TELECOMS & TECHNOLOGY

NetOne set to get $71m loan

State-owned mobile operator NetOne is close to securing the release of the $71 million loan facility from China Exim Bank to construct and upgrade base stations countrywide.Speaking at the sidelines o...

By Staff reporter | Published: 2 hours ago

FINANCIAL SERVICES

Banks discontinue manual RTGS payments

A NUMBER of financial institutions in Zimbabwe have discontinued manual real-time gross settlement (RTGS) payments, as they go paperless, banking on increasing their efficiencies.Some of these banks i...

By Staff reporter | Published: 2 hours ago

FINANCIAL SERVICES

Old Mutual sets up dividend access trusts

OLD Mutual Limited has established dividend access trusts in Malawi, Namibia and Zimbabwe following the restructuring of the Old Mutual plc group of companies.The managed separation process will see t...

By Staff reporter | Published: 2 hours ago

FINANCIAL SERVICES

Bank employees threaten strike

Workers in the banking sector have issued a two-week ultimatum to their employers demanding a 60% salary increase or they will embark on a strike.The workers, represented by the Zimbabwe Banks and All...

By Staff reporter | Published: 2 hours ago

MINING & RETAIL

Blanket Mine shelves rights offer

CALEDONIA Mining Corporation says it has shelved plans to raise capital for its expansion projects at Blanket Mine through rights issue as funds to support such initiatives are coming through the Expo...

By Staff reporter | Published: 2 hours ago

INDUSTRIALS & ENERGY

Archer Clothing increases workforce

BULAWAYO-based clothing firm, Archer Clothing, has increased its workforce by 66,6 percent to 1 000 workers from 600 last year on the back of improved production.Managing director, Mr Jeremy Youmans, ...

By Staff reporter | Published: 2 hours ago

MINING & RETAIL

Mining sector to grow by 10% this year

THE Chamber of Mines of Zimbabwe (CoMZ) has projected the mining sector to grow by 10 percent this year, on the back of an 8,5 percent expansion last year, driven by improved mineral production and pr...

By Staff reporter | Published: 2 hours ago

TELECOMS & TECHNOLOGY

ZBCtv to introduce new channels

Zimbabwe Broadcasting Corporation (ZBC) will introduce a range of new channels after the completion of digital migration.The channels will bring variety to ZBC's viewers after years of just watching o...

By Ngoni Shenjere | Published: 21 hours ago

BUSINESS NEWS

Zim to hold investment symposium in Canada

Zimbabwe is set to take the investment attraction campaign to Toronto, Canada, where a symposium is scheduled for this June.This comes as the country requires an estimated $11 billion in the next five...

By Staff reporter | Published: 21 hours ago

FINANCIAL SERVICES

Banks consider relaxing lending terms to women

Banks are focusing on increasing the uptake of financial products by women through reviewing lending terms and conditions for opening bank accounts.Information released at a women excel conference ind...

By Staff reporter | Published: 21 hours ago

INDUSTRIALS & ENERGY

Sachikonye appointed Dairibord chairperson

Dairiboard Holdings Limited (DHL) has announced the appointment of Josphat Sachikonye as its new chairperson, effective last Wednesday.He takes over from former Reserve Bank of Zimbabwe (RBZ) governor...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Zim's crocodile industry rises against the tide

Basking in Zimbabwe's northern Zambezi Valley, the Nile crocodile, Africa's largest freshwater predator, is at ease in this hot and humid habitat.Less comfortable, however, are the reptile farmers of ...

By Al Jazeera | Published: 22 hours ago

MINING & RETAIL

Zimbabwe to make catalytic converters

Cypriot investor Karo Resources wants to use some of the output from its planned $4.2 billion platinum project in Zimbabwe to make catalytic converters for capping emissions in diesel cars, the mines ...

By Reuters | Published: 22 hours ago

TELECOMS & TECHNOLOGY

TelOne granted VoD broadcasting license

TelOne, Zimbabwe's state-owned fixed phone and internet operator, has secured a broadcasting licence for Video-on-Demand (VoD) services.The Broadcasting Authority of Zimbabwe (BAZ) granted an operatin...

By Staff reporter | Published: 23 hours ago

TELECOMS & TECHNOLOGY

TelOne launches National Broadband Backbone project

TelOne is in the process of upgrading its nationwide system and exchanges as part of its US$98 million national Broadband Backbone (NBB) project. As a result of the project, TelOne will be able to pro...

By Staff reporter | Published: 23 hours ago

INDUSTRIALS & ENERGY

Fertiliser industry needs $120m for 2018/19 season

THE local fertiliser industry needs $120 million in foreign currency to meet this year's demand of 600 000 tonnes of fertiliser.Chemplex Corporation Limited chief executive officer, Tapuwa Mashingaidz...

By Staff reporter | Published: 21 May 2018

INDUSTRIALS & ENERGY

Foreign currency scarcity 'smokes' out BAT

BRITISH American Tobacco (BAT) managing director, Clara Mlambo says the company is struggling to get foreign currency and has described 2018's first quarter as "drier" than other first year quarters.I...

By Staff reporter | Published: 21 May 2018

FINANCIAL SERVICES

'Banks prioritising Harare firms on forex allocations'

A NUMBER of Bulawayo companies have not been allocated foreign currency for raw material imports since last year from their banks, as priority is being given to Harare-based companies, an industry off...

By Staff reporter | Published: 21 May 2018

MINING & RETAIL

'Mines need $11 billion investment to modernise'

ZIMBABWE needs up to $11 billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said last Friday.Foreign investor ...

By Reuters | Published: 21 May 2018

MINING & RETAIL

Ex-Arcturus Mine workers' stay in houses illegal

TN Securities (Pvt) Limited, which acquired Arcturus Mine from Metallon Corporation, says the former employees still residing at the mine's premises are doing so illegally. The company, led by Harare ...

By Staff reporter | Published: 21 May 2018

INDUSTRIALS & ENERGY

Dairibord revenue growth up 17%

DAIRIBORD Holdings Limited has appointed Mr Josphat Sachikonye as new board chairman replacing Dr Leonard Tsumba who retired five days ago after serving the company for the past six years.In a stateme...

By Staff reporter | Published: 21 May 2018

MINING & RETAIL

Zimbabwe working on new diamond policy

Government has started working on a new diamond policy which will lead to the unbundling of the Zimbabwe Consolidated Diamond Mining Company (ZCDC) to ensure more players are involved inthe sector, Pr...

By Staff reporter | Published: 21 May 2018

TELECOMS & TECHNOLOGY

Govt re-aligns content budget

Government has re-aligned budget allocations to communities countrywide to enhance the production of more content for the ongoing digital migration programme, Information, Media and Broadcasting Servi...

By Staff reporter | Published: 21 May 2018

TELECOMS & TECHNOLOGY

Zimpost moves to digitisation

State-owned postal and courier services company, Zimpost, has introduced two new digitised services namely the Virtual Post Office and the Zimpost Mall. The organisation is seeking to transform its se...

By Staff reporter | Published: 21 May 2018

TELECOMS & TECHNOLOGY

Zimpost moves to digitisation

State-owned postal and courier services company, Zimpost, has introduced two new digitised services namely the Virtual Post Office and the Zimpost Mall. The organisation is seeking to transform its se...

By Staff reporter | Published: 21 May 2018
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