FINANCIAL SERVICES

Ecobank launches mVisa across African Countries

Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross-border level - and potentially huge gains -...

Zimbabwe chrome popular in China

Zimbabwe exported over 136 000 tonnes of ferrochrome to China during the first five months of 2017, according to trade statistics just released.According to data published by ferroalloynet.com, about ...

FINANCIAL SERVICES

FMHL's RTG equity sale to boost its core assets

First Mutual Holdings Limited says the completion of the disposal of its 19,95 percent shareholding in Rainbow Tourism Group (RTG) to the National Social Security Authority (NSSA) will help the insura...

TRANSPORT & TOURISM

Fastjet welcomes move to Zim Open Skies

The Pan-African low-cost airline, fastjet has welcomed Zimbabwe Open Skies and intends to grow as Sanganai launched an initiative that creates an opportunity for international and domestic travel.Thi...

INDUSTRIALS & ENERGY

United Refineries eyes regional markets

UNITED Refineries Limited (URL) has expanded its range as a food and grocery products manufacturer, focusing on servicing local, regional as well as international markets, an official has said.URL chi...

INDUSTRIALS & ENERGY

Afdis seeks regional markets

AFRICAN Distillers (Afdis) Limited has revived its bid to seek export markets for its beverages as it moves to grow its business.Afdis manag­ing di­rec­tor, Mr Ce­cil Gombera, said his company was...

LANDS & AGRICULTURE

'Sugarcane farmers sell inputs'

Some sugarcane farmers in Chiredzi have been accused of diverting subsidised inputs from Tongaat Hullet Zimbabwe onto the market.Authorities are concerned that the farmers' activities would affect the...

CONSTRUCTION & PROPERTY

Turnall seeks to arrest earnings decline

Buildings and associated industries concern, Turnall Holdings Limited's restructuring of its balance sheet is expected to be completed this year as the group focuses on reversing earnings declines exp...

INDUSTRIALS & ENERGY

NTS to get more products from China

NATIONAL Tyre Services Limited (NTSL) will be doubling down products from China, which are at least 50% cheaper than those obtained from their usual suppliers in South Africa.NTSL experienced better r...

TRANSPORT & TOURISM

Zimbabwe offers sweetener to foreign airlines

THE government is considering waiving navigation and landing fees to lure new airlines into the destination, in an ambitious drive to grow the tourism sector.The tourism sector is considered a low han...

INDUSTRIALS & ENERGY

Govt subsidy chokes Natfoods

NATIONAL Foods Holdings Ltd (Natfoods) has been negatively affected by the high price offered by the Grain Marketing Board (GMB) for maize, seeing its profit reduced to $13,7 million in the financial ...

LANDS & AGRICULTURE

Tobacco export earnings rise to $422.8m

ZIMBABWE'S tobacco export earnings have increased by 10.5 percent to $422.8 million compared to $382.6 million generated during the same period last year.The country exports flue-cured tobacco to diff...

MINING & RETAIL

Hwnage Colliery narrows losses

HWANGE Colliery Company Limited (HCCL)'s liability has narrowed by 77.2 percent to $77.2 million from $311 million, the firm's financial results for the half year ended June 30, 2017 show.The decline ...

MINING & RETAIL

Govt pays $5m to gold miners weekly

Government is shelling out US$5 million towards payment for gold delivered by small-scale miners, which is weighing down the availability for physical cash for ordinary citizens, a Cabinet minister ha...

TRANSPORT & TOURISM

fastjet rekindles growth plans

fastjet Plc will begin flying from Mozambique this year and expects to start internal South African services in 2018 as it rekindles growth plans put on hold as losses mounted. With the operating loss...

INDUSTRIALS & ENERGY

Donkey meat abattoir for Bulawayo

BULAWAYO-BASED company Battlefront Investments has started building a US$150 000 state-of-the-art donkey meat abattoir that will have capacity to dress more than 70 animals daily.Zimbabwe’s first su...

INDUSTRIALS & ENERGY

Archer Clothing hires 600 workers

ONE of the country’s leading textile companies, Archer Clothing Manufacturers has since the beginning of the year employed an additional 600 workers, buoyed by improved production and exports.Archer...

INDUSTRIALS & ENERGY

Simbisa profit rises 26%

QUICK service restaurant operator, Simbisa Brands announced a strong set of financials with profit for the year ended June 30, 2017 rising 26 percent to $6,355 million driven by growth in the group's ...

TELECOMS & TECHNOLOGY

Kwese TV wins again

Econet Media's Kwese TV has been granted permission by the High Court to continue broadcasting until the Supreme Court rules on the appeal filed by the Broadcasting Authority of Zimbabwe (BAZ).Kwese T...

INDUSTRIALS & ENERGY

General Beltings in the red

General Beltings Holdings, facing a going concern problems, incurred loss after tax of $254 230 resulting in an accumulated loss of $3,787 million in the half year to June 2017.The conveyor belts manu...

TRANSPORT & TOURISM

Unifreight to boost fleet

Transport logistics group, Unifreight is targeting increased investment into vehicles to improve services as it seeks to maintain profitability achieved in the half year to June 2017.This is expected ...

FINANCIAL SERVICES

Stanbic warns of debit card fraudsters

STANBIC Bank has warned members of the public to guard against falling victim to debit card fraudsters.Acting head of personal and business Banking, Mr Patson Mahatchi said his bank has assumed respon...

INDUSTRIALS & ENERGY

Colcom moves into better financial position

COLCOM Holdings Limited, a division of Innscor Africa Limited consolidated its solvency by over 23 percent, the firm's financial statements for the year ended June 30, 2017 show.During the period unde...

TRANSPORT & TOURISM

RTG eyes sustained profitability

LISTED Hotel group Rainbow Tourism Group (RTG), sees sustained profitability into the future on stability stemming from cost cutting initiatives over the past five years and a soon to be implemented b...

LANDS & AGRICULTURE

Command Agric boosts SeedCo winter growth

SEED Co Group, Africa's biggest seed producer, says the Government's 2017 Command Agriculture Programme boosted demand for winter cereals, which saw the group registering a 257 percent growth in overa...