Business

Business

BY DONALD NYANDORO Unitrans Africa has partnered the National Railways of Zimbabwe (NRZ), Caminhos de Ferro de Mocambique (CFM) and Traxtion in repairing rail link between Maputo Port and ...

BY SHAME MAKOSHORI HEADWINDS confronting Zimbabwe’s tourism sector could mutate into fierce storms in the months ahead as markets fight to keep afloat in the midst of the ...

BY TATIRA ZWINOIRA ZB FINANCIAL Holdings (ZBFH) recorded a 45% decline in its profit-after-tax (PAT) to $1,06 billion in 2020, owing to a decline in total income as ...

BY BUSINESS REPORTER The Reserve Bank of Zimbabwe (RBZ) has issued a $50 dollar note, to add to the $2, $5, $10 and $20 notes which are already ...

BY FIDELITY MHLANGA FEARS of a potential collapse of Zimbabwe’s tobacco auction system mounted last week, with official data indicating that auction floors were trailing way behind revenues ...

BY MTHANDAZO NYONI MAIZE and soyabeans farmers yesterday ratcheted pressure on government to switch to a United States-dollar payment model, and backed a new policy classifying the two ...

BY CHIEDZA KOWO AGRO firm, CFI Holdings Limited (CHL) is stepping up talks with the Zimbabwe Stock Exchange (ZSE) to resolve outstanding issues over the suspension of its ...

BY FIDELITY MHLANGA GOLD output plunged to seven tonnes in the first five months of 2021 from 9,2 tonnes during the same period last year, figures from Fidelity ...

ZIMBABWE faces prolonged power outages after a surge from South African electricity imports overloaded its network and caused generating plants to fail, Energy minister Zhemu Soda said. The ...

BY TATIRA ZWINOIRA DIVERSIFIED firm TSL Limited says it is closely watching the growing US dollar inflation being witnessed in the market to ensure the group’s operations remain ...

Between 2014 and 2020, more than ten thousand Zimbabwean students were admitted to various universities in the US. Statistics from the US Embassy in Zimbabwe show that Zimbabwe ...

By Kudzai Kuwaza THE Employers Confederation of Zimbabwe (Emcoz) has warned against a blanket COVID-19 lockdown which it says will blunt the recovery that business had experienced during ...

BY FIDELITY MHLANGA and TAURAI MANGUDHLA SOUTH African electric vehicle firm, Agilitee Africa, which recently acquired a Zimbabwean electric vehicle dealership, is  spreading its wings  in the Southern African region ...

BY TATIRA ZWINOIRA ENERGY firm, Invictus Energy Limited (IEL) says its seismic contractor, Polaris Natural Resources Inc, for the Cabora Bassa Project has begun hiring staff to commence ...

BY BUSINESS REPORTER THE Grain Marketing Board (GMB) has sought to absolve itself and government of any wrongdoing after Auditor-General Mildred Chiri revealed in her 2019 report that ...

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, ...

Casinos have always been on the cutting edge of marketing, especially land-based casinos because they offer things such as free drinks, free rooms at hotels, free chips to ...

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 ...