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A Zimbabwean businessman has made the Forbes Africa’s 30 under 30 list, which shows the 30 most promising entrepreneurs from around the continent, across various sectors. “This is the most important list of the year for Forbes Africa. “If one young African reads it and is inspired enough to start a business,
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Bianca Mlilo Business Reporter— FIFTEEN bakeries have shut down in the country since the beginning of this year due to operational constraints facing the sector, the National Bakers Association of Zimbabwe (NBAZ) has said. Players in the confectionery industry have been facing a myriad of challenges mainly lack of working capital and
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ZIMBABWE cement manufacturers have called for a reduction in the price of electricity after exports into the region dried up as high production costs make local products uncompetitive. Industry representative, Kelibone Masiyane, on Friday told a meeting organized by the Ministry of Industry and Trade to discuss
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CANADIAN junior miner, Caledonia, says its gold mining asset in Zimbabwe has paid the government at least $50 million in taxes in the past seven years. Its latest report entitled, “Government revenues from mining: A case study of Caledonia’s Blanket Mine’’, the company said these revenues were expected to rise as
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Business Reporter THE Competition and Tariff Commission (CTC) of Zimbabwe has received an excellence award from the World Bank in recognition of its hard work in competition advocacy in the country. CTC outgoing chairman, Dumisani Sibanda, who is also a businessman and consultant, received the award on behalf of
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Oliver Kazunga ,Senior Business Reporter THE establishment of the National Building Society (NBS) will create thousands of jobs in the economy directly and indirectly through various construction projects, National Social Security Authority (NSSA) board chairman, Robin Vela said yesterday.
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Bianca Mlilo, Business Reporter THE Confederation of Zimbabwe Retailers (CZR) says the introduction of bond notes will enhance business operations and ease foreign exchange pressures.
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Business Reporter THE Competition and Tariff Commission (CTC) of Zimbabwe has received an excellence award from the World Bank in recognition of its hard work in competition advocacy in the country.
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Fairness Moyana in Hwange DEBT-RIDDEN coal miner, Hwange Colliery Company Limited (HCCL)’s equipment attached over unpaid debts was yesterday saved from going under the hammer after a public auction was cancelled.
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Bianca Mlilo, Business Reporter OLD Mutual Investment Group has announced a deal to increase its overall effective equity stake in African agriculture investment group, UFF African Agri Investments, to 49 percent.
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Oliver Kazunga, Senior Business Reporter A FORENSIC audit will soon be carried out at the National Railways of Zimbabwe (NRZ) to examine what has been happening at the parastatal in the past five years, an official said yesterday.
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Business Reporter THE Zimbabwe Power Company (ZPC) will hold a public hearing on the $87 million upgrade of the Bulawayo Power Station on Monday next week.
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STRUGGLING National Railways of Zimbabwe (NRZ) is losing $250,000 a day and has lost over $14 million overall as its workers continue their strike over unpaid wages, the parastatal chairman, Larry Mavima, said on Tuesday.
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The Reserve Bank of Zimbabwe (RBZ) will now hold 80 percent of all tobacco receipts for distribution to other banks while the receiving bank shall retain 20 percent.
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