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Arenel begins snack plant commissioning

DIVERSIFIED Bulawayo-based manufacturer, Arenel, has begun commissioning its snack plant under a $2 million investment that is expected to create about 300 jobs.Chief Secretary to the Offi...Read more

Arenel begins snack plant commissioning

05 May 2016 | 1216 Views
DIVERSIFIED Bulawayo-based manufacturer, Arenel, has begun commissioning its snack plant under a $2 million investment that is expected to create about 300 jobs.Chief Secretary to the Offi...

by Business Reporter

Banks hike charges

05 May 2016 | 2824 Views
BANKS have hiked transaction costs by up to 570 percent, leaving the bulk of depositors who are already living on the margins of poverty poorer.They are taking advantage of the crippling cash ...

by Staff Reporter

SA firms urged to invest in Zimbabwe

03 May 2016 | 2002 Views
THE government wants South African companies exporting to Zimbabwe to also bring investment into local industry in order to create jobs and improve the tight liquidity situation in the country. ...

by Business Reporter

Edgars, Power Sales accused of importing cheap clothes

03 May 2016 | 4253 Views
Clothing retail players have accused Edgars and Power Sales outlets of importing cheap products.The sector is lobbying Government to impose a ban on finished clothes, saying the influx of impo...

by Staff Reporter

2 firms removed from Zimbabwe Stock Exchange

02 May 2016 | 3011 Views
TWO companies were last week removed from the Zimbabwe Stock Exchange leaving the number of counters on the bourse at 62.Pelhams Limited and Radar were both removed from the stock exchange wit...

by Business Reporter

'Zimbabwe firms not competing fairly'

29 April 2016 | 2133 Views
ZIMBABWEAN companies are competing unfairly with regional producers who lower the prices of their products when selling locally in order to attract the US dollar.Datlabs Chemicals technical di...

by Nqobile Tshili

Econet introduces Ecocash airtime credit service

28 April 2016 | 4244 Views
Econet Wireless Zimbabwe has introduced airtime credit service via EcoCash to assist users in times of emergency. The innovation which is the first of its kind in Zimbabwe, means that an E...

by Staff reporter

Blitz on unregistered insurance agents launched

28 April 2016 | 2159 Views
THE Insurance and Pensions Commission has launched a blitz on unregistered insurance agents and fake insurance cover notes, a senior IPEC official said. The operation is being conducted by IPEC in con...

by Tinashe Makichi

Chinese ZTE to open 50 branches in Zimbabwe

28 April 2016 | 2317 Views
Chinese telecoms equipment and handset manufacturer, ZTE is set to open 50 branches in Zimbabwe this year which will also include a technical and repair centre for all its products. In the past ZTE us...

by Business Reporter

Man rapes 'promiscuous' sister in law

27 April 2016 | 4762 Views
A man raped his brother's wife aged 18 on their way to South Africa late last year, has been handed an effective 15-year jail term by Beitbridge regional magistrate Joseph Mabeza. However...

by Staff Reporter

NRZ drags workers to court

27 April 2016 | 3238 Views
THE National Railways of Zimbabwe (NRZ) has taken 942 of its workers to court for refusing to return to work after downing tools last month over the non-payment of salaries.Public Service, Lab...

by Mashudu Netsianda

IBC to address critical issues

26 April 2016 | 2078 Views
AT least 350 delegates will attend the 10th edition of the International Business Conference (IBC) in Bulawayo tomorrow with focus on optimising and leveraging on the country's resource base to create...

by Business Reporter

AfDB approves $25m credit line for CABS

26 April 2016 | 2241 Views
The African Development Bank has approved a $25 million trade finance line of credit facility to Central Africa Building Society of Zimbabwe. This medium term facility will support the expansion of CA...

by Staff reporter

Cooking oil shortage looms

26 April 2016 | 3774 Views
A cooking oil shortage is looming in the country following revelations that the sector's producers are failing to secure key raw materials from foreign countries due to the situation with banks' nostr...

by Staff reporter

NRZ workers begged to be fired

22 April 2016 | 4857 Views
National Railways of Zimbabwe workers have reportedly begged  top management to fire them.The workers said it was pointless to continue reporting for duty without pay.Workers have...

by Thobekile Zhou

Econet Media Becomes the NBA's Largest Partner Ever in Africa

21 April 2016 | 4950 Views
JOHANNESBURG AND NEW YORK, April 21, 2016 – The National Basketball Association (NBA) and Econet, a multinational, diversified telecommunications group, today announced a multiyear partnership to pr...

by Agencies

Houses up for grabs for Harare 'Whisky' drinkers

21 April 2016 | 5612 Views
AFRICAN Distillers Limited (AFDIS), Zimbabwe's largest spirits, ciders and wine manufacturing company has launched a nationwide promotion in which consumers will win three houses in Harare as a way of...

by Business Reporter

Hwange Colliery Company workers demand management overhaul

21 April 2016 | 2864 Views
HWANGE Colliery Company Ltd employees are unhappy with their senior management and have since started lobbying for a complete overhaul, sources have said. Last week, the company held a mee...

by Staff Reporter

ILO roped into NRZ strike

20 April 2016 | 3338 Views
The International Labour Organisation (ILO) has been approached by the Zimbabwe Congress of Trade Unions (ZCTU) to intervene in the pay dispute between the National Railways of Zimbabwe (NRZ) and its ...

by Staff Reporter

Former Ingwebu workers besiege company premises

19 April 2016 | 3109 Views
CLOSE to 100 former Ingwebu Breweries workers yesterday besieged the company's premises in Bulawayo demanding their retrenchment packages and outstanding salaries backdated to 2009.The disgrun...

by Bianca Mlilo

Emirates SkyCargo launches new protection solution for temperature-sensitive cargo 

19 April 2016 | 2714 Views
Montreux, Switzerland and Dubai, U.A.E. - Emirates SkyCargo, the cargo division of Emirates Airline, has launched a next-generation version of its innovative protection product for valuable temperatur...

by Agencies

CABS phases out withdrawal, deposit slips

18 April 2016 | 5090 Views
ZIMBABWE's largest mortgage lender, CABS, says it will phase out use of withdrawal and deposit slips starting June 1, 2016 in favour of cards as part of measures to improve service efficiency. ...

by Business Reporter

Emirates airline increases baggage allowance

18 April 2016 | 3000 Views
LEADING airliner, Emirates has increased its free baggage allowance for customers travelling on all its flights.Under the new baggage regime which came into effect last Friday, economy Class c...

by Business Reporter

Huge Russian presence at ZITF

17 April 2016 | 2938 Views
THE Russian business delegation to exhibit at this year's 57th edition of the Zimbabwe International Trade Fair (ZITF) has set sights on using the exhibition as a platform to explore new investment op...

by Dumisani Nsingo

NSSA suspends over 40,000 pensions

16 April 2016 | 8064 Views
MORE than 40,000 pensioners failed to receive their April payouts this week after the National Social Security Authority (NSSA) de-registered them for failing to submit life certificates. Hundreds of ...

by Samantha Chigogo

Tata to expand business portfolio

15 April 2016 | 2458 Views
Indian giant car maker Tata International Limited has pledged to expand its business portfolio in Zimbabwe to include infrastructure development and pharmaceuticals. Tata chief finance off...

by Staff reporter

Zimnbabwe banks face new rise in bad loans

15 April 2016 | 2143 Views
Non-performing loans (NPLs) could rise in the current financial year after financial institutions struggled with bad loan books in the full year to December (FY15), an analysis of banks' financial...

by Staff reporter

Delta's 1Q revenue drops 6%

15 April 2016 | 2630 Views
DELTA Corporation, Zimbabwe's largest beverages company said revenue for the quarter ended March dropped 6 percent and 7 percent for the full year due to changes in portfolio mix and price moderations...

by Business Reporter

Emirates Increases Free Baggage Allowance on all Africa Routes

15 April 2016 | 3210 Views
Airline introduces piece concept across all cabin classes DUBAI - Emirates, which flies daily from Dubai to Lusaka and Harare, is set to increase ...

by Business Reporter

Choppies Zimbabwe to build massive warehouse in Bulawayo - Mphoko

14 April 2016 | 4892 Views
Choppies Zimbabwe director, Siqokoqela Mphoko has said the retail giant is planning to open up a massive warehouse in Bulawayo."We are a Bulawayo company and our drive is to lead the revival o...

by Thobekile Zhou

Firstel Cellular dodges $11m debt

14 April 2016 | 3291 Views
Former NetOne management led by suspended CEO Mr Reward Kangai who owned Firstel Cellular do not want to pay the $11 million that they owe the Government-owned mobile operator after they applied for l...

by Lloyd Gumbo

Air Zimbabwe introduces second Harare - Johannesburg frequency

14 April 2016 | 3241 Views
The National Airliner, Air Zimbabwe has introduced a second frequency on the Harare-Johannesburg route starting from April 15, 2015. The second frequency will increase direct connectivity into the com...

by Tinashe Makichi

NMB courts foreign investors

12 April 2016 | 2839 Views
Financial services group NMB Zimbabwe will this week play hosts to foreign investors who are expected to inject clo9se to $30 million in the company. The group's Chief Financial Officer Be...

by Staff reporter

ICT projects slows down over infrastructure sharing

12 April 2016 | 907 Views
Liquid Telecom Zimbabwe has slowed down implementation of new infrastructure projects pending finalization of an Information, Communication Technology (ICT) framework, which has a bearing on infra...

by Staff reporter

Bakers Inn targets regional market

12 April 2016 | 2999 Views
Innscor's bakery division, Bakers Inn is aiming to expand into the region once it holds a 50 percent market share locally, CEO Mr Ngoni Mazango has said. Mr Mazango told BH24 that the company ...

by BH24

Bata revives Sandak and Pata Pata brands

07 April 2016 | 6418 Views
The country's biggest shoe manufacturer, Bata Shoe Company, has reintroduced the Sandak and Pata Pata brands as it seeks to regain its market share.The local brands had come under pressure fro...

by Staff reporter

Avoid being scammed by FAKE INSURANCE policies flooding Zimbabwe

06 April 2016 | 6989 Views
Fake motor vehicle insurance policies have flooded the market and this could affect you unless you are vigilant. Millions of dollars are being lost to fraudsters. This not only affects the individuals...

by Agencies

No room for new mobile licenses in Zimbabwe

05 April 2016 | 4322 Views
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says today it can no longer issue new mobile licenses due to limited spectrum.Zimbabwe has three mobile telecommunic...

by Staff reporter

Willdale Bricks, Zimtile partner with UK based Vaka Building Materials & Hardware

05 April 2016 | 2982 Views
Zimbabwe's leading bricks manufacturer Willdale Bricks and leading roofing tiles supplier Zimtile have partnered with United Kingdom building materials Vaka Building Materials & Hardware. This is ...

by Agencies

Zimplats implicated in Panama report

05 April 2016 | 5655 Views
Impala Platinum (Implats), the second-largest miner of the precious metal, was yesterday battling to contain a potentially bitter fallout with Harare after documents showed the company's unit in Zimba...

by Staff reporter

Canadian company secures $350m for Zimbabwe projects

04 April 2016 | 3310 Views
A CANADIAN firm has secured more than $350 million to finance government-backed projects with a service contract now expected to be signed between the firm and the Embassy of Zimbabwe in Canada if the...

by Innocent Ruwende

Air Zimbabwe to resume Harare-London route

02 April 2016 | 5606 Views
The government will this month start clearing the US$10 million debt owed to creditors in London to pave way for the re- introduction of Air Zimbabwe’s Harare-London flight.At least US$2.6 m...

by Staff reporter

Nigel Chanakira plots return to banking

31 March 2016 | 5443 Views
PROMINENT businessman Nigel Chanakira has confirmed plans to bounce back to the banking business - this time with a bias on funding small to medium enterprises (SMEs).The Kingdom Bank founder ...

by Bianca Mlilo

Bata Shoe Company to export Tommy to European and Asian markets

29 March 2016 | 4052 Views
Bata Shoe Company is set to export shoes to European and Asian markets. The Gweru based shoe manufacturer, last year exported 3,000 pairs of safari shoes, popularly known as the "farmer s...

by Thobekile Zhou

Metbank bounces back to profitability

29 March 2016 | 2597 Views
Met Bank bounced back to profitability in the full year of 2015 posting a profit after tax of $259 510 from a loss making position in the previous year attributed to cost containment measures and earn...

by Staff reporter

Tel-One and Net-One to share infrastructure

24 March 2016 | 3113 Views
The government-owned telecommunication firms, Tel-One and Net-One will soon be sharing infrastructure to reduce operational costs and improve service delivery.It emerged at a meeting between t...

by Staff Reporter

Econet to embark on a massive retrenchment exercise

24 March 2016 | 6858 Views
Econet Wireless will embark on a massive retrenchment exercise as it streamlines its operations in the face of a tough business environment. The job cuts will be across the board and fundi...

by Staff reporter

Employers reinstate dismissed workers

24 March 2016 | 2440 Views
Only 9 % of workers dismissed using last year's Supreme Court ruling have been reinstated. According to a research conducted by the Zimbabwe Congress of Trade Unions, approximately 4 858 workers w...

by Staff reporter

PPC $80 million cement plant nears completion

24 March 2016 | 1955 Views
Regional cement producer Pretoria Portland Cement (PPC) says its $80 million cement plant in Harare, aimed at ramping up production, is now over 55% complete. The plant has a capacity to p...

by Staff reporter

Air Zimbabwe rejects Canadian rescuer

24 March 2016 | 3687 Views
AIR Zimbabwe spurned proposals for a restructuring deal from Canadian aviation firm, NEXTFLIGHTAIR, an arrangement that would have helped it acquire five more aircraft and grow its revenue to $136 mil...

by Staff reporter

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