Banks pleased with uptake of bond notes

Harare – The Bankers Association of  Zimbabwe (BAZ) says the public has been receptive of bond notes, which  were introduced on Monday, despite initial skepticism.
Posted On 30 Nov 2016

Deka Project cost could rise: ZESA

HARARE –The cost of implementing the Deka Pump Station Upgrade and Pipeline project could increase after the Exim bank of India (EBI) advised that it will carry out an independent assessment of the project.
Posted On 30 Nov 2016

New Competition Commission board appointed

HARARE – Industry and Commerce Minister Mike Bimha on Tuesday appointed a new 10 member board of directors for the Competition and Tariff Commission (CTC).
Posted On 23 Nov 2016

NatFoods ceases running Depot network

HARARE – Listed agro-processing firm Natfoods says it has streamlined its operations by handing over the running of its depot network to Gain Cash and Carry.
Posted On 09 Nov 2016

Freda Rebecca Mine Q2 gold sales up 10 percent

Harare– Asa Resource Group, formerly  Mwana Africa, says gold sales at one of its Zimbabwe operation, Freda  Rebecca Mine increased by 10 percent for the second quarter ended  September 30 this year to 15 904 ounces compared to 14 463
Posted On 08 Nov 2016

OK Zimbabwe posts $2,3m H1 profit

Listed giant retailer OK Zimbabwe posted an after-tax-profit of $2,3 million for the half-year period to September 30, 2016, an 87 percent rise from the $1,2 million recorded in the similar period last year.
Posted On 04 Nov 2016

Industrialisation, beneficiation opens opportunities for joint ventures: President

HARARE – The regional focus on industrialisation, beneficiation and value-addition has created opportunities for Zimbabwean and South African businesses to establish joint ventures, President Robert Mugabe has said.
Posted On 03 Nov 2016

Retailers back bond notes

HARARE – The Confederation of Zimbabwe  Retailers said yesterday Zimbabweans should embrace bond notes, which  are due for introduction this month as they will also go a long in  promoting local exports, in addition to easing the liquidity crunch.
Posted On 03 Nov 2016

Kunzvi Dam construction to start soon

  HARARE – The Government has signed  a contract with Chinese company Sino-Hydro to construct Kunzvi dam with  plans at an advanced stage to carry out the Environmental Impact  Assessment (EIA), a cabinet Minister has said. Environment, Water and Climate Minister Oppah...
Posted On 03 Nov 2016

RBZ tackles bond note fears

Harare – The Reserve Bank of Zimbabwe (RBZ) yesterday bond notes, which are due for introduction this month, will remain in circulation for as long as the country does not have its own official currency. The central bank has had to fire fight and defend its decision to introduce...
Posted On 02 Nov 2016