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Thupeyo Muleya Beitbridge Bureau The National Social Security Authority (NSSA) is working on plans to complete construction of 64 garden flats in Beitbridge, part of housing projects under the Beitbridge Redevelopment Programme (BRP) initiated in 2007. An acute shortage of funds has seen the BRP project progressing at a snail’s pace. An
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Prosper Ndlovu Business Editor THE government will operationalise the one stop investment centre before the end of this year and provide a variety of incentives that include online project applications to promote domestic industrial growth and employment creation. Economic Planning and Investment Promotion Minister Simon Khaya Moyo
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Mashudu Netsianda Senior Court Reporter THREE leading hotels in Victoria Falls — The Kingdom Hotel, The Victoria Falls Hotel and Elephant Hills Hotel are allegedly failing to service their water and rates accounts with the local authority resulting in the council instituting legal proceedings to recover its money. Victoria Falls Municipality dragged the
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Brighton Gumbo Business Reporter Mealie Brand managing director, Walter Chigwada has been elected Confederation of Zimbabwe Industries (CZI) Matabeleland Chapter president. Chigwada succeeds Busisa Moyo who was elected CZI national president. He was elected along with Nomathemba Ndlovu, the general manager of the Zimbabwe
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Ian Scoones Last week I was in Nairobi for a conference focused on “Low Carbon Africa”, discussing the diverse pathways to low carbon energy. Energy access is a key issue across the continent. Recently Kofi Annan launched the Africa Progress Panel report that argued for a massive energy revolution in Africa, with the
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Lovemore Zigara Midlands Correspondent THREE local authorities in the Midlands are operating without approved budgets after their drafts were rejected by the Ministry of Local Government, Public Works and National Housing Minister. Gweru City Council, Kwekwe City Council and Redcliff Municipality are using last year’s budgets, six months into the
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Midlands Correspondent KWEKWE-based milk processor; Dendairy has partnered the Zimbabwe Association of Dairy Farmers (ZADF) and the Zimbabwe Dairy Industrial Trust (ZDIT) to facilitate the importation of dairy heifers into the country from the Democratic Republic of Congo (DRC). Eighty-eight heifers are already awaiting
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Harare Bureau Tobacco deliveries are expected to surpass the targeted 165 million kg as growers have sold 160 million kilogrammes of flue cured tobacco worth $473,983 million. Tobacco Industry and Marketing Board chief executive, Andrew Matibiri yesterday said tobacco deliveries were continuing at contract floors while a
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Business Reporter ZIMBABWE’s annual rate of inflation shed 1.45 percentage points on the April figure to minus 2.65 percent in May, as tight liquidity and weaker rand maintain pressure on prices. According to Zimbabwe National Statistics Agency, prices decreased by an average — 2,65 percent between April 2014 and April
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Johannesburg — South Africa’s consumer inflation rate rose to 4.6 percent in May, the highest level this year and 0.1 of a percentage point higher than the corresponding annual rate of 4.5 percent in April 2015. On average, prices increased by 0.3 percent between April 2015 and May 2015, Statistics SA
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PARIS — Russian cargo airline Volga-Dnepr Group has signed a Memorandum of Understanding to buy and lease a total of 20 more Boeing (BA.N) 747-freighters in what would be a major boost for the US planemaker’s struggling four-engined jumbo. Both Boeing and European rival Airbus (AIR.PA) have seen
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Canberra — Australia and China signed a landmark trade deal yesterday after a decade of talks, providing a boon for growth and jobs by abolishing tariffs across a raft of sectors. Trade Minister Andrew Robb and visiting Chinese Commerce Minister Gao Hucheng formally inked the document in Canberra, ending
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Oliver Kazunga Senior Business Reporter IN a bid to create a platform from which businesses can network, business executive David Domingo has set up Information Communication Technology (ICT) firm, Africatrade.co. Domingo, 53, who is the chief executive officer of Belmont Construction said Africatrade.co would be Zimbabwe’s trade directory
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Business Reporter THE government has injected $30 million into the Agricultural Bank of Zimbabwe (Agribank) ahead of the deadline for financial institutions to meet minimum capital requirements this month, the bank said.
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