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Leonard Ncube Victoria Falls Reporter Zimbabwe has the capacity to boost its tourism sector to greater heights through bilateral relations with China, Matabeleland North Provincial Minister Cain Mathema has said. Ambassador Mathema said this while briefing a delegation comprising a visiting member of
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Martin Kadzere Harare Bureau MAKOMO Resources Limited has started commissioning its coal washing machine, with production expected to rise threefold, a senior company official said last week. The coal washing plant is a facility that removes impurities from coal which is then graded into different
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Senior Business Reporter THE Zimbabwe Commercial Farmers’ Union (ZCFU) says the hectarage put under winter wheat this year could have declined by about 50 percent to about 4,000 hectares. ZCFU president Wonder Chabikwa said due to funding challenges, wheat farming was being
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Conrad Mwanawashe Harare Bureau OLD Mutual is setting up infrastructure and agriculture funds to support fiscal activity as the group sees economic rebound in the country, an official has said. Group chief executive officer Jonas Mushosho said the insurance group’s major preoccupation is to focus on
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Walter Mswazie Masvingo Correspondent SMALL to medium enterprises (SMEs) should avoid borrowing if they do not have the capacity to pay back the loans, an official has said. Zimbabwe Chamber of SMEs Masvingo provincial chapter secretary Sarah Munemo said some small businesses have been forced to close
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Harare Bureau Barclays Zimbabwe has launched a campaign to send money for free to recipients in Zimbabwe through the ATM. The “Cashsend Craze Campaign” that will run until September 30, 2014 is aimed at providing customers with another convenient channel to transact.
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Harare Bureau Land titles to beneficiaries of the land redistribution programme will encourage investment and enhance economic activity in the country, a Nobel Prize winning economist has said. United States of America economist Professor Roger Bruce Myerson, one of the three
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Oliver Kazunga Senior Business Reporter— THE Competition and Tariff Commission has begun investigations into a call by local companies to hike import duty as part of measures to protect firms from imports flooding the market. Local companies recently approached the CTC, a parastatal under the Ministry of Industry and
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Jersey-registered and London-listed Masawara is set to extend its control of Zimbabwe’s largest holding company, TA Holdings by buying out minority shareholders in the group. Masawara – an investment company focused on acquiring interests in companies and projects based in
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Charity Ruzvidzo Business Reporter Coca-Cola’s assistant brand manager Vee Sibanda says at least 1,300 Zimbabwean female entrepreneurs have been empowered under its 5by20 empowerment programme. The programme seeks to address the most common barriers women face in the market place. The initiative offers
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Business Reporter Meikles Limited retail arm, TM Supermarkets has launched a promotion worth over $1 million as the supermarket chain seeks to grow revenues and position in the retail sector. The promotion dubbed, TM and Pick Pay Big Brands Bargain Bonanza will run until September 4 upon which the
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Makomo Resources (Pvt) Ltd, Zimbabwe’s largest coal producer by output, said it plans to spend $1,5 billion on a 600-megawatt power plant and will also start exporting coal to steelmakers in southern Africa.
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Senior Business Reporter The government and the Zimbabwe Stock Exchange will next week sign a Memorandum of Understanding for the demutualisation of the bourse. Demutualisation refers to a process by which a mutual organisation is transformed into a publicly traded firm.
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Harare Bureau THE government plans to engage big companies on the possibility of opening micro finance institutions to capacitate small to medium enterprise companies for them to start making a meaningful contribution to the fiscus.
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