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Stories

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Posted inStories

Mnangagwa tells MP Mugabe is healthier than you

Vice-President Emmerson Mnangagwa yesterday told Chitungwiza North Member of Parliament Godfrey Sithole that President Robert Mugabe was healthier than him. Sithole had asked the Vice-President the state of health of…
Posted by Charles Rukuni November 19, 2015
Posted inStories

National Foods to spend $10 million on capital expansion next year

Agro-processing firm, National Foods Holdings, is expecting to spend nearly $10 million in the 2016 financial year with the bulk of the funds going towards plants upgrade, a senior company…
Posted by Charles Rukuni November 19, 2015
Posted inStories

Cafca pushes volumes but profit down

Cable manufacturer Cafca today reported a 15 percent decline in net profit to $1.7 million in the full year to September as the company sacrificed margins to push local sales…
Posted by Charles Rukuni November 19, 2015
Posted inStories

Metallon to miss gold output target because of power cuts

Zimbabwe’s largest gold producer Metallon Gold says it is unlikely to meet its full year target of 150 000 ounces as production at its mines has been severely affected by…
Posted by Charles Rukuni November 19, 2015
Posted inStories

Government measures fail to stem imports

Government has failed to stem the tide of imports despite a raft of measures to restrict the flow of foreign goods, leaving local industry on the brink, the Confederation of…
Posted by Charles Rukuni November 18, 2015
Posted inStories

VimpelCom sells Telecel stake to government for $40 million

Amsterdam-headquartered telecoms giant VimpelCom today announced that it had agreed to sell its controlling stake in Telecel Zimbabwe to the government of Zimbabwe for $40 million. VimpelCom, which owns 60…
Posted by Charles Rukuni November 18, 2015
Posted inStories

ZNCC urges review of Free trade agreements

Zimbabwe needs to review its free trade agreements with regional countries and enforce rules of origin regulations for imports as part of efforts to protect local companies, an industry body…
Posted by Charles Rukuni November 18, 2015
Posted inStories

Asa’s Fred Rebecca gold production up 6 percent

Asa Resource Group, formerly Mwana Africa, yesterday said its 85 percent owned Freda Rebecca mine recorded a 6.4 percent increase in gold production to 18 067 ounces in the quarter…
Posted by Charles Rukuni November 18, 2015
Posted inStories

Brainworks makes mandatory offer to buy out Dawn minorities

Local private equity firm Brainworks Capital Management has made a mandatory offer to compulsorily buy out minority shareholders in Dawn Properties to complete its takeover of the Zimbabwe Stock Exchange-listed…
Posted by Charles Rukuni November 17, 2015
Posted inStories

France’s Eutelsat to help build Zimbabwe’s digital television capacity

Zimbabwe has signed a three-year contract with French-based satellite provider Eutelsat Communications to help build the country’s digital terrestrial television (DTT) capacity, with the system expected to launch in the…
Posted by Charles Rukuni November 17, 2015

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