Latest News

INDUSTRIALS & ENERGY

Fuel blending to go up to 30%

THE government says plans are underway to increase mandatory blending levels of unleaded petrol with ethanol to E30 and beyond as part of measures to arrest energy costs.Responding to questions on gov...

By Prosper Ndlovu | Published: 23 June 2015

BUSINESS NEWS

Zimbabwe's private sector debt estimated at $4bn

ZIMBABWE carries an estimated $4 billion private sector debt it needs to validate and service in order to open fresh lines of credit.This indication comes against sentiment that part of the reason Zim...

By Golden Sibanda | Published: 23 June 2015

BUSINESS NEWS

Sanganai/Hlanganani to move to Bulawayo

THE government has directed the Zimbabwe Tourism Authority (ZTA) to move the Sanganai/Hlanganani World Tourism Expo to Bulawayo starting next year amid reports 10 foreign exhibitors were locked out fr...

By Oliver Kazunga | Published: 23 June 2015

MINING & RETAIL

KPCS meeting opens in Luanda

The Kimberly Process Certification Scheme intercessional meeting has started in Luanda Angola, with the initial working group sessions avoiding contentious issues to do with the vice chairmanship and ...

By Staff reporter | Published: 23 June 2015

TRANSPORT & TOURISM

Air Zimbabwe re-launches Lusaka route

Air Zimbabwe has today re-launched its Harare-Lusaka route which was discontinued in 2011 due to low passenger traffic. The airline will now be flying between Harare and Lusaka three times a week - o...

By Walter Muchinguri | Published: 22 June 2015

ZSE TODAY

Equities market maintains bearish form

The equities market opened the week lower, maintaining the downward trend from last week as activity remains low.Activity today was limited to only 10 counters.The industrial index shed 1.05 (or 0,69...

By Staff reporter | Published: 22 June 2015

INDUSTRIALS & ENERGY

CAPRI commissions $12m plant

A local refrigeration manufacturer, CAPRI has commissioned a $12 million plant that is expected to help boost capacity utilisation to 100 percent with immediate effect.The company's product availabili...

By Staff reporter | Published: 22 June 2015

TRANSPORT & TOURISM

Zinara mulls border upgrades

The Zimbabwe National Roads Administration (ZINARA) has dangled the idea of a corridor master development plan (CMDP) towards the dualisation of the Beitbridge-Chirundu road, which emphasises the upgr...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Bid to block Zim trade in diamonds

The government controlled Herald, reported that attempts by Western countries to discourage trade in Zimbabwean diamonds at the Kimberly Process Certification Scheme Intercessional Plenary which start...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Zimbabwe records more mergers

Ten mergers have been approved so far by the Competition and Tariff Commission (CTC) amid indications that more local companies would seek foreign partners to strengthen balance sheets.CTC assistant d...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Zimbabwe targets 50 tonnes of gold

Minister of Finance Patrick Chinamasa told junior parliamentarians that the government was implementing measures to increase gold production in the country. Chinamasa noted that government had recentl...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Meikles Mega Market opens sixth branch

Meikles Mega Market wholesale and retail chain has opened its sixth branch as it expands its footprint across the country. The sixth branch, in Gweru, was opened last week and is the second-largest in...

By Staff reporter | Published: 22 June 2015

AFRICA BUSINESS

SA mine union boss decries "apartheid" wage system

The newly elected head of South Africa's biggest mine union said on Sunday that his members were still being paid "apartheid" wages, signaling a hard line ahead of gold sector wage talks due to start ...

By Reuters | Published: 22 June 2015

EUROPE

British business leaders plan campaign for EU exit

A group of British business leaders and entrepreneurs are preparing to launch a campaign for Britain to leave the European Union at a planned membership referendum, a major donor to the UK Independenc...

By Reuters | Published: 22 June 2015

EUROPE

Euro rises as Greece offers new proposals to avert default

The euro rose against the dollar on Monday on a glimmer of hope that Greece may avert a debt default after Athens offered new proposals to foreign creditors ahead of the emergency euro zone summit lat...

By Reuters | Published: 22 June 2015

LANDS & AGRICULTURE

Tobacco farmers net $484 million

Zimbabwe  tobacco farmers have so far auctioned 164 million kg of the crop worth $484 million since the opening of the 2015 selling season in March.Statistics released by the Tobacco Industry and...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Zimbabwe moves to scrap travellers' rebates

Zimbabwe is considering scrapping travellers' rebates on basic commodities to boost local industry, Finance minister Patrick Chinamasa said on Thursday.Chinamasa told delegates attending the Buy Zimba...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Investors renew Zimbabwe interest

After shunning Zimbabwe during its years of hyper-inflation and political strife, foreign investors are finding the country increasingly attractive following the lifting of  European Union (EU) e...

By Staff reporter | Published: 22 June 2015

POLITICS

Brainworks roasted in Parliament

Brainworks Capital Management Limited (Brainworks), the company at the centre of Zimbabwe's controversial indigenisation deals says government abandoned the implementation of the transactions almost t...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Discovery Sport launched in Zimbabwe

The new Land Rover Discovery Sport, the world's most versatile and capable premium compact sport utility vehicles (SUV), is now available in Zimbabwe following its launch in the country on Wednesday.N...

By Staff reporter | Published: 22 June 2015

TRANSPORT & TOURISM

Zimbabwe launches prepaid tolling card

The Zimbabwe National Roads Administration (Zinara) has launched a prepaid tolling card for the motoring public's "convenience and especially those in the logistics sector to have total control, and o...

By Staff reporter | Published: 22 June 2015

LANDS & AGRICULTURE

'Zimbabwe to stop milk imports in 3 years'

The Zimbabwe Association of Dairy Farmers (ZADF) says 85 percent of milk consumed by citizens is imported, a situation that has forced government to come up with a policy to stop milk imports in three...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Zimbabwe to settle $10bn debt, says AfDB

Zimbabwe will craft a "debt repayment plan" to address the country's over $10 billion debt overhang by August, the African Development Bank (AfDB) to Zimbabwe representative said.Mateus Magala, the Af...

By Staff reporter | Published: 22 June 2015

TELECOMS & TECHNOLOGY

Vere appointed new Telecel boss

Angeline Vere has been appointed as Telecel Zimbabwe (Telecel)'s new chief executive with effect from June 1, 2015.The trained lawyer, who has been the company's general manager for years, takes over ...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Zinara mulls development plan

The Zimbabwe National Roads Administration (ZINARA) has dangled the idea of a corridor master development plan (CMDP) towards the dualisation of the Beitbridge-Chirundu road, which emphasises the upgr...

By Staff reporter | Published: 22 June 2015

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