Business

Harare-Beitbridge fibre-optic Internet cable stirs to life 12 March 2019 Zimbabwe will secure its latest fibre optic connection to the outside world tomorrow, with the official launch of the Harare-Chivhu-Masvingo-Beitbridge Internet link completing the connection of the country to all the major borders.
Forex shortages hit councils. . . as they run short of chemicals 12 March 2019 If government does not prioritise the provision of foreign currency to local authorities for the procurement of water treatment chemicals, many councils will be forced to stop pumping water, Urban Councils Association (Ucaz) president Josiah Makombe said.
Investors, Harare  partner on new markets 12 March 2019 Harare City Council is inundated with applications by investors who want to partner in the construction of new markets.
Lithium miner scales up Zim ambition 12 March 2019 Premier African Minerals says it is scaling up activities in Zimbabwe with the resumption of drilling at its lithium assets at Fort Rixon near Bulawayo.
Crisis at Rufaro Marketing . . . board not constituting a quorum 11 March 2019 Rurafo Marketing (Private) Limited is in serious breach of international best practices and corporate governance rules after it emerged that the Harare City Council (HCC)'s liquor business is technically operating without a board.
BNC acquisition deal falls through 11 March 2019 Bindura Nickel Corporation (BNC) says discussions between its ultimate holding company Asa Resource Group (Asa) and a third party relating to the sale of a majority stake in the mining company have been terminated.
Prospect Lithium  gets Sez status 11 March 2019 The Zimbabwe Special Economic Zones (Zimseza) has granted Prospect Lithium Zimbabwe a special economic zone status in a development that will bring into the country US$165 million in foreign direct investment.
Byo hails Monetary  Policy Statement 11 March 2019 The business community here last week hailed government for floating the exchange rate but urged policy-makers to move with haste to fully operationalise the interbank market.
Willdale profits ahead of target 11 March 2019 Willdale says its profits in the five months to February are ahead of target despite the current economic crisis.
CBZ trains 3 000  entrepreneurs 11 March 2019 CBZ Holdings (CBZ) says it has trained over  3 000 young entrepreneurs in the last three years, as the financial institution moves towards promoting financial inclusion and new startups.
Electric transport: Leaving no woman behind 10 March 2019 When people talk of women empowerment or come up with brilliant innovative start-ups that empower members of the gentle sex, they tend to prioritise those in urban areas while marginalising their rural counterparts.
CBZ rewards start-up company 9 March 2019 DETERMINATION, hard work and innovation has paid for local food production company Amandla Brands after they scooped the top award under the CBZ Youth Entrepreneurship (Yep) award.
Cassava unveils cross border money service 9 March 2019 Cassava Fintech South Africa, a member of the Econet Group, has launched an enhanced cross-border money transfer service from South Africa to the rest of Africa.
India Eximbank to share infrastructure notes with Zim 9 March 2019 ndia's export and import bank (Eximbank) is expected to share infrastructure notes with Zimbabwe when its officials visit the country next week.
Simbisa profit up 108 percent 8 March 2019 SIMBISA Brands (Simbisa) recorded a 108 percent increase in profit to $16,514 million during the half year ended December 31, 2018 compared to $7,990 million achieved in prior period attributed to increased customer counts.
Lancashire Steel plots comeback 7 March 2019 Lancashire Steel, a subsidiary of Ziscosteel, is set to resume operations after a new investor Whinstone Enterprises agreed to inject fresh capital.
Zim platinum output slips 7 March 2019 Zimbabwe's platinum output slipped two percent to 10 000 ounces during the fourth quarter of 2018 due to work in progress material processing in 2017, a new study has revealed.
Vivo acquires Engen 7 March 2019 VIVO Energy Plc (Vivo) has concluded the takeover of Engen Holdings (Engen) operations in a number of countries including Zimbabwe in a transaction worth $62 million.
Prospect banks on new technology 7 March 2019 Prospect Resources (Prospect) says it has acquired new technological equipment, high pressure grinding rolls (HPGR), which will reduce capital expenditure by US$2,3 million at its flagship Arcadia Lithium Project.
'Artisanal mining can boost economy' 6 March 2019 ZIMBABWE Coalition on Debt and Development (Zimcodd) has implored government to decriminalise artisanal and small-scale mining (ASM) to enable the sector to fully contribute to economic development, poverty alleviation and foreign currency retention.
Integrated Properties ventures into engineering 6 March 2019 Real estate valuation and advisory firm Integrated Properties says it has extended its product offering into engineering. The move has resulted in Integrated Properties becoming the first company in the country to bridge the gap between design, construction and value.
Privatisation of parastatals takes shape 6 March 2019 Finance minister Mthuli Ncube says government will appoint transaction advisors to spearhead the privatisation of five key State-owned enterprises (SOEs).
Exhibitors snap up 80pc space at ZITF 6 March 2019 Preparations for the 60th edition of the Zimbabwe International Trade Fair (ZITF) are now advanced with over 80 percent of available exhibition space having already been taken up, it has been learnt.
Art turnover softens on turbulence 5 March 2019 AMALGAMATED Regional Trading Holdings (Art) says its turnover dropped by 20 percent during the five months to February due to political instability in the country.
RioZim's $2,2bn Sengwa power project takes off 5 March 2019 WORK at RioZim's $2,2 billion Sengwa thermal power plant has kicked off in earnest amid indications that at least four key feasibility studies are expected to be completed this month.
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