INDUSTRIALS & ENERGY

AVM gets $20m from China

Another mega deal signed between Zimbabwe and China in 2015 has been actualised, with Baic Automotive Group releasing US$20 million for recapitalisation of bus manufacturer AVM Africa. The deal is am...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Zim's diamond cutters, polishers struggling

Zimbabwean diamond cutting and polishing companies are struggling to absorb the mandated 10% market share set aside by government to encourage growth and development of the downstream industries, an ...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

More funding for command agriculture

Local fuel dealer, Sakunda Energy, says it is targeting to increase its funding for maize production under the command agriculture scheme to cover at least three million hectares next season.Vice-Pre...

By Staff reporter | Published: 23 July 2017

LANDS & AGRICULTURE

Zim farmers deliver grain to GMB

Over 1 000 tonnes of maize from the 2016/17 agricultural season had been delivered to the Grain Marketing Board (GMB) by April this year, the state's grain procurer said.Speaking at the maize value c...

By Staff reporter | Published: 23 July 2017

TRANSPORT & TOURISM

African Sun unveils 'new' Holiday Inn Mutare

AFRICAN Sun-owned Amber Hotel Mutare was recently rebranded to Holiday Inn Mutare in a move that is likely to bring competitiveness in the hospitality sector in Manicaland Province, with owners forkin...

By Staff reporter | Published: 23 July 2017

TELECOMS & TECHNOLOGY

NetOne says campaign a success

NetOne says its ambitious Basa Sebasa project rolled out in Harare last month to expand the mobile network provider's subscriber base and has now cascaded to all provinces has started paying dividend...

By Staff reporter | Published: 23 July 2017

MINING & RETAIL

Zim embarks on mining titles computerisation

The government has embarked on a programme to computerise mining title systems in a move aimed at ending the practice of double allocation of mining claims while facilitating the smooth implementation...

By Staff reporter | Published: 22 July 2017

TRANSPORT & TOURISM

CAAZ works on Harare airport upgrade funding

The Civil Aviation Authority of Zimbabwe (CAAZ) is finalising the financing model for the US$153 million upgrading of Harare International Airport to pave way for the resumption of civil works.The exp...

By Staff reporter | Published: 22 July 2017

MINING & RETAIL

New Ziscosteel deal nears finalisation

The government is on the verge of striking a deal with some foreign investors that will see the revival of Ziscosteel.Addressing delegates during a Round Table Ministerial Conference in Bulawayo, the ...

By Staff reporter | Published: 22 July 2017

FINANCIAL SERVICES

Ultimatum for Zim insurance firms

Insurance companies have been directed to comply with new minimum capital requirements by year end as part of efforts to increase business confidence within the sector.This emerged at the Insurance In...

By Staff reporter | Published: 22 July 2017

FINANCIAL SERVICES

Taking StanChart Goal to even greater heights

Standard Chartered Goal Programme hosted a two-day summit titled Beyond Girls' Education Global Summit 2017. The summit agenda highlighted the best practises and opportunities to support adolescent gi...

By Agencies | Published: 22 July 2017

TELECOMS & TECHNOLOGY

Doves CEO accuse Econet, NetOne

DOVES Funeral Services has accused leading telecommunications companies of creating unfair competition by deviating from their core mandate into the provision of funeral insurance.According to NewZim...

By Staff reporter | Published: 22 July 2017

INDUSTRIALS & ENERGY

Dema power project dead in the water

The $250 million Dema Power Plant - set up to provide emergency power in the wake of electricity shortages due to low water levels in Kariba Dam - has been mothballed on the back of fuel challenges, i...

By Staff reporter | Published: 22 July 2017

TRANSPORT & TOURISM

Controversy rocks NRZ tender

EYEBROWS have been raised over the experience and capacity of Diaspora Infrastructure Development Group (Pvt) Ltd (DIDG), which is partnering South Africa's Transnet in a joint bid for the National Ra...

By Staff reporter | Published: 22 July 2017

MINING & RETAIL

Gold production target reviewed

THE government has revised downwards its gold production target of 28 tonnes to 24,5 tonnes for this year due to loss of production in January and February largely as a result of heavy rains that floo...

By Staff reporter | Published: 22 July 2017

TELECOMS & TECHNOLOGY

Borrowdale telephone numbers to change

The country's sole fixed telephone operator, TelOne is currently in the process of digitalizing its network, in a move that will unlock new capacity as well as introduce more technologies and increase...

By Ngoni Shenjere | Published: 21 July 2017

FINANCIAL SERVICES

Zim banking sector growth to slow down

Zimbabwe's financial sector growth is anticipated to slow down to 1,7 percent after bankers smiled all the way to the bank and recorded a 42 percent profit surge last year, data from the World Bank sh...

By Staff reporter | Published: 21 July 2017

FINANCIAL SERVICES

CBZ appoints Board Chairman

The board announces the appointment of Mr. Noah Manomano Matimba as Chairman of CBZ Holdings Board with effect from 18 July 2017. Matimba, an accountant by training, holds amongst other qualifications...

By Ngoni Shenjere | Published: 21 July 2017

TRANSPORT & TOURISM

NRZ suitor offers $2.5bn bid

ONE of the bidders for the National Railways of Zimbabwe (NRZ) recapitalisation programme has pledged to secure up to $2.5 billion towards turning around the parastatal.NRZ board chairman, Mr Larry Ma...

By Staff reporter | Published: 21 July 2017

MINING & RETAIL

Mineral exports exceed $1bn mark

ZIMBABWE'S total mineral export earnings in the first half of the year have exceeded the $1 billion mark as Government and miners move to grow the sector from a $2 billion to a $3 billion a year expo...

By Staff reporter | Published: 21 July 2017

INDUSTRIALS & ENERGY

Tycoons in nasty CFI control battle

When Zimre Holdings Ltd (ZHL)'s Stalap Investments announced its offer to buy out CFI minorities last Friday, an all-out war between British tycoon Nicholas Van Hoogstraten and the Rudland brothers - ...

By Staff reporter | Published: 21 July 2017

TELECOMS & TECHNOLOGY

Econet in Zimbabwe Best Buy Award survey

The ICERTIAS Best Buy Award 2017/2018 survey has shown that Zimbabwe citizens recognise the companies and brands that offer the best price-quality ratio, with the likes of Toyota, Dairibord, OK, KDV, ...

By Agencies | Published: 20 July 2017

TRADE & INDUSTRY

PSMAS directors paid $602 000 last year

PREMIER Medical Aid Society (PSMAS) paid its directors a combined $602 000 last year, making its board better remunerated than listed heavyweights such as Delta Corporation, OK Zimbabwe and Innscor Af...

By Staff reporter | Published: 20 July 2017

FINANCIAL SERVICES

Treasury Bills outstrip banks' equity

THE value of Treasury Bills (TBs) has outstripped bank equity capital by 1,7 times, a new report indicated this week, raising questions over the financial sector's ability to continue absorbing the pa...

By Staff reporter | Published: 20 July 2017

TRANSPORT & TOURISM

Air Zimbabwe set to recruit

AIR Zimbabwe (AirZim) is expected to launch a recruitment drive to replace staff retrenched a fortnight ago, sources said this week.The airline retrenched 200 of its staff two weeks ago under a restru...

By Staff reporter | Published: 20 July 2017

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