MINING & RETAIL

Zimbabwe to treble gold output

Zimbabwe will treble gold output to 100 tonnes in 12 years on the back of recapitalisation in the gold sector, the Chamber of Mines has said.Gold output is projected at 30 tonnes this year after the i...

By Staff reporter | Published: 28 June 2018

INDUSTRIALS & ENERGY

General Beltings' revenue up 23%

THE country's leading manufacturer of conveyor belts - General Beltings Holdings' revenue for the five months to May 2018 grew 23 percent on increased volumes across board.In a trading update volumes ...

By Staff reporter | Published: 28 June 2018

BUSINESS NEWS

United Refineries Limited adopts food fortification

GIANT agro-processor United Refineries Limited (URL) has adopted food fortification as part of its long term business model in keeping with the country's nutrition policy and global trends.Food forti...

By Staff reporter | Published: 28 June 2018

MINING & RETAIL

Zimbabwe gold production up

Zimbabwe's gold production is on an upward trend with 2.2 tonnes coming from small-scale miners whilst 1.2 tonnes coming from large-scale miners to give a total output of 3.4 tonnes for the month of M...

By Staff reporter | Published: 27 June 2018

CONSTRUCTION & PROPERTY

Construction firms, workers clash

Construction firms are on collision course with workers, who are threatening to strike and take legal action over a wage hike. The workers accuse the employers of reneging on an agreement reached in...

By Staff reporter | Published: 27 June 2018

INDUSTRIALS & ENERGY

Tongaat Hulett full-year revenue drops 8%

SUGAR manufacturing giant Tongaat Hulett's Hippo Valley Estates has reported an eight percent revenue decrease to $137 million in the full-year period to 31 March 2018 compared to $148,5 million in th...

By Staff reporter | Published: 27 June 2018

FINANCIAL SERVICES

Life assurance sector assets rise to $2,5bn

ASSETS in the life insurance industry have grown by 68 percent to $2, 52 billion in the past four years to 2017 on the back of a bull run experienced last year.Figures from the Insurance and Pension C...

By Staff reporter | Published: 27 June 2018

INDUSTRIALS & ENERGY

Hippo profit rises 42%

Profits for the Zimbabwe Stock Exchange-listed entity Hippo Valley Estates for the year to March 31, 2018 jumped 42 percent to $11 million compared with $7,7 million reported in the prior year despite...

By Staff reporter | Published: 27 June 2018

FINANCIAL SERVICES

Old Mutual anchoring in Africa relisting

Speech by Old Mutual Zimbabwe Group CEO and rest of Africa CEO - Mr Jonas MushoshoThank you, Director of Ceremonies,The Minister of Finance and Economic Development Hon. Patrick ChinamasaOld Mutual Z...

By Jonas Mushosho | Published: 26 June 2018

FINANCIAL SERVICES

Old Mutual Zim relists on ZSE

Old Mutual Zimbabwe has relisted on the Zimbabwe Stock Exchange (ZSE) as a part of a broader group strategy to focus its business in Africa.Yesterday, Old Mutual Plc's shares were suspended from the U...

By Staff reporter | Published: 26 June 2018

MINING & RETAIL

Mine compels Zesa to disconnect power

A CHINHOYI-BASED gold mine, Eldorado Mine recently successfully obtained a court order compelling the Zimbabwe Electricity Transmission and Distributing Company (ZEDTC) to disconnect power supply to i...

By Staff reporter | Published: 26 June 2018

TRANSPORT & TOURISM

NRZ eyes more agreements

THE National Railways of Zimbabwe (NRZ) is currently negotiating with some partners in the shipping line, with a view to signing more service level agreements to boost business, an official has said.L...

By Staff reporter | Published: 26 June 2018

LANDS & AGRICULTURE

Zimbabwe hosts tobacco growers' indaba

About 75 delegates from five tobacco-growing countries converge in Harare today to discuss challenges and threats facing the sector.The delegates will be drawn from Zimbabwe, Malawi, South Africa, Tan...

By Staff reporter | Published: 26 June 2018

LANDS & AGRICULTURE

Tobacco sales increase marginally

TOBACCO sales have recorded a 28,3 percent increase so far, raking in $592,3 million compared to $461,6 million earned during the same period last year.Latest data from the Tobacco Industry and Market...

By Staff reporter | Published: 26 June 2018

FINANCIAL SERVICES

'Banks to lead economic recovery'

Government is working with the Reserve Bank of Zimbabwe (RBZ) and other relevant bodies to ensure the country's banking sector is in a position to play key intermediary roles in the recovery of the ec...

By Staff reporter | Published: 26 June 2018

FINANCIAL SERVICES

Zimre conversion to boost revenue growth

Zimre Holdings Limited (ZHL) says conversion of proceeds from sale of Zimre Centre in Harare towards construction of the Victoria Falls Sawanga Mall, will enhance revenue growth for the firm in the fi...

By Staff reporter | Published: 26 June 2018

TRANSPORT & TOURISM

Zim steps up marketing efforts in UK

The Government has stepped up  marketing efforts in the United Kingdom (UK) as a way to regain the  tourism market in that country, a Cabinet Minister has said. Since the ushering in of a ne...

By Staff reporter | Published: 26 June 2018

FINANCIAL SERVICES

Mnangagwa opens women's bank

President Emmerson Mnangagwa has officially opened the Zimbabwe Women's Microfinance Bank (ZWMB), promising to soon announce comprehensive strategies to alleviate cash shortages in the economy.During ...

By Staff reporter | Published: 25 June 2018

TELECOMS & TECHNOLOGY

World Cup boosts Kwese iflix service

The Fifa 2018 World Cup tournament has been a boon for the uptake of Kwesé iflix, Econet Media's recently launched video-on-demand service, which offers top sports and entertainment content on mobile...

By Staff reporter | Published: 25 June 2018

INDUSTRIALS & ENERGY

Zim to launch second leather industry strategy

ZIMBABWE is set to launch its second leather industry strategy next month, which is expected to boost production in the region, a Common Market for Eastern and Southern Africa (Comesa) official has sa...

By Staff reporter | Published: 25 June 2018

INDUSTRIALS & ENERGY

ZNCC advocates enterprise development in schools

THE Zimbabwe National Chamber of Commerce (ZNCC) says enterprise development should be a major component of education in schools for the country to produce learners that would add value to the economy...

By Staff reporter | Published: 25 June 2018

TELECOMS & TECHNOLOGY

MultiChoice to train Zim filmmakers

MULTICHOICE Zimbabwe is looking for aspiring film directors, sound engineers, and scriptwriters to enter the MultiChoice Talent Factory (MTF) which offers them a chance to gain theoretical knowledge a...

By Staff reporter | Published: 25 June 2018

FINANCIAL SERVICES

Micro-finance firm raises $5 million capital

Micro-financE firm Untu Capital, has raised its targeted $5 million in an issuance of tradable bonds after successfully issuing the third and final tranche of $2 million on the Financial Securities Ex...

By Staff reporter | Published: 25 June 2018

CONSTRUCTION & PROPERTY

Complex shareholding stalls Zimre bundling

A complicated shareholding structure in Zimre Holdings Limited's regional subsidiaries is stalling the group's move to consolidate all of its operations in new offshore company, Emeritus International...

By Staff reporter | Published: 25 June 2018

FINANCIAL SERVICES

IPEC targets 7% insurance penetration

The Insurance and Pensions Commission (IPEC) is targeting insurance penetration to reach 7 percent by 2022 compared to the current 4,7 percent on the back of an anticipated economic growth. Zimbabwe r...

By Staff reporter | Published: 25 June 2018
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