Business
UK firm upbeat on Zim lithium drilling
UK-headquartered resource group, Galileo Resources says it has completed phase one of its lithium exploration drilling programme at its Kamativi project in Matabeleland North Province. This comes as preliminary evaluation from earlier drilling indicated encouraging potential for commercially viable deposits of the valuable mineral, which is expected to play a key role in the growth […]
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VFEX lays out plans to lure foreign participation
THE Victoria Falls Stock Exchange (VFEX) which registered a US$5,97 million in turnover in the third quarter has outlined strategies to lure foreign participation on the bourse and is engaging potential issuers with a primary focus on increasing securities listed on the exchange. From its inception in 2020, VFEX has experienced a positive momentum which […]
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‘Some white farmers accept TBs for compensation for developments on land’
Finance, Economic Development, and Investment Promotion Minister Professor Mthuli Ncube has said some white former commercial farmers whose land was acquired by the Government under the fast-track land reform programme have individually agreed to be compensated with Treasury Bills (TBs). This comes from after a clique of white former farmers in a referendum on TBs […]
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ZNCC 2024 national budget expectations
THE Zimbabwe National Chamber of Commerce (ZNCC) says it is imperative for the 2024 national budget to place emphasis on broadening the use of local currency, tackle currency stability, promote private sector participation in economic recovery and focusing on productivity in sectors such as agriculture, mining, education and manufacturing. The 2024 budget consultation process is […]
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PPC Zimbabwe managing director Masiyane steps down
PRETORIA Portland Cement (PPC) Zimbabwe Limited has announced the resignation of managing director, Mr Kelibone Masiyane. Mr Albert Sigei has since been appointed to replace him with effect from 1 January 2024. Mr Masiyane was appointed the managing director of the leading cement producer in 2016, having joined the company in 1994 as a trainee […]
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African Sun expands property portfolio
Hospitality group African Sun Limited is moving to expand its real estate portfolio by investing in a residential development cluster, as it seeks to diversify risk and consolidate its position within the real estate segment. Under the real estate portfolio, the group owns eight hotels, seven of which are leased to the hotel operating segments, […]
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Zembe appointed as ZB Holdings chairman
ZB Financial Holdings Limited has announced the appointment of prominent business leader and economic analyst Mr Luxon Zembe as its chairman, effective 1 August 2023. In a notice, the financial institution said, “The Board of Directors of ZB Financial Holdings Limited is pleased to announce the appointment of Luxon Zembe as Chairman of ZB Financial […]
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VFEX trades jump 18pc on growing confidence
SECZim said the number of trades between May and August this year increased to 400 from 246 recorded in the first four months to April 2023 (File Picture) Oliver Kazunga-Senior Business Reporter THE value of shares traded on the Victoria Falls Stock Exchange (VFEX) Direct platform increased by 18 percent to US$52,2 million in the […]
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Zim, Tanzania ease importation of cars from Dares Salaam
In a move that has been hailed by the public, Tanzanian officials led by Minister of Works, Transport and Communications Professor Makame Mbarawa officially opened the TPA office in Belgravia, Harare yesterday. Freeman Razemba-Senior Reporter TANZANIA has opened an office for the Tanzania Ports of Authority (TPA) in Zimbabwe which will assist in the importation […]
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Meanwell Gudu relieved of his duties as TIMB CE
The Tobacco Industry and Marketing Board (TIMB) has relieved Mr Meanwell Gudu of his duties as the Chief Executive Officer. TIMB advised stakeholders in a press statement. “The Tobacco Industry and Marketing Board (TIMB) would like to inform its valued stakeholders that Mr Meanwell Gudu is no longer employed as the Chief Executive Officer effective […]
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