Willdale sees 20% volume decline in QDecember
Tadiwa Musiyiwa
Zimbabwe Stock Exchange-listed brick maker, Willdale Limited, says the continuous depreciation of the Zimbabwe dollar against the US dollar has created uncertainty in...
Chinese company to control Bikita Minerals in US$180m transaction
China Nonferrous Metal Mining Group Co. through its subsidiary Sinomine Resource Group has announced it would acquire a lithium project in Zimbabwe, joining the...
Invictus contracts Baker Hughes for Muzarabani project
Itai Ndongwe
Invictus Energy (IVZ) has awarded an integrated well services contract to global oilfield service provider, Baker Hughes for its Caborra Bassa project in...
NSSA benefits payments to track RBZ auction rate
Staff Writer
The Government, has approved a recommendation from the NSSA Board to implement a self-adjusting mechanism for benefits pay-outs that will see them pegged...
ZANU PF affiliated youth group calls Temba Mliswa to order
George Swarei
Zimbabwe Youth Action Platform a ZANU PF affiliated group has threatened to deal with Norton legislator Temba Mliswa as it advised him to...
How Mine FY21 gold production up 59% due to capital expenditure,...
BULAWAYO – Gold output at How Mine in Bulawayo rose by 59% in 2021 as the mine benefitted from a capital injection and an...
Teachers declare incapacitation as schools open
Donald Chakamanga
Teachers unions in Zimbabwe have declared incapacitation notifying government authorities that they are unable to report for duty at their respective workstations.
The unions...
Residential areas destroy 50% Harare wetlands
George Sawrei/Rutendo Beta
Illegal and unplanned residential stands have consumed and destroyed more than 50% of Harare’s wetland area between 2008 and 2019, environmentalists said...
I’m suffocated, can’t breathe – Khupe
Donald Chakamanga
The leader of recently formed MDC-T faction Dr Thokozani Khupe has accused government authorities of victimizing and discriminating against her since she broke...
Treasury to release $500M weekly to pay cotton farmers
Takudzwa Musakasa
Treasury will release $500 million, every week to settle outstanding 2021 payments to cotton farmers. Cotton deliveries last year grew to 116,052 tonnes,...
Chinamasa appointed ZIMRA Acting Commissioner General
The Zimbabwe Revenue Authority (ZIMRA) has appointed Regina Chinamasa as the Acting Commissioner General of the Authority with effect from 1 February 2022.
In a...
TSL units in good volume growth in F21
TSL Limited increased revenue by 144.57% following improved performance of the agriculture-based units. The group achieved good volume growth across most business units during the...
Fresh calls for exporters forex retention review
HARARE: The foreign currency retention policy for exporters that has been subject to criticism for years is likely to spell further doom for local...
Ariston proposes 5.80 cents per share dividend
Staff Writer
Buoyed by 31% increase in revenue for the year 2021, Ariston Limited Holdings board has proposed a final dividend of 5.80 Zimbabwe cents...
Fastjet introduces Victoria Falls Maun flights
Fastjet Zimbabwe has announced the introduction of a service between the resort city of Victoria Falls and Maun in Botswana effective 30 June 2022.
In...
Invictus Energy receives dataset for Muzarabani project
Itai Ndongwe
Invictus Energy (IVZ) has received a 2D seismic dataset for its Cabora Bassa project in Muzarabani, Zimbabwe, which it owns and operates 80 percent...
ProDairy targets production increase at Mafuro as milk output increases 4%...
HARARE – Milk processor ProDairy, which is part of the Innscor Africa group says it is targeting an increase in raw milk intake this...
CAFCA budgets for near double increase in capacity, says fx allocation...
Tadiwa Musiyiwa
Cable manufacturer CAFCA Limited is set to adjust its budget to increase capacity by 90% from the current 250 tonnes.
In the company’s 2021...
ZRA cautions against power generation above 550MW at Kariba
Talkmore Gandiwa/Itai Ndongwe
The Zambezi River Authority has cautioned Zimbabwe and Zambia against generating power above the 550mW levels which were accorded to the two...
Global tourism grows 4% in 2021 but stays below pre-pandemic levels
Global tourism experienced a 4% upturn in 2021, compared to 2020 (415 million versus 400 million). However, international tourist arrivals (overnight visitors) were still...
