FINANCIAL SERVICES

FMB completes acquisition of Barclays

MALAWI Stock Exchange listed FMB Capital Holdings has completed the acquisition of a majority stake in Barclays Bank Zimbabwe after receiving approvals for all regulatory requirements. This gives FMBC...

Aspen Pharmacare under UK anti-trust investigation

Britain's competition regulator has launched an investigation into Africa's biggest generic drug maker Aspen Pharmacare over alleged anticompetitive conduct in the supply of blood pressure and arthrit...

MINING & RETAIL

Zimplats engages local suppliers

Platinum miner, Zimplats is empowering emerging businesses in Mashonaland West Province through engaging them to offer services and products. Currently about 72 percent of all their required materials...

INDUSTRIALS & ENERGY

National Foods ready for food fortification

NATIONAL Foods is ready to adopt and roll out government's food fortification initiative as soon as it gets the nod from relevant authorities, a top company official has said.Speaking on the sidelines...

INDUSTRIALS & ENERGY

Afdis seeks share option scheme approval

AFRICAN Distillers Limited (Afdis) is seeking shareholder approval for an employee share option scheme of four million shares meant to incentivise and retain employees.In a notice of the annual genera...

INDUSTRIALS & ENERGY

Delta lager volumes recover

DELTA Corporation lager volumes continued to show recovery for the second consecutive quarter spurred largely by improved disposable incomes in the agriculture and small scale mining sectors. In a tra...

TELECOMS & TECHNOLOGY

Liquid Zim customers tour company operation

Liquid Telecom Zimbabwe took customers on a tour of its facilities, as it commemorated the customer service and support week.The Customer Service Week ran from October 2 to 6 under the theme, Building...

FINANCIAL SERVICES

Barclays deal sealed

British lender Barclays Plc on Thursday sealed disposal of its local unit to Malawi's FMB Capital Holdings (FMBCH).Barclays Bank of Zimbabwe (BBZ) said completion of this transaction follows complianc...

TRANSPORT & TOURISM

NRZ moves over 1,9m tonnes freight

THE National Railways of Zimbabwe (NRZ) has moved more than 1,9 million tonnes of freight in the first eight months of the year, against its yearly target of 3,5 million tonnes, an official has said.N...

MINING & RETAIL

Probe into Zimbabwe missing $15 billion still on

GOVERNMENT is still pursuing investigations into the suspected leakage of $15 billion from Chiadzwa diamond fields in Manicaland, Mines and Minerals Development Minister Walter Chidhakwa said yesterda...

LANDS & AGRICULTURE

Zim strikes forex deal to import agric chemicals

Government has struck a deal with chemical companies through which they will be able to access foreign currency to import agricultural chemicals that will be sold at subsidised prices, Vice President ...

TELECOMS & TECHNOLOGY

BAZ seeks another order to bar Kwese TV

THE Broadcasting Authority of Zimbabwe (BAZ) this week approached the High Court again seeking to bar Kwese TV from broadcasting.Kwese TV received a major boost last week after Dr Dish's application s...

MINING & RETAIL

Mineral exports up 25% in 9 months

ZIMBABWE's mineral export earnings increased by 25,1% to $1,692 billion as at September 15, 2017, buoyed by the increase in all minerals production across the board, Mines and Mining Development minis...

TRANSPORT & TOURISM

fastjet seeks licence for Harare-Bulawayo route

Fastjet Zimbabwe plans to apply for a license to service the Harare-Bulawayo route although fears abound Government could be playing lip service to its open skies policy to protect State owned carrier...

MINING & RETAIL

Mining exports hit $1.6 billion

Zimbabwe has realised $1.6 billion from cumulative mining exports spurred by a 25 percent increase in production as at mid September 2017, compared to the same period last year. Mines and Mining Devel...

MINING & RETAIL

Caledonia in Q3 record gold production

Caledonia Mining Corporation recorded a massive increase in gold production of 14,389 ounces for the third quarter to September 30, 2017, a 15 percent increase from the second quarter. This was a reco...

MINING & RETAIL

Hwange increases coal production by 1,000%

HWANGE Colliery Company Ltd (HCCL)has increased production to 300 000 metric tonnes per month in the third quarter from 30 000 metric tonnes in first quarter on the back of government capitalisation a...

MINING & RETAIL

Zim mining sector opaque, says Chinamasa

FINANCE minister Patrick Chinamasa has hit out at mining companies in Zimbabwe, accusing them of prejudicing the country of significant income in unpaid taxes amid widespread opaqueness shrouding the ...

INDUSTRIALS & ENERGY

Petrotrade profit jumps 64 percent, vows not to fail

State owned petroleum products firm, Petrotrade has vowed that it will not "fail the same way other government entities do" after announcing a 64 percent jump in net profit to $1.2 million for the yea...

MINING & RETAIL

Blanket Mine sets new quarterly output record

Blanket Mine's gold output posted an increased in production to 14 389 ounces in the third quarter to September 30, 2017, a new quarterly record.The Gwanda based gold miner said production for the pre...

INDUSTRIALS & ENERGY

BCC privatise Ingwebu

THE Bulawayo City Council (BCC) has privatised its commercial undertaking, Ingwebu Breweries as part of efforts to turn around the loss making entity.Early this year, BCC announced that it had started...

TELECOMS & TECHNOLOGY

Kwese boost for Technites enterprise

Econet Wireless Group's Technites enterprise has received a significant boost from the High Court ruling on Kwese TV as a ramp up in installations could see Technites earning as much as $50 a day for ...

MINING & RETAIL

High-level meeting on SMM revival planned

A high-level meeting on the possible reopening of Shabani Mashaba Mines (SMM), which were shut down in 2004, has been set for next week. Mines and Mining Development Deputy Minister Fred Moyo said the...

CONSTRUCTION & PROPERTY

Uptake for CABS houses improves

Mortgage lender, CABS, have reported a steady increase in the uptake of its houses in Harare's high-density suburb of Budiriro following a review of the bank's lending conditions. The low-cost housing...

FINANCIAL SERVICES

Banks offload 2 000 workers

AT least 2 000 workers have lost their jobs in the banking sector over the past five years due to an escalating economic crisis underpinned by political turmoil, a trade union has said.More workers in...