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Co-Ash starts work on power plant
Newly-licensed independent power producer Co-Ash Resources has started work on its 1 000-megawatt power plant in Hwange, Matabeleland South Province by embarking on an Environmental Impact Assessment...
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Platinum weighs down trade figures
Zimbabwe’s trade deficit with key trading partners continues to grow after the country’s exports for April declined to $185,9 million from $188,7 million recorded in the prior month, latest Zimstat...
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Chamber of Mines gets first female vice president
Mr MhembereBusiness Reporter Mimosa Mining’s corporate affairs executive Ms Elizabeth Nerwande has broken new ground, having been elected as the first woman to the post of second vice president of the...
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fastjet to launch flights to Vic Falls, Bulawayo
fastjet Zimbabwe intends to establish international routes initially from Harare to Johannesburg and Cape Town in South Africa, Nairobi in Kenya and Lusaka in ZambiaGolden Sibanda Senior Business...
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Chinese investor for Kamativi
Kamativi, a wholly-owned ZMDC subsidiary, ceased operations in 1994 after 58 years of serviceBusiness Reporter STATE-owned Zimbabwe Mining Development Corporation is likely to kick-start a series of...
View ArticleGovernment to host stakeholders meeting
Business Reporter GOVERNMENT is hosting a two-day multi-stakeholder national dialogue on the Post-2015 Development Agenda and the Sustainable Development Goals aimed at building national consensus on...
View ArticleUnderstanding types of bank credit
Sanderson Abel The availability of credit is important in every economy since households and firms may not be in a position to generate enough resources on their own. Financial institutions, especially...
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Delisted Astra Industries ‘recovering’
Recently delisted Astra Industries is currently trailing behind ‘aggressive forecasts’ but slightly better than the comparable year ago period.Managing director Mac Mazimbe told last week’s annual...
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Tongaat to increase indigenous suppliers
Tongaat’s Zimbabwe operations contributed the most to the group’s operating profits at $35 million up from $33 million the prior yearBusiness Reporter Sugar cane producer Tongaat Hullet is aiming for a...
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NetOne to launch 5G service
Conrad Mwanawashe Business Reporter MOBILE network provider, NetOne will launch the Fifth Generation network once its technology partner Huawei has completed research and development into the...
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Telecel hopes for fair conclusion
Troubled mobile telecommunications firm, Telecel Zimbabwe said yesterday it expects Government to resolve its licence issue “in a fair and transparent manner”.Zimbabwe’s telecommunications regulator,...
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VAT makes Zim expensive
The new VAT on hotel accommodation for non-residents has made accommodation bookings by foreigners unviableBusiness Reporter ZIMBABWE’s tourism products already cost 35 percent more than similar...
View ArticleExport Promotion Strategies: Lesson from El Salvador
Dr Gift Mugano Zimbabwe’s trade deficit continues to soar with indication that the trend will not reverse any time soon. The big question is how can we reserve this trend?There are a number of...
View ArticleResigning with class
Are you preparing to resign from your current job? Some job-seekers have a hard time doing so, either because they love the job and their co-workers or because they can’t stand the job and can’t wait...
View ArticleZOL Restaurant Week: The 7th edition
What is the history behind ZOL Restaurant Week (ZRW)? Formerly Harare Restaurant Week, it began in May 2012 and was considered the first “restaurant week” in Zimbabwe.Prices were set at $15, $20 and...
View Article‘ZIA another stop centre’
Golden Sibanda Senior Business Reporter THE envisaged Zimbabwe Investment Authority’s one-stop-shop centre remains largely a pipe dream and inconsequential tool for catalysing investment into the...
View ArticleMakomo signs $1,8bn agreements
Business Reporter SOUTHERN Energy, a partner of Makomo Resources, has signed agreements worth about $1,8 billion with investors to finance construction of a 660 megawatt plant in Hwange, where the...
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AU pushes for continental FTA
Minister BimhaHappiness Zengeni and Conrad Mwanawashe Africa is poised for increased intra-continental trade as the African Union, which is chaired by President Mugabe, is pushing for the Continental...
View Article‘Policy changes good for mining sector’
Structural and policy changes being introduced in the mining sector in Zimbabwe will likely spur it to rebound strongly in the medium term, the African Development Bank has said.Some of the changes...
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Unrealistic wage expectations hinder economy
Mr NkalaBusiness Editor While Zimbabwe continues to benefit from negative inflation, unrealistic wage expectations continue to hinder the nation’s economy, FBC Holdings chairman Herbert Nkala said at...
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