Producers speak on cement crisis

National cement demand has surged since the second half of last year, driven by a reported bubble in mortgage and construction activity, amidst mounting supply-side challenges related to foreign currency shortages for the procurement of spare parts. BY FIDELITY MHLANGA/MTANDAZO NYONI A statement released by the Cement and Concrete Institute …

Read More »

More financiers for Command Agric

Africa Moyo Senior Business Reporter Command Agriculture, a special maize import substitution programme, has attracted more private sector financiers such as National Foods Limited and Northern Farming. Homelink Group, a subsidiary of the Reserve Bank of Zimbabwe (RBZ), has also joined Command Agriculture with a $6 million facility focusing on …

Read More »

Prospects look good for economy: Agribank

Golden Sibanda Senior Business Reporter AGRIBANK, a State agriculture development bank, says Zimbabwe’s near and medium term prospects look good on the back of Government’s efforts to improve ease of doing business and measures to attract foreign investment. The bank argues these measures are projected to yield positive results for …

Read More »

IDBZ spearheads infrastructure development

Enacy Mapakame Buiness Reporter The Infrastructure Development Bank of Zimbabwe (IDBZ), says it will continue to forge ahead in spearheading infrastructure development in line with new Government’s thrust for economic turnaround and the regional industrial development agenda. IDBZ chairman Willard Manungo, said the recent US$150 million injection the bank received …

Read More »

Farmers who do things differently will beat El Nino

Climate Jeffrey Gogo Once again Zimbabwe this year faces the bleak prospect of another El Nino, the second such event in three years. In a country where the periodic phenomenon is slowly becoming the norm, rather than the exception, El Nino — a naturally occurring weather cycle caused by warming …

Read More »

Unclaimed shares total $20m, unclaimed dividends hit $15m

Once an investor buys shares, he / she automatically becomes the owner of those shares and the proportionate dividends that may accrue to those shares. Lack of awareness could have partly resulted in the current unclaimed shares on the market. Shares or dividends become unclaimed when an investor: Relocates to …

Read More »

Great Dyke platinum project takes shape

Martin Kadzere Senior Business Reporter GREAT Dyke Investments (GDI) has selected Egypt-based Afreximbank as the lead arranger for a $2 billion loan to finance development of its precious metals mine and smelter in Darwendale, west of Harare, chairperson Dr Resphina Rukato has said. Great Dyke, a joint mining venture between …

Read More »

ED challenges banks to support farmers

Africa Moyo Senior Business Reporter President Emmerson Mnangagwa has challenged the banking sector to support economic revival, which has gathered pace in the last eight months, by extending loans to farmers at affordable interest rates. The President said this on Wednesday while addressing the 6th Annual National Agribusiness Conference held …

Read More »

‘ED will succeed in reintegrating Zim’

Golden Sibanda Senior Business Reporter FITCH Solutions, a leading economic research firm, which is part of reputable global credit rating agency Fitch Ratings, believes President Mnangagwa will make progress in reintegrating Zimbabwe into the global community, but says the process may take a little longer than desired. Fitch believes reopening …

Read More »

Econet unveils EcoSure Moovah promotion

Business Reporter Econet Insurance yesterday unveiled yet another million-dollar promotion as vehicle insurer EcoSure Moovah moves to claim a large stake in the local motor insurance industry. Launched barely a month ago on the back of a micro-insurance technological platform, EcoSure Moovah has set its sights on the September motor …

Read More »