GREEN Fuel area general manager Mr Graeme Smith, who was at the helm of the Chisumbanje ethanol project management since inception, has stepped down.The company's community projects manager, Ms Nicoll...
The Zimbabwe Mining Development Corporation needs to realign its costs to current production levels to be able to revive its gold mining operations, parliamentarians heard today.Giving oral evidence t...
Hwange Rural District Council is owed more than $2 million in unit tax which has accrued over the past six years as mining houses operating within its area of jurisdiction continue to default, an offi...
Cigarette manufacturer BAT Zimbabwe says it is focusing on building its manufactured cigarette portfolio after stopping semi-processed tobacco exports last year.In an interview, BAT Zimbabwe managing ...
Zimbabwe's exports have taken a knock from the struggling manufacturing sector which is operating at around 37 percent of installed capacity.Latest trade figures from the Zimbabwe National Statistical...
ZIMBABWE is exporting electricity generated during off-peak periods, particularly after 9pm to neighbouring countries at a time when it ironically imports power to offset deficit during the day.Althou...
Meikles Centar Mining has shelved plans to venture into platinum mining following the withdrawal of a prospective investor who had shown interest in the venture, a company official said.The mining com...
Quest Motors does not require a capital injection but rather Government support through the purchase of the company's wide range of vehicles.Quest Motors Manufacturing Engineering Manager Mr Ezekiel M...
RAINBOW Tourism Group (RTG) says it has set aside at least $400 000 to refurbish the Bulawayo Rainbow Hotel.The refurbishment follows similar exercises at Rainbow Towers and the Kadoma Hotel and Confe...
Quest Motors Manufacturing (Quest) says Zimbabwe must ban car imports.The group - with capacity to produce 105 cars per day and 100 buses monthly - said government should shift its policy towards prom...
Contract tobacco continues to trickle in as overall sales reach $655 million ahead of the commencement of mop-up sales on July 15.Latest figures from the Tobacco Industry Marketing Board (TIMB) show t...
The Postal and Telecommunications Regulatory Authority of Zimbabwe should use the Universal Services Fund to develop ICT knowledge in under-serviced areas and circumvent the delays in putting up passi...
ESSAR Africa Holdings has begun operations at Zisco and is engaging creditors to work on a repayment plan while it waits for the construction of a new iron and steel plant in 24 months, Industry and C...
A NUMBER of investors have shown interest in CAPS Holdings, but the pharmaceutical company is caught up in numerous court cases, Industry and Commerce minister Mike Bimha has said.At its peak, CAPS Ho...
GOVERNMENT is considering a proposal to hive-off a $39,8 million legacy debt from the Infrastructure Development Bank of Zimbabwe (IDBZ) balance sheet to give the institution room to mobilise resource...
MOBILE network operator Telecel Zimbabwe has embarked on a fibre deployment project which will see the company laying its own optical fibre cable to avail more high capacity data provisioning for the ...
Up to five Zimbabwean banks are "ill", but this will not have an impact on the overall sector due to their small size, Finance minister Patrick Chinamasa said yesterday, without naming the stressed l...
The Reserve Bank of Zimbabwe (RBZ) says it has registered 153 micro-finance institutions since January this year after being satisfied with their capitalisation levels.In a report for micro-finance in...
SLICE Pizzeria, a new food outlet in Bulawayo, has introduced a new brand of pizza baked in fire ovens to fill a niche of the market share.The proprietors of the food outlet, Xolani Dube and his wife ...
CABS has suspended disbursement of monies to the Youth Fund due to the high rate of default on re-payments.CABS managing director Kevin Terry told a Parliamentary Portfolio Committee on Youth, Indigen...
MEIKLES Limited, a leading retail and hotel group, is in the process of acquiring a 51% shareholding in a group of gold mines in the Matabeleland area valued at $3 million, an official has said.Accord...
THE average ratio of non-performing loans (NPL) to total advances rose marginally in three months to March as the weak economy militated against borrower's ability to repay.However in spite of this, b...
THE Insurance and Pensions Commission (IPEC) has revealed that only 12 of the 25 licensed insurance companies have complied with the minimum capital requirement of $1,5 million by the end of last mont...
THE High Court has ordered Altifin Insurance to pay the Cotton Company of Zimbabwe about $117 000 plus interest which arose from an insurance claim raised by the cotton producer.High Court Judge Justi...
The Reserve Bank of Zimbabwe (RBZ) says mobile banking is an important driver of transactions in the financial sector as it caters for millions of people who do not have accounts.RBZ Governor, Dr John...