BUSINESS NEWS

Power cuts cripple informal sector

THE incessant power cuts being experienced across the country have hit the informal sector hardest with players now spending long hours or days without production. The power utility, Zesa, is implemen...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Mnangagwa's govt commends Chinese tiles firm

Government has commended the work done by a Chinese-owned tiles manufacturing company, Sunny Yi Feng based in Norton, which has already started exporting some of its products. The company began produc...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

Mthuli Ncube's quotes on currency reforms . . .

"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...

By Lisa Tazviinga | Published: 01 July 2019

BUSINESS NEWS

Govt 300% fee hike irks industry

The government would to increase statutory fees for the mining sector by almost 300% in a move that has raised the ire of mining representative bodies.Application fees for platinum and chrome (ordinar...

By Staff reporter | Published: 05 May 2019

BUSINESS NEWS

Industry embraces Cabinet’s forex decision

INDUSTRIALISTS have embraced Cabinet's decision to craft measures that would see manufacturers being allocated foreign currency to procure key raw materials to reduce the cost of production and conseq...

By Staff reporter | Published: 05 May 2019

BUSINESS NEWS

Sanitary wear firm sets up shop in Bulawayo

A CHINESE owned company, Tiens International Group, plans to open a new sanitary wear plant in Bulawayo, whose products they claim have reproductive system healing qualities.  The firm participat...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Zimbabwe to float infrastructure bond

Government will float an infrastructure bond and turn to private-public partnership (PPPs) to raise funding amid revelation that at least US$14bn is required to rehabilitate Zimbabwe's infrastructure....

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Fairfax dismembers BancABC parent

KENYA'S leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa-focused banking group Atlas Mara to acquire...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Zimbabwe to host inaugural wine-tasting semi finals

Zimbabwe will this month host the inaugural Wines of South Africa (WoSA) Sommelier Cup Zimbabwe semi-finals in Victoria Falls, with the winner set to represent the country at the fourth grande finale ...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

'Price hikes reflect anti-export policy'

THE Confederation of Zimbabwe Industries (CZI) says price hikes currently obtaining in the country are a reflection of government's anti-export policies and not the fault of industry.CZI president Sif...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

Seed Co issues fake seeds warning

REGIONAL seed producer, Seed Co, has warned against buying uncertified seed, saying it has poor germination rate and results in low yields. Seed Co southern region manager, Mr Charles Munyoro, said fa...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

More Japanese firms for Zimbabwe

MORE Japanese are set to invest in Zimbabwe in response to the on-going economic reform process with Tokyo and Harare pushing for improved bilateral relations. Japanese Ambassador to Zimbabwe Mr Toshi...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

IDBZ to bankroll Mat South irrigation scheme

AT least 450 hectares of farm-land in Mangwe District, Matabeleland South Province will be opened up under a planned irrigation scheme to enhance the country's food security while some of the produce ...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

'Private sector frustrates interbank system'

INDUSTRY and Commerce Minister Mangaliso Ndlovu has blamed the private sector for frustrating the success of the interbank foreign currency market by shifting goal posts and blaming Government for the...

By Staff reporter | Published: 30 April 2019

BUSINESS NEWS

12 companies worth $1,8bn licensed for SEZs

Twelve private companies that have cumulative investment portfolios worth more than $1,8 billion have been licensed to operate ventures ranging from mining to beverage manufacturing in specially desig...

By Staff reporter | Published: 28 April 2019

BUSINESS NEWS

Corporate 24 Medical Aid launches new package

CORPORATE 24 Medical Aid has launched a new package meant for low-income earners called Ndine Plan.The medical aid package has three plans - Gold, Standard and Lite - which are meant for different seg...

By Staff reporter | Published: 27 April 2019

BUSINESS NEWS

Old Mutual to invest in Mhondoro

Diversified financial services group, Old Mutual Zimbabwe, is set to construct a state-of-the-art regional hospital and an industrial park at Turf, Mhondoro-Ngezi, after getting 27 hectares from the l...

By Staff reporter | Published: 26 April 2019

BUSINESS NEWS

Industry sweats over drop in aggregate demand

MANUFACTURING industries have expressed concern over the recent drop in aggregate demand saying this has a knock-on effect on production levels and investment by local companies.The captains of indust...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Cassava ventures into trucking business

LISTED technology solutions firm, Cassava Smartech Zimbabwe, yesterday launched the Vaya logistics unit, an additional entity that deals with delivery trucks and van services under its Vaya division.T...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Plunging economy hammers business

Zimbabwe's shrinking economy- compounded by skyrocketing inflation, the escalating cost of doing business and surging parallel foreign exchange rates is worsening the plight of commerce and industry i...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

REA launches master plan for rural electrification

THE Rural Electrification Agency (REA) has come up with a master plan for the electrification of rural areas guided by a geographic information system (GIS) to avoid wasting resources.The master plan ...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Zesa re-bundling part of parastatals reforms, says Chiwenga

THE re-bundling of Zesa and merger of its five previously separate entities into a single integrated company will cut overhead costs and boost power generation efficiency, Vice President Constantino C...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Mthuli Ncube laments indisciplined speculation

FINANCE and Economic Development Minister, Professor Mthuli Ncube, says the wave of price increases being experienced on the market and the wild parallel market exchange rates have no economic justifi...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Fuel prices up again

DESPITE government castigating business for over-pricing, there is likely to be no respite for the embattled consumer anytime soon as the price of fuel continues to go up, almost on a weekly basis.A s...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

China's Tsingshan expands plans for Zimbabwe steel plant

China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday.Presi...

By Reuters | Published: 24 April 2019
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