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New kid enters tobacco industry

A NEW tobacco contracting firm, Sub Sahara Tobacco Company, was officially launched in Mashonaland Central, Mvurwi on Friday. By Simbarashe Sithole The company was first launched in Mhangura after being licensed by the Tobacco Industry Marketing Board (TIMB) in April this year. Sub Sahara has contracted 500 tobacco farmers in …

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Liquid Group snaps up Zambian telecoms company

LIQUID Telecommunications Holdings Limited (LTHL) has snapped up Zambia’s Hai Telecommunications Ltd, with the deal now awaiting approval from Zimbabwe’s Competition and Tariff Commissions, NewsDay has established. BY FIDELITY MHLANGA Hai Telecommunications offers superfast internet, inter-office connectivity and leading-edge solutions to a wide range of customers in the home, business …

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CEO skipped board authority: Minister

Golden Sibanda and Africa Moyo INFORMATION Communication Technology, Postal and Courier Services Minister Supa Mandiwanzira, says State-owned mobile telecoms company, NetOne, chief executive (CEO) officer Lazarus Muchenje “fired” nine senior managers outside the knowledge and authority of the board or his ministry; the primary proxy of the State. He said …

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ZRA increases water allocation by 32 percent

Patrick Chitumba Midlands Bureau Chief The Zambezi River Authority (ZRA) has increased by 32 percent water allocation to the Zimbabwe Power Company (ZPC) and Zambia’s ZESCO limited in a move that is going to result in a surge in power generation for both countries. In a statement yesterday, Ms Elizabeth Karonga, …

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Zera crushes 10 000 wasteful lights,but danger still lurks

Climate Story Jeffrey Gogo Energy regulator Zera, last Thursday oversaw the destruction of 10 000 smuggled incandescent light bulbs in Harare – but bigger problems are still lurking. About 70 000 more bulbs of the contraband will be destroyed this week, officials say. It will be the third batch of bulbs …

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SA steel firm sets base in Bulawayo

Prosper Ndlovu Bulawayo Bureau South–African headquartered engineering and steel firm, Tamuda Investment Group (TIG), has opened a steel and pipe business in Bulawayo with plans to establish a manufacturing plant that will provide one-stop-shop engineering services to a diversity of clients. TIG is wholly-owned by Zimbabweans based in the Diaspora who …

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ZB raises over $60m for ERRF

Tawanda Musarurwa Listed financial services provider ZB Financial Holdings says it has so far raised over $60 million of the targeted $150 million under the second phase of the Emergency Road Rehabilitation Fund (ERRF). The financial services provider was retained by the Zimbabwe National Road Administration (ZINARA) as lead advisor …

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GDP growth slowing across the globe

Over the course of 2017, one of the primary factors fuelling investor optimism was the fact that, for the first time ever, global stocks rose in basically uninterrupted fashion, a sign of synchronised global growth that boded well for future prospects. Now that narrative is showing signs of unravelling, and …

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ZITF appoints acting GM

The Zimbabwe International Trade  Fair (ZITF) Company has appointed its marketing executive Nicholas  Ndebele as acting general manager following the resignation of Nomathemba Ndlovu on July 31 this year. Mrs Ndlovu had been at the helm of the company for five years after taking over from Daniel Chigaru in 2013. She …

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Botswana listing to spur Seed Co’s growth

SEED CO International Limited is expected to list on the local bourse and Botswana Stock Exchange (BSE) soon as the company partially unbundles to help fund its regional operations, NewsDay has learnt. BY TATIRA ZWINOIRA Local Seed Co boss Morgan Nzwere confirmed the development at the company’s annual general meeting …

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