Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned U.S. sanctions against Iran that are likely to restrict crude oil exports from one of the biggest producers in the Mi...
The Zimbabwe Newspapers (1980) Ltd has been granted a television broadcasting licence by the Broadcasting Authority of Zimbabwe. This makes the media house the first and only fully integrated media ho...
Fixed phone operator TelOne has fallen victim to massive theft of copper cables, with the latest being the looting of a 1 200m pair cable feeding a major section of the Harare's central business distr...
HWANGE Colliery Company has suspended its managing director Thomas Makore to facilitate an investigation into allegations of insubordination, sources have revealed. But the company said the suspension...
Over 100 million kilogrammes of tobacco worth $289,8 million have been sold by farmers since the opening of the season.The tobacco was sold at an average price of $2,87 per kilogramme. According to th...
China's Sinosteel Corporation has agreed to invest $1-billion in Zimbabwe to build a power plant and increase ferrochrome output, the Southern African country's President Emmerson Mnangagwa said on Mo...
PROTON Bakers says it has recorded 400 percent growth in sales in Bulawayo alone where it has created 153 jobs, a year after entering the market in the southern region.The Marondera-headquartered firm...
TEXTILE giant, Merlin, has filed a High Court application seeking to dispose obsolete and non-core assets to raise additional working capital.The Bulawayo-based company, which presently is under judic...
TRANSPORT and Infrastructural Development Minister Dr Joram Gumbo says the $70 million Malaysian plane deal will go a long way in improving the aviation industry and supporting efforts to open up the ...
Caledonia Mining Corporations says it is on course to achieve gold production output of 80 000 troy ounces (about 2,4 tonnes) by 2021 at its Blanket Mine, although production during the quarter to Mar...
Harare digital money exchange Golix.com has suspended plans to raise $35,8 million through an Initial Coin Offering (ICO) until further notice, after the Reserve Bank of Zimbabwe (RBZ) effectively shu...
Zimbabwe and Sinosteel of China have signed a memorandum of understanding (MOU) to the tune of $1.01 billion for the mining of ferrochrome and coal bed methane in Matabeleland North Province.Projects ...
A Dutch firm has engaged the Zimbabwe government on intentions to set up a factory in Zimbabwe to value-add cannabis for medicinal purposes.There has been an overwhelming response from people and comp...
Government has awarded the State-owned telecoms firm TelOne a broadcasting licence, allowing the company to offer video on demand services.TelOne announced the news yesterday in one of the State-run n...
Zimbabwe's financial sector will soon revive long-term loans for the industry as the central bank is finalising affordable offshore credit line facilities with regional and global banks. &n...
Lucky subscribers of NetOne's mobile money service, OneMoney, have been paid back the money they used to pay school fees through the service, as part of a promotion being run by the mobile network ope...
THE Ministry of Mines and Mining Development has set a target of producing 75 tonnes of gold annually in the next five years as Government seeks to boost reserves and increase mining sector earnings.G...
THE Parliamentary Portfolio Committee on Finance and Economic Development has demanded validation of the $500 million Zisco debt to authenticate the arrears before Government takes over the firm's lia...
ZIMBABWE'S top resort town, Victoria Falls, has received a record number of tourists and healthy forward bookings, according to Africa Albida Tourism (AAT).AAT chief executive, Ross Kennedy, said mont...
HWANGE Colliery Company Limited (HCCL) says it is targeting to increase its coal production by 29.3 percent to 300 000 tonnes per month by June this year as it continues to pursue its scheme of arrang...
Zambia's leading airline, Proflight Zambia, is set to introduce flights between Harare and Lusaka during the first week of July.Civil Aviation Authority of Zimbabwe public relations and communications...
CANADIAN investors are scouting for business opportunities in Guruve in a bid to secure 10 000 hectares of land for marijuana farming due to the area's favourable climatic conditions.Discussions are a...
GLOBAL electrical engineering giants, China Power and United States incorporated General Electric (GE), have launched a joint bid for a contract to construct the 2 400-megawatt Batoka Gorge hydropower...
Zimbabwe's gold production is projected to rise to a record 30 tonnes year as producers' ramp up output, Finance and Economic Planning minister Patrick Chinamasa has told Parliament.Chinamasa said gol...
Foreign currency raised from this year's tobacco sales has not improved Zimbabwe's liquidity position because of the significant increase in the fuel import bill caused by a hike in international oil ...