Home / Business (page 10)

Business

Borrowing not a solution: Govt told

BY MTHANDAZO NYONI ZIMBABWE should come up with sustainable ways of generating income and move away from piece-meal interventions that will sink the country into deeper poverty, Poverty Reduction Forum Trust director Judith Kaulem has said. Kaulem told a recent debt conference held in the capital that borrowing money would …

Read More »

Zim to implement ‘use it or lose it’ mining policy

Staff Reporter/Reuters Zimbabwe is considering taking away mining rights from companies that are taking long to dig for minerals, Mines deputy minister, Polite Kambamura, said yesterday. Speaking to mining executives and investors at a conference in Johannesburg, Kambamura said further details would be provided in due course. The country is …

Read More »

Econet injects $250m in renewable energy

BY MISHMA CHAKANYUKA ECONET Zimbabwe says it has invested about $23 million in clean energy projects through its Distributed Power Africa (DPA) unit. The company has an ambitious plan to spend $250 million in clean energy. The business primarily focuses on rooftop solar power systems for commercial and industrial customers. …

Read More »

More discounts to boost OK Grand Challenge

BY TATIRA ZWINOIRA The country’s largest retail chain OK Zimbabwe says the sector is under immense pressure because of currency volatility, but the company anticipates sales volumes to grow by between 10% and 20% this year on the back of promotional discounts. Speaking at the launch of this year’s edition …

Read More »

Application for temporary importation privileges

Did you know that commercial goods may be temporarily imported free of duty? Section 124 of the Customs and Excise Act, Chapter 23:02, provides for temporary importation of goods without payment of duty. The provision facilitates free and temporary movement of goods across borders without the payment of duty in …

Read More »

Oil prices rise

Oil prices rose yesterday back towards five-month highs hit the previous day, as OPEC production cuts and US sanctions on Iran and Venezuela continued to tighten supply, though economic worries increased. International benchmark Brent futures were up 18 cents, or 0,25 percent, at $70,79 a barrel by 1220 GMT. US …

Read More »

Gold steady

Gold held steady near a two-week high yesterday as world equities retreated after the International Monetary Fund (IMF) cut its global growth outlook ahead of the release of minutes from the US Federal Reserve’s March meeting. Spot gold was unchanged at $1 303,73 an ounce at 1145 GMT, having touched …

Read More »

Procurement guidelines for State entities

The Regulations governing public procurement have a bearing on both the Procuring Entity (PE) and on the bidder with the former expected to design the procurement rules which the later should follow. The decentralisation of procurement decision making means that each PE is now responsible for managing its procurement requirements. …

Read More »

Econet Willowvale commissions solar plant

Kudakwashe Mhundwa and Kumbirai Tarusarira Zimbabwe’s largest mobile operator, Econet Wireless, has commissioned a multi-million dollar 466 kilowatt (KW) solar power plant at its Willowvale industrial complex as it moves towards adopting clean and sustainable energy. According to the diversified group, the solar power plant is the largest commercial and …

Read More »

Demand for security estates on the rise

International Staff Reporter Even though the Zimbabwe property market faces many challenges, it has always been characterised by a high demand and a corresponding low supply. Seeff principal in Zimbabwe Patience Patongamwoyo said that in the pre-dollarisation era (before 2009) the main buyers of real estate property in Zimbabwe were …

Read More »