adminMwana Africa valuation upgraded
Golden Sibanda Senior Business Reporter Investment intelligence company, Edison Independent Investment Research, has upgraded its valuation of Mwana Africa on the back of better production at units Freda Rebecca and…
Hwange denies retrenchment claims
Chief Court Reporter Hwange Colliery Company Limited has denied that it retrenched its workforce that took the company for arbitration seeking to recover severance packages amounting to more than $1,2…
Govt forms new exploration company
The newly formed Government exploration company, The Mining Promotion Corporation, has been mandated to find new mineral deposits which the Government can use as security for fresh lines of credit,…
Cotton production to increase
Martin Kadzere Senior Business Reporter ZIMBABWE’S cotton production is estimated to increase by 31 percent this year due to the good rains received in most parts of the country, the…
Recession fears for Zim economy
ZIMBABWE’s economy may slip into recession by 2015 if there are no fundamental policy shifts, according to Reserve Bank of Zimbabwe (RBZ) deputy governor Dr Kupukile Mlambo. Dr Mlambo said…
RioZim floats mining tender
Business Reporter RioZim Limited has floated a tender, seeking bids for contract mining at its Cam and Motor gold mine in Kadoma. “Tenders are invited from suitable and interested bidders…
Mutare to host business forum
Business Reporter The Golden Peacocke in Mutare is hosting a business breakfast meeting tomorrow to create a platform for networking for different stakeholders. The meeting will be running under the…
Virginia tobacco sales top $400m mark
Walter Muchinguri Assistant Business Editor Virginia tobacco sales have topped the $400 million mark with at least $420,6 million having been sold so far under both the auction and contract…
Gold rises as tension simmers in Ukraine
LONDON — Gold rose above $1 290 an ounce yesterday as simmering tension in Ukraine and a weaker dollar lent support, but a lack of investment following expectations for strengthening…
SMEs’ contribution to GDP increases
Zimbabwe’s informal sector’s contribution to the country’s Gross Domestic Product is expected to increase in the outlook period, according to estimates by the Zimbabwe National Statistics Agency. Speaking at a…