FINANCIAL SERVICES

Zimbabwe banks to source offshore credit lines

Financial institutions have renewed plans to source offshore credit lines to sustain requirements by productive sectors of the economy.Productive sectors are failing to increase capacity due to lack o...

By Staff reporter | Published: 12 March 2018

TRANSPORT & TOURISM

Ethiopian Airlines's 787 Dreamliner for Vic Falls

Ethiopian Airlines has maintained its confidence in Victoria Falls as a destination with the deployment of a Boeing 787 Dreamliner which has become the second wide bodied scheduled aircraft to service...

By Staff reporter | Published: 12 March 2018

TELECOMS & TECHNOLOGY

Azam TV comes to Zimbabwe

THE launch of Kwese TV in Zimbabwe gave viewers more options to choose from. The pay TV scene is about to get more interesting with another player, Azam TV, also making moves to set up shop in the cou...

By Staff reporter | Published: 12 March 2018

LANDS & AGRICULTURE

Govt to install dryers at GMB depots

GOVERNMENT plans to install dryers at major Grain Marketing Board (GMB) depots to address moisture complications on delivered grain and reduce post-harvest losses.Despite recording a bumper harvest in...

By Staff reporter | Published: 12 March 2018

FINANCIAL SERVICES

Zimbabwe ATMs gather dust

THE severe cash shortage brought about by a debilitating liquidity crunch has severely reduced the use of automated teller machines (ATMs).An ATM is an electronic telecommunications device that enable...

By Staff reporter | Published: 09 March 2018

LANDS & AGRICULTURE

Zim faces maize output shortfall

Zimbabwe will face a shortfall in maize output in the current 2017/18 season on the back of erratic weather conditions with the hole expected to be plugged by carryover stocks from last season, the Fa...

By Staff reporter | Published: 09 March 2018

MINING & RETAIL

Russia eyes Zim's diamonds and platinum

Russia's Foreign Minister Sergei Lavrov on Thursday met with Zimbabwe's new President Emmerson Mnangagwa and discussed possible military co-operation as well as plans to boost economic ties.Lavrov, w...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Zim prospects for new minerals

GOVERNMENT has intensified its exploration of new minerals and has granted 30 exclusive prospecting licences since November last year, Minister of Mines Winston Chitando has said.Zimbabwe, which has 4...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Zimplats resumes Bimha operations

ZIMBABWE'S largest platinum miner, Zimplats, is next month expected to resume production at its Bimha Mine, which collapsed nearly four years ago.To date, Zimplats has invested less than half the fund...

By Staff reporter | Published: 08 March 2018

TELECOMS & TECHNOLOGY

Liquid Telecom appoints new deputy MD

LIQUID Telecom Zimbabwe has appointed Martin Mushambadope as deputy managing director with effect from March 1, 2018. Prior to his appointment Mushambadope was the company's commercial officer.Mushamb...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Zimbabwe to roll out special mining leases

THE Ministry of Mines says investors seeking to start mining operations worth at least $100 million can apply for special mining leases (SML).Under the SML, investors can individually negotiate incent...

By Staff reporter | Published: 08 March 2018

TELECOMS & TECHNOLOGY

Econet partners Shaw Academy

ECONET Wireless has partnered with a global online educator, Shaw Academy, to provide educational solutions that enhance quality, affordability and accessibility within Africa.In a statement, Econet r...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Metallon sinks $2,5m into exploration

ZIMBABWE's largest gold producer, Metallon Gold, has invested an estimated $2.5 million in ongoing exploration activities at its mining operations in the country.The mining group owns operations that ...

By Staff reporter | Published: 08 March 2018

FINANCIAL SERVICES

MBCA Bank cedes shares to workers

MBCA Bank has ceded 7.5 percent shares to its workers through the Employee Share Ownership Scheme in line with the approved indigenisation plan.MBCA Bank chairman, Mr Vimbai Zireva, said this in a sta...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Falgold fails to contain crippling strike

LISTED mining group, Falcon Gold (Falgold), says the ongoing strike at its Golden Quarry Mine in Shurugwi will have an adverse impact on the operations of the mine for an indefinite period.Workers at ...

By Staff reporter | Published: 08 March 2018

MINING & RETAIL

Hwange board courts investors for projects

THE Hwange Local Board (HLB) has engaged a number of local and foreign investors to participate in major infrastructural development projects as it forges ahead to attain township status.Chief executi...

By Staff reporter | Published: 08 March 2018

FINANCIAL SERVICES

StanChart appoints Drogba ambassador

Standard Chartered Bank has appointed Ivorian football legend Didier Drogba as its digital bank ambassador.Drogba will be endorsing the bank's first digital bank in Africa to be launched in Abidjan, C...

By Staff reporter | Published: 08 March 2018

LANDS & AGRICULTURE

Maize grain supply decreases

Maize supply on the market has decreased due to anticipated poor harvests caused by the low rainfall experienced in the country from the start of the season up to February, the FEWSNET has reported. T...

By Staff reporter | Published: 08 March 2018

INDUSTRIALS & ENERGY

Blue Ribbon to revive bakeries

FAST-MOVING consumer goods producer, Blue Ribbon Foods, says it is planning to revive its closed bakeries, which succumbed to a deteriorating economy.More than 150 of the 250 bakeries that used to ope...

By Staff reporter | Published: 08 March 2018

TELECOMS & TECHNOLOGY

Econet takes lead in use of AI

Listed telecoms and tech giant Econet Wireless Zimbabwe (EWZ) has taken the lead in the use of AI (artificial intelligence) to manage its customer services support in a move set to significantly impr...

By Staff reporter | Published: 07 March 2018

TELECOMS & TECHNOLOGY

Nkosinathi Ncube appointed NetOne MD

NETONE has appointed Mr Nkosinathi Ncube as its Managing Director MFS, becoming the defacto preferred head of mobile financial services in Zimbabwe, after landing his third title at NetOne, which is ...

By Staff reporter | Published: 07 March 2018

TELECOMS & TECHNOLOGY

Ex-Vodacom exec appointed NetOne CEO

State-run mobile network operator, NetOne, has appointed former Vodacom executive Lazarus Muchenje as its new chief executive with effect from April 1, 2018.He takes over from Brain Mutandiro, who ha...

By Staff reporter | Published: 07 March 2018

FINANCIAL SERVICES

Chisango appointed Ecobank chair

Fortunate Chisango has been appointed Ecobank Zimbabwe (Ecobank) chairperson.He takes over from David Whatman who stepped down after serving his term in line with the financial group’s corporate gov...

By Staff reporter | Published: 07 March 2018

BUSINESS NEWS

NSSA pursues platinum, lithium investments

Deep-pocketed pensions administrator, National Social Security Authority (Nssa), is pursuing investment opportunities in the mining sector.The statutory body - sitting on a $1,3 billion asset base - i...

By Staff reporter | Published: 07 March 2018

TRANSPORT & TOURISM

Embassy withholds tour operators' passports

TWENTY-ONE players in the tourism industry recently had their passports withheld by the German embassy in Harare after the Zimbabwe Tourism Authority failed to pay $47 000 to a tourism organiser based...

By Staff reporter | Published: 07 March 2018
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