LANDS & AGRICULTURE

Zimplow bullish about Government

ZIMPLOW Limited is confident the new Government will adopt economic policies that favour agriculture, mining and infrastructure in what should positively impact its business.Group chief executive Mr Z...

BUSINESS NEWS

E85 blend fuel use spreads

THE use of locally produced cheaper biofuels especially E-85 is increasing rapidly with Harare alone now having over 2 000 petrol vehicles that are now flex fuel compliant.E-85 is the highest blend ra...

FINANCIAL SERVICES

FBC shelves merger plans

FBCH has put on hold plans to merge its banking and mortgage lending units until the central bank clarifies the bank's recapitalisation deadlines. The group intends to combine FBC Bank and FBC Buildin...

POLITICS

Chombo, MDC-T battle spills to courts

THE MDC-T yesterday filed an urgent application with the Electoral Court seeking an interdict to block outgoing Local Government minister Ignatius Chombo from interfering in the election of mayors.The...

ZSE TODAY

ZSE shares squeeze out small gain

Industrials bounced back on Wednesday from a sell-off in the past few days largely helped by bargain hunting in selected counters.Investors may be trooping back to the local equities market to scout ...

MINING & RETAIL

Small-scale miners to get loans from Allied Bank

ZIMBABWE Artisanal and Small-Scale Miners Council (ZASMC) is finalising a deal with the Allied Bank on a loan scheme facility to fund operations of small-scale miners in the country.ZASMC president We...

BUSINESS NEWS

Mining Indaba to be held in Harare at the month-end

THE mining industry will continue leading Zimbabwe's economic performance this year if challenges facing the sector are addressed, Utho Capital chief executive Mrs Sheila Galloway has said.Utho Capita...

AFRICA BUSINESS

Strike hits SA gold mines hard

Johannesburg - Most gold mines have been severely affected by the sector strike, the Chamber of Mines said on Wednesday.Gold producers' representative spokesperson Charmane Russell said fewer than 20%...

FINANCIAL SERVICES

SA banks still profitable in Zimbabwe

Stanbic Bank, the Zimbabwe-based unit of Standard Bank Group, has remained profitable despite the challenging economic and banking environment it operates from.In its half-year to June 30 2013, Stanbi...

MINING & RETAIL

Wellesley-Wood to chair Mwana Africa

PAN African resources group Mwana Africa has appointed Mr Mark Wellesley-Wood as non executive chairman.He takes over from Mr Oliver Baring whose resignation was announced on Monday.Mwana said Mr Well...

INDUSTRIALS & ENERGY

Zesa warns of more load shedding

ZESA Holdings has warned Zimbabweans to brace for increased load shedding outside the published schedule as the Hydro Cabora Bassa (HCB) is undertaking maintenance on its plant.In a statement yesterda...

ZIMBABWE

ZSE has no plans to delist inactive counters

THE Zimbabwe Stock Exchange (ZSE) will not relegate counters from the bourse, but plans to set up a second tier market for small- to-medium enterprises (SMEs), it has been learnt.This comes against c...

Zimpapers new printing press installation at advanced stage

Zimpapers chief executive Justin Mutasa said the installation of the $2.2 million fully automated Orient X-Cel printing press was at an advanced stage and would be ready for trial runs in two weeks. ...

BUSINESS NEWS

Allied Bank to open two centres

ALLIED Bank Limited says it is planning to open two more service centres in Harare and Bulawayo before the end of the year.This will be in addition to a branch recently opened in Avondale which offer...

Italian firms upbeat on Zimbabwe agric

Italian agro-industrial companies that exhibited new food processing technologies at the Italian Embassy stand during the just ended Harare Agricultural Show are keen to do business in the country.&nb...

INDUSTRIALS & ENERGY

Chinese firm plans $2.1 billion power plant for Zimbabwe

CHINA Africa Sunlight Energy said it plans to invest as much as $2.1 billion in Zimbabwe developing coal mines and building a 2,100-megawatt plant powered by the fuel to help ease electricity shortage...

AFRICA NEWS

Zambia re-basing later this year may boost economy size

Zambia's statistics agency estimates that a re-basing exercise later this year will show that the country's US$20,7 billion economy is a fifth bigger than currently measured as its mining industry has...

AFRICA NEWS

SA gold strikes could last until Christmas - union

RONINGEN - If National Union of Mineworkers spokesman, Lesiba Seshoka is to be believed, the gold sector strike that begins this evening could last a great deal longer than most people are expecting."...

POLITICS

Zimbabwe national assembly members sworn in

The 270 National Assembly members were today sworn in at Parliament of Zimbabwe during a ceremony that also saw the swearing in of new Speaker of Parliament Mr Jacob Mudenda and his deputy Mrs Mabel C...

ZIMBABWE

ZSE listing rules limits Directorship posts

NEW listing rules being crafted by the Zimbabwe Stock Exchange will limit the number of boards on which an individual can sit on, an industry official has said.Securities Commission of Zimbabwe chief ...

ZSE TODAY

Industrials reel under selling pressure in blue chips

ZSE's Industries remained in the red on Tuesday amid heavy selling in blue chips as Members of Parliament were being sworn in before the Clerk of Parliament paving way for the appointment of Cabinet m...

FINANCIAL SERVICES

Metbank profit up 27%

METBANK'S after tax profit for the half-year period ended June 30, 2013 went up by about 27 percent to $1,9 million compared to the same period last year's figure of $1,5 million largely owing to a de...

AMERICAS

Microsoft to buy Nokia's mobile phone business unit

Microsoft has agreed a deal to buy Nokia's mobile phone business for 5.4bn euros ($7.2bn; £4.6bn).Nokia will also license its patents and mapping services to Microsoft. Nokia shares jumped 45% on new...

POLITICS

Sadc reaffirms endorsement

Sadc yesterday issued its final and comprehensive report on the harmonised elections, describing them as having been free, peaceful, and generally credible and a reflection of the will of the people o...

FINANCIAL SERVICES

Stanchart profits down 10%

Standard Chartered Bank Zimbabwe Limited (StanChart)'s profit after tax slumped 10 percent to $7,2 million in the half year to June 2013, weighed down by a tough operating environment.The financial i...