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BUSINESS NEWS

Schweppes starts exports to Zambia

Beverages producer, Schweppes Zimbabwe has begun exports of Mazoe Orange Crush to Zambia to boost foreign currency earnings at a time the country is facing shortage of hard currency, managing director...

By Staff reporter | Published: 20 April 2018

POLITICS

Mugabe takes law into his own hands

FORMER President Robert Mugabe has allegedly taken the law into his own hands and unleashed Gushungo Holdings employees and security personnel to violently eject small-scale gold miners at the dispute...

By Staff reporter | Published: 20 April 2018

INDUSTRIALS & ENERGY

$100 000 macimbi processing plant for Beitbridge

THE African Development Bank has set aside $100 000 to support a mopani worm (macimbi)-processing centre wholly-owned by women in Beitbridge.The International Labour Organisation (ILO) is providing th...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Gumbo slips on plane deal

Transport minister Joram Gumbo says the lawyers who were appointed as directors of Zimbabwe Airways and Zimbabwe Aviation Leasing Company (ZALC) were involved in negotiations with creditors who were t...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Forex shortages weigh down oil expressers

THE cooking oil industry is operating at between 30% and 40% capacity, weighed down by the shortage of foreign currency to import key raw materials, an official has said.Oil Expressers Association of ...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

'Police grabbed army mines Mafia style'

DEFENCE secretary Martin Rushwaya yesterday claimed the Zimbabwe Defence Forces' diamond mining claims in Chiadzwa were grabbed by police in a "Mafia style" after the government ordered all miners to ...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Firms set year-end capacity utilisation target

BULAWAYO industries have set a target of 60 percent capacity utilisation by the end of this year and require $200 000 in foreign currency weekly to fully fund their operations.Confederation of Zimbabw...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Firms set year-end capacity utilisation target

BULAWAYO industries have set a target of 60 percent capacity utilisation by the end of this year and require $200 000 in foreign currency weekly to fully fund their operations.Confederation of Zimbabw...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Mnangagwa calls for sanctions-busting measures

GOVERNMENT will not be distracted by the matter of illegal Western sanctions as it is focusing its energy on reviving the economy, President Mnangagwa has said.The West imposed sanctions on Zimbabwe i...

By Staff reporter | Published: 20 April 2018

FINANCIAL SERVICES

Banks on course to meet RBZ threshold

A MAJORITY of listed banks are on track to achieving the prescribed Reserve Bank of Zimbabwe (RBZ) minimum capital requirement of $100 million by 2020 with some having already surpassed the threshold....

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Nurses' union threatens court action

GOVERNMENT hospitals have started recruiting nurses to replace the striking health workers, who were fired on Tuesday, as the industrial action enters day five today.Vice President General Constantino...

By Staff reporter | Published: 20 April 2018

POLITICS

Mugabe, Mujuru summoned to parliament over diamonds

The Parliamentary Portfolio Committee on Mines and Mining Development yesterday summoned former President Robert Mugabe to appear before it on May 9 to explain a claim he made in February 2016 that th...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

'Cops seize rich gold mine'

THE situation is tense at a gold mine in Inyathi where a person has died after police called to restore order allegedly took over operations.More than 300 illegal panners had allegedly invaded Old Mot...

By Staff reporter | Published: 20 April 2018

Zimbabwe overwhelmed by investment enquiries

Zimbabwe has been overwhelmed by investment enquiries and commitments, prompting Government to expedite the process of setting up a One Stop Investment Centre, a senior official in President Mnangagwa...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Zimbabwe overwhelmed by investment enquiries

Zimbabwe has been overwhelmed by investment enquiries and commitments, prompting Government to expedite the process of setting up a One Stop Investment Centre, a senior official in President Mnangagwa...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

SA company throws weight behind Zim

SOUTH African-headquartered conglomerate, Bigtime Strategic Group, plans to splash about 90 percent of its funds in diverse investments in Zimbabwe, enticed by the positive business climate under the ...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Chinese company to build $7bn tourism city in Zim

Chinese multinational group, Touchroad Holdings Group, is planning to develop a $7 billion tourism city in Zimbabwe as investor interest in Zimbabwe by international tourism players from the Asian eco...

By Staff reporter | Published: 20 April 2018

POLITICS

Unemployed nurses throng hospitals

Unemployed qualified nurses yesterday thronged central hospitals seeking admission into the public health sector after the Health Services Board invited applications on Wednesday. Government on Tuesda...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

'Reward foreign currency earners'

GOVERNMENT says it is important to reward those who earn the country foreign currency by also paying them in foreign currency to ensure that they can continue to enhance production and improve their l...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Dr Zavazava endorsed for top telecoms post

SADC is backing Dr Cosmas Zavazava for the post of International Telecommunication Development Union director of Telecommunication Development Bureau (TDB) in elections set for October this year. Spea...

By Staff reporter | Published: 20 April 2018

SOCCER

Chiyangwa tangled in 'Fifa lie' storm

Former South African Football Association (Safa) presidential nominee Ace Ncobo has revealed that Council of Southern Africa Football Associations (Cosafa) president Phillip Chiyangwa lied about repre...

By Staff reporter | Published: 20 April 2018

INDUSTRIALS & ENERGY

Starafrica converts $46m debt into equity

Sugar producer Starafricacorporation has converted more than $46 million of the company's balance sheet. This was after creditors saw it fit to convert their debt into ordinary shares in the strugglin...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Zimbabwe energy sector gets $1.5bn boost

Government says it has $1.5bn worth of energy projects in the pipeline with huge investments expected from foreign investors in the short term, a government official has said. Zimbabwe has been on a s...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

Zamco rakes in $159m on non-performing loans

Zimbabwe Asset Management Corporation says it has surpassed its target for its first year on Non-Performing Loans resolution with a total $159 million worth of NPL having been fully re-paid as at Marc...

By Staff reporter | Published: 20 April 2018

TELECOMS & TECHNOLOGY

Econet shares up 24.2% in week of frenzied buying

Shares of Econet have shot 24,2 percent in a week of frenzied buying, spurred by expectations of strong full-year earnings. The stock soared to 86 cents on April 17 from 70 cents a week earlier. It ro...

By Econet | Published: 20 April 2018

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