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 launch City Hopper Agency, an extension of the bank's City...
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 feet and 800 million of barrels condensate.
The drilling of the...
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 Kuda Chigiyo said the group had achieved its normal production...
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 clients as of last week.
Speaking during a vehicle and work...
Zimplats sees increased costs after rise in mined tonnage in Q2 June
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 Mupfuti Mine from the effects of lower trackless mining equipment...
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 Bassa project in Zimbabwe.
The renewal will be valid until July...
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, the company reported in its trading update period.
According to the...
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. He was 68.
Chidawu was appointed to the metropolitan post in...
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 in the process of setting up a process to scrutinise...
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 rainfall patterns but payment modalities have been put in place...
















