Business

Business

BY FIDELITY MHLANGA A BUNDANT water reserves and consistent power supply will boost this year’s winter wheat production. Zimbabwe Commercial Farmers Union president Shadreck Makombe told NewsDay Business ...

BY MTHANDAZO NYONI REGIONAL cement maker PPC says its Zimbabwean unit grew revenues and earnings before interest, tax, depreciation and amortisation (EBITDA) in functional currency despite a difficult ...

BY MIRIAM MANGWAYA Mining giant, Kuvimba Mining House (KMH) has paid US$5,2 million dividend to its shareholders, including government, for the first time since its establishment a year ...

By Tatenda Square ZIMBABWE Stock Exchange-listed wine and spirit maker African Distillers Limited (Afdis) recorded a growth in volumes for the financial year despite the challenging macroeconomic conditions. ...

BY FIDELITY MHLANGA PROFIT-after-tax for life assurers decreased by 19,31% to $5,14 billion during the first quarter of 2021 from $6,37 billion reported during same quarter last year, ...

BY MTHANDAZO NYONI THE Hospitality Association of Zimbabwe (HAZ) is set to engage government to negotiate for its members to be allowed to resume conference meetings while observing ...

QATAR Airways is adding Zimbabwe to its schedule starting August, the first time that the Doha-based airline flies into the country. A new service connecting Lusaka and Harare ...

BY MTHANDAZO NYONI THE Insurance and Pensions Commission (Ipec) has expressed concern over the failure by funeral assurers to comply with regulatory minimum capital requirements and threatened to ...

BY TATIRA ZWINOIRA THE cost of living for a family of six surged by 13,4% to $40 680 this month, from $35 877 in April following relentless price ...

BY FIDELITY MHLANGA SEVERAL Zimbabwean firms, battling to shake-off an economic crisis, have defaulted on remitting workers contributions to pension funds, putting them at the risk of losing ...

BY WINSTONE ANTONIO YOUNG entrepreneur Gary Ruwona (29) has implored businesses to innovate and embrace technology to increase their market, especially in the COVID-19 induced lockdown. Ruwona, a Co-Founder ...

BY FIDELITY MHLANGA FINANCIAL service provider, National Building Society (NBS) has launched an all-inclusive, local remittances product, NBS Instant Cash. It provides a platform for the banked and ...

BY FREEMAN MAKOPA AT least five projects by independent power producers (IPPs) will come online before the end of this year, adding about 71,5 megawatts (MW) to the ...

BY SHAME MAKOSHORI ZIMBABWE’S trade promotion body ZimTrade, says it plans to take about 100 local companies to Rwanda as part of efforts to unlock trade and investment ...

For many thousands of people, accountancy represents a great career choice. One of the world’s most established and vital professions, this field of economic activity will always be ...

BY MTHANDAZO NYONI NAMIBIA-based Walvis Bay Corridor Group (WBCG) officials will be in Zimbabwe from tomorrow to engage the local business community, industries, economic sectors such as mining, ...

BY SHAME MAKOSHORI ZIMBABWE’s postmaster-general Sifundo Chief Moyo says he has bigger plans for the Pan African Postal Union (PAPU) if he lands the secretary-general (SG)’s role during ...

BY CHIEDZA KOWO FINANCIAL services group, FBC Holdings Limited says it has bought back almost 48 million shares from USheadquartered fund, ShoreCap II Limited and placed them under ...

When Captain Obet Mazinyi (OM) landed a job in Hong Kong in 1991, he was the only black African pilot in that part of China’s special administrative region. ...

BY FREEMAN MAKOPA THE Industrial Development Corporation of Zimbabwe (IDCZ) says it is scaling up the search for a suitor to bolster operations at its flagship fertiliser production ...

Social media is not just a platform for entertainment and fun, as it has become a prominent tool in the business and marketing domain. The digital era has ...

BY SHAME MAKOSHORI PADENGA Holdings’ mining operation, Dallaglio will be the most immediate beneficiary of a planned listing on the underachieving Victoria Falls Stock Exchange (VFEX), Inter Horizon ...

Distributed Power Africa (DPA), a leading renewable energy solutions company, says it is targeting to reduce Econet Wireless Zimbabwe’s diesel consumption by 80% through the use of solar ...

Thrift shopping is something that is actually gaining more popularity as time passes because of the fact that more people are opening up to the concept of owning ...

BY TAURAI MANGUDHLA ZIMBABWE Stock Exchange (ZSE)-listed beverages manufacturer, Delta Corporation yesterday added its voice to growing concerns over policy inconsistency and currency volatility in the country, saying ...

BY MELODY CHIKONO LISTED agro-industrial outfit Zimplow Holdings Limited yesterday said export volumes increased during the five months to May, as government eased COVID-19 restrictions. The firm projects ...

BY FIDELITY MHLANGA ZIMBABWE’S economy will grow by 3,9% this year, underpinned by a good agricultural season and an inflationary slowdown, the World Bank (WB) predicted yesterday. However ...

BY CHIEDZA KOWO REVENUES at the Zimbabwe Stock Exchange-listed retail giant, OK Zimbabwe Limited came off slightly to $34,3 billion during the year ended March 31, 2021 as ...

BY TAURAI MANGUDHLA ZIMBABWE Stock Exchange-listed property investment firm Mashonaland Holdings (Masholds) yesterday officially unveiled its US$4 million cluster housing scheme in Harare’s Bluffhill residential area. The project ...

BY TAKU FUNDIRA Post-independence, Zimbabwe’s beef export industry was thriving up until the end of the millennium. Beyond the well-documented production and marketing challenges that confront the industry, ...