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Govt signs 54 trade pacts
Golden Sibanda Senior Business Reporter GOVERNMENT has signed 54 Bilateral Investment Protection and Promotion Agreements (BIPPA) that are now at various stages of completion as it moves towards...
View ArticleProvisions for Pension, Provident Fund Bill
Martin Tarusenga The Herald Business report of June 3, 2015 reports that the Pension and Provident Fund Bill is in place. An examination of the Bill shows that it remains essentially the same as the...
View ArticleGovt urged to support smallholder farmers
Business Reporter Government should show commitment in clearing about $40 million in arrears owed to the United Nations International Fund for Agricultural Development (IFAD) in order to receive...
View ArticleReal Estate Institute to mark 70 years
Business Reporter The Real Estate Institute of Zimbabwe will this year celebrate its 70th anniversary under the theme, “Enabling Infrastructure Development Through Real Estate”.The event will run from...
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Innscor commissions $12m fridge factory
Industry and Commerce Minister Mike Bimha is shown around the new Capri fridge manufacturing factory by Capri managing director Mr Gary WatsonConrad Mwanawashe Business Reporter PRODUCTION at Innscor...
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Metallon eyes 200pc surge in gold output
Business Reporter Metallon Zimbabwe, the country’s biggest gold miner, expects output at its Mazowe Mine to jump 200 percent when it commissions a new dumps treatment plant, chief executive Mr Ken...
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Govt’s private sector debt estimated at $4bn
Minister ChinamasaGolden Sibanda Senior Business Reporter ZIMBABWE carries an estimated $4 billion private sector debt it needs to validate and service in order to open fresh lines of credit. This...
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‘No going back on diamond merger’
Minister ChidhakwaTinashe Makichi Business Reporter Government will proceed with plans to consolidate diamond mining operations in the country despite facing resistance from certain diamond mining...
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Banking sector profits decline
The Reserve Bank of Zimbabwe says the banking sector’s capitalisation though largely in compliance with minimum capital requirements, remains under threat from losses being recorded by a few banking...
View ArticleHow to harness informal sector for growth
Sanderson Abel Our own experiences during the 2000-2008 economic crisis bear out this argument. A large proportion of the population is being supported by the incomes being generated from informal...
View ArticleZPI operating profit down 29 percent
ZPI’s operating profit in the year to May was down 29 percent to $696 232 as the weakening of the economy has resulted in weak rental income and poor project sales.Rental income was down 3 percent to...
View ArticleSavanna wins banker’s acceptances case
Conrad Mwanawashe Business Reporter THE Supreme Court has turned down an application by Alshams Global to force Savanna Tobacco to pay almost $3 million plus interest for banker’s acceptances which the...
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Govt orders CSC forensic audit
Tinashe Makichi Business Reporter Government has ordered a forensic audit of State-owned meat processor Cold Storage Company’s (CSC) operations before approving an $80 million injection from a Botswana...
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4 firms bid for HCCL coke oven facelift
Vice President Phelekezela Mphoko (third from right) gives Hwange Colliery Company Ltd managing director Mr Thomas Makore a handshake during the commissioning of the company’s new equipment last...
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Econet launches mobile extension service
Mobile telecommunications firm Econet Wireless last Friday launched a service that allows farmers to access extension services from experts through the phone.Dubbed “Dial-a-Mudhumuni”, the service has...
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‘Speed up business corrective measures’
Mr Sifelani JabangweBusiness Reporter GOVERNMENT should speed up the implementation of measures aimed at addressing the high cost of doing business which has caused business to scale down...
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Innscor’s bread sales improve
Innscor Africa Limited’s bread making subsidiary, Baker’s Inn, has recorded a 36 percent increase in sales volumes to 340 000 driven by price reductions.Chief executive Mr Toni Fourie said the jump in...
View ArticleLack of competitiveness is our worst enemy
Dr Gift Mugano Correspondent Zimbabwe’s trade deficit continued to soar with no indication of any possibility of the trend to reverse. In many cases, basing on quarterly statistics produced by ZIMSTAT,...
View ArticleWhy credit info sharing makes sense
Farayi Dyirakumunda Correspondent Money and information are the critical components in lending. The very survival of any credit provider depends on the availability of both ingredients and full...
View ArticleNew Gtel SL 5.5Xtra stunning
By TechnoMag Staff Gtel yesterday unveiled their new flagship smartphone, the Gtel A760 SL5.5 Xtra, a predecessor to their SL 5.5 as the local mobile firm seeks to increase its visibility in the...
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