FINANCIAL SERVICES

'Banks need mindset change' - Homelink

ZIMBABWE's banking sector needs a mind-set change in its business modelling to ensure provision of funding facilities that support business growth and complement the country's economic development goa...

By Staff reporter | Published: 30 May 2018

TELECOMS & TECHNOLOGY

Villagers dig up $98m internet cables

VILLAGERS along the Harare-Beitbridge Highway have been accused of digging up optic fibre cables installed by TelOne under its $98 million national broadband backbone (NBB) project to improve the coun...

By Staff reporter | Published: 30 May 2018

MINING & RETAIL

Govt intervenes in Shabanie Mine ex-employees evictions

Vice-President Constantino Chiwenga has ordered Mines minister Winston Chitando to intervene and resolve the issue of evicted Shabanie Mine ex-workers to allow for the smooth opening of the defunct as...

By Staff reporter | Published: 30 May 2018

MINING & RETAIL

JRG gets lithium project contract

ONE of the top construction and civil engineering firms, JR Goddard (JRG), has been appointed as the earthmoving contractor for Prospect Resources' Arcadia Lithium Project.The lithium project, situate...

By Staff reporter | Published: 30 May 2018

BUSINESS NEWS

'Adopting Chinese currency makes sense,' says RBZ

The adoption of renmimbi/yuan as a reserve currency, will help the country repay loans and grants from China, the Reserve Bank of Zimbabwe has said.Zimbabwe and China have strong bilateral relations, ...

By Staff reporter | Published: 30 May 2018

BUSINESS NEWS

'Adopting Chinese currency makes sense,' says RBZ

The adoption of renmimbi/yuan as a reserve currency, will help the country repay loans and grants from China, the Reserve Bank of Zimbabwe has said.Zimbabwe and China have strong bilateral relations, ...

By Staff reporter | Published: 30 May 2018

INDUSTRIALS & ENERGY

Cottco scoffs at takeover plans

Cotton Company of Zimbabwe (Cottco) managing director Mr Pious Manamike has scoffed at Surface Wilmar's proposal to take over 50 percent shareholding in the company, saying the partnership will not ad...

By Staff reporter | Published: 30 May 2018

MINING & RETAIL

Freda Rebecca wins $1,5m appeal

Bindura-based Freda Rebecca Mine has won its appeal to reverse a High Court ruling allowing the registration of a $1, 5 million award granted to the workers by a labour arbitrator over non-payment of ...

By Staff reporter | Published: 30 May 2018

BUSINESS NEWS

Zimbabwean innovator in Africa Prize finals

An innovation which uses a cheap and sustainable recycling method to recover precious metals has made it into the finals of the prestigious 2018 Africa Prize for Engineering Innovation.Zimbabwean che...

By Staff reporter | Published: 29 May 2018

TRANSPORT & TOURISM

UAE investors eye Victoria Falls

The visiting business delegation from United Arab Emirates (UAE) have held a meeting with tourism stakeholders and officials from the Victoria Falls Municipality where they reaffirmed their commitment...

By Staff reporter | Published: 29 May 2018

TELECOMS & TECHNOLOGY

Zim business social networking site launched

Bulawayo businesswoman Andile Mpala has upped her entrepreneurship gripped by launching a website that seeks to link many startup entrepreneurs with funders.The website - Entrener is a global innovati...

By Staff reporter | Published: 29 May 2018

TELECOMS & TECHNOLOGY

Chinese bank loan to NetOne to upgrade rural 4G

Zimbabwe's state-owned mobile operator NetOne is to expand its network in rural areas with the help of a $71 million loan from China.The company, which is a subsidiary of fixed-line incumbent TelOne, ...

By Staff reporter | Published: 29 May 2018

TRANSPORT & TOURISM

'Mugabe plane' flown back for repairs

Zimbabwe's new airline, Zimbabwe Airways - which has been linked to the family of ousted former president Robert Mugabe - has hit fresh controversy.This comes as the Daily News has been told that one ...

By Staff reporter | Published: 29 May 2018

CONSTRUCTION & PROPERTY

Dawn declares $0.275m dividend

Dawn Properties Limited has declared a final dividend of $274 860 in the full year to December 2017. The dividend, which translates to 0,0112 cents per share, comes after the property development firm...

By Staff reporter | Published: 29 May 2018

FINANCIAL SERVICES

AMG acquires South Africa-based Pagliari

ZIMBABWEAN businessman, Frank Buyanga's African Medallion Group (AMG) has taken control of South Africa-based, Pagliari Group, a subsidiary of Rand Refinery, which manufactures and supplies high qual...

By Staff reporter | Published: 29 May 2018

INDUSTRIALS & ENERGY

Employee defrauds Trek $42 000 diesel

A TREK Agriculture Petroleum employee has been taken to court for allegedly fleecing his employer of over $42 000 worth of diesel earmarked for use at the Agricultural and Rural Development Authority ...

By Staff reporter | Published: 29 May 2018

INDUSTRIALS & ENERGY

Cafca bemoans forex shortage for expansion

Cable manufacturing company, Cafca says its second half year performance hinges on the availability of foreign currency, as it joins a slew of companies whose operations are being hampered by persiste...

By Staff reporter | Published: 29 May 2018

MINING & RETAIL

Govt engages two firms to evaluate SMM dumps

GOVERNMENT has engaged two foreign firms to evaluate dumps at Shabanie Mashava Mines (SMM) as part of efforts to extract asbestos fibre and other minerals.Early this year SMM invited expressions of in...

By Staff reporter | Published: 29 May 2018

MINING & RETAIL

Caledonia to regain 80% stake in Blanket Mine

AIM-listed Caledonia Mining Corporation says employees at its Blanket Mine and the Gwanda community, from which it operates, will retain their shares as the firm plans to increase its stake in the Mat...

By Staff reporter | Published: 29 May 2018

LANDS & AGRICULTURE

Govt urged to realign Stop Order Act

GOVERNMENT has been urged to revisit the Farmers Stop Order Act, in order to protect contractors and all financial institutions against small scale tobacco farmers who are side-marketing their crops.C...

By Staff reporter | Published: 29 May 2018

MINING & RETAIL

Hwange boss denies resignation claims

A SHOWDOWN is looming between suspended Hwange Colliery Company Ltd managing director Thomas Makore and the board after he denied claims he had resigned.It has emerged Eng Makore only agreed to resign...

By Staff reporter | Published: 29 May 2018

FINANCIAL SERVICES

Mudavanhu appointed new CBZ Holdings CEO

CBZ Holdings Limited has appointed ormer Bancabc acting chief, Doctor Blessing Mudavanhu, as its new group chief executive officer.Dr Mudavanhu's appointment is with effect from June 1, 2018.He takes...

By Staff reporter | Published: 28 May 2018

FINANCIAL SERVICES

NMBZ's 2018 performance likely to be even better

NMBZ Holdings expects its 2018 performance to be even better than last year's, its chief executive, Mr Ben Washaya, told the group's annual general meeting last Thursday (May 24).He said already the o...

By Agencies | Published: 28 May 2018

TELECOMS & TECHNOLOGY

Telecel saga takes new twist

The topsy-turvy 40 percent ownership saga of Telecel Zimbabwe's shares, which are held by Empowerment Corporation (EC) has taken a new twist amid claims and counterclaims between the local grouping's ...

By Staff reporter | Published: 28 May 2018

MINING & RETAIL

Zimbabwe gold producers upbeat

Zimbabwe gold producers say the yellow-metal subsector has potential to rake in millions of dollars in export receipts, but requires a lot of capital to recapitalise operations.The southern African co...

By Staff reporter | Published: 28 May 2018
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