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

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
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