Millions lost through scrap metal exports

Ishemunyoro Chingwere  Business Reporter Zimbabwe could save at least $11 million per month and hundreds of jobs if it stops exporting scrap metal and beneficiate it locally, the Zimbabwe Institute of Foundrymen (ZIF) has said. The foundry industry entails the conversion of scrap metal into viable engineering products, but the …

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Chivayo donates to charity, environmental sustainability

Business Reporter INTRATREK Zimbabwe this week donated $100 000 to a charity organisation headed by First Lady Amai Auxilia Mnangagwa and environmental sustainability initiatives being spearheaded by Government through the Ministry of Environment, Water and Climate. City businessman Wicknell Chivayo, owns Intratrek Zimbabwe. First Lady Amai Mnangagwa was the guest …

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Water agreement: All you need to know

What is a water abstraction agreement? A water abstraction agreement is a contract that any person, entity or organisation who needs a reservation for their use of   raw water from Zinwa managed or State dams enters into with Zinwa for the provision of his or her water requirements. Why is …

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USAID avails $32,4m for water projects

Thupeyo Muleya  Business Reporter The United States Agency for International Development (USAID) has availed $32,4 million for a five year Resilient Waters project to address severe water challenges facing communities living around the Limpopo River Basin and Okavango River basins. The programme is set to increase access to safe drinking …

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Businesses to benefit from bilateral agreements

Shamiso Dzingire Bulawayo Bureau BUSINESSES venturing into export markets could take advantage of trade benefits offered by Zimbabwe’s bilateral and regional agreements to grow their businesses. Zimbabwe is signatory to trade agreements with the Sadc and the Common Market for Eastern and Southern Africa (Comesa). Recently the Government signed the …

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Credible poll boon for Zim economy

Enacy Mapakame Business Reporter Zimbabwe’s economy is projected to experience double digit growth on the back of credible and peaceful harmonised elections set for Monday. On July 30, Zimbabwe will hold harmonized elections, the first without former President Robert Mugabe in 38 years. According to a new report by South …

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60% of Bulawayo shopping complex capital needs met

Construction of a $12 million shopping complex in Bulawayo’s Cowdray Park suburb by Sai Enterprises is on course, with $6 million of the project’s total capital requirements having been spent, an official has said. BY MTHANDAZO NYONI Bulawayo businessperson and Sai Enterprises proprietor, Raj Modi, told NewsDay in an interview …

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Credible elections will see GDP grow 6,5% by year-end

SOUTH African firm Emergent Research says a clear winner and a clean election will see the gross domestic product (GDP) grow to 6,5% by year end. BY TATIRA ZWINOIRA Emergent Research is an investment research and advisory firm, which also hosts the annual investment conference Financial Markets Indaba. In its …

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Potraz rolls out 146 CICs countrywide

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has rolled out over 146 community information centres (CICs) throughout the country courtesy of the Universal Service Fund (USF). BY MTHANDAZO NYONI Potraz director-general, Gift Machengete, told NewsDay recently that the programme was part of the authority’s strategy to promote universal …

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