INDUSTRIALS & ENERGY

Colcom targets 100% capacity utilisation

ZIMBABWE Stock Exchange-listed Colcom Holdings is targeting 100% capacity utilisation following its decision to move into the lucrative Angolan market, a company official has said.Speaking at the Zimb...

By Staff reporter | Published: 17 April 2014

TRANSPORT & TOURISM

Air Zimbabwe must look east, says ZimTrade

Air Zimbabwe must consider introducing flights to East Africa, particularly South Sudan, and make the most of the potential that exists in the region, the country's trading facilitation body.According...

By Staff reporter | Published: 17 April 2014

MINING & RETAIL

Ministry to resuscitate Kwekwe gold plant

The government has assumed responsibility of resuscitating Kwekwe refractory gold roasting plant with a view to realise $140 million from extracting gold trapped in dumps at the plant, a senior govern...

By Staff reporter | Published: 17 April 2014

MINING & RETAIL

Meeting over Zimplats shares

The Mhondoro-Ngezi-Chegutu-Zvimba Community Share Ownership Trust and platinum giants Zimplats will soon approach government to formalise and complete legal instruments of the transfer of shares to th...

By Staff reporter | Published: 17 April 2014

FINANCIAL SERVICES

Tetrad property attached

TETRAD Investment Bank's movable property face the hammer after the Deputy Sheriff attached its assets to recover nearly $500 000 which Bindura University of Science and Education had invested with th...

By Fidelis Munyoro | Published: 17 April 2014

TELECOMS & TECHNOLOGY

NetOne warms up to competition

Technology has opened unprecedented opportunities and added convenience to millions around the world.Due to these advancement adopted by our mobile service providers it is now possible to pay for util...

By Business Correspondent | Published: 17 April 2014

MINING & RETAIL

Zim diamond revenue may rise 47%

ZIMBABWE'S diamond revenues may rise 47 percent this year, indicating the country could have been "fleeced" from its previous diamond sales, a research report has said.Diamond revenues were also lower...

By Martin Kadzere | Published: 17 April 2014

BUSINESS NEWS

IDC shortlists SA firm for ZGB stake

THE Industrial Development Corporation has shortlisted a South African company to buy its 49 percent stake in struggling Zimbabwe Grain Bag.IDC has been seeking an investor to take over its stake in t...

By CAJ News. | Published: 17 April 2014

FINANCIAL SERVICES

Govt to clear RBZ gold bonds

THE Government will clear gold bonds owed by the Reserve Bank of Zimbabwe to bullion producers as part of efforts to clean the central bank's balance sheet, Finance and Economic Development Permanent ...

By Conrad Mwanawashe | Published: 17 April 2014

MINING & RETAIL

Murowa Diamonds production falls 12%

RIO Tinto, the world second largest miner said production at its Zimbabwe's diamond unit, Murowa fell 12 percent in the quarter to March 2014 due to lower ore grades and the excessive rains."Murowa re...

By Business Reporter | Published: 16 April 2014

TRANSPORT & TOURISM

Air Zimbabwe flies with less than 30 aboard

Air Zimbabwe (AirZim) is struggling to break even on its Harare-Johannesburg-Harare route amid disclosures that one flight on March 29 had less than 30 passengers aboard.The airline was using a B767-2...

By Staff reporter | Published: 16 April 2014

INDUSTRIALS & ENERGY

Iranians abandons Zimbabwe project

Chitungwiza based textile manufacturer, Modzone Enterprises, closed shop in 2012 after its Iranian shareholders stopped investing in the firm as they were not recouping anything from the venture, an o...

By Staff reporter | Published: 16 April 2014

INDUSTRIALS & ENERGY

'WMMI needs effective procurement policy to restart'

The mothballed Willowvale Mazda Motor Industries is in a functional state and can start operating as soon as Government puts in place an effective local procurement policy for the motor industry, an o...

By Staff reporter | Published: 16 April 2014

FINANCIAL SERVICES

Loan sharks feast on pensioners

Loan sharks and money lending firms are feasting on desperate pensioners seeking short term loans for personal use and capital projects by charging exorbitant interest charges of up to 40% per month, ...

By Staff reporter | Published: 16 April 2014

FINANCIAL SERVICES

Zimre mulls offloading stake in Malawian insurer

Zimre Holdings Ltd is considering offloading its stake in Malawi-based United General Insurance Company (UGI), to its subsidiary NicozDiamond. Sources close to the deal said it was only logical to sel...

By Staff reporter | Published: 16 April 2014

LANDS & AGRICULTURE

Ostrich industry collapses

The ostrich industry in Zimbabwe has virtually collapsed with the few birds left found in private wildlife parks while the association of producers has also folded, leaving farmers without a represen...

By New Ziana | Published: 16 April 2014

INDUSTRIALS & ENERGY

Scrap duty on synthetic hair products

Hair products manufacturer Blue Track Investments has called upon Government to scrap duty on imported on synthetic fibre.The company imports all its raw materials used in the manufacturing of the br...

By Staff reporter | Published: 16 April 2014

INDUSTRIALS & ENERGY

SABMiller's Zim lager volumes down 18%

Leading brewer SABMiller's lager volumes in Zimbabwe were 18 percent lower in the full year to March 31, 2013.In a trading update this morning, SABMiller attributed the constrained performance of its...

By Staff reporter | Published: 16 April 2014

MINING & RETAIL

Africa Chrome Fields sells Zim chrome venture for $4m

Australian domiciled exploration company African Chrome Fields (ACJ), formerly TPL Corporation is selling 70% of its stake in African Chrome Fields Pte Limited for $4 million. ACJ is the holder of app...

By Staff reporter | Published: 15 April 2014

FINANCIAL SERVICES

Premier Diamonds gets High Court reprieve

Local firm, Premier Diamonds got a reprieve last week after the High Court granted an order staying the execution of an order compelling it to settle a $4.6 million loan advanced by BancABC to finance...

By Staff reporter | Published: 15 April 2014

TELECOMS & TECHNOLOGY

Econet won't back down on tariff

Econet Wireless Zimbabwe has declared that it will never back down on its earlier demands for banks to pay a prescribed tariff in order to gain access to its transaction messaging system. Chief execut...

By Staff reporter | Published: 15 April 2014

TRANSPORT & TOURISM

NRZ scouts for investors

THE National Railways of Zimbabwe is scouting for investors to partner it in the construction of rail link between Lion's Den near Chinhoyi and Kafue in Zambia as it seeks to create a shorter transit ...

By CAJ News. | Published: 15 April 2014

TRANSPORT & TOURISM

Zim invited to Netherlands for tourism event

Zimbabwe has been invited to the International Travel and Tourism Market (ITTM) to be held in the Netherlands this week, an official said on Friday.In a statement Tourism and Hospitality Industry Mini...

By New Ziana | Published: 14 April 2014

LANDS & AGRICULTURE

Zim beekeepers fail to supply export order

Zimbabwean beekeepers have failed to supply an order for honey and its other products from a Bulgarian company due to low production levels and technology used, an official said on Friday.Beekeepers A...

By New Ziana | Published: 14 April 2014

INDUSTRIALS & ENERGY

Sable pins hope on electricity subsidy renewal

Operations at ammonium nitrate producer Sable Chemicals hang in the balance as the Government is yet to renew a power subsidy agreement that it entered with the company to enable it sustain production...

By New Ziana | Published: 14 April 2014

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