Zim, AFDB debt clearance talks pace up

Africa Moyo Zimbabwe and the African Development Bank (AfDB) have increased pace of deliberations over debt clearance, a top AfDB official has said. AfDB executive director representing Southern Africa Group II Constituency, Heinrich Mihe Gaomab II, who visited Zimbabwe recently to assess the Bank’s projects in the energy and water …

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Emcoz to host Monetary Policy indaba

Africa Moyo Senior Business Reporter THE Employers Confederation of Zimbabwe (Emcoz) is set to host an indaba that brings together Government, employers and market watchers, to discuss the market distortions that the 2019 Monetary Policy Statement sought to address. Emcoz acting president Dr Israel Murefu told The Herald Business yesterday …

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WMI engages top car makers

Business Reporter WILLOWVALE Motor Industries is in negotiations with leading world car manufacturers with a view of assembling their brands locally, a senior official said yesterday. General manager for Industrial Development Corporation — which partly owns WMI — Mr Ben Kumalo told The Herald Business that negotiations with four vehicles …

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Network disruptions to continue

BY TATIRA ZWINOIRA DISRUPTIONS to telecommunication networks will continue because operators owe millions of dollars to foreign firms for maintaining and upgrading their infrastructure due to the unavailability of forex to pay them timely, NewsDay has learnt. The foreign firms owed the most by local telecommunication firms are Chinese telecom …

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Bread price up again

BY MISHMA CHAKANYUKA INNSCOR Africa Limited has raised bread prices to $2,45 (wholesale) and $2,70 (retail) for a loaf at its subsidiary, Bakers Inn. The prices went into effect yesterday. The rise to $2,70 was from a previous price of $1,80 for the recommended retail price of bread per loaf …

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Noic storage facilities construction gathers pace

Kudakwashe Mhundwa Business Reporter THE National Oil and Infrastructure Company of Zimbabwe (Noic) has made significant progress on the completion of several fuel storage depots across the country, as the State-owned enterprise moves to increase the country’s storage capacity of petroleum products. This was said by acting chief executive officer …

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Integrated Properties ventures into engineering

Business Reporter REAL estate valuation and advisory firm, Integrated Properties, which has a stronghold in the financial services sector, has extended its product offering into engineering. This follows the company’s registration with the Engineering Council of Zimbabwe and the subsequent change in role of Mr Luckson Mujati who has been …

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Empower Bank distributes 600 loans

Kudakwashe Mhundwa Loan uptake at Government’s Empower Bank has remained heavily subdued with only 600 loans being distributed against a target about 40 000 youth loans having been earmarked for disbursement at the bank’s inception. Government in 2017 through Ministry of Youth, Indigenisation and Economic Empowerment capitalised the micro-finance institution …

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Hunters Road project critical — Masunda

Martin Kadzere Bindura Nickel Corporation will only consider developing its Hunters Road Project in Gweru when the price of the metal “becomes right”, chairman Muchadeyi Masunda has said. “We are keeping an eagle eye on the price,” Mr Masunda said adding, “We can only start looking at the project when …

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Govt to commission 3 IPPs

Kudakwashe Mhundwa Business Reporter Government will by the end of this year commission three independent power producers (IPP’s) that are expected to contribute a cumulative capacity of 30 Megawatts (MW) to the national power grid, according to the Secretary of Energy and Power Development Engineer Gloria Magombo. Several IPP’s have …

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