Business

Business

Zimbabwe’s investment outlook remains gloomy with this year’s harmonised elections likely to generate uncertainties, the African Development Bank (AfDB) has said. ...

President Emmerson Mnangagwa yesterday pleaded for patience, saying his government would publish to the nation its achievements after its first 100 days in office. ...

THE Zimbabwe National Chamber of Commerce (ZNCC) says this year it will run under the theme: Enterprise Development, Corporate Entrepreneurship and Sustainable Growth, as it looks into strengthening entrepreneurial management skills through capacity building and training to foster adoption of good workplace practices in small and large enterprises. ...

Alphabet Inc’s Google is making its second attempt in less than a year to protect advertisers on its YouTube user channels from being associated with videos featuring violence, gore or bad language. ...

GOVERNMENT is pursuing both economic and political re-engagements with international partners to normalise relations with key global economic giants to reverse years of isolation, Finance and Economic Development minister Patrick Chinamasa has said. ...

RAINBOW Tourism Group (RTG) shareholders on Tuesday gave the nod to resolutions that seek to raise $22,5 million through a rights offer of ordinary shares and linked debentures to settle its debt and raise working capital. ...

THE Meat Processors’ Association of Zimbabwe (MPAZ) says the 40% duty on imported mechanically deboned meat (MDM) is now hurting the meat processing industry, as it pushed up the cost of production to unsustainable levels. ...

Thomson Reuters Corp yesterday published its debut, Top 100 Global Technology Leaders list with Microsoft Corp in the number one spot, followed by chipmaker Intel Corp and network gear maker Cisco Systems Inc. ...

THE availability of the United States dollars in the country could improve in 2018 although cash shortages are expected to continue, according to a new survey by the Investments Professionals Association of Zimbabwe (Ipaz). ...

Automakers and lawmakers expressed hope on Tuesday that the US Congress would soon pass a stalled bill aimed at speeding self-driving cars to the market, even as safety advocates argued for more performance requirements. ...

EcoCash has partnered a local micro finance company to purchase bonds, which is set to raise $1 million in debt financing for start-ups and small businesses. ...

THE price of petrol and Diesel-50 has gone up by two cents to $1,41 per litre on the back of a rise in “free on board” (FOB) prices, a move that is expected to trigger another round of price increases of basic commodities. ...

FOOD demand and supply systems like informal markets can be powerful pathways for bringing science closer to local communities in developing countries. ...

American comedian Stephen Colbert could not have said it any better remarking that facts matter not at all. He said perception is everything. It's certainty, Colbert said. ...

TEXTILE company, Merlin, which resumed operations this year, says in the next few months it will flood the local market with its products and also open up export markets. ...

TROUBLED steel manufacturer, Ziscosteel, has called for an extra-ordinary meeting of shareholders next month, to approve the takeover of its debt by government, paving the way for the sale of the company’s assets to Tian Li (Hong Kong) Limited. ...

DEPUTY Chief Secretary in the Office of the President and Cabinet Ray Ndhlukula has sent a chilling warning to parastatal heads to adhere to the country’s procurement laws or risk being jailed. ...

HARARE and Bulawayo have the lowest economic activity rate despite having the largest economically active workforce, a new survey has shown. ...

CALEDONIA Mining Corporation Plc has achieved a full year gold production of 56 135 ounces (1,59 tonnes), up 11,4% from the 2016 output despite a slow production in the first half of 2017, the company said yesterday. ...

GRAIN millers in the southern part of the country say they are not threatened by the looming drought, as the Grain Marketing Board (GMB) has enough stocks of grain to take them to next year. ...

Time Bank will let bygones be bygones provided the Reserve Bank of Zimbabwe (RBZ) honours its side of the bargain, but has turned the heat on former governor Gideon Gono for the manner in which he handled the bank’s dispute with the regulator. ...

SMALL-SCALE miners in Zimbabwe are targeting to produce 35 tonnes of gold this year, up 165% compared to last year’s achieved figures, an official has said. ...

The Porters Five Forces model has its benefits and it’s important to acknowledge that every good review tool has its own weaknesses. ...

GOVERNMENT has issued a moratorium to unregistered tour operators to register by April 1 this year, or face a “blitz” from the authorities. ...

Mobile telecommunications giant, NetOne, is recruiting over 1 000 brand ambassadors nationwide to market its mobile money platform, OneMoney. ...

TONY Elumelu Foundation (TEF) has announced the fourth cycle of its entrepreneurship programme, which offers seed capital to young entrepreneurs-businesses across Africa. ...

Zimbabwe’s largest polystyrene manufacturer, Planas Trading has ceased operations, laying off about 70 employees after government invoked a ban on kaylite packaging last year. ...

The construction industry plays a critical role in the growth of the economy. Despite its significance in the economy, the sector continues to reel under critical funding constraints, as local banks impose stringent borrowing conditions against the backdrop of liquidity challenges. ...

Oil Expressers Association of Zimbabwe (OEAZ) is targeting to increase soya beans hectarage to 120 000 within four years to avert a shortage of the most critical ingredient in cooking oil making. ...

LISTED agro-industrial concern Border Timbers Limited (BTL) are pinning their hopes on the tax arrears moratorium prescribed by the National Budget after its exit from judicial management was stalled by legacy taxes owed to Zimbabwe Revenue Authority (Zimra). ...