Business

Business

This year’s edition of the Mining, Engineering and Transport (Mine Entra) expo is already 93% booked, a sign of growing business confidence in the sector and strong international interest in doing business with Zimbabwe. ...

The directors of Tristar Insurance Company Limited (Tristar), a short-term insurance unit of First Mutual Holdings Limited (FML), have passed a resolution to seek the approval of the Minister of Finance and Economic Development to transfer its business to NicozDiamond Insurance Limited (NicozDiamond). ...

MINES minister Winston Chitando says the national diamond policy, which is expected to improve the governance of the sector, is now “imminent”. ...

SMALL-SCALE chrome miners have engaged the Mineral Marketing Corporation of Zimbabwe (MMCZ) to adopt a market-based pricing system to cut out losses and nurse the sector back to viability. ...

GOVERNMENT has committed 1% of gross domestic product (GDP) towards research and development (R&D) across all sectors of the economy, President Emmerson Mnangagwa has said. ...

POULTRY feeds production increased by 46% to 98 586 tonnes in the second quarter of the year and generated more than $63 million in revenue compared to the ...

ZIMBABWE’S edible oils sector says it remains viable inspite of intermittent stockouts, but faces challenges related to low soya output and a persistent shortage of foreign currency to ...

ZIMBABWE Revenue Authority (Zimra) and its employees have clashed over loss control lifestyle audits after the board approved a policy which permits use of the audit findings as ...

STATE-OWNED mobile operator, NetOne, is set to launch a state of the art converged billing and business support system which will offer seamless services to all the end ...

President Emmerson Mnangagwa has returned the Mines and Minerals Amendment Bill of 2015 to Parliament to have sticking issues addressed before he can sign it into law. ...

JAMES North Zimbabwe, the largest producer of industrial protective wear and tarpaulins, projects output to increase well above 60% in 2018, buoyed by increased demand from the formal sector, currently in progressive recovery. ...

THE Zimbabwe Youth in Tourism (ZYT) is hosting a five-day conference in Bulawayo to market Brand Zimbabwe as well as engage in dialogue that will enhance youth business entrepreneurial skills. ...

AMTEC Motors (Amtec), a local automotive dealer specialising in vehicle sales, spare parts and accessories and vehicle servicing, says it has positioned itself for future growth, buoyed by strong automotive industry prospects in the outlook. ...

Dual-listed Cafca expects to report full-year earnings that are substantially higher than 2017 and were driven down by a decline in volumes. ...

THE year on year inflation rate gained 0,54 percentage points to 4,83% in August, the Zimbabwe National Statistical Agency (ZimStat) said yesterday. ...

Zimbabwe has the second most expensive mobile data in sub-Saharan Africa after Equatorial Guinea at $25 for one gigabyte, a technology report released last week has shown. ...

Delta Corporation (Delta) a local beverage maker, says it is committed to funding local innovation, promoting entrepreneurship among youths and supporting small-enterprise investment projects with a high impact ...

Exchange rates on Zimbabwe’s parallel market have risen sharply in the past week to 100% for real time gross settlement (RTGS) transfers, triggering fears of more price increases. ...

Fidelity Printers and Refiners (Fidelity), the country’s sole gold buyer, says gold output could hit 50 tonnes in two years on the back of a central bank support ...

ZimTrade, Zimbabwe’s export promotion institution, has called for the deepening of valued-added manufacturing on current exports to Germany to diversify the country’s export basket and scale up global value chains. ...

A CUSTOMER service symposium held last week attracted Zimbabwe’s top entrepreneurs and firms, including quoted companies who gathered in Harare to explore strategies on how the country could catch up with the rest of the world on issues of service quality. ...

Masimba Holdings, a Zimbabwe Stock Exchange-listed contracting company, expects Zimbabwe’s infrastructure sector to recover strongly in the outlook and drive its contracting business. ...

Sino Zimbabwe Cement Company (Sino-Zim) says it plans to export cement to countries in northern Africa and grow its export market by 300% in the near future. ...

FIRST Mutual Holdings Limited’s (FMHL) acquisition of NicozDiamond Insurance Company Limited (NDIL) helped boost its profit after tax by 102% to $8,66 million for the half year period ...

THE Pharmaceutical Manufacturers’ Association of Zimbabwe (PMAZ) says for the country’s pharmaceutical sector to enhance its capacity and make significant contribution to public health, employment, economic and scientific ...

THE Competition and Tariff Commission (CTC) has ordered the Zimbabwe Electricity Transmission and Distribution Company (ZEDTC) to open its tenders to all qualified bidders following allegations of anti-competitive ...

THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate effort to ramp up foreign currency earnings. ...

The International Monetary Fund (IMF) has appointed Patrick Amir Imam as Zimbabwe’s resident representative, replacing Christian Beddies, who has been in the country since 2014. ...

COLD Storage Company (Ltd), a beef producer with refrigerated warehousing, has downscaled its operations and put its employees on a “short time” work schedule under which they will now be paid based on the actual number of “man-hours” worked. ...

METBANK says it will focus its lending business on mortgage financing and commercial banking products that promote financial inclusion under a strategic plan that will determine the direction of the institution on a five-year horizon. ...