FINANCIAL SERVICES

ZB adjusts housing project costs

ZB Financial Holdings Limited (ZBFH) is making pricing adjustments for its Plumtree housing project due to cost escalations, chief executive Ron Mutandagayi has said."The cost escalations have caused ...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Hwange extension project underway

The actual construction works for Zesa's US$1,4 billion Hwange Power Station (HPS) 7 and 8 extension project have started, giving hope the project will be completed within time and original budget, a ...

By Staff reporter | Published: 04 February 2019

MINING & RETAIL

Unki projects higher output

ANGLO American's local platinum producer, Unki Platinum Mine projects that this year's output will increase to at least 4,2 million ounces from 1,3 million oz last year. In a quarterly production repo...

By Staff reporter | Published: 29 January 2019

MINING & RETAIL

Vast Resources well-funded for projects

AIM - listed diversified miner, Vast Resources, says it is "well-funded" to implement its various projects going forward, including its Zimbabwean projects, the Eureka Gold Mine and the Heritage Conce...

By Staff reporter | Published: 11 December 2018

TRANSPORT & TOURISM

ZITF hotel project takes shape

THE Zimbabwe International Trade Fair (ZITF) Company says it is finalising tenders for the construction of its hotel and conference centre.The project, which is valued at $11 million, is expected to p...

By Staff reporter | Published: 09 December 2018

MINING & RETAIL

Bindura smelter project put on hold

PAYMENT for a bond which was floated a few years ago for the restart of a smelter by Bindura Nickel Corporation (BNC) is weighing down on the company's capital requirements after it spent US$5 million...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Zimbabwean contractors to get mega projects

The Zimbabwean government is mulling to prioritise local construction firms on mega projects as a way of preserving scarce foreign currency.The southern African country is facing an acute shortage of ...

By Business Live | Published: 01 December 2018

MINING & RETAIL

Prospect seeks SEZ status for lithium project

PROSPECT Lithium Zimbabwe (PLZ), a unit of Australia Stock Exchange-listed Prospect Resources Plc, has applied for special economic zone status (SEZ) for its multi-million dollar Arcadia Lithium proje...

By Staff reporter | Published: 30 November 2018

POLITICS

Retailers project fresh wave of price hikes

RETAILERS have projected another round of price increases after Finance minister Mthuli Ncube unveiled a budget that will see an increase in import duty for fuel and other selected goods.Ncube last Th...

By Staff reporter | Published: 25 November 2018

MINING & RETAIL

Lithium project to earn Zimbabwe $3bn

Australia Stock Exchange (ASX) listed Prospect Resources Plc says its Arcadia Lithium project, located 38 kilometres east of Harare, has proven capacity to generate nearly $3 billion in export revenue...

By Staff reporter | Published: 22 November 2018

LANDS & AGRICULTURE

Tongaat seeks bids for 4 000ha sugar project

SUGAR giant, Tongaat Hullets, is seeking bids from companies or individuals with capacity to develop 4 000 hectares of virgin land to boost sugarcane production in the lowveld. The new ambitious proje...

By Staff reporter | Published: 21 November 2018

BUSINESS NEWS

Beitbridge-Masvingo highway project begins

Work to widen and upgrade the Beitbridge-Masvingo highway has finally begun in Chivhu with graders and earthmoving equipment now busy carrying out detour works on the first 10 kilometer stretch.The pr...

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

$6m ethanol project takes shape

The National Oil Infrastructure Company of Zimbabwe (NOIC) is targeting to complete the construction of two ethanol storage tanks with capacity of 6 million litres at its Mabvuku Depot in Harare by en...

By Staff reporter | Published: 17 September 2018

INDUSTRIALS & ENERGY

Delta invests $3m into Bulawayo infrastructure projects

BEVERAGES maker, Delta Corporation, has invested close to $3 million in effluent and road upgrade projects in Bulawayo since 2016 as part of its community development initiatives. As one of the signif...

By Staff reporter | Published: 13 September 2018

POLITICS

Mnangagwa to launch $2,2bn projects in Bulawayo

PRESIDENT Mnangagwa will today officially open the $2 billion Hopeville Housing Project near Joshua Mqabuko Nkomo International Airport and commission a $2 million tomato processing plant here. Presid...

By Staff reporter | Published: 13 September 2018

BUSINESS NEWS

$2,5m Shurugwi shopping mall project resumes

CONSTRUCTION of Shurugwi Town Council's $2,5 million shopping mall has begun, with construction equipment already on the ground, Southern Eye has established.Last year, construction of the three-store...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

China pledges $60m for financing projects in Africa

CHINESE President Xi Jinping announced while officially opening the Beijing Summit of the Forum on China-Africa Co-operation (FOCAC) that his country was pledging $60 billion for financing various pro...

By Staff reporter | Published: 09 September 2018

TELECOMS & TECHNOLOGY

Telecoms firms merger project talks underway

Talks to merge three telecommunications companies, Zarnet, Powertel and Africom, are underway and will be finalised by the end of the year, businessdigest has learnt.Powertel and Zarnet are both State...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Mnangagwa overwhelmed by calls to open projects

President Emmerson Mnangagwa says his office is failing to cope with the huge number of invitations from the corporate world inviting him to come and open or commission business projects and entities ...

By Staff reporter | Published: 25 July 2018

TELECOMS & TECHNOLOGY

Potraz launches telemedicine pilot project

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has launched a telemedicine pilot project in Manicaland. The move is aimed at expanding the Pan African e-network telemedici...

By Staff reporter | Published: 25 July 2018

MINING & RETAIL

Karo platinum project to create 90 000 jobs

President Mnangagwa yesterday officially launched the $4,2 billion Karo Resources consolidated platinum project in Mhondoro-Mubaira, which is set to create a combined 90 000 jobs as Government steps u...

By Staff reporter | Published: 25 July 2018

MINING & RETAIL

Mnangagwa commissions $4,2bn platinum project

President Emmerson Mnangagwa has officiated at the groundbreaking ceremony of a $4,2 billion platinum mining project at Karo Resources' Mhondoro-Ngezi mining site, where he noted that projects of this...

By Staff reporter | Published: 24 July 2018

POLITICS

Govt revives abandoned road projects

President Emmerson Mnangagwa's government has intensified efforts to revive road and bridge projects that were abandoned more than 30 years ago.The country's road infrastructure is in dire need of reh...

By Staff reporter | Published: 24 July 2018

LANDS & AGRICULTURE

Raw milk production projected to grow by 12% in 2018

ZIMBABWE'S raw milk production is projected to grow by an average of 12% in 2018, buoyed by government's dairy revitalisation programme which aims at increasing the national herd, an official has said...

By Staff reporter | Published: 24 July 2018

BUSINESS NEWS

Batoka project on course

The Batoka Gorge Hydro Electricity project, which is set to generate 2 400MW on completion, is on course amid indications that the Council of Ministers from Zimbabwe and Zambia are expected to meet so...

By Staff reporter | Published: 22 July 2018
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