United Refineries to invest $30 million in soya bean production
AGRO-PROCESSING concern United Refineries Limited (URL), together with its partners, says it will invest about $30 million in soyabean outgrowers’ project with a target to satisfy its demand for the...
View ArticleZimpapers Gives to Tsholotsho Kid Helping Hand
Minor surgeries and tests in preparation for a major operation on a 10-year-old child from Tsholotsho, who has both female and male sexual organs, have started, with Zimpapers yesterday donating $1...
View ArticleAuthentication of title in Zim: Key for prudent property investor introduction
Immovable property, such as houses and residential stands, is popular means of investment in Zimbabwe. Due to our country’s economic challenges and prevailing cash shortages, many prudent investors use...
View Article‘Cassava Smartech Initiative Way to Go’
By Michael Tome Lands, Agriculture, Water, Climate and Rural Resettlement Ministry says it highly upholds technological innovations that seek to develop agriculture productivity. This follows advances...
View ArticleOil prices down on Iran sanction exemptions
LONDON. — Oil prices fell on Tuesday after Washington granted sanctions exemptions to top buyers of Iranian oil, lifting supply concerns and turning the market’s focus to worries that an economic...
View Article‘Zimbabwe could be gateway to investment’
Business Reporter Zimbabwe could be the gateway to investment into Africa through establishment of an Offshore Investment Centre with strong links to the local one-stop investment shop for processing...
View ArticleZim on course to record gold delivery
Ishemunyoro Chingwere Business Reporter Zimbabwe is on course to achieving record breaking gold deliveries this year with the set target of 34 tonnes for the year expected to be surpassed. Speaking...
View ArticleTrade deficit narrows to $127m
Golden Sibanda Senior Business Reporter Zimbabwe’s negative trade balance narrowed markedly in August this year, falling 42 percent to $127,2 million on the back of strong growth in exports, the...
View ArticleEconet Media Clears Air On Kwese
By Fidelis Munyoro KWESE parent company, Econet Media (Mauritius), say it has nothing to do with the Supreme Court ruling against Dr Dish over the distribution of its content through Kwese TV to...
View ArticleZimra suspends two senior staff
Africa Moyo and Martin Kadzere The Zimbabwe Revenue Authority (Zimra) has suspended two senior officials in connection with the recent alleged attempt by some employees to siphon $2,3 million from the...
View ArticleGovt to announce diamond policy
MINES minister Winston Chitando says he expects to announce a diamond policy later this month, which will also regularise the operations of the State-owned Zimbabwe Consolidated Diamond Company (ZCDC)....
View ArticleForex shortages hinder start-up
In 2006, Bike and Boat Bar (BBB), a Bulawayo company, started manufacturing motor cycles, a first for the country and the region. Soon after, however, the economy tanked as hyperinflation rendered the...
View ArticleSmall-scale miners push gold output to top 30 tonnes in 10 months
ZIMBABWE’S gold production topped 30 tonnes for the 10 months to October, with 34 tonnes expected in the full year, anchored by small-scale miners. The previous high was 27,1 tonnes produced in 1999....
View ArticleZcdc Mulls Roping in Artisanal Miners
By Rumbidzayi Zinyuke Zimbabwe Consolidated Diamond Company (ZCDC) is considering ring-fencing its alluvial fields to allow local villagers to embark on organised artisanal mining where they sell the...
View ArticleZCDC ploughs $7m into community
Africa Moyo Senior Business Reporter The Zimbabwe Consolidated Diamond Company (ZCDC) has extracted 2,4 million carats (almost 0,5 tonne) in the first 10 months to October — and ploughed over $7...
View ArticleIMF team arrives for consultations
Business Reporter An International Monetary Fund (IMF) team arrived in the country yesterday for the annual Article IV consultations – with discussions likely to focus on the country’s monetary and...
View ArticleNo price controls: Govt
Enacy Mapakame Government says it will not impose any price controls on the market, but will play a mediation role between stakeholders while ensuring food security, a senior official has said. This...
View ArticleMoney supply growth slows
Golden Sibanda Senior Business Reporter Zimbabwe’s annual broad money supply (various forms of money) increased by just 1,18 percent in August to give a 38 percent rise for the year to August 2018...
View ArticleCourt Told How Chivayo Squandered U.S.$5 Million Zimbabwe Power Company Cash
Details emerged before a Harare court Wednesday on how controversial businessman Wicknell Chivayo allegedly squandered a US$5m advance payment by the Zimbabwe Power Company (ZPC). The youthful tycoon...
View ArticleDithers On Economic Breakthrough Offer
By Savious Kwinika Johannesburg — Zimbabweans outside the country have urged the government to accept an offer from a South African-based company to help resolve shortages of some basic commodities in...
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