ONE of Zimbabwe’s leading tobacco companies, Voedsel Holdings, is setting up a US$20 million tobacco processing plant in Beatrice, Mashonaland East Province. The plant is set to be commissioned at the end of December with more than 50 percent of civil works on the plant bought from Malawi and being reassembled by a Brazilian contractor…
ZIMPLOW Holdings says its newly established subsidiary, Valmec, will be targeting to supply agriculture equipment to entry level commercial farmers. The diversified company launched Valmec last Friday.Speaking after the launch, Zimplow chief executive Vimbayi Nyakudya said their agriculture cluster had been focused on creating resilience owing to soft producer pricing and changes in weather patterns.“Therefore,…
HARARE Magistrate Clever Tsikwa has ordered the State to return US$234 000 cash that was seized from four men who were arrested in connection to the ZB Bank armoured truck heist that occurred in 2021. The four, Trymore Chapfika, Tozivepi Chirara, Dennis Madondo and Tatenda Gadzikwa, had filed an application for disposal after they were…
A HARARE-BASED company has lost more than US$70 000 and R4 500 to armed robbers, prompting the police in Harare to launch a manhunt for seven armed suspects. In a statement yesterday, national police spokesperson Paul Nyathi said the sad incident occurred on Thursday last week, when seven armed robbers attacked two security officers before…
AT LEAST 500 000 households are set to benefit from the recently resuscitated presidential forage scheme. The scheme was introduced by President Emmerson Mnangagwa in 2021, but slowed down last year amid reports that it had few takers owing to expenses involved.However, with the livestock sector crying foul over the high cost of feed and…
FINANCIAL services provider CABS and retailer TM Pick n Pay have partnered in the Pick Pink campaign, which is running throughout this month in order to fight breast cancer. The initiative is meant to raise awareness of the importance of early cancer detection as well as support cancer patients in the country. Speaking to the…
THE Confederation of Zimbabwe Industries (CZI) has called on the government to support local manufacturers to expand their exports. Addressing the media in Harare yesterday ahead of their annual congress next month, CZI chief executive officer Sekai Kuvarika said local manufacturers are building strong business for them to expand their influence in the region and…
HIGH Court judge Justice David Mangota has authorised the confiscation of 81 540 smuggled mobile phones worth over US$350 000 belonging to a Zambian telecommunications company that were recently seized by the Zimbabwe Revenue Authority (Zimra). The company, Rock Telecom Limited, had appealed to the High Court for the release of the mobile phones after…
IN a remarkable achievement, Cuthbert Nduwure, the Group Marketing Officer at CIMAS, has been honored as the platinum winner of the ‘Young…
A LEADING financial institution in the country, Stanbic Bank, has donated two haemodialysis machines worth US$50 000 to Marondera Provincial Hospital in Mashonaland East Province. The machines are advanced medical equipment used for blood purification in patients with kidney problems and are set to make a lasting impact on the hospital’s ability to provide life-saving…
