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

TELECOMS & TECHNOLOGY

Bill seeks to end child internet abuse

GOVERNMENT is committed to fighting abuse of children on the internet as evidenced by the crafting of the Cyber Crime, Security and Data Protection Bill, Deputy Minister of Information Communication T...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

UK think tank sees Zimdollar firming

The Zimbabwe dollar is expected to largely stabilise next year before it starts firming against the US dollar on the back of growing confidence in the domestic currency.The local currency would fall t...

By Staff reporter | Published: 18 October 2019

ZSE TODAY

Rising market activity sees 124 new accounts opened on the CSD in September

A total of 124 new accounts were opened on the Central Securities Depository in September, bringing the total number of accounts that have been opened to 26,845. This is against the historical peak of...

By Staff reporter | Published: 17 October 2019

MINING & RETAIL

Blanket Mine sets up oxygen plant, recoveries seen at 94%

As part of its investment plans to ramp up production, Canadian based mining firm Caledonia Mining has successfully installed and commissioned a new oxygen plant at its Blanket Mine which is expected ...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Local firms seek to partner UK companies

SOME local companies are reportedly negotiating distributor arrangements with United Kingdom (UK) firms and have identified business partners who will provide machinery for value-adding their products...

By Staff reporter | Published: 10 October 2019

FINANCIAL SERVICES

Agribank workers seek US$-indexed salaries

AGRIBANK employees are demanding interbank rated salaries as they decry current earnings which have been eroded by ravaging inflation.Agitated workers at the banking institution have rejected a recent...

By Staff reporter | Published: 07 October 2019

POLITICS

MDC seeks to wrestle back Midlands seats

OPPOSITION MDC's structures in the Midlands province have resolved to start preparations for the harmonised elections constitutionally set for 2023 with the view of wresting rural seats from the ruli...

By Staff reporter | Published: 06 October 2019

ZSE TODAY

Moderate gains in big caps see ZSE close 0.9% higher

The ZSE closed 0.9% higher after moderate gains in Econet and Innscor offset losses in Cassava and Delta. The session yielded ten gainers and ten fallers, with mid-tier stocks featuring prominently am...

By Staff reporter | Published: 02 October 2019

LANDS & AGRICULTURE

Tobacco seed sales decline 20%

TOBACCO seed sales have declined by 20%, with the volumes being the lowest since 2015, a development that could see reduced hectarage of the crop next season, a Zimbabwe Tobacco Association (ZTA) repo...

By Staff reporter | Published: 30 September 2019

MINING & RETAIL

Premier seeks EPO for Zulu lithium project

PREMIER African Minerals will soon meet the Mining Affairs Board over the company's application for an Exclusive Prospecting Order (EPO) at its Zulu Lithium and Tantalite project in Matabeleland South...

By Staff reporter | Published: 24 September 2019

POLITICS

Evan Mawarire, Mutasa seek removal from remand

#ThisFlag founder and cleric Evan Mawarire and the Zimbabwe Congress of Trade Union secretary-general Peter Mutasa, will file notices to apply for refusal of remand on the next remand date if the Stat...

By Staff reporter | Published: 10 July 2019

BUSINESS NEWS

RBZ seeks international recognition for Zimdollar

The Reserve Bank of Zimbabwe (RBZ) says it has written to international exchanges requesting them to officially recognise the Zimbabwe dollar as a tradeable currency.The reintroduction of the local cu...

By Staff reporter | Published: 04 July 2019

TELECOMS & TECHNOLOGY

Econet foresees brighter future for Zimbabwe

THE country's largest telecommunications firm, Econet Wireless Zimbabwe, believes that the country will conquer the immediate economic setbacks and attain a brighter future.  Group chairman, Dr J...

By Staff reporter | Published: 03 July 2019

LANDS & AGRICULTURE

Increased revenue drives Seed Co PAT to US$90,7m

Seed Co Limited posted an after-tax-profit of US$90,7 million in the year ended March 31, up from US$21,4 million recorded in the prior year, driven by an increase in revenue.Revenue was up 16% to US$...

By Staff reporter | Published: 14 June 2019

MINING & RETAIL

Makomo Resources seeks US greenlight

COAL miner Makomo Resources says its output could increase significantly if the government allows the company to retain 100% of the revenue generated from exports.Director Raymond Mutokonyi told busin...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Seed Co issues fake seeds warning

REGIONAL seed producer, Seed Co, has warned against buying uncertified seed, saying it has poor germination rate and results in low yields. Seed Co southern region manager, Mr Charles Munyoro, said fa...

By Staff reporter | Published: 01 May 2019

OPINION

Zimbabwe MFIs seek exemption from 2% money transfer tax

Microfinance institutions (MFI) play a key role in providing financial services to the unbanked population of Zimbabwe. Zimbabwe has a fairly vibrant MFI sector and Parliament is currently tasked with...

By Staff reporter | Published: 28 April 2019

POLITICS

Mangoma, Zesa bosses seek removal from remand

Former Energy minister Elton Mangoma and two Zesa Holdings' bosses, who are facing $3 million criminal abuse of office charges, yesterday filed a notice to apply for removal from remand if their trial...

By Staff reporter | Published: 25 April 2019

POLITICS

Burundi seeks Zimbabwe support to join Sadc

A special envoy from Burundian President Pierre Nkurunziza yesterday paid a courtesy call on President Mnangagwa at his Munhumutapa Offices in Harare as the country seeks support for admission into Sa...

By Staff reporter | Published: 25 April 2019

POLITICS

'I have a right to oversee congress,' says Chamisa

OPPOSITION MDC leader, Nelson Chamisa has dismissed criticism around his role in the ongoing party congress processes, arguing his predecessor the late Morgan Tsvangirai did the same at four elective ...

By newzimbabwe | Published: 24 April 2019

BUSINESS NEWS

Bank seeks Rushwaya's incarceration over $174k debt

Tetrad Investment Bank, which is under provisional judicial management, has petitioned the High Court seeking the incarceration of Kadoma gold miner, Jameson Rushwaya over a $174 000 debt.Through its ...

By Staff reporter | Published: 06 February 2019

BUSINESS NEWS

TSL seeks forex to stay afloat

Industrial holdings group Tobacco Sales Limited (TSL) says it will this year focus on partnerships with international firms to generate foreign currency to cushion its operations.TSL's plan comes at a...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

Zera seeks prepaid meter deals

Zimbabwe Energy Regulatory Authority (Zera) says it is set to establish a pool of agents to sell prepaid electricity meters.Prepaid meters have recently been in high demand after Zesa Holdings (Zesa) ...

By Staff reporter | Published: 08 January 2019

INDUSTRIALS & ENERGY

SeedCo works on developing local rice seed

GIANT seed house, SeedCo says it is working on developing rice varieties suitable for local climatic conditions to reduce the country's reliance on imports. Naturally the cereal originates in tropical...

By staff reporter | Published: 24 December 2018
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