PAM needs $4m for mining project
Business Reporter Premier African Minerals requires about $4 million to start developing open pit mining and processing operations at its RHA Tungsten project 20 kilometres South East of Hwange. PAM...
View ArticleAre you closing business?
Shelter Chieza Change Management A lot of justifications can be proffered on why many people do not like to discuss the possibility of their company’s bankruptcy or insolvency or processes related to...
View ArticleNSE in talks with mobile phone companies
Lagos. – The Nigerian Stock Exchange said it’s making headway in persuading the four mobile-phone companies in Africa’s largest economy to sell their shares. “The stance has moved from them not wanting...
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National Foods sets aside $1,4m for wheat
Business Reporter AGRO processing concern, National Foods has set aside $1,4 million to support wheat farming for the 2014 wheat growing season following up on the $2,5 million ploughed into A2 farmers...
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Danish minister to visit Zimbabwe
Mogens JensenBusiness Reporter THE Danish Minister of Trade and Development Cooperation, Mr Mogens Jensen will visit Zimbabwe for high level meetings next week as steps towards normalisation of...
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120MW solar plant on cards
Business Reporter Local solar power producer Solar Shack plans to construct a solar power plant with capacity to produce 120 megawatts at Chaka Hills Farm in Marondera. Solar Shack provides solutions...
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Trust Bank placed under liquidation
Business Reporter TRUST Holdings’ banking subsidiary, Trust Bank, has been placed under provisional liquidation after shareholders withdrew court papers opposing liquidation of the bank. This comes...
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‘Policy reforms key to economic turnaround’
Domenico FanizzaBusiness Reporter Government should heed policy reform recommendations by the International Monetary Fund to ensure economic stability, growth and increased revenue to support its huge...
View ArticleHow to save electricity
20% of all the power that is either generated or imported is being used wastefully. The 20% power wastage translates an increase of 300MW, this power is enough to supply electricity power requirements...
View ArticleAvoid defaulting on your loan?
Sanderson Abel Economic conditions in a country determine, the quality of clients that banks will acquire. In stable economies, bank clients are of good quality and a credit culture is well established...
View ArticleYes, the politics is upon us!
My Two Cents Not that there is a dearth of corporate news; at this particular time, politics is much better. The country is currently speculative turf; everyone is now an analyst and everyone claims to...
View ArticleTime Zim opened investments in bio-energy sector
Tinashe Makichi Business Reporter Zimbabwe’s bio-fuels sector is still lagging behind in terms of the word production matrix, where the country and Africa as a whole still have little to contribute. A...
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ZSE prepares for full automation
The Zimbabwe Stock Exchange (ZSE) said on Wednesday it is working on systems to interface the automated trading system (ATS) and the Central Securities Depository (CSD) in preparation for full...
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Poultry production on the decline
The Zimbabwe Poultry Association says this year’s production target of 78 million day old chicks will not be met due to influx of cheap chicken imports. Zimbabwe imports most of its chicken from South...
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Zimra to use garnishee orders as last resort
Business Reporters THE Zimbabwe Revenue Authority will continue to use garnishee orders but only as a last resort to collect outstanding tax obligations and will not stifle business through rigid...
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Delta cuts down Chibuku production
Golden Sibanda Senior Business Reporter Delta Corporation has stopped production of standard Chibuku beer at six breweries across the country, as plant rationalisation continues after the introduction...
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‘Zim key to Old Mutual growth’
Old Mutual Group CEO Julian Roberts assures the audience that OM will not abandon Zimbabwe in a speech at CABS head office, Harare. – (Picture by Davina Jogi)Business Desk Old Mutual Plc chief...
View ArticleFalling deposits add to China economy warning sign
Beijing — Chinese bank deposits dropped following a crackdown on lenders manipulating their numbers and “illicit” means of attracting money, threatening to weigh on credit growth and hinder efforts to...
View ArticleKariba REDD+ removes tonnes of carbon emissions
Jeffrey Gogo Climate Story Under REDD+, monetary compensation is paid for projects that limit greenhouse gas emissions growth in tropical forests. THE Kariba REDD+ project has achieved 5,6 million...
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Zimplats’ profit goes down
Business Reporter Zimplats’ profit for the quarter ended September 2014 went down 41 percent to $29, 4 million from $50 million recorded in the previous quarter to June due to an underperforming...
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