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Nqobile Bhebhe, [email protected] NATIONAL Foods Limited says its core, established business units delivered a solid performance for the six months ended December 31, 2023 placing the group’s financial position in an extremely solid trajectory, closing the period at US$22,9 million. It said the investment in working capital was reduced significantly on the back of a […]
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Leading cross-border money transfer service provider, Mukuru, is expanding its services in new markets like Uganda, offering remittance solutions alongside its established services in Southern Africa. This is also in line with its focus on financial inclusion, enabling the financial services provider to offer options like USSD for areas with limited mobile data coverage. “Financial […]
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Nqobile Bhebhe, [email protected] MATABELELAND region is fast gravitating towards being the country’s nerve centre for lithium-oriented firms boosting four high-impact companies that are in various stages of exploration and production and the projects stand to significantly contribute to the country’s economic growth and improve livelihoods. Globally, demand for lithium, which is used in the rechargeable […]
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Michelle Moyo, [email protected] TODAY, March 21, is World Sustainable Procurement Day (WSPD). The Procurement Regulatory Authority of Zimbabwe (PRAZ) has joined the rest of the world in commemorating the day, which defines the future of procurement. The 2024 motto is“collaborate2accelerate”, and it focuses on empowering and equipping procurement professionals in their journey towards sustainable procurement. In […]
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Business Writer NATIONAL Foods Limited has declared an interim dividend of US$3,42 per share for the financial year ending June 30, 2024. In a notice to shareholders, Independent Non-Executive chairman, Mr Edwin Isaac Manikai said, “The Board is pleased to declare an interim dividend of US$3,42 per share (2023: US$2,90 per share). “This interim dividend […]
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Thupeyo Muleya Beitbridge Bureau THE stage is set for the second edition of the Beitbridge Expo and People’s Choice Awards to be held at the new Zebra Hilltop lodge some 50 km west of the border town on Saturday. Organisers of the event are set to reward businesses, organisations and corporates which excelled last year […]
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Michelle Moyo, [email protected] LIVESTOCK experts have urged farmers to destock non-productive animals in a bid to reduce high losses likely to be caused by the El Nino-induced drought and channel funds raised to buy stockfeed for the remaining animals. Due to the low rains received so far, the country is likely to experience serious pasture and […]
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Lingani Nyika in Masvingo MORE than 60 boreholes have been rehabilitated in Masvingo Central constituency with several schools and homes connected to electricity as the Second Republic walks the talk in driving sustainable development in all parts of the country. The borehole water project has enhanced access to clean water in wards 13, 15, 16, […]
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The Zimbabwe Power Company (ZPC) is engaging Intratek to push it to resume works at the planned 100 megawatt Gwanda solar project in Matabeleland South province, Parliament heard on Tuesday. Intratrek Zimbabwe, owned by businessman and socialite Mr Wicknell Chivhayo, was awarded a tender for the engineering, procurement and construction of a 100MW Gwanda Solar […]
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Sikhulekelani Moyo, [email protected] SMALL and medium enterprises (SMEs) have been urged to capitalise on different business fora which run concurrently with the Zimbabwe International Trade Fair (ZITF) to expand their business knowledge and strike deals with suppliers and buyers. SMEs have become a huge economic force in the country and across the globe but most […]
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Michelle Moyo, [email protected] Hwange Local Board has reserved vast land for the construction of tourism and hospitality facilities as it seeks to maximise on its proximity to the country’s biggest wildlife sanctuary, Hwange National Park and the Victoria Falls. The local authority is poised to be a favourable location for the setting-up of hospitality infrastructure and […]
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Sikhulekelani Moyo, [email protected] SMALL-scale miners continue to lead in gold production, which saw the sector producing 57 percent of the gold during the 2023 fourth quarter, the national statistics agency, ZimStat has said. According to the agency, the statistical release presents quarterly Indices of Mineral Production (IMP) for the period 2019 to the 4th quarter of […]
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Sikhulekelani Moyo, [email protected] INDUSTRY and Commerce Minister Mangaliso Ndlovu has said there is a need to enrich digital space by retooling major facets of the economy to bring about the requisite resilience and to deliver greater efficiencies across all value chains. He said this during the United Nations Conference on Trade and Development (UNCTAD) E-trade Readiness […]
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Business Writer OF the 3 821 candidates in Bulawayo who sat for a certificate of competence tests in the third quarter of 2023 only 1371 passed, representing a percentage of 35,9, latest figures from the Zimbabwe National Statistics Agency show. In its fourth quarter 2023 Transport Statistics report released on Wednesday (today), the agency said […]
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