Ex Mwana chair re-enters fray
MWANA Africa former chairman Mr Mark Wellesley-Wood — who played a material role in the downfall of the Kebble empire including the removal of Roger Kebble from the DRDGold board — has re-entered the...
View ArticleIndaba to audit regional intergration on cards
Business Reporter The Regional Agency for Agricultural Promotion and Advocacy (ReAAPA) in collaboration with Shipping and Freight Agents’ Associations of Zimbabwe and Federation of Clearers and...
View ArticleMining involves many safety, health hazards
Mining is an occupation fraught with many dangers. This is particularly the case where mining operations take place underground, which in some cases may be several kilometres underground. The Wankie...
View ArticleSocial partners revive TNF
After a five-year hiatus the resurrected Tripartite Negotiating Forum yesterday held its first meeting in the capital where it deliberated on pressing economic issues, foremost of which is the massive...
View ArticleAirzim potential partners to be presented to Cabinet
The Ministry of Transport and Infrastructural Development has drawn up a list of potential strategic partners for Air Zimbabwe which is set to be presented to Cabinet. Air Zimbabwe has been making...
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Munyeza disposes of Brainworks stake
Dr MunyezaBusiness Editor Businessman and former chief executive officer of African Sun Dr Shingi Munyeza has sold his stake in Brainworks Capital Management, a private equity investment and advisory...
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Govt to introduce 30 new tollgates by year-end
Tinashe Makichi Business Reporter Government has applied for a $25 million loan facility from two local financial institutions to be used for the acquisition of new equipment for road maintenance this...
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Zim earns bargaining power for diamonds
Minister ChidhakwaGolden Sibanda Senior Business Reporter— GOVERNMENT has gained valuable experience selling its diamonds on international markets and is now better placed to bargain for fair value...
View ArticleIs termination on notice fair?
Matthias Ruziwa H R Issues There has been a lot of talk within the Zimbabwean labour market that several companies have abandoned formal retrenchment procedures, opting instead to simply terminate the...
View ArticleFastjet to lease airplane
Fastjet has signed a letter of intent with ICBC International Leasing Company to lease an A319-131 aircraft as part of its plans to increase its fleet and expand its operations to Zambia and...
View ArticleBank deposits: Bedrock of financial intermediation
Sanderson Abel A bank deposit is a placement of funds in an account with a bank or other financial institution. Bank deposits can be categorised into two types: demand deposits and time deposits....
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NRZ to dispose of foreign assets, recapitalise
Government has hinted at the possibility of disposing foreign assets belonging to the National Railways of Zimbabwe (NRZ), and use the funds to re-capitalise the country’s sole railway company.The...
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Kingdom Bank Africa under final liquidation
Martin Kadzere Senior Business Reporter KINGDOM Bank Africa, a Botswana based entity owned by Nigel Chanakira has been placed under final liquidation after the High Court in that country granted the...
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Local companies should up production: Buy Zimbabwe
Mr Oswell BinhaTinashe Makichi Business Reporter Local lobby group Buy Zimbabwe yesterday said Government should expedite the implementation of policies to support robust local production of goods.Buy...
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Bulk of loans going towards consumption
Total loans in the micro-finance sector increased to $156,99 million in 2014 from $151,83 million in the September quarter with the bulk — 53,30 percent — still going towards consumptive lending.The...
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Makomo scales up coal production
Makomo is set to increase production to between 90 000 and 120 000 tonnes per monthGolden Sibanda Senior Business Reporter MAKOMO Resources, the country’s largest coal producer, is scaling up...
View ArticleLiquid Telecoms raises $150m for expansion
Tinashe Makichi Business Reporter Econet Wireless Global’s subsidiary, Liquid Telecoms has so far covered more than 7 000 kilometres of fibre in Zimbabwe after the company successfully raised $150...
View ArticleMaize-meal imports rile Food and Allied workers
Business Reporters Food and Allied Industry workers have threatened to demonstrate against maize-meal imports if Government fails to immediately put measures to curb them.The workers say the influx of...
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Govt sets up committee to look at debt
Minister ChinamasaBusiness Editor As part of efforts to come up with options on how the country’s arrears with Multilateral Institutions will be cleared, a Quadripartite Committee which comprises of...
View ArticleBuilding a business requires solid foundation
Zach Aldwin Milkshake in the boardroom Often those dreaming of being business owners have this idea that magic will happen and they will end up with an instantly successful company that runs itself and...
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