URL says demand up for vegetable juices

AGRO-PROCESSING company, United Refineries Limited (URL), is struggling to keep up with demand for its newly introduced product — vegetable juices, chief executive officer, Busisa Moyo has said. BY MTHANDAZO NYONI Recently, the Bulawayo cooking oil manufacturer, launched vegetable juice products in four flavours — pure carrot, carrot infused with …

Read More »

Barclays’ loan book improves

BARCLAYS Bank of Zimbabwe says its non-performing loans stood at 2,2% at the end of 2017, a reflection of a quality loan book, the bank’s head of customer service and corporate affairs, Emily Nemapare, has said. BY MTHANDAZO NYONI Nemapare told NewsDay in emailed responses that Barclays’ financial performance in …

Read More »

Mupfumira heads Zim team to tourism fair

Tourism and Hospitality Industry minister, Prisca Mupfumira will lead a Zimbabwean delegation for the continent’s largest travel show, Africa Travel Indaba which opens in Durban, South Africa today. BY BUSINESS REPORTER It runs up to Thursday. Zimbabwe, which has been participating at the fair since its inception 30 years ago, …

Read More »

ZANU PF to clamp down on land barons

Kudzanai Sharara The ZANU PF Government says it will put an end to irregular allocations of land and development of shanty towns if re-elected in the forthcoming 2018 harmonised elections. In its 2018 election manifesto launched last week, the ruling party said it will also eliminate all forms of land …

Read More »

Hwange mulls selling town, houses

Africa Moyo Property Reporter The country’s oldest coal mining firm, Hwange Colliery Company Limited (HCCL), is considering selling the town for $300 million as part of efforts to raise funds to off-set its obligations with a number of creditors. This includes selling part of its 5 000 employee houses to …

Read More »

Coca-Cola marks 70 years in Zim

Business Reporter The Coca-Cola Company is today celebrating 70 years of operations in Zimbabwe and is planning to step up innovation as well as drive economic empowerment and environmental stewardship into the future. The beverages company, which came into the country in 1948, is also celebrating its 132nd birthday globally …

Read More »

RBZ releases $450k daily for tobacco farmers

Livingstone Marufu The Reserve Bank of Zimbabwe (RBZ) says it is disbursing $450 000 daily to banks with branches at tobacco auction floors to ensure farmers access cash. This comes following an outcry from farmers who are reportedly failing to access the prescribed $300 cash daily from banks at the …

Read More »

ZSE extends CFI suspension

Business Reporter The Zimbabwe Stock Exchange (ZSE) has further extended CFI Holdings Limited’s suspension from the bourse by another 30 days pending further investigations into irregularities in the agro-industrial group. CFI was initially suspended on January 2, 2018 and was further prolonged to May 2, 2018. This therefore becomes the …

Read More »

IDBZ engages experts over accommodation project

Property Reporter THE Infrastructure Development Bank of Zimbabwe (IDBZ) has started the process to engage experts to design buildings for its staff and students accommodation housing project in Zvishavane and Lupane. IDBZ said it had been mandated to mobilise funding for construction of accommodation for tertiary students, academic medical staff …

Read More »

Miner builds lithium plant in Kwekwe

Ishemunyoro Chingwere Business Reporter ZIMBABWE has moved a step closer to lithium value addition, as enunciated by President Emmerson Mnangagwa, following installation of a pilot lithium carbonate plant in Kwekwe by Australian-listed mining company, Prospect Resources. According to a notice by Prospect Resources, Mines and Mining Development Minister Winston Chitando, …

Read More »