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Two diamond firms to remain in Marange

Government has formally informed diamond companies in Marange that only one or two of them will be left to mine, after they failed to properly account for revenue realised from their operations....Read more

Two diamond firms to remain in Marange

24 April 2014 | 909 Views
Government has formally informed diamond companies in Marange that only one or two of them will be left to mine, after they failed to properly account for revenue realised from their operations....

by Staff Reporter

Govt exploring various initiatives to fund ZIM ASSET projects

23 April 2014 | 768 Views
Vice President Joice Mujuru says the government is exploring various initiatives to fund projects under the 5-year ZIM ASSET economic policy crafted to achieve sustainable development on the socio-ec...

by Staff Reporter

Foreign banks in Zim can keep majority stakes, for now

23 April 2014 | 983 Views
Zimbabwe will not take any foreign investment capital as part of its controversial indigenisation policy, the finance minister said TuesdayThe indigenisation law, introduced in 2010 with the a...

by Sapa-AFP

Mujuru fails to turn up for ZITF keynote speech

23 April 2014 | 3397 Views
Vice President Joyce Mujuru failed to turn up at the Zimbabwe International Trade Fair Business Conference where she was scheduled to give a keynote speech today. Her speech was read by seni...

by Staff Reporter

Steward Bank to close 8 branches

23 April 2014 | 2446 Views
Steward Bank intends to close about eight branches across the country, rendering more than 100 employees jobless, as the bank seeks to streamline its costs.The financial institution, currently...

by Tinashe Makichi

ZITF marred by power cuts

22 April 2014 | 1674 Views
The opening day of the Zimbabwe International Trade Fair was marred by erratic power supplies much to the chagrin of exhibitors. It could not be established why there was a series of power cut...

by Staff Reporter

19 countries exhibiting at ZITF

22 April 2014 | 1365 Views
Nineteen countries are exhibiting at this year's Zimbabwe International Trade Fair up from 16 last year.ZITF company general manager Noma Ndlovu said the countries are namely Botswana, Bra...

by Staff Reporter

Telecel donates desks, chairs, balls to Chemondoro School in Murewa

22 April 2014 | 657 Views
Telecel has donated a truckload of desks, chairs and sports equipment to Chemondoro Primary School, which, with more than 2 000 pupils, is the largest primary school in Murewa. The school ...

by MHPR

'Zimbabwe among worst destinations for mining investors'

22 April 2014 | 1379 Views
ZIMBABWE is ranked among the worst countries to invest in particularly in the mining sector, a recent report has shown.A 2014 report by the Poverty Reduction and Economic Management Unit Afri...

by Staff reporter

DHL announces new heads for key Africa regions

22 April 2014 | 1004 Views
CAPE-TOWN, South-Africa, April 22, 2014/ -- DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL (http://www.dpdhl.com), has promote...

by APO

Nepotism scandal rocks Cimas

22 April 2014 | 2989 Views
One of the country's largest medical aid societies, Cimas, has been sucked into a messy nepotism and cronyism scandal. Deputy board chairman Eben Makonese allegedly influenced the appoint...

by Staff reporter

Angola airline to increase Zimbabwe, Luanda direct flights

19 April 2014 | 1745 Views
Angola's national carrier, Linhas Aereas de Angola (Taag), plans to introduce frequent direct flights between Harare and Luanda on the back of increased business between the country and Zimbabwe....

by Staff reporter

Econet targets Beitbridge for 4G LTE

17 April 2014 | 1976 Views
Telecommunications giant Econet Wireless Zimbabwe says its next stop for fourth generation 4GE Long-Term Evolution (LTE) network will be Beatrice.Group chief executive officer Douglas Mboweni ...

by Staff reporter

Iranians abandons Zimbabwe project

16 April 2014 | 4814 Views
Chitungwiza based textile manufacturer, Modzone Enterprises, closed shop in 2012 after its Iranian shareholders stopped investing in the firm as they were not recouping anything from the venture, an o...

by Staff reporter

Air Zimbabwe flies with less than 30 passengers aboard

16 April 2014 | 6329 Views
Air Zimbabwe (AirZim) is struggling to break even on its Harare-Johannesburg-Harare route amid disclosures that one flight on March 29 had less than 30 passengers aboard.The airline was using ...

by Staff reporter

Lack of skills hound Zimbabwe companies

15 April 2014 | 3937 Views
Zimbabwean companies have continued to suffer as a result of the brain drain which saw the most skilled employees leaving the country for greener pastures in the past decade....

by Staff reporter

Largest supermarket in Zimbabwe opens its doors

15 April 2014 | 10253 Views
The largest supermarket in Zimbabwe by size, Horizon Ivato, will be further expanded to include a fresh produce store and have prices of regionally-produced goods slashed to stay relevant in the ...

by Staff reporter

Bulawayo hotels fully booked for ZITF

15 April 2014 | 2468 Views
With about a week to go before the start of the Zimbabwe International Trade Fair, most hotels in Bulawayo are reported to be fully booked for the duration of the annual trade showcase.In an i...

by Staff reporter

Total Zimbabwe begins T-Air stations rollout

14 April 2014 | 5232 Views
Total Zimbabwe, one of the leading energy supply company in Zimbabwe, has launched the new T-Air station model in Harare.The new T-Air station, the first of its kind in Zimbabwe, has been ini...

by Staff reporter

More company closures loom in Zimbabwe

13 April 2014 | 3923 Views
GOVERNMENT's failure to pay suppliers for goods and services rendered will continue to result in more company closures for the next three years, delegates at the Zimbabwe Accountants Conference h...

by Staff reporter

Telecel slashes call tariffs by 37% across all networks

13 April 2014 | 1643 Views
Telecel Zimbabwe has unveiled a pre-paid service platform that will discount call tariffs by as much as 37 percent across all networks.The service, Telecel Go, which significantly reduces call...

by Staff reporter

Chinese take more space at ZITF

13 April 2014 | 1429 Views
China is the largest foreign exhibitor at this year's edition of the Zimbabwe International Trade Fair (ZITF), which is expected to attract more participants compared to previous years. Chinese exhibi...

by Business Reporter

Zesa increasing number of pre-paid electricity token vendors

12 April 2014 | 3057 Views
Zesa Holdings is increasing the number of vendors selling pre-paid electricity tokens from three to eight next month. The power utility will also introduce scratch cards and enable consumers t...

by Staff Reporter

South Korean companies keen to invest in Zimbabwe

12 April 2014 | 2220 Views
South Korean companies are keen to invest in Zimbabwe and strengthen the bilateral relations existing between the two countries, outgoing Seoul ambassador to Harare Mr Kwang-Chul Lew said yesterday. ...

by Staff Reporter

Telecel Go removes boundaries, reduces cost of calls to all networks

11 April 2014 | 4105 Views
Telecel has launched a new pre-paid service platform called Telecel Go, which removes the boundaries between networks and reduces the cost of calls across all networks significantly below the reg...

by MHPR

Domino's Pizza heads for Zimbabwe

11 April 2014 | 3817 Views
One of the leading global pizza brands, Domino's, will soon be available in the country after South Africa-based Taste Holdings signed a 30-year master franchise agreement with Domino's Pizza Interna...

by Mernat Mafirakurewa

Telecel network coverage increase to 85%

10 April 2014 | 2189 Views
TELECEL Zimbabwe network coverage has increased by 35 percentage points to 85 percent since Zimbabwe's economy was dollarised in 2009. According to Telecel, which has invested over $50 million...

by Paul Nyakazeya

Zimbabwe allocates LTE spectrum for operators

10 April 2014 | 2158 Views
Spectrum has been allocated to Zimbabwean telecom companies that want to run LTE enabled broadband networks, the local regulator has confirmed.This move by the Posts and Telecommunications Reg...

by Staff reporter

Econet contributes $900m to economy since 2009

10 April 2014 | 1673 Views
Econet Wireless has contributed a cumulative $900 million to the local economy, an official has said.Speaking during the tour of Econet's premises in Graniteside and Willowvale by Parliamentar...

by Staff reporter

Delta Beverages revenue decline 9%

10 April 2014 | 1684 Views
Delta Beverages recorded a 9% decline for the fourth quarter and nearly flat for the full year attributable to the slowdown in consumer spending and weak economic activity. The total beverage volum...

by Business reporter

Zimbabwe's US coins deal collapses

10 April 2014 | 4728 Views
ZIMBABWE'S plans to import coins from the United States to alleviate the shortage of coins for small denomination change has collapsed, meaning the country will continue to depend on South African ra...

by Staff reporter

TelOne digitalisation moving at a snail's pace

10 April 2014 | 1145 Views
TELONE'S digitalisation of the Gweru Exchange Centre and the rollout of its fibre network is moving at a snail's pace due to failure by customers to settle their bills.The fixed telecommunications op...

by Lovemore Zigara

Westerners launch fresh bid to block sale of Zimbabwe diamonds

10 April 2014 | 2534 Views
WESTERN countries have launched a fresh bid to block the sale of Zimbabwe diamonds using the Organisation for Economic Co-operation and Development, sources close to the Dubai Diamond industry have co...

by Staff Report

Zim to compensate Beitbridge Border Post contractor

09 April 2014 | 2415 Views
Zimbabwe might have to compensate the company which was contracted to transform Beitbridge Border Post into a one-stop entry point in 2010 if Government engages another company to finish the job....

by Staff reporter

Delta renews hostilities with beverage wholesalers

09 April 2014 | 2638 Views
Delta Corporation has renewed hostilities with beverage wholesalers amid allegations that the beverage manufacturer is demanding payment within three days despite holding security from customers. ...

by Business reporter

Econet Wireless not selling MBC

09 April 2014 | 2492 Views
Econet Wireless has reaffirmed its commitment to its investment in Mutare Bottling Company, seeing through the installation of a $17 million new line and factory, which will boost the firm's abili...

by Business reporter

Govt engages Comesa on Bulawayo industry resuscitation

08 April 2014 | 2102 Views
The Common Market for Eastern and Southern Africa (Comesa) has recommended that Government should rejuvenates economic enablers such as electricity, water, infrastructure and coal if Bulawayo is going...

by Staff reporter

Zimbabwe losing millions through the borders daily

08 April 2014 | 3822 Views
The country is facing serious cash leakages which have resulted in millions of dollars passing through the borders into neighbouring countries on a daily basis, an official said.Zimbabwe Reven...

by Staff reporter

'Zimbabwe's banking model archaic'

07 April 2014 | 3544 Views
Central bank deputy governor Kupukile Mlambo says the country's banking system is outdated and called on the sector to embrace new technology.Mlambo castigated the banking model in use as trad...

by Tatenda Macheka

'No need for Zimbabwe to import cement'

07 April 2014 | 3078 Views
THERE is no need for Zimbabwe to import cement from neighbouring countries because local cement producers have the capacity to meet the current demand, an industry official has said. Zimbabwe ...

by Staff reporter

Zim cost of living goes up

07 April 2014 | 3994 Views
THE cost of living as measured by the Consumer Council of Zimbabwe rose marginally last month from the February figure of $559.93 to $561.24. The food basket increased by 1,52 percent or $2,29...

by Business Reporter

Zim fuel consumption more than doubles

07 April 2014 | 2548 Views
Zimbabwe's fuel consumption has more than doubled in the past three years although the country's major industries are sneezing. Figures compiled by the Zimbabwe Energy Regulatory Authority sho...

by Tendai Mugabe

Zim sells 380 000 carats (diamonds) in Dubai

04 April 2014 | 3921 Views
Zimbabwe sold 380 000 carats at the Dubai tender raking in US$29.2 million.All the seven diamond mining companies in Marange participated at the inaugural diamond tender in Dubai, achieving a...

by Staff Reporter

Zimtrade cautions on over-reliance on SA

04 April 2014 | 2155 Views
Zimtrade on Friday warned that over reliance on South Africa as the main trading partner puts the economy at risk and called for local companies to diversify export markets.A study of 50 firm...

by Staff reporter

The African Development Bank On 'Green Growth'

04 April 2014 | 1283 Views
The African Development Bank's new policy acknowledges that to sustain economic growth in Africa, there is an urgent need to preserve and enhance the ecological capital that enriches such growth. ...

by Maxwell Teedzai

CBZ picks new CEO

04 April 2014 | 2505 Views
CBZ Holdings has appointed chartered accountant Never Nyemudzo as group chief executive officer replacing John Mangudya who was recently appointed new Reserve Bank of Zimbabwe (RBZ) governor.&nbs...

by Staff reporter

Econet Wireless under probe

04 April 2014 | 3801 Views
ECONET Wireless Zimbabwe has again attracted the ire of banks after it emerged this week that the mobile telephone company could be engaged in potentially unfair business practices that have attracted...

by Business reporter

Weaker rand to hurt Zim's trade competitiveness

03 April 2014 | 4081 Views
The continued weakening of the South African rand should further erode Zimbabwe's export competitiveness as South Africa is Zimbabwe's major trading partner in the region, and only falls behind Ch...

by Staff reporter

Econet Wireless now offering EcoCash Save Loans

03 April 2014 | 4020 Views
Harare-Econet Wireless is now offering loans on its EcoCash Save platform. The loans have no paperwork involved (except of course what you do on initial registration as an Econet Wireless & E...

by Staff Rep[orter

Telecel sponsors DragPro Racing again

03 April 2014 | 1747 Views
Telecel Zimbabwe is the title sponsor of the 2014 DragPro Racing Series, which begins at Donnybrook on Sunday, the second year in a row it has been the title sponsor. Racing begins at...

by MHPR
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