ZNCC chapter seeks decentralisation

THE Zimbabwe National Chamber of Commerce (ZNCC) Matabeleland Chapter has called for the business association to decentralise its operations, saying the current set up was making decision making cumbersome. BY MTHANDAZO NYONI Decentralisation is the process of distributing power away from the centre of an organisation. Speaking to NewsDay on …

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NRZ eyes more agreements

THE National Railways of Zimbabwe (NRZ) is currently negotiating with some partners in the shipping line, with a view to signing more service level agreements to boost business, an official has said. BY MTHANDAZO NYONI Last year, NRZ signed a deal with Zimasco and CFM of Mozambique, which saw the …

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AfCFTA targets 22 ratifications by year-end

THE African Continental Free Trade Area (AfCFTA) is targeting to secure 22 ratifications by end of this year to pave way for a single continental market with a billion consumers, a Zambian minister has said. BY TARISAI MANDIZHA AfCFTA was launched early this year in Rwanda with the mandate to …

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TSL profit up 517%

THE TSL Limited Group posted a 517,14% increase in profit after tax to $9,77 million for the six months ended April 30, 2018 on the back of satisfactory agricultural results. BY TATIRA ZWINOIRA The increase was from the profit after tax of $1,58 million over the same period last year. …

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CAAZ sheds light on Turkish Airlines deal

Civil Aviation Authority of Zimbabwe’s acting general manager, Tawanda Gusha has said Turkish Airlines has not made any formal communication with Zimbabwe to establish flights between Harare and Turkey despite reports the deal is nearing fruition. BY TINOTENDA MUNYUKWI/ TAFADZWA MUTACHA In 2016, there were reports that Turkish Airlines would …

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SA healthcare set for major overhaul

South Africa’s health-care system may face a major overhaul as the government moves ahead with plans to implement mandatory national insurance and reduce the cost of private care. The revamp is part of an effort to broaden access to treatment in a country where more than 80 percent of the …

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Govt spearheads green agriculture

Ishemunyoro Chingwere Business Reporter The Office of the President and Cabinet is spearheading the mainstreaming of green innovations in agriculture to mitigate the effects of climate change to agricultural performance and the economy. President Mnangagwa’s Government is pushing for economic development across all sectors, which should consequently propel Zimbabwe to …

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Hwange Colliery to get new board

Ishemunyoro Chingwere Business Reporter The Minister of Mines and Mining Development, Winston Chitando, has nominated six people Government wants appointed into the Hwange Colliery Company board. The nomination came at a time when Government is working towards resuscitating the 119-year-old coal miner, which is confronted with a myriad of problems, …

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Micro-finance firm raises $5 million capital

Business Reporter Micro-financE firm Untu Capital, has raised its targeted $5 million in an issuance of tradable bonds after successfully issuing the third and final tranche of $2 million on the Financial Securities Exchange (Finsec). Bonds are a debt instrument offered to the market to raise capital. Initially, Untu Capital …

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