Latest News

INDUSTRIALS & ENERGY

Govt, Sakunda work on $68m irrigation project

GOVERNMENT and Sakunda will collectively invest $68 million towards installation of centre pivots to strengthen irrigation infrastructure in support of agricultural programmes for import-substitution,...

By Staff reporter | Published: 08 August 2017

MINING & RETAIL

Freda Rebecca Mine finance chief on the run

Police are looking for Freda Rebecca Mine chief finance officer Kwong Po Shum for allegedly defrauding the company of over $214 000.According to a statement from Bindura CID, Kwong misrepresented that...

By Staff reporter | Published: 08 August 2017

MINING & RETAIL

ASA in fresh shareholder dispute

FREDA Rebeca's controlling London-listed shareholder, Asa Resources Plc, has run into a fresh shareholder dispute after a 15 percent owner in its Bindura gold mining unit accused the Chinese controlle...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

CZI honours excelling companies

SEVERAL companies scooped awards of excellency at the just-ended 2017 Confederation of Zimbabwe Industries (CZI) congress here. Retail chain Metro Peech and Browns landed the company of the year title...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Cut freebies for executives, says IDBZ

The Government and the private sector should stop giving freebies to top executives and harness resources for infrastructure projects that will support economic growth, veteran economist, Mr Thomas Zo...

By Staff reporter | Published: 08 August 2017

INDUSTRIALS & ENERGY

SecZim warns Van Hoogstraten

SecZim has warned businessman Van Hoogstraten against violating market rules after his investment vehicle tabled an informal rival offer to CFI Holdings minorities.SecZim chief executive Tafadzwa Chin...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Cash, RTGS gap widens

The gap between cash in circulation and virtual balances is seen widening despite initiatives to boost foreign currency earnings through exports, driven by speculative cash hoarding and the externaliz...

By Staff reporte | Published: 08 August 2017

BUSINESS NEWS

Victoria Falls seeks investors

Victoria Falls Town Council is looking for business investors across different fields, as the resort town continues to face difficulties in raising capital for its own development.The resort town's ma...

By Staff reporter | Published: 08 August 2017

INDUSTRIALS & ENERGY

Ingwebu yet to resume mahewu production

INGWEBU Breweries management is not certain when the production of its non-alcoholic sorghum mahewu, which was suspended recently, will resume.Ingwebu, run by the Bulawayo Municipal Commercial Underta...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Zim to implement ease of doing business reforms

AT least five regulatory authorities have started implementing some of the reforms recommended under the rapid results initiative (RRI) for the ease of doing export business.A ZimTrade monthly report ...

By Staff reporter | Published: 08 August 2017

FINANCIAL SERVICES

Insurance sector registers 32% asset growth

The Insurance and Pension Commission (Ipec) says the insurance industry registered a 32% total asset base growth to $5,4 billion, as at March 2017 due to growth in equities and asset revaluations.Ipec...

By Staff reporter | Published: 08 August 2017

ZIMBABWE

Budget deficits threat to Zim economy, says WB

WORLD Bank representative in Zimbabwe, Johannes Herdeschee has said while the country faced a myriad of problems, fiscal deficits, which have ballooned to 10% of gross domestic product, were the bigge...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Seek ZDF artisanal skills, says Sekeramayi

THE Minister of Defence, Dr Sydney Sekeramayi, has invited communities with ongoing projects to approach the Zimbabwe Defence Forces for assistance with artisanal skills as that is part of their non-m...

By Staff reporter | Published: 08 August 2017

INDUSTRIALS & ENERGY

Monarch exports up 167%

MONARCH Steel, a division of Treger Group of Companies has recorded 167 increase in export volumes since last year buoyed by Government's measures to support local industries.This has seen the company...

By Staff reporter | Published: 08 August 2017

INDUSTRIALS & ENERGY

Sino-Hydro, Zesa deal settled

SINO-Hydro has concluded a power purchase agreement with the Zimbabwe Electricity Transmission and Distribution Company for the supply of power from Hwange 7 and 8 units, a critical step towards reach...

By Staff reporter | Published: 08 August 2017

LANDS & AGRICULTURE

Arda Antelope creates 320 jobs

ABOUT 320 jobs have been created at the Agricultural and Rural Development Authority (Arda) Antelope Estate in Maphisa, Matobo District, alone through revitalised agricultural production, Acting Presi...

By Staff reporter | Published: 08 August 2017

LANDS & AGRICULTURE

Tobacco sales generate $540 million

TOBACCO sales have generated $540.9 million from 182.3 million kilogrammes that have gone under the hammer since the beginning of the marketing season in March, latest official data show.Last year, d...

By Staff reporter | Published: 08 August 2017

LANDS & AGRICULTURE

Avocado exports rake in $4.2 million

ZIMBABWE'S revenue from avocado exports increased by over 301.9 percent to $4.2 million last year from $1 million in 2012 driven mainly by large-scale avocado producers in Manicaland.In a monthly news...

By Staff reporter | Published: 08 August 2017

POLITICS

Mphoko supports local businesses

VICE President Phelekezela Mphoko was one of the first customers to visit the newly opened Kentucky Fried Chicken (KFC) outlet in Bulawayo on Sunday.In an interview, the Vice President said he visited...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

'Local content for 13 sectors'

THE Confederation of Zimbabwe Industries has proposed local content regulations on products or operations of foreign firms in 13 sectors including mining, agriculture, manufacturing, energy and touris...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Civil Service Commission suspends retrenchments

THE Civil Service Commission has frozen the rationalisation exercise in the public service that sought to reduce the Government wage bill, it has emerged.CSC chairperson Dr Mariyawanda Nzuwa yesterday...

By Staff reporter | Published: 08 August 2017

EDUCATION

Jonathan Moyo reverses private schools closure

THE Government has described as null and void the immediate closure of 251 private and independent training institutions over non-compliance with operational and registration statutes, conceding that ...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Harare to recruit 300 municipal police officers

Harare City Council has resolved to recruit an additional 300 municipal police officers to enforce the ban on pushcarts in the central business district as the local authority moves to bring sanity in...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Meet Southern Africa's billionaires

There are 11 billionaires from the Sadc region on this year's Forbes list of 25 billionaires on the African continent.The list, released in March, showed that Mohammed Dewji of Tanzania is still the y...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Bimha to lead business delegation to Namibia

INDUSTRY and Commerce Minister Dr Mike Bimha will lead a high-powered business delegation for the Namibia-Zimbabwe Business Forum to be held in Namibia in October.According to ZimTrade a number of Zim...

By Staff reporter | Published: 08 August 2017

Latest News

Latest Published Reports

Latest jobs