INDUSTRIALS & ENERGY

Bata pushes for ban of hides exports

THE country's biggest shoe manufacturer, Bata Shoe Company, is pushing for Government to ban the exportation ofraw hides which the Gweru-based company said was starving tanners of their basic raw mate...

TELECOMS & TECHNOLOGY

Econet to introduce an entirely IP network

Econet Wireless is working expanding its 3G and 4G services to pave way for the introduction of an entirely Internet Protocol (IP) network which will enable the transmission of information between dev...

TELECOMS & TECHNOLOGY

NetOne targets 3million subscribers

State-owned mobile services provider, NetOne, is targeting to increase its subscriber base to three million people by the end of this year, an official said on Monday. NetOne has been lagging behind i...

TRANSPORT & TOURISM

Fastjet to service Zim-Tanzania route

Africa's low-cost airline, Fastjet, will begin operating services between Tanzania and Zimbabwe in August as it expands its international route network across Africa. The airline will launch a twice w...

MINING & RETAIL

TM loses Avondale branch premises

Retailer, TM Supermarket lost its bid to retain the Avondale branch premises, which it operated from for more than four decades after the Supreme Court threw out its appeal in a dispute with the landl...

LANDS & AGRICULTURE

Dairiboard targets 25% market share

DAIRIBORD Zimbabwe targets to capture 25 percent of the traditional beverages market share by December spurred on by its new traditional Pfuko/Udiwo maheu product, a senior official has said. DZPL man...

MINING & RETAIL

Bikita Minerals to invest into exploration

Zimbabwe biggest lithium miner, Bikita Minerals is set to invest into exploration activities for tantalite in order to grow its portfolio, taking advantage of the firming international prices currentl...

INDUSTRIALS & ENERGY

Sino Hydro set to get Hwange contract

ZIMBABWE Power Company has proposed to give Sino Hydro a contract to expand Hwange Thermal Power Station after the winning bidder China Machinery Engineering Company failed to demonstrate financial ca...

TRANSPORT & TOURISM

Zim, India sign air service agreement

INDIAN Airlines may start flights to Zimbabwe following the signing of an air service agreement between Government and India in  Harare yesterday.The agreement will also allow airlines, including...

MINING & RETAIL

Mwana Africa poised for growth in Zim, DRC

The steady tick up of the share price of Mwana Africa over the last six months mirrors a stream of steady positive news flow reported by the company this year.The firm, which operates the Freda Rebecc...

FINANCIAL SERVICES

ABC set to benefit from fundraising

Listed financial institution ABC Holdings is set to benefit from the second fundraising done by soon-to-be major shareholders Atlas Mara. The Atlas Mara group is said to have raised in excess of $300 ...

MINING & RETAIL

Premier Minerals to repeat tungsten study

Premier African Minerals, an AIM-listed natural resource company, fell 18 percent after admitting the metallurgical study on the RHA tungsten project in Zimbabwe needs to be repeated.At 60 percent, th...

TELECOMS & TECHNOLOGY

Three insurance firms in Telecash agreement

Three more insurance companies - Old Mutual,  Zimnat and Nyaradzo - have signed agreements with Telecel Zimbabwe for the payment of insurance premiums using telecash, Telecel's mobile electronic ...

FINANCIAL SERVICES

ZimSwitch connecting local banks to the region

ZIMSWITCH is at an advanced stage of linking local banks to their regional counterparts in a move that will facilitate the flow of cross-border transactions between Zimbabwe and other countries in the...

CONSTRUCTION & PROPERTY

ZPI income declines 22%

Zimre Property Investments recorded a 22 percent decline in income in the five months to May this year following negative growth in rent income and property sales.The real estate investment company sa...

MINING & RETAIL

Falgold revenue falls

ZIMBABWE Stock Exchange-listed firm Falcon Gold said revenue for six months to this March fell 56 percent following the shutdown of Dalny Mine in August last year.Sales from the bullion declined to $6...

INDUSTRIALS & ENERGY

Meikles in major shake up

Meikles has fired one of its directors and senior manager for TM Supermarkets, Mr Bisset Chimhini, in a management shake-up that is expected to claim the scalps of two or even more directors, The Hera...

Zimpost expects flat performance

Zimpost expects a flat performance in the topline but is forecasting better performance in 2015 as new products begin to perform, a company official said.Zimpost introduced an array of products with t...

FINANCIAL SERVICES

NMB Bank puts plans on hold

LISTED financial institution, NMB Bank has put on hold plans to raise about $5 million mainly from pension funds to provide loans to small and medium enterprises after the bank managed to raise "more ...

INDUSTRIALS & ENERGY

Essar to inject funds into Lancashire Steel

Essar Holdings has agreed to immediately inject money into Lancashire Steel and production is expected within the next six months, deputy Minister of Industry and Commerce Chiratidzo Mabuwa has said.L...

CONSTRUCTION & PROPERTY

Lafarge to invest $250m in new plant

Lafarge Cement says it may invest up to $250 million towards setting up a new cement manufacturing plant. However, for now, the company is still looking for feasible limestone deposits.Chief executive...

INDUSTRIALS & ENERGY

Essar to revive Lancaster Steel

Essar Holdings has agreed to immediately inject money into Lancashire Steel and production is expected within the next six months, deputy Minister of Industry and Commerce Chiratidzo Mabuwa has said.L...

FINANCIAL SERVICES

Zimpost repositions itself

Zimpost has strategically positioned itself as it embraces the fast paced technological era that almost rendered it extinct.The introduction of social media platforms and other forms of technology tha...

TELECOMS & TECHNOLOGY

Mobile financial transactions up

Zimbabwe's mobile financial transactions grew by more than 55 percent in May reflecting confidence by the banking public in using the plastic money system.According to the Reserve Bank of Zimbabwe wee...

INDUSTRIALS & ENERGY

Sugar producer price falls 9%

The producer price for sugar has dropped by nine percent to $574 per tonne from $627.67 last year mainly due to decline in value of the commodity on the international market, an official said on Monda...