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BUSINESS NEWS

Zinara trio in forex scam

Three Zimbabwe National Road Administration (ZINARA) bosses appeared in court yesterday charged with illegally sourcing foreign currency on the pretext of servicing a $206 million loan for the rehabil...

By Staff reporter | Published: 20 July 2017

INDUSTRIALS & ENERGY

Command Agriculture boosts Delta volumes

Delta Corporation lager volumes have stemmed the declining trend in preceding quarters after they recorded a 12 percent growth in the first quarter to June above the comparative period last year.This ...

By Staff reporter | Published: 20 July 2017

TRANSPORT & TOURISM

NRZ targets $3,5 million freight this year

The National Railways of Zimbabwe (NRZ) is targeting to move freight worth $3,5 million and 387 000 passengers this year, a Parliamentary Portfolio Committee has said."In 2017 NRZ said it would transp...

By Staff reporter | Published: 20 July 2017

MINING & RETAIL

Zim small scall miners to surpass 12t gold target

SMALL-scale miners have said they will surpass the 12 tonne gold production target set for this year on the back of increased support from the Government.The mining sector is on a rebound as shown by ...

By Staff reporter | Published: 20 July 2017

POLITICS

Mujuru savages Grace Mugabe

FORMER Vice-President Joice Mujuru has hit out at First Lady Grace Mugabe (pictured), describing her as a selfish person, with no regard for suffering Zimbabweans.The First Lady made headlines after s...

By Staff reporter | Published: 20 July 2017

LANDS & AGRICULTURE

Milk production to double by 2022

The Zimbabwe Association of Diary Farmers (ZADF) anticipates to double milk production by 2022.This came out at the 4th annual general meeting currently underway in Nyanga.ZADF national chairman Mr Em...

By Staff reporter | Published: 19 July 2017

ZSE TODAY

Market Commentary 19 July 2017

INDUSTRIALSThe Industrial Index resumed the upward trend after adding 0.65 points (0.33%) to settle at 198.55 points in a session characterised by widespread activity. CFI (CFI.zw) led the movers with...

By zse | Published: 19 July 2017

ZIMBABWE

'ZSE to continue trending upwards'

The market is anticipated to trend upwards in the near future as institutional investors invest in the Zimbabwe Stock Exchange (ZSE), despite a lack of support from fundamentals, local analysts say.E...

By Staff reporter | Published: 19 July 2017

TRANSPORT & TOURISM

Parly asks Govt to assume NRZ debt

GOVERNMENT must assume the $90 million debt owed to National Railways of Zimbabwe (NRZ) employees by end of September this year, a parliamentary portfolio committee has said.The Parliamentary Portfoli...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

'Bond notes to raise export earnings'

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya clocked three years at the helm of the apex bank in March this year.Our Business Editor, John Kachembere, spoke to the central bank chief who is a...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Chinamasa to present the Budget Review Statement

FINANCE and Economic Development Minister Patrick Chinamasa will present Zimbabwe's Annual Budget Review Statement and the 2017 Economic Outlook in the National Assembly tomorrow as a way to appraise ...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Mine Entra kicks-off

Zimbabwe's premier mining exhibition, Mine Entra, has begun in Bulawayo, with a number of issues affecting the industry coming under the spotlight.The mining exhibition began with a Women in Mining Br...

By Staff reporter | Published: 19 July 2017

LANDS & AGRICULTURE

Zimbabwe bans maize imports

The government has with immediate effect banned all maize imports and the issuance or renewal of import licences for maize has also been stopped forthwith.After reviewing the state of maize deliveries...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Businessman, artisanal miners clash

Mashonaland West's sole manufacturer of stock feed, Mr Taurai Mtisi has raised a red flag over uncontrolled mining activities close to his plant where he says he fears the operations pose a threat to ...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

2017 Mine Entra kicks-off -Live update

11:29: We advocate for a women's bank with no stringent conditions- Damasane. She ends her speech.11:28: Damasane calls for a 50-50 representation in boards and institutions to ensure equal opportunit...

By Staff reporter | Published: 19 July 2017

TRANSPORT & TOURISM

New Zimbabwe tourism attractions on cards

Zimbabwe is set to develop new and unexplored tourism attractions to enhance its chances of making the sector a $5 billion economy by 2020.The initiative is part of the National Tourism Master Plancra...

By Staff reporter | Published: 19 July 2017

TELECOMS & TECHNOLOGY

NetOne eyes new investment initiatives

ZIMBABWE'S second largest mobile network operator by subscriber numbers, NetOne, is set to embark on new investment initiatives running into hundreds of millions of dollars upon completion of its $219...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Zimbabwe's IPPs output rises 416%

INDEPENDENT Power producers' output for 2016 increased 416 percent to 277,7 gigawatt hour from 57,8 GWh a year earlier, according to report by the power utility Zesa Holdings.277,7 gigawatt hour from ...

By Staff reporter | Published: 19 July 2017

Tito Mboweni resigns from PPC Board

South African cement producer Portland Pretoria Cement (PPC), which is the parent company of PPC Zimbabwe, has advised its shareholders that Mr Tito Mboweni, an independent non-executive director, and...

By Ngoni Shenjere | Published: 19 July 2017

Envoy urges French firms to invest in Zim

FRANCE'S ambassador to Zimbabwe, Richard Boidin has implored French companies to make long-term investments and has promised to draw more investors to Zimbabwe.Speaking at the French National Day, pop...

By Staff reporter | Published: 19 July 2017

INDUSTRIALS & ENERGY

Zimbabwe shoe company eyes Sadc market

Bulawayo shoe manufacturing company, Millennium Footwear, is exploring export opportunities in the Southern African Development Community (Sadc) region following the collapse of the local consumer bas...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Zim engineers invited to enter Engineering Innovation Africa Prize

Engineers from Zimbabwe and others from sub-Saharan Africa have been invited to enter the fourth edition of the prestigious Africa Prize for Engineering Innovation.Engineers from Zimbabwe have feature...

By Staff reporter | Published: 19 July 2017

FINANCIAL SERVICES

RTGS transactions in sharp deadline

The value of Real Time Gross Settlement transactions through the NPS declined 21 percent from $1.3 billion in the week ending June 7 2017, data from the central bank shows. In its weekly report for th...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Investors shun CMED over cash shortages

Foreign payment challenges obtaining in Zimbabwe have affected investment prospects for ailing State owned Central Mechanical Department's fuel business unit, it has emerged. While investors are willi...

By Staff reporter | Published: 19 July 2017

POLITICS

Mujuru rubbishes Tsvangirai deadline

PROSPECTS of an opposition coalition against President Robert Mugabe continue to hit turbulence, with National People's Party (NPP) leader, Joice Mujuru yesterday distancing herself from claims by MDC...

By Staff reporter | Published: 19 July 2017

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