Hwange MD resigns

Tawanda Musarurwa HARARE – Suspended Hwange Colliery Company Limited (HCCL) managing director, Engineer Thomas Makore has resigned.

It’s time to make money — ED

The following interview with President Emmerson Mnangagwa was done by The Africa Report journalists Patrick Smith and Nicholas Norbrook in Abidjan recently when the President attended the Africa CEOs forum.…

Fuel price poser for industry

Africa Moyo Government says manufacturers should continuously review their production costs so as to remain competitive, both locally and globally.

Zimplow Q1 performance ahead of last year

Enacy Mapakame Business Writer Agriculture and mining implements manufacturer, Zimplow’s revenue for the four months to April 2018 increased by 25 percent over the same period last year, driven by…

OK reports record revenues

Kudzanai Sharara A combination of factors saw one of Zimbabwe’s retail giants, OK Zimbabwe, report its best financial performance since dollarisation with both revenue and profit reaching record levels.

‘Illicit cigarettes threaten local industry’

Kudzanai Sharara The rising volume of illicit cigarettes in Zimbabwe poses a potentially significant threat to the local industry and Government coffers if it is not curbed, British American Tobacco…

CBZ’s diversification strategy pays off

Tawanda Musarurwa Zimbabwe’s largest financial institution, CBZ Holdings’ seems to be hitting all the right notes with its diversified financial services as first quarter numbers reflect have risen significantly.

RioZim to sell majority stake in Sengwa plant . . . Five prospective investors lined up . . . Three investors interviewed

Golden Sibanda Riozim Limited intends to sell majority shareholding to an investor who wins its tender to construct an ambitious long-standing $1,2 billion thermal power station in Sengwa, Gokwe North,…

Three shortlisted for $294m Kariba spillway rehabilitation

Business Writer The Zambezi River Authority (ZRA) has shortlisted three prequalified companies for a $294-million rehabilitation of Kariba Dam spillway to secure safe and controlled release of water from the…

No power shortage fears . . . as investors circle Zimbabwe

Africa Moyo As the country becomes a magnet for billionaire global investors riding on President Emmerson Mnangagwa’s ‘Zimbabwe is open for business mantra’, fresh concerns have emerged over the availability…

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