adminHwange $50m loan in limbo
Martin Kadzere Harare Bureau THE $50 million loan offer to Hwange Colliery by one of its major shareholders Nicholas van Hoogstraten is hanging in the balance as the parties disagree…
All eyes on new RBZ governor
Mernat Mafirakurewa Business Editor RESERVE Bank of Zimbabwe’s incoming governor Dr John Mangudya has his work cut out as expectations are high for him to restore the waning banking sector…
ZPC to float Byo, Munyati tenders
Martin Kadzere Harare Bureau The Zimbabwe Power Company will soon launch tenders for the upgrade of Bulawayo and Munyati power plants to speed up rehabilitation of the thermal stations. Munyati,…
Dairy industry needs $500m
Marvelous Moyo Gwanda Correspondent THE country’s dairy industry requires a capital injection of $500 million to boost milk production and meet local demand, Zimbabwe Association of Dairy Farmers chairman Craig…
Banks castigated
Albert Chavhunduka Harare Bureau Zanu-PF’s Department of Indigenisation and Economic Empowerment has castigated local banks for failing to disburse funds for youth programmes. At a media conference in Harare last…
ABCH profits soar
Sithandazile Moyo Business Reporter Regional banking group — ABC Holdings’ attributable profit for the year ended December 31 2013 spiked 49 percent to BWP 198 million from BWP 133 million…
Astro launches mobile app
Sithandazile Moyo Business Reporter Information communication technology company, Bethel Communications operating as Astro Mobile has introduced a mobile application called Mobi Store. Astro media consultant Kevin Nyakotyo said the new…
Facebook takes $2bn dive into virtual reality
SAN FRANCISCO — Facebook on Tuesday announced a $2-billion deal to buy a startup behind virtual reality headgear that promises to let people truly dive into their friends’ lives. Facebook…
Zim woos Chinese firm to invest in mega power project
Harare Bureau ZIMBABWE is courting China Power Investment Corporation (CPIC) to invest in the $2,2 billion Sengwa Thermal Power Station in Gokwe, Finance Minister Patrick Chinamasa has said. “We have…
Platinum firms say stricken workers seek strike end
Johannesburg — Workers striking at the South African operations of the world’s largest platinum producers want to report for duty almost nine weeks after the biggest union called a stoppage…