Climate Change Policy expected this month
Conrad Mwanawashe Business Reporter THE final draft of the national Climate Change Policy, which aims to provide the framework for the introduction of climate protection measures, is expected to be...
View ArticleAirline increases Harare-Dar flights
Business Reporter fastjet, the low-cost pan-African airline, has increased the number of flights on its Harare- Dar es Salaam (Tanzania) route, in response to strong passenger demand.The airline will...
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Retailer focuses on consolidating market presence
Tinashe Makichi Business Reporter Local fruit and vegetables retail firm, Food Lovers Market, has now shifted its focus to consolidating its market presence after completing an $8,5 million investment...
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The ‘Water Harvester’ dies, legacy lives on
Mr Zephaniah Phiri MasekoJeffrey Gogo Climate Story MR ZEPHANIAH Phiri Maseko, aka, “The water harvester,” was laid to rest in his rural home in Zvishavane last Thursday, but his pioneering work in...
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Mwana seeks $5,6m for SA diamond mine
mwanaMwana Africa, the parent company for Bindura Nickel Corporation (BNC) and Freda Rebecca Mine, said it is seeking to raise £3,67 million (about $5,6 million) through a rights offer to be used to...
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Brazil to release remaining agric equipment
Happiness Zengeni and Martin Kadzere BRAZIL will soon release the remaining agricultural equipment to Zimbabwe worth $60 million under the More-Food Africa programme, its envoy to the country said last...
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Tetrad creditors seek equity swap
Golden Sibanda Senior Business Reporter TETRAD Investment Bank and TFS Asset Management creditors are working on plans to convert their debt into equity in an effort to avoid liquidation of the bank....
View ArticleBuy Zim engages communities
Vandudzai Zirebwa Buy Zimbabwe Since its inception, Buy Zimbabwe has strived to address imbalances on the local market that gave foreign products preference over local products. According to figures...
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Mobile money transfers decline
Mobile money transfers declined by 7,7 percent to $406 million in the first quarter this year compared to the last quarter of 2014, latest statistics from the Postal and Telecommunications Regulatory...
View ArticleGovt acquires stake in ICT services firm
Business Reporter GOVERNMENT, through its wholly owned enterprise Zarnet, has acquired a controlling 51 percent stake in fellow information communication services provider, Portnet. The acquisition of...
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Zimplats targets 47pc rise in production
Mr MhemberePlatinum producer, Zimplats has said it is targeting a 47 percent increase in production next year at 280 000 ounces from 190 027 ounces achieved in the year ended 30 June 2015. Chief...
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Zim to engage creditors in Lima
Minister ChinamasaConrad Mwanawashe Business Reporter ZIMBABWE is intensifying engagement with global creditors to seek out an accommodation on debt arrears and is targeting key international...
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Govt to set up audit boards for ministries
Government is planning to set up audit committees in all ministries to enhance transparency and ensure that audit findings are implemented. In an interview, Auditor General Mildred Chiri said the...
View ArticleGold steadies
SINGAPORE. – Gold steadied yesterday after a four-day losing streak as the dollar eased, but the metal was not too far from a two-and-a-half-week low as it struggled to find direction amid uncertainty...
View ArticleEasing financing mechanisms for SMEs
Sanderson Abel The concept of scarcity in economics espouses that available resources will never be able to meet the unlimited needs of any society. The situation currently prevailing in the economy...
View ArticleShonhiwa joins Dangote Group
Business Reporter Former Lafarge Zimbabwe chairman Mr Johnathan Shonhiwa has joined the Dangote Group. Mr Shonhiwa, who resigned from the cement manufacturer recently, was chairman for close to two...
View ArticleMwana Africa share price plunges
Business Reporter PAN-AFRICAN commodity miner, Mwana Africa Plc’s share price has plunged almost 54 percent on the Alternative Investment Market since board changes that booted out two Zimbabwean...
View Article‘Ethanol monopoly unhealthy for industry’
The absence of competition in the production of ethanol has created an unhealthy monopoly that has prevented costs of fuel from dropping after blending, a senior Government official has said. Energy...
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TelOne returns to profitability
TelOne bounced to a $480 000 net profit for the year ended June this year from a $7,8 million loss the previous year as the state owned fixed network company charts a new path under the stewardship of...
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Metallon acquires new equipment for Arcturus mine
Mr MekaniBusiness Reporter Metallon Corporation has acquired new equipment for its subsidiary, Arcturus mine in a move expected to turn around operations at the mine, a company official said. Metallon...
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