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Chibuku’s Fairbridge plant starts production

Delta Beverages’ customers in Matabeleland will for the first time today test products from the company’s new Chibuku plant in Fairbridge on the outskirts of Bulawayo.

By The Standard Jul. 25, 2015
Build your own power station, Chidhakwa tells complaining miners
Build your own power station, Chidhakwa tells complaining miners

BULAWAYO – Mines and Mining Development minister Walter Chidhakwa says mining companies in Zimbabwe should collaborate and build a power station to mitigate power shortages in the country.

By The Standard Jul. 22, 2015
Mine Entra roars into life

AT least 92% of the available space has been taken up as the regional Mining, Engineering and Transport (Mine Entra) exhibition roars into life in Bulawayo today.

By The Standard Jul. 22, 2015
Resuscitate the economy, stop devoting on politics: expert

BUSINESS people in Zimbabwe should focus more in the areas of expertise to resuscitate the economy instead of devoting more attention on politics, an expert has said.

By The Standard Jul. 21, 2015
Caledonia revises Blanket mine expansion

ONTARIO – Caledonia Mining has reworked the preliminary economic assessment for the expansion of operations at its Blanket mine in Matabeleland South, after the Ontario Securities Commission asked it to consider expansion below the 750 metre level as a standalone project.

By The Standard Jul. 17, 2015
CSC loses more property

BULAWAYO – Property worth millions of dollars belonging to the state-owned meat processor, Cold Storage Company (CSC) is set to go under the hammer today over unpaid debt to the Bulawayo City Council.

By The Standard Jul. 17, 2015
Zimbabwe 2015 tobacco sales down 8.5%

Zimbabwe’s tobacco sales have dropped 8.5% to 188.5 million kgs this year after drought in southern Africa affected production of the country’s top export earner, an official said on Thursday.

By The Standard Jul. 16, 2015
Zimbabwe’s Quest Motors signs deals to assemble Japanese vehicles in Q4

MUTARE – Mutare-based vehicle assembler, Quest Motors says it will start producing Japanese models in the fourth quarter of this year after signing franchise agreements with the manufacturers.

By The Standard Jul. 14, 2015
Govt to buy Telecel

Government is set to buy the entire shareholding of Telecel Zimbabwe, the country’s third largest mobile operator, as it moves to increase its influence in the telecommunications sector.

By The Standard Jul. 14, 2015
Solar fair opens in Bulawayo

More than 4 000 people are expected to attend the solar fair to be held in Bulawayo on Saturday, an official has said.

By The Standard Jul. 10, 2015
NRZ reports $49 million loss, says future uncertain

State-owned National Railways of Zimbabwe (NRZ) says it narrowed its losses in the full-year to December 2013 by 7% to $49 million but poor business and failure to recapitalise have left the parastatal facing a bleak future.

By The Standard Jul. 9, 2015
CSOs scrutinise MDGs, ZimAsset

Civil society organisations in Zimbabwe are holding a two-day conference in Bulawayo aimed at assessing the progress of millennium development goals as well as discussing Zimbabwe’s economic blueprint, ZimAsset.

By The Standard Jul. 9, 2015
Premier African to make first shipment from Mat North mine next week

Premier African Minerals shares added over 6% as the company revealed it expects shipments from its RHA tungsten operation in Matabeleland North to start from July 17.

By The Standard Jul. 8, 2015
Zim exports of vegetables to EU grow 269%

BULAWAYO — Zimbabwe’s exports of fresh leguminous vegetables (peas and beans) to the European Union (EU) increased by 269% over the past five years, an indication that the bloc is one of the country’s major export destinations, latest data has shown.

By The Standard Jul. 7, 2015
Bata workers down tools

BATA Shoe Company workers yesterday went on strike to protest the non-payment of their allowances by the shoe manufacturer.

By The Standard Jul. 4, 2015
Banks are safe, says RBZ

Zimbabwe’s central bank says the financial services sector is now safe and sound after hitherto weaker Metbank boosted its capital position to $31 million from $24,6 as at December, surpassing minimum capital requirements.

By The Standard Jul. 3, 2015
Zimbabwe stock market cap sheds $500 mln in H1, foreigners exit

The market capitalisation for Zimbabwe’s Stock Exchange (ZSE) fell 11% to $4 billion in the first half of this year as foreign investors sold shares and the economy stagnated, data from the bourse showed on Thursday.

By The Standard Jul. 2, 2015
Rand weakening against US dollar knocks PPC Zim exports

PPC Zimbabwe says exports to neighboring countries in the first half of the year took a knock due to the weakening of the South African rand against the US dollar.

By The Standard Jun. 24, 2015
Hwange eyes regional markets, profitability in Q3

HWANGE – Zimbabwe’s oldest coal miner Hwange Colliery Company, which has slipped into second place in terms of production, says it will embark on an aggressive drive to grow its market in the region and expects to return to profitability in the third quarter.

By The Standard Jun. 22, 2015
Hwange to sell coal to South Africa

Hwange Colliery plans to export 50 000 metric tonnes of coal to neighbouring South Africa this year and its gauging interest from buyers in Europe and Asia, the head of the company said.

By The Standard Jun. 20, 2015
Blanket Mine moves to increase gold output

Zimbabwe-focused Caledonia Mining has reached certain important milestones as part of efforts to increase production at its 49%-owned Blanket mine to 80 000 oz/y by 2021.

By The Standard Jun. 19, 2015
CZI Mat’land chapter elects board

The Confederation of Zimbabwe Industries (CZI) Matabeleland Chamber has elected Walter Chigwada of Zimplow as new president following the elevation of Busisa Moyo to the national president post recently.

By The Standard Jun. 18, 2015
SA Reserve Bank clears EcoCash Zimbabwe transfers

The South African Reserve Bank (SARB) has given Econet Wireless the go-ahead to begin cross-border mobile money remittances to Zimbabwe.

By The Standard Jun. 15, 2015
Lafarge’s $7mln quarry investment beginning to bear fruit, production costs down

Cement maker Lafarge says a capital injection of $7 million in quarry rehabilitation and maintenance last year is starting to bear fruit, reducing production costs by $7 per tonne and offsetting the failure of the company’s export endeavours.

By The Standard Jun. 8, 2015
GSC recruits 2015 shapers in Bulawayo

GLOBAL Shapers Community Bulawayo Hub (GSC Byo), an initiative of the World Economic Forum, has started recruiting shapers for 2015 in Bulawayo as the forum moves to launch a hub in every major city in the world.

By The Standard May. 30, 2015
Mat North tungsten mine construction remains on track

Progress in the construction of the RHA Tungsten project, in Zimbabwe, was progressing on schedule, multicommodity resource and development company Premier African Minerals reiterated on Tuesday.

By The Standard and Newsday May. 26, 2015
CSC making $6m losses annually

STATE-OWNED meat processor Cold Storage Company (CSC) has been making a loss of $6 million every year over the past 10 years, an official said on Wednesday.

By The Standard and Newsday May. 21, 2015
World Bank officials visit Bulawayo, Midlands

Senior World Bank officials are visiting Zimbabwe to have a first-hand appreciation of the challenges facing the country.

By The Standard and Newsday May. 20, 2015