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BUSINESS NEWS

RTG Bulawayo facelift to meet ZITF opening dates

RAINBOW Tourism Group (RTG) says the  refurbishment of its Bulawayo Rainbow Hotel will be completed by March 31, in time for the Zimbabwe International Trade Fair. RTG corporate communications an...

By Staff reporter | Published: 05 February 2019

BUSINESS NEWS

Mnangagwa's govt rapped for dilly-dallying over Motlanthe recommendations

LEGAL think-tank Veritas has rapped government's lethargy in implementing recommendations of the Commission of Inquiry into the August 1, 2018 post-election violence in which military personnel shot a...

By Staff reporter | Published: 05 February 2019

LANDS & AGRICULTURE

Pork industry records 20% growth

THE number of slaughtered pigs increased by nearly 20% in 2018 compared to the previous year, but the sector remained heavily constrained by high costs of feed and veterinary medicines, an official ha...

By Staff reporter | Published: 04 February 2019

FINANCIAL SERVICES

ZB adjusts housing project costs

ZB Financial Holdings Limited (ZBFH) is making pricing adjustments for its Plumtree housing project due to cost escalations, chief executive Ron Mutandagayi has said."The cost escalations have caused ...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Concern over slow MZWP progress as Bulawayo runs dry

Bulawayo residents have expressed concern over the slow progress in implementing the Matabeleland Zambezi Water Project (MZWP), which has been touted as the answer to the region's water crisis.MZWP is...

By Staff reporter | Published: 04 February 2019

MINING & RETAIL

Mine robbery gang members denied bail

The trial of eight Zvishavane men, who allegedly raided a Chinese mining company in Zvishavane recently failed to kick off in Gweru on Friday as the State is waiting for documents from their court of ...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Fuel price hike rumour trashed

ENERGY and Power Development Minister Joram Gumbo has assured motorists not to panic as Government is not planning to increase fuel prices again. His assurance comes after reports on social media indi...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

$46million drawn-down for RGM Airport facelift

Government has drawn-down $45,9 million, representing 30 percent of the total project cost for upgrading and modernisation of the Robert Gabriel Mugabe International Airport. The RGM International Air...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

IDCZ disposes stakes in Almin Metal Industries, Stone Holdings

THE Industrial Development Corporation of Zimbabwe (IDCZ) has disposed of its shareholding in Almin Metal Industries and Stone Holdings as part of a restructuring process to be completed this year. Th...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Investment bill to be gazetted in 2-3 weeks

THE Zimbabwe Investment Development Authority Bill (Zida) is set to be gazetted within the next few weeks. The merging of the country's investment entities mooted in May 2018 is inspired by the Rwanda...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Hwange extension project underway

The actual construction works for Zesa's US$1,4 billion Hwange Power Station (HPS) 7 and 8 extension project have started, giving hope the project will be completed within time and original budget, a ...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Acute fuel shortages rock Zimbabwe again

Energy and Power Development minister Jorum Gumbo yesterday claimed that fuel companies were concentrating on supplying outlying areas resulting in a shortage of the commodity in urban areas.Gumbo mad...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

TSL seeks forex to stay afloat

Industrial holdings group Tobacco Sales Limited (TSL) says it will this year focus on partnerships with international firms to generate foreign currency to cushion its operations.TSL's plan comes at a...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

NatPharm to open retail pharmacies

THE National Pharmaceuticals Company (NatPharm) will soon establish retail pharmacies that will dispense drugs at affordable prices and accept forms of payment accessible to the majority as Government...

By Staff reporter | Published: 03 February 2019

TRANSPORT & TOURISM

Bulawayo Rainbow Hotel closes

The Rainbow Tourism Group will temporarily close the Bulawayo Rainbow Hotel to make way for renovations.Rainbow Tourism Group Corporate Communications and Innovations Manager, PrideKhumbula said the h...

By Staff reporter | Published: 03 February 2019

TRANSPORT & TOURISM

Zimbabwe airports' utilisation below 30%

Capacity utilisation at local airports has slumped to below 30 percent on the back of continued operational challenges facing national airline, Air Zimbabwe.This comes at a time the Civil Aviation Aut...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

7-Star Swiss hotel for Zimbabwe

Swiss billionaire and owner of Dolder Grand Hotel in Zurich, Mr URs Ernst Schwarzenbach, has expressed interest in investing in Zimbabwe, in a development that could bring an ultra-luxury, 7- Star hot...

By Staff reporter | Published: 02 February 2019

TRANSPORT & TOURISM

Air Zimbabwe moves in to curb arbitrage

Financially-troubled national airline Air Zimbabwe (AirZim) has instructed its travel agents to start charging in foreign currency for passengers flying into the country as the company seeks to turnar...

By Staff reporter | Published: 01 February 2019

INDUSTRIALS & ENERGY

AB InBev gives Delta breathing space

Delta Corporation's anchor shareholder, AB InBev, will place over $120 million in unremitted dividends and fees in Reserve Bank of Zimbabwe (RBZ) savings bonds thereby reducing pressure on the demand ...

By Staff reporter | Published: 01 February 2019

FINANCIAL SERVICES

WorldRemit launches money transfer service from SA to Zimbabwe

Leading digital money transfer service WorldRemit has launched low-cost online money transfers from South Africa to Zimbabwe.Using the WorldRemit app or website, Zimbabweans living in South Africa can...

By Staff reporter | Published: 31 January 2019

MINING & RETAIL

South African firm injects R55 billion into Lupane gas

A SOUTH African mining firm Tumagole Consortium says it is committed to investing R55 billion into the Coal-Bed Methane mining project in Lupane. Tumagole Consortium officials, who were led by South A...

By Staff reporter | Published: 31 January 2019

TRANSPORT & TOURISM

$15m hotel under construction

HOSPITALITY concern, Ilala Lodge Hotel Group has started the construction of a $15 million hotel along the Zambezi River in Victoria Falls. In a statement, the group said the building of the four-star...

By Staff reporter | Published: 31 January 2019

INDUSTRIALS & ENERGY

Zesa engages BCC over power station

State power utility Zesa Holdings says it will engage Bulawayo City Council (BCC) and other stakeholders to resolve the ownership wrangle over Bulawayo Power Station, which BCC claims to own. This com...

By Staff reporter | Published: 31 January 2019

MINING & RETAIL

Companies Bill presented

JUSTICE minister Ziyambi Ziyambi yesterday presented the second reading of the Companies and Other Business Entities Bill which, among other provisions, facilitates the electronic registration of busi...

By Staff reporter | Published: 31 January 2019

MINING & RETAIL

Miners object EPOs introduction

Zimbabwe Miners Federation (ZMF), the umbrella body representing small-scale miners, is opposing applications for Exclusive Prospecting Orders (EPOs) made by 11 local and international mining companie...

By Staff reporter | Published: 31 January 2019
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