Business
Zimbabwe signs US$3 billion MOU with One World Impact Investment Holdings Ltd,
THE Zimbabwean Government has signed a Memorandum of Understanding (MOU) with One World Impact Investment Holdings Ltd, a global impact investor on Friday. The MOU sets the stage for an extraordinary investment of up to US$3 billion over the next three years, aimed at supporting transformational low-carbon and climate-friendly development projects in Zimbabwe. In a […]
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Zim to benefit from US$5,5m packhouse plan
Zimbabwe is among four African countries set to benefit from an initiative to build €5 million (US$5,45m) worth of cold storage facilities, sources in the horticultural industry said, welcoming the initiative as a positive development for the sector. The Horticulture Development Council (HDC) hailed the initiative by pan-African firms InspiraFarms Cooling and InfraCo Africa targeted […]
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Farmers trained on cotton seed hybrids
IN a bid to revolutionise the cotton industry and boost national productivity, Quton Seed Company is intensifying the training of local farmers on cotton seed hybrid production. The hybrids have the potential to deliver a staggering 70 percent increase in yield compared to traditional open-pollinated varieties (OPVs), currently the mainstay of Zimbabwean cotton farmers. The […]
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Smart farming not an option but necessity – Haritatos
GOVERNMENT must work hand in hand with research institutions, private sector and international organisations to develop affordable technologies and provide financial incentives for farmers to adopt smart farming practices that will capacitate them to withstand climate change challenges. Lands, Agriculture, Fisheries, Water and Rural Development Deputy Minister Vangelis Haritatos said this at the annual smart […]
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Industrial, mining firms capacities surge in Q3
LARGE firms in the manufacturing and mining sectors recorded slight increases in capacity utilisation in the third quarter of 2023 while small operators saw a marginal retreat in output levels, the Zimbabwe National Statistics Agency (ZimStat) said. In its Business Tendency Survey for the third quarter of 2023 for manufacturing and mining sectors, ZimStat said […]
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World bank confirms Zimbabwe prowess over regional peers: Zim eclipses Sadc economies in growth
HAVING registered 6,5 percent economic growth in 2022 and 4,5 percent in 2023, Zimbabwe’s improvement has eclipsed many regional economies including sub-regional powerhouse, South Africa, with the country’s growth performance exceeding the average growth rate in Sub-Saharan Africa in 2022, and closely matching it for 2023 (see graphic). According to the fourth World Bank Zimbabwe […]
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Dr John Mushavanhu appointed RBZ governor
President Emmerson Mnangagwa has appointed career banker and FBC Holdings Chief Executive Officer, Dr John Mushayavanhu as the next Reserve Bank of Zimbabwe (RBZ) Governor. Dr Mushayanhu assumes office on the 1st of May 2024 replacing Dr John Mangudya whose 10-year term at the RBZ ends on 30 April 2024. The news was released by the […]
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Geo Pomona shines again at CIPMZ awards
This year’s top performing firms and individuals yesterday got recognition from the Zimbabwe Management Achievements Awards organised by the Chartered Institute of Project Managers Zimbabwe (CIPMZ) last night. Among the reputable companies that ruled the roost was Geo Pomona Waste Management, which scooped three awards, the environmental impact project of the Year (waste management), the […]
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Festive season domestic tourism drive launched
TOURISM and Hospitality Industry Minister Barbara Rwodzi yesterday implored citizens to sample some of the natural wonders and delights on their doorsteps during festive season as she launched the Festive Season Domestic Campaign — ZIMBHO for Matabeleland North in Binga yesterday. The campaign, which runs from November 6 to January 15, 2024, is aimed at […]
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AfDB approves US$15m loan facility for NMB Bank
The African Development Bank (AfDB) has approved a US$15 million trade finance transaction guarantee facility for NMB Bank, the bank announced on Wednesday. This marks AfDB’s first line of credit to NMB, a registered commercial bank renowned for its unwavering support for small and medium-sized enterprises (SMEs). This facility will provide 100 percent guarantee to […]
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