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So far, signs not pointing to investor interest

A quick search done on Zimbabwe on the Google search engine yesterday in the morning under the news section, before scrolling down the page, gave eight stories on the country, with five being negative. Business Analysis: TATIRA ZWINOIRA Therefore, if a foreign investor did a simple web search of the …

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Election dispute weighs down ZSE

THE Zimbabwe Stock Exchange (ZSE)’s market capitalisation lost over $200 million last week as the market indices continued to be held down by the uncertainty around elections, ZSE data shows. BY TATIRA ZWINOIRA According to trading data from the ZSE, in terms of a week-on-week performance for last week compared …

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Tiles For Africa offers credit terms to homeowners

Tiles For Africa has partnered local finance firm, Delight Africa Group to offer a $15 million credit facility per month to homeowners seeking to tile their homes. BY TATIRA ZWINOIRA Delight Africa Group subsidiary, Delight Finance signed a deal with Tiles For Africa late last month which will see both …

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Family basket goes up

THE Consumer Council of Zimbabwe (CCZ) says the family basket went up by $6,99 to $598,04 by the end of July 2018, due to fuel price fluctuations, anticipation of salary adjustments for civil servants and seasonal consumption patterns. BY MTHANDAZO NYONI In a statement last week, CCZ said the food …

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Vic Falls tourism boom excites international markets

THE resort town of Victoria Falls is inundated with inquiries from Zimbabwe’s major tourism source markets keen on directly investing into the tourism sector, an industry official has said. BY MTHANDAZO NYONI Zimbabwe’s source markets include United Kingdom, the United States of America, Australia, Germany, South Africa, among others. Employers …

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Mineral sales volume up 34%

MINERAL sales volumes increased by 34% to 922 108 tonnes valued at $780,56 million in the first-half of the year, with most minerals registering a growth, latest statistics from the Minerals Marketing Corporation of Zimbabwe (MMCZ), have shown. BY MTHANDAZO NYONI The Statistics show that a number of minerals in …

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Blanket Mine gold output rises marginally

Tawanda Musarurwa Gwanda-based gold producer Blanket Gold Mine’s production in the second quarter of this year was 12 657 ounces, marginally up from 12 521oz in the prior comparable period. Output for the first half of 2018 amounted to 25 582oz. Caledonia said the cost of production was also slightly …

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Econet replaces Delta as ZSE heavyweight

Enacy Mapakame Business Reporter Mobile operator Econet Wireless Zimbabwe Limited is now the biggest company on the Zimbabwe Stock Exchange (ZSE) by market capitalisation at $3,108 billion as of Friday last week, replacing Delta Corporation Limited from its long held position. In January 2016, Econet dropped two places to fourth …

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ZB targets 700 residential stands

Enacy Mapakame Diversified financial services group, ZB Financial Holdings will put over 700 residential stands on the market in Plumtree before end of this year. This is part of the group’s efforts towards alleviating housing shortages in the country as several other projects have been lined up across the country. …

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‘Promote locals in construction sector’

Africa Moyo GOVERNMENT should consider reducing the costs associated with getting contracts in the construction sector to allow locals to fully participate in economic development, a construction sector expert has said. This was said by top construction industry player and ZANU-PF House of Assembly member-elect for Murehwa North constituency, Daniel …

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