Business

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.
Zim spends millions importing powdered milk' 5 March 2019 ZIMBABWE is spending more than $7 million per month to import powdered milk and butter as raw milk producers continue failing to meet demand, a dairy industry executive has said.
Ipec orders Apex pensions liquidation 5 March 2019 THE Insurance and Pensions Fund (Ipec) has finally ordered the liquidation of Apex Corporation Pension Fund.
Mega-plant for tiles and granite rock products 4 March 2019 Zimbabwe is set to have another mega-plant that will be producing tiles and other related granite products, the Daily News can report.
Antiquated equipment cripples agric sector 4 March 2019 Zimbabwe's agricultural sector needs massive retooling to increase production as it is still relying on antiquated equipment.Farming experts said as long as the situation remains like, the sector's capacity to produce more will be constrained, leading to an increase in the country's import bill.
Zim inflation hits 266% 4 March 2019 International economist and currency expert Steve Hanke says Zimbabwe's inflation now sits at 266 percent following the Reserve Bank of Zimbabwe's recently-announced monetary policy.
'Govt should disclose diamond revenues' 4 March 2019 Kimberly Process (KP) Civil Society Coalition has raised concern over non-disclosure of diamond contracts and revenues by government saying it punctures proper accountability.
. . changes an 'official recognition' of phenomena Monetary reforms influenced by earlier policies 3 March 2019 There's nothing surprising or fundamentally new about the monetary and currency reforms that the Reserve Bank of Zimbabwe (RBZ) introduced in the 2019 Monetary Policy Statement. 
Petrotrade gets ISO 9001:2015 certification 2 March 2019 PETROTRADE acting chief executive officer Godfrey Ncube says the ISO 9001/2015 certification his company has just achieved will enhance the state-owned petroleum dealer's capacity to become the preferred supplier of petroleum products in the country and in the region.
GetBucks profit up 16 percent 2 March 2019 GETBUCKS Microfinance Bank (Getbucks) recorded a 16 percent increase in profit to $3 million for the six months ended December 31, 2018 compared to a $2,578 million recorded in prior period.
Zim telecommunication firms seek tariffs hike 1 March 2019 The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says it is reviewing proposals by Mobile Network Operators (MNOs) for a tariff hike in light of movement in the exchange rate as determined on the inter-bank market.
IPEC in micro insurance drive 26 February 2019 The Insurance and Pensions Commission (Ipec) says it will this year intensify its drive for micro-insurance to boost Zimbabwe's insurance penetration, which it says is low.
Air Tanzania relaunches Dar es Salaam-Harare flights 21 February 2019 HARARE - Regional airline, Air Tanzania will begin operating flights on the Dar es Salaam and Harare route tomorrow.
China spends $2,5bn on Zim 19 February 2019 China has spent $2,5 billion on Zimbabwe, which is by far the highest amount of money it has ever advanced to any African country.
Business people urged to run for Parly 17 February 2019 Zimbabwe's business people must actively consider running for Parliament, a former United Nations under-secretary general has said, adding it would be their only path to influence public policy as they voice stark disagreements with how the economy is being run.
MPS delay worries industry 17 February 2019 The central bank's delay in announcing the monetary policy statement (MPS) has resulted in companies operating cautiously, the Confederation of Zimbabwe Industries (CZI) has said. Traditionally, the MPS is announced between end of January and first week of February, but hasn't to date.
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