LANDS & AGRICULTURE

Zimbabwe to receive $34m irrigation equipment

ZIMBABWE is set to receive irrigation equipment worth more than $34 million under the second phase of the Brazil $98 million More Food For Africa loan facility. The country first received agricultural...

By Staff reporter | Published: 16 August 2017

TRANSPORT & TOURISM

NRZ starts contract negotiations

THE National Railways of Zimbabwe (NRZ) management is this week expected to begin contract negotiations with the Diaspora Infrastructure Development Group (DIDG)/Transnet Consortium to turn around the...

By Staff reporter | Published: 16 August 2017

FINANCIAL SERVICES

Econet reduces MasterCard international limits

ECONET Wireless' mobile money transfer service EcoCash says it will be implementing international limit restrictions on its MasterCard debit card due to foreign currency challenges being experienced i...

By Staff reporter | Published: 16 August 2017

MINING & RETAIL

Youths deliver 300kg gold to Fidelity Printers

Over 6 000 Zanu-PF youths in Chegutu have delivered 300 kilogrammes of gold to Fidelity Printers and Refiners since 2014 worth an estimated $10 million.The artisanal miners formed the Danangwe Distric...

By Staff reporter | Published: 16 August 2017

MINING & RETAIL

Hwange gears up for underground mining

HWANGE Colliery Company Limited took delivery of its continuous miner on Sunday, which was being repaired in South Africa, as it presses ahead with plans to resume underground mining.The continuous mi...

By Staff reporter | Published: 16 August 2017

FINANCIAL SERVICES

EcoCash tightens transaction limit

Zimbabwe's cash crisis seems to be worsening every day, with Econet subsidiaries EcoCash and Steward Bank putting further restrictions on the foreign currency its customers can access for US dollar pa...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

ZB engages Visa, card ready in Q3

ZB Financial Holdings is working towards the introduction of Visa cards in the third quarter of the year.Visa is a global payments technology company that connects consumers, businesses, banks and gov...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

First Mutual plans rights issue

First Mutual  Life Holdings Limited (FMHL) last week announced plans to pursue a rights offer to raise $17,25 million, the businessdaily can report.The implementation of the rights offer will dep...

By Staff reporter | Published: 15 August 2017

TRANSPORT & TOURISM

'NRZ revival set to boost rail traffic'

The revival of the National Railways of Zimbabwe will help boost the country's ailing economy through increased traffic, Diaspora Infrastructure Development Group (DIDG) has said.DIDG, together with i...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

ZB in massive land bank acquisition

Listed financial services group ZB Financial Holdings has embarked on a massive acquisition of land across the country to support strategic growth.The group chief executive officer, Ronald Mutandagayi...

By Staff reporter | Published: 15 August 2017

LANDS & AGRICULTURE

Border Timbers in CSD debut

Zimbabwe Stock Exchange-listed agro-industrial concern, Border Timbers, is set to make its debut on the Central Securities Depository (CSD) next week.The CSD system maintains securities in electronic ...

By Staff reporter | Published: 15 August 2017

MINING & RETAIL

Hwange Colliery acquires coal extraction machine

HWANGE Colliery Company Limited (HCCL) has secured a coal extraction machine, one of the critical pieces of equipment the miner requires for its underground mining operations.The colliery, which recen...

By Staff reporter | Published: 15 August 2017

INDUSTRIALS & ENERGY

ZPC misses Q1 production target

THE Zimbabwe Power Company (ZPC) has missed its production target for the first quarter by 5.94 percent, generating 1 789.80 Gigawatts per hour against the targeted 1 902.76GWh.ZPC managing director E...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

CBZ bemoans growing rental arrears

LISTED financial services group CBZ Holdings has bemoaned growing rental arrears, restrained rental yields and low occupancy levels obtaining in the commercial property sector for weighing down on ove...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

ZB sets aside $10m for land bank acquisitions

ZB Financial Holdings says the acquisition of land banks remains a focus area for the group as it believes this to be a source of strategic growth in the future.Speaking at the group's analysts briefi...

By Staff reporter | Published: 15 August 2017

TELECOMS & TECHNOLOGY

Econet sued over $1

Zimbabwe Development Party leader Mr Kisinoti Mukwazhe has taken a local mobile network service provider to the High Court for a dollar that he claims was unprocedurally deducted from his account.Mukw...

By Staff reporter | Published: 14 August 2017

LANDS & AGRICULTURE

Minister blasts Cottco

Agriculture, Mechanisation and Irrigation Development Minister Dr Joseph Made has hit out at Cottco officials for making public statements that distabilise the sector.In an interview, Dr Made said the...

By Staff reporter | Published: 14 August 2017

FINANCIAL SERVICES

Insurance directors under scrutiny

The Insurance and Pension Commission is working on new amendments which if approved would result in significant changes in some insurance company boards and management.While the proposed amendments we...

By Staff reporter | Published: 14 August 2017

MINING & RETAIL

Spar Zimbabwe sues packaging company

SPAR Zimbabwe is suing a Bulawayo packaging company for $100 000 in damages for allegedly infringing on its trademark rights by using a trademark similar to theirs.Spar Zimbabwe (Pvt) Ltd, which is re...

By Staff reporter | Published: 14 August 2017

TRANSPORT & TOURISM

Fastjet to introduce fifth Zimbabwe route

LOW-cost airline Fastjet will before the end of the year introduce a new route between Harare and Lusaka.In a statement, the airline's spokesperson Ms Faith Chaitezvi said the proposed route, which wi...

By Staff reporter | Published: 14 August 2017

TRANSPORT & TOURISM

NRZ, investor finalise contract negotiations

THE National Railways of Zimbabwe (NRZ) will this week meet its new investor, Diaspora Infrastructure Development Group (DIDG)/Transnet that has won the parastatal's $400 million recapitalisation tend...

By Staff reporter | Published: 14 August 2017

LANDS & AGRICULTURE

Wheat board pushes for new pricing system

NEWLY formed Zimbabwe Wheat Board (ZWB) is pushing for the introduction of a pricing structure in the sector, which will cater for different wheat varieties this coming marketing season.The goal is to...

By Staff reporter | Published: 14 August 2017

MINING & RETAIL

Full mining operations restored at Chiadzwa

Full mining operations have been restored at Chiadzwa diamond fields in Marange following Zimbabwe Consolidated Diamond Company (ZCDC) Private Limited's full compliance with the requirements of the En...

By Staff reporter | Published: 14 August 2017

INDUSTRIALS & ENERGY

Cairns Foods loses $2.6m labour case

A former employee of agro-processing company Cairns Foods Limited, won an award of more than $2,6 million after he was wrongly fired from employment 25 years ago.Mr Stanford Selemani suffered a mental...

By Staff reporter | Published: 14 August 2017

FINANCIAL SERVICES

IDBZ gets $20 million capital injection

The government has since January injected US$20 million fresh capital in the Infrastructure Development Bank of Zimbabwe (IDBZ) to enhance its capacity in undertaking several projects across the count...

By Staff reporter | Published: 13 August 2017

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