Rand falls
South Africa’s rand extended its losses against the dollar yesterday, with the greenback edging higher as US. Treasury yields, the subject of much attention and concern, stabilised. At 0645 GMT, the...
View ArticleSEED Co donates 60 tonnes of maize meal to Cyclone Idai survivors
Africa Moyo Senior Business Reporter SEED Co Zimbabwe has donated 60 tonnes of maize meal to victims of the devastating Cyclone Idai in Manicaland and Masvingo, while its subsidiary Quton chipped in...
View ArticleOil prices mixed
Oil prices were mixed yesterday, with Brent extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand. Brent added...
View ArticleFidelity resumes training for small-scale miners
Ishe Chingwere Business Reporter State gold buying entity Fidelity Printers and Refineries will next month resume small-scale miners’ training programme that is aimed at equipping them with key...
View ArticleSeed Co launches new maize seed varieties
Kumbirai Tarusarira Pan Africa seed company, Seed Co, this week launched climate-smart high yielding and stable hybrid maize varieties that are expected to yield much more than currently available...
View ArticleInterbank market fails to rescue Olivine
BY TATIRA ZWINOIRA OLIVINE Industries says it is still struggling to access foreign currency despite the advent of the interbank market, saying the platform was “negligible” in sourcing the elusive...
View ArticleUS$45m traded over past 3 weeks: Mangudya
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says US$45 million has been traded over the past three weeks of the interbank forex market, a 25% increase in the average weekly trades...
View ArticleCall to accelerate air connectivity
Ishemunyoro Chingwere Business Reporter The International Civil Aviation Organisation (ICAO) and World Tourism Organisation (UNWTO) have called on the acceleration of African air connectivity and...
View ArticleRand slides
South Africa’s rand extended its fall yesterday, tracking a beleaguered Turkish lira, ahead of a sovereign ratings decision by Moody’s. At 0630 GMT, the rand was 0.19 percent weaker at 14,6325 to a...
View ArticlePalladium falls
Palladium fell further yesterday, a day after the metal posted its biggest drop in more than two years on technical selling and profit-booking. Gold prices, meanwhile, edged higher as an inversion in...
View ArticleTRB targets drought-resistant tobacco varieties
THE Tobacco Research Board (TRB) has announced plans to develop drought-resistant tobacco varieties to mitigate effects of climate change, characterised by longer dry spells. In its 2017/18 annual...
View ArticleZTA gives operators ultimatum
THE Zimbabwe Tourism Authority (ZTA) has given unregistered tourist operators up to Sunday to have their facilities registered or face closure. In a statement, ZTA said all facilities who register or...
View ArticleSeed Co Launches New Maize Seed Varieties
Pan Africa seed company, Seed Co, this week launched climate-smart high yielding and stable hybrid maize varieties that are expected to yield much more than currently available products within...
View ArticleEdgars posts 114% jump in after-tax profit
EDGARS Stores Limited posted a 114% increase in after-tax profit to US$8,5 million in the year ended January 6, 2019 due to improved margins in the last quarter of the period. “Profit for the period...
View ArticleDairibord to exit Malawi in June
LISTED milk processor, Dairibord Holdings Limited Zimbabwe (DHL) says it expects to exit Malawi in June this year and is in talks with potential investors to buy its equity in the subsidiary. DHL...
View ArticleNzenza Urges Industry to Uphold Safety Precautions
Industry must uphold safety precautions to minimise fatalities in workplaces as occupational accidents are detrimental to productivity, Public Service, Labour and Social Welfare Minister Sekai Nzenza...
View ArticleSeed Co Donates 60 Tonnes of Maize Meal to Cyclone Idai Survivors
SEED Co Zimbabwe has donated 60 tonnes of maize meal to victims of the devastating Cyclone Idai in Manicaland and Masvingo, while its subsidiary Quton chipped in with cooking oil, blankets, matemba...
View ArticleSolar Buses for Harare
A Chinese company, China Nanchang Engineering, has approached Harare City Council with a deal to supply 600 green energy (solar-powered) buses and additional fixed and working capital to service...
View ArticleZim’s Slow Paced Economic Recovery Not Matching Citizen Desperation, Says...
Consumer Council of Zimbabwe (CCZ) executive director, Rosemary Siachitema has expressed concern over government’s “slow” attempts to remedy a harsh economic crisis that has brought massive...
View ArticleFalse Start for Chivayo Trial
The trial of businessman Wicknell Chivayo who allegedly transferred $10 000 into former Zimbabwe Power Company chairperson Stanley Kazhanje’s bank account, ostensibly to influence him not to cancel a...
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