Friday, July 20, 2018
Hilda Muchamiri Churches, which previously focused on their two-fold mission of winning souls and shepherding the sheep, appear to have realised that it is impossible to achieve that without money. This has prompted a radical shift from mere collection and counting of offerings and tithes, to investing in multi-million dollar businesses. Several...
Enacy Mapakame LISTED mining group, Falcon Gold (Falgold) Zimbabwe says its operations in the half year ended March 31, 2018 were affected by a strike which lasted for three months at its Golden Quarry mine. Workers at the Midlands-based gold mine downed tools from January 15 until March 13 demanding outstanding salaries dating...
Prosper Ndlovu TOURISM and Hospitality Industry Minister, Prisca Mupfumira, says the pricing of tourism products in Zimbabwe needs to be reviewed downwards to enhance competitiveness and increase volumes. Cutting tourism pricing has to be buttressed by aggressive domestic tourism campaigns that include tailor-made packages for special groups such as school children...
Enacy Mapakame ZIMBABWE Stock Exchange listed nickel mining firm, Bindura Nickel Corporation (BNC's) smelter restart project has stagnated at 83 percent completion due to funding constraints. The nickel miner indicated that progress on the project was put on hold during the year due to capital constraints. “The delay in completing the project...
HARARE - Annual broad money supply in Zimbabwe  increased by 32.71 percent to $8.1 billion in April this year from $6.1  billion reported in the same period last year due to a rise in  transferable deposits and negotiable certificates of deposits, latest  figures from the central bank have shown. Broad...
BH24 Reporter HARARE – National Tyres Services Limited (NTS) saw its revenue jumped to $13, 8 million in the year to March 31, 2018 from $11, 9 million in the prior comparable period. According to management “this was the result of a strategy to supplement direct sourcing with local supplies and pushing sales...
Tawanda Mangoma CHIREDZI - The Cotton Company of Zimbabwe (Cottco) has this season engaged 400 000 farmers as the company redirects its effort to improving the yield potential of every farmer, an official has said. The development is also in line with the Government thrust to further extend the Presidential Free...
BH24 Correspondent HARARE – The Democratic Republic of Congo (DRC) Mining Week kick-started negotiations for nearly $3 million worth of business deals for Zimbabwean mining and mining inputs companies. 10 Zimbabwean companies exhibited under the ZimTrade banner. The Expo was held in Lubumbashi from 13 to 15 June 2018, and companies have returned...
Enacy Mapakame HARARE - Sugar industry sales on the domestic market increased 11 percent to 334 000 tons in the year to 31 March 2018 from 301 000 tons in the prior year, thanks to regulations limiting imports. The local sugar industry is benefitting from the Statutory Instrument 64 of 2016...
Tawanda Musarurwa HARARE – Old Mutual Zimbabwe is being listed on the Zimbabwe Stock Exchange (ZSE) as a part of a broader group strategy to focus its business in Africa. Yesterday, Old Mutual Plc’s shares were suspended from the UK Official List and from trading on the London Stock Exchange’s main...