DESPITE illegal sanctions, Zimbabwe was able to generate US$9.77 billion in mineral revenue, making it the 10th African country to export the largest volumes of natural resources last year. According to a report by the Economist Intelligence Unit, the research and analyst of the Economist Group, Mining Zimbabwe, the country is likely to improve its…
THE Reserve Bank of Zimbabwe has commenced a “dry run” to test the feasibility of issuing a gold-backed digital currency, which is…
INDUSTRIAL electricity consumers and exporters aim to raise $250 million to build the first phase of floating solar panels on the world’s…
LEADING beverages processor Delta Corporation has urged the government to continue to implement economic measures that promote and attract business growth. Speaking at the commissioning of three Delta investment projects worth US$70 million in Harare on Thursday, Delta Corporation chief executive Matlhogonolo Valela said the Stock Exchange-listed company would continue to pursue its pro-growth strategies…
PRESIDENT Emmerson Mnangagwa has challenged companies in the manufacturing sector to venture into contract agriculture with local farmers. Speaking during the commissioning of the Delta Beverages sparkling beverages line, new packaging line installed at Southerton brewery and the newly-built Chibuku super plant in Harare yesterday, Mnangagwa said companies should continue to complement government efforts in…
IN RECOGNITION of over a century-long commitment to food production, quality and innovation, National Foods Limited was a big winner at the Africa Food Awards 2023 taking the ‘Food Company of the Year’ award and also winning in three product categories. The awards, organised by Food Business Africa Magazine, serve as a celebration of the…
THE business community hopes political campaigns will not derail operations and has called for peaceful general elections in Zimbabwe, which will take place in August this year. This comes as the country is only a month away from the 2023 general elections amid economic challenges characterised by high inflation, exchange rate disparities and a depreciating…
THE Food Poverty Line (FPL) for one person shot by more than 130 percent during the month of June this year, whilst…
ONE of the country’s leading companies, National Foods Limited Group, has paid US$188 977 in dividends to its qualifying non-managerial employees. This brings the total amount paid over the financial year to US$576 707 to the National Foods Workers Trust. National Foods Limited Group human resources executive Alice Pawarikanda confirmed the payments. The National Foods…
THE government has called for the prioritisation of local contractors in order to promote growth and viability in the industry as well as that of the economy. Speaking during a tour at the National University of Science and Technology (Nust) last week, Presidential Affairs minister Jorum Gumbo said such practices were good for the economy….
