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Prosper Ndlovu, Chronicle Writer THE National Railways of Zimbabwe (NRZ) has embraced an “open access business model” that is anchored on harnessing more business through strategic partnerships, as part of efforts to grow revenue and facilitate enhanced capital investments to improve business efficiencies. Public affairs and stakeholder relations manager, Mr Andrew Kunambura, said as part […]
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Chronicle Writer ZIMBABWE’S largest telecommunications and technology company, Econet Wireless, has achieved an Africa first by opening two free remittance corridors into the country, completely eliminating the cost to both sender and receiver. Econet has partnered with its sister company, Sasai Money Transfer, to enable individuals and companies in the United Kingdom and South Africa […]
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Business Writer Zimbabwe’s milk production rose 21 percent to 27,3 million litres during the first quarter of 2024 from 22,61 million litres in the same period last year, the latest data shows. It comes as the Zimbabwe Association for Dairy Farmers (ZADF) is expecting reduced feedstocks in the form of roughage (maize silage) and protein […]
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Nqobile Bhebhe, [email protected] Rainbow Tourism Group (RTG), a prominent player in the hospitality industry, is buoyed by the Government’s emphasis on infrastructural development saying it is crucial for boosting tourism and improving inter-city travel. In a statement accompanying the group’s financial results for the year ended December 31, 2023, RTG board chairperson, Douglas Hoto said […]
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Sikhulekelani Moyo, [email protected] DESPITE relocating its headquarters from Bulawayo to Harare, Edgars Limited has made a significant investment in the industrialisation of Bulawayo, investing approximately US$1 million in new equipment and creating employment opportunities for 700 people in the city. The relocation of the headquarters allowed Edgars to focus on better oversight of its outlets. […]
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Michelle Moyo, [email protected] THREE countries — South Africa, the United Arab Emirates, and China accounted for approximately 79 percent of the total export value of US534,7 million in March while four countries accounted for 67 percent of the total import value of US$719,0 million, according to the Zimbabwe National Statistics Agency. Providing an update on […]
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Sikhulekelani Moyo, [email protected] Diversified agro-processing company, United Refineries Limited (URL), has introduced cooking oil dispensers in major retail outlets in Bulawayo to reduce plastic waste and lower product prices. The Bulawayo-based company’s primary production is cooking oil, with key ingredients being soya bean and cotton seed. URL also manufactures mealie-meal under the Unity brand, washing […]
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Senior Business Writer Caledonia Mining Corporation is anticipated to benefit from rising global gold prices, with revenue forecasted to increase by 17 percent to US$171 million in the 2024 fiscal year, brokerage firm IH Securities has noted. In its analysis, IH Securities highlighted that gold production at Blanket Mine decreased by 7,1 percent year-on-year to […]
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Nqobile Bhebhe, [email protected] THE ASX-listed Zimbabwe-focused oil and gas exploration firm, Invictus Energy, has noted that the US Government’s lifting of the Zimbabwe sanctions programme in place since 2003 removes a hindrance to collaboration and involvement in the project as noted by certain entities previously. Invictus highlights that the development opens up new opportunities for […]
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Nqobile Bhebhe, [email protected] THE Zimbabwe International Trade Fair is a vibrant economic ecosystem whose impact extends far beyond its immediate scope, creating positive ripple effects that benefit various sectors in Bulawayo, ZITF Company board chairman, Mr Busisa Moyo, has said. By fostering connections, showcasing innovations, and facilitating trade, the ZITF plays a pivotal role in […]
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Sikhulekelani Moyo,[email protected] BOTSWANA has hailed Zimbabwe’s Second Republic for its forward-thinking industrialisation policies and innovative business approaches as the strategic initiatives have borne fruit, fostering increased trade between the two countries. Speaking at the Botswana Buyers Forum during the recently concluded Zimbabwe International Trade Fair (ZITF), Botswana Ambassador to Zimbabwe, Sarah Sethabile Molosiwa highlighted the […]
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Nqobile Bhebhe, [email protected] THE implementation of the proposed Zimbabwe International Conference and Exhibition Eco-Park (ZICEEP), a visionary project spearheaded by ZITF Company, set to transform the Zimbabwe International Exhibition Centre into a dynamic 17-acre mixed-use complex should start in earnest, Industry and Commerce Minister, Mangaliso Ndlovu has said. The estimated US$300 million visionary plan aims […]
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Lingani Nyika, [email protected] IN a remarkable achievement, the City of Masvingo emerged victorious in the civic participation category, outshining 92 other local authorities across Zimbabwe at the recent 64th Zimbabwe International Trade Fair (ZITF). The competition, held under the theme “Innovation: the Catalyst to Industrialization and Trade,” showcased the city’s remarkable advancements in service delivery […]
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By Taurai Craig Museka OVER 275 delegates representing factors, export credit agencies, credit insurers, banks, non-banking financial institutions, central banks, multilateral institutions, law firms from 25 nations converged from the 22nd to the 23rd of April in Harare for the Regional Conference on Factoring, Receivables Finance and Credit Insurance in Southern Africa hosted by Factors […]
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