ZCDC hits million carats in 4 months

Thandiwe Katinhimure Bulawayo Bureau STATE-owned diamond mining firm, Zimbabwe Consolidated Diamond Company (ZCDC), last week hit one million carats in line with its target in the first four months of the year. ZCDC chief executive officer, Dr Moris Mpofu, told our Bulawayo Bureau at the Zimbabwe International Trade Fair last …

Read More »

Govt targets $143m horticulture exports

Livingstone Marufu Business Reporter Government is targeting to surpass the $143 million mark from horticultural export proceeds next year after extending the sector to Command Agriculture Scheme. The country earned $143 million in 1999 at the peak of the sector and authorities feel the figure can be exceeded on the …

Read More »

ZIA, Bots sign investment MoU

Africa Moyo Business Reporter The Zimbabwe Investment Authority (ZIA) has signed a Memorandum of Understanding (MoU) with the Botswana Investment and Trade Centre (BITC), which is aimed at promoting investment opportunities that exist in the two countries. The MoU was signed on Friday night in Bulawayo on the sidelines of …

Read More »

Zim needs clear value addition strategy

Zimbabwe needs to come up with a clear beneficiation and value addition strategy that will translate to downstream and upstream economic activity. The current structural arrangement of the agriculture and mining industry which remains geared towards export of raw materials is not sustainable and not economically viable in the long …

Read More »

Zim SMEs sector promoting self-reliance

Zimbabwe’s informal sector is emerging as a key source of job creation with this year’s Workers Day commemorations bearing testimony of how the nation can reap more economic benefits from emerging entrepreneurs. The small scale entrepreneurs continue to operate and provide relevant skills, products and services that have a potential …

Read More »

The burden of compliance on SMEs

Dr Sanderson Abel SMEs and informal businesses in Zimbabwe today are facing numerous barriers to formalisation and growth. There are so many hurdles that are inhibiting the formalisation of small businesses that entrepreneurs end up giving up on efforts to formalise. Mostly the challenges emanate from the huge costs and …

Read More »

GMAZ pays $160m for 2018 command maize, wheat

Michael Tome Herald Correspondent The Grain Millers Association of Zimbabwe (GMAZ), has paid $160 million to Government towards the purchase of 2018 maize and wheat grown under Command Agriculture in a bid to ensure farmers are paid on time. GMAZ says prompt payments will help boost confidence in the agriculture …

Read More »

Vast, Botswana firm team up for Zim diamonds

LONDON. — Vast Resources PLC has signed a Memorandum of Understanding with Botswana Diamonds PLC to investigate diamond opportunities together in Zimbabwe. Under the terms of the MoU the two companies have agreed to exchange information derived from past exploration on areas prospective for diamonds in Zimbabwe and to form …

Read More »

Incandescent lights give Zera headache

BY MTHANDAZO NYONI The government, through Statutory Instrument (SI) 21 of 2017, banned the use of inefficient lighting products and labelling, including the import, wholesale and retail of incandescent or filament bulbs. Anyone found using or distributing incandescent bulbs or ordinary filament lamps, faces an imprisonment term of up to …

Read More »

Stanbic Zim unveils special financing for exporters

Stanbic Bank Zimbabwe (Stanbic) on Monday unveiled a special facility under which it will provide financing to struggling companies involved in the export business to meet their capital needs. Under the initiative, the financial assistance would provide over 60 percent of the capital needs of the businesses. The facility would …

Read More »