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BUSINESS NEWS

Bet on Delta Corporation

Demand for Delta Corporation's products is expected to remain firm in the near future, making the company's stock a good bet, a financial advisory firm has said. This was after the Zimbabwe Stock Exch...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

Bad debtor record haunts Zimbabwe

Zimbabwe's bad debtor record is affecting the implementation of mega deals signed with China, industrialist Joseph Kanyekanye says. Zimbabwe has over the past five years inked several multi-million do...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

Surging inflation ravages economy

Zimbabwean business are reeling from a worsening double whammy of runaway inflation and rising input costs, which are threatening to snuff out the country's economic recovery prospects. The recent ala...

By Staff reporter | Published: 5 hours ago

MINING & RETAIL

Premier in debt-equity deal with director

Premier African Minerals says it has converted a $300 000 loan availed by chief executive George Roach into equity. Last week, the company's board agreed to amend terms of the existing loan agreement ...

By Staff reporter | Published: 5 hours ago

TRANSPORT & TOURISM

Africa Albida enjoys 'busiest year ever' as tourists return

Hospitality group Africa Albida Tourism (AAT) says it is enjoying its busiest year ever, with occupancies at its flagship property Victoria Falls Safari Lodge enjoying occupancies of over 80% over the...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

One-stop medical centre opens in Kwekwe

A STATE-OF-THE-ART one-stop medical facility, Westview Medical Centre, has been opened in Kwekwe to offer health services to the town's residents.Westview Medical CentreThe centre, located opposite th...

By Staff reporter | Published: 5 hours ago

ZSE TODAY

Econet share price tanks

ECONET Wireless Zimbabwe Limited's (EWZL) saw a 32,4% dip to its share price to $1,6531 as of the end of yesterday's trading as the market re-evaluated the company due to it unbundling its financial t...

By Staff reporter | Published: 5 hours ago

MINING & RETAIL

RioZim sues RBZ over US$ payments

Resources group, RioZim, has sued the central bank to force it to pay over $92 million it claims is owed dating back to 2016 in a case that highlights the acute dollar shortages blighting the southern...

By Staff reporter | Published: 5 hours ago

SOCCER

Fifa intervenes in the controversial Zifa sham electoral process?

WORLD soccer governing body Fifa flexed its muscle yesterday after intervening in the controversial Zifa electoral process which has seen some of the aspiring candidates including presidential aspiran...

By Staff reporter | Published: 5 hours ago

POLITICS

Kasukuwere trial in false start

FORMER Local Government minister Saviour Kasukuwere, who is facing criminal abuse of office charges for allegedly allocating land to former First Lady Grace Mugabe's sister, Shuvai Gumbochuma, yesterd...

By Staff reporter | Published: 5 hours ago

TRANSPORT & TOURISM

22 investors eye struggling Zupco

LOCAL Government minister July Moyo yesterday told Parliament that 22 investors from local and abroad had expressed interest in struggling State-owned transport operator, Zimbabwe United Passenger Com...

By Staff reporter | Published: 5 hours ago

MINING & RETAIL

2018 mining output up

ZIMBABWE'S mining sector improved production in 2018, with average capacity utilisation going up to 75 percent from 71 percent in 2017, an industry report released this week shows. However, this was i...

By Staff reporter | Published: 5 hours ago

POLITICS

ZPC denies role in Chivayo arrest

THE Zimbabwe Power Company (ZPC) has denied playing any role in causing the arrest and prosecution of Harare businessman and Intratrek Zimbabwe managing director Wicknell Chivayo over allegations of f...

By Staff reporter | Published: 5 hours ago

POLITICS

ZACC, ZRP duplicating roles

POOR coordination between the Zimbabwe Anti-Corruption Commission (ZACC) and the police's anti-graft unit has resulted in duplication of investigations and a waste of State resources, a top ZACC offic...

By Staff reporter | Published: 5 hours ago

LANDS & AGRICULTURE

Agro sector gets 15% salary raise

Workers in the agro sector - those who process agricultural produce - have been awarded a 15 percent wage increase. The National Employment Council for agricultural industry of Zimbabwe chief executiv...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

Ex-NetOne boss off the hook

Former NetOne chief executive Reward Kangai, who is facing 21 counts of criminal abuse of office, was yesterday removed from remand after the State failed to furnish him with a trial date. Kangai's de...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

Govt speaks on fuel situation

Government has attributed the fuel stock-outs witnessed in the last two days at some service stations in Harare to delays in foreign currency allocations. Energy and Power Development Minister Dr Jora...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

NatPharm mulls requesting Health Levy Fund in forex

THE National Pharmaceutical Company (NatPharm) is considering requesting Government to avail the Health Levy Fund (HLF) in foreign currency to make the procurement of medical drugs hassle-free. Speaki...

By Staff reporter | Published: 5 hours ago

POLITICS

Kasukuwere applies for exception

Former Cabinet Minister Saviour Kasukuwere, who is facing four counts of alleged abuse of office, yesterday made an application for exception on all the charges as he believes that he did not act crim...

By Staff reporter | Published: 5 hours ago

TELECOMS & TECHNOLOGY

Kwesé iflix hits 5 million users in Zimbabwe

Media streaming service, Kwesé iflix, now has more than 5 million users in Zimbabwe and continues to grow rapidly, according to Econet Wireless Zimbabwe CEO Mr Douglas Mboweni. He said the platform h...

By Staff reporter | Published: 5 hours ago

MINING & RETAIL

Bikita Minerals to beneficiate lithium

Zimbabwe's sole lithium producer, Bikita Minerals, has set its sights on beneficiating the mineral in a development that is expected to rake in more foreign currency for the country in line with Gover...

By Staff reporter | Published: 5 hours ago

TRANSPORT & TOURISM

'Zim Airways not part of Air Zimbabwe'

Zimbabwe Airways is a completely different and  autonomous entity from Air Zimbabwe and is therefore not part of the reconstruction process, Ministry of Transport of Infrastructure Development Ac...

By Staff reporter | Published: 5 hours ago

BUSINESS NEWS

Mthuli Ncube's chance to shine

ALL eyes are on Finance and Economic Development Minister Professor Mthuli Ncube as he presents his 2019 National Budget proposals in Parliament today, the first in the Second Republic. The Budget com...

By Staff reporter | Published: 5 hours ago

MINING & RETAIL

Lithium project to earn Zimbabwe $3bn

Australia Stock Exchange (ASX) listed Prospect Resources Plc says its Arcadia Lithium project, located 38 kilometres east of Harare, has proven capacity to generate nearly $3 billion in export revenue...

By Staff reporter | Published: 5 hours ago

INDUSTRIALS & ENERGY

Cassava modeled around giant Chinese company Tencent

The vision behind Cassava Smartech is to create a technology company similar to China's Tencent, according to Cassava Group CEO, Mr Darlington Mandivenga.Tencent, one of the largest companies in the w...

By Staff reporter | Published: 22 hours ago
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