BUSINESS NEWS

Air Zimbabwe in trouble over internet services debt

NATIONAL airline, Air Zimbabwe (Pvt) Ltd has been taken to court by local internet service provider, Powertel Communications (Pvt) Ltd, over a $18 441 debt for services rendered.On August 17 this year...

By Staff reporter | Published: 10 September 2018

BUSINESS NEWS

Cambria raises $2,8 million from open offer

LONDON-listed Cambria Africa Plc says it has raised a total of £2,1 million (US$2,8 million) from an open offer of 191 million ordinary shares issued in May.An open offer is a secondary market offeri...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Black market rates hit 100% ceiling, why and how?

PARALLEL market rates have finally hit 100% when using EcoCash or bank transfers to buy the greenback, the first time they have reached such a rate since dollarisation and the main question now is how...

By Staff reporter | Published: 18 July 2018

BUSINESS NEWS

Cigar wrapper farming lucrative business

Tobacco farmers in Burma valley have now shifted to cigar wrapper farming so they could receive direct payments into their accounts for their crop.Tobacco Industry Marketing Board spokesperson Isheune...

By Staff reporter | Published: 17 July 2018

BUSINESS NEWS

Zimbabwe exports shoot up marginally

ZIMBABWE's exports increased by 1,8 percent last month rising from $267,1 million in May to $384,4 million in the month of June, official trade figures show.The improved month-on-month export performa...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

Tobacco fails to deliver Zim forex relief

IH Securities says the economy is yet to feel the impact of the tobacco export proceeds despite being over 90 days into the season.In IH Securities outlook for the month released recently, the local f...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

ZITF clarifies Mine-Entra exhibition date shift

THE Zimbabwe International Trade Fair (ZITF) Company says the shift in dates for the 2018 Mining, Engineering and Transport (Mine-Entra) exhibition from July to October has been necessitated by wide m...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

Japanese firm plots Zimbabwe return

MARUBENI Corporation, a Japan-based trading and investment conglomerate operating in a broad range of sectors, is looking to expand its activities in Zimbabwe.Speaking to NewsDay on the sidelines of t...

By Staff reporter | Published: 04 July 2018

BUSINESS NEWS

United Refineries Limited adopts food fortification

GIANT agro-processor United Refineries Limited (URL) has adopted food fortification as part of its long term business model in keeping with the country's nutrition policy and global trends.Food forti...

By Staff reporter | Published: 28 June 2018

BUSINESS NEWS

POS machines population rises

Zimbabwe's point-of-sale (POS) machine population increased by 18,3 percent in the first quarter of the year to 70 960. For the same period, there was also a marginal increase in the country's number ...

By Staff reporter | Published: 20 June 2018

BUSINESS NEWS

Civil servants pay rise to increase inflation

RESEARCH firm IH Equities has said that the 15 percent salary adjustment for civil servants will spur demand in the retail sector pushing up the performances of operators in that area, while adding in...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

Trade credit risks discussed at Zimnat conference

The majority of trade transactions across the world are conducted on open account terms, supported by a purchase order and invoice with mutually agreed payment terms as the basis for trust, according ...

By Agencies | Published: 11 June 2018

BUSINESS NEWS

Hwange firms slammed for sidelining locals

Hwange-based companies came under fire yesterday as residents complained bitterly that they are deliberately being excluded in terms of employment, even for junior positions of cleaners, which they cl...

By Staff reporter | Published: 06 June 2018

BUSINESS NEWS

Zimbabwe's first agricultural investment platform

UK based Mitah Group Ltd owned by Zimbabwean born entrepreneur Mr Michael Matope launches www.Farmvest.biz . Farmvest.biz - is Zimbabwe's first Agricultural investment Platform, it aims revolutionize ...

By Agencies | Published: 05 June 2018

BUSINESS NEWS

Mash Holdings reviews land banks

Listed property development firm, Mash Holdings says it is reviewing its land banks as a way of unlocking value for shareholders. The group's chairperson, Ron Mutandagayi said the company will maintai...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Employees sue Simms over $122 194 salary arrears

TWELVE employees at Simms Electrical Company in Bulawayo have taken their employer to court demanding payment of $122 194 owed in outstanding salaries after they recently obtained an arbitration award...

By Staff reporter | Published: 01 June 2018

BUSINESS NEWS

GZU partners TelOne

GREAT Zimbabwe University's Geography Department on Tuesday benefited from TelOne's Corporate Social Investment (CSI) Policy focusing on the environment, education, health and social welfare.Acting Te...

By Staff reporter | Published: 31 May 2018

BUSINESS NEWS

'Adopting Chinese currency makes sense,' says RBZ

The adoption of renmimbi/yuan as a reserve currency, will help the country repay loans and grants from China, the Reserve Bank of Zimbabwe has said.Zimbabwe and China have strong bilateral relations, ...

By Staff reporter | Published: 30 May 2018

BUSINESS NEWS

'Adopting Chinese currency makes sense,' says RBZ

The adoption of renmimbi/yuan as a reserve currency, will help the country repay loans and grants from China, the Reserve Bank of Zimbabwe has said.Zimbabwe and China have strong bilateral relations, ...

By Staff reporter | Published: 30 May 2018

BUSINESS NEWS

Zimbabwean innovator in Africa Prize finals

An innovation which uses a cheap and sustainable recycling method to recover precious metals has made it into the finals of the prestigious 2018 Africa Prize for Engineering Innovation.Zimbabwean che...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

Zimbabwe banks go paperless

Like ducks to water, Zimbabwean retail banks are embracing technology to the point of doing away with paper transactions in their banking halls.This week, CABS became the latest institution to ditch p...

By Staff reporter | Published: 25 May 2018

BUSINESS NEWS

ZESA saves $1m by curbing power thefts

ZESA Holdings has managed to save revenue amounting to $998 228,87 after successfully implementing pro-active and reactive strategies to curb illicit losses.The power utility's public relations manage...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Zanu-PF disowns 'reckless' Mukupe utterances

Government yesterday described as "reckless, unlawful and contemptuous" the recent statement by Finance deputy minister Terrence Mukupe that the military would not allow MDC-T presidential candidate, ...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Zim to hold investment symposium in Canada

Zimbabwe is set to take the investment attraction campaign to Toronto, Canada, where a symposium is scheduled for this June.This comes as the country requires an estimated $11 billion in the next five...

By Staff reporter | Published: 21 May 2018

BUSINESS NEWS

Zim's crocodile industry rises against the tide

Basking in Zimbabwe's northern Zambezi Valley, the Nile crocodile, Africa's largest freshwater predator, is at ease in this hot and humid habitat.Less comfortable, however, are the reptile farmers of ...

By Al Jazeera | Published: 21 May 2018
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