TRANSPORT & TOURISM

Zimbabwe launches prepaid tolling card

The Zimbabwe National Roads Administration (Zinara) has launched a prepaid tolling card for the motoring public's "convenience and especially those in the logistics sector to have total control, and o...

By Staff reporter | Published: 22 June 2015

LANDS & AGRICULTURE

'Zimbabwe to stop milk imports in 3 years'

The Zimbabwe Association of Dairy Farmers (ZADF) says 85 percent of milk consumed by citizens is imported, a situation that has forced government to come up with a policy to stop milk imports in three...

By Staff reporter | Published: 22 June 2015

TELECOMS & TECHNOLOGY

Vere appointed new Telecel boss

Angeline Vere has been appointed as Telecel Zimbabwe (Telecel)'s new chief executive with effect from June 1, 2015.The trained lawyer, who has been the company's general manager for years, takes over ...

By Staff reporter | Published: 22 June 2015

FINANCIAL SERVICES

Atlas Mara disposes 10% stake in Brainworks

Atlas Mara Co-Nvest Limited (Atlas Mara) on Wednesday disposed its 10,1 percent stake in Zimbabwe-focused private equity and advisory firm Brainworks Capital Management Limited (Brainworks) valued at ...

By Staff reporter | Published: 22 June 2015

FINANCIAL SERVICES

RBZ will act accordingly on ailing banks

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya insists that troubled banks have up to end-June to put their act together before authorities can move in to restore investor confidence.The Centra...

By Staff reporter | Published: 22 June 2015

LANDS & AGRICULTURE

SeedCo records $15m profit

Zimbabwe Stock Exchange-listed agriculture concern, SeedCo Limited (SeedCo), registered a 27 percent increase in profits to $15 million in the full year to March 2015 from $11 million in the prior per...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Kalaa Mpinga resigns as Mwana CE

Mwana Africa Plc (Mwana) founder and chief executive Kalaa Mpinga has resigned with immediate effect after the recent boardroom changes at the Zimbabwe-based nickel and gold miner.Yat Hoi Ning, the ne...

By Staff reporter | Published: 22 June 2015

FINANCIAL SERVICES

Zamco finalises NPLs assessment

Zimbabwe Asset Management Company (Zamco) - a government's special purpose vehicle to house non-performing loans (NPLs) - is finalising modalities to clean up local banks' balance sheets, a central ba...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Zimbabwe miners welcomes lift on export chrome ban

Zimbabwe miners and other economic stakeholders have hailed government's move to immediately lift a ban on the export of the mineral as it will enable them to raise funds to increase smelting capacity...

By Staff reporter | Published: 22 June 2015

INDUSTRIALS & ENERGY

Coca-Cola launches Novida

Coca-Cola has launched a new fruit flavoured light malt non-alcoholic beverage, Schweppes Novida, which is available in two flavours - pineapple and mandarin in a sleek 400 ml PET bottle.Takunda Jinda...

By Staff reporter | Published: 22 June 2015

INDUSTRIALS & ENERGY

Delta pays $45m dividend

Zimbabwe's largest beverages maker, Delta Corporation (Delta), will on Wednesday this week reward its shareholders with a final dividend of $28,4 million.This will bring the total dividend for the yea...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Chinese shareholder appointed Mwana interim chairman

AIM-listed Africa-focused resources group, Mwana Africa Plc (Mwana), has appointed Yat Hoi Ning as its interim chairman.Ning, who takes over from Stuart Morris who retired last week Friday, will - wit...

By Staff reporter | Published: 22 June 2015

FINANCIAL SERVICES

Zimbabwe banks shun corporates, says AfDB

Zimbabwe's financial services now prefer lending to individuals in favour of risky corporate borrowers, the African Development Bank (AfDB) has said.In its March 2015 Monthly Report on Zimbabwe, the r...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Zimbabwe gold production up 50%

Zimbabwe's total gold deliveries surged by nearly 50 percent to 1 546,16 kilogrammes (kg) in March 2015, from 1 040,49 kg recorded in March 2014, figures from the African Development Bank (AfDB) revea...

By Staff reporter | Published: 22 June 2015

TRANSPORT & TOURISM

African Sun return to profitability

Listed hospitality concern African Sun Limited (ASL) recorded a profit of $850 519 in the six months to March 2015, compared to a loss of $1,4 million in the prior period, due to increased foreign tou...

By Staff reporter | Published: 22 June 2015

LANDS & AGRICULTURE

Tobacco farmers earn $430 million

Zimbabwe tobacco farmers have so far earned nearly $430 million from the sale of 145,5 million kilogrammes (kg) of flue cured tobacco since the beginning of the current marketing season in March this ...

By Staff reporter | Published: 22 June 2015

INDUSTRIALS & ENERGY

Tongaat's Zimbabwe sugar sales up 109%

Sugar producer, Tongaat Hulett Zimbabwe (Tongaat), says its domestic market sales for the year to March 2015 surged 109 percent to 309 000 tonnes from 148 000 tonnes in 2014 due to the introduction o...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Zimbabwe warned against mortgaging minerals

Zimbabwe must stop mortgaging minerals to secure loans but must negotiate deals more shrewdly to preserve future generations from bad decisions, a renowned Ghanaian economist said.Douglas Boateng, Afr...

By Staff reporter | Published: 21 June 2015

FINANCIAL SERVICES

FMHL operating profits up 1 090%

Listed financial services group First Mutual Holdings Limited (FMHL)'s operating profit surged by 1 090 percent to over $1 million in the first four months to April 2015 due to cost cutting measures a...

By Staff reporter | Published: 21 June 2015

TELECOMS & TECHNOLOGY

Econet declares $15m dividend

Zimbabwe's largest mobile telecommunications company by subscriber base, Econet Wireless (Econet), will pay out a whopping $15 million to shareholders this year.This comes after the mobile giant regi...

By Staff reporter | Published: 22 June 2015

CONSTRUCTION & PROPERTY

Mash Holdings occupancies down 6%

Mashonaland Holdings (Masholdings) says its property occupancies slumped by six percentage points to 79 percent in the half year to March 31, 2015, on the back of declining economic conditions in Zimb...

By Staff reporter | Published: 21 June 2015

MINING & RETAIL

Blanket Mine boosts Caledonia expansion plans

London-listed Caledonia Mining Corporation Limited (Caledonia)'s expansion plans have been given a boost by an increase and upgrade in the gold resource at its Zimbabwean Blanket Mine (Blanket).This c...

By Staff reporter | Published: 21 June 2015

FINANCIAL SERVICES

Nicoz gross premium flat at $11,1m

Listed short-term insurer NicozDiamond Insurance Limited (Nicoz)'s gross premium written (GPW) for the four months to April 2015 remained almost flat at $11,16 million compared to same period last yea...

By Staff reporter | Published: 21 June 2015

MINING & RETAIL

OK Zimbabwe engages foreign suppliers

Zimbabwe Stock Exchange (ZSE)-listed retailer, OK Zimbabwe Limited (OK), says it is engaging foreign retailers for the manufacturing of in-shop brands to boost the group's revenues.Its chief operation...

By Staff reporter | Published: 21 June 2015

INDUSTRIALS & ENERGY

Tongaat production down 9%

Zimbabwe's largest sugar producer, Tongaat Hulett, production declined by nine percent to 445 000 tonnes in the full year to March 2015 compared to 488 000 registered in the prior period due to low da...

By Staff reporter | Published: 21 June 2015

Latest News

Latest Published Reports

Latest jobs