David Whitehead resumes operations
Martin Kadzere Senior Business Reporter David Whitehead Textiles resumed operations this week following four years of inactivity. The textile company restarted operations, beginning with a shorter...
View ArticlePhoenix eyes return to profitability
Tinashe Makichi Business Reporter PHOENIX Consolidated Industries has streamlined its operations and is now eyeing a return to profitability while stepping up efforts to settle its $5 million debt, an...
View ArticleBanks fined $3,4bn in forex probe
London/Zurich. – Regulators fined five major banks $3,4 billion for failing to stop traders from trying to manipulate the foreign exchange market, the first settlement in a year-long global...
View ArticleSA retail trade sales up 2,3pc
Johannesburg. – South Africa’s retail trade sales as measured in real terms (constant 2012 prices) increased by 2,3 percent year-on-year in September. The figure, released by Statistics SA yesterday,...
View ArticleRwanda launches 4G LTE broadband network
Rwanda this week launched a high-speed (4G LTE) broadband network t0 improve connectivity in the East African country. Minister of Youth and ICT Jean Philbert Nsengimana was quoting in the media as...
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My hands are clean, says Makamba
Dr MakambaBusiness Reporter Empowerment Corporation controlling shareholder Dr James Makamba has refuted claims he illegally transferred certain members’ empowerment shares into his name.The Indigenous...
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Networking for success
Social networking sites such as Twitter can be effective in promoting your businessShelter Hamandishe Change Management You can become a magnet if you are willing to attract people and resources to...
View Article$110m shot in the arm for livestock
Tinashe Nhari Business Reporter The European Union is finalising a $110 million funding deal with the Government under the 2014-2020 National Indicative Programme for Livestock Policy...
View ArticleZSE plans to establish bond market
Business Reporter THE Zimbabwe Stock Exchange has started work on plans to establish a regulated platform for listing and trading of debt securities. The bourse this week sent out invitations to...
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Seed Co invests $25m in external markets
Malawi’s Agriculture, Irrigation and Water Development Minister Dr Allan Chiyembekeza (centre) and Seed Co group CEO Mr Morgan Nzwere (right) being taken on a tour of the new Seed Co Malawi facilities...
View ArticleDelta operating income drops
Delta Corporation reported a drop in operating income and subsequently margins in the half year to September reflective of the changing sales mix which was mitigated by efficiency improvements and cost...
View ArticleCZI bemoans high regulatory fees
The manufacturing industry’s competitiveness has been seriously bogged down by unbearably high costs associated with difficult compliance requirements, a Confederation of Zimbabwe Industries study has...
View ArticleMangudya likens economy to ‘Sodom and Gomorrah’
Reserve Bank of Zimbabwe Governor Dr John Mangudya on Thursday likened the situation in the Zimbabwean economy as similar to the biblical city of Sodom and Gomorrah which God destroyed over high levels...
View ArticleSeed Co realises $16m revenue
Seed Co realised $16 million revenue in the half year to September, seven percent down on the same period last year but the company expects turnover to bounce back on increased maize seed sales with...
View ArticleA cloud-based procurement solution hits Zim market
Anew cloud-based solution set to revolutionise the tendering and request for quotation (RFQ) system in many companies by bringing transparency and efficiency in how they go for tender is in the offing...
View ArticleGovt to help fund dam construction
Jeffrey Gogo Business Correspondent GOVERNMENT will early next year issue a $300 million bond to help fund and speed up countrywide dam construction, a key defence against climate change and global...
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Proplastics gets new pipe making plant
The Minister of Industry and Commerce Mr Michael Bimha (second from left) flanked by (from left) his deputy Ms Chiratidzo Mabuwa, Minister of State for Harare Metropolitan Province Ms Miriam Chikukwa...
View ArticleTobacco growers continue to increase
At least 86 751 farmers have registered to grow tobacco during the 2014/15 season, up from 83 668 that had applied by the corresponding period in 2013, the Tobacco Industry and Marketing Board (TIMB)...
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Black Friday 17th anniversary
All stories compiled by The Herald Business Desk Today, Zimbabwe marks the 17th anniversary of the “Black Friday”, the day when the country’s currency lost 72 percent in value against the United States...
View ArticleThe booming gospreneurship
On the day of the Black Friday November 14 anniversary we look at the only sector of society that has experienced a boom both in terms of earnings and popularity.Pentecostal churches in particular have...
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