MINING & RETAIL

Arcadia Lithium Mine to create 1 000 jobs

President Mnangagwa has officiated at the ground breaking ceremony of the Arcadia Lithium Mine in Chikwaka, Goromonzi that is expected to have an initial investment of $ 165 million. The project is ex...

By Staff reporter | Published: 28 November 2018

INDUSTRIALS & ENERGY

Tongaat Hulett sugar output increases 9%

TONGAAT Hulett's revenue for the six month period ended 30 September 2018 increased by 29 percent to $93,2 million up from $72,4 million during the corresponding period in 2017 underpinned by a spike ...

By Staff reporter | Published: 27 November 2018

INDUSTRIALS & ENERGY

India to offer Zimbabwe jewellery manufacturing scholarships

THE Indian Institute of Gems and Jewellery (IIGJ) in Jaipur has made a commitment to help Zimbabwe acquire skills in jewellery designing and has proposed to offer scholarships to Zimbabwean students w...

By Staff reporter | Published: 27 November 2018

MINING & RETAIL

Premier converts $300k director's loan

MULTI-COMMODITY mining and natural resource development company, Premier African Minerals, has converted a $300 000 loan availed by one of its directors, Mr George Roach, into new ordinary shares. Pre...

By Staff reporter | Published: 27 November 2018

MINING & RETAIL

Edgars Zimbabwe customers win big in fashion extravaganza

THE annual Edgars Fashion Extravaganza's show curtains came down in Harare on Saturday as Zvishavane-based Nelly Mariri scooped the $10 000 grand prize at the promotion's grand draw.The ultimate winne...

By Staff reporter | Published: 26 November 2018

LANDS & AGRICULTURE

Adopt good agronomic practices, farmers urged

FARMERS, particularly in dry regions, have been challenged to adopt good agronomic practices in order to reduce the effects of climate change.SeedCo agronomy and extension service manager John Bhasera...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

Pharmacists heed govt warning on US$ pricing

PHARMACEUTICAL companies yesterday said they had heeded government's directive to stop demanding hard currency for drugs, but pleaded with the Reserve Bank of Zimbabwe to consistently allocate them ad...

By Staff reporter | Published: 26 November 2018

MINING & RETAIL

Scrap Fidelity's gold monopoly, says Parly committee

THE Parliamentary Portfolio Committee on Mines and Mining Development has urged government to remove Fidelity Printers and Refiners (FPR)'s monopoly as the sole gold buyer to promote competition. FPR ...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

CTC condemns ZETDC, CAFCA barter agreement

THE Competition and Tariff Commission (CTC) has condemned the barter agreement between the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and electrical cable supplier CAFCA accusi...

By Staff reporter | Published: 26 November 2018

TRANSPORT & TOURISM

Victoria Falls luxury boutique hotel officially re-launched

VICTORIA Falls' Stanley and Livingstone Boutique Hotel has been officially re-launched following a refurbishment exercise at a cost of $4 million. The Minister of Environment, Tourism and Hospitality ...

By Staff reporter | Published: 26 November 2018

INDUSTRIALS & ENERGY

Simbisa shelves LSE listing plans

Quick service restaurant (QSR) group, Simbisa Brands Limited's plans for a secondary listing on the London Stock Exchange have been put on hold as the market is currently not conducive for the transac...

By Staff reporter | Published: 26 November 2018

TRANSPORT & TOURISM

Relief for Zimbabwe car importers

The Zimbabwe Revenue Authority (Zimra) has thrown a lifeline to private motor vehicle buyers who paid for car imports on or before November 22, 2018, exempting them from mandatory duty in foreign curr...

By Staff reporter | Published: 25 November 2018

MINING & RETAIL

Mphoko booted out of Choppies?

THE battle for the control of supermarket chain, Choppies Zimbabwe, pitting former vice-president Phelekezela Mphoko's family and its foreign business partners has taken a nasty turn after the Botswan...

By Staff reporter | Published: 25 November 2018

MINING & RETAIL

Hwange saga spills to High court

The government has finally applied for a court order to place Hwange Colliery Company Limited (HCCL) under administration, almost a month after announcing that the giant miner had been put under recon...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Power generation to improve

WORK on the much anticipated $5,2 billion Batoka Gorge Hydro Electricity project will soon commence after President Mnangagwa met officials from the main contractors, General Electric and Power China ...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Top forex earners to spur Zimbabwe revival

IMPROVED production of the country's two top foreign currency earning commodities, tobacco and gold is likely to be a springboard to the country's economic turnaround.Captains of industry and economis...

By Staff reporter | Published: 25 November 2018

MINING & RETAIL

New twist to Makomo, Zambezi Gas coal field feud

The coal claims feud pitting Zambezi Gas and Makomo Resources has taken a new twist, amid reports that there may have been an "error" in the former's special grant.Zambezi Gas says its special grant g...

By Staff reporter | Published: 25 November 2018

TRANSPORT & TOURISM

Air Zimbabwe revival timeline set

Air Zimbabwe administrator Reggie Saruchera, has said they expect the revival of the national airliner to come full circle by May 30, 2019. Saruchera, a managing partner at Grant Thornton and Camelsa,...

By Staff reporter | Published: 23 November 2018

BUSINESS NEWS

Surging inflation ravages economy

Zimbabwean business are reeling from a worsening double whammy of runaway inflation and rising input costs, which are threatening to snuff out the country's economic recovery prospects. The recent ala...

By Staff reporter | Published: 22 November 2018

MINING & RETAIL

Premier in debt-equity deal with director

Premier African Minerals says it has converted a $300 000 loan availed by chief executive George Roach into equity. Last week, the company's board agreed to amend terms of the existing loan agreement ...

By Staff reporter | Published: 22 November 2018

TRANSPORT & TOURISM

Africa Albida enjoys 'busiest year ever' as tourists return

Hospitality group Africa Albida Tourism (AAT) says it is enjoying its busiest year ever, with occupancies at its flagship property Victoria Falls Safari Lodge enjoying occupancies of over 80% over the...

By Staff reporter | Published: 22 November 2018

MINING & RETAIL

RioZim sues RBZ over US$ payments

Resources group, RioZim, has sued the central bank to force it to pay over $92 million it claims is owed dating back to 2016 in a case that highlights the acute dollar shortages blighting the southern...

By Staff reporter | Published: 22 November 2018

TRANSPORT & TOURISM

22 investors eye struggling Zupco

LOCAL Government minister July Moyo yesterday told Parliament that 22 investors from local and abroad had expressed interest in struggling State-owned transport operator, Zimbabwe United Passenger Com...

By Staff reporter | Published: 22 November 2018

MINING & RETAIL

2018 mining output up

ZIMBABWE'S mining sector improved production in 2018, with average capacity utilisation going up to 75 percent from 71 percent in 2017, an industry report released this week shows. However, this was i...

By Staff reporter | Published: 22 November 2018

LANDS & AGRICULTURE

Agro sector gets 15% salary raise

Workers in the agro sector - those who process agricultural produce - have been awarded a 15 percent wage increase. The National Employment Council for agricultural industry of Zimbabwe chief executiv...

By Staff reporter | Published: 22 November 2018
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