Business

ZIMBABWE’S economy is expected to grow by more than 3.8 percent, Finance minister Mthuli Ncube has predicted. Speaking at an engagement with National University of Science and Technology (Nust) students yesterday, Ncube attributed the growth to massive transformations in all sectors. “Zimbabwe’s economy is undergoing unprecedented economic transformation, which we have not seen in the…

CEMENT maker, Lafarge Cement Zimbabwe Limited, has rebranded to Khayah Cement Limited. This follows the conclusion of the acquisition of the major shareholding by a local investment consortium. The company’s trading brand was revealed to the company’s internal stakeholders at an event held at the company premises yesterday. Speaking at the launch event, the company’s…

HORTICULTURE growers from Zimbabwe are set to exhibit at this year’s Macfrut Expo in Italy, which will take place from May 3 to May 5 in Rimini, and anticipates at least 40 000 guests. This will be the third time Zimbabwe would be attending the prime global annual fruit and vegetable exhibition. According to Zimtrade,…

NMB Bank Zimbabwe at the weekend opened a new branch in Kwekwe. Speaking at the launch, NMB Bank chief banking officer Lloyd Kazunga said the bank was growing its national footprint. “Ensuring customer convenience underpins everything we do at NMB Bank, and we are excited to officially open our Kwekwe branch. We are primarily a…

DEPUTY Finance minister Clemency Chiduwa says the government owes cotton growers US$28 million and the Treasury has committed to pay by the end of March this year. Speaking in the National Assembly on Wednesday, Chiduwa said the government had two forms of payment, the local currency and foreign currency, for all agricultural produce. “We have…

IRAN and Zimbabwe signed a memorandum of understanding (MOU) at the end of the ninth meeting of the two countries’ Joint Economic Committee in Tehran, Iran, on Sunday to expand economic cooperation. The document was signed by Iranian Labour and Social Welfare Minister Solat Mortazavi and Zimbabwe’s Foreign Affairs and International Trade Minister Frederick Shava….

TRANSPORT minister Felix Mhona has appointed ex-TelOne managing director Chipo Mtasa as the new board chairperson of the national airline, Air Zimbabwe, with immediate effect. She took over from aviation professional Silvano Gwarinda, who was at the helm of the national airline since August last year. Mtasa would be deputised by former Air Zimbabwe chief…