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Nqobile Bhebhe, [email protected] THE Second Republic has embarked on a bold economic transformation agenda rooted in the belief that Zimbabwe can and will be a beacon of prosperity, inclusivity, and resilience in the region, Chief Secretary to President and Cabinet, Dr Martin Rushwaya said yesterday. Driving the agenda’s spirit is the commitment to create an […]
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The Reserve Bank of Zimbabwe (RBZ) says the value of electronic transactions processed through the National Payment Systems (NPS) in the fourth quarter ending December 31, 2023, increased 33 percent to $112,15 trillion from $84,55 trillion recorded in the prior quarter ending September 30, 2023. A national payment system is a configuration of institutions supported […]
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Nqobile Bhebhe, [email protected] ANGLO American Platinum Limited’s local unit Unki Mine total’s platinum group metals (PGM) production increased by five percent to 243 800 PGM ounces last year from 232 100 PGM ounces in 2022. The firm benefitted from the concentrator debottlenecking project completed in 2022. Unki’s debottleneck project, which was completed in 2021 and […]
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Sukulwenkosi Dube-Matutu, [email protected] MPOMPINI Nutrition Garden in Insiza District has not only helped enhance the livelihoods of villagers in the area but is also benefiting nearby schools as farmers supply the institution with horticulture produce to feed learners. The project was established in 2008 and started with 11 members who were operating small individual gardens […]
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Bongani Ndlovu, Online Reporter A Chinese mining firm has been fined US$700 by a court for using Starlink Equipment in contravention of the Postal and Telecommunication Act. In a statement, the National Prosecuting Authority said, SAN HE Mining Company in Guruve was fined by a Bindura Magistrate for contravening the Postal and Telecommunication Act, “wilfully […]
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Nqobile Bhebhe, [email protected] THE Consignment-Based Conformity Assessment (CBCA) is yielding tangible results as over 154 million assortments of products that do not meet set importation standards have been rejected from entering Zimbabwe since 2015 in the process safeguarding the local industry from unfair competition presented by non-compliant imported products . The CBCA programme was first […]
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Michelle Moyo, [email protected] THE Zimbabwe National Statistics Agency (Zimstat), in collaboration with the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), has embarked on an Information and Communication Technologies (ICT) access survey to ascertain the level of ICT usage by the business sector. The survey began on Tuesday and is expected to end on March […]
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Senior Business Writer AUSTRALIA oil and gas exploration firm, Invictus Energy, managing director Mr Scott Macmillan says the firm’s recognition for the second largest discovery made in Sub-Saharan Africa last year confirms confidence in the quality and scale of the new gas field in Zimbabwe. Wood Mackenzie, a global insight business for renewables, energy and […]
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Ashley Phiri, [email protected] THIRTY-THREE Small and Medium Enterprises (SMEs) representatives in Bulawayo have undergone training in cluster formation. Clusters are formed when people in the same line of business form groups where they share knowledge, ideas, and even resources. Following the training, the Ministry of Women’s Affairs, Community, Small and Medium Enterprises Development urging SMEs to […]
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Nqobile Bhebhe, [email protected] TAPPING into successful investment initiatives by the original Bulawayo Business Development Committee (BBDC) and the quest to lure fresh investments into the city, Bulawayo City Council has mooted the rival of BBDC. The transformation of Bulawayo’s economy is critical in the broader development of Zimbabwe as espoused under the National Development Strategy […]
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Senior Business Writer OK Zimbabwe, one of the country’s retail giants, says in the third quarter ended December 31 it faced stringent supplier payment terms in both local currency and US dollar-denominated purchases contributing to volume decline. Volumes declined by 32 percent for the quarter versus the prior year and by 28 percent for the […]
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Senior Business Writer THE local sugar sector is focusing on regaining the local market share and optimising returns from international premium markets, Hippo Valley Estates Limited chairman Mr Canaan Dube said. Mr Dube said while the local market remains pivotal to the industry, management is also prioritising the development of new markets, necessary for the […]
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Nqobile Bhebhe, [email protected] Premier African Minerals chief executive officer Mr George Roach and the board have agreed that his £2 million loan facility repayment will not be in cash from any proceeds. The loan is now due for settlement. Last year, the entity initially entered into an unsecured £1,7 million loan facility with Mr Roach […]
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Senior Business Writer THE ZIMBABWE Energy Regulatory Authority (Zera) has set a procurement (petroleum import) license fee of US$28 014 for petroleum dealers this year. Applicants are required to produce importation evidence of at least 10 million litres of combined diesel and petrol into the market in 2023, 2022 or 2021. The regulatory authority said […]
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