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

ZSE to introduce ETFs this quarter

The Zimbabwe Stock Exchange (ZSE) says it will introduce the much anticipated Exchange Traded Funds (ETFs) this quarter as part of its concerted efforts to improve product offering to the market.In Ap...

By Staff reporter | Published: 17 October 2019

POLITICS

Court orders striking doctors to report for work within 48 hours

Striking doctors must return to work within 48 hours, or face a misconduct charge, the Labour Court ruled on Friday.The court found that the work boycott by junior doctors pressing for better pay, whi...

By Staff reporter | Published: 11 October 2019

TELECOMS & TECHNOLOGY

Nkosinathi Ncube's good job - OneMoney grows 97%

NETONE'S mobile money transfer service, OneMoney has grown by 97 percent in the three months ending September 30, 2019, driven by unique offerings including OnePay, a bulk payment facility, an officia...

By Staff reporter | Published: 10 October 2019

FINANCIAL SERVICES

RBZ third batch of TBs oversubscribed

THE Reserve Bank of Zimbabwe (RBZ) said on Friday it got offers four times more than the $100 million it sought to raise through treasury bills (TBs), signalling high investor appetite in the instrume...

By New Ziana | 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

MINING & RETAIL

Zimbabwe to be first African country to put lithium in lead batteries

Zimbabwe will in coming weeks sign agreements on the development and value addition of lithium lead batteries as the country seeks to transform the mining sector into a $12 billion industry in the nex...

By Staff reporter | Published: 23 September 2019

TELECOMS & TECHNOLOGY

Nkosinathi Ncube quits NetOne

NetOne Managing Director for Mobile Financial Services (MFS) Nkosinathi Ncube tendered his resignation on Tuesday this week.Few details on his departure from the company have however emerged. NetOne C...

By Staff reporter | Published: 05 July 2019

BUSINESS NEWS

'Trade policy, export strategy ready by third quarter'

ZimTrade chief executive Allan Majuru says he expects the trade policy and export strategy (TPES) document meant to boost exports to be ready before the end of the third quarter.The TPES is an impleme...

By Staff reporter | Published: 20 June 2019

LANDS & AGRICULTURE

Zimnat and THI bring agricultural innovation to ADMA Agrishow

Zimnat and THI Insurance, which earlier this year entered into an underwriting management agency agreement with Zimnat General Insurance, are jointly participating in this year's Agricultural Dealers'...

By Staff reporter | Published: 11 June 2019

POLITICS

Chamisa rethinks Zanu-PF engagement strategy

THE MOVEMENT for Democratic Change led by Nelson Chamisa will use its upcoming congress to evaluate strategies it has been using to pile pressure on Zanu-PF and government over critical electoral law ...

By Staff reporter | Published: 27 April 2019

MINING & RETAIL

CCTV sells out diamond-thieving guard

A SECURITY guard at the Zimbabwe Consolidated Diamond Company (ZCDC) premises was arrested for stealing five pieces of the precious stone after he was sold out by the closed circuit television (CCTV)....

By Staff reporter | Published: 25 April 2019

MINING & RETAIL

Zimbabwe to pursue local lithium beneficiation

Zimbabwe intends to vigorously pursue local value addition of its lithium resources to maximise export earnings from the mineral, a Cabinet Minister has said. Lithium is used to make various items inc...

By Staff reporter | Published: 25 April 2019

INDUSTRIALS & ENERGY

AB InBev gives Delta breathing space

Delta Corporation's anchor shareholder, AB InBev, will place over $120 million in unremitted dividends and fees in Reserve Bank of Zimbabwe (RBZ) savings bonds thereby reducing pressure on the demand ...

By Staff reporter | Published: 01 February 2019

INDUSTRIALS & ENERGY

Forex shortage: Innscor looks within

DIVERSIFIED group, Innscor Africa Limited says it is now leveraging on its domestic fast-moving consumer goods line to cushion itself from high foreign currency requirements. The company said although...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Clothing manufactures indaba set for Bulawayo

The Ministry of Industry and Commerce will host a clothing manufactures indaba in Bulawayo meant to find a way forward in resuscitating the sector.During his familiarisation tour of clothing manufactu...

By Staff reporter | Published: 16 December 2018

MINING & RETAIL

Mashonaland East revels in lithium mine

Minister of State for Mashonaland East Provincial Affairs Appolonia Munzverengi has applauded the new dispensation's "Zimbabwe is Open for Business" mantra, saying it is yielding positive results in h...

By Staff reporter | Published: 03 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

MINING & RETAIL

Arcadia Lithium Mine to create 1 000 jobs

President Mnangagwa has officiated at the ground breaking ceremony of the Arcadia Lithium Mine in Chikwaka, Goromonzi that is expected to have an initial investment of $ 165 million. The project is ex...

By Staff reporter | Published: 28 November 2018

MINING & RETAIL

Bikita Minerals to beneficiate lithium

Zimbabwe's sole lithium producer, Bikita Minerals, has set its sights on beneficiating the mineral in a development that is expected to rake in more foreign currency for the country in line with Gover...

By Staff reporter | Published: 22 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

INDUSTRIALS & ENERGY

Archer Clothing reports drop in orders

BULAWAYO textile giant, Archer Clothing Manufacturers, says it is struggling to process orders owing to a shortage of foreign currency for importation of inputs, machinery and equipment.The company es...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Zesa, TelOne thieves jailed 10 years each

Five Harare men were on Wednesday jailed to 10 years each for stealing Zesa and telecommunication cables in the city.Tawanda Mutekedzi (28), Paul Chisano (22), George Chimbutira (27), Stanley Muvirimi...

By Staff reporter | Published: 21 September 2018

POLITICS

Bulawayo deputy Mayor a convicted thief

NEWLY-elected Bulawayo Deputy Mayor Tinashe Kambarami is a convicted thief who was fined by a court for stealing an electrical extension cord, it has emerged. According to court records, Kambarami (32...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Prospect Lithium secures $10m export facility

AUSTRALIA Stock Exchange (ASX) listed Prospect Resources, says its Zimbabwean unit, Prospect Lithium Zimbabwe, has secured $10 million export finance facility from the Reserve Bank through CBZ Bank Li...

By Staff reporter | Published: 12 September 2018
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