TELECOMS & TECHNOLOGY

Liquid Telecoms to raise cash through IPO

Econet Group subsidiary Liquid Telecom has appointed three global banks to begin a process of listing the company on a major European Exchange. Leading publication TMT Finance, which tracks potential ...

By Business Weekly | Published: 23 March 2018

MINING & RETAIL

No dispute in historic $4bn platinum deal

Mines and Mining Development Minister Winston Chitando yesterday said the land that has been allocated to Karo Resources - which intends to roll-out a $4,2 billion platinum mining project in the Mhond...

By Staff reporter | Published: 23 March 2018

FINANCIAL SERVICES

NMBZ achieves $10 million after-tax profit

NMBZ Holdings' profit before taxation for the year ended 31 December 2017 was $13 017 690. Profit after tax was $9 938 826, an increase of 96 percent over last year's after-tax figure of $5 058 166.It...

By Agencies | Published: 22 March 2018

TELECOMS & TECHNOLOGY

Naspers to raise up to $11bn by trimming Tencent stake

Naspers NPNJn.J is cutting its stake in lucrative Chinese investment Tencent 0700.HK by as much as 2 percent in a deal that could net the South African media and e-commerce group up to $11 billion.Nas...

By Reuters | Published: 22 March 2018

TRANSPORT & TOURISM

DHL Aviation upgrades Harare service to a Boeing 737-400 freight

DHL Aviation, a division of DHL Express responsible for providing air transport capacity, is upgrading its services to Harare. On Friday 23 March German logistics firm DHL will upgrade its Harare serv...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Zimbabwe signs $4.2bn platinum deal

Karo Resources, a company linked to mining entrepreneur Loucas Pouroulis, will spend $4.2 billion on a Zimbabwean platinum project in the first big investment since President Robert Mugabe's ousting i...

By Staff reporter | Published: 22 March 2018

LANDS & AGRICULTURE

First tobacco bale sold for $4.90/kg

THE 2018 tobacco marketing season officially opened yesterday at the Tobacco Sales Floor, with a starting price of $4,90 per kilogramme, up from last year's $4,60 per kg.Although the opening price was...

By Staff reporter | Published: 22 March 2018

INDUSTRIALS & ENERGY

GMB eating our lunch, NatFoods complains

NATIONAL Foods Holdings Limited board chairman, Todd Moyo, has expressed concern over the Grain Marketing Board's (GMB) participation in the local commercial maize meal market.National Foods last week...

By Staff reporter | Published: 22 March 2018

LANDS & AGRICULTURE

Zambia mulls Zimbabwe soya exports ban

ZAMBIAN oil crushers are said to be pushing their government to ban soya bean exports to cushion themselves from tightening supplies, according to a report by Zimbabwe's Stockfeeds Manufacturers Assoc...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Legislative changes in Zim buoy Caledonia

BOUYED by record gold production and political changes in Zimbabwe, Canadian gold mining firm, Caledonia Mining, appears eager to raise at least $4 million and buy back a stake previously ceded to ind...

By Staff reporter | Published: 22 March 2018

TRANSPORT & TOURISM

Air Zimbabwe fails to take off

Scorees of travellers were left stranded at the Robert Gabriel Mugabe International Airport after an Air Zimbabwe flight destined for Johannesburg failed to take off yesterday morning.Air Zimbabwe's m...

By Staff reporter | Published: 22 March 2018

FINANCIAL SERVICES

ABUZ seeks direct contact with international banks

THE Association for Business in Zimbabwe (ABUZ) has implored Government to facilitate direct engagement between international financial institutions and local companies to avoid red tape, which they s...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Simbisa Brands gets AIM secondary listing nod

SIMBISA Brands Limited's shareholders yesterday unanimously gave directors the green light to acquire a 50 percent stake in global family owned and run food and beverages company Foodfund and at the s...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Zimbabwe to introduce special desks for mining

GOVERNMENT will soon introduce mineral specific desks as well as a special desk on artisanal and small-scale mining within the ministry of Mines and Mining Development as part of efforts to re-organis...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

New wholesale firm gains ground

GAIN Cash and Carry is fast gaining a significant share of Zimbabwe's wholesale market, which was traditionally dominated by giants such as Mahomed Mussa. The company says its rapid penetration of the...

By Staff reporter | Published: 22 March 2018

FINANCIAL SERVICES

95% repayment of loans encouraging, says CBZ

Zimbabwe's largest banking group by assets and deposits, CBZ Holdings Limited says repayment of loans by small to medium enterprises has been encouraging at 95 percent. This has prompted the financial...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Chinese billionaire back for Ziscosteel deal

CHINESE investor, Zhang Li, who is president of R&FA is in Zimbabwe to finalise the implementation of a $1 billion resuscitation of the Zimbabwe Iron and Steel Company (Ziscosteel), Southern Eye h...

By Staff reporter | Published: 22 March 2018

INDUSTRIALS & ENERGY

Merlin eyes $30m investment

TEXTILE company, Merlin, says it is still engaging foreign investors who have expressed interest to invest $30 million into the company and is confident that the transaction will succeed.The company's...

By Staff reporter | Published: 22 March 2018

FINANCIAL SERVICES

Postal and courier volumes dip 9.3%

Postal and courier volumes dipped by 9,3% in the fourth quarter of 2017 to 1 860 747 from the previous quarter, as the domestic postal unit took a battering from e-substitution.In the previous quarter...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Zimbabwe and the magic of Lithium

Lithium. It's a magic word these days, a headline catcher which will see Zimbabwe play a major international role producing material for tens of millions of batteries for electric cars which will, wit...

By Independent Foreign Service | Published: 21 March 2018

TELECOMS & TECHNOLOGY

'EcoSure to eclipse EcoCash success'

ECONET'S Cassava Fintech group chief executive officer Darlington Mandivenga says its mobile insurance service, EcoSure, will in time eclipse EcoCash's current success.Last week, the Postal and Teleco...

By Staff reporter | Published: 21 March 2018

FINANCIAL SERVICES

Banks shun telegraphic transfers

SOME banks in Bulawayo have completely stopped accepting foreign payment telegraphic transfers submitted by companies, making life unbearable for the companies in the city, Association for Business in...

By Staff reporter | Published: 21 March 2018

MINING & RETAIL

Gold deliveries fall as rains weigh in

GOLD deliveries marginally declined in February to 2,01 tonnes compared to 2,6 tonnes delivered in January, mainly because of rains that hit most parts of the country.Zimbabwe has been experiencing ra...

By Staff reporter | Published: 21 March 2018

TELECOMS & TECHNOLOGY

Govt pledges more access to Internet

GOVERNMENT yesterday pledged more access to Internet by Zimbabweans, including those living in marginalised communities. Addressing a World Summit on Information Society (WSIS) underway in Geneva, Swi...

By Staff reporter | Published: 21 March 2018

FINANCIAL SERVICES

Ipec enforces new actuarial rules

The Insurance and Pensions Commission (Ipec) has issued a stern warning saying all insurance companies should engage actuaries for key validation on their activities or face serious consequences. The ...

By Staff reporter | Published: 21 March 2018
Pages:
89
...

Latest News

Latest Published Reports

Latest jobs