Business
Bulawayo can regain industrial hub status — CZI
ACCELERATING the resuscitation of Bulawayo Industries is set to top the agenda of the newly elected Confederation of Zimbabwe Industries (CZI) Matabeleland Chapter executive which expressed confidence that the city can regain its once-envied industrial hub status. Confederation of Zimbabwe Industries The leadership said there is huge scope for the region to tap into its […]
Read More
Burglars raid Nedbank
Burglars broke into a Nedbank building in Bulawayo’s Belmont industrial area where they damaged three safes before stealing over US$270 000 and about R2 million, police confirmed yesterday. The break-in, which occurred last Saturday night, was only discovered on Monday morning by the employees upon reporting for duty. The suspects tampered with the bank’s communication […]
Read More
Business leaders’ expectations from the new Government
FOLLOWING the landslide Zanu-PF victory in the just-ended harmonised elections, the business community says it expects the incoming Government to consolidate the gains achieved so far and further scale up the ease of doing business reforms. Noting the strides made during the first term of the Second Republic (2018-2023), business leaders say going forward Government […]
Read More
Zim Agric Show kicks off with more exhibitors
The 113th Zimbabwe Agricultural Show roared into life yesterday with an increase in exhibitors from different sectors of the economy who have taken more than 70 000 out of 77 000 square metres of available space. This year, over 500 exhibitors will be participating at the show organised by the Zimbabwe Agricultural Society (ZAS) compared […]
Read More
Stage set for 2023 Zimbabwe Agricultural Show (ZAS113)
Zimbabwe Agricultural Society CEO. Dr Andrew Matibiri advises the Nation that the eventful exhibition show will be held starting Monday 28 August and ending on Saturday 2 September 2023. The official opening is planned for Friday 1 September 2023, this being a national event and an appropriate Guest of Honour will grace the event and […]
Read More
Imports increase by 7,6 percent
ZIMBABWE imported goods worth US$782,9 million in July, which reflects a 7,6 percent increase as compared to US$727,4 million in the previous year, the national statistics agency, ZimStat has said. Procurement of critical raw materials, machinery, and equipment as well as consumables required by the country’s industrial sector dominated imports. Most imports are from South […]
Read More
War erupts over control of Tongaat-Hullet assets
Zimbabwe has raised a red flag after reportedly being denied a chance to take part in the process of selecting a strategic equity partner for Tongaat Hulett Limited (THL) that was given to a Tanzanian firm, Herald Finance and Business can reveal. Kagera Sugar Limited, a sugar manufacturing company in the northwestern part of Tanzania, […]
Read More
Stage set for 2023 Zimbabwe Agricultural Show (ZAS113)
Zimbabwe Agricultural Society CEO. Dr Andrew Matibiri advises the Nation that the eventful exhibition show will be held starting Monday 28 August and ending on Saturday 2 September 2023. The official opening is planned for Friday 1 September 2023, this being a national event and an appropriate Guest of Honour will grace the event and […]
Read More
RBZ starts implementing African payment system
THE Reserve Bank of Zimbabwe (RBZ) has started implementing the Pan-African Payment and Settlement System (PAPSS) aimed at connecting all banks, non-bank financial institutions, switches, and regional systems to enhance cross-border payment across the continent. The system, expected to save the continent US$5 billion annually in transaction costs, is being promoted by the African Export […]
Read More
Hippo holds strong as imports pressure piles up
Hippo Valley Estates Limited (Hippo) says revenue remained firm in the quarter to June 2023 despite volumes being weighed down by competition from duty-free imports towards the end of June. The Zimbabwe Stock Exchange (ZSE) listed company said in a trading update for the period under review that although volumes were negatively impacted by the […]
Read More