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INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 03 May 2019

LANDS & AGRICULTURE

Johanne Marange ventures into fish farming

Command Agriculture has seen Johanne Marange Apostolic Church in Manicaland venturing into a thriving fish farming project to boost nutrition, rural economic development and income generation. Speakin...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Embrace the 'ease of doing business' concept

Local authorities here have been challenged to embrace the "ease of doing business" concept to enhance the achievement of a middle-income economy in line with the Government's Vision 2030. Speaking on...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Lenox Mine ownership wrangle deepens

TWO Flags Trading (Private) Limited is the legitimate owner of the gold-rich Lennox Mine in Mashava and various contestations by the rival Tambanashe Enterprises were a mere waste of the court's time,...

By Staff reporter | Published: 03 May 2019

OPINION

Regulating the right to protest

One of the biggest duties and responsibilities of any government is the protection of its citizens and all those that fall within its jurisdiction. Ironically, that protection is from other citizens. ...

By Nick Mangwana | Published: 03 May 2019

BUSINESS NEWS

Mthuli Ncube says 'TSP reforms led to growth'

Implementation of reforms under the Transitional Stabilisation Programme (TSP) has averted the economy from being weakened by adverse exogenous factors, Finance and Economic Development Minister Profe...

By Staff reporter | Published: 03 May 2019

MINING & RETAIL

Nando's flame-grilled chicken spreads its wings

Fast food giant, Nandos, today opens a new branch at Fife Avenue Shopping Centre in Harare. Yesterday, a publicist told The Herald that the company eyed to dominate the environs, buoyed by its saucy t...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

US opens $300m embassy in Zimbabwe

The United States of America opened its US$292 million embassy compound in Harare, a structural behemoth believed to be one its largest embassies in Africa and beyond. US Ambassador to Zimbabwe Brian ...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Zimbabwe to float infrastructure bond

Government will float an infrastructure bond and turn to private-public partnership (PPPs) to raise funding amid revelation that at least US$14bn is required to rehabilitate Zimbabwe's infrastructure....

By Staff reporter | Published: 02 May 2019

OPINION

Mnangagwa's govt ready to spill blood again

IT SEEMS President Emmerson Mnangagwa's young government has not learned from all the previous mistakes they have made in their time in power. Since coming into power following a military coup in Nove...

By Editorial - Daily News | Published: 02 May 2019

BUSINESS NEWS

Fairfax dismembers BancABC parent

KENYA'S leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa-focused banking group Atlas Mara to acquire...

By Staff reporter | Published: 02 May 2019

CONSTRUCTION & PROPERTY

Reduced stands sales weigh down ZPI

ZIMRE Property Investments (ZPI) says it recorded a loss of $1,42 million during the year ended December 31, 2018, compared to a profit of $2,49 million in 2017 due to portfolio restructuring and redu...

By Staff reporter | Published: 02 May 2019

INDUSTRIALS & ENERGY

General Beltings back in red

GENERAL Beltings (GB) has slipped back into the red after registering an operating loss of $323 000 in the year to December 2018 against a prior year operating profit of $6 000 due to high finance cos...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Mnangagwa's govt cashes in big on fuel excise duty

THE Zimbabwe Revenue Authority (Zimra) says exercise duty collections more than doubled during the first quarter of 2019 compared to the same period last year after government hiked duty for fuel in J...

By Staff reporter | Published: 02 May 2019

POLITICS

Zimbabwe youths want presidential age limit cut to 35

A CIVIC society grouping of youths has petitioned Parliament to reduce the age limit for presidential candidates to 35 in order to accommodate the youths.In its petition to the Speaker of Parliament J...

By Staff reporter | Published: 02 May 2019

POLITICS

MDC, ZCTU confrontation with Mnangagwa's govt unavoidable

THE main MDC opposition party and the country's biggest trade union - the Zimbabwe Congress of Trade Unions (ZCTU) - shall be taking to the streets to vent out their anger over the deteriorating econo...

By Staff reporter | Published: 02 May 2019

POLITICS

Chamisa again sets conditions for talks with Mnangagwa

The opposition MDC Alliance leader, Nelson Chamisa, has said he is prepared to meet President Emmerson Mnangagwa provided a "mutually respected adjudicator, local or international, and preferable a fo...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Mystery over Mangudya's new contract'

The fate of Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's stay in office remains a mystery after his first term lapsed on Tuesday amid indications that government is yet to extend his contra...

By Staff reporter | Published: 02 May 2019

FINANCIAL SERVICES

ZB mobilises offshore lines of credit

ZB Financial Holdings says it has successfully mobilised offshore lines of credit to support the productive sector of the economy as the group increased its profit after tax by 54% to US$21,8 million ...

By Staff reporter | Published: 02 May 2019

MINING & RETAIL

Makomo coal output plunges in Q1

Coal miner, Makomo Resources, says production in the first quarter of the year remained subdued, with output only reaching half of the company's target due to the unavailability of key raw materials."...

By Staff reporter | Published: 02 May 2019

POLITICS

Chamisa's MDC to lead Tsvangirai memorial vigil

MEMBERS of the Nelson Chamisa-led MDC will converge at the rural homestead of the late party founder, Morgan Tsvangirai, tomorrow night in party regalia to lead a vigil ahead of memorial service the f...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Cost of dying goes up in Zimbabwe

A NEW wave of price increases has seen hard-pressed Zimbabweans grappling with counting the cost of dying.Funeral insurance companies, hit by a failing local currency, have joined the bandwagon by inc...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Chamisa brags about the Zuva case which triggered a bloodbath in industry

OPPOSITION MDC leader Nelson Chamisa has at last been forced to respond to accusations he was anti-labour after his role in the infamous Zuva case in 2015 that triggered thousands of job losses.Chamis...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

ZiFM to broadcast State of the Economy Report launch

ZiFM Stereo will broadcast live the launch of the quarterly State of the Economy Report produced by the Africa Economic Development Strategies (AEDS) in conjunction with the Daily News.The report will...

By Staff reporter | Published: 02 May 2019

FINANCIAL SERVICES

Ecobank Zimbabwe standout performer among banks in F18

Ecobank Transnational Incorporated (ETI) is targeting a return on equity of over 20% in the short term for its Central, Eastern and Southern African (CESA) banking segment and is overall satisfied wit...

By Staff reporter | Published: 02 May 2019

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