MINING & RETAIL

Zim seeks investors at mining meet

The Chamber of Mines of Zimbabwe with support from the Mines and Mining Development ministry will next week host the Zimbabwe Mining Investment Conference to attract foreign direct investments into th...

MINING & RETAIL

Ferrochrome, coal output growth projected

The Chamber of Mines is projecting robust growth in ferrochrome and coal output this year underlined by an improved operating environment as well as sound investments in these sectors.Being home to th...

TELECOMS & TECHNOLOGY

Potraz cracks whip on NetOne over Onefusion blunder

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has directed NetOne to compensate all subscribers who lost airtime on the Onefusion package over the weekend due to a faulty...

MINING & RETAIL

Mashaba Mine secures $14m for reopening

Mashaba Asbestos Mine in Mashava is set to reopen after the firm managed to mobilise $14 million for recapitalisation, amid indications that more than 1 400 direct jobs will be created when operations...

INDUSTRIALS & ENERGY

Simbisa expansion tipped to bear fruit

Quick service restaurant operator Simbisa Brands' decision to buy Dubai-based firm Food Fund will help unlock shareholder value, market experts have said. This was after Simbisa, which has restricted ...

TRANSPORT & TOURISM

New locos and waggons for NRZ on lease

Locomotives, wagons and coaches delivered by the Diaspora Infrastructure Development Group (DIDG) to National Railways of Zimbabwe (NRZ), under a $400 million deal, are on lease while new ones are exp...

MINING & RETAIL

Shabanie Mine management speaks on re-opening

Shabanie Mine management says the re-opening of the entity is dependent upon a successful revival of its Mandava subsidiary.There is commitment from stakeholders that Shabanie Mine which closed busine...

INDUSTRIALS & ENERGY

Fuel prices trek upwards

FUEL prices have marginally increased in the country - by between 1c and 4c in the last two weeks - despite a recent drop in prices of up to 15 percent on the international market.Oil prices shot to $...

TRANSPORT & TOURISM

Mnangagwa to commission leased NRZ equipment

President Emmerson Mnangagwa will on Wednesday commission equipment leased by the National Railways of Zimbabwe (NRZ) from Transnet.The equipment, comprising 13 locomotives, 200 wagons and 34 coaches,...

TRANSPORT & TOURISM

RTG mulls expansion

LISTED hospitality group Rainbow Tourism Group is aggressively looking for expansion opportunities on projected growth in room demand after recent political developments that have brought a new ray of...

INDUSTRIALS & ENERGY

Simbisa garners for UAE fast food chain

THE Zimbabwe Stock Exchange-listed quick service operator, Simbisa Brands, is seeking to acquire the United Arab Emirates-based fast food group, Foodfund.Last month, Simbisa also announced that it was...

LANDS & AGRICULTURE

Tobacco hectarage declines 5.5%

THE area planted under the tobacco crop in the 2017/18 cropping season has declined by 5.5 percent to 104 397 hectares from 110 518ha during the same period last year, official figures show.The declin...

FINANCIAL SERVICES

RBZ passes forex buck to banks

The Reserve Bank of Zimbabwe (RBZ) cannot approve or stop companies from accessing foreign currency, as it is the prerogative of banks which control 70% of the forex, the central bank's deputy governo...

FINANCIAL SERVICES

ZB eyes $20m export facility

ZB Financial Holdings Limited is close to finalising a $20 million export facility from a regional institution aimed at supporting exporters.Speaking to NewsDay after the ZB Financial Holdings analyst...

MINING & RETAIL

'KP should audit Marange diamonds'

ZIMBABWE should invite the Kimberly Process (KP) to see if the country's diamond sector still meets the minimum requirements to mine and trade in the gems, a top civil society official has said.Zimbab...

LANDS & AGRICULTURE

99-year lease unattractive to former farmers

COMMERCIAL Farmers Union of Zimbabwe (CFU) has said that the country's new 99-year lease document is voluminous about three times the length of Zambia's equivalent, making it difficult to attract inte...

MINING & RETAIL

Zimasco to invest $80m in expansion projects

Zimasco will invest an estimated US$80 million in new furnace smelting capacity in the medium-term as part of the mining giant's expansion plans, a company official has said.Company spokesperson Clara...

INDUSTRIALS & ENERGY

Mystery CFI offer baffles market

An offer for CFI Holdings shares to the market is now shrouded in mystery after the company disowned the offer.This comes after the Zimbabwe Stock Exchange (ZSE) wrote to CFI Holdings asking it to cla...

INDUSTRIALS & ENERGY

Pizza Hut struggles to get import permits

Quick services restaurant and international franchise Pizza Hut, which opened its doors early February says it has a few issues with securing import permits amid overwhelming demand for its products. ...

MINING & RETAIL

Nyambirai invests $12m into Arcturus Mine

Businessman Tawanda Nyambirai is set to invest $12 million in Arcturus Mine, which he acquired from Metallon Gold Zimbabwe, amid revelations he is planning further investments into mining with explora...

INDUSTRIALS & ENERGY

Nestlé Zimbabwe exports up 50%

Nestlé Zimbabwe's exports went up 50% in 2017 from the prior year on the back of increased production from its filling and packaging production lines commissioned last year.The company's manufacturin...

TELECOMS & TECHNOLOGY

Zimpapers to launch TV station

ZIMBABWE Newspapers (Zimpapers) Limited is geared to launch its television station in line with its thrust to consolidate its status as the country's leading integrated media house.The idea for a tele...

MINING & RETAIL

Duration Gold eyes 580kg output

DURATION Gold Limited targets to produce 580 kilogrammes of gold in 2018, up 29% compared to the figures achieved last year, an official said.Duration Gold country co-ordinating project manager, Ollie...

Mnangagwa son in law's $3.5 million offer to PSL

LOCAL company Dr Dish have dangled a $3.5 million bid to the domestic Premier Soccer League (PSL) to acquire the top-flight league's media visual broadcasting rights from this year, in a ground-breaki...

INDUSTRIALS & ENERGY

Afdis records 56% earnings growth

Spirits and wines maker, African Distillers Limited's (Afdis) says demand for its products remained buoyant but could not be fully satisfied due to the inconsistent supply of finished products owing t...