitterly that they are deliberately being excluded in terms of employment, even for junior positions of cleaners, which they cl...

By Staff reporter | Published: 06 June 2018

TRANSPORT & TOURISM

NRZ surpasses $18m Q1 revenue target

THE National Railways of Zimbabwe (NRZ) has surpassed its first quarter revenue target of $18 million by five percent driven by the trust the parastatal's customers continue to build in the company.NR...

By Staff reporter | Published: 06 June 2018

MINING & RETAIL

Govt shelves mining fees for small scale miners

Small scale miners got a reprieve after Government temporarily shelved mining fees levied on them as part of efforts to formalise the sector and increase production.President Mnangagwa announced this ...

By Staff reporter | Published: 06 June 2018

LANDS & AGRICULTURE

Seed Co profit jumps 5%

Zimbabwe Stock Exchange (ZSE) listed seed producer, Seed Co, after tax profit for the year to March 31, 2018 surged 5 percent to $21,4 million despite the group being afflicted by a number of adverse ...

By Staff reporter | Published: 06 June 2018

FINANCIAL SERVICES

'Adapt technology to solve African problems'

"It is important for us as Africans to understand the challenges we face and find ways of using technology to solve them," NMB Bank chief operating officer Gerald Gore told participants in the Enactus...

By Staff reporter | Published: 05 June 2018

TELECOMS & TECHNOLOGY

Cassava, Comviva win the Com Award 2018

Cassava Fintech and Comviva have jointly won the East Africa Com Award in "Fintech Innovation Award" category for EcoCash Merchant Payments powered by mobiquity® Money. The award was presented recent...

By Agencies | Published: 05 June 2018
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