HARARE – Bindura Nickel Corporation (BNC) has embarked on a massive recruitment drive as the mining company gears for full-scale resumption of operations after a four-year breather. BNC’s Trojan Mine, a smelter and a refinery have been on care and maintenance since September 2008 as a result of a collapse in the global nickel prices…
BEITBRIDGE – Beitbridge town has been selected as an economic zone, in a move likely to boost exports and stimulate production, deputy minister of Investment and Economic Planning Samuel Undenge says. Undenge told the visiting South African trade delegation at the fourth Investment and Trade Initiative in Bulawayo that the decision will shift focus from…
HARARE – Zimbabwe is set to host the fourth ApiAfrica Expo in 2014, with 50 000 local honey farmers expected to reap huge rewards. The country won the bid to host the prestigious event in Ethiopia last month, shrugging off stiff competition from five other African countries. Mutandwa Chaipa, Beekeepers Association of Zimbabwe (Bkaz) national…
BULWAYO – As the sun sets on Filabusi, Jabulani Moyo, 47, sits outside his mud hut, lets out a plume of smoke from a cigarette crudely fashioned out of an old newspaper and laments how little or no smoke can be seen above Bulawayo’s skyline, a sign of how the country’s industrial hub has declined….
HARARE – Diamond production at Murowa Mine soared 28 percent to 92 000 carats in the third quarter ended September, a recent third-quarter 2012 operations review from parent Rio Tinto International has shown. The increase in production at Murowa comes in the wake of falling international diamond prices, which have witnessed most diamond companies cutting…
HARARE – Financial institutions have been challenged to come up with innovative solutions to avail support to tourism infrastructure and development, says Deputy Prime Minister Arthur Mutambara. “We are going to take tourism as one of our key drivers of the economy. So to the bankers who are in the house, I heard you told…
HARARE – South Africa and Zimbabwe have agreed to boost development of small enterprises and co-operatives in both countries, the trade and industry department said on Wednesday. A team responsible for co-operative development in South Africa will visit Zimbabwe by February 2013, according to an agreement signed between the two countries in Harare on Tuesday….
HARARE – Global brewer, SABMiller says Delta Corporation lager volumes increased by nine percent in the six months ended September 30, 2012. “A focus on premiumisation and pack innovation coupled with improved availability helped increase volumes in our associate in Zimbabwe by nine percent on an organic basis,” the company said. The growth in the…
HARARE – Pan-African bank, BancABC has opened another retail branch in Botswana as the group seeks to strengthen its position in the southern African region. The new branch is the second to be opened in Francistown as the bank expands its footprint across Botswana where it already has five other branches. BancABC commenced retail banking…
HARARE – Since it was launched over two years ago, Zimbabwe’s drive to force foreign businesses to give 51 percent of their shareholding to locals has never been especially popular with the Zimbabwean public. Just 19 percent approve of the indigenisation law, according to the latest opinion poll released earlier this month, while 78 percent…
