MINING & RETAIL

Miners ordered to pay rentals or lose claims

THE Ministry of Mines and Mining Development has directed miners to pay their ground rentals or risk losing their claims.The call comes after small scale miners in Matabeleland South Province complain...

By Staff reporter | Published: 01 March 2018

TELECOMS & TECHNOLOGY

iflix Partners with Safaricom in Kenya

iflix, the world's leading entertainment service for emerging markets, today announced a partnership with Safaricom to give the firms' customers up to 60 days of unlimited access to iflix's service wi...

By APO | Published: 01 March 2018

MINING & RETAIL

Renewed interest in $1,2bn RioZim project

LISTED resources firm, RioZim, says investors have renewed their interest in the $1,2 billion Sengwa thermal power project, after being scared away by policy somersaults and currency instability, whic...

By Staff reporter | Published: 01 March 2018

TRANSPORT & TOURISM

Cargo road ban after rail revival, says Mnangagwa

GOVERNMENT will consider banning heavy cargo trucks from the country's roads when the railway infrastructure has been revived, President Emmerson Mnangagwa has said.Speaking while officially launching...

By Staff reporter | Published: 01 March 2018

MINING & RETAIL

Lithium firm establishes lab in Zimbabwe

ONE of Zimbabwe's largest lithium producer, Prospect Resources (Prospect), has established a laboratory complex in Kwekwe aimed at enhancing production of lithium carbonate. Hugh Warner, Prospect chai...

By Staff reporter | Published: 01 March 2018

INDUSTRIALS & ENERGY

Mutare Bottling struggles to service $20m loan

MUTARE Bottling Company (MBC) said it is struggling to repay a foreign loan acquired to set up its bottling plant due to foreign currency shortages, an official has disclosed.MBC managing director, Al...

By Staff reporter | Published: 01 March 2018

MINING & RETAIL

ACF invests $220m, eyes diamonds

ONE of the country's growing resource outfits, African Chrome Fields (ACF), says it has invested over $200 million at its Midlands operations in the past three years, and is now scouting for diamond a...

By Staff reporter | Published: 01 March 2018

TELECOMS & TECHNOLOGY

NetOne gives up $11 million

STATE-owned mobile network operator, NetOne, says it has given up hope of recovering $11,3 million from its former service provider Firstel Cellular, which was liquidated nearly two years ago.First Ce...

By The Source | Published: 01 March 2018

INDUSTRIALS & ENERGY

Zimplow hits first profit in six years

AGRO-industrial group Zimplow last week reported a profit after tax of $3,4 million for the year ending December 31, 2017, its first since 2011.This was a huge swing from last year's loss of $2,5 mill...

By Staff reporter | Published: 01 March 2018

INDUSTRIALS & ENERGY

BAT fails to remit $15m to its offshore shareholder

ZIMBABWE’S largest cigarette manufacturer, British American Tobacco (BAT), is failing to remit over $15 million in dividends to its offshore shareholder and for payment of raw materials due to forei...

By Staff reporter | Published: 01 March 2018

BUSINESS NEWS

Zim aims to 'power the world's electric cars'

Zimbabwe's mining minister has said the country has the capacity to boost its lithium supply, CNBC Africa reports.Winston Chitando told a mining investment conference in the capital, Harare, the coun...

By BBc | Published: 28 February 2018

MINING & RETAIL

Prospect acquires lithium project in Zim

Prospect Resources has exercised its option to acquire the Good Days lithium project. The project is located in northeastern Zimbabwe and contains numerous mineralised pegmatites.Prospect's flagship ...

By Staff reporter | Published: 28 February 2018

MINING & RETAIL

Zim to introduce 15% penalty tax on platinum

Zimbabwean Vice President Constantino Chiwenga told the conference Zimbabwe will impose a 15 percent penalty tax from Jan 1, 2019, on exports of platinum producers who do not build refining facilities...

By Staff reporter | Published: 28 February 2018

MINING & RETAIL

Zim can meet 20% of global lithium demand

Zimbabwe aims to supply 10 percent of the world's lithium and could reach 20 percent, the mines minister from Africa's top producer of the alkali metal used in batteries for electric vehicles said o...

By Staff reporter | Published: 28 February 2018

LANDS & AGRICULTURE

Donkey abattoir: An investment that never was

LAST October, the news of a donkey abattoir opening here sent tongues wagging and elicited mixed feelings from a cross-section of society.It sounded bizarre to Zimbabweans, to whom donkey meat is tabo...

By Staff reporter | Published: 28 February 2018

TELECOMS & TECHNOLOGY

Zimbabwean billionaire acquires stake in iflix

KWESE, the pay-Tv company founded by Zimbabwean billionaire Strive Masiyiwa, has acquired a significant stake in iflix Africa, a subscription-based video-on-demand service provider with its focus on e...

By Forbes | Published: 28 February 2018

TRANSPORT & TOURISM

RTG rights offer raises $22.5m only

HOSPITALITY concern, Rainbow Tourism Group (RTG) has raised $22.5 million through a rights offer and linked debentures to restructure its balance sheet and raise working capital.In January, RTG shareh...

By Staff reporter | Published: 28 February 2018

MINING & RETAIL

Hwange Colliery seeks bids for coke plant

AILING Hwange Colliery Company Limited (HCCL) says the rebuilding of its coke oven battery and coke oven gas plant is at the heart of the entity's turnaround efforts.Saddled with a huge debt burden to...

By Staff reporter | Published: 28 February 2018

TELECOMS & TECHNOLOGY

Econet creates 60 000 jobs

ZIMBABWE largest telecommunications company, Econet Wireless, says it has paid $1.3 billion to Government in taxes since 2009 and created over 60 000 jobs directly and indirectly in the economy throug...

By Staff reporter | Published: 28 February 2018

TELECOMS & TECHNOLOGY

NetOne realigns OneFusion brand

MOBILE telecommunications giant NetOne has realigned its most prominent brand, One Fusion, once again to increase service provision and address complaints raised by customers in recent months.The real...

By Staff reporter | Published: 28 February 2018

MINING & RETAIL

Mining can generate $18bn annually

ZIMBABWE'S mining sector has the capacity to generate $18 billion per annum from its total 800 mines, according to a mining consultancy firm.In a brief at the two day Zimbabwe Mining Investment Confer...

By Staff reporter | Published: 28 February 2018

LANDS & AGRICULTURE

GMB to be commercialize

The Grain Marketing Board (GMB) will soon have two separate entities, with one dealing with the maintenance of the Strategic Grain Reserve, while the other will become a fully-fledged commercial entit...

By Staff reporter | Published: 28 February 2018

TELECOMS & TECHNOLOGY

NetOne moves to evict ex-CEO from house

The government-owned mobile firm NetOne Cellular (Private) Limited (NetOne) has dragged its former chief executive officer Reward Kangai to the High Court seeking to evict him from one of its properti...

By Staff reporter | Published: 28 February 2018

TRANSPORT & TOURISM

RTG rights issue partially subscribed

The Rainbow Tourism Group's $22,5 million rights issue has been partially subscribed amid indications that the National Social Security Authority (Nssa) will increase its shareholding in the listed ho...

By Staff reporter | Published: 27 February 2018

LANDS & AGRICULTURE

Virginia tobacco 2018 exports top $87 million

Zimbabwe has exported flue-cured tobacco to the value of $87 million during the first couple of months of this year, down from $157 million in the corresponding period last year.Latest figures from th...

By Staff reporter | Published: 27 February 2018
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