INDUSTRIALS & ENERGY

Forex earnings boost Afsun H1 as group embarks on major soft refurbishments

Foreign currency earnings, which constituted 45% of revenue, helped African Sun post a 765% increase in the bottom-line for the half year to June 30.  This is in spite of a drop in occupancy leve...

By Staff reporter | Published: 28 September 2019

BUSINESS NEWS

Potraz boosts Govt's e-learning initiative

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) donated 10 computers and 100 backpacks to five schools here on Wednesday to complement Government's e-learning initiative. T...

By Staff reporter | Published: 05 July 2019

BUSINESS NEWS

AfDB boost for Mthuli Ncube

FINANCE and Economic Development Minister Professor Mthuli Ncube has said the African Development Bank (AfDB) board has endorsed Zimbabwe's reform agenda under the Transitional Stabilisation Programme...

By Staff reporter | Published: 12 June 2019

BUSINESS NEWS

Govt gives IDC $30m boost

The government has given the Industrial Development Corporation of Zimbabwe (IDCZ) $30m to kick-start its role as a development financing institution and help local manufacturers, Finance Minister Mth...

By Staff reporter | Published: 26 April 2019

BUSINESS NEWS

Bulawayo industries get $22m investment boost

The Zimbabwe Special Economic Zones Authority (ZIMSEZA) says it has approved $22 million worth of investments for Bulawayo. This comes as government is implementing various measures to revive the coun...

By Fin Gaz | Published: 07 February 2019

TRANSPORT & TOURISM

'17,5% boost in tourist entries'

Zimbabwe recorded a 17,5 percent increase in the number of tourists who entered the country in 2018, the department of Immigration has said.The number of travellers cleared around the country's ports ...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

'Declare Kariba an economic zone to boost tourism'

MASHONALAND West Senator Sikelela Gumpo (Zanu PF) has called on government to declare Kariba a special economic zone, saying the town has the potential to earn foreign currency, as well as open up emp...

By Staff reporter | Published: 01 January 2019

TRANSPORT & TOURISM

ZimParks in bid to boost domestic tourism

THE Zimbabwe Parks and Wildlife Management Authority (Zimparks) is considering a downward review of its service charges for locals in an effort to promote domestic tourism in 2019. Zimparks public rel...

By Staff reporter | Published: 01 January 2019

INDUSTRIALS & ENERGY

Fair valuation boosts Seed Co profit

SEED CO posted a $69,03 million profit after tax for the half-year ended September 30, 2018 following a fair valuation of its subsidiary, Seed Co International Limited.The fair valuation was undertake...

By Staff reporter | Published: 05 December 2018

BUSINESS NEWS

Mthuli Ncube boost for insurance sector

FINANCE Minister Mthuli Ncube says government has reviewed upwards the minimum prescribed asset thresholds for the insurance and pension industry which were introduced in 2010 in order to improve reso...

By Zim Ind | Published: 30 November 2018

MINING & RETAIL

Govt ups efforts to boost gold output

THE Government will soon establish gold centres throughout the country as efforts to increase gold output to 100 tonnes per annum by 2023 gather momentum. This comes in the wake of reports that the co...

By Staff reporter | Published: 17 September 2018

FINANCIAL SERVICES

Interest-bearing activities boost BancAbc revenues

BancABC, the local unit of African Banking Corporation, is among the top banks that are generating the bulk of their revenue from interest-bearing activities, a survey of financial institutions operat...

By Staff reporter | Published: 27 July 2018

MINING & RETAIL

Small-scale miners receive a major boost

At least 90 plus small scale miners are set to benefit through the opening of Bubi Gold Service Centre in Matabeleland NorthZimbabwe Miners' Federation (ZMF) spokesperson, Dosman Mangisi said the sett...

By Staff reporter | Published: 24 July 2018

POLITICS

Chamisa gets poll boost

MDC Alliance presidential candidate Nelson Chamisa received a major boost yesterday when Zipra veterans threw their weight behind his campaign, a few days before the country holds watershed elections....

By Staff reporter | Published: 22 July 2018

TRANSPORT & TOURISM

Peace dividend boosts tourism sector

THE Zimbabwe Tourism Authority (ZTA) says the peaceful environment prevailing in Zimbabwe should continue beyond the election period to consolidate the positive trajectory being experienced in the tou...

By Staff reporter | Published: 16 July 2018

FINANCIAL SERVICES

Zimre conversion to boost revenue growth

Zimre Holdings Limited (ZHL) says conversion of proceeds from sale of Zimre Centre in Harare towards construction of the Victoria Falls Sawanga Mall, will enhance revenue growth for the firm in the fi...

By Staff reporter | Published: 26 June 2018

TELECOMS & TECHNOLOGY

World Cup boosts Kwese iflix service

The Fifa 2018 World Cup tournament has been a boon for the uptake of Kwesé iflix, Econet Media's recently launched video-on-demand service, which offers top sports and entertainment content on mobile...

By Staff reporter | Published: 25 June 2018

POLITICS

Morale booster for Zimbabwe Defence Forces

Officials from a Chinese company met Vice President Constantino Chiwenga yesterday and deliberated on how conditions of service of the Zimbabwe Defence Forces could be improved, particularly in the ar...

By Staff reporter | Published: 20 June 2018

INDUSTRIALS & ENERGY

Boost for explosives production

Sable Chemical Industries is set to start production of ammonium nitrate solution for use in the production of explosives as the country seeks to boost the mining industry. In an address during his to...

By Staff reporter | Published: 08 June 2018

ZIMBABWE

Boost for Zimbabwe infrastructure

Zimbabwe has received a massive infrastructure boost after the country last week became the nineteenth member state of the Africa Finance Corporation (AFC) - the continent's leading infrastructure dev...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

RBZ deal boosts Ariston

AN export incentive scheme unveiled by the central bank two years ago spurred growth of exports at listed agro-industrial firm Ariston Holdings Limited, which yesterday reported a 53 percent rise in r...

By Staff reporter | Published: 24 May 2018

TRANSPORT & TOURISM

UNWTO boosts for Zim tourism

The United Nations World Tourism Organisation (UNWTO) has pledged to back the ongoing identification and enshrinement of Zimbabwe's cultural and historical sites to help revive the tourism sector whic...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

A boost for small-scale miners

The private sector has begun complementing Government's ambitious plan to establish service centres for small-scale gold miners across the country, with a local firm - Small-Scale Mining Supplies - co...

By Staff reporter | Published: 20 May 2018

BUSINESS NEWS

Fuel, booze, airtime boost Zimra excise duty

Fuel, beer and airtime were the largest contributors to excise duty collections for the month of April, as the Zimbabwe Revenue Authority (Zimra) surpassed its overall collection targets for the month...

By Staff reporter | Published: 15 May 2018

BUSINESS NEWS

Govt intensifies drive to boost domestic tourism

GOVERNMENT is engaging tourism players with a possibility of reducing prices of hotel accommodation and activities to be affordable to locals as the drive to promote domestic tourism intensifies.Touri...

By Staff reporter | Published: 08 May 2018
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