Zimbabwe Economic News: Tourism rakes in 700m USD, Macsteel Holdings re-opening branch, Zimplats reports 65m USD profit, EgyptAir seeks Air Zim partnership

Tourism Industry Rakes in $700 mln

The tourism industry has raked in between $700 mln and $800 mln so far this year, Zimbabwe Tourism Authority chief executive Karikoga Kaseke has said adding the money was derived from expenditure of tourists who visited the country since the beginning of the year. He said this ahead of the Zimbabwe International Carnival that begins on May 21 and end on May 26 and is going to be co-hosted by the ZTA in collaboration with the Zimbabwe Agricultural Society - Herald, Wednesday May 1

Macsteel Holdings to Reopen Zim Branch

Leading South African steel manufacturer Macsteel Holdings says it is considering re-opening its branch in Zimbabwe which closed due to viability challenges in 2011. MacSteel Holdings, along with its subsidiaries, specialises in the processing, marketing, distribution, warehousing and movement of carbon and stainless steels in South Africa and internationally - Herald, Thursday May 2

Zimplats Posts $65 mln Profit

Zimplats recorded an operating profit of $65 mln for the quarter ended March 31, 2013, representing a 26% increase over the same period last year. Revenue for the period under review was also higher by 32%, compared with the prior period, while operating costs were up 36 percent from last year. Production from mining activities was up 7% from prior period while it went up 3% from December last year and this was primarily driven by improved equipment availability - Herald, Thursday May 2

EgyptAir Seeks AirZim Partnership

EgyptAir, which is returning to Zimbabwean skies in June after a 9-year absence, plans to partner struggling national airline Air Zimbabwe. Hamdy Elghaffar, EgyptAir country general manager, said they have proposed to lease their planes to Air Zimbabwe - Daily News, Thursday May 2

40 Zim Firms to Attend Tourism Indaba in SA

Nearly 40 Zimbabwean companies are expected to participate at this year'sm edition of the Tourism Indaba in South Africa. The annual tourism fair will be held from May 11 to 14 at the Inkosi Albert Luthuli International Convention Centre in Durban - Daily News, Wednesday May 1

Harare City Gets New Bins

Harare City Council will soon issue out colour-coded bins that will allow residents to separate waste at source as it intensifies efforts to promote the recycling of waste at the domestic level. This emerged following the launch of colour-coded trash bins by the Proudly Zimbabwean Foundation under a new anti-littering campaign initiative. The event was jointly organised by PZF, Environment Africa, Plastix Incorporated and other stakeholders - Herald, Wednesday May 1