Business
US$50m buffer fund for farmers
Bulawayo Bureau A US$50 million crop buffer fund administered by the AFC Bank is being set up by Government to expedite payments to farmers who usually experience delays in payments for grain deliveries to the Grain Marketing Board. Lands, Agriculture, Fisheries, Water, and Rural Development Minister Dr Anxious Masuka announced this yesterday during his tour […]
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Dinson diversifies into lithium mining
DINSON Iron and Steel Company (Dinson), which is developing the US$1,5 billion steel plant in Manhize near Mvuma, has secured lithium mining claims in Gwanda and Goromonzi districts as the firm diversifies operations in Zimbabwe. Last year, Dinson, which is one of the three local subsidiaries of China’s stainless steel producer, Tsingshan Holdings Limited Group, […]
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Dandemutande invests US$8m in fibre optic newtwork
INTERNET Access Provider (IAP), Dandemutande Investments (Pvt) Limited says it invested US$8 million in establishing a national fibre backbone in 2023 as the entity continues to widen its footprint in the provision of reliable connectivity and information technology services in Zimbabwe. The successful installation of the 861km of fibre optic infrastructure along the Beitbridge Harare […]
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2023 tobacco exports jump to US$1,23bn
Europe imported 6 767 522 kg from Zimbabwe last year at US$27,4 million. ZIMBABWE exported tobacco valued US$1,237 billion last year compared to US$983,4 million generated in 2022 figures from the Tobacco Industry and Marketing Board (TIMB) show. According to a report released by TIMB for the week ending December 29, 2023, the country last […]
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Tobacco farmers fret over risk of worried heavy rains may cause diseases, leaching
The heavy rains were presenting tobacco farmers with a lot of challenges in weed control, ridge maintenance and extra costs from fertiliser and chemical additional purchases. WHILE the return of rains after a prolonged dry spell should naturally ignite fresh hopes for a better season among farmers, tobacco farmers are worried the recent heavy rains […]
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Farmers owing Zesa blame delayed GMB payments
FARMERS with outstanding electricity bills have blamed their failure to meet their obligations on delayed or non-payments by the Grain Marketing Board (GMB) saying the situation was making it difficult for them to even borrow from financial institutions, let alone pay service providers like the Zimbabwe Electricity Supply Authority (ZESA) for services rendered. GMB finance […]
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Shifting real estate transforms Harare’s landscape
The year 2023 proved to be a dynamic period for the real estate sector, with the capital witnessing a surge in the launch of world-class property developments. Notably, Terrace Africa, a prominent property developer, has played a pivotal role in reshaping the city’s skyline with the unveiling of world-class projects, some initiated in 2020 such […]
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Tobacco exports top US$1bn in 2023
TOBACCO exports have earned Zimbabwe US$1,2 billion since the beginning of the year compared to US$975 million the country received during the corresponding period last year. According to the Tobacco Industry and Marketing Board (TIMB), Zimbabwe had exported 233 896 182 kilogrammes of the golden leaf valued at US$1,224 billion as of December 15, 2023. […]
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Unmanned border posts by next year
Zimbabwe is set to become the first country apart from Dubai to have an unmanned border post by the end of next year, which will see travellers entering and exiting the country using their e-passports and having fingerprints and faces scanned without having to go through the traditional manned border control point. This system uses […]
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ZSE welcomes second REIT listing, Revitus
The Revitus Property Opportunities Real Investments Trust (Revitus REIT) has become the second REIT to be listed on the Zimbabwe Stock Exchange (ZSE) following its official listing yesterday. Tigere was the first REIT to be listed on the ZSE last year The REIT is a product of the NRZ Contributory Pension Fund (NRZCPF), managed and […]
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