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Nqobile Bhebhe, [email protected] THE planned partial privatisation of the People’s Own Savings Bank (POSB) has been put on halt as the bank awaits further guidance on the project from the shareholder. Partial privatisation was set to be completed by the end of 2023. The Government, which wholly owns the bank, plans to partially privatise POSB as […]
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Nqobile Bhebhe, [email protected] THE Consumer Council of Zimbabwe (CCZ) has said surveys indicate that grain and mealie-meal are readily available in both the formal and informal markets, with the consumer watchdog expressing appreciation to efforts by the Government and all key stakeholders, in ensuring consumers have access to abundant grain despite the serious drought that has […]
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Sikhulekelani Moyo, [email protected] CONFEDERATION of Zimbabwe Retailers (CZR) has invited Seychelles micro, small and medium enterprises (MSMEs) to collaborate with local players and invest in the blue and secular economies, saying that Zimbabwe’s growing economy, particularly in sectors like aquaculture, tourism, manufacturing and digital services, offers a wide array of investment and business opportunities. This was […]
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Business Writer PLATINUM group metals (PGMs) producer Zimplats has appointed Mrs Emilia Chisango as an independent non-executive director of the company with effect from 1 April 2024. Mrs Chisango is a Chartered Accountant (Zimbabwe) who holds a Bachelor of Accountancy Honours, and a Certificate of Theory in Accounting. “Mrs Chisango worked at KPMG for 21 […]
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Sikhulekelani Moyo, [email protected] NMB Zimbabwe is partnering with the Government and international financial institutions to enhance its credit lines in a bid to finance key sectors of the economy. In the 2023-24 summer cropping season, NMB has financed 7 100 hectares of maize and soya beans through primary producers, agro-dealers and seed houses. In a […]
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Senior Business Writer OLD Mutual Zimbabwe invested US$26 million in Alternative Investments last year supporting projects in sectors such as agriculture, tourism, and renewable energy, Group chief executive Mr Samuel Matsekete has said. Commenting on the financial results for the year ended December 31, 2023, Mr Matsekete said the investments aim to generate sustainable returns […]
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Senior Business Writer Financial services group FBC Holdings Limited has thrown its weight behind the Government’s raft of structural reforms aimed at improving the business climate, strengthening economic governance, and reducing vulnerabilities. Macroeconomic stability is essential for sustainable growth and it involves maintaining stable prices, low inflation, and sound fiscal and monetary policies. The Government’s […]
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Senior Business Writer LISTED nickel mining concern, Bindura Nickel Corporation (BNC) has warned its shareholders and potential investors that it projects a material decline in profitability for the rest of FY2024 due to the protracted shutdown, coupled with the low nickel prices prevailing on the global markets. The decline in profitability may also have a […]
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Kudzai Gaveni, Online Writer THE Government Project Support Agreement (GPSA) has opened the energy sector to Private players and Independent Power Producers (IPPs). In a statement, the Ministry of Information Publicity and Broadcasting Services said over 40 IPPs were licensed by the government in the renewable energy sector boosting the country’s power generation capacity. “The […]
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Nqobile Tshili, [email protected] PRODUCTIVE sectors have started drawing from the US$958 million special drawing rights (SDRs) received from the International Monetary Fund to facilitate industry capacitation and local employment. The IMF said the injection of SDRs was intended to help the global economy cope with the massive setback induced by the Covid-19 pandemic and the […]
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Nqobile Bhebhe, [email protected] CALEDONIA Mining Corporation Plc has released its financial results from 2023 and also announced plans to expand its Zimbabwean operations. The mining entity plans to establish itself as a multi-asset gold producer, with an ambitious goal to produce more than 250 000 ounces of gold per year. Its immediate strategic focus will […]
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Michelle Moyo, [email protected] THE Department of Veterinary Technical Services, in partnership with the Department of Livestock Research, has launched a national artificial insemination programme to boost the national herd. Artificial insemination, a biotechnological method of collecting semen from a bull and manually depositing it into the reproductive tract of a cow, is an important method […]
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Sikhulekelani Moyo, [email protected] PORTLAND Pretoria Cement (PPC) Limited has reported a 27,6 percent increase in group revenue for the 10 months ending January 31, driven by growing demand for cement in the country due to Government infrastructure development projects and private residential construction. PPC Zimbabwe recorded a 41 percent increase in cement volumes during the […]
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Nqobile Bhebhe, [email protected] KAMATIVI female residents have appealed to lithium-focused mining entities to have a gender balance in their recruitment process saying current trends favour males. Kamativi in Matabeleland North Province, is witnessing renewed interest and exploration related to lithium mining. Companies are actively tapping into Kamativi’s mineral wealth, breathing new life into the region. The […]
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