Business

Business

THE Zimbabwe Revenue Authority (Zimra) says seizure of contraband has risen significantly over the past few days after it tightened screws on cross-border traders involved in smuggling of goods across the country’s border posts. ...

ZIMBABWEANS will on Monday hold crucial elections, where they will be choosing the country’s next President and Members of Parliament to guide the nation in the next five years. ...

PRESIDENT Emmerson Mnangagwa has urged mining companies to adhere to the country’s environmental laws to avoid land degradation and environmental pollution during their operations. ...

Standards Association for Zimbabwe (SAZ)’s director-general, Eve Gadzikwa, yesterday urged companies in the insurance sector to maintain quality standards for the benefit of their customers. ...

MOBILE telecommunications firm, NetOne, says its mobile financial service — OneMoney — increased its active subscribers by more than 49% in the first quarter of the year, due to the increase in the use of electronic money in the country. ...

PRESIDENT Emmerson Mnangagwa has encouraged Delta Corporation Limited to explore the export market and also consider investing into the regional market to help secure foreign currency for the country. ...

ZIMBABWE’S raw milk production is projected to grow by an average of 12% in 2018, buoyed by government’s dairy revitalisation programme which aims at increasing the national herd, an official has said. ...

FARMVEST has launched a new investment opportunity which will allow locals and the diaspora a chance to invest in a part ownership purchase of agricultural equipment to be rented out to farmers. ...

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has bemoaned the abuse of social media by other members of the society, saying the practice had cost the nation socially, financially and economically. ...

TOURIST arrivals at Matobo National Park surged 11% to 11 513 during the first quarter of the year, spurred by the growth in both foreign and domestic arrivals, an official has said. ...

PRIVATE Hwange coal miner, Makomo Resources, says it expects to ramp up its production in the third quarter of this year to surpass last quarter’s figures by 50% following acquisition of new machinery. ...

The Zimbabwe Miners Federation (ZMF), an umbrella board representing small-scale miners, recently elected a new leadership led by the former Zimbabwe Football Association administrator, Henrietta Rushwaya. NewsDay (ND) business reporter Mthandazo Nyoni caught up with ZMF’s newly-elected secretary-general Lindi Mpofu (LM) to discuss issues affecting the sector and listen to the executive’s vision. Find below excerpts of the interview. ...

THE Zimbabwe Electricity Transformation and Distribution (ZETDC) yesterday said 100 000 of its customers were still to migrate to the smart prepaid metering system aimed at optimising electricity ...

TOTAL assets in the pension industry declined by 6,5% to $4,03 billion in the fourth quarter of last year due to a shrinkage in equity investments that were affected by a drop in equity prices. ...

THE Diaspora Infrastructure Development Group (DIDG) has appointed Imara Corporate Finance and EY South Africa as its advisors to set up the Collective Investment Scheme meant to allow ...

Infrastructure is the backbone of economies throughout the universe. An efficient and well-maintained infrastructure is critical in sustaining an economy. ...

ECONET Wireless has launched “EcoSure Moovah”, a short-term motor vehicle insurance product targeting the over one million uninsured vehicles in the country. ...

Local farmers have been urged to grow sesame seeds for export with indications that global imports of the oldest oilseed crop raked in $2,2 billion in 2017. ...

SMALL-SCALE miners have called on the government to parcel out land to artisanal and small-scale miners to increase the gold output, as they produced 2,8 tonnes of gold in the first quarter. ...

SEED Co Limited board has proposed to its shareholders to partially unbundle 71% of its Seed Co International Limited shares by way of a pro rata dividend-in-specie distribution as part of a strategy to unlock shareholder value for its continental operations. ...

PARALLEL market rates have finally hit 100% when using EcoCash or bank transfers to buy the greenback, the first time they have reached such a rate since dollarisation and the main question now is how and why we got here. ...

While it may not be the mandate of development organisations to build manufacturing industries in developing countries, pouring billions of dollars in agricultural production is not lifting people out of poverty. For every $1 billion invested in agricultural production, another $1 billion should be invested in agro-processing and other value added services to reduce losses and generate sustainable employment. ...

THE Tobacco Industry Development Support Institute (TIDSI) for Southern Africa has hailed contract farming, as it has improved the quality and quantity of tobacco. ...

TEXTILE company, Merlin, expects to finalise arrangements on the $5 million funding facility from government in the next “few” weeks, an official has said. ...

GABORONE — Botswana, home to the world’s largest elephant population, may lift a ban on hunting for sport in the face of what the government says is growing ...

ZIMBABWEAN mining companies recently clinched business deals worth over $3 million at the just-ended DRC Mining Week, ZimTrade has said. ...

ZIMBABWEAN mining companies recently clinched business deals worth over $3 million at the just-ended DRC Mining Week, ZimTrade has said. ...

TEXTILE company, Merlin, expects to finalise arrangements on the $5 million funding facility from government in the next “few” weeks, an official has said ...

“Cigar-wrapper has less labour, yet it’s lucrative and you don’t need to cut down trees since it doesn’t require fire to dry it,” she said. ...

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will soon establish a price-regulating team to control chrome prices for the international and domestic markets. ...