Bindura Nickel Corporation

Bindura Nickel Corp in the red

Senior Business Reporter BINDURA Nickel Corporation (BNC) is in the red after the group’s current liabilities exceeded current assets by $4,7 million according to the financial report for the year en...
coal-mining3

HCCL foresees surge in output

HWANGE Colliery Company Limited (HCCL) expects to boost underground coal production five-fold this month when it restarts operations after a two-year hiatus, a company official said.
Minister Prisca Mupfumira

‘Tourism prices must come down’

Prosper Ndlovu, Business Editor TOURISM and Hospitality Industry Minister, Prisca Mupfumira, says the pricing of tourism products in Zimbabwe needs to be reviewed downwards to enhance competitiveness...
nmb

NMB secures $15m for exporters

Business Reporter NMB Bank has secured a $15 million four-year line of credit facility towards supporting exporting businesses, the bank’s chief executive officer, Mr Ben Washaya, has said.
Lonmin Plc

Lonmin disposes 50% Petrozim stake

Oliver Kazunga, Senior Business Reporter SOUTH African focused platinum miner, Lonmin Plc has entered into an agreement to sell its 50 percent stake in PetroZim Line for $14,75 million to the Nationa...
Infrastructure Development Bank of Zimbabwe (IDBZ) new premises in Bulawayo

IDBZ opens new office in Byo

Oliver Kazunga, Senior Business Reporter THE Infrastructure Development Bank of Zimbabwe (IDBZ) yesterday officially commissioned its southern regional office in Bulawayo, positioning itself to adequ...