BULAWAYO mayor David Coltart says his engagements with the business community in South Africa recently have shown him that investors are eager to invest in Zimbabwe. This comes after Coltart, as part of an initiative to boost investment prospects for the city, travelled to South Africa last week and met a business community composed primarily…
ZIMPLATS yesterday commissioned and handed over two classroom blocks and ablution facilities that were constructed at a cost of about US$380 000 to Turf Primary School in Mhondoro Ngezi District as part of its corporate and social responsibility initiatives. The project is part of the country’s largest platinum producer’s efforts to decongest the elementary school…
POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has embarked on a countrywide programme to train and provide information and communication technology skills and gadgets to People With Disabilities (PWDs). Speaking during the certification ceremony at King George VI in Bulawayo yesterday, Potraz director for Universal Services Fund, Kennedy Dewera, said they were targeting all…
DIVERSIFIED financial service group, Old Mutual Zimbabwe, says it remains committed to supporting the growth of small firms in various communities through its annual Value Creation Challenge (VCC) initiative. The is a flagship programme of the Eight2Five Innovation Hub, powered by Old Mutual, in partnership with the British Council and the British Embassy. Old Mutual…
ECONET Wireless Zimbabwe, the country’s leading telecommunications and technology firm, has released its half year results to August 31 in which the company reported a 186 percent growth in revenue to $1,1 trillion, with $400 billion (nearly 40 percent) of that amount going to statutory payments in the form of taxes and levies. The company’s…
ZIMBABWE National Statistics Agency (Zimstat) yesterday launched the country’s maiden economic census, which aims at providing comprehensive baseline statistics on the size and structure of the economy. Speaking at the launch in Bulawayo, Finance minister Mthuli Ncube said the statistics from this census were key for evidence-based policy formulation, decision-making and strategic planning in and…
LEADING sugar processor, Tongaat-Hulet, says the fire that broke at one of its sugar mills in Chiredzi on Saturday, was insignificant as they managed to extinguish it immediately, while no one was injured in the process. In a statement yesterday, the company assured that the fire caused minimal damages and they have enough sugar stocks…
GOVERNMENT has accused some unscrupulous business entities who are focusing on profiteering for being behind recent price hikes. The business entities have also been accused of destabilising the national economy at a time when civil servants are receiving their annual bonuses. Speaking in the National Assembly last week, Finance deputy minister David Mnangagwa said their…
AUTHORITIES say the African Development Bank (AfDB) has unveiled a US$25,5 million fund that will be managed by the Food and Agriculture Organisation (FAO) for emergency food production programmes by smallholder farmers. The AfDB seeks to spur sustainable economic development and social progress in its regional member countries and contribute to poverty reduction while FAO…
THE government is set to appoint an interim general manager by the end of this month to manage Premier Service Medical Aid (Psmas), a senior official has said. This comes as one of the leading medical aid societies has been struggling to survive amid allegations that corruption stinks to high heavens in the organisation. In…
