Business

Extension workers gear for crop yield assessment

THE government has commenced the distribution of electronic gadgets to extension workers as they prepare for the season’s first round of expected crop yield assessment. The Agriculture ministry conducts crop assessment twice, before and after the tasselling to quantify the expected yield target per cropping season. Speaking during a handover of at least 614 tablets…

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Business

Econet harnesses new technology to modernise network

ECONET Wireless Zimbabwe has reaffirmed its commitment to harnessing new technologies to modernise its network and improve customer experience. “The company will leverage new technologies to enhance the potential for better financial performance through improved customer experience and lower costs,” Econet said in a trading update for the third quarter ending November 30, 2023. To…

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Business

National foods to commission US$6m plant

NATIONAL Foods Holdings Limited is set to commission a US$6 million pasta manufacturing plant in the capital with construction in its final stages, a senior company official has said. Pasta is a type of food typically made from an unleavened dough of wheat flour mixed with water or eggs, and formed into sheets or other…

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Business

AFC to raise US$10m for summer cropping

AFC Holdings, formerly known as Agribank, is seeking to raise US$10 million through floating Agro Bills to finance the 2023/24 summer cropping season. The agricultural financial house yesterday said the interest rate was negotiable and the Agro Bills would be governed by and construed in accordance with the laws of Zimbabwe. “AFC Holdings Limited intends…

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Business

Bulawayo’s GDP shoots to over $27bn — Zimstat

THE Zimbabwe National Statistics Agency (Zimstat) says Bulawayo’s gross domestic product (GDP) has increased from $25.75 billion to $27.87 billion over the past two years, reflecting a sign of economic growth. Presenting the Bulawayo GDP statistics in the city yesterday, Tapiwa Gumbo, the Zimstat manager for accounts and analysis, said the records showed that the…

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Business

US$10 million for new Birchenough Bridge

BIKITA Minerals Company has set aside US$10 million for the construction of a new bridge over the Save River to replace the iconic Birchenough Bridge in Chipinge, Manicaland Province. Bikita Minerals, the country’s biggest lithium producer, is owned by Chinese firm Sinomine (Hong Kong) Rare Metals Resources Co Limited. Speaking to the Daily News yesterday,…

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