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TELECOMS & TECHNOLOGY

Econet, Telecel mobiles still not connecting

With just two days to go before Zimbabwe's crucial elections, the country’s two major mobile service providers have still not resolved a standoff over licensing. that has left millions of their cu...

By Staff reporter | Published: 30 July 2013

POLITICS

Economists say Mugabe win disastrous

With less than 24 hours left for Zimbabweans to vote in a make-or-break election, economists say the country's economy will decelerate further if President Mugabe wins. Christopher Mugaga, an independ...

By Staff reporter | Published: 30 July 2013

INDUSTRIALS & ENERGY

Astra deal awaits CTC nod

Astra Industries is awaiting approval from the Competition and Tariff Commission following the acquisition of a controlling stake in the company previously owned by the Reserve Bank. Astra yesterday a...

By Business reporter | Published: 30 July 2013

BUSINESS NEWS

Maize producer price increased

THE Grain Marketing Board (GMB) has increased the maize producer price to $378,68 per metric tonne up from last season's $295 in a bid to persuade reluctant maize farmers to deliver the crop to the pa...

By Business reporter | Published: 30 July 2013

INDUSTRIALS & ENERGY

'No retrenchment at Cairns'

Cairns Holdings judicial manager Reggie Saruchera says none of the potential investors who submitted bids to acquire the Reserve Bank's stake in the company had indicated plans to lay off workers. Thi...

By Business reporter | Published: 30 July 2013

INDUSTRIALS & ENERGY

Zimpapers to commission new printing press

Zimbabwe Newspapers will next month commission a US$2,2 million highly digitalised and efficient printing press, chief executive Justin Mutasa has said. Technicians from TPH, an Indian firm, have fini...

By Staff reporter | Published: 30 July 2013

AFRICA BUSINESS

Air Botswana buys faulty planes

Two brand new aircrafts acquired by Air Botswana in 2009 for close to P280 million have been singled out as unfit for purpose, a parliamentary committee has reported. The committee on statutory bodies...

By Business reporter | Published: 30 July 2013

EUROPE

Deals fail to lift US stocks

NEW YORK - Deal news was responsible for the two biggest movers on the S&P 500 on Monday, as advertising company Interpublic Group led the benchmark index on news of an industry merger, and Perrig...

By FT | Published: 30 July 2013

TELECOMS & TECHNOLOGY

Celsys completes discussions for the acquisition of Blueberry

Celsys said discussions with a local investment group led by Mr Lovemore Chihota regarding the offer for the acquisition of all the assets of its Blueberry International subsidiary had since been comp...

By Business reporter | Published: 30 July 2013

TELECOMS & TECHNOLOGY

Cambria cancels Celsys offer

ALTERNATIVE Investment Market-listed Cambria Africa Plc has withdrawn its offer to Celsys Limited minority shareholders in what also effectively puts off its plans to list on the Zimbabwe Stock Exchan...

By Staff reporter | Published: 30 July 2013

INDUSTRIALS & ENERGY

New board for Astra Industries

COMMERCIAL lawyer Mr Addington Chinake has been appointed chairman of Astra Industries following the acquisition of the company's 63 percent by a local firm, Hemistar Investments.Former chairman Dr Ch...

By Business Reporter | Published: 30 July 2013

TRANSPORT & TOURISM

Air Zimbabwe unveils Joburg-Vic Falls route

Air Zimbabwe has added another new route to ferry passengers between Johannesburg and the resort town of Victoria Falls. Initially the flights will be offered twice a week on Fridays and Sundays with...

By Business reporter | Published: 30 July 2013

ZSE TODAY

Industrials extends gains in pre-election trades

ZSE's Industrials extended their gains to another uncharted territory on Monday in pre-election trading with just a day to go before the 2013 harmonised elections.The Industrials Index gained 1.39 poi...

By Business reporter | Published: 29 July 2013

TRANSPORT & TOURISM

DHL increases Zimbabwe flights

GERMANY-HEADQUARTERED logistics company DHL International will this week increase the number of flights to Zimbabwe from three to five due to an increase in the volumes of business in the country, an ...

By Business Reporter | Published: 29 July 2013

INDUSTRIALS & ENERGY

Kansai invests in Zimbabwe

African paint manufacturer, Kansai Paint, has partnered with the management and staff of Zimbabwean group Astra Industries to buy a 63.25 percent interest in the company from the Finance Trust of Zim...

By Business reporter | Published: 29 July 2013

TELECOMS & TECHNOLOGY

Potraz engages Econet, Telecel to resolve dispute

The government says it has held discussions with mobile network operators Econet and Telecel to resolve their interconnection dispute through its regulator Postal and Telecommunications Regulatory Au...

By Staff reporter | Published: 27 July 2013

BUSINESS NEWS

Ethanol production resumes

Production of ethanol has resumed at Chisumbanje plant after Green Fuel Private Limited agreed to form a joint venture with the government.The joint venture is on a 51/49 percent basis and conforms to...

By Staff reporter | Published: 27 July 2013

ZIMBABWE

ZSE ranked 4th in Africa on weekly turnover

The Zimbabwe Stock Exchange (ZSE) is now ranked fourth in Africa in terms of weekly turnover due to a rebound in trading conditions.A report released by the African Association of Stock Exchanges show...

By Staff reporter | Published: 27 July 2013

CONSTRUCTION & PROPERTY

Zim economic sentiment set stage for SA Property Companies

Zimbabwe's economic growth for 2013 has seen a slight improvement from last year, offering scores of opportunities to South African based property companies.The rapid Gross Domestic Product growth and...

By SA Commercial Prop News | Published: 26 July 2013

ZSE TODAY

Industrials rises back into record territory

ZSE's Industrials marched back into record territory on Friday as buyers resurfaced in blue chip Delta and a few selected counters ahead of elections next Wednesday.The Industrials Index added 3.08 p...

By Business reporter | Published: 26 July 2013

INDUSTRIALS & ENERGY

CFI shareholders approve the sale of 49% stake in Victoria Foods

CFI Holdings shareholders approved the selling of 49% of its shareholding in Victoria Foods to South Africa's Grindrod Trading which is a subsidiary of JSE-listed Grindrod Limited at an EGM held today...

By Business reporter | Published: 26 July 2013

TELECOMS & TECHNOLOGY

Econet cuts off calls to unlicenced Telecel

Telecel Zimbabwe subscribers are encountering problems connecting to the Econet network because the company does not have a valid mobile licence,Econet Wireless Zimbabwe said yesterday. Zimbabwe’s b...

By Business Reporter | Published: 26 July 2013

ZIMBABWE

Swedish firm wins ZSE CSD contract

SWEDISH company CMC Markets has been assigned to set up the Zimbabwe Stock Exchange's Central Securities Depository as the domestic bourse moves in line with global trends of paperless securities trad...

By Business Reporter | Published: 26 July 2013

BUSINESS NEWS

Investors not ditching Zimbabwe

THE political barbs may be flying, but investors are not taking flight ahead of Zimbabwe's crucial presidential and general elections at the end of the month.Since Zimbabwe decided to put its economy ...

By BDlive I Evan Pickworth | Published: 26 July 2013

INDUSTRIALS & ENERGY

Board changes loom at Astra Industries

Board changes are looming at Astra Industries Ltd after the company was taken over by a management consortium and a foreign company, Kansai Plascon, businessdigest revealed.Sources close to the deal s...

By Staff reporter | Published: 26 July 2013

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