Business
Intra-COMESA exports shoot up
Intra-COMESA exports have increased from US$1.5 billion in 2000 to US$12.8 billion in 2021 as part of the significant achievements under the free trade area regime. This came out at the two-day 10th COMESA Annual Research Forum which started yesterday in Lusaka Zambia. The event is part of efforts to strengthen integration and trade in […]
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Nyaminyami Rural District Council is”open for business”
The RDC has unveiled the richness of its districts and various investment opportunities that lie within its jurisdiction. The RDC is open for business and is calling for investors to come and invest in various flagship projects in the area. Talking to Positive Eye News the RDC said, “The are a lot of opportunities in […]
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Tetrad licence canceled by RBZ
The central bank, the Reserve Bank of Zimbabwe (RBZ) has cancelled Tetrad Investment Bank’s operating licence at the institution’s request. The bank has surrendered its banking licence after failing to meet the minimum capital requirements. The central bank issued a statement yesterday. “The institution unsuccessfully courted potential investors and failed to put in place requisite […]
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Bindura Nickel Corporation (BNC) post significant revenue drop
BINDURA Nickel Corporation (BNC) posted a significant drop in revenue of US$49,5 million in the year ended 31 March 2023 compared to US$74,2 million in the prior year as it expects injection of working capital from its parent Kuvimba Mining House (KMH) to ensure the business is adequately funded. Based on the 2023 Annual Report, […]
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Bindura RDC unveils its hidden treasure at Harare Show Grounds
Bindura RDC is located on the north-eastern part of Zimbabwe in Mashonaland Central province with culturally rich and friendly people. It is an hour’s drive from Harare along Mt Darwin Road and it shares boundaries with Chaminuka and Mazowe Rural District Councils and within its territory is Bindura Municipality. It has twenty one wards, nine […]
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China reaffirms support for Zim
Zimbabwe’s all-weather friend, China, yesterday said it was ready and committed to continue working with the re-elected Zanu PF Government while also congratulating President Mnangagwa on his victory. Speaking after meeting President Mnangagwa at State House yesterday, Chinese Ambassador to Zimbabwe Mr Zhou Ding, who was leading a Chinese delegation, said they were honoured to […]
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Govt walks talk on modernisation
PRESIDENT Mnangagwa has said Zimbabwe’s transformation through modernisation and industrialisation has been on display at the annual Zimbabwe Agriculture Show in Harare where several companies in strategic economic sectors have advanced exhibitions in tandem with the national vision. The President, who yesterday toured various stands at the annual Agriculture Show, which has more subscribers compared […]
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Nedbank lauds Zim’s debt clearance efforts
Nedbank Zimbabwe has applauded the debt re-engagement efforts the Government initiated saying this may be the antidote to unlocking opportunities for fresh international support for the fiscus and potentially stabilising the economy if successfully concluded. Zimbabwe has been reeling under an unsustainable debt overhang which has made the cost of borrowing by and in the […]
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BLOG:SABI STAR MINE LITHIUM FLOATATION PLANT COMMISSIONING
1129: The Government of Zimbabwe signed a Memorandum of Understanding with Eagle Canyon International Group and Pacific Goal Investments in September 2022 for the establishment of a Lithium Mine and Processing Plant in Buhera, Manicaland Province. The project has now been completed. The project objective is the construction and operation of a one million tonnes […]
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Cafca bullish about mining driven growth
CAFCA Limited, Zimbabwe’s sole cable manufacturer, expects large project orders from the mining sector to drive volume growth. The company manufactures and supplies cable and allied products for the transmission and distribution of electronic energy and information. Zimbabwe’s mining sector has performed positively in the last two years, aided by tailwinds in the form of […]
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