‘Engineers must lead charge to close infrastructure gaps’

Golden Sibanda Property Reporter ENGINEERS should take strategic leadership positions in the quest to resolve Zimbabwe’s gaping infrastructure deficit after resolving leadership issues at Government level through the harmonised elections held on July 30, Zimbabwe Institution of Engineer (ZIE) chairman Jacob Kudzayi Mutisi has said. Eng Mutisi said it was …

Read More »

FBC posts 13pc profit growth

Property Reporter FBC Building Society reported a 13 percent growth in total income for the six months ended June 30, 2018 driven largely by growth in net fee and commission income. Total income for the period amounted to $9,2 million up from $8,1 million prior year comparative. The Building Society …

Read More »

Pumula South residential stands sold out: Old Mutual

Tawanda Musarurwa Property Writer Diversified financial services group, Old Mutual Zimbabwe has sold out residential stands under Phase 1 of its Pumula South project. In Bulawayo, the Old Mutual Zimbabwe group was developing 1 082 housing stands, which consisted of 596 stands in Pumula South while an additional 486 were …

Read More »

Potraz e-learning drive impacts communities

Enacy Mapakame Business Reporter Technology is commonly known as the great equaliser, but few have real life experiences as to the full meaning of this statement. For Tanaka Ronald Sithole, a Form Three student at Alpha High School in Chikombedzi, accessing extra study materials had been his greatest challenge, which …

Read More »

Sable Chemicals in forex dilemma

Michael Magoronga Midlands Correspondent ZIMBABWE’S sole Ammonium Nitrate (AN) fertiliser manufacturer, Sable Chemicals, is seeking increased foreign currency to boost production and meet growing demand by farmers ahead of the 2018/19 summer cropping season. According to management the company is presently operating at 28 percent capacity utilisation, which translates to …

Read More »

Govt to speed up ease of doing business

Ishemunyoro Chingwere Business Reporter GOVERNMENT will accelerate the ease of doing business reforms in a bid to attract more foreign and domestic capital in the local economy, President Mnangagwa has said. In his inauguration speech on Sunday, President Mnangagwa also noted that his term will be underlined by deliberate policies …

Read More »

Caledonia, Fremiro in talks over Blanket

Herald Reporter Caledonia Mining Corporation Plc has announced that it has entered into a Memorandum of Understanding (MOU) with Fremiro Investments (Private) Limited (Fremiro) with the intention to purchase Fremiro’s 15 percent shareholding in Blanket Mine (1983) (Private) Limited (Blanket). Caledonia will acquire Fremiro’s shareholding in Blanket for a gross …

Read More »

‘Right policies will help cut imports’

Africa Moyo Business Reporter Government says local industry has the capacity to reverse the ugly tide of rising imports, which soared to $2,87 billion between February and June this year, if supported by correct policies. This emerged during a Buy Zimbabwe-Zimbabwe Agricultural Society (ZAS) breakfast meeting held concurrently with the …

Read More »

CZI projects up to 6% jump in capacity utilisation

THE Confederation of Zimbabwe Industries (CZI) has projected average manufacturing capacity utilisation to grow between 4,5% and 6% this year, a significant recovery from last year’s dip. BY MTHANDAZO NYONI However, the improvement would still be below 50%, showing a huge variance with potential output, which tends to increase costs …

Read More »

What could solutions to Zim’s garbage problem look like?

Climate Story Jeffrey Gogo What could solutions to Zimbabwe’s garbage problem look like? They can look like nothing at all, as the case mostly is now – heaps of eye-soring uncollected rubbish in the townships and elsewhere, or the flood of raw sewage intoxicating rivers, streams and dams, key drinking …

Read More »