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Lonrho exits agric unit
Mr DecovertHappiness Zengeni Business Editor LonrHo African Holdings has disposed its stake in Lonrho Fresh Exports Zimbabwe (LFEZ) to its indigenous partner Mr Edwin Moyo as part of a new strategy...
View ArticleStay away from consumptive borrowing
Persistence Gwanyanya We emerged from the year of learning, “Gore rezvidzidzo”, more enlightened than before. For those who have had the opportunity to learn, let your candles of knowledge light the...
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Quton plans to expand to Sub-Saharan region
Business Reporter COTTON seed firm Quton is planning to advance its presence in the Sub-Saharan region and has started examining the suitability of using hybrid seeds in cotton growing countries.The...
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Diamond processing firm set for official launch
Ke Nako Diamond Processing’s work involves value addition of local diamonds to give them a higher valueBusiness Reporter One of the two diamond cleaning companies that have been licensed by the...
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GetBucks Financial Services initial public offer under-subscribed
Business Reporter GetBucks Financial Services initial public offer has been under-subscribed at 2,29 percent with the underwriter taking more than 91 million shares to ensure the financial technology...
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Ministers to assess progress at Batoka project
Minister UndengeBusiness Reporter ENERGY ministers from Zimbabwe and Zambia will assess progress at the Batoka Gorge site for a new hydro electricity power station next week with particular interest in...
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Foreign firms in reserved sectors to pay levy
Youth, Indigenisation and Economic Empowerment Minister Patrick Zhuwao (right) stresses a point during a Line Ministries Seminar held in Harare on Wednesday while National Indigenisation and Economic...
View ArticleMauritius leads investment flows into Zim
Mauritius and the British Virgin Islands remain an excellent route for structuring foreign investments into Zimbabwe with the two making up the top 10 of source countries for investment since 2009...
View ArticleCapri to increase refrigerator exports
Innscor Africa appliance manufacturing division, Capri said on Friday it is targeting to increase exports of refrigerators to include all countries in the Southern African region.Capri marketing...
View ArticleSurface invests $15m in infrastructure development
Tinashe Makichi Business Reporter Surface Willmar, the manufacturer of Pure Drop cooking oil, has rolled out a $15 million investment package towards setting up a refinery, bottling facilities and an...
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GetBucks lists on ZSE
RBZ director, Bank Supervision Division, Mr Norman Mataruka (second from right) rings the bell to mark the beginning of trading of GetBucks Zimbabwe on the Zimbabwe Stock Exchange while flanked by...
View ArticleZim turns to God as climate change disrupts livelihoods
Jeffrey Gogo Climate Story AS climate change brings unexpected challenges, with frequent, severe droughts and floods, Zimbabweans are beginning to look up to God — the maker of heaven and earth — for...
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Arda to link farmers with investors
The Agricultural and Rural Development Authority (ARDA) is identifying farmers throughout the country with irrigable land to be linked with investors who will provide financial assistance to produce...
View ArticleBuy Zim to host procurement conference
Kipson Gundani Buy Zimbabwe in collaboration with the Chamber of Mines of Zimbabwe and MEJRKH Communications and Advisory will host a local procurement conference on February 17 this year.This...
View ArticleOil slides to lowest price since 2003
LONDON/SINGAPORE. — Oil prices hit their lowest since 2003 yesterday as the market braced for additional Iranian exports after the lifting of sanctions against the country over the weekend.The US and...
View ArticleSub-Saharan Africa debt issuance falls 22pc
JOHANNESBURG. — Debt issuance in sub-Saharan Africa fell to its lowest annual total in three years in 2015, data from Thomson Reuters showed yesterday, as sinking currencies and faltering economies...
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Business community mourns Tapera
The late TaperaMichael Tapera, who passed on last Wednesday (January 13, 2016), was given an emotional farewell on Saturday at the Glen Forest Memorial Park. He was an influential and inspiring...
View ArticleWhatsApp to scrap subscription fee
MUNICH. — Facebook-owned messaging service WhatsApp will scrap its subscription fees and explore other ways to allow businesses to interact with its users to make up for the lost revenue, its...
View Articlefastjet announces new routes
Business Reporter fastjet Zimbabwe yesterday announced its newest international routes — from Johannesburg to Harare and Victoria Falls in Zimbabwe.The launch of these routes comes after fastjet...
View ArticleRich, poor gap widens: Oxfam
LONDON — The vast and growing gap between rich and poor has been laid bare in a new Oxfam report showing that the 62 richest billionaires own as much wealth as the poorer half of the world’s...
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