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CFI still working on reversing Langford sale

Property Reporter Zimbabwe Stock Exchange listed entity CFI Holdings Limited, says it is still working on reversing the sale of one of its assets Langford Estates and has since instituted legal proceedings. Langford Estates was sold to Fidelity Life back in 2015 in exchange of CFI’s $18 million debt. From …

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Real estate’s contribution to economic growth

Francis Chinjekure Own Correspondent Zimbabwe real estate business activities primarily deal with the ownership and transfer of physical properties. Almost all the real estate companies in Zimbabwe provide some common real estate services, which are designed to satisfy the needs of the customers. Some of the essential real estate services …

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Zimre conversion to boost revenue growth

Enacy Mapakame Property Reporter Zimre Holdings Limited (ZHL) says conversion of proceeds from sale of Zimre Centre in Harare towards construction of the Victoria Falls Sawanga Mall, will enhance revenue growth for the firm in the financial year 2019. Conversion of Nicoz House in Bulawayo into student accommodation is also …

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Zim steps up marketing efforts in UK

The Government has stepped up  marketing efforts in the United Kingdom (UK) as a way to regain the  tourism market in that country, a Cabinet Minister has said. Since the ushering in of a new administration, Zimbabwe has been taking  positive steps in mending relations with the international community. Through …

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Harare congestion calls for action

Munashe Matambo Policy makers and corporates have been encouraged to take action towards challenges of rapid urbanisation and rural urban migration as well as come up with inclusive and innovative waste disposal strategies. Speaking at the Urban Future Conference 2018 hosted by the Corporate Social Responsibility Network Zimbabwe last week, …

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Tobacco production hits 207 million kgs

Business Reporter Zimbabwe’s tobacco production hit 207 million kg yesterday, the highest volume produced in post land reform, according to Tobacco and Industry Marketing Board. Sales went up 29 percent from 161 million kg while the total value of the crop increased 29 percent to $605,8 million from $470 million …

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‘Banks to lead economic recovery’

Ishemunyoro Chingwere Business Reporter— Government is working with the Reserve Bank of Zimbabwe (RBZ) and other relevant bodies to ensure the country’s banking sector is in a position to play key intermediary roles in the recovery of the economy, President Mnangagwa said yesterday. The President said this while officially launching …

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CAAZ sheds light on Turkish Airlines deal

Civil Aviation Authority of Zimbabwe’s acting general manager, Tawanda Gusha has said Turkish Airlines has not made any formal communication with Zimbabwe to establish flights between Harare and Turkey despite reports the deal is nearing fruition. BY TINOTENDA MUNYUKWI/ TAFADZWA MUTACHA In 2016, there were reports that Turkish Airlines would …

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ZNCC chapter seeks decentralisation

THE Zimbabwe National Chamber of Commerce (ZNCC) Matabeleland Chapter has called for the business association to decentralise its operations, saying the current set up was making decision making cumbersome. BY MTHANDAZO NYONI Decentralisation is the process of distributing power away from the centre of an organisation. Speaking to NewsDay on …

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