MINES and Mining Development Minister Walter Chidhakwa yesterday said the extraction of coal-bed methane gas in Lupane has begun, describing the development as "historic".Addressing delegates to the o...
By Oliver Kazunga | Published: 24 July 2014
SABLE Chemicals, Zimbabwe's sole producer of ammonium nitrate fertiliser, has taken coal samples from Sengwa in Gokwe to China to test the feasibility of processing the mineral for hydrogen.Gasified c...
By Golden Sibanda | Published: 24 July 2014
AfrAsia Bank has announced the closure of its Victoria Falls branch as part of the group's efforts to streamline operations.The branch will cease operations on July 31 and all accounts will be transfe...
By Leonard Ncube | Published: 24 July 2014
South African packaging company Nampak is seeking to consolidate its Zimbabwe businesses for them to be run under one entity. Nampak wholly owns CarnaudMetal Box (CMB), and has two associates Hunyani ...
By Staff reporter | Published: 24 July 2014
NATIONAL Social Security Authority's 140-room Beitbridge Hotel which is being leased by Rainbow Tourism Group will be officially opened on September 18 this year following completion of all formalitie...
By Staff reporter | Published: 24 July 2014
Struggling banks should consider merging or downgrading to micro-finance institutions which have less capital requirements and operating costs instead of posing a threat to the entire financial servic...
By Conrad Mwanawashe | Published: 24 July 2014
Banking giant Cabs says it will seek to raise at least $70 million dollars in lines of credit by the end of the year from its mortgage securitisation deal.Speaking at the launch of the bank's new look...
By Staff reporter | Published: 23 July 2014
Liquid Telecom, a leading data, voice and IP provider in Africa, is increasing VSAT (Very Small Aperture Terminal) capacity across the continent as demand continues to go up.In a statement, the compan...
By Staff reporter | Published: 23 July 2014
Listed beverages concern, Delta Corporation, is reportedly pressing ahead to close 15 customer collection depots (CCDs) as part of strategies to contain costs and rationalise operations.Sources said t...
By Staff reporter | Published: 23 July 2014
KWEKWE–based dairy processor, Dendairy, is set to commission two new packaging machines for aseptic production of dairy products.Aseptic processing is the process by which germ-free products are pac...
By Lovemore Zigara | Published: 23 July 2014
DELTA Corporation, Zimbabwe's largest listed company said volumes during the first quarter to June rose 1 percent, driven by strong growth in opaque beer.Sorghum beer volumes increased 15 percent, spu...
By Staff reporter | Published: 23 July 2014
Mining firms have accumulated pension arrears of up to $43 million since 2009 as the prevailing liquidity challenges are affecting companies' ability to remit employee contributions.As a result, the g...
By Staff reporter | Published: 23 July 2014
Sino Zimbabwe is set to increase its ginning and milling capacity by 17 percent following the purchase of additional equipment.Sino Zim purchased new springreels and weavings for the plant with the id...
By Staff reporter | Published: 23 July 2014
TELECOMMUNICATIONS firm Telecel says it is planning to tap into the retail sector as a new revenue stream.The company is already focusing its strategic direction on improved data services provision in...
By Staff reporter | Published: 22 July 2014
FAST-FOODS group Innscor Africa has informed its workforce that it would be retrenching its warehouse, distribution and administration section employees in Bulawayo citing viability challenges.The ret...
By Staff reporter | Published: 22 July 2014
American fast food chain Kentucky Fried Chicken (KFC) has reopened in Zimbabwe after a nearly seven-year closure.The retailer - planning to open about 25 outlets in Zimbabwe - finally unveiled its fir...
By Business Live | Published: 22 July 2014
GOLD deliveries to Fidelity Printers and Refiners, the country's sole buyer of the precious metal, hit nearly six tonnes in the six months to June this year, official statistics show.Gold producers de...
By Martin Kadzere | Published: 22 July 2014
Banks have agreed on a debt to equity swap with foods and beverage processor Cairns Holdings investor Vasari Global in what will significantly cut its net shareholding when the deal is finalised.Sourc...
By Golden Sibanda | Published: 22 July 2014
TEXTILE giant National Blankets Limited requires $3,5 million working capital to bring back production to competitive levels, an official has said. The firm, which was placed under judicial management...
By Oliver Kazunga | Published: 21 July 2014
Barclays Zimbabwe has launched a campaign to send money for free to recipients in Zimbabwe through the ATM. The "Cashsend Craze Campaign" that will run until September 30, 2014 is aimed at providing c...
By Staff reporter | Published: 21 July 2014
OLD Mutual is setting up infrastructure and agriculture funds to support fiscal activity as the group sees economic rebound in the country, an official has said.Group chief executive officer Mr Jonas ...
By Conrad Mwanawashe | Published: 21 July 2014
Jersey-registered and London-listed Masawara is set to extend its control of Zimbabwe's largest holding company, TA Holdings by buying out minority shareholders in the group. Masawara - an investment ...
By Staff reporter | Published: 21 July 2014
Coca-Cola's assistant brand manager Vee Sibanda says at least 1,300 Zimbabwean female entrepreneurs have been empowered under its 5by20 empowerment programme. The programme seeks to address the most c...
By Charity Ruzvidzo | Published: 21 July 2014
MAKOMO Resources Limited has started commissioning its coal washing machine, with production expected to rise three-fold, a senior company official said last week.The coal washing plant is a facility ...
By Martin Kadzere | Published: 21 July 2014
The wage dispute between the soft drink manufacturing employees union and manufacturing employers association has reached a deadlock on the issue of wage increase forcing the two parties to approach t...
By Tinashe Makichi | Published: 21 July 2014
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
