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Harare Bureau The Government is negotiating for a $35,7 million funding facility with the Kuwait Fund for Arab Economic Development to develop the Zhove Irrigation Project in Beitbridge.
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COLCOM chairman Mr John Koumides is stepping down from his role at the listed meat processor and is poised to take up an “executive position” at Axia Corporation.
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Leonard Ncube in Victoria Falls A LOCAL information technology company has donated 10 photocopiers worth over $20 000 to different primary schools countrywide in a partnership deal with learning institutions ahead of implementation of the new education curriculum.
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Harare Bureau TOBACCO farmers who sold their crop during the just ended marketing season will receive a cumulative $30 million as export incentives by the end of this month, the Reserve Bank of Zimbabwe has said.
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PPC Zimbabwe says it expects to increase exports into the region after commissioning an $85 million plant in Harare, which will double the firm’s cement production capacity to 1.4 million tonnes per year.
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Senior Business Reporter ASA Resource Group has closed down its offices in Harare and Johannesburg as part of a rationalisation exercise.
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Business Reporter STATE-OWNED fuel retailer Petrotrade Pvt Limited has declared a dividend of $225 000 after posting a $1.8 million net profit for the full year ended December 2015.
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SOUTH Africa’s historically successful mining industry has crowded out the search and discovery of potential new mines, leaving in its wake a lack of sufficient exploration investment to seek out new ore bodies.
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Oliver Kazunga, Senior Business Reporter METRO Peech Wholesalers in Bulawayo is refusing plastic money and Real Time Gross Settlements (RTGS) platforms from customers when buying cooking oil, claiming suppliers of the commodity are accepting cash payments only.
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GLOBAL and regional airlines plying the Zimbabwe route are on board with respect to using bond notes, a top airlines official has said.
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Bianca Mlilo, Business Reporter THE Reserve Bank of Zimbabwe (RBZ) has licensed 10 new microfinance institutions, bringing the total number of registered MFIs in the country to 173.
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LISTED beverages producer Delta Corporation saw its revenue for the period ended September 30, 2016, slide eight percent to $246 million from $269 million previously.
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Florence Ncube, Victoria Falls Reporter THE National Oil Infrastructure Company of Zimbabwe (NOIC) has called for a ban on the use of haulage trucks to import fuel, saying this was fuelling smuggling of the commodity, damage on roads and environmental hazards.
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HORTICULTURAL firm, Nutriveg, has been placed under final judicial management to help resuscitate operations and recover more than $11,7 million owed to its creditors.
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