Parly set to fast-track key Bills

Africa Moyo Business Reporter PARLIAMENT resumed sitting yesterday after a brief adjournment, amid high hopes that legislators will fast- track several Bills regarded as urgent such as the Zimbabwe Iron and Steel Company (Zisco) Debt Assumption Bill and the Insolvency Bill. Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi, reportedly …

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Desperate Zanu PF spins another yarn

A PIPE-DREAM is defined as an ‘unattainable or fanciful hope or scheme’ which is premised on the fact that a goal is neither practical nor sustainable enough to be achieved, something that may be true for Zimbabwe’s ruling party. By TATIRA ZWINOIRA All over the world, as elections draw nearer, …

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Red flags over ED deals

THE Southern and Eastern African Trade Information and Negotiations Institute (Seatini) has raised a red flag over deals the government signed in the past four months, saying they were characterised by opaqueness and lack of public scrutiny. BY MTHANDAZO NYONI In its concept paper for the forthcoming provincial wide consultations …

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How ecosystems are replacing value chains in African food systems

Instead of choosing a few value chains in which to specialise, some agribusinesses in developing countries are being compelled to embrace an ecosystem approach to agriculture. By CHARLES DHEWA This is because each commodity has its limits. Many contract farming models are collapsing, as value chains evolve into ecosystems, where …

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LaFarge banks on affordable housing

LAFARGE Cement Zimbabwe is prospecting for affordable housing projects in and around Harare after it delivered 85 housing units in the capital. BY MTHANDAZO NYONI The company’s communications manager, Tsungie Manyeza told NewsDay in emailed responses that there was a growing demand for affordable housing and the company had embarked …

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Total gives thumbs up to plastic money

TOTAL Zimbabwe says it does not condone the rejection of plastic money transactions at all its fuel service stations dotted around the country as this was counterproductive. BY FIDELITY MHLANGA The company’s managing director, Ronan Bescond, told delegates at the prize-giving ceremony of the Refresh, Refuel, and Recharge promotion yesterday …

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Zimswitch eyes new platform for bulk payments

ZIMSWITCH is in final stages to introduce an electronic transacting system for bulk payments to relieve pressure on the Real Time Gross Settlement (RTGS) system. Zimswitch deputy general manager Zabron Chilakalaka told guests at the just-ended Zimswitch conference in Victoria Falls that the new platform, Zeepay, would cater for bulk …

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AfDB bans Chivayo’s partners

AFRICAN Development Bank (AfDB) has banned Wicknell Chivayo’s partner in the controversial Gwanda solar project for three years due to fraudulent practices such as misrepresentation of experience to qualify for contracts. BY FIDELITY MHLANGA Chivayo’s Intratrek is working with Chinese engineering firm, CHINT Electric, with executives from the firm expected …

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ZHL bounces back to profitability

ZIMRE Holdings Limited (ZHL) has overturned its loss-making position by $4,36 million for the financial year ending December 31, 2017 on the back of cost reduction and an improvement in incomes from its key operations. BY TATIRA ZWINOIRA For the 2017 period, ZHL registered a profit of $5,82 million from …

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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 …

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