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Ex-Lobels boss joins Innscor

HARARE – Former Lobels chief executive — Ngoni Mazango — has joined rivals Innscor Africa Limited (Innscor) as chief operating officer for…

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Murowa to resume operations

HARARE – Murowa Diamonds (Murowa) is expected to resume full scale mining operations in a few weeks’ time after it has finalised…

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Govt firms owe $2,2bn

HARARE – Zimbabwe’s cash-strapped parastatals and town councils are currently saddled with unsecured debts amounting to $2,2 billion owed to various service…

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Delta plans $50m capex

HARARE – Beverages manufacturer Delta Corporation, (Delta), plans to spend nearly $50 million in capital projects aimed at buttressing its operating capacity….

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Zim deflationary pressures persist

HARARE – Deflationary pressures in Zimbabwe continue to persist with the country’s annual inflation shedding 1,45 percentage points to -2,65 percent in…

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Fastjet sets base in Zim

HARARE – London Stock Exchange-listed low-cost airline Fastjet has embarked on a recruitment drive as the company moves to establish operations in…

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Tobacco sales reach $315m

HARARE – Zimbabwe tobacco farmers have so far earned $315 million from the sale of 112 million kilogrammes (kg) of the golden…

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Zim relaxes gold buying requirements

HARARE – Zimbabwe’s sole gold buyer, Fidelity Printers and Refiners (Fidelity), has reduced its minimum acceptance threshold for gold from licensed small-scale…

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