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ZSE lifts Zeco Holdings suspension
HARARE, March 30 (The Source) – ZSE on Thursday said it has lifted the suspension of Zeco Holdings shares with effect from March 31 after the engineering concern complied with listing requirements....
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Stanbic profit falls 11pct to $21mln
HARARE, March 30 (The Source) – Stanbic Bank Zimbabwe reported a 11 percent drop in profit after tax from $23,9 million to $21,2 million in the full year to December 2016, as cash transactions decline...
View ArticleFilm industry a multi-billion dollar industry: Mushohwe
Information, Media and Broadcasting Services Minister Dr Chris Mushohwe says the film industry is a multi-billion dollar sector which independent producers should fully embrace. Addressing Chipinge...
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Chinese delegation meets President Mugabe
The visiting 5-member Chinese delegation comprising the Governor of Yanbian Province Mr Zhe Piao and two mayors Mr Kuilon Cai and Mr Jifeng Zhang and a director in the Ministry of Foreign Affairs have...
View ArticleBatoka Gorge Investor Conference kicks off
Zimbabwe and Zambia have re-affirmed their political commitment to develop the Batoka Gorge Hydro-Electric Scheme which requires a financial injection of US$$4 billion. Zambian vice president Mrs...
View ArticleNamibian President to open Trade Fair
President Hage Geingob President Hage Geingob Kiyapili Sibanda, Business Reporter NAMIBIAN President Hage Geingob will be the guest of honour at this year’s edition of the Zimbabwe International Trade...
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Load shedding looms: $77m power import debt haunts Zesa
Business Reporter ZIMBABWE risks being blocked from importing electricity as Zesa Holdings owes regional utilities about $77 million, which may lead to load shedding. The power utility relies on...
View ArticleDairibord consolidates Zimbabwean business
ZIMBABWE’S largest milk processor, Dairibord, has consolidated all its local units, Dairibord Zimbabwe, Lyons and NFB logistics, into one operating company, Dairibord Zimbabwe (Private) Limited as it...
View ArticleRioZim courts regional investors
Oliver Kazunga, Senior Business Reporter MINING giant RioZim says it has started courting regional and international investors for the development of a 1 400 megawatt thermal power plant at Sengwa in...
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Cresta in multi-million dollar refurbishment
CRESTA Hotels has embarked on multi-million dollar refurbishment of its establishments in Zimbabwe as it seeks to keep in line with international trends and position itself for a boom in the tourism...
View ArticlePadenga Holdings’ Profit Increases
By Fidelity Mhlanga Padenga Holdings Ltd’s after-tax profit increased to US$8 million in the full year to December 2016 (FY16) from US$7 million in FY15 after surpassing targeted crocodile skin sales....
View ArticleNo Water for Users Without Agreements
OPINIONBy Sirak Gabrehiwot This week the Government and UN Development System in Zimbabwe, together with development partners, civil society organisations validated development results supported by the...
View ArticleMetbank to Advise Millers
The Grain Millers Association of Zimbabwe (GMAZ) has appointed Metbank Limited as its financial advisor on its $8 million silo facility meant to fund the rehabilitation and repair of the Grain...
View ArticleSavanna Tobacco Rebrands
By Fidelis Munyoro and Martin Kadzere Government has called for the creation of a cigarette industry which fully embraces value-addition and beneficiation to realise better profits compared to selling...
View ArticleTBs Stir Widespread Market Anxiety
By Taurai Mangudhla FAILURE by government to honour its Treasury Bills (TBs) as the fiscus increasingly becomes dependent on the debt instruments to finance public spending could have far-reaching...
View ArticleInvestors to Fund $4bn Batoka Project
By Conrad Mwanawashe THE development of the Batoka Gorge Hydro-Electric Scheme has received stimulus with international financial institutions and private investors agreeing to finance the $4 billion...
View ArticleHwange stops bleeding, gears for profit
Business Reporter THE board of directors at Hwange Colliery Company Limited (HCCL) has managed to “stop the bleeding”, with the company forecasting to break even this year and becoming profitable from...
View ArticleMiners wander through regulatory maze
Africa Moyo Zimbabwean miners, who are have to contend with at least 16 different laws regulating the sector, are pushing Government to harmonise legislation to cut unnecessary expenses and improve the...
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$150m for Command Livestock farming
Harare Bureau GOVERNMENT is rolling out a US$150 million livestock programme covering restocking, equipment, pasture development and resuscitation of the Cold Storage Commission. Some 600 000...
View ArticleGovt to launch SMEs incubation centre
Midlands Correspondent THE Ministry of Small to Medium Enterprises and Co-operative Development will at the end of this month launch the Small to Medium Entrepreneurs (SMEs) incubation centre and other...
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