Exorbitant fees hinder small scale miners’ growth
SMALL scale miners have bemoaned the high mining fees that are hindering their growth and proposed their slashing by at least 20% across the board. In separate interviews on the … Read More
Category: Companies
Afreximbank, RBZ negotiate gold deal
Fidelity Printers Refinery is set to start processing gold from other African countries if negotiations between the African Export-Import Bank (Afreximbank) and the Reserve Bank of Zimbabwe on the issue … Read More
Zambezi Gas gets 25-year mining licence
(The Source) – Zambezi Gas has secured a full mining licence for 25 years and plans to increase coal production from the current 60,000 tonnes per month to 150,000 tonnes. … Read More
Asset manager Imara merges with Kura Capital
(The Source)- Regional asset manager Imara Holdings has merged with Mauritius-registered fund, Kura Capital Limited in a deal that will see the creation of a pan-African fund manager with over … Read More
Innscor grows FY profit 11pct to $34mln
(The Source) – Light manufacturing group, Innscor reported an 11 percent increase in net income to $33,69 million in the full-year to June, from $30,48 million in the prior year … Read More
EcoCash remodeled website now has increased utilities
No doubt that EcoCash has really grown and they have the stats to prove it. Techzim in June, wrote about the milestone growth of the EcoCash ecosystem, i.e. the merchants, … Read More
Cash shortage affects banking sector jobs
The switch to high-percentage electronic banking, fed by the prevailing cash shortage countrywide, is reportedly taking toll on job security in the banking sectors amid indications that several banks have … Read More
MonaChrome revival anchored on new investor
Chrome smelting company, MonaChrome Private Limited’s full scale revival, is now anchored on the payment of $4 million to its creditors by the new investor, NK Trading, after shareholders and … Read More
Reconstruction of Alaska Smelting Plant begins
Reconstruction of the Alaska Smelting Plant has started nearly two decades after the facility owned by the Zimbabwe Mining Development Corporation, stopped operations. Alaska was shut down at the turn … Read More
Illegal currency dealers counting losses
Some illegal currency dealers who stocked the US dollar over the weekend in anticipation of a monumental collapse of value of bond notes are beginning to count their losses as … Read More
