LANDS & AGRICULTURE

Zim farmers urged to grow sesame seeds

Local farmers have been urged to grow sesame seeds for export with indications that global imports of the oldest oilseed crop raked in $2,2 billion in 2017.Sesame seed is one of the oldest oilseed cro...

By Staff reporter | Published: 19 July 2018

TRANSPORT & TOURISM

Victoria Falls airport attracts more airlines

VICTORIA Falls International Airport is overwhelmed by visitors, a development that has seen some airlines either increasing frequency or introducing bigger planes to meet demand.The new look facility...

By Staff reporter | Published: 19 July 2018

FINANCIAL SERVICES

EcoSure Moovah comes to town

Telecoms giant Econet has launched an innovative short-term motor vehicle insurance service, EcoSure Moovah. The service will offer vehicle insurance cover, ZINARA and ZBC licence discs - as well as f...

By Staff reporter | Published: 19 July 2018

BUSINESS NEWS

Black market rates hit 100% ceiling, why and how?

PARALLEL market rates have finally hit 100% when using EcoCash or bank transfers to buy the greenback, the first time they have reached such a rate since dollarisation and the main question now is how...

By Staff reporter | Published: 18 July 2018

INDUSTRIALS & ENERGY

Seed Co unbundling 71% in Seed Co International

SEED Co Limited board has proposed to its shareholders to partially unbundle 71% of its Seed Co International Limited shares by way of a pro rata dividend-in-specie distribution as part of a strategy ...

By Staff reporter | Published: 18 July 2018

TRANSPORT & TOURISM

Air Zimbabwe offers reward package

AIR Zimbabwe has launched a promotion where customers get a free flight after every four flights to boost trade and domestic tourism.The promotion, dubbed "#Fly4Free," was launched last Friday and wil...

By Staff reporter | Published: 18 July 2018

INDUSTRIALS & ENERGY

Stop exporting raw hides, Comesa told

ZIMBABWE and her peers within the Comesa region should stop exporting raw hides and scale up value-addition initiatives in order to benefit from the $130 billion global leather industry, the programme...

By Staff reporter | Published: 18 July 2018

LANDS & AGRICULTURE

SeedCo to raise $19,2m for regional expansion

Regional seed manufacturer Seed Co Limited seeks to raise $19 million through a partial unbundling, which will also result in separate listings of its regional operations. The seed producer wants to u...

By Staff reporter | Published: 18 July 2018

MINING & RETAIL

Govt to open Sengwa Coal Mine

Government will soon open Gokwe's Sengwa Coal mine as the country seeks to expand energy and electricity generation sources that is critical to the resuscitation of industries in the country, Vice Pre...

By Staff reporter | Published: 18 July 2018

MINING & RETAIL

Chrome production tumbles

Zimbabwe's chrome production has come under heavy scrutiny with several constraints being cited as reasons for low productivity levels.It emerged during a consultative meeting on chrome in Harare toda...

By Staff reporter | Published: 17 July 2018

MINING & RETAIL

Zimbabwe's gold output hits 10-year high

Gold output in Zimbabwe has generated close to a billion dollars in foreign currency receipts in the first six months of this year, the highest level in 10 years, thanks to higher production from smal...

By Staff reporter | Published: 17 July 2018

MINING & RETAIL

MMCZ to set up chrome price control team

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will soon establish a price-regulating team to control chrome prices for the international and domestic markets.Speaking at a chrome small...

By Staff reporter | Published: 17 July 2018

BUSINESS NEWS

Cigar wrapper farming lucrative business

Tobacco farmers in Burma valley have now shifted to cigar wrapper farming so they could receive direct payments into their accounts for their crop.Tobacco Industry Marketing Board spokesperson Isheune...

By Staff reporter | Published: 17 July 2018

INDUSTRIALS & ENERGY

Merlin finalising $5m funding facility with govt

TEXTILE company, Merlin, expects to finalise arrangements on the $5 million funding facility from government in the next "few" weeks, an official has said.In his progress update report presented at th...

By Staff reporter | Published: 17 July 2018

TELECOMS & TECHNOLOGY

Broaden access to ICTs, Potraz challenged

President Mnangagwa has challenged the Postal and Telecommunications Regulatory Authority (Potraz) to be more transparent in the deployment of the universal services fund (USF) to ensure broader acces...

By Staff reporter | Published: 17 July 2018

TRANSPORT & TOURISM

Meikles to expand Victoria Falls Hotel

Hospitality group, Meikles Limited, intends to expand its Victoria Falls Hotel in the resort town as it positions itself to capitalise on the anticipated boon in the tourism sector driven by the expec...

By Staff reporter | Published: 17 July 2018

MINING & RETAIL

12 mining firms granted prospecting orders

The Mines and Minerals ministry has granted eight mining companies with exclusive prospecting orders for a period of three years while four companies have been granted special grants for the same peri...

By Staff reporter | Published: 16 July 2018

INDUSTRIALS & ENERGY

NatPharm looks for hospital equipment

State-run National Pharmaceutical Company of Zimbabwe (NatPharm) is seeking bidders for the supply, installation and commissioning of Intensive Care Unit (ICU) equipment. In a Government Gazette publi...

By Staff reporter | Published: 16 July 2018

MINING & RETAIL

Meikles profits rise 225%

Zimbabwe Stock Exchange listed conglomerate, Meikles Limited, says pretax profits for the year ended March 31, 2018 grew by 225 percent to $19,2 million, from $5,9 million during the prior comparable ...

By Financial Gazette | Published: 16 July 2018

TELECOMS & TECHNOLOGY

Masiyiwa inks Cape to Cairo fibre network deal

Telecom Egypt has signed a memorandum of understanding with Liquid Telecom to enable the pan-African group to complete Africa's terrestrial fibre network stretching across the African continent, the c...

By Reuters | Published: 16 July 2018

INDUSTRIALS & ENERGY

Preps for Hwange expansion underway

PRELIMINARY works for the $1,5 billion Hwange Thermal Power Station expansion project have begun with engineers already onsite undertaking geo-technical surveys and site clearance, an official said.La...

By Staff reporter | Published: 16 July 2018

TRANSPORT & TOURISM

Peace dividend boosts tourism sector

THE Zimbabwe Tourism Authority (ZTA) says the peaceful environment prevailing in Zimbabwe should continue beyond the election period to consolidate the positive trajectory being experienced in the tou...

By Staff reporter | Published: 16 July 2018

TRANSPORT & TOURISM

Mugabe's planes ready to fly

Government says one of the four long-haul planes acquired from Malaysia, the Boeing 777-200ER, has no mechanical problems and was only taken back to Kuala Lumpur for routine maintenance, which is a pr...

By Staff reporter | Published: 16 July 2018

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
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