DELTA Beverages, the country's largest beverages manufacturer is closing its Victoria Falls depot, as part of a rationalisation exercise, the company has confirmed.Delta corporate affairs director, Al...
GOVERNMENT has dispatched a technical team to Karoi in Mashonaland West to explore gemstones, a Minerals Marketing Corporation of Zimbabwe (MMCZ) official has revealed."I want to touch briefly on the ...
Simbisa Brands' bakery unit, Bakers Inn, says it has invested about $2 million in a new factory in the country's second largest city - Bulawayo - as it moves to drive its 450 000 loaves per day output...
THE Zimbabwe Mining and Smelting Company, once the largest ferrochrome producer in the country and a force to reckon with in Africa, is slowly making its way up to the top again, rising from a debt ov...
A BILL that will curb corruption at State enterprises and parastatals (SEPs) and hefty salaries of chief executive officers is now before Parliament.Clerk of Parliament Kennedy Chokuda on Monday invit...
A GROUP of businesspersons has championed an initiative to engage potential local and foreign partners in harnessing investment for Gwanda Town.Operating under the Gwanda Investment and Economic Devel...
ZIMBABWE has generated about $22.6 million from 153 000 tonnes of chrome ore exported through toll arrangement since last year, an official has said.Speaking during a small-scale miners' conference in...
THE country's biggest shoe manufacturer, Bata Shoe Company, plans to increase production of its Pata Pata and Sandak brands in response to increasing market demand.Bata last year sold about 1,2 millio...
PRIVATE schools in the country are facing hard times with some of them coming up with drastic measures to save their institutions from collapse due to financial challenges.Petra Schools Trust in Bulaw...
INDUSTRY and Commerce Minister, Dr Mike Bimha, has appointed the inaugural National Competitiveness Commission board, which is expected to come up with strategies to improve local industry competivene...
OVER 100 Wattle Company employees last week downed tools and footed a 40km journey from the company's timber estate in Vumba to its headquarters in Mutare in protest over non-payment of their salaries...
Financial innovation can be defined as the act of creating and then popularising new financial instruments.This implies advances over time in the financial instruments and payment systems used in the ...
Finance and Economic Development Minister Patrick Chinamasa has waived the backdated Value Added Tax (VAT) accruing on food and beverages offered by the tourism industry as part of packaged accommodat...
HOME Affairs Minister Ignatius Chombo says his arrest and civil imprisonment for defying court orders was now imminent and has instructed his lawyers to file an urgent application to stop the Sheriff ...
THE government's recent offer to provide housing units for its employees has left civil servants' unions sharply divided, with the Progressive Teachers' Union of Zimbabwe (PTUZ) rubbishing the scheme ...
GOVERNMENT has paid the last tranche of civil servants' 2016 bonuses four months before the end of another year, when it is expected to honour the same obligation.President Robert Mugabe's administrat...
THE Urban Development Corporation (Udcorp) board has set up a committee to spearhead its transformation, as it seeks to place itself as the leader in the provision of low-income houses after receiving...
ZANU-PF youth in Manicaland province have accused ruling party bigwigs of receiving 10% of farm produce sold by white commercial farmers in the area as protection fee.Speaking at an inter-district mee...
The national flag carrier Air Zimbabwe and the Civil Aviation Authority of Zimbabwe's fight over passenger service fees is set to be a thing of the past with the two entities agreeing on the setting u...
National Railways of Zimbabwe (NRZ) board and management must actively pursue the mineral claims in South Africa as they could provide an important source of leverage in sourcing funding, Parliament h...
INDUSTRIALSThe Industrial Index retreated 0.31 points (0.15%) to close at 200.15 points. BARCLAYS (BARC.zw) shed $0.0065 to trade at $0.0360, FIDELITY LIFE (FIDL.zw) eased $0.0025 to end at $0.1375 wh...
British American Tobacco said it is pleased to announce today the completion of the acquisition of the remaining 57.8% of Reynolds American the Company did not already own.The acquisition creates a st...
Thursday August 17 is D-day for Duduzane Zuma and Ajay Gupta, who are due to testify at the parliamentary inquiry into Eskom.The inquest into the state of affairs at the power utility officially start...
The University of Zimbabwe (UZ) has opened its doors for the inaugural Research Week, which began this Monday to the 30th of July, where students and their staff are showcasing their scope of work and...
With an aim to become a regional power distribution hub by 2021, Zimbabwe has announced that it will construct a 1,000km regional power line in 2018 in partnership with stakeholders from Mozambique a...