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Harare Bureau Local companies last year spent $29,3 million on tobacco imports that they use for blending with locally grown Virginia tobacco to make cigarettes.
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Kwekwe-based dairy firm, Dendairy, has started rolling out its 100 percent fruit juice products in the market, Dendairy director Daryl Archibald has said.
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Prosper Ndlovu, Business Editor THE implementation of proposed measures meant to improve domestic industry competitiveness should start in earnest this month to position businesses for improved operations, captains of industry have said. The call follows the Cabinet’s approval last month of a raft of measures including reducing the cost of key enablers in a bid to […]
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POWERTEL, a subsidiary of Zesa Holdings, has been unveiled as the country’s fourth mobile network service. Currently, Zimbabwe, with a population of 13 million people, has three operating mobile phone service providers. These are pan-African giant Econet Wireless, Telecel and NetOne. “This has always been Powertel’s objective to offer total telecommunications solutions to Zimbabwe and […]
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Business Reporter THE Reserve Bank of Zimbabwe (RBZ) has cancelled the licence for the troubled Allied Bank Limited saying the institution was no longer safe to serve the public. In a statement yesterday the Central Bank’s registrar of banks said Allied Bank surrendered its licence as it was grossly undercapitalised. “Members of the public are […]
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Charity Ruzvidzo, Business Reporter UNIFORM and stationery suppliers are experiencing increased business ahead of schools’ opening next week with parents already jostling to buy learning materials for their children. A snap survey conducted by Business Chronicle in Bulawayo yesterday indicated that most outlets dealing with uniforms and stationery were recording increased sales. The outlets were a […]
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Harare Bureau STEWARD Bank chief executive officer, Kwanele Ngwenya, has been forced out of the banking institution following the bank’s poor performance and issues relating to non performing loans. Sources at the institution say Ngwenya met his fate after the bank’s board of directors met and refused to renew his contract in light of corporate […]
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Harare Bureau A local supplier of chicken cages, Newcozim Poultry Solutions expects increased volumes this year after clinching business with established producers with capacity to produce about eight million day old chicks per annum. Managing director, Leigh Bookless said the network with the established producers has increased her company’s business prospects. Newcozim Poultry Solutions expects […]
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Elita Chikwati, Harare Bureau Farmers who are being evicted from their land by new owners armed with offer letters should seek clarification with the Ministry of Lands and Rural Resettlement, a government official said yesterday. This follows numerous land disputes involving settlers who have been on land for several years and farmers issued with fresh offer […]
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Business Reporter THE Reserve Bank of Zimbabwe (RBZ) should disseminate more information on the recently introduced bond coins to clear prevailing scepticism regarding their usage, an economic analyst has said.
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Lovemore Zigara Midlands Correspondent THE Zimbabwe Chamber of Small and Medium Enterprises (ZCSME) has entered into a partnership with the People’s Own Savings Bank (POSB) which will see the bank availing about $7,5 million as loans for small businesses.
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Labour Matters Davies Ndumiso Sibanda MANY employment codes of conduct have provisions that override common law provisions resulting in disciplinary authorities struggling with what to do with employees who commit misconduct that goes to the root of the relationship which is dismissible at common law but not dismissible in terms of an
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Business Reporter Art Corporation’s ball pen manufacturing division, Eversharp, is expecting to increase production by 100 percent this year following the purchase of new equipment and technology by the group sometime last year, a company official said.
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Charity Ruzvidzo Business Reporter A LUCKY 17-year-old teenager drove away in a Honda Fit after winning the Heads and Hooves Butchery’s “win a car Christmas promotion” draw in Bulawayo on Monday.
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