MINING & RETAIL

Zimbabwe mineral exports up 12%

MINERAL exports revenue jumped 12% to US$372,5 million in the first quarter of the year (Q1) compared to US$332,4 million in the same period in 2017 driven by increased tonnage output.Figures released...

By Staff reporter | Published: 20 April 2018

MINING & RETAIL

General Electric among five shortlisted by RioZim

New York Stock Exchange (NYSE) listed conglomerate, General Electric, is among five foreign investors that diversified Zimbabwe Stock Exchange (ZSE) listed miner RioZim hasshort-listed to develop its ...

By Staff reporter | Published: 20 April 2018

TRANSPORT & TOURISM

Vic Falls tourist arrivals surge 20.7%

Victoria Falls continues to be dominant as the country's major tourist attraction centre after recording 20,7 percent rise in arrivals during Easter Holidays compared to the same period last year. Sta...

By Staff reporter | Published: 20 April 2018

INDUSTRIALS & ENERGY

Lager beer volumes increase by 51%

SABMiller's Zimbabwe affiliate reported a 51 percent increase in annual volume of lager beer.Delta Corporation, which is 38 percent owned by global brewing giant SABMiller said in a trading statement ...

By Staff reporter | Published: 19 April 2018

TELECOMS & TECHNOLOGY

TelOne, Udugu power Zim start-ups

Converged communication systems service provider, TelOne has set its sights on powering the next generation of innovation in the country by partnering with young entrepreneurs in a ground-breaking sta...

By Staff reporter | Published: 19 April 2018

MINING & RETAIL

Army's mining activities under the spotlight

Defence secretary Martin Rushwaya is today expected to appear in Parliament for grilling over the army's mining activities in the Chiadzwa diamond fields.Rushwaya was initially scheduled to appear bef...

By Staff reporter | Published: 19 April 2018

MINING & RETAIL

57.6% rise in gold deliveries

ZIMBABWE'S gold deliveries surged 57,6 percent in the first quarter of 2018 to 7,3 tonnes compared to 4,63 tonnes during the same period last year.Gold output in the first quarter of 2017 was largely ...

By Staff reporter | Published: 19 April 2018

MINING & RETAIL

River Ranch seeks removal from liquidation

RANI Investments LLC, majority shareholder in, Limpopo Mining Resources (Pvt) Limited (LMR), has filed an application with the High Court seeking removal from liquidation due to a change in circumstan...

By Staff reporter | Published: 19 April 2018

INDUSTRIALS & ENERGY

Chiyangwa's Zeco remains in the red

Listed engineering firm, Zeco Holdings, said it losses widened to $2,1 million in the full year to December 2017 from $1,3 million in 2016. In the period under review, the group generated revenues of ...

By Staff reporter | Published: 19 April 2018

TELECOMS & TECHNOLOGY

Zimbabwe expects boom in telecomms sector

The government is expecting a boom in the country's telecommunications sector following reforms that will see three state owned utilities being partially privatised.The second quarter performance of t...

By Staff reporter | Published: 18 April 2018

TELECOMS & TECHNOLOGY

TelOne cuts interest on bills

STATE-OWNED telecoms operator TelOne has reduced the interest rate it had been charging on outstanding bills for businesses backdating to 2009 to 0,04%, the Zimbabwe National Chamber of Commerce (ZNCC...

By Staff reporter | Published: 18 April 2018

MINING & RETAIL

Hwange calls off exploration deal?

Hwange Colliery Company Limited (HCCL) has suspended negotiations concerning a material transaction, which was going to have an effect on the price of the company's shares, had it been concluded.The Z...

By Staff reporter | Published: 18 April 2018

TELECOMS & TECHNOLOGY

Powertel, Africom and ZARnet to merge

State enterprises Powertel, Zarnet (Zimbabwe Academic and Research Network) and Africom were announced to be merging by Finance Minister Patrick Chinamasa. Most readers will be familiar with Powertel ...

By Staff reporter | Published: 17 April 2018

FINANCIAL SERVICES

Golix expands to South Africa

Zimbabwe's leading cryptocurrencies exchange, Golix, has coordinated a partnership with Blockstarters, South Africa's crypto/blockchain hub and incubator, in a move that will see the exchange tapping ...

By Staff reporter | Published: 17 April 2018

FINANCIAL SERVICES

Zimnat launches affordable life policy

Zimnat Life Assurance has launched the Zimnat Security Plan, an exciting and affordable life assurance policy which provides life cover of $10 000 from as little as $14,67 per month, depending on the ...

By Mike Hamilton | Published: 17 April 2018

TRANSPORT & TOURISM

flyafrica fails to take off again

Low-cost airline Fly Africa which was set to resume the Harare-Johannesburg flights failed to take off again on Sunday and today as advertised.The airline had announced that Harare-Johannesburg, as we...

By Staff reporter | Published: 17 April 2018

TELECOMS & TECHNOLOGY

Makamba on the ropes

Brainworks Capital founder and former director George Manyere has moved to claim $2,75 million owed by businessman Dr James Makamba's investment vehicle Kestrel Corporation, which was securitised by s...

By Staff reporter | Published: 17 April 2018

INDUSTRIALS & ENERGY

Delta revenue jumps 18%

ZIMBABWE Stock Exchange listed beverage manufacturer, Delta Corporation, revenue grew by 18 percent in the year to March 2018 driven by growth in larger, sparkling beverages and sorghum beer volumes, ...

By Staff reporter | Published: 17 April 2018

TRANSPORT & TOURISM

Air Zimbabwe feels the heat

AIR ZIMBABWE, whose management has been publicly attacked by Government for mismanagement, says it will be on the road to recovery once it has fully implemented its strategic turnaround plan to be rol...

By Staff reporter | Published: 17 April 2018

MINING & RETAIL

Moti Group agreeable to selling shares in Zim

SOUTH Africa's Moti Group will consider selling shares in its Zimbabwean chrome mining operations if Government pushes ahead with the proposal.Zimbabwean policymakers are debating a bill that will req...

By Bloomberg | Published: 17 April 2018

BUSINESS NEWS

March inflation drops to 2.68%

ZIMBABWE'S annual rate of inflation for March shed 0,3 percentage points on the February figure to 2,68 percent, the Zimbabwe National Statistics Agency (ZimsStat) reported."This means that prices as ...

By Staff reporter | Published: 17 April 2018

INDUSTRIALS & ENERGY

Zim puts wind energy plan on hold

ZIMBABWE has put on hold plans to undertake a wind resource measurement exercise on three sites with highest energy potential, as the price bids received from companies that tendered to carry out the ...

By Staff reporter | Published: 17 April 2018

TRANSPORT & TOURISM

'NRZ joint venture agreement end of May'

THE $400 million recapitalisation deal between the National Railways of Zimbabwe (NRZ) and the Diaspora Investment Development Group (DIDG)/Transnet Consortium is well on course, with the joint ventur...

By Staff reporter | Published: 17 April 2018

LANDS & AGRICULTURE

Tobacco farmers hail payment in forex

Tobacco farmers have welcomed Government's decision to pay them part of their money in foreign currency.The growers are entitled to a cash withdrawal of $300 per sale from banks operating at the aucti...

By Staff reporter | Published: 17 April 2018

MINING & RETAIL

Agarwal hires AngloGold's CEO to run Vedanta

Indian billionaire Anil Agarwal's Vedanta Resources named AngloGold Ashanti's Srinivasan Venkatakrishnan as its new chief executive officer as the diversified miner ended a year-long search for a new ...

By Staff reporter | Published: 16 April 2018
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