INDUSTRIALS & ENERGY

Total Zimbabwe begins T-Air stations rollout

Total Zimbabwe, one of the leading energy supply company in Zimbabwe, has launched the new T-Air station model in Harare.The new T-Air station, the first of its kind in Zimbabwe, has been initially la...

By Staff reporter | Published: 14 April 2014

INDUSTRIALS & ENERGY

Chemco shareholders approve debt-to-equity swap

ZSE-listed agro-industrial concern Chemco's shareholders have approved a debt-to-equity swap with parent company TSL Holdings.In a notice to shareholders today, the company said TSL will compulsorily ...

By Staff reporter | Published: 14 April 2014

LANDS & AGRICULTURE

Tobacco sales to date up 1,3%

The value of tobacco sold so far has risen 1,3 percent to $215 million from $212 million in the parallel period last year.According to latest figures from the Tobacco Industry Marketing Board (TIMB), ...

By Staff reporter | Published: 14 April 2014

TELECOMS & TECHNOLOGY

Econet seeks EcoLife partner

Zimbabwe's largest wireless network operator Econet seeks a local partner to resume its mobile-based insurance service, EcoLife.Its chief executive Douglas Mboweni last week told businessdaily that th...

By Staff reporter | Published: 14 April 2014

MINING & RETAIL

Mugabe blasted over mining licences

CIVIL society organisations have blasted President Robert Mugabe for granting exploration licenses to private mining companies in spite of poor monitoring mechanisms that have resulted in some compani...

By Staff reporter | Published: 14 April 2014

MINING & RETAIL

Zimplats honours $10 million pledge

Zimplats says it has fully paid up the $10 million it pledged to the Mhondoro-Ngezi-Chegutu-Zvimba Community Share Ownership Trust after releasing the last tranche of $1.5 million recently. The last d...

By Staff reporter | Published: 14 April 2014

MINING & RETAIL

Gold buyers ordered to register

FIDELITY Printers and Refiners, a unit of the Reserve Bank of Zimbabwe, has set at deadline of April 31 for all gold buying agents to register with buying centres as the Mines and Mining Development m...

By Staff reporter | Published: 14 April 2014

LANDS & AGRICULTURE

GMB maize intake declines

The Grain Marketing Board (GMB) has recorded a 59 percent decline in maize intake with the total of 47 000 metric tonnes received during the 2013/14 marketing season against a total of 131 000 metric ...

By Staff reporter | Published: 14 April 2014

MINING & RETAIL

'Platinum bloc to benefit Zimbabwe'

South Africa (SA) and Russia's plans to establish a platinum bloc may benefit Zimbabwe, analysts said.They said the Organisation of Petroleum Exporting Countries (Opec)-style unit will uplift local pl...

By Business Live | Published: 14 April 2014

TRANSPORT & TOURISM

Vic Falls Airport expansion on schedule

The Victoria Falls International Airport expansion project is on schedule with the runway now 41 percent done while the terminal building is 23 percent complete.The project is costing $150 million.Civ...

By Patrick Chitumba | Published: 14 April 2014

MINING & RETAIL

Unki Platinum Mine resumes expansion

Anglo America Platinum's Zimbabwe platinum mining arm, Unki Platinum Mine has resumed expansion which was temporarily put on hold last year due to fall of platinum prices on the global market.In an i...

By Tinashe Makichi | Published: 14 April 2014

MINING & RETAIL

Govt to make pronouncement on NewZim Steel in 2 weeks

The Government should make a pronouncement on progress made at NewZim Steel (formerly ZiscoSteel) in the next "two weeks," an official has said.Industry and Commerce Minister Mike Bimha said the long ...

By Staff reporter | Published: 11 April 2014

TELECOMS & TECHNOLOGY

'Telecel Go removes boundaries'

Telecel has launched a new pre-paid service platform called Telecel Go, which removes the boundaries between networks and reduces the cost of calls across all networks significantly below the regulato...

By Consultants I Mike Hamilton | Published: 11 April 2014

TELECOMS & TECHNOLOGY

Econet won't come back into Zim football

Zimbabwe's largest mobile telecommunication company, Econet Wireless Zimbabwe Limited (Econet), has maintained it will not return to sponsor football in the near future due to "other pressing national...

By Staff reporter | Published: 11 April 2014

MINING & RETAIL

Mbada Diamonds boss quits

THE Chief Executive Officer of Mbada Diamonds, Patience Khumalo, has resigned from the company, she confirmed last night.Khumalo, speaking exclusively to Business Chronicle, said: "I was the first emp...

By Mernat Mafirakurewa | Published: 11 April 2014

INDUSTRIALS & ENERGY

Domino's Pizza heads for Zimbabwe

One of the leading global pizza brands, Domino's, will soon be available in the country after South Africa-based Taste Holdings signed a 30-year master franchise agreement with Domino's Pizza Internat...

By Mernat Mafirakurewa | Published: 11 April 2014

TELECOMS & TECHNOLOGY

EcoCash transfers exceed $4 billion

Econet Wireless' mobile money transfer service EcoCash has handled over $4 billion since inception in 2011.Group chief executive Mr Douglas Mboweni told Parliamentarians during a familiarisation tour ...

By Golden Sibanda | Published: 11 April 2014

FINANCIAL SERVICES

EcoCash pushes Steward Bank deposits by $20m

ECONET Wireless Zimbabwe's electronic banking product, EcoCash Save, has bolstered the deposit base of its commercial banking sibling, Steward Bank, a senior executive said. Steward Bank chief executi...

By Staff reporter | Published: 10 April 2014

INDUSTRIALS & ENERGY

Coca Cola invests $100m in Zimbabwe

The world's largest beverages firm, Coca Cola, has injected in excess of $100 million into Zimbabwe over the past three years, The Financial Gazette reported.Coca Cola's business in Zimbabwe comprises...

By Staff reporter | Published: 10 April 2014

TELECOMS & TECHNOLOGY

Telecel network coverage increase to 85%

TELECEL Zimbabwe network coverage has increased by 35 percentage points to 85 percent since Zimbabwe's economy was dollarised in 2009. According to Telecel, which has invested over $50 million into ne...

By Paul Nyakazeya | Published: 10 April 2014

MINING & RETAIL

Vumbachikwe Mine reopens

VUMBACHIKWE Gold Mine in Gwanda has resumed operations after it was temporarily shut down last month following failure to adhere to an order from the Environmental Management Agency (EMA) to protect t...

By Staff reporter | Published: 10 April 2014

INDUSTRIALS & ENERGY

'Colcom profits to double'

Innscor Africa's meat processor Colcom is tipped to more than double its year to June 2014 profits to $4,8 million on the back of refurbishments and an expansion programme, analysts projected.Colcom r...

By Business Live | Published: 10 April 2014

FINANCIAL SERVICES

AfrAsia Bank Zimbabwe MD resigns

AfrAsia Bank Zimbabwe (AfrAsia)'s managing director Tineyi Mawocha has resigned.His resignation, under yet unclear circumstances, is barely three months after his appointment.Sekai Chitemerere, AfrAsi...

By Business Live | Published: 10 April 2014

TELECOMS & TECHNOLOGY

Zim allocates LTE spectrum for operators

Spectrum has been allocated to Zimbabwean telecom companies that want to run LTE enabled broadband networks, the local regulator has confirmed.This move by the Posts and Telecommunications Regulatory ...

By ITWeb Africa | Published: 10 April 2014

TELECOMS & TECHNOLOGY

Econet contributes $900m to economy since 2009

Econet Wireless has contributed a cumulative $900 million to the local economy, an official has said.Speaking during the tour of Econet's premises in Graniteside and Willowvale by Parliamentarians th...

By Staff reporter | Published: 11 April 2014

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