INDUSTRIALS & ENERGY

National Foods launches new product

NATIONAL Foods will, this month, launch its new product - Mixed Grain - as it seeks to consolidate its position in the local market.National Foods sales manager, Sarudzai Muzorori told Southern Eye th...

By Staff reporter | Published: 08 May 2018

FINANCIAL SERVICES

ZHL bounces back to profitability

ZIMRE Holdings Limited (ZHL) has overturned its loss-making position by $4,36 million for the financial year ending December 31, 2017 on the back of cost reduction and an improvement in incomes from i...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

Govt intensifies drive to boost domestic tourism

GOVERNMENT is engaging tourism players with a possibility of reducing prices of hotel accommodation and activities to be affordable to locals as the drive to promote domestic tourism intensifies.Touri...

By Staff reporter | Published: 08 May 2018

MINING & RETAIL

Prospect Resources builds lithium plant in Kwekwe

ZIMBABWE has moved a step closer to lithium value addition, as enunciated by President Emmerson Mnangagwa, following installation of a pilot lithium carbonate plant in Kwekwe by Australian-listed mini...

By Staff reporter | Published: 08 May 2018

INDUSTRIALS & ENERGY

Sable Chemicals targets 30k tonnes fertiliser

Ammonium Nitrate (AN) manufacturer Sable Chemicals is targeting to produce about 30 000 tonnes of fertiliser ahead of the winter cropping season, an official has said.Sable Chemicals chief executive M...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

RBZ releases $450k daily for tobacco farmers

The Reserve Bank of Zimbabwe (RBZ) says it is disbursing $450 000 daily to banks with branches at tobacco auction floors to ensure farmers access cash.This comes following an outcry from farmers who a...

By Staff reporter | Published: 08 May 2018

MINING & RETAIL

Hwange mulls selling town, houses

The country's oldest coal mining firm, Hwange Colliery Company Limited (HCCL), is considering selling the town for $300 million as part of efforts to raise funds to off-set its obligations with a numb...

By Staff reporter | Published: 08 May 2018

MINING & RETAIL

Hwange requires $500m capital injection

Hwange Colliery Company Limited's (HCCL) management is set to meet Mr Nicholas van Hoogstraten, one of its major shareholders today to discuss possibilities of him injecting fresh working capital into...

By Staff reporter | Published: 08 May 2018

MINING & RETAIL

Zim miner to produce battery grade lithium

A Zimbabwean mining company is considering upgrading a local nickel refinery to produce battery grade lithium or alternatively build a new lithium carbonate plant at a cost of up to $150 million, its ...

By Reuters | Published: 07 May 2018

CONSTRUCTION & PROPERTY

ZPI declares $515 000 dividend

ZIMRE Property Investment Limited (ZPI) has declared a $515 000 dividend for the full year to December 31, 2018 spurred by a commendable performance during the period under review.This was after the p...

By Staff reporter | Published: 07 May 2018

TELECOMS & TECHNOLOGY

Mcebisi Jonas joins MTN board

MTN Group announced on Monday that former deputy finance minister Mcebisi Jonas and businesswoman Bajabulile Swazi Tshabalala have joined its board as independent non-executive directors.Jonas, 58, wh...

By Fin24 | Published: 07 May 2018

LANDS & AGRICULTURE

+70 Zim farmers in Zambia yearn to return home

Over 70 Zimbabwean white commercial farmers living in Zambia are yearning to return home and assist redevelop the agriculture sector in the once Southern African Development Community bread basket.The...

By Staff reporter | Published: 07 May 2018

TELECOMS & TECHNOLOGY

Econet hails broadcast license in Zimbabwe

Econet Media has received Zimbabwe government permission to broadcast television and video content in its home nation via its Kwesé TV division.The new licence covers video-on-demand, web casting and...

By Staff reporter | Published: 07 May 2018

TELECOMS & TECHNOLOGY

Mutambara pursues fourth industrial revolution

THE so-called fourth industrial revolution can only succeed if all sectors are involved in its approach, says academic and former deputy prime minister of Zimbabwe Professor Arthur Mutambara."The fou...

By African News Agency | Published: 07 May 2018

CONSTRUCTION & PROPERTY

US$ speculation drives property prices up

United States dollar exchange rate speculation has significantly driven up property prices in Zimbabwe's capital, Harare, as buyers move to hedge against the volatile bond notes. The latest Knight Fra...

By Staff reporter | Published: 07 May 2018

FINANCIAL SERVICES

Fidelity posts $1,3m loss on asset write-offs

Zimbabwe Stock Exchange-listed Fidelity Life Assurance tumbled to a loss of $1,3 million in 2017 against the restated profit of $6,4 million in the prior year attributed to shareholder asset write-off...

By Staff reporter | Published: 07 May 2018

TRANSPORT & TOURISM

DIDG / Transnet delegation tours NRZ facilities

A delegation from the Diaspora Infrastructure Development Group (DIDG)/Transnet Consortium was in the country last week for a due diligence engagement with the National Railways of Zimbabwe (NRZ) mean...

By Staff reporter | Published: 07 May 2018

FINANCIAL SERVICES

CBZ embraces digital banking

CBZ Bank has joined its peers in discarding manual or paper transactions and adopting digital transacting.The bank has given its customers up to May 31 to register with its digital platforms — "CBZ ...

By Staff reporter | Published: 07 May 2018

INDUSTRIALS & ENERGY

Millenium Footwear export deal falls through

BULAWAYO'S leading exotic shoe manufacturers, Millennium Footwear is stranded with 350 pairs of school shoes after a Zambian customer failed to pay for the order.The company's director Mrs Sikhangezok...

By Staff reporter | Published: 07 May 2018

TRANSPORT & TOURISM

Zim ready to regain tourism market share

Zimbabwe is set to participate at Africa's largest travel trade show, Travel Indaba, which starts in Durban, South Africa, tomorrow and ends on Thursday.The conference is aimed at promoting the Southe...

By Staff reporter | Published: 07 May 2018

MINING & RETAIL

Small-scale miners petition minister over Minerals Bill

The Confederation of Zimbabwe Miners (CZM) and Small Scale Miners of Zimbabwe have petitioned Mines and Mining Development Minister Winston Chitando and Parliament over Mine and Minerals Bill of 2015,...

By Staff reporter | Published: 07 May 2018

INDUSTRIALS & ENERGY

ChiNT heads to Zim for Gwanda solar

A HIGH-powered delegation from Chinese electrical engineering giant, CHiNT Electric, is expected in Harare this week for high level discussions with Government and Zesa aimed at unlocking funding for ...

By Staff reporter | Published: 07 May 2018

TRANSPORT & TOURISM

News twist to 'Mugabe planes' saga

Under-fire Transport minister Joram Gumbo has claimed that government kept the deal to register the new Zimbabwe Airways (Zim Airways) airline under wraps after advice that some former commercial whit...

By Staff reporter | Published: 06 May 2018

MINING & RETAIL

ZimAlloys $100m investment deal collapses

GWERU-based giant ferrochrome producer, Zimbabwe Alloys, judicial managers - Grant Thornton International - has terminated a $100 million investment deal which the chrome smelting company entered with...

By Staff reporter | Published: 06 May 2018

TELECOMS & TECHNOLOGY

Gombami ventures into ICT

UNITED States-based former footballer Owen Gombami has opened a web-based organisation that offers creative, innovative and affordable solutions to education in a bid to complement Government's effort...

By Staff reporter | Published: 06 May 2018
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