FINANCIAL SERVICES

First Mutual properties revenue declines

First Mutual Properties, a subsidiary of First Mutual Holdings, posted reduced revenues for the year ended December 31, 2017 as the sector suffered from increased voids and downward reviews on rentals...

By Staff reporter | Published: 26 March 2018

MINING & RETAIL

'Nacala Corridor can benefit Hwange Colliery'

ZSE-listed coal miner Hwange Colliery Company Ltd (HCCL) should consider utilising the Nacala Logistics Corridor, from which it can accrue significant benefits from the wider coal beneficiation value ...

By Staff reporter | Published: 26 March 2018

MINING & RETAIL

Makomo battling $10m forex hole

Coal production at the country's largest coal miner Makomo Resources has plunged as much as 36 percent since the beginning of the year as activity dropped due to a serious shortage of foreign currency...

By Staff reporter | Published: 26 March 2018

MINING & RETAIL

Shabanie workers in near destitution

While it is rare to see a grown up man crying in front of people he doesn't even know, there was no holding back of tears for the majority of ex-Shabanie Mashava Mines workers (SMM) as they narrated s...

By Staff reporter | Published: 25 March 2018

FINANCIAL SERVICES

Nedbank Zimbabwe promises fireworks

Nedbank Zimbabwe (formerly MBCA Bank) says the changeover will be twinned with a mix of "agility" and "responsiveness" to market needs, as it mounts a new plan to improve competitiveness.Managing dire...

By Staff reporter | Published: 25 March 2018

LANDS & AGRICULTURE

Crocodile skin prices buoy Padenga

Crocodile skins and meat producer, Padenga Holdings, yesterday reported a 53 percent increase in profit after tax for the year ended December 31, 2017, buoyed by firming prices.The group reported a pr...

By Staff reporter | Published: 25 March 2018

MINING & RETAIL

Retailers feel forex pinch

THE Confederation of Zimbabwe Retailers (CZR) says continued foreign currency shortage is dampening efforts to revive the local industry despite various import substitution interventions implemented b...

By Staff reporter | Published: 25 March 2018

LANDS & AGRICULTURE

Umzingwane dairy seeks to increase production

UMZINGWANE Dairy Co-operative Society Limited in Matabeleland South Province is working on increasing both its dairy herd and milk production densities as it forges ahead to ensure the viability of it...

By Staff reporter | Published: 25 March 2018

BUSINESS NEWS

Strong US$ dampens PPC's export prospects

A FIRMER United States dollar has dampened Portland Pretoria Cement Zimbabwe (PPCZ)'s prospects of penetrating potential lucrative regional markets, an official said.PPC Zimbabwe managing director Mr ...

By Staff reporter | Published: 25 March 2018

MINING & RETAIL

Bikita banks on lithium

Bikita Minerals CEO Grant Hudson's face glows whenever he speaks of the journey his company is about to embark on: spodumene mining.The high-value mineral is highly sought after worldwide as it contai...

By Staff reporter | Published: 25 March 2018

LANDS & AGRICULTURE

Buyers mobilise $900m for tobacco

International tobacco buyers are expected to mobilise between US$800 to US$900 million to buy the crop this year, a move expected to boost foreign currency inflows into the country, The Sunday Mail Bu...

By Staff reporter | Published: 25 March 2018

TRANSPORT & TOURISM

fastjet spreads wings to new routes

LOW-COST airline, fastjet is working on opening new routes as it seeks to spread its wings in the region.Basking in the glory of being named Africa's best value airline for its service of excellence a...

By Staff reporter | Published: 25 March 2018

MINING & RETAIL

Zimbabwe's $4,2bn game changer, 90 000 jobs

WHILE the market is still digesting the meaning and implications of the $4, 2 billion platinum deal that was sealed by Government on Thursday last week, judging by the envisaged scope and scale of the...

By Staff reporter | Published: 25 March 2018

TRANSPORT & TOURISM

DHL Aviation upgrades Harare service

DHL Aviation, a division of DHL Express responsible for providing air transport capacity, has upgraded its services to Harare.On Friday 23 March German logistics firm DHL upgraded its Harare service t...

By Shenjere | Published: 23 March 2018

MINING & RETAIL

Sabi Mine ramps up gold production

SABI Gold Mine in Zvishavane has ramped up production to 35kg per month on the back of capital injection from its new partner, Chandiwana Mining Corporation.The mining firm resumed operations last yea...

By Staff reporter | Published: 23 March 2018

LANDS & AGRICULTURE

Arda drives pecan nut growing in Matebeleland

FARMERS in Matabeleland region could generate huge foreign currency earnings through pecan nut growing with a single tree being able to give farmers proceeds of up to $150 per year.The Agricultural an...

By Staff reporter | Published: 23 March 2018

LANDS & AGRICULTURE

Kapenta fishing for Tokwe-Mukosi Dam

THE Zimbabwe Parks and Wildlife Management Authority has launched a kapenta fish project at Tokwe-Mukosi Dam where about 100 000 fingerlings have been put for breeding.The initiative buttresses the co...

By Staff reporter | Published: 23 March 2018

FINANCIAL SERVICES

CBZ to avail additional $10m for SMEs loans

ZIMBABWE's largest banking group, CBZ Holdings, will this year avail an additional $10 million loan facility to Small and Medium Enterprises (SMEs) as it seeks to consolidate its support to one of the...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Three Monkeys sets record straight

THREE Monkeys, a restaurant in Victoria Falls whose directors initially refused to comment in stories reported by B-Metro have reached out through lawyers to "correct inaccuracies".While admitting tha...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Gwayi coal mine under Parly spotlight

MAGWEGWE legislator Anele Ndebele on Wednesday grilled Mines minister Winstone Chitando in the National Assembly for allowing Liberation Coal Mine to extract coal near the Gwayi-Shangani Dam, saying t...

By Staff reporter | Published: 23 March 2018

BUSINESS NEWS

Zimbabwe spends $80m on rice importation

ZIMBABWE expects to start commercial rice production in the next season or two as the country moves to cut annual rice importation expenditure of over $80 million, a senior Government official has sai...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Three Monkeys head chef cries racism in court

THE head chef at up-market Victoria Falls restaurant - Three Monkeys says he was in court because of a racially driven agenda.Gregory Uwe Mario Paymans (30) said that when pleading not guilty to assau...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Chitando under fire over Hwange Colliery

LEGISLATORS yesterday took Mines minister Winstone Chitando to task over the plight of Hwange Colliery workers saying since he had failed to resolve the impasse, he should refer the matter to Presiden...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Miners fret over $50m loan facility

Small-scale miners have bemoaned the failure by government to disburse the $50 million loan facility to support local companies involved in the manufacturing of mining and mineral processing equipment...

By Staff reporter | Published: 23 March 2018

MINING & RETAIL

Miner calls for exploration incentive

The world's sole commercial petalite miner, Bikita Minerals, has urged government to offer incentives to companies who do exploration.Bikita Minerals chief executive officer Grant Hudson told NewsDay ...

By Staff reporter | Published: 23 March 2018
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