Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and ca...

By Staff reporter | Published: 02 June 2022

FINANCIAL SERVICES

Zimbabwe's interbank market needs refinement

Local Industries claim they are yet to realise the benefits of the recently introduced interbank foreign currency market, as they continue to struggle accessing hard currency. The interbank market was...

By Staff reporter | Published: 04 October 2019

MINING & RETAIL

Kamativi starts work on refinery plant

Kamativi Tailings Company says it will commence civil works at its plant site in Matabeleland North after the company concluded a $9,5 million offtake arrangement with a Swiss-based commodity trader, ...

By Staff reporter | Published: 30 January 2019

INDUSTRIALS & ENERGY

United Refineries gets export permit

ONE of the country's leading cooking oil and soap manufacturers, United Refineries Limited (URL) will resume cooking oil exports to Namibia soon as it forges ahead to grow its foreign currency coffers...

By Staff reporter | Published: 30 December 2018

POLITICS

Mthuli Nube's hefty traffic fines start

Errant and negligent motorists who flagrantly disregard road rules will have to contend with hefty traffic penalties when the new standard scale of fines, which prescribe a maximum penalty of $700 and...

By Staff reporter | Published: 30 December 2018

BUSINESS NEWS

Zimbabwe looking at introducing local crude oil refinery

Zimbabwe should seriously consider establishing a local crude oil refinery as a way of cutting the ballooning fuel bill, according to the Zimbabwe Energy Regulatory Authority (Zera).Zimbabwe's fuel co...

By Staff reporter | Published: 23 December 2018

POLITICS

Mugabe is fine, says Mukonori

LAST November was possibly the busiest and most breathtaking moment for Father Fidelis Mukonori, a Roman Catholic cleric whose ties with former President Robert Mugabe are well documented.To see the m...

By Staff reporter | Published: 21 November 2018

BUSINESS NEWS

Zimra to review tax fines

THE Zimbabwe Revenue Authority (Zimra) is considering reviewing downwards interests and penalties on tax defaults amid revelations that a whopping $2 billion was charged in 2017, almost doubling the c...

By Staff reporter | Published: 26 July 2018

POLITICS

MDC Alliance supporter fined over Mnangagwa poster

DEFACING of political campaign posters has increased over the past few weeks as political temperatures hot up ahead of next Monday's do-or-die general elections.Several Zanu PF and MDC Alliance activi...

By Staff reporter | Published: 23 July 2018

POLITICS

Mnangagwa's 'love child' fined for disorderly conduct

A 31-YEAR-OLD Harare man who allegedly stormed into President Emerson Mnangagwa's residence claiming to be his biological son was yesterday fined $20 by magistrate Josephine SandeBrian Chitembeya was ...

By Staff reporter | Published: 12 July 2018

INDUSTRIALS & ENERGY

United Refineries gets ready for listing status

DIVERSIFED agro-processor United Refineries Limited (URL) is repositioning itself in the market on the back of growing business as it moves towards initial public offering grade."The latest thinking i...

By Staff reporter | Published: 10 July 2018

POLITICS

Zanu-PF activist fined for tearing MDC Alliance poster

A ZANU-PF activist was yesterday fined $200 for defacing a campaign poster belonging to MDC Alliance Gweru Urban parliamentary candidate, Brian Dube.Emmanuel Mangena (28) of village 1B, Lahleka in Sil...

By Staff reporter | Published: 03 July 2018

BUSINESS NEWS

United Refineries Limited adopts food fortification

GIANT agro-processor United Refineries Limited (URL) has adopted food fortification as part of its long term business model in keeping with the country's nutrition policy and global trends.Food forti...

By Staff reporter | Published: 28 June 2018

MINING & RETAIL

MPs shoot down plan to revive Empress refinery

PARLIAMENT has recommended that it would be cheaper to build a new lithium processing plant in Zimbabwe than refurbishing an existing refinery in Kadoma.This follows an offer by a local firm to reconf...

By Staff reporter | Published: 22 June 2018

MINING & RETAIL

Mine fined $100 for violating EMA laws

PLUMTREE-Based gold mine, Gertie 15 Mine in Mpoengs, has been fined $100 for illegal possession of 70kg of cyanide, 25kg of gold treating empty carbons and 15kg of lime in violation of the Environment...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

United Refineries to introduce three new products

ONE of the country's leading personal care and value-added agro-products manufacturers, United Refineries Limited (URL) will introduce three new products in the next months.URL chief executive officer...

By Staff reporter | Published: 16 April 2018

POLITICS

Mnangagwa's China visit to define our future

President Emmerson Mnangagwa left Harare for China yesterday and is expected to arrive in Beijing today for a historic four-day State visit to the global economic powerhouse.China is arguably Zimbabwe...

By Staff reporter | Published: 02 April 2018

POLITICS

Cop jailed for theft of $5 000 fines monies

A PLUMTREE police officer was yesterday sentenced to 24 months in prison for stealing more than $5 000 collected as fines at Plumtree Border Post.Aaron Chamunorwa (28) of 23165 Pumula South in Bulaway...

By Staff reporter | Published: 21 March 2018

BUSINESS NEWS

United Refineries adds vegetable juice to range

BULAWAYO giant cooking oil manufacturer, United Refineries Limited (URL), has added vegetable juice manufacturing to its wider product mix as it diversifies operations.The agro-processing firm is reno...

By Staff reporter | Published: 15 March 2018

POLITICS

Chihuri fingered in fake spot fine books scam

WOES continue to mount on retired Police Commissioner-General, Augustine Chihuri, who now faces a possible criminal case of abuse of office and corruption.Former police officer Tafadzwa Gambiza, fired...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Police fines raise $38 million

THE Zimbabwe Republic Police (ZRP) collected $38,28 million in fees and fines in the nine months to September 2017, a revenue statement by the Ministry of Home Affairs and Culture has shown.Police off...

By Staff reporter | Published: 14 December 2017

OPINION

Chinamasa's fine balancing act

ZIMBABWEANS wait with bated breath for Finance Minister Patrick Chinamasa's 2018 National Budget Statement, which he is expected to present this afternoon; outlining macro-economic and fiscal objectiv...

By Clive Mphambela | Published: 07 December 2017

INDUSTRIALS & ENERGY

United Refineries eyes regional markets

UNITED Refineries Limited (URL) has expanded its range as a food and grocery products manufacturer, focusing on servicing local, regional as well as international markets, an official has said.URL chi...

By Staff reporter | Published: 02 October 2017

MINING & RETAIL

Refinery project still a priority in Zim, says Zimplats

Platinum mining giant, Zimplats' $134 million SMC Base Metal Refinery (BMR) refurbishments project remains a priority for the group but continued cash flow constrains arising from depressed metal pric...

By Staff reporter | Published: 18 September 2017

MINING & RETAIL

No site yet to Aussie-Zimbabwe platinum refinery

GOVERNMENT is yet to locate a site for the construction of a $300 million platinum refinery, set to be established under a joint venture arrangement between an Australian partner and the Zimbabwe Mini...

By Staff reporter | Published: 07 September 2017
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