Art revenue up 40pc

Enacy Mapakame Business Reporter Amalgamated Regional Trading (ART) revenue for the full-year to September 30, 2018 rose 40 percent to $46,9 million on increased demand and improved production output in the battery business. The battery division recorded $32 million revenue, representing 42 percent growth from prior year as it remains …

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Aurex revises pricing structures

Africa Moyo Senior Business Reporter JEWELLERY consumers are warming up to Aurex (Pvt) Limited’s new pricing structure of 70 percent foreign currency and 30 percent RTGS, bond notes or mobile money, amid indications that the firm recorded sales of US$30 000 in November. Aurex, a top jewellery manufacturer set up …

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Art revenue up 40pc

Enacy Mapakame Business Reporter Amalgamated Regional Trading (ART) revenue for the full-year to September 30, 2018 rose 40 percent to $46,9 million on increased demand and improved production output in the battery business. The battery division recorded $32 million revenue, representing 42 percent growth from prior year as it remains …

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Ecobank gives back to society

ECOBANK Zimbabwe officials have invested thousands of dollars back into the community in line with the pan-African financial institution’s philosophy. The bank’s staffers recently spent a day at Mother of Peace Children’s Home in Mutoko and Sigombe Primary School in Nkulumane, Bulawayo. At Mother of Peace Children’s Home, the bank …

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Karo finalises exploration exercise

Ishemunyoro Chingwere Business Reporter KARO Resources is finalising the resource exploration and quantification programme at its mining site for the $4,2 billion platinum investment as per promise to President Mnangagwa when the mining concern met him early last month. Over the past week, the miner had done over 4 000 …

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Command agric farmers assured of 20m litres fuel per week

FARMERS taking part in the government-funded Command Agriculture programme will soon be getting 20 million litres of fuel per week, Energy deputy minister Magna Mudyiwa, told Parliament last week. BY VENERANDA LANGA Mudyiwa told the National Assembly that the Zimbabwe Energy Regulatory Authority (Zera) was also in the process of …

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Ministry’s paltry allocation inadequate to revive industry

THE 2019 National Budget fails to adequately fund the industrialisation programme that would help revive Zimbabwe’s ailing economy after only $27,5 million was allocated to the Industry and Commerce ministry for the purpose against a bid of $306,1 million, a parliamentary committee has said. BY VENERANDA LANGA A report by …

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New mobile app to help tourists navigate Zim

THE Zimbabwe Tourism Authority (ZTA) and local tourism services firm Accoleisure (Pvt) Limited have jointly launched a mobile phone application which they say will improve access to wi-fi hotspots around the country. BY BUSINESS REPORTER “Tourists are better connected now than ever before and this has put increasing demand on …

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National Clean-Up launch historic

The National Clean-Up launch was a historic day on the Zimbabwean calendar as the people of Zimbabwe from all walks of life took it upon themselves to make the environment clean, in all parts of the country. Stakeholders such as Government ministries and departments, corporates, civil society, Non-Governmental organisations, schools, …

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Gold inches higher

Gold prices edged higher yesterday, supported by hopes that the US Federal Reserve could pause its rate hike cycle sooner than expected and as the dollar slipped after the previous session’s rally. Spot gold was up 0,3 percent at $1,247.92 per ounce, as of 0825 GMT. It touched its highest …

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