Home / Business

Business

Govt fuels gold sector chaos

Government is fuelling corruption tendencies in the gold mining sector by failing to give miners the value of their product, Finance and Economic Development deputy minister Terence Mukupe has said. BY MTHANDAZO NYONI Giving his keynote address at the CEO Africa Roundtable discussion held in Bulawayo last week, Mukupe said …

Read More »

Ecobank rolls out $150m letter of credit lines

Ecobank Zimbabwe has rolled out over $150 million worth of letters of credit lines into the Zimbabwean market in the last eight months as the bank moves to support the economy. BY BUSINESS REPORTER Ecobank Zimbabwe board chairman, Fortunate Chisango said yesterday the move was with support from its international …

Read More »

Tourism leads brand Zim campaign

At a local upmarket hotel, guests emerge with T-shirts emblazoned Zimbabwe is open for business. This is the new mantra adopted by President Emmerson Mnangagwa’s administration to lure investors after sweeping to power with military backing in November last year. By NDAMU SANDU The drive to rebrand the country has …

Read More »

fastjet increases flights on Harare-Vic Falls route

Low-cost carrier, fastjet will add two flights between Harare and Victoria Falls next month amid growing demand for the service. BY BUSINESS REPORTER The additional flights will see the airline serving the route with twice-daily frequency, six days a week, with the only exception on Saturdays where the schedule remains …

Read More »

‘Councils major debtors to ZETDC’

Sukoluhle Ndlovu Midlands Correspondent LOCAL authorities owe close to 70 percent of the more than $1 billion consumer debts to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), an official said. Addressing delegates attending the ZETDC Southern and Western regions 2019 energy management symposium recently, ZETDC commercial director Engineer Ralph …

Read More »

Agritrade to contract 5 000 farmers

Munashe Matambo Business Reporter Tobacco contractor, Agritrade is planning to support over 5 000 small scale farmers in the next cropping season from 4 000 after recording its best season this year. This comes when Zimbabwe’s tobacco output is projected to surpass the targeted 200 million kilogrammes, hence the Agritrade’s  …

Read More »

Stakeholders’ roles in veld fire management

Veld fires have become one of the most topical environmental issues with terminal effects in Zimbabwe. Over the years, infrastructure and property worth millions of dollars have been lost in inferno. Agricultural produce such as maize, soyabean and wheat have been burnt down by fires thus compromising the nation’s food …

Read More »

SMEs still largely unbanked

Enacy Mapakame Business Reporter Emerging small to medium enterprises (SMEs) are still lagging behind in financial inclusion accounting for only 1 percent of the total bank accounts as at the quarter to March 2018. Figures from the Reserve Bank of Zimbabwe (RBZ) show that as of March 31, 2018, total …

Read More »

Move to beneficiate cotton, farmers urged

Livingstone Marufu Zimbabwe Farmers Union (ZFU) has demanded more  small scale cotton farmers’ participation in the processing of raw cotton into lint in order to improve their lives and productivity on farms as they would earn more money. This comes after private ginners have illegally bought Government contracted cotton from …

Read More »

IBWO hails ED’s policies

Golden Sibanda Senior Business Reporter INDIGENOUS Business Women Organisation (IBWO) has hailed President Mnangagwa’s policy thrust saying his proposed cocktail of reform measures and programmes, some already being implemented, will turn around the economy, transform the lives of poor people, create employment and grow exports among others. IBWO president Jane …

Read More »