INDUSTRIALS & ENERGY

Deven Engineering hits turbulent waters

Local bus manufacturing and assembling firm, Deven Engineering, has seen production severely hit as the company struggles to import critical materials owing to foreign currency challenges. The situati...

By Staff reporter | Published: 29 September 2017

TRANSPORT & TOURISM

Expert tells Zim to relax visa regime,

Zimbabwe has to relax its visa regime to attract Nigerian tourists and market the country as a destination for meetings, incentives, conferences and exhibitions (Mice), a tourism expert has said.Uloma...

By Staff reporter | Published: 29 September 2017

LANDS & AGRICULTURE

Allied Timbers board and management at loggerheads

The appointment of State owned Allied Timbers Zimbabwe chief executive Daniel Sithole has been thrown under the spotlight amid revelations he was thrust to the helm of Zimbabwe's largest timber proces...

By Staff reporter | Published: 29 September 2017

TELECOMS & TECHNOLOGY

ZimSwitch buckles under pressure

ZIMBABWE'S national electronic funds switch, Zimswitch, this week froze after panic buying over the weekend overwhelmed the system, triggering chaos as shoppers failed to transact in an economy now pr...

By Staff reporter | Published: 28 September 2017

MINING & RETAIL

Chrome miners write to Mugabe

ZIMBABWE could lose at least $340 million in potential revenue from ferrochrome exports this year due to a controversial domestic pricing regime, a paper prepared for President Robert Mugabe's office ...

By Staff reporter | Published: 28 September 2017

MINING & RETAIL

Zimbabwe to displace more for diamond mining

Government - through its Zimbabwe Consolidated Diamond Company (ZCDC) - could relocate more people in Manicaland province to pave way for diamond mining, if it secures claims to the Tsvingwe area.Tsvi...

By Staff reporter | Published: 28 September 2017

TELECOMS & TECHNOLOGY

KweseTV caught in ambush marketing storm

THE Premier Soccer League were yesterday caught in an embarrassing offside position once again when billboards of a rival broadcasting company were still being displayed at Luveve during a Castle Lage...

By Staff reporter | Published: 28 September 2017

INDUSTRIALS & ENERGY

Engineering firm taken to court over $20 000 debt

A BULAWAYO mining firm, Ubuntu Beth Mining (Pvt) Ltd has taken local engineering firm, ABJ Engineering, to court over a $20 000 debt following a cancelled gold stamp mill acquisition deal.In summons f...

By Staff reporter | Published: 28 September 2017

INDUSTRIALS & ENERGY

Merlin postpones creditors' meeting

THE High Court in Bulawayo has postponed Merlin's creditors and members' meeting to October 18. The creditors and members' meeting was supposed to be held at the High Court in Bulawayo yesterday.In an...

By Staff reporter | Published: 28 September 2017

FINANCIAL SERVICES

ZSE mulls mobile share trading platform

THE Zimbabwe Stock Exchange plans to introduce a mobile share trading platform before the end of the year to allow potential and existing investors easy access to stock markets.As part of efforts to m...

By Staff reporter | Published: 28 September 2017

TRANSPORT & TOURISM

Exhibitors, buyers jet in for Zim tourism expo

EXHIBITORS and buyers to this year's Sanganai/Hlanganani World Tourism Fair arrived in Bulawayo yesterday ahead of the premium expo, which begins today.The 10th edition of the tourism expo is coming t...

By Staff reporter | Published: 28 September 2017

MINING & RETAIL

Reconstruction of Alaska Smelting Plant begins

Reconstruction of the Alaska Smelting Plant has started nearly two decades after the facility owned by the Zimbabwe Mining Development Corporation, stopped operations. Alaska was shut down at the turn...

By Staff reporter | Published: 28 September 2017

MINING & RETAIL

Innscor profit rise 11% to $34 million

LIGHT manufacturing group, Innscor reported an 11 percent increase in net income to $33,69 million in the full-year to June, from $30,48 million in the prior year on cost savings.Revenue dropped to $5...

By Staff reporter | Published: 28 September 2017

MINING & RETAIL

Afreximbank, RBZ negotiate gold deal

Fidelity Printers Refinery is set to start processing gold from other African countries if negotiations between the African Export-Import Bank (Afreximbank) and the Reserve Bank of Zimbabwe on the iss...

By Staff reporter | Published: 28 September 2017

TRANSPORT & TOURISM

Vic Falls Safari Lodge voted the best resort hotel

Africa Albida Tourism's (AAT) flagship property, Victoria Falls Safari Lodge has been voted the Best Resort Hotel for the 21st year in a row by the Association of Zimbabwe Travel Agents (AZTA).The ann...

By Staff reporter | Published: 28 September 2017

BUSINESS NEWS

NSSA asserts rights over Capital Bank

THE National Social Security Authority (NSSA) this week asserted its rights over Capital Bank, formerly ReNaissance Merchant Bank, which is now in liquidation and has been the subject of litigation by...

By Staff reporter | Published: 28 September 2017

MINING & RETAIL

MonaChrome revival anchored on new investor

Chrome smelting company, MonaChrome Private Limited's full scale revival, is now anchored on the payment of $4 million to its creditors by the new investor, NK Trading, after shareholders and creditor...

By Staff reporter | Published: 28 September 2017

TELECOMS & TECHNOLOGY

TelOne Broadband goes mobile

TelOne has unveiled new service capabilities, Wi-Fi Home and Away and Pre-Paid Voice Bundles. This is a development that is coming as part of the National Broadband project, which is bringing up-to-da...

By Staff reporter | Published: 28 September 2017

INDUSTRIALS & ENERGY

Zim sets deadline for migration to 50 ppm diesel

The Ministry of Energy and Power Development says Zimbabwe will be phasing out regular high sulphur diesel used in the country in favour of 50 ppm as part of efforts to promote a cleaner environment. ...

By Staff reporter | Published: 27 September 2017

INDUSTRIALS & ENERGY

'Zimbabwe has over 2 months' supply of fuel'

The Ministry of Energy and Power Development has assured the nation that it is holding more than two months' supply of diesel and over a month's supply of petrol.  Minister of Energy Dr Samuel Un...

By Staff reporter | Published: 27 September 2017

TELECOMS & TECHNOLOGY

TelOne launches two new services

TELONE yesterday unveiled two new services -WIFI Home and Away as well as Pre-Paid Voice Bundles.This is part of the national broadband project, which is bringing up-to-date capabilities on the TelOne...

By Staff reporter | Published: 27 September 2017

FINANCIAL SERVICES

Fidelity Life Assurance appoints substantive CEO

Diversified financial services group Fidelity Life Assurance of Zimbabwe has appointed Mr Rueben Java as its substantive chief executive effective October 1, 2017.Mr Java, who is also the current chai...

By Staff reporter | Published: 27 September 2017

INDUSTRIALS & ENERGY

Uptake of solar energy in Zimbabwe set to rise

For a country that is blessed with plentiful sunlight and at the same time blighted with constrained electricity supply, Zimbabwe's utilisation of renewable energy – solar energy in particular – i...

By Staff reporter | Published: 27 September 2017

INDUSTRIALS & ENERGY

Cooking Oil manufacturers blame shortages on forex unavailability

Cooking oil manufactures on Wednesday said there was no enough foreign currency to import raw materials needed to produce the commodity, hence the current shortages of the product on the market.In a s...

By Staff reporter | Published: 27 September 2017

TRANSPORT & TOURISM

Fly Zimbabwe Airways recruits staff

Fly Zimbabwe Airways has started recruiting staff pending its launch.A newspaper advertisement which was published yesterday said Fly Zimbabwe Airways is seeking an unspecified number of flight attend...

By Staff reporter | Published: 27 September 2017

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