INDUSTRIALS & ENERGY

Van Hoog in potentially explosive EGM

Agri-industrial concern CFI Holdings will next month hold an extraordinary general meeting (EGM) to vote against the disposal table the alleged fraudulent disposal of the Langford Estates land, which ...

By Staff reporter | Published: 10 hours ago

TELECOMS & TECHNOLOGY

NetOne rebrands struggling mobile money platform

State owned mobile telecommunications firm, Net One has rebranded its struggling mobile money platform, OneWallet to OneMoney amid hopes that it will perform better.Having earlier announced that it wo...

By Agencies | Published: 10 hours ago

INDUSTRIALS & ENERGY

'Drugs price increase unjustified'

The association of Healthcare  Funders of Zimbabwe (AHFoZ) on Tuesday hit out at pharmacies for the recent arbitrary increase in drug prices by between 30 and 70 percent.Late last month, Zimbabwe...

By Agencies | Published: 10 hours ago

MINING & RETAIL

Vast Resources registers record output in Q3

AIM-listed Vast Resources registered a record output for the third quarter ended September 30, spurred by increased output at its two operations in Romania and Zimbabwe."Q3 2017 was a record quarter f...

By Staff reporter | Published: 16 hours ago

INDUSTRIALS & ENERGY

Forex shortage cripples Swivel's operations

SWIVEL Fencing Company in Bulawayo is facing closure as a result of failure to do international transfers and shortage of foreign currency to buy critical raw materials.The company manufactures differ...

By Staff reporter | Published: 16 hours ago

MINING & RETAIL

Artisanal miners being duped, losing $16 per gram

Fidelity Printers and Refiners (FPR) said on Monday artisanal miners, who are contributing significantly to the country's gold production, were being duped by middle-men who are buying the yellow meta...

By Agencies | Published: 16 October 2017

TELECOMS & TECHNOLOGY

Vice Media, Econet announced new venture

Vice Media and Econet, the African telecom and Pay-TV operator, announced a new joint venture, Kwesé Vice, to launch Vice into Sub-Saharan Africa. This announcement came after the launch of Viceland ...

By Staff reporter | Published: 16 October 2017

FINANCIAL SERVICES

Discovery granted a banking licence

The Registrar of Banks has granted Discovery a banking licence, the JSE-listed company said in a statement on Monday.This follows the decision by the Registrar of Banks in October 2016 to give Discove...

By Staff reporter | Published: 16 October 2017

TRANSPORT & TOURISM

RTG in $1 million facelift

The Rainbow Tourism Group (RTG) in which Government has the biggest stake of 36,14 percent through the National Social Security Authority (NSSA) has invested US$900 000 in the refurbishment of its hot...

By Staff reporter | Published: 16 October 2017

FINANCIAL SERVICES

FMB completes acquisition of Barclays

MALAWI Stock Exchange listed FMB Capital Holdings has completed the acquisition of a majority stake in Barclays Bank Zimbabwe after receiving approvals for all regulatory requirements. This gives FMBC...

By Staff reporter | Published: 16 October 2017

Aspen Pharmacare under UK anti-trust investigation

Britain's competition regulator has launched an investigation into Africa's biggest generic drug maker Aspen Pharmacare over alleged anticompetitive conduct in the supply of blood pressure and arthrit...

By Reuters | Published: 16 October 2017

MINING & RETAIL

Zimplats engages local suppliers

Platinum miner, Zimplats is empowering emerging businesses in Mashonaland West Province through engaging them to offer services and products. Currently about 72 percent of all their required materials...

By Staff reporter | Published: 16 October 2017

INDUSTRIALS & ENERGY

National Foods ready for food fortification

NATIONAL Foods is ready to adopt and roll out government's food fortification initiative as soon as it gets the nod from relevant authorities, a top company official has said.Speaking on the sidelines...

By Staff reporter | Published: 16 October 2017

INDUSTRIALS & ENERGY

Afdis seeks share option scheme approval

AFRICAN Distillers Limited (Afdis) is seeking shareholder approval for an employee share option scheme of four million shares meant to incentivise and retain employees.In a notice of the annual genera...

By Staff reporter | Published: 16 October 2017

INDUSTRIALS & ENERGY

Delta lager volumes recover

DELTA Corporation lager volumes continued to show recovery for the second consecutive quarter spurred largely by improved disposable incomes in the agriculture and small scale mining sectors. In a tra...

By Staff reporter | Published: 15 October 2017

TELECOMS & TECHNOLOGY

Liquid Zim customers tour company operation

Liquid Telecom Zimbabwe took customers on a tour of its facilities, as it commemorated the customer service and support week.The Customer Service Week ran from October 2 to 6 under the theme, Building...

By Staff reporter | Published: 15 October 2017

FINANCIAL SERVICES

Barclays deal sealed

British lender Barclays Plc on Thursday sealed disposal of its local unit to Malawi's FMB Capital Holdings (FMBCH).Barclays Bank of Zimbabwe (BBZ) said completion of this transaction follows complianc...

By Staff reporter | Published: 15 October 2017

TRANSPORT & TOURISM

NRZ moves over 1,9m tonnes freight

THE National Railways of Zimbabwe (NRZ) has moved more than 1,9 million tonnes of freight in the first eight months of the year, against its yearly target of 3,5 million tonnes, an official has said.N...

By Staff reporter | Published: 15 October 2017

MINING & RETAIL

Probe into Zimbabwe missing $15 billion still on

GOVERNMENT is still pursuing investigations into the suspected leakage of $15 billion from Chiadzwa diamond fields in Manicaland, Mines and Minerals Development Minister Walter Chidhakwa said yesterda...

By Staff reporter | Published: 06 October 2017

LANDS & AGRICULTURE

Zim strikes forex deal to import agric chemicals

Government has struck a deal with chemical companies through which they will be able to access foreign currency to import agricultural chemicals that will be sold at subsidised prices, Vice President ...

By Staff reporter | Published: 06 October 2017

TELECOMS & TECHNOLOGY

BAZ seeks another order to bar Kwese TV

THE Broadcasting Authority of Zimbabwe (BAZ) this week approached the High Court again seeking to bar Kwese TV from broadcasting.Kwese TV received a major boost last week after Dr Dish's application s...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Mineral exports up 25% in 9 months

ZIMBABWE's mineral export earnings increased by 25,1% to $1,692 billion as at September 15, 2017, buoyed by the increase in all minerals production across the board, Mines and Mining Development minis...

By Staff reporter | Published: 06 October 2017

TRANSPORT & TOURISM

fastjet seeks licence for Harare-Bulawayo route

Fastjet Zimbabwe plans to apply for a license to service the Harare-Bulawayo route although fears abound Government could be playing lip service to its open skies policy to protect State owned carrier...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Mining exports hit $1.6 billion

Zimbabwe has realised $1.6 billion from cumulative mining exports spurred by a 25 percent increase in production as at mid September 2017, compared to the same period last year. Mines and Mining Devel...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Caledonia in Q3 record gold production

Caledonia Mining Corporation recorded a massive increase in gold production of 14,389 ounces for the third quarter to September 30, 2017, a 15 percent increase from the second quarter. This was a reco...

By Staff reporter | Published: 06 October 2017
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