The 2016/17 agricultural season registered a 280 percent increase in average household maize production from the previous year, the latest Zimbabwe Vulnerability Assessment Committee (ZimVAC) report r...
STANBIC Bank Zimbabwe says it has channelled $273.2 million towards financing the tobacco industry this year.The bank's head of corporate and investment banking, Mr Rhett Groves, said yesterday the su...
ZIMBABWE's electricity imports rose 260 percent last year as the power utility, Zesa Holdings, moved to avert shortages and cuts, which would have crippled business and industrial operations.Zimbabwe'...
South African power utility, Eskom has threatened to switch off ZESA Holdings by the end of this month if it fails to adhere to the agreed payment plan.The government through ZESA Holdings agreed to p...
Cigarette manufacturer, British American Tobacco Zimbabwe (BAT Zim) on Wednesday announced a 27 percent jump in after tax profit to $4,6 million for the half-year ended June 2017.The jump in profit, d...
In a 2015 investors report, Pan-African stock analysts Imara Edwards Securities projected that Zimbabwe Stock Exchange-listed sugar processor Hippo Valley Estates Limited's share price was significant...
The government has been advised to recapitalise the engineering sector and effectively utilise its broad-based skills to harness revenue for the potential growth of the industry.Lack of investment and...
The government has appointed a new board at the Zimbabwe United Passenger Company (ZUPCO) tasked with the mandate to restore the viability of the parastatal into a vibrant and competitive entity.The p...
AFTER years of going back and forth on Cold Storage Company (CSC)'s revival, government believes it has finally found that missing link which could do the trick - Command Livestock.Command Livestock i...
DELTA Beverages, the country's largest beverages manufacturer is closing its Victoria Falls depot, as part of a rationalisation exercise, the company has confirmed.Delta corporate affairs director, Al...
GOVERNMENT has dispatched a technical team to Karoi in Mashonaland West to explore gemstones, a Minerals Marketing Corporation of Zimbabwe (MMCZ) official has revealed."I want to touch briefly on the ...
Simbisa Brands' bakery unit, Bakers Inn, says it has invested about $2 million in a new factory in the country's second largest city - Bulawayo - as it moves to drive its 450 000 loaves per day output...
THE Zimbabwe Mining and Smelting Company, once the largest ferrochrome producer in the country and a force to reckon with in Africa, is slowly making its way up to the top again, rising from a debt ov...
ZIMBABWE has generated about $22.6 million from 153 000 tonnes of chrome ore exported through toll arrangement since last year, an official has said.Speaking during a small-scale miners' conference in...
THE country's biggest shoe manufacturer, Bata Shoe Company, plans to increase production of its Pata Pata and Sandak brands in response to increasing market demand.Bata last year sold about 1,2 millio...
PRIVATE schools in the country are facing hard times with some of them coming up with drastic measures to save their institutions from collapse due to financial challenges.Petra Schools Trust in Bulaw...
OVER 100 Wattle Company employees last week downed tools and footed a 40km journey from the company's timber estate in Vumba to its headquarters in Mutare in protest over non-payment of their salaries...
Finance and Economic Development Minister Patrick Chinamasa has waived the backdated Value Added Tax (VAT) accruing on food and beverages offered by the tourism industry as part of packaged accommodat...
The national flag carrier Air Zimbabwe and the Civil Aviation Authority of Zimbabwe's fight over passenger service fees is set to be a thing of the past with the two entities agreeing on the setting u...
National Railways of Zimbabwe (NRZ) board and management must actively pursue the mineral claims in South Africa as they could provide an important source of leverage in sourcing funding, Parliament h...
British American Tobacco said it is pleased to announce today the completion of the acquisition of the remaining 57.8% of Reynolds American the Company did not already own.The acquisition creates a st...
With an aim to become a regional power distribution hub by 2021, Zimbabwe has announced that it will construct a 1,000km regional power line in 2018 in partnership with stakeholders from Mozambique a...
Government's plans to privatise national carrier, Air Zimbabwe, may be in for a bumpy ride amid indications that the airline's major creditors are moving to stop the transition.Insiders who spoke to t...
FINANCE minister Patrick Chinamasa yesterday described the current cash shortages as a mirage, saying the government was satisfied with the prevailing liquidity position obtaining in the country.Addre...
MINES minister Walter Chidakwa has called on platinum producers to invest in refining facilities, to enable the country to draw maximum benefit from its mineral resources.In a speech read on his behal...