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Start-ups are cool

Zachary Aldwin Milkshake in the Boardroom They feed the lifeblood of entrepreneurs and carry with them measures of risk and reward that have anyone involved in one on a permanent adrenaline high. At...

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Govt policy on milk imports beneficial

Walter Muchinguri in Kwekwe Kwekwe dairy company Dendairy is targeting a turnover of $32 million this year up from the $24 million it reported last year. Company director Daryl Archibald told a...

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State sets chrome ore prices

Martin Kadzere Senior Business Reporter GOVERNMENT, through Apple Bridge Investment – a special purpose vehicle established to facilitate chrome ore exports – has set prices at which it will buy the...

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UNWTO lauds SDGs adoption

Mr RifaiThe United Nations World Tourism Organisation (UNWTO) on Tuesday lauded the adoption of the Sustainable Development Goals (SDGs) and said tourism could aid their successful implementation...

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‘Zim offers vast investment chances’

Zimbabwe Ambassador to South Africa Isaac Moyo (third from right) with Legacy chairman Bart Dorrestein (third from left), Harare Mayor Bernard Manyenyeni (partly obscured (right) and the Brainworks...

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Minister acts on solar tender bungling

Business Reporter ENERGY and Power Development Minister Samuel Undenge has sought Cabinet authority to access bids for Zimbabwe Power Company’s 300 megawatt solar projects after being frustrated by the...

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NetOne poised to take over mobile sector

A few years ago, there was a monopoly in the telecoms sector and it was very naïve for anyone to even think that the then Postal and Telecommunications Corporation (PTC) will one day become an underdog...

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Lobel’s Biscuits targets $20m turnover

Business Reporter Bulawayo based biscuits and sweet manufacturer Lobel’s Biscuits and Sweets is expecting to turn over $20 million this year up from $16 million last year.Production capacity at the...

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Motorists ‘tricked’ in car test abuses

LONDON. — Motorists are being “tricked” by carmakers into buying vehicles which claim to be more fuel efficient than they really are, a new report claims.Transport & Environment said Europe’s...

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ZERA seeks ban on electrical gadgets

Business Reporter THE Zimbabwe Energy Regulatory Authority is pushing for legislation to ban importation and use of electrical gadgets that consume a lot of power, an official said. The new legislation...

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Natfoods to invest $9m in mills upgrade

Business Reporter National Foods Limited will invest about $9 million in the current financial year towards upgrading its maize and flour mills, stockfeed and FMCG platforms to improve efficiencies,...

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Kia Sportage offers style, power and value

Tinashe Makichi Motoring The 2015 Kia Sportage is making a mark as one of the most visually interesting compact crossover models this year. You never get a second chance to make a first...

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Rio’s move confuses coal outlook

MELBOURNE. — The price Rio Tinto has extracted for the sale of its 40 percent interest in a Hunter Valley coal mine is at odds with the gloomier predictions about the future of energy coal while the...

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Chrome producers await Govt permits

Chrome producers yesterday said they are still to be granted permits by Government to export unprocessed chrome following the lifting of the ban on ore exports in June. Raw chrome exports had been...

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Telecel doubles number of kiosks

Telecel’s Norton Katanga Franchise shop1Telecel Zimbabwe said yesterday it had doubled its number of kiosks to 200 since July as it seeks to improve its market share. The kiosk business, which has been...

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Afreximbank to avail second ZETREF funding

Walter Muchinguri in BULAWAYO The Africa Export-Import Bank is working on a second Zimbabwe Economic Trade Revival Facility (ZETREF) that will be funded to the tune $50 million to $100 million.The...

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AfDB approves $17m Zim grant

AFDB HEADQUARTERS IN TUNISThe African Development Bank (AfDB) has approved a grant of $16,5 million to finance the second phase of Zimbabwe’s Urgent Water Supply and Sanitation Rehabilitation Project...

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Millers offer wheat farmers $410 per tonne

Conrad Mwanawashe Business Reporter ZIMBABWE’S food processing sector is proposing to buy wheat from local farmers at $410 per tonne from the current $340. The sector is also lobbying Government to...

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SPB finally awards 300MW solar tenders

Golden Sibanda Senior Business Reporter THE State Procurement Board has finally awarded tenders for solar power projects with a combined output of 300 megawatts to three firms. The long awaited solar...

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AB InBev to buy SABMiller for $104bn

LONDON. — Anheuser-Busch InBev has agreed to buy its main rival SABMiller for £68 billion ($104 billion), creating a super brewery with sales of $55 billion.The combined firm will be the world’s...

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