Infrastructure financing key for Zim’s economy

Infrastructure is the backbone of economies throughout the universe. An efficient and well-maintained infrastructure is critical in sustaining an economy. By Dephine Mazambani Infrastructure is considered a key component of the investment climate as it reduces the costs of doing business by enabling people to access markets as it allows …

Read More »

DIDG scheme targets investors abroad

THE Diaspora Infrastructure Development Group (DIDG) has appointed Imara Corporate Finance and EY South Africa as its advisors to set up the Collective Investment Scheme meant to allow other Zimbabweans living abroad to inject capital into the firm, a company official has said. BY MTHANDAZO NYONI The DIDG-Transnet Consortium, which …

Read More »

Allocate land to small miners, govt urged

SMALL-SCALE miners have called on the government to parcel out land to artisanal and small-scale miners to increase the gold output, as they produced 2,8 tonnes of gold in the first quarter. By Freeman Makopa This is up from the comparative quarter in 2017 where the small-scale gold miners contributed …

Read More »

Seed Co unbundling 71% in Seed Co International

SEED Co Limited board has proposed to its shareholders to partially unbundle 71% of its Seed Co International Limited shares by way of a pro rata dividend-in-specie distribution as part of a strategy to unlock shareholder value for its continental operations. BY TATIRA ZWINOIRA In a circular published yesterday, Seed …

Read More »

Parallel market rates hit 100% ceiling, why and how?

PARALLEL market rates have finally hit 100% when using EcoCash or bank transfers to buy the greenback, the first time they have reached such a rate since dollarisation and the main question now is how and why we got here. By TATIRA ZWINOIRA On Friday last week, a snap survey …

Read More »

Searching for balance in African food ecosystems

While it may not be the mandate of development organisations to build manufacturing industries in developing countries, pouring billions of dollars in agricultural production is not lifting people out of poverty. For every $1 billion invested in agricultural production, another $1 billion should be invested in agro-processing and other value …

Read More »

TIDSI hails contract farming

THE Tobacco Industry Development Support Institute (TIDSI) for Southern Africa has hailed contract farming, as it has improved the quality and quantity of tobacco. BY MTHANDAZO NYONI TIDSI executive director Jeffrey Takawira told NewsDay yesterday that there had been a marked improvement in this year’s crop, largely because 85% of …

Read More »

Cotton war erupts

Business Reporter Local private cotton firm, ETG Parrogate, last week allegedly took the law in its own hands after it went on a rampage and unpacked Cottco’s bales at buying points in Checheche, Manicaland Province, claiming the crop was wrapped in their woolpacks. This left cotton worth hundreds of thousands …

Read More »

Zinwa prepaid water ready by September

Golden Sibanda Senior Business Reporter The Zimbabwe National Water Authority (Zinwa) will introduce prepaid water system for all local authorities by September this year and institute stop order payment arrangements for other bulk water consumers (farmers) in order to rein in problem debtors. Acting chief executive Engineer Taurai Maurukira, told …

Read More »

MMCZ pushes locational chrome pricing

Ishemunyoro Chingwere Business Reporter The Minerals Marketing Corporation of Zimbabwe (MMCZ), is pushing for location based pricing mechanism for chrome that will see the mineral going for different prices to encourage buyers’ appetite in less accessible areas. Addressing stakeholders in the chrome mining sector at a stakeholders interface on Monday, …

Read More »