LANDS & AGRICULTURE

Agribank, FBC to raise $20m for agric

STATE-OWNED agro-lender, Agribank and FBC are going into the market to raise $20 million for the 2017/18 agricultural cropping season.This development follows the permission by government last month f...

By Staff reporter | Published: 09 August 2017

FINANCIAL SERVICES

MBCA, Econet in talks over Ecocash

FOREIGN-owned bank MBCA and the country's largest mobile network provider Econet Wireless Zimbabwe are finalising a deal which will see the bank integrate with the latter's mobile money platform EcoCa...

By Staff reporter | Published: 09 August 2017

TELECOMS & TECHNOLOGY

Econet widens retail footprint

Econet Wireless, the largest mobile network operator (MNO) in Zimbabwe has moved to enlarge its retail footprint and further widen its product and service distribution network by opening a new custome...

By Staff reporter | Published: 09 August 2017

INDUSTRIALS & ENERGY

Delta Beverages off the hook over liquor sales

A Harare magistrate has quashed criminal charges against Delta Beverages (Pvt) Ltd for selling liquor without an agent liquor licence.The multi national company was relieved of the charges after Harar...

By Staff reporter | Published: 09 August 2017

INDUSTRIALS & ENERGY

Indian investor snaps up 70% ZimAlloys stake

AN unnamed Indian investor will snap up a 70 percent stake in Zimbabwe's second largest ferro-chrome producer Zim-Alloys after judicial manager Reggie Saruchera sealed a deal for a $90 million investm...

By Staff reporter | Published: 09 August 2017

FINANCIAL SERVICES

RBZ urged to strengthen RTGS system

AN Information and Communication Technology (ICT) expert has called for the further strengthening of the Real Time Gross Settlement (RTGS) amid revelations that a total of 2,5 million transactions va...

By Staff reporter | Published: 09 August 2017

LANDS & AGRICULTURE

Wheat board pleads with govt over rising costs

THE Zimbabwe Wheat Board (ZWB) has pleaded with government to intervene over the soaring costs of wheat production.The ZWB yesterday met acting President Emmerson Mnangagwa (pictured), where they plea...

By Staff reporter | Published: 09 August 2017

INDUSTRIALS & ENERGY

Govt, Sakunda work on $68m irrigation project

GOVERNMENT and Sakunda will collectively invest $68 million towards installation of centre pivots to strengthen irrigation infrastructure in support of agricultural programmes for import-substitution,...

By Staff reporter | Published: 08 August 2017

MINING & RETAIL

Freda Rebecca Mine finance chief on the run

Police are looking for Freda Rebecca Mine chief finance officer Kwong Po Shum for allegedly defrauding the company of over $214 000.According to a statement from Bindura CID, Kwong misrepresented that...

By Staff reporter | Published: 08 August 2017

MINING & RETAIL

ASA in fresh shareholder dispute

FREDA Rebeca's controlling London-listed shareholder, Asa Resources Plc, has run into a fresh shareholder dispute after a 15 percent owner in its Bindura gold mining unit accused the Chinese controlle...

By Staff reporter | Published: 08 August 2017

INDUSTRIALS & ENERGY

SecZim warns Van Hoogstraten

SecZim has warned businessman Van Hoogstraten against violating market rules after his investment vehicle tabled an informal rival offer to CFI Holdings minorities.SecZim chief executive Tafadzwa Chin...

By Staff reporter | Published: 08 August 2017

INDUSTRIALS & ENERGY

Ingwebu yet to resume mahewu production

INGWEBU Breweries management is not certain when the production of its non-alcoholic sorghum mahewu, which was suspended recently, will resume.Ingwebu, run by the Bulawayo Municipal Commercial Underta...

By Staff reporter | Published: 08 August 2017

FINANCIAL SERVICES

Insurance sector registers 32% asset growth

The Insurance and Pension Commission (Ipec) says the insurance industry registered a 32% total asset base growth to $5,4 billion, as at March 2017 due to growth in equities and asset revaluations.Ipec...

By Staff reporter | Published: 08 August 2017

INDUSTRIALS & ENERGY

Monarch exports up 167%

MONARCH Steel, a division of Treger Group of Companies has recorded 167 increase in export volumes since last year buoyed by Government's measures to support local industries.This has seen the company...

By Staff reporter | Published: 08 August 2017

INDUSTRIALS & ENERGY

Sino-Hydro, Zesa deal settled

SINO-Hydro has concluded a power purchase agreement with the Zimbabwe Electricity Transmission and Distribution Company for the supply of power from Hwange 7 and 8 units, a critical step towards reach...

By Staff reporter | Published: 08 August 2017

LANDS & AGRICULTURE

Arda Antelope creates 320 jobs

ABOUT 320 jobs have been created at the Agricultural and Rural Development Authority (Arda) Antelope Estate in Maphisa, Matobo District, alone through revitalised agricultural production, Acting Presi...

By Staff reporter | Published: 08 August 2017

LANDS & AGRICULTURE

Tobacco sales generate $540 million

TOBACCO sales have generated $540.9 million from 182.3 million kilogrammes that have gone under the hammer since the beginning of the marketing season in March, latest official data show.Last year, d...

By Staff reporter | Published: 08 August 2017

LANDS & AGRICULTURE

Avocado exports rake in $4.2 million

ZIMBABWE'S revenue from avocado exports increased by over 301.9 percent to $4.2 million last year from $1 million in 2012 driven mainly by large-scale avocado producers in Manicaland.In a monthly news...

By Staff reporter | Published: 08 August 2017

TRANSPORT & TOURISM

Turkish Airlines ready to introduce Harare flights

Turkish Ambassador to Zimbabwe, Mr Kadir Hidayet Eris says Turkish Airlines is ready to introduce directs flights to Harare and has urged the Zimbabwean government to expedite the ratification of the ...

By Staff reporter | Published: 07 August 2017

TRANSPORT & TOURISM

Marriott, Alibaba to redefine travel experience

Alibaba Group Holding and Marriott International, Inc. today announced the establishment of a joint venture to redefine the travel experience for the hundreds of millions of Chinese consumers travelin...

By Staff reporter | Published: 07 August 2017

FINANCIAL SERVICES

IPEC gets tough on insurance touting

The Insurance and Pension Commission (IPEC) has ordered all insurers, brokers and intermediaries to immediately stop using "unregistered" touts for marketing and selling insurance policies, especially...

By Staff reporter | Published: 07 August 2017

INDUSTRIALS & ENERGY

Baker's Inn installs additional $5 million plant

LEADING baking firm, Baker's Inn has installed an additional $5 million plant at its Bulawayo factory as it moves to satisfy the demand of its bread in the southern parts of the country.Regional engin...

By Staff reporter | Published: 07 August 2017

FINANCIAL SERVICES

MFIs defy RBZ interest rates directive

THE Reserve Bank of Zimbabwe (RBZ) says it will take action against microfinance institutions that continue to charge lending rates above 10 percent per month.In February, the monetary authority issue...

By Staff reporter | Published: 07 August 2017

LANDS & AGRICULTURE

Zim, SA cull million plus chickens on avian flue

SOUTH Africa and Zimbabwe have culled more than one million chickens after an outbreak of avian influenza, which threatens food security in the region, the Food and Agriculture Organisation said."This...

By Bloomberg | Published: 07 August 2017

FINANCIAL SERVICES

5-year labour row haunts RBZ

The labour row pitting the Reserve Bank of Zimbabwe (RBZ) and security guards it retrenched five years ago is back at the Labour Court with the former employees demanding their dues.The Supreme Court ...

By Staff reporter | Published: 07 August 2017

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