Business
‘ICT to drive economic growth under NDS1’
Analysts are increasingly optimistic about the potential of Information and Communication Technology (ICT) to drive economic growth and development, with many believing that it will be a key driver of prosperity going forward. National Development Strategy 1 (NDS1) covers the period from 2021 to 2025 and focuses on key development priorities for the country. The […]
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Kapenta industry under threat as unregulated fishing escalatesvv
THE impact of illegal and unregulated fishing coupled by a climate change-induced decline in fish stocks in the Kariba Dam is beginning to show with the kapenta industry recording a 43 percent drop over the last five years. Statistics released by the Lands, Agriculture, Fisheries, Water and Rural Development show that the industry suffered the […]
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Govt pushes for positive ROI from SOEs
The Government says it is committed to ensuring maximum returns on investment from State-owned enterprises (SOEs) by enhancing their performance as the administration strives to moderate the enterprises’ load on the fiscus and promote efficiency. In his 2023 National Budget Statement, Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube said the Government will […]
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Tourism among fastest-growing Zim sectors as arrivals surge 42pc
Zimbabwe’s tourism receipts bulked by 24 percent to US$272,26 million in the period to September 2023 from US$219,45 million achieved during the previous quarter of the same year, largely on the back of improved tourist arrivals. Although latest figures covering September last year to January this year are yet to be released, reports say volumes […]
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Gold production takes a knock, small miners still dominant
ZIMBABWE’S gold deliveries declined by 14,7 percent last year to 30,1 tonnes compared to a record high of 35,3 tonnes realised in 2022 official figures show but small scale miners still dominated volumes in the production of the precious mineral. Gold is the country’s major foreign currency earner whose output was this year projected to […]
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Hippo Valley Estates extends milling season
Hippo Valley Estates has extended the milling season while implementing a revised cane delivery plan to catch up some of the lost milling capacity. The initiative being done in conjunction with Triangle Mill is also expected to maximise sugar production and minimise the amount of cane carried over to the following season. Hippo chief executive […]
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Joy as Mupedzanhamo reopens
NORMAL service has resumed at the popular Mupedzanhamo Market in Mbare, with traders and residents thankful over the reopening of the popular market. It was active yesterday with traders setting up their business stalls while others were already selling their wares. Hundreds of people thronged the market and could be seen jostling for cheap second-hand […]
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Beverage industry implements new tax laws
Following new Government regulations aimed at boosting value chain efficiency and combating unfair competition from the informal sector, Zimbabwe’s top beverage companies have started enforcing stricter product distribution rules. The new guidelines, in line with the Finance Act of 2023, announced by the Zimbabwe Revenue Authority (ZIMRA) this week limit purchases from manufacturers to tax-compliant […]
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Ariston solar investments pay off
Listed agricultural concern Ariston Holdings Limited says investments in solar energy have led to the group’s financial savings and are also in line with its quest for clean energy sources. Group chairman Alexander Jongwe, in a statement of financials for the year ended September 30, 2023, said during the period under review the biggest investment […]
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French investors explore opportunities
As the engagement and re-engagement drive being pursued by the Second Republic continues to bear fruit, a French investment group is expected in Zimbabwe in the next few days to explore investment opportunities they can take up. Zimbabwe’s Acting Secretary for Foreign Affairs and International Trade, Ambassador Rofina Chikava, yesterday met with French Ambassador to […]
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