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Brighton Gumbo Business Reporter POULTRY farmers say they have sufficient chickens to meet demand for poultry products during the festive season in the country. Zimbabwe Poultry Farmers’ Association chairman, George Nare, told Business Chronicle the sector was flooded with players who have made major investments in procuring equipment to
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Dosman Mangisi recently in Harare ECONOMISTS say “too many” roadblocks on the country’s roads have a negative effect on trade relations, which affects investment while fuelling corruption. Speaking during the 2015 industrial development workshop organised by the Zimbabwe National Chamber of Commerce (ZNCC) in conjunction
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Harare Bureau THE government and the International Fund for Agriculture and Development have signed a five-year $60 million facility for sustainable poverty eradication and improvement in food and nutrition security in semi-arid areas of Zimbabwe. The development objective of the programme is to sustainably increase
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BASED on the results of a six-month diamond core drilling programme, London-listed Caledonia Mining has added 222,000 tonnes of new inventory to the indicated resource category at its Gwanda-based Blanket Mine, in Zimbabwe, as well as a further 283,000 tonnes to the inferred resource category. The
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Johannesburg — Actis is investing R760 million into Food Lover’s Market to boost its local growth potential and is acquiring a substantial minority stake at the same time. Actis, which invests in emerging markets, announced the move in a statement on Friday. The company notes Food Lover’s Market is one of the
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Oliver Kazunga Senior Business Reporter THE Common Market for Eastern and Southern Africa (Comesa) says about 95.9 percent of all non-tariff barriers to regional trade within the bloc have been resolved since 2008. According to a status report presented to the 35th Comesa Intergovernmental Committee (IC) which concluded its three-day meeting in
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Brighton Gumbo Business Reporter— ZIMBABWE has set up a special committee to fast-track the review of the Insolvency Act as part of measures to stimulate investment in the country. The legal reform is part of the on-going “ease of doing business” programme, which is spearheaded by the Office of the President and Cabinet in conjunction with the
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LISTED seed producer SeedCo narrowed its loss after tax to $5.5 million in the six months to September 30, 2015 from $7.6 million in the prior comparable period. This was on the back of a rise in volumes, reduced finance charges and exchange rate gains, said the group, which has operations in Botswana,
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Oliver Kazunga Senior Business Reporter ZIMPLATS says it is ready to operationalise an employee share ownership scheme once it is approved by the Reserve Bank of Zimbabwe. The workers would have 10 percent shareholding in the mining firm. Zimbabwe’s indigenisation and economic empowerment regulations gazetted in 2010 compel foreign-owned
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BOTSWANA-listed retail giant, Choppies, which has operations in Zimbabwe, has opened its first store in Zambia located at Tafika Commercial Centre in Kanyama. Kanyama is a city situated about six kilometres southwest of Lusaka. Group chief executive officer, Ram Ottapathu said the 1,000 square metre
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Oliver Kazunga, Senior Business Reporter ZIMBABWE has earned more than $700 million from 125,4 million kilogrammes of tobacco exported to different parts of the world since the beginning of the year.
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THE African Union, an alliance of 54 countries, has announced a plan to mobilise $20 billion to develop at least 10GW of renewable energy on the continent by the end of the decade.
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STRUGGLING Bulawayo firm, Marvo Stationery Manufacturers, has failed in its bid for a second loan from the Distressed Industries and Marginalised Areas Fund (Dimaf) and is likely to be liquidated, its judicial manager has said.
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Harare Bureau NAMPAK Zimbabwe, formerly Hunyani Holdings Limited, has invested $8,6 million on plant and machinery to increase capacity and product range.
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