ZIMBABWEANS have continued to dominate the continent on condom use, with a staggering 115 million condoms distributed countrywide last year.Stakeholders in the health sector said the sharp increase in the uptake of condoms could have contributed to the steady decline in the HIV prevalence rate, which has dropped by 30% since 2009.In 2014, the National Spending Assessment (Nasa) validation report e

South Africa's rand edged weaker against the dollar on Monday as further signs of economic weakness in China and a fall in oil prices kept investors on guard, but traded below the psychological level of 16.00.Stocks climbed, with the blue chip Top 40 up 0.30 percent and the broader All Share index up at the same margin.The rand edged down 0.16 percent to 15.9100 per dollar by 0900 GMT, compared wi

A NEW diamond , Kenako Diamond Processing, has been set up to clean the country's gems and make them more presentable on the international market.The company was licensed last September and is currently housed at Minerals Marketing Corporation of Zimbabwe (MMCZ) offices in Harare.The company's managing director Barbara Mutambanengwe revealed to a local publication that the country's diamonds have

    Tobacco is one of the biggest contributors to economic growth and any restrictions or ban on the golden leaf will have serious implications on the economy, the Tobacco Industry and Marketing Board (TIMB) has said.   Last year, tobacco worth $855 million was exported from Zimbabwe with China getting 41% of the total exports.   TIMB chief executive officer Andrew

Boeing won a hotly contested United Airlines order for 40 of the aircraft maker’s smallest jetliners, thwarting Bombardier’s bid for its struggling C Series model. The new Boeing 737-700 planes will enter service in mid-2017 as the airline cuts its use of cramped regional jets, United Continental Holdings said in a statement Thursday. The order would be valued at $3.22 billion based on li

DELTA Corporation's revenue for the nine months to September 2015 decreased by seven percent weighed down by falling volumes across the beverage maker's major product lines. Delta, manufacturer of Castle, Zambezi, Pilsner and Lion lagers said that it will continue to implement strategies to maintain customers. "Group revenue is down five percent for the quarter and seven percent for the nine

Oil prices have hit their lowest trading since 2003 yesterday as the market braced for additional Iranian exports after the lifting of sanctions against the country over the weekend. The US and European Union on Saturday revoked sanctions that had cut Iran's oil exports by about 2 million barrels per day since their pre-sanctions 2011 peak to little more than 1 million barrels per day. Iran,

Capri, Innscor Africa appliance manufacturing division said on Friday it is targeting to increase exports of refrigerators to include all countries in the Southern African region. Capri exports refrigerators to Zambia and Malawi.   Capri marketing manager Antonio Simoes said that though the company enjoyed servicing the local market, it was also eyeing expansion into the region. "Give

Pure Drop cooking oil manufacturer, Surface Willmar, has rolled out a $15 million investment package towards setting up a refinery, bottling facilities and an upgrade of storage facilities. Surface Wilmar chief executive Sylvester Mangani said they have plans to become the worlds biggest manufacture. "We are already topping $15 million for expansion of three projects and these projects inclu

The Agricultural and Rural Development Authority (ARDA) has embark on a project to  identify farmers throughout the country with irrigable land to be linked with investors who will provide financial assistance to produce certain crops as part of efforts to increase production, an official said on Wednesday. ARDA board chairperson, Basil Nyabadza said the authority had since launche

Flue-cured tobacco for the 2015-16 summer cropping season hectrage has declined by 20 percent, the Tobacco Industry and Marketing Board has said. A decline in tobacco production is expected this season due to the drought, while other farmers reduced hectarages because of low prices offered by buyers last year. TIMB statistics show that an estimated 89 559ha have been planted this season, a d

Tourism operators have received a grant from government that will allow them to import capital goods for expansion and modernisation as part of deliberate efforts to ensure the growth of the sector. The grant comes in the form of a rebate in customs for tourism and hospitality companies. This was contained in a Statutory Instrument of a Government Gazette published last Friday by Finance and

THE Reserve Bank of Zimbabwe (RBZ) has reported an increase in money supply to 7,5% for the month of November on the back of improved confidence in the banking sector.   The RBZ’s monthly economic review report for November shows the money supply increased to $4,74 billion in November from $4,6 billion in October on a month-on-month basis.   “Annual growth in money supply surge

BEVERAGE maker Delta Corporation says second quarter lager beer volumes fell 29 percent below the same period last year, pushing half-year revenue 4 percent lower and reflecting weakening consumer demand as the economy remains depressed.Zimbabwe, in July, slashed its 2014 growth forecast to 3.1 percent from 6.1 percent, due to lower output in mining and manufacturing and as more companies shut dow

TOURIST arrivals this year are seen taking a knock as a result of restricted international travel due to the Ebola virus outbreak in West Africa, the Zimbabwe Tourism Authority (ZTA) said on Wednesday.The ZTA last month said Zimbabwe had lost business worth $6 million since the outbreak of the highly contagious virus in March which has resulted in limited international travel.Some 30 foreign buyer