INDUSTRIALS & ENERGY

Dairiboard strategises to up milk output

DAIRIBOARD Holdings says it is pursuing a number of initiatives to increase output and consolidate profitability riding on positive gains achieved in 2017.In full year financial results for the period...

By Staff reporter | Published: 16 March 2018

TRANSPORT & TOURISM

African Sun in 19% revenue growth

AFRICAN Sun Limited has recorded a 19 percent growth in revenue to $51,83 million for the year ended December 31, 2017, spurred by a jump in occupancy levels.The international market recorded the high...

By Staff reporter | Published: 16 March 2018

MINING & RETAIL

Innscor revenue down 2% in H1 on avian outbreak

Innscor Africa Limited lost 2% or $6 268 952 in revenue during the group's six months ended December 31, 2017, period due to the avian influenza epidemic that affected its Irvine's subsidiary.However,...

By Staff reporter | Published: 16 March 2018

FINANCIAL SERVICES

CBZ net income up 16.8% to $27.8m

CBZ Holdings recorded a 16,8% jump in net earnings to $27,8 million in the full year ending December 31, driven by the growth in net non-interest income. In the comparable year, profit-after-tax was $...

By Staff reporter | Published: 16 March 2018

MINING & RETAIL

'Expedite Mines, Minerals Amendment Act'

With improved investment interest into the country in recent months, the mining industry remains one of the most sort-after sectors earmarked to speed the country's economic revival, but stalling in t...

By Staff reporter | Published: 16 March 2018

MINING & RETAIL

Lafarge Holcim Cement in lime mining wrangle

The High Court has granted an interdict against Lafarge Holcim Cement Zimbabwe barring the company from mining lime on a piece of land in-PFura Rural District in Mashonaland Central. This follows an a...

By Staff reporter | Published: 16 March 2018

MINING & RETAIL

ZimAlloys, Balasore deal collapses

The proposed acquisition of ZimAlloys' 70 percent shareholding by Balasore Alloys of India is hanging in the balance amid revelations that the Bombay Stock Exchange listed company has failed to meet t...

By Staff reporter | Published: 16 March 2018

TELECOMS & TECHNOLOGY

Tussle for Telecel shares hots up

The ownership of mobile network operator Telecel Zimbabwe continues to hang in limbo amid indication a fresh and potentially bruising legal battle is now brewing within the company after businessman D...

By Staff reporetr | Published: 16 March 2018

INDUSTRIALS & ENERGY

Mnangagwa tackles fuel prices, liquidity

Government is set to introduce a raft of measures to rationalise fuel prices while fighting against cash challenges through ongoing engagements with several countries, Special Advisor to the Presidenc...

By Staff reporter | Published: 15 March 2018

TRANSPORT & TOURISM

Kenya Airways joins Zimbabwe tourism drive

KENYA Airways has entered into a partnership with the Zimbabwe Tourism Authority (ZTA) to boost arrivals into Zimbabwe.ZTA said last week it had agreed with one of Africa's largest airlines to bring t...

By Staff reporter | Published: 15 March 2018

TRANSPORT & TOURISM

Fastjet on the upturn

LOW cost airline, fastjet, said last week it had achieved 93 percent on-time landing and takeoff rate in February, a significant improvement from 91 percent the previous month.Fastjet regional marketi...

By Staff reporter | Published: 15 March 2018

TRANSPORT & TOURISM

Angolan Airlines returns

ANGOLAN Airlines (TAAG) has resumed flights between Harare and Luanda about one month after President Emmerson Mnangagwa appealed to the southern African country to reconsider its decision to pull out...

By Staff reporter | Published: 15 March 2018

TELECOMS & TECHNOLOGY

Kwese TV offers free Facebook access

Aggressiveness could be the key strategy for Zimbabwean telecom and media company Econet Wireless, whose Kwese pay television platform is offering free Facebook access and a subscription package for c...

By Staff reporter | Published: 15 March 2018

MINING & RETAIL

Chrome volumes up 92%

CHROME ore volumes rose by 92 percent to 122 010 metric tonnes (mt) last year, from  63 394 mt in 2016, statistics from the Minerals Marketing Corporation of Zimbabwe (MMCZ) show.MMCZ did not say...

By Staff reporter | Published: 15 March 2018

FINANCIAL SERVICES

Regulator rejects road accident fund

THE Insurance and Pensions Commission (IPEC) has rejected calls for a fund to cater for accident victims.Mooted by government in 2016 after it emerged that an accident occurs every 15 minutes and five...

By Staff reporter | Published: 15 March 2018

TELECOMS & TECHNOLOGY

UK CEO named Zimbabwe tech envoy

THE founder and CEO of a Manchester-based consumer technology and security company, VST Enterprises, has been named as the new Science and Technology Ambassador to the Zimbabwean Government.The ambas...

By Agencies | Published: 15 March 2018

TRANSPORT & TOURISM

Air Zimbabwe plane in mid-air scare

AN Air Zimbabwe flight between Harare and the Tanzanian capital Dar es Salaam was involved in a five-minute mid-air turbulence that left passengers shaken on Tuesday.According to a passenger who was a...

By Staff reporter | Published: 15 March 2018

TRANSPORT & TOURISM

CAAZ to scrap boarding calls

THE Civil Aviation Authority of Zimbabwe (CAAZ) says it is mobilising resources to upgrade sections of the Victoria Falls International Airport as well as relocate Kariba Airport.The Victoria Falls In...

By Staff reporter | Published: 15 March 2018

TELECOMS & TECHNOLOGY

Zimbabwe heads for ICT revolution

President Emmerson Mnangagwa yesterday launched the country's Information Communication Technology policy to guide Zimbabwe's economic development through a coordinated use of ICTs.The ICT policy, tog...

By Staff reporter | Published: 15 March 2018

TELECOMS & TECHNOLOGY

Econet goes hi-tech in customer experience

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

By Staff reporter | Published: 15 March 2018

MINING & RETAIL

Zimasco wins case against ChinaZim

KWEKWE-BASED ChinaZim International Minerals has been ordered to compensate the Zimbabwe Mining and Smelting Company (Zimasco) for stolen chrome ore.The ruling by High Court Judge, Justice Edith Musho...

By Staff reporter | Published: 15 March 2018

MINING & RETAIL

Hwange Colliery protesters to face criminal charges

HWANGE Colliery Company protesters have been summoned to appear in court on Monday facing criminal trespass charges.The spouses and widows of HCCL workers are protesting over five-year salaries owed t...

By Staff reporter | Published: 15 March 2018

MINING & RETAIL

Platinum output to remain stable

Zimbabwe's platinum output is anticipated to remain stable at 450 000 ounces this year, projections from the WIPC indicate. In its fourth quarter report for 2017, WIPC pointed out that Zimbabwe's plat...

By Staff reporter | Published: 15 March 2018

FINANCIAL SERVICES

AfDB extends $25 million loan facility to CABS

The government's re-engagement efforts with multilateral finance institutions continue to bear fruit with the signing of a US$25 million trade finance agreement between the African Development Bank (A...

By Staff reporter | Published: 14 March 2018

BUSINESS NEWS

ZETDC threat to switch off customers

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has warned customers of disconnections and litigation if they do not make payment plans by March 31.In a notice, ZETDC said custo...

By Staff reporter | Published: 14 March 2018
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