NTS volumes decline 20% in QJune

Edwell Chigangaidze  HARARE – National Tyre Service (NTS) saw a 20% decrease in volume for the three months to June largely impacted by rising prices...

Galileo identifies multiple gold targets at Bulawayo Gold project

Itai Ndongwe  Galileo Resources has identified multiple gold targets in its latest aeromagnetic and radiometric survey conducted at the Bulawayo Gold Project, Zimbabwe. The survey successfully...

Zeco shareholders approve transition to property company

Talkmore Gandiwa HARARE- ZECO Holdings Limited shareholders approved the transition of the company to a property development entity at an extraordinary general meeting this morning. The...

Cafca’s Q3 profits up 251% on sustained volume deman

Itai Ndongwe HARARE - CAFCA recorded a slight increase in volumes in the third quarter to June buoyed by sustained local and export demand. Tonnes sold...

Premier African Minerals receives US$18m as pre-payment for Zulu lithium project

Itai Ndongwe  Premier African Minerals has completed the definitive transaction documents for the marketing and prepayment agreement with Suzhou TA&A and has received approximately US$18.1...

BancABC partners TelOne on City Hopper Agency

Itai Ndongwe BancABC, the local banking subsidiary of pan-African Group Atlas Mara, has joined forces with Telone, one of the country's largest telecommunications players, to...

Invictus awarded 3 carbon offset projects as it kickstarts drilling project

Talkmore Gandiwa HARARE – Invictus energy is set to drill the Mukuyu second well by end of August, which is set to target 22 cubic...

Proplastics sitting on 76% USD sales at H1

Itai Ndongwe HARARE - Proplastics Limited says it has met its first-half target in US dollars terms, but it is falling short in local currency. CEO...

ZESA owed US$62m, ZW$17bn by defaulting customers

Itai Ndongwe The state power utility ZESA Holdings says it is owed US$62 million and ZWL 17 billion by both individuals and commercial and industrial...

Zimplats sees increased costs after rise in mined tonnage in Q2...

Itai Ndongwe HARARE - Zimplats, the country’s largest platinum miner, says its mined tonnage increased by 9% quarter-on-quarter and 4% year-on-year following the full recovery of...

EMA renews Invictus Energy’s EI assessment

Itai Ndongwe HARARE - Invictus Energy (IVZ) has received environmental impact assessment (EIA) renewal approval from the Zimbabwe Environmental Management Agency (EMA) for the Cabora...

Ariston in mixed nine month performance as revenue grows 69%

Itai Ndongwe  Ariston Holding’s revenue for the nine-month period ended June 30, 2022, grew by 69% in historical terms compared to the prior comparative period,...

Harare Provincial Minister Oliver Chidawu dies

HARARE - Minister of State for Provincial Affairs and Devolution in Harare, Oliver Chidawu, has died. He passed away this morning from a heart attack....

Govt to blacklist errant suppliers

HARARE - Government has warned that it will blacklist suppliers who are channeling payments they receive to the illegal foreign exchange market and is...

Cottco expects 27% reduced cotton intake to 85 000t

HARARE – Cottco Holdings says it expects reduced intake in the current season due to the late onset of the rains and the erratic...

Download: Milk Production data for H1 (Jan-June22)

Milk production Figures Jan-June 2022

Dairibord introduces baobab beverage

HARARE - Dairibord Zimbabwe Limited, a diversified manufacturer of milk, beverage and food products, has launched a baobab beverage under its Cascade brand ahead...

AfDB Group chief in Zimbabwe to get debt clearance plan underway

HARARE – African Development Bank Group President Dr Akinwumi Adesina arrived in Zimbabwe on Monday for a two-day official visit to the country. Adesina accepted...

VFEX to roll out mobile trading platform end of this month

Staff Writer HARARE-  The Victoria Falls Stock Exchange (VFEX) will launch its mobile securities trading platform, VFEX-Direct,  at the end of this month in a...

Invictus Energy almost triples Muzarabani prospective resource

HARARE - Invictus Energy (IVZ) has updated the prospective resource at the Mukuyu (Muzarabani) prospect within the Cabora Bassa project in Mashonaland Central. The resource...