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ZIMBABWE

'Total exports to grow to $3.9bn by year-end'

GOVERNMENT has projected that total exports will grow to $3,9 billion by year-end driven by a strong performance in tobacco, platinum group metals (PGMs), nickel and many others.In his 2016 annual bud...

By Staff reporter | Published: 24 July 2017

Econet brings in VoIP with One Horizon Group

Zimbabwean operator Econet Wireless and One Horizon Group have partnered to launch a mobile Voice over IP service branded 'Econet Plus', which is set to remove roaming charges for users of the service...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Choppies to use dividends unclaimed for 3 years

Choppies Enterprises advised its shareholders that dividends unclaimed for 3 years from the due date of payment may become the property of the Company and used for the benefit of the Company.Choppies ...

By Ngoni Shenjere | Published: 24 July 2017

MINING & RETAIL

PPC CEO quits

The chief executive of cement maker PPC, Darryll Castle, quit on Monday. This comes a few days after Tito Mboweni's unexpected resignation from PPC's board has prompted speculation that it might relat...

By Ngoni Shenjere | Published: 24 July 2017

MINING & RETAIL

Too much publicity spoiled Zisco/Essar deal

INDUSTRY and Commerce Minister, Dr Mike Bimha said "too much publicity" frustrated the $750 million Zisco/Essar Global deal.The Government in 2011 sealed the mega-deal with Essar Global, an Indian co...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Govt probes Apple Bridge chrome deals

The Government has directed Apple Bridge Investment, a special purpose vehicle it created to buy and export chrome from small scale miners, to declare its business dealings over the past year followin...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Supermarket in court for withholding cash

A BULAWAYO supermarket has been dragged to court by the Reserve Bank of Zimbabwe (RBZ) over failure to submit cash sales returns and deposits to the central bank.The Greens Supermarket director, Arthu...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Gain Cash and Carry invests $1m in Bulawayo

GAIN Cash and Carry has opened its first branch in Bulawayo after investing about $1 million dollars in setting up the business.The wholesale company acquired the business through a management buyout ...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Venture into mining sector, women urged

WOMEN should empower themselves by taking advantage of the existing investment opportunities in the country, a senior official has said.Speaking during the Mine Entra expo in Bulawayo last week, Wome...

By Staff reporter | Published: 24 July 2017

BUSINESS NEWS

Zim fares poorly on global innovation index

INDUSTRY, Education and Government should collaborate in developing innovative solutions to industrial challenges.Addressing captains of industry, university and polytechnics officials during a Scienc...

By Staff reporter | Published: 24 July 2017

BUSINESS NEWS

Tax break for Bulawayo investors

THE Bulawayo City Council has resolved to exempt industries and investors operating under the recently approved Special Economic Zone (SEZs) from paying rates for up to five years to stimulate develo...

By Staff reporter | Published: 24 July 2017

TELECOMS & TECHNOLOGY

Econet ready to share infrastructure

MOBILE phone operator Econet says it is ready to share infrastructure with other operators but only if all players contribute equally.Speaking at the four day Institute of Chartered Accountants of Zi...

By Staff reporter | Published: 24 July 2017

MINING & RETAIL

Diamond output rises on $30m injection

Zimbabwe's diamond output for the first half of 2017 jumped to 1,1 million carats (220kg) against 690 000 carats produced during the whole of 2016.The big rise in diamond production follows Governmen...

By Staff reporter | Published: 24 July 2017

AFRICA NEWS

SA rand recovers after surprise rate cut

The rand bounced back on Friday morning after Thursday's surprise interest rate cut hit the South African currency, as analysts predict that a weak dollar and high risk appetite will outweigh local c...

By Staff reporter | Published: 24 July 2017

POLITICS

Mugabe acknowledges frailty

In a rare acknowledgement of his frailty, President Robert Mugabe has said he will jump for joy at the loyalty and love shown by his party’s youth wing, but if he can’t jump physically, he’ll us...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Simbisa Brands eyeing listing on LSE's AIM

Zimbabwe Stock Exchange listed Simbisa Brands, the company which houses fast food names such as Chicken Inn and Pizza Inn, is reportedly eyeing a secondary listing on the London Stock Exchange Alterna...

By Staff reporter | Published: 23 July 2017

POLITICS

Mugabe's deputies engaged in a cold war

President Robert Mugabe's deputies - Emmerson Mnangagwa and Phelekezela Mphoko - are engaged in a cold war of sorts over the emotive succession debate notwithstanding the camaraderie they exhibit in p...

By Staff reporter | Published: 23 July 2017

BUSINESS NEWS

Civil servants housing scheme details out

Government workers will pay a minimum monthly contribution of US$150 under the Civil Service Housing Scheme, with construction scheduled to begin this year.State officials and civil servants' represen...

By Staff reporter | Published: 23 July 2017

ZIMBABWE

'Chinamasa fiscal review an admission of failure'

Finance minister Patrick Chinamasa's mid-term fiscal policy review is "empty" and an "insult" to long-suffering Zimbabweans, which proves an admission of leadership failure, opposition parties said.P...

By Staff reporter | Published: 23 July 2017

OPINION

'Zimbabwe army to decide Mugabe successor'

Daily News chief writer Fungi Kwaramba sat down with respected University of Zimbabwe Political Science lecturer, Eldred Masunungure, to unpack the thorny succession issue in Zanu-PF, which has caus...

By Staff reporter | Published: 23 July 2017

EDUCATION

Zim struggles to fund new schools curriculum

Government is seeking assistance to fund implementation of the new schools curriculum, with Primary and Secondary Education deputy minister Paul Mavhima saying they will only be able to disburse reso...

By Staff reporter | Published: 23 July 2017

POLITICS

'Mugabe won't name successor'

Controversial former leader of Chipangano, an alleged Zanu-PF terror group, Jim Kunaka, has waded into the ruling party's succession matrix, dismissing suggestions that President Robert Mugabe must n...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Zim mining sector to grow 5.1%

The mining sector is seen growing 5,1 percent this year buoyed by positive performance from the gold, platinum, chrome, coal and nickel sectors, Finance minister Patrick Chinamasa said.Chinamasa on T...

By Staff reporter | Published: 23 July 2017

FINANCIAL SERVICES

Banks disbursing funds for retooling of companies

THE Reserve Bank of Zimbabwe (RBZ) and a number of financial institutions have started disbursing funds for the recapitalisation of companies whose products were placed on import restriction under th...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

CSC disputes leave investors with cold feet

DELAYS in resolving the dispute between the Cold Storage Company (CSC) and its creditors, mainly former workers, is likely to frustrate investors and prejudice already secured markets, analysts have ...

By Staff reporter | Published: 23 July 2017

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