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Nqobile Tshili, [email protected] PRODUCTIVE sectors have started drawing from the US$958 million special drawing rights (SDRs) received from the International Monetary Fund to facilitate industry capacitation and local employment. The IMF said the injection of SDRs was intended to help the global economy cope with the massive setback induced by the Covid-19 pandemic and the […]
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Nqobile Bhebhe, [email protected] CALEDONIA Mining Corporation Plc has released its financial results from 2023 and also announced plans to expand its Zimbabwean operations. The mining entity plans to establish itself as a multi-asset gold producer, with an ambitious goal to produce more than 250 000 ounces of gold per year. Its immediate strategic focus will […]
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Michelle Moyo, [email protected] THE Department of Veterinary Technical Services, in partnership with the Department of Livestock Research, has launched a national artificial insemination programme to boost the national herd. Artificial insemination, a biotechnological method of collecting semen from a bull and manually depositing it into the reproductive tract of a cow, is an important method […]
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Sikhulekelani Moyo, [email protected] PORTLAND Pretoria Cement (PPC) Limited has reported a 27,6 percent increase in group revenue for the 10 months ending January 31, driven by growing demand for cement in the country due to Government infrastructure development projects and private residential construction. PPC Zimbabwe recorded a 41 percent increase in cement volumes during the […]
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Nqobile Bhebhe, [email protected] KAMATIVI female residents have appealed to lithium-focused mining entities to have a gender balance in their recruitment process saying current trends favour males. Kamativi in Matabeleland North Province, is witnessing renewed interest and exploration related to lithium mining. Companies are actively tapping into Kamativi’s mineral wealth, breathing new life into the region. The […]
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Michael Magoronga, Midlands Correspondent RENOWNED businessman and banker, Dr Nigel Chanakira has challenged entrepreneurs to be innovative and formulate strategies which are relevant to the prevailing economic situation. Speaking during a Kingdom Affluent Master (KAM) meeting with the business community in Kwekw on Good Friday, Dr Chanakira said the economic situation requires business people who […]
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Nqobile Tshili, [email protected] TREASURY is set to revise the country’s economic growth projections for this year, taking into account the impact of the El Nino-induced drought on agriculture, which is expected to have a knock-on effect on other sectors. Agriculture is Zimbabwe’s main economic activity and the drought has already crippled food supplies, with the country […]
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Sikhulekelani Moyo and Amos Mpofu, Chronicle Writers A GROUP of workers from retail clothing chain, Power Sales, yesterday besieged the company’s Belmont factory in Bulawayo in protest after being served with retrenchment notices reportedly without clarity on their benefits. Some of the disgruntled workers reportedly spent Wednesday night at the factory demanding to meet management for […]
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Sikhulekelani Moyo, [email protected] THE Buy Zimbabwe Campaign (BZC) has commended the decrease in trade deficit between January and February 2024 saying the trend was a positive indicator for the economy. According to the Zimbabwe National Statistics Agency (ZimStat), trade deficit dropped 44 percent, narrowing from US$147 million recorded in January to US$81,4 million recorded in February […]
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THE Small and Medium Enterprises (SMEs) sector in Zimbabwe has grown tremendously over the years and now contributes more than US$8,6 billion to the Gross Domestic Product (GDP) as well as employing 4,8 million people on a full-time basis, a Cabinet Minister said on Thursday. Women Affairs, Community, Small and Medium Enterprise Development, Monica Mutsvangwa, […]
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Business Reporter INCREASED demand for loans in both foreign and local currency drove Stanbic Bank Zimbabwe’s profit after tax to $744 billion for the year ended December 31, 2023, up by 210 percent from $240 billion in the prior year in inflation adjusted terms. The positive performance enabled the company to defy the challenging operating […]
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Bongokuhle Moyo PRESIDENT Mnangagwa appointed John Mushayavanhu as the Governor of the Reserve Bank of Zimbabwe for five years beginning on 28 March 2024 and ending on 27 March 2029. Minister of Finance, Economic Development and Investment Promotion Professor Mthuli Ncube in General Notice 410 of 2024 said: “It is hereby notified that His Excellency […]
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LABOUR organisations should engage employers who are not remitting contributions to pension funds in order to protect members against old age poverty as several local authorities and other entities are in a combined $179 billion arears, the industry regulator has said. Employers that deduct pensions contribution are required in terms of section 16(3) of the Pensions […]
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Online Reporter THE official Zimbabwe Expo 2025 Osaka logo was unveiled today in Harare. Zimbabwe, reports the Ministry of Information, Publicity and Broadcasting Service, will participate at Expo 2025 Osaka, Japan, from 13 April to 13 October 2025 under the national theme “Beyond the Limit.” Expo 2025 Osaka will run under the theme “Designing Future […]
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