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INDUSTRIALS & ENERGY

Durawood to resume production

ONE of the country's oldest wooden flooring and furniture companies, Durawood Products, is set to resume full-throttle production before the end of this year after scaling down its operations in the ...

By Business Reporter | Published: 08 September 2013

ZIMBABWE

Zimbabwe misses IMF diamond revenue target

ZIMBABWE has missed a June deadline to ensure diamond revenue from Marange flows into Treasury as part of reforms under a supervised programme by the International Monetary Fund (IMF), the Standard r...

By Business reporter | Published: 08 September 2013

ZIMBABWE

Zimbabwe's economic future uncertain , says WB

THE World Bank has said the 2014 outlook for Zimbabwe's still ailing economy remains increasingly uncertain due to a host of internal and external factors, the Standard reported.In its September Econ...

By Business reporter | Published: 08 September 2013

TRANSPORT & TOURISM

Zimbabwe needs tourism master plan

The UNWTO General assembly hosts, Zimbabwe and Zambia, are probably still patting each other on the back for a job well done and so too may many of the participants to the event.The dust from the Uni...

By Staff reporter | Published: 06 September 2013

AFRICA BUSINESS

Striking SA gold miners start returning to work

JOHANNESBURG - Some striking South African gold mine workers have accepted a new wage offer from producers and started returning to work Friday, a union leader said.National Union of Mineworkers (NUM...

By AFP | Published: 08 September 2013

MINING & RETAIL

Miners eye $35m facilities

SMALL scale gold miners have taken steps to unlock at least $35 million funding facilities from Government amid pledges for assistance from other financiers and investors.Gold Miners Association of Zi...

By Business reporter | Published: 06 September 2013

TRANSPORT & TOURISM

Zimbabwe's hotel occupancies up 2%

Zimbabwe's average hotel room occupancy levels rose by a marginal 2 percent to 41 percent during the first half of the year compared to the 39 percent recorded during the same period last year.Accord...

By Business reporter | Published: 06 September 2013

LANDS & AGRICULTURE

Interfresh rights offer 58% subscribed

Diversified agro-business concern, Interfresh has managed to raise the $3 million for working capital and settling debts that it was targeting through a rights offer.The Zimbabwe Stock Exchange listed...

By Business reporter | Published: 06 September 2013

BUSINESS NEWS

Jupiter acquires Mawazo brandevelopment

The Jupiter Drawing Room (Harare) has acquired local advertising agency Mawazo Brand Development.The acquisition concluded on August 1, 2013 saw Mawazo cease to operate and was subsequently incorporat...

By Business reporter | Published: 06 September 2013

TELECOMS & TECHNOLOGY

POTRAZ releases national frequency usage draft

The Postal and Telecommunications Regulatory Authority of Zimbabwe has released the Zimbabwe National Frequency Allocation Plan draft, which will set guidelines on how radio frequency spectrum will be...

By Business reporter | Published: 06 September 2013

FINANCIAL SERVICES

Nigel Chanakira sells his AfrAsia Kingdom Zimbabwe stake

Kingdom Bank founder Nigel Chanakira has disposed his 30% indirect interest in AfrAsia Kingdom Holdings Ltd that is owned by his family's investment vehicle Crustmoon Investments (Pvt) Ltd.This was r...

By Business reporter | Published: 06 September 2013

ZSE TODAY

Industrials see-saw to end week firmer

ZSEs mainstream Industrials see-sawed to end the week in the positive territory amid renewed interest in selected counters across the board.Buyers outnumbered sellers by 53 to 30 on the 65 active coun...

By Business reporter | Published: 06 September 2013

INDUSTRIALS & ENERGY

NatFoods plans massive recapitalisation

Zimbabwe Stock Exchange (ZSE) listed diversified conglomerate, National Foods says it is set to inject close to $7 million on capital expenditure as part of efforts to improve the operations of the ma...

By Staff reporter | Published: 06 September 2013

ZIMBABWE

Belgium demands lifting of Zim diamond sanctions

Brussels - Belgium, centre of the global diamond trade, is demanding that the European Union lift sanctions on a Zimbabwean mining firm despite deep concerns within the bloc over alleged fraud in a J...

By Reuters | Published: 06 September 2013

MINING & RETAIL

Essar Africa and Zimbabwe government seal Ziscosteel deal

Essar Africa Holdings Ltd has entered into "definitive" agreements with the Zimbabwean government to revive the old Ziscosteel plant and develop an iron ore beneficiation plant in the country, busines...

By Staff reporter | Published: 06 September 2013

INDUSTRIALS & ENERGY

Coca-Cola launches 350ml bottle

Coca-Cola launched a new pocket size 350ml PET plastic bottle at the just ended Harare Agricultural Show. The brand new affordable on-the-go 350ml PET costs 70c, which is cheaper than the 330ml can wh...

By Staff reporter | Published: 06 September 2013

BUSINESS NEWS

Water, power infrastructure set to improve

Progress on the procurement of equipment for the rehabilitation and reinforcement of infrastructure in the energy and water sector has begun with some of the equipment expected in the country this mon...

By Staff reporter | Published: 06 September 2013

INDUSTRIALS & ENERGY

Foundry's assets go under the hammer

FORMER Apex Corporation subsidiary Marondera Foundry's assets will today go under the hammer through public auction in Marondera to settle liabilities to various creditors. The assets will be sold in...

By Staff reporter | Published: 06 September 2013

BUSINESS NEWS

Zimbabwe global competitiveness remains weak

ZIMBABWE'S global competitiveness remained weak in a survey of the best places in the world to do business largely because of restrictive laws regarding foreign direct investments and property rights,...

By Business reporter | Published: 05 September 2013

LANDS & AGRICULTURE

Irvines empowers small scale farmers

Giant poultry producer, Irvines day old chicks has embarked on a programme to assist small-scale farmers to produce poultry to help them increase their cashflows and help improve nutrition in the coun...

By Business reporter | Published: 05 September 2013

BUSINESS NEWS

Zimbabwe's tourism arrivals up 12%

Zimbabwe recorded a 12 percent increase in tourist arrivals in the first half of the year, according to statistics released by the Zimbabwe Tourism Authority.A total of 859 995 tourists have visited t...

By Business reporter | Published: 05 September 2013

TRANSPORT & TOURISM

Construction of Zim Hilton Hotel to start early next year

CONSTRUCTION of the $145 million Hilton Hotel and office complex along Samora Machel Avenue in Eastlea is set to begin in April next year, Streamwalk Arcade director Mr Farai Jere said.Speaking at an ...

By Business reporter | Published: 05 September 2013

INDUSTRIALS & ENERGY

Natfoods in $13,9 million profit

National Foods Holdings recorded an after tax profit of $13,9 million for the year ended June 30, 2013, an increase of 76 percent from the prior year due to an increased in capacity utilisation as the...

By Business reporter | Published: 05 September 2013

LANDS & AGRICULTURE

Colcom profit plunges 66.2%

COLCOM Holdings had a disappointing first half after profit plunged 66,2 percent to $1,6 million in the interim to June 2013 weighed down by provisions and impairment of fixed assets.Chairman Robert D...

By Business reporter | Published: 05 September 2013

INDUSTRIALS & ENERGY

ZERA licences four companies to blend E5

The Zimbabwe Energy Regulatory Authority has licensed Green Fuel, Zuva Petroleum, Sakunda Energy, and the National Oil and Infrastructure Company to blend E5 fuel.This comes after the authority introd...

By Business reporter | Published: 05 September 2013

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