MINING & RETAIL

Lithium rush to raise commodity risk exposure

PLANS to expand Zimbabwe's lithium operations could increase the country's commodity risk exposure, the World Bank has said.In a report published last month, the World Bank said the southern African c...

BUSINESS NEWS

ZESA saves $1m by curbing power thefts

ZESA Holdings has managed to save revenue amounting to $998 228,87 after successfully implementing pro-active and reactive strategies to curb illicit losses.The power utility's public relations manage...

MINING & RETAIL

ENR courts lithium mines

KADOMA-based base metals processor, Empress Nickel Refinery (ENR), says it is eying huge opportunities for toll processing that has emerged in Zimbabwe's new lithium mines.Lithium has emerged as one o...

TELECOMS & TECHNOLOGY

Non-residents dominate Zim patent applications

A NEW report by the United Nations Conference on Trade and Development (Unctad) has established that better intellectual property protection established under international treaties does not necessari...

MINING & RETAIL

'Govt violated mining law,' says Chitando

THE Ministry of Mines has been violating an important mining legislation on the protection of precious mining titles resulting in miners using cash to renew titles, Mines Minister Winston Chitando has...

MINING & RETAIL

Chrome sector bullish

THE Zimbabwe chrome sector performed above expectations during the first quarter of 2018, with concentrates raking in $54,2 million as at April 30 compared to $33,2 million in export revenue earned du...

TELECOMS & TECHNOLOGY

Battle for Telecel control intensifies

TELECEL and Empowerment Corporation (EC) shareholder Gerald Mlotshwa has called for the reconvening of last year's inconclusive extraordinary general meeting (EGM) to adopt the resignation of EC chair...

Mines requires $11 billion

The country's mining industry requires about $11 billion to ramp up production and sustain operations in the next five  years, the Chamber of Mines of Zimbabwe (CoMZ) said last week, as it projec...

TRANSPORT & TOURISM

NRZ's $400m mega deal equipment incompatible

NRZ is facing a crisis owing to the incompatibility of railway equipment received under the $400 million Diaspora Infrastructure Development Group (DIDG) deal. Sources at the company said some of the ...

MINING & RETAIL

Mining speculators invade Great Dyke

THE politically well-connected Cypriot Pouroulis family - which is close to President Emmerson Mnangagwa - and is associated with speculation in mining has hit the jackpot in Zimbabwe.After clinching ...

BUSINESS NEWS

Zanu-PF disowns 'reckless' Mukupe utterances

Government yesterday described as "reckless, unlawful and contemptuous" the recent statement by Finance deputy minister Terrence Mukupe that the military would not allow MDC-T presidential candidate, ...

MINING & RETAIL

Forex shortage a blot on OK Zimbabwe's revenue

Retail giant, OK Zimbabwe says it was forced to raise prices in the past year due to cost of sourcing foreign currency, as cash shortages continue to haunt the economy.In its results for the year endi...

INDUSTRIALS & ENERGY

'New Zisco plant will be cheaper'

GOVERNMENT should facilitate that Zisco investors set up a new plant which will be cheaper than resuscitating old furnaces, Mines and Energy Parliamentary Portfolio Committee chairperson, Mr Temba Mli...

MINING & RETAIL

OK Zimbabwe posts $16 million profit

RETAIL giant, OK Zimbabwe Limited, has posted an impressive $16,6 million profit for the full year period ended 31 March 2018 up from $6,1 million recorded in the same period last year.Revenue grew 23...

LANDS & AGRICULTURE

Grace Mugabe's dairy faces eviction

ALPHA Omega Dairy (Private) Limited, a company owned by former President Mr Robert Mugabe and his family, is facing eviction from its Harare offices over failure to pay rent.The dairy firm operates fr...

INDUSTRIALS & ENERGY

Zisco deal at advanced stage

GOVERNMENT is now fine - tuning the implementation matrix of the $1 billion investment into the Zimbabwe Iron and Steel Company (Zisco), once a top steel firm on the continent.Zisco shut down operatio...

LANDS & AGRICULTURE

Lifeline for white Zimbabwean farmers

WHITE commercial farmers who did not vacate their farms during the fast-track land reform should regularise their stay on those farms to enable them to access 99-year leases.Chairperson of the Zimbabw...

TRANSPORT & TOURISM

UNWTO boosts for Zim tourism

The United Nations World Tourism Organisation (UNWTO) has pledged to back the ongoing identification and enshrinement of Zimbabwe's cultural and historical sites to help revive the tourism sector whic...

TELECOMS & TECHNOLOGY

TelOne in client service campaign

DIVERSIFIED telecommunications firm, TelOne, has launched a client experience improvement campaign through which it is rallying staff members to deliver top-drawer services to clients.The move is aime...

INDUSTRIALS & ENERGY

ZPC needs $43m for Deka project

The Zimbabwe Power Company (ZPC) now needs $48 million to finance construction of the Deka Water Pipeline project, which supplies cooling water to Hwange Power Station, after an independent review of ...

TELECOMS & TECHNOLOGY

Zim embarks on broadband connectivity upgrade

ZIMBABWE'S sole fixed telephone operator, TelOne, has embarked on converged network upgrade aimed at enabling customers realise faster broadband connectivity.The state-owned fibre-optic operator said ...

LANDS & AGRICULTURE

FSG questioned over $69m fertiliser deal

FERTILISER, Seed Grain (FSG) managing director, Steve Morland was yesterday questioned by Parliament over how his company got the contract to supply fertiliser to the presidential input scheme, with l...

MINING & RETAIL

Chrome ore spurs minerals sales

MINERAL sales by volume increased by 29% to 592 179 metric tonnes (mt) in the first four months of the year, with most minerals registering a growth, statistics from the Minerals Marketing Corporation...

INDUSTRIALS & ENERGY

Call for scrap metal exports ban

SCRAP METAL exports have seriously curtailed industrial production of gold processing equipment and spare parts produced by local foundries, manufacturers in the sector have said.Local foundries have ...

TELECOMS & TECHNOLOGY

Nasty fight rocks Telecel

A NASTY fight has erupted in Telecel Zimbabwe as it emerged that one of the shareholders and Empowerment Corporation (EC) chairman, James Makamba, is allegedly trying to push out prominent lawyer Gera...