BUSINESS NEWS

NRZ targets US$1m from property leases

National Railways of Zimbabwe (NRZ) is targeting to generate at least US$1 million annually from leasing out some of its properties across the country as part of an initiative to widen its revenue bas...

By Staff reporter | Published: 12 September 2023

ASIA PACIFIC

Oil price resurgence has further to run

When crude surges above US$90 a barrel and the leaders of Saudi Arabia and Russia get on the phone to congratulate each other on a job well done, oil consumers should take note.After half a year in th...

By Bloomberg | Published: 12 September 2023

MINING & RETAIL

Lafarge to commission new plant

Listed cement maker, Lafarge Zimbabwe will soon commission a new vertical roller mill plant at its Manresa complex as it seeks to double its output, CEO Godfrey Ndugwa has said.The launch of the verti...

By Staff reporter | Published: 02 June 2022

ZIMBABWE

Seedco seeks to merge Zimbabwe operations for secondary listing

Pursuant to the proposal to transfer the ZSE Secondary Listing of Seed Co International Limited from the ZSE to the soon to be established VFEX, a proposal to merge the Zimbabwean operations, held und...

By Staff reporter | Published: 01 September 2020

BUSINESS NEWS

Tax breaks for renewable energy investors as govt launches new policy

Government has dangled a carrot to potential investors in the renewable energy sector by giving tax breaks as well as awarding national project status for such ventures.This is contained in the new en...

By Staff reporter | Published: 19 March 2020

CONSTRUCTION & PROPERTY

Lafarge to double capacity after launching US$25m expansion project

Lafarge has budgeted US$25 million for its expansion project which will double capacity by year-end 2022.  The expansion plan kicked off this morning at a ground-breaking ceremony for a Dry Morta...

By Staff reporter | Published: 11 March 2020

BUSINESS NEWS

Mnangagwa targets 'troublesome' doctors

PRESIDENT Emmerson Mnangagwa yesterday threatened 'troublesome' union leaders reported to be inciting the strike by doctors at public health institutions."Last month we gave them an increment twice, b...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Energy ministry secretary grilled over Zesa rebundling, tariffs

MINISTRY of Energy secretary Gloria Magombo was yesterday grilled by Parliament over issues of rebundling of Zesa with MPs questioning why an institution that was recently unbundled was now being rebu...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Energy Perm sec under ZACC probe

The Zimbabwe Anti-Corruption Commission (Zacc) is probing Gloria Magombo, the permanent secretary of the Ministry of Energy and Power Development on allegations that she has been drawing a salary fr...

By Staff reporter | Published: 18 October 2019

ZSE TODAY

Mid-tier stocks drive ZSE to a marginal gain

The ZSE gained 0.07% as marginal losses in the big caps were offset by moderate gains in mid-tier stocks pushed by small trades. The session yielded eleven gainers and six fallers, with the Old Mutual...

By Staff reporter | Published: 17 October 2019

POLITICS

Zanu-PF youths target Zhuwao farm

ZANU-PF youths have vowed to grab the farm of exiled Generation 40 (G40) kingpin Patrick Zhuwao and redistribute it among themselves. This comes after the self-exiled former Cabinet minister claimed t...

By Staff reporter | Published: 14 October 2019

ECONOMC INDICATORS

'Zimbabwe targets single digit inflation'

THE economy is projected to grow by 4,6 percent next year, building on the ongoing reform initiatives and broader positive assumptions in the domestic sector and favourable global trade indicators, ac...

By Staff reporter | Published: 10 October 2019

TELECOMS & TECHNOLOGY

Mobile money transactions surge 108%

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says mobile operators experienced an increase in volume and value of mobile money transactions with cash-in transactions surging...

By Staff reporter | Published: 07 October 2019

MINING & RETAIL

ZCDC targets 6,12m carats production in 2020

The state-controlled Zimbabwe Consolidated Diamond Company (ZCDC) says it expects to double its diamond production to 6,12 million carats next year up from the 3,1 million carats projected for 2019.At...

By Staff reporter | Published: 06 October 2019

POLITICS

Mnangagwa govt targets Zanu-PF crooks

PRESIDENT Emmerson Mnangagwa's government has launched a fresh blitz against Zanu-PF bigwigs and other crooks who have stashed billions of United States Dollars abroad the Daily News reports. This com...

By Staff reporter | Published: 05 October 2019

INDUSTRIALS & ENERGY

Lafarge Zimbabwe defies economic challenges

ZIMBABWE Stock Exchange listed cement producer, Lafarge Zimbabwe Limited, swung to profitability in the six months to June this year against a loss in the prior comparative period thanks to good volum...

By Staff reporter | Published: 05 October 2019

FINANCIAL SERVICES

Morgan & Co launches research app

Morgan & Co, a securities firm yesterday launched a research app that offers interaction between the capital markets and investors.The Morgan & Co Research App is meant to simplify the investm...

By Staff reporter | Published: 05 October 2019

ZIMBABWE

Resurgent ZSE recovers in September

The ZSE added $8.78 billion in value during September as the local bourse closed the month 40% higher and the third quarter 14% higher. Overall, in nominal terms the month yielded 45 gainers and 3 fal...

By Staff reporter | Published: 04 October 2019

MINING & RETAIL

Eureka Gold Mine targets re-opening by April 2021

Gold production at Eureka Mine in Guruve is expected to resume within the next 18 months with refurbishment and rehabilitation work progressing well.At its peak , Eureka Gold Mine was the country's pr...

By Staff reporter | Published: 02 October 2019

MINING & RETAIL

TV Sales & Home in major synergistic investments

FURNITURE and electrical appliances retailer, TV Sales & Home, has acquired a 49 percent stake in bed maker, Restapedic, and separately established a joint venture lounge suite manufacturing compa...

By New Ziana | Published: 01 October 2019

BUSINESS NEWS

Harare proposes 300% increase in service charges

Harare City Council yesterday presented a ZW$483 million supplementary budget which will see a 300% rise in charges for water, refuse collection, clamping fees, tow-away and burial space, among other ...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

'Project delays costing RG’s Office'

THE Registrar-General (RG)'s Office has been incurring huge costs for unfinished district registry office projects, whose prices have since doubled or trebled due to late implementation.This was revea...

By Staff reporter | Published: 12 July 2019

SOCCER

How on earth is Chidzambwa still in charge?

MORE than 10 days after the Warriors' humiliating exit from the 2019 Africa Cup of Nations (Afcon), coach Sunday Chidzambwa still remains in his job despite the outrage at the shambolic displays.The W...

By Nigel Matongorere | Published: 11 July 2019

POLITICS

Obert Mpofu, Jacob Mudenda emerge as Mnangagwa's new targets for purging

AFTER weeding out his new rivals - who brought him to power - in the security sector, President Emmerson Mnangagwa has now shifted the purges to Zanu-PF, targeting the ruling party's heavyweights seen...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Masiyiwa 'former' lawyer's multi-currency regime challenge ruled not urgent

High Court judge Justice Joseph Musakwa has ruled as not urgent an application by businessman and lawyer, Tawanda Nyambirai who was seeking an order to interdict Finance minister Mthuli Ncube and Rese...

By Staff reporter | Published: 11 July 2019
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