Business

Business

BY MTHANDAZO NYONI AFRICAN lithium company, Prospect Resources (Prospect) has signed an offtake agreement with Belgium-based Sibelco N.V (Sibelco) for ultra-low iron petalite production from the Arcadia Lithium ...

BY FIDELITY MHLANGA The Women Affairs, Community and Small and Medium Enterprises Development ministry has engaged Togabless Mining Investment for gold mining assistance, NewsDay Business has gathered. Do ...

THE Tobacco Industry and Marketing Board (TIMB) has urged farmers to deliver their crop thrice a week at the auction floors as the marketing season heads towards closure. ...

BY BUSINESS REPORTER STATIONERY manufacturer, ART Holdings Limited (AHL) says all its business units remained profitable during the third quarter ended June 30, 2020 despite reduced volumes and ...

BY MTHANDAZO NYONI THE Zimbabwe Stock Exchange Limited (ZSE) has commissioned a solar plant with a generation capacity of up to 40KVA in line with its commitment to ...

STAFF WRITER THE Reserve Bank of Zimbabwe’s decision to continue restricting mobile money transaction limits at a time inflation has been rising has negatively affected the ease of ...

BY MTHANDAZO NYONI THE Zimbabwe Stock Exchange Limited (ZSE) has called for various stakeholders to participate in the Victoria Falls Stock Exchange Limited (VFEX), an equity market that ...

BY FIDELITY MHLANGA SWISS-based cement maker Lafarge Holcim local unit, Lafarge Cement Zimbabwe was last week ordered to cease operations at its Harare plant by the Environmental Management ...

BY FIDELITY MHLANGA LISTED diversified packaging manufacturer, Nampak Zimbabwe Limited volumes plunged by 48% due to continuing contraction in consumer demand in the beverage sector. In a trading ...

BY MTHANDAZO NYONI ZIMRE Holdings Limited (ZHL), whose business portfolio includes insurance and property, seeks to further diversify its revenue streams and pursue opportunities for mergers and acquisitions ...

The unfortunate outbreak of the pandemic COVID-19 has traumatized the entire World. Almost every country is infected with the said virus and the same occurrence has affected all ...

BY FIDELITY MHLANGA TOBACCO sales at the auction floors are declining each year, with latest data showing they only constituted 5% of total delivered crop, raising concern over ...

BY MTHANDAZO NYONI GWANDA-BASED mining concern Blanket Mine has reported a 39% increase in gross revenue in the second quarter of this year compared to the same period ...

4 Innovations That Are Set to Transform the Online Gambling Industry The online gambling industry continues to expand and attract even more players around the world. Currently, there ...

Staff Reporter OLD Mutual Life Assurance general manager Rutendo Magorimbo has been elected the Zimbabwe Association of Pension Funds (ZAPF) chairperson. She will be deputised by a prominent ...

BY FIDELITY MHLANGA LISTED supplier of electrical products and service, Powerspeed has expressed concern over Zimbabwe’s economic prospects, describing it as “uncertain like never before”, thereby posing great ...

BY MTHANDAZO NYONI PADENGA Holdings, one of the biggest exporting companies in Zimbabwe, aims to achieve revenue of US$30 million by the end of this year, compared to ...

BY FIDELITY MHLANGA LISTED supplier of electrical products and service provider, Powerspeed has expressed concern over Zimbabwe’s economic prospects, describing it as “uncertain like never before”. The country ...

Cassava Fintech International (CFI) and the Liquid Telecom Group (LTG) have announced the launch of Sasai Wi-Fi Finder which they described as a potential game-changer in driving digital ...

BY TATIRA ZWINOIRA AUSTRALIAN energy firm, Invictus Energy Limited (IEL) announced that it had received an Environmental Impact Assessment (EIA) compliance certificate from the Environmental Management Agency (EMA) ...

BY MTHANDAZO NYONI AFRICAN lithium company, Prospect Resources (Prospect) ended the second quarter with a strong balance sheet of A$1,698 million (US$1,21 million) following the implementation of a ...

CONFEDERATION of Zimbabwe Miners (CZM) president Rangani Chauke has urged government to speedily recapitalise mining operations to achieve its ambitious US$12 billion mining economy by 2023. BY Stephen ...

BY FIDELITY MHLANGA MEDICAL Investments Limited (St Annes) chief finance officer Duduzile Shinya has been elected president of the Institute of Chartered Accountants of Zimbabwe (ICAZ), taking over ...

BY TATIRA ZWINOIRA ESCROW Systems (Pty) Ltd managing director Simbarashe Machanzi says daily maximum transaction limits on banking and mobile money platforms have reduced volumes on C-Trade. In ...

BY Business reporter THE Zimbabwe Cross-Borders Association (ZCBTA) has implored the government to consider the feasibility of using bonded warehouses, cargo consolidation and e-commerce platforms to secure goods ...

BY FIDELITY MHLANGA SUGAR producer Hippo Valley recorded an 8% decline at 49 425 tonnes during the quarter ended June 2020 from 53 997 tonnes during the same ...

Global financial markets are more accessible than ever before. All you need is an internet-connected device, an account, and the right software. It is even possible to start ...

BY HARRIET CHIKANDIWA Cassava Fintech has launched Sasai Moments; a new social media network app that allows users to experience, capture and share video driven by user generated ...

BY MTHANDAZO NYONI ZIMBABWE’S small-scale chrome miners are stuck with tonnes of ore which they are failing to sell to the international markets following the closure of borders ...

BY FIDELITY MHLANGA GOVERNMENT has hiked fuel prices by 33% following a foreign exchange auction shift this Tuesday.In a circular yesterday, Zimbabwe Energy Regulatory Authority (Zera) announced that ...