FINANCIAL SERVICES

Old Mutual declares dividend

Shareholders of integrated financial services group, Old Mutual Zimbabwe are smiling all the way to the bank after the groupdeclared a 7,11 cent per share at a time many companies are failing to rewar...

By Staff reporter | Published: 24 April 2018

TRANSPORT & TOURISM

CAAZ in airports upgrade drive

The Civil Aviation Authority of Zimbabwe (Caaz) is seeking financial advisors to help in the raising of funds for proposed capital projects at various airports across the country.It is understood that...

By Staff reporter | Published: 24 April 2018

FINANCIAL SERVICES

MetBank drags Harare to court over $1m debt

The Harare Municipal Medical Aid Society (HMMAS) is being sued by Met Bank Ltd for failing to repay a loan of $1 million.According to the lawsuit filed by Met Bank, HMMAS failed to pay back $1 037 283...

By Staff reporter | Published: 24 April 2018

BUSINESS NEWS

GML seeks national strategic status

KWEKWE-based explosives manufacturer GML Explosives has engaged Government seeking consideration to be granted national strategic company status.GML Explosives, formerly known as Dyno Nobel, is the on...

By Staff reporter | Published: 24 April 2018

BUSINESS NEWS

Wicknell Chivayo back at solar project site

PARLIAMENT heard yesterday that controversial businessman Wicknell Chivayo was back on the site earmarked for the Gwanda solar project at a time legislators were still investigating circumstances lead...

By Staff reporter | Published: 24 April 2018

FINANCIAL SERVICES

Ecobank profits surge 123%

ECOBANK Zimbabwe Limited has declared an interim $2.3 million dividend for the year ended December 31, 2017 after its profits surged by 123 percent to $22 million compared to $9.9 million in the prior...

By Staff reporter | Published: 24 April 2018

TELECOMS & TECHNOLOGY

NetOne extends operating hours

NetOne has extended operating times, with the country's second-biggest mobile phone operator's shops staying open for longer on Saturday, and opening for business on Sundays. On Saturday, the telecoms...

By Staff reporter | Published: 24 April 2018

Quton releases new cotton hybrid seed

Zimbabwe's major cotton seed producer Quton, has released new cotton hybrid seed with a higher yield potential compared to current non hybrid varieties, in a move that is set to revive the country's c...

By Staff reporter | Published: 24 April 2018

TELECOMS & TECHNOLOGY

Econet under fire over business deal

The Postal and Telecommunications Regulatory Authority (Potraz) has received a complaint against Econet Wireless Zimbabwe over allegations of possible unauthorised use of another company's interlectua...

By Staff reporter | Published: 24 April 2018

MINING & RETAIL

Chinese firm, Kamativi in $7m mine wrangle

Chinese company that reportedly invested $7 million in the mining of several minerals through a joint venture agreement has filed a High Court lawsuit against Kamativi, accusing it of making u-turn on...

By Staff reporter | Published: 24 April 2018

MINING & RETAIL

Zim is the last frontier for gold mining in Africa

CANADA based Caledonia Mining Corporation plans to acquire more gold assets in Zimbabwe and increase its stake in Blanket Mine near Gwanda.This follows renewed investor confidence in the country emana...

By Staff reporter | Published: 24 April 2018

MINING & RETAIL

Small scale gold miners produce 4.2 tonnes in Q1

Small scale gold miners have produced 4,2 tonnes of the yellow metal in the first quarter of this year, giving a positive projection that their target of 35 tonnes can be realised.Small scale gold min...

By Staff reporter | Published: 23 April 2018

MINING & RETAIL

Vast Resources CEO talk about Zim acquisition

Andrew Prelea, chief executive of Vast Resources PLC, tells Proactive's Andrew Scott they've acquired a 23.75% economic interest in the Eureka Gold Mine in Zimbabwe.Eureka is a modern mine originally ...

By Staff reporter | Published: 23 April 2018

MINING & RETAIL

Restructured Metallon guns for full capacity

THE country's biggest gold producer, Metallon Corporation says it wants four of its mining operations in Zimbabwe to reach their full production capacities this year.Metallon owns How Mine, Mazowe, Re...

By Staff reporter | Published: 23 April 2018

Zim first quarter mineral exports up 14%

Zimbabwe's mineral exports revenue in the first quarter to March this year rose 14 percent driven by sales in platinum group metals and nickel, latest statistics have shown. According to the Minerals ...

By Staff reporter | Published: 23 April 2018

TRANSPORT & TOURISM

Zimbabwe to launch Airbnb rival platform

THE government is in the process of developing an online product, a platform that will offer home stays and eateries for international tourists to choose from when visiting Zimbabwe.Speaking to NewsDa...

By Staff reporter | Published: 23 April 2018

LANDS & AGRICULTURE

Livestock farmers seek to re-establish Tuli breed

BEITBRIDGE indigenous livestock farmers are keen to re-establish the dominance of the Tuli breed of cattle, which originated from the western tip of their district.Tuli is the name of a beef cattle br...

By Staff reporter | Published: 23 April 2018

MINING & RETAIL

Caledonia plans Zimbabwe expansion

Caledonia Mining plans to buy gold assets in Zimbabwe and increase its stake in the Blanket mine after the removal of the country's tough ownership rules.Keen to attract investment to revitalise the c...

By Reuters | Published: 23 April 2018

TRANSPORT & TOURISM

NRZ capacity up 30%

THE National Railways of Zimbabwe (NRZ) has realised a capacity increase of at least 30% from the time it received the first batch of wagons and locomotives from the Diaspora Infrastructure Developmen...

By Staff reporter | Published: 20 April 2018

MINING & RETAIL

Mujuru diamond mine battle erupts

THE Zimbabwe Diamond Consolidated Company (ZCDC) has made moves to acquire Limpopo Mining Resources also known as River Ranch Mine, previously linked to the late army general Solomon Mujuru, for a pal...

By Staff reporter | Published: 20 April 2018

MINING & RETAIL

$4,2bn platinum deal dodgy venture

QUESTIONS are being raised over Karo Resources Limited's US$4,2 billion platinum investment deal signed by government last month as it emerged that the company has a dodgy background and dual registra...

By Staff reporter | Published: 20 April 2018

INDUSTRIALS & ENERGY

$100 000 macimbi processing plant for Beitbridge

THE African Development Bank has set aside $100 000 to support a mopani worm (macimbi)-processing centre wholly-owned by women in Beitbridge.The International Labour Organisation (ILO) is providing th...

By Staff reporter | Published: 20 April 2018

FINANCIAL SERVICES

Banks on course to meet RBZ threshold

A MAJORITY of listed banks are on track to achieving the prescribed Reserve Bank of Zimbabwe (RBZ) minimum capital requirement of $100 million by 2020 with some having already surpassed the threshold....

By Staff reporter | Published: 20 April 2018

INDUSTRIALS & ENERGY

Starafrica converts $46m debt into equity

Sugar producer Starafricacorporation has converted more than $46 million of the company's balance sheet. This was after creditors saw it fit to convert their debt into ordinary shares in the strugglin...

By Staff reporter | Published: 20 April 2018

TELECOMS & TECHNOLOGY

Econet shares up 24.2% in week of frenzied buying

Shares of Econet have shot 24,2 percent in a week of frenzied buying, spurred by expectations of strong full-year earnings. The stock soared to 86 cents on April 17 from 70 cents a week earlier. It ro...

By Econet | Published: 20 April 2018
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