FINANCIAL SERVICES

Banks set to cut transaction costs

The cost of mobile and internet-based financial services is set for a significant drop after Government directed that the charge for Unstructured Supplementary Service Data (USSD), the technology plat...

By Staff reporter | Published: 21 June 2018

INDUSTRIALS & ENERGY

Ban scrap metal exports

LOCAL steel manufacturers have called for a temporary freeze on the export of scrap metal until domestic demand is satisfied, as they seek to meet local steel product requirements.The pledge comes at ...

By Staff reporter | Published: 21 June 2018

MINING & RETAIL

Mnangagwa reopens Eureka Gold Mine

Zimbabwe and the people of Guruve, in particular, will soon benefit from the re-opening of Eureka gold mine near Guruve Growth Point.The gold mine has been resuscitated by Delta Gold Zimbabwe, which h...

By Staff reporter | Published: 20 June 2018

FINANCIAL SERVICES

Bank card cloning scams hit Zimbabwe

Zimbabwe has been hit by a wave of sophisticated card cloning syndicates, which has seen retailers and individuals lose huge sums of money.Confederation of Zimbabwe Retailers (CZR) president Denford M...

By Staff reporter | Published: 20 June 2018

TELECOMS & TECHNOLOGY

FlyAfrica suspended

Budget airline FlyAfrica Zimbabwe (FlyAfrica) has grounded its fleet to facilitate recertification after the Civil Aviation Authority of Zimbabwe (Caaz) suspended its operator's certificate.Last week,...

By Staff reporter | Published: 20 June 2018

TRANSPORT & TOURISM

Zim National Tourism Strategy takes shape

The strategic plan for the Ministry of Tourism and Hospitality Industry, along with its integrated performance agreement and departmental integrated performance agreements have been given until Monday...

By Staff reporter | Published: 20 June 2018

TRANSPORT & TOURISM

Tourism leads brand Zimbabwe campaign

At a local upmarket hotel, guests emerge with T-shirts emblazoned Zimbabwe is open for business. This is the new mantra adopted by President Emmerson Mnangagwa's administration to lure investors after...

By Staff reporter | Published: 20 June 2018

TELECOMS & TECHNOLOGY

Telecel launch on-net voice bundles

Telecel Zimbabwe has announced the launch of on-net voice bundles that will see subscribers getting up to 2 500 minutes talk-time coupled with longer validity periods of up to one month.Telecel's on-n...

By Staff reporter | Published: 20 June 2018

TELECOMS & TECHNOLOGY

Zim to expand broadband network investment

The government is targeting to expand investments in the broadband networks by ensuring that more fibre optic cables are laid to connect all towns and districts across the country.The plan is being ma...

By Staff reporter | Published: 20 June 2018

TELECOMS & TECHNOLOGY

Zimbabwe slashes mobile data costs significantly

Mobile data tariffs in Zimbabwe have fallen from 12.5 cents to 5 cents per MB, with the internet expected to play a key role ahead of harmonised elections slated for July 30 this year.The Posts and Te...

By Staff reporter | Published: 20 June 2018

INDUSTRIALS & ENERGY

Mazoe bow to consumer pressure

THE Coca-Cola Company and Schweppes Zimbabwe Limited have bowed to consumer pressure announcing on Wednesday that they will soon "return" the original Mazoe recipes for all flavours."We have listened ...

By Staff reporter | Published: 20 June 2018

FINANCIAL SERVICES

Ecobank rolls out $150m letter of credit lines

Ecobank Zimbabwe has rolled out over $150 million worth of letters of credit lines into the Zimbabwean market in the last eight months as the bank moves to support the economy.Ecobank Zimbabwe board c...

By Staff reporter | Published: 20 June 2018

MINING & RETAIL

Govt fuels gold sector chaos

Government is fuelling corruption tendencies in the gold mining sector by failing to give miners the value of their product, Finance and Economic Development deputy minister Terence Mukupe has said.Gi...

By Staff reporter | Published: 20 June 2018

TRANSPORT & TOURISM

fastjet increases flights on Harare-Vic Falls route

Low-cost carrier, fastjet will add two flights between Harare and Victoria Falls next month amid growing demand for the service.The additional flights will see the airline serving the route with twice...

By Staff reporter | Published: 20 June 2018

INDUSTRIALS & ENERGY

Zamco pledges Merlin bailout

THE Zimbabwe Asset Management Corporation (Zamco) is in talks with Merlin Limited shareholders over a possible bailout that will assist the company to acquire new equipment to operationalise its new b...

By Staff reporter | Published: 20 June 2018

BUSINESS NEWS

POS machines population rises

Zimbabwe's point-of-sale (POS) machine population increased by 18,3 percent in the first quarter of the year to 70 960. For the same period, there was also a marginal increase in the country's number ...

By Staff reporter | Published: 20 June 2018

FINANCIAL SERVICES

Ecobank to source more funds for critical imports

ECOBANK Zimbabwe, a unit of Togo-based Ecobank Transnational Inc, is arranging a $45 million line of credit to fund importation of critical raw materials, an official has said. Zimbabwe is grappling w...

By Staff reporter | Published: 20 June 2018

MINING & RETAIL

Small miners seek partnerships

Small scale gold miners say they are keen to partner big miners and benefit from technology transfer as part of their capacity building programme to improve mining systems.The bond between the big min...

By Staff reporter | Published: 19 June 2018

INDUSTRIALS & ENERGY

Elon Musk accuses Tesla worker of sabotage

Tesla chief executive Elon Musk has accused an employee of carrying out "extensive and damaging sabotage" at the electric carmaker.In an email to staff, Mr Musk said an unnamed employee made unspecifi...

By BBc | Published: 19 June 2018

TRANSPORT & TOURISM

RTG posts 16% revenue growth

RAINBOW Tourism Group Limited has posted a 16 percent growth in revenue to $11,1 million from $9,6 million in the first five months of 2018, spurred by notable recovery in operations following a succe...

By Staff reporter | Published: 19 June 2018

MINING & RETAIL

$300m gold trade on black market

AN estimated eight tonnes of gold deals worth close to $300 million are conducted in the informal market with the precious mineral being smuggled to mainly neighbouring South Africa, a senior governme...

By Staff reporter | Published: 19 June 2018

INDUSTRIALS & ENERGY

Schweppes responds to Mazoe consumer backlash

SCHWEPPES Zimbabwe Limited and Coca-Cola Zimbabwe have allayed fears the ingredients they use to produce beverages are a health hazard.Schweppes Zimbabwe has recently faced consumer backlash following...

By Staff reporter | Published: 19 June 2018

MINING & RETAIL

Zimbabwe spurs PPC's profits

PPC's profit rose due to strong performance in Zimbabwe and Rwanda. Its gross profit rose by 3% year-on-year to US$174m in the financial year that ended on 31 March 2018 from US$169m in the same perio...

By Staff reporter | Published: 18 June 2018

FINANCIAL SERVICES

Motorist sues Old Mutual

A BULAWAYO motorist has taken Old Mutual insurance company, to court for allegedly refusing to pay $30 000 indemnity compensation after his insured car was destroyed by fire last year. Kennedy Senzai,...

By Staff reporter | Published: 18 June 2018

LANDS & AGRICULTURE

Coffee production plummets

ZIMBABWE's coffee production has declined by 16% to 430 tonnes in the 2017/18 season mainly due to price volatility and high costs of production, an official has said. In the previous season, producti...

By Staff reporter | Published: 18 June 2018
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