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AfDB avails $35 million for Zizabona power project
Leonard Ncube in Victoria Falls THE African Development Bank (AfDB) has injected $35 million towards implementation of the Zizabona power project. This comes at a time when implementers of the...
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New bakery mulls manufacturing plant in Byo
Proton Bakeries sales manager Mr Simba Bodzo addresses the media last Friday Kiyapili Sibanda, Business Reporter PROTON Bakeries plan to set up a manufacturing plant in Bulawayo as part of its long...
View ArticleNew cement plant begins production
Golden Sibanda Senior Business Reporter CHINESE company, Livetouch Investments, has commenced cement production at its 400 000 tonne a year capacity plant in Redcliff, near Kwekwe.Construction of the...
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Govt warns cotton merchants
Mrs Silibaziso Makovere, a farmer contracted by The Cotton Company of Zimbabwe works on her 3 ha cotton field in Vere area in Sanyati recently Martin Kadzere Senior Business Reporter PRIVATE cotton...
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Sadc needs comprehensive power strategy
Minister Undenge Conrad Mwanawashe Business Reporter Southern African requires a comprehensive energy strategy covering development of new generation plants and transmission projects to evacuate...
View ArticleSMEs pay 20pc of tax revenue — Zimra
Business Reporter Small to Medium enterprises now make up about 70 percent of registered taxpayers, contributing about 20 percent to tax revenue, according to the Zimbabwe Revenue Authority. Zimra...
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Listed companies shelve dividends
Mr John Moxon Business Editor SEVERAL companies listed on the Zimbabwe Stock Exchange (ZSE) failed to declare dividends in the year ended December 31, 2016 citing a difficult operating environment,...
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#Zimbabwe Entrepreneur Strive Masiyiwa discusses intersection of business,...
In 1993, Strive Masiyiwa had an idea for a mobile telephony company in Zimbabwe. The founder of a successful electrical contracting firm, Masiyiwa envisioned cellular communications as the next big...
View ArticleLet’s Not Shoot Ourselves in the Foot
EDITORIAL Zimbabwe’s economy is going through a rough patch, including shortage of the recently introduced bond notes and foreign currency, and any measures that disrupt a few streams that bring the...
View ArticleCash-Hoarding Firms Dragged to Court
By Fungai Lupande Three companies that deal in building materials have appeared in court accused of harvesting cash and not banking it. The three – Take and Tile (Pvt) Ltd trading as Bathroon Boutique,...
View ArticleTongaat-Govt Joint Venture to Create Over 10 000 Jobs
By Tawanda Mangoma Tongaat Hulett Zimbabwe (THZ) is geared to partner Government in the development of 25 000 hectares of sugar cane earmarked to be irrigated by water from Tokwe-Mukosi Dam, in a...
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New trade union registered
HARARE – A new trade union has been registered in Zimbabwe as workers representative bodies in the country continue to splitover policy differences and alleged failure to represent interests of their...
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Econet introduces affordable car tracking solution
HARARE – Econet Wireless Zimbabwe has launched Prestige Vehicle Management (PVM) – an affordable car tracking and monitoring solution that allows customers to easily track, and monitor their vehicles...
View ArticleFreda Rebecca, Workers in Wrangle
A wrangle has erupted between Asa Resources Plc and employees at its gold producing unit in Zimbabwe over management issues after Asa Resources (formerly Mwana Africa) rationalised and restructured...
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Zim economy grew 0,6pc in 2016: RBZ
HARARE – Zimbabwe’s economy grew by 0, 6 percent last year on the back of poor agricultural performance due to an El Nino-induced drought, latest statistics from the Reserve Bank of Zimbabwe (RBZ)...
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POTRAZ proposes $50k licence fee for MVNOs
HARARE – The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has proposed a full Mobile Virtual Network Operator licence fee of $50 000. This comes as the telecoms sector...
View ArticleA Look Into South Africa Credit Rating Downgrade
COLUMNBy Tinashe Kaduwo South African Finance minister Pravin Gordhan was sacked by President Jacob Zuma in a cabinet reshuffle and S&P Global cut Africa’s most advanced economy’s credit rating to...
View ArticleStop the Rot in Parastatals!
COLUMNBy Lloyd Gumbo Sometimes one wonders if corruption in Government institutions will ever end. And whether corporate governance will ever work in Zimbabwe. How about institutions that are in place...
View ArticleA Look Into South Africa Credit Rating Downgrade
COLUMNBy Tinashe Kaduwo South African Finance minister Pravin Gordhan was sacked by President Jacob Zuma in a cabinet reshuffle and S&P Global cut Africa’s most advanced economy’s credit rating to...
View ArticleZCTU Picks Judge to Draft Labour Bill
By Kudzai Kuwaza AS the fallout from government’s decision to handpick labour lawyer Rodgers Matsikidze to draft proposed amendments to the Labour Act continues, the Zimbabwe Congress of Trade Unions...
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