The plan is to transform the precinct into a dynamic mixed-use development on the prime 17-acres of real estate located close to Bulawayo central business district.
Business
By Mthandazo Nyoni
17h ago
Since the introduction of ZiG, the fiscalisation of the Zimbabwe Revenue Authority (Zimra) systems into ZiG has been a slow and troublesome process for taxpayers.
Business
By TAFADZWA MHLANGA
17h ago
The third party then provides liquidity to the firm expecting the company to pay back using the money they would later receive through the account receivables.
Responding to the issue of potential hazards of thermal affluent to villagers in the near communities, Makonese said a plan was in place to minimise the pollution.
Business
By Business Reporter
17h ago
RBZ deputy governor Innocent Matshe said several measures taken by the central bank early this month, including the launch of the new currency, would stabilise the economy.
Business
By Mthandazo Nyoni
Apr. 25, 2024
In a statement on Wednesday, CBZ said Nyazema started his career at ZB Financial Holdings in 1990, meaning that he is a very experienced banker.
Business
By Blessed Ndlovu
Apr. 25, 2024
ZB Financial Holdings Limited is in the process of being bought by CBZ.
Business
By Blessed Ndlovu
Apr. 24, 2024
The two-day conference was organised by African Export-Import Bank (Afreximbank) and Netherlands-based factoring centre, FCI academy.
Business
By Melody Chikono
Apr. 24, 2024
This resulted in delays in major capital funding transactions.
Business
By Business Reporter
Apr. 24, 2024
Invictus said the MoU was non-binding until definitive agreements consisting of a gas sale and purchase agreement (GSPA) was entered into by all parties involved.
Business
By TAFADZWA MHLANGA
Apr. 24, 2024
Venturing into the factoring business requires confidence, according to Isaak Manikai, an associate at Dube, Manikai & Hwacha Legal Practioners.
Business
By Business Reporter
Apr. 23, 2024
The three-day event facilitates business interactions, networking, exploring trade opportunities for economic rejuvenation, attracting investments and fostering innovation.
Business
By TAFADZWA MHLANGA
Apr. 23, 2024
Operating expenses for the year 2023 amounted to US$5,18 million compared to US$2,49 million the previous year, representing a US$2,68 million increase.
Business
By Mthandazo Nyoni
Apr. 23, 2024
According to the RBZ, SMEs account for only 4% of the total loans, despite them making up an estimated 70% of the economy.
Over the past few years, due to an increase of geopolitical tensions and worsening climatic conditions, Zimbabwe’s mining and agriculture sectors have, respectively been hit hard.
Business
By Tatira Zwinoira
Apr. 23, 2024
A model law on factoring that enabled countries to create a conducive legal and regulatory environment was developed in 2016 and has since been used by seven countries in passing factoring laws.
Business
By Business Reporter
Apr. 22, 2024
The conference will be opened by Reserve Bank of Zimbabwe deputy governor Jesimen Chipika.
Business
By Business Reporter
Apr. 22, 2024
Charamba said she was impressed to see the number of companies which exhibited at Agritech Expo.
Business
By Mthandazo Nyoni
Apr. 22, 2024
He further noted that operating expenses increased by 55% from US$30 million in 2022 to US$46,7 million in the year under review.
Business
By Tatira Zwinoira
Apr. 22, 2024
Ncube said Treasury was expecting to raise US$250 million per year through the new taxing regime introduced this year.
Business
By TAFADZWA MHLANGA
Apr. 22, 2024
The RBZ boss said Treasury should approach the central bank just like any other depositor.
Business
By Tatira Zwinoira
Apr. 21, 2024
Mushayavanhu said he was in September last year told that he was going to be governor and began consultations.
Business
By Tatira Zwinoira
Apr. 19, 2024
The call National Biotechnology Authority chairperson Zeph Dhlamini comes as the El Niño-induced drought has plagued the 2023/24 agricultural season.
Business
By TAFADZWA MHLANGA
Apr. 19, 2024
The expo is a premier event in Zambia for showcasing the latest agricultural technology, products and services.
Business
By Mthandazo Nyoni
Apr. 19, 2024
The Deeds Search Hall was in a deplorable state owing to years of wear and tear as well as inadequate maintenance of facilities.
Business
By Business Reporter
Apr. 18, 2024
The project scope includes construction of the dam wall for US$1,4 billion, power station at US$1,3 billion and other aspects giving a total of US$4,5 billion.
Business
By TAFADZWA MHLANGA
Apr. 18, 2024
Farai Chimba, the former president of HAZ, told NewsDay Business recently that the industry needed a combination of finance sources to be saved.
Business
By Freeman Makopa
Apr. 17, 2024
To achieve this, the governor said it was imperative to acknowledge that “our strategy will be in our structure”.
Business
By Mthandazo Nyoni
Apr. 17, 2024
In a bid to enhance the credit infrastructure and promote financial inclusion, the central bank established the collateral registry in November 2022.
Business
By Mthandazo Nyoni
Apr. 17, 2024
Companies that have strong financial positions and foreign currency generation, according to the firm, were expected to perform well in the outlook.
Business
By Melody Chikono
Apr. 17, 2024
Total assets of the group improved to US$85,8 million, mainly driven by growth in contracts, in progress and contracts receivables.
Business
By BELINDA CHIROODZA
Apr. 16, 2024
This is aimed at establishing a firm foundation for implementation of ESG aspects.
Business
By TAFADZWA MHLANGA
Apr. 16, 2024
The required piping and valves are expected to load for site today, and the expectation is that fitment could be complete as early as the week commencing April 22, 2024.
Business
By Mthandazo Nyoni
Apr. 16, 2024
The research firm named Delta Corporation Limited and Nampak Zimbabwe as its top picks for the year.
Business
By Mthandazo Nyoni
Apr. 16, 2024
The internet penetration rate in Zimbabwe is estimated to be sitting at 40,52%, and the number of households with internet access at home is forecast at 3,24 million.
Business
By Melody Chikono
Apr. 15, 2024
During the questions and answer segment, Bulawayo City Council economic development officer Kholisani Moyo said the new measures were long overdue.
Business
By JERSSIE MPOFU
Apr. 15, 2024
Kambasha said investing in critical skills in the promotion of the SMEs would result in ripple effects in the growth of the economy which is the thrust of NFIS II.
Business
By Business Reporter
Apr. 15, 2024
The mine is being resuscitated by the Chinese firm, Yahua Group.
Business
By Blessed Ndlovu
Apr. 15, 2024
Oramah said a lot has happened in two years with 11 out of the 15 CARICOM states having signed the Afreximbank partnership agreement.
Business
By Ndamu Sandu
Apr. 14, 2024
At a Monetary Policy review meeting, ZNCC president Mike Kamungeremu conducted a snap survey on whether business would support Mushayavanhu’s measures.
Business
By Melody Chikono
Apr. 12, 2024
RTG said that the strategic partnership was basically growth-oriented and specifically for the creation of new value.
Business
By BELINDA CHIROODZA
Apr. 12, 2024
Participating at the Agritech Expo presents an opportunity for local suppliers to get new markets for the products and services and hence begin trade.
Business
By Business Reporter
Apr. 12, 2024
The declaration also emphasised the need for greater international cooperation and partnerships to achieve these goals.
Business
By Melody Chikono
Apr. 11, 2024
Zimbabweans are an injured people. We have lost a lot of value in savings and investments and there is very little trust of the local currency, but he [Mushayavanhu] is new.
The sector should also prioritise fair treatment of policyholders and pension scheme members in line with the treating customers fairly framework, he said.
Business
By Mthandazo Nyoni
Apr. 10, 2024
The price decline for PGMs was mainly attributable to abundant supplies in the face of deteriorating global macro-economic conditions which generated subdued demand.
Business
By Mthandazo Nyoni
Apr. 10, 2024
This comes as the Zimbabwe National Chamber of Commerce estimates the informal sector to be valued at US$42 billion.
Business
By TAFADZWA MHLANGA
Apr. 10, 2024
ZSE said all the ZSE indices would be re-based to 100 basis points.
Business
By Business Reporter
Apr. 9, 2024
In a statement, Caledonia chief executive Mark Learmonth said Mufara boasts of over 25 years experience in the mining sector in southern Africa, including 13 years in leadership
Business
By Melody Chikono
Apr. 9, 2024
SMEs have struggled to access funding from banks as they do not have the required collateral demanded by financial institutions.
Business
By TAFADZWA MHLANGA
Apr. 9, 2024