HARARE – Chinese investor, Beijing Pinchang, which has promised to inject $100 million to revive Kamativi Tin Mine which has been closed for almost 21 years, is working on the processing technology to extract all seven minerals in the Matabeleland North-based mine. Mines and Mining Development minister Walter Chidakwa told the National Assembly on Wednesday…
HARARE – Mahindra’s Zimbabwean subsidiary has launched its compact utility vehicle in the market with an aim to capturing the world’s biggest auto market share and reaching to the youth population with the latest offerings in Africa. The sporty KUV100, which was launched in Borrowdale on Tuesday, is the smallest vehicle in Mahindra’s product range…
HARARE – The National Building Society (NBS) is set to increase its operations across the country despite the economy’s sustained downward trajectory. NBS managing director, Ken Chitando, said the $2 million expansion drive was aimed at tapping into the low end mortgage market and help close the country’s over 1,5 million housing backlog. [GoogleAd] “We…
HARARE – The Confederation of Zimbabwe Industries (CZI) has sensationally claimed that local industry is on a rebound despite the worsening economic situation in the country that has seen gross domestic product growth being slashed by half this year. In a surprisingly optimistic survey released yesterday, the industry body said manufacturing weighted capacity utilisation jumped…
HARARE – Women’s rights advocate group, Stimulus, will next year launch a campaign for consumers to choose products and retailers that support women-owned businesses across the country. Stimulus executive director Rudo Nyangulu-Mungofa, on Friday said Stimulus’ Choose Women: Buy Local (CWBL) initiative was in response to the need for women-owned and run businesses to be…
HARARE – Zimbabwe’s leading telecommunications operator, Econet, has partnered with Harare City Council’s parking division, City Parking, in an innovation set to see motorists pay for parking space using EcoCash. In light of the country’s cash shortages, most motorists have had their vehicles clamped and impounded in some cases parting with anything between $57 and…
HARARE – National power utility Zesa Holdings (Zesa) says it is finalising the framework for the installation of smart meters to industry and farmers. The parastatal’s chief executive, Josh Chifamba, on Monday said his organisation is targeting to install 40 000 prepaid smart metres for bulk power users including farmers, manufacturers and miners. “To date,…
HARARE – Netherlands-based integrated telecommunications services operator, VimpelCom, says the disposal of its 60 percent shareholding in Telecel Zimbabwe (Telecel) was above board. This was after Empowerment Corporation (EC), which owns 40 percent in the local mobile operator, had recently threatened to sue VimpelCom for breach of pre-emptive rights. [GoogleAd] Through their lawyers Titan Law…
HARARE – President Robert Mugabe’s government is under pressure to halt flour importations from Asia since they are hurting wheat farmers and local production of the commodity. This also comes as the National Bakers Association of Zimbabwe (NBAZ) has come under fire for allegedly supporting extended flour imports and abetting some “profiteering” bakers who continue…
HARARE – Zimbabwe is set to be plunged into total darkness due to the worsening liquidity crisis in the country that has seen the national power utility failing to import adequate electricity. Zesa chief executive, Josh Chifamba, yesterday told Parliament that the power utility owed suppliers — including South Africa’s Eskom and Mozambique’s Hydro Cahora…
