Business

Econet to invest in 500 new solar base stations

ECONET Wireless Zimbabwe, the country’s leading telecoms and technology company, says it plans to invest in up to 500 solar-powered base stations in the coming two years, as the firm moves to reduce its carbon footprint. The Zimbabwe Stock Exchange-listed company recently pledged to achieve carbon neutrality for its entire business and sprawling supply chain…

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Tongaat Zim safe as SA ops go into business rescue

TONGAAT Hulett says its Zimbabwe operations will not be affected by developments at Tongaat Hulett South Africa which have seen the latter going into voluntary business rescue. The business rescue proceedings will cover two operations in South Africa, Tongaat Hulett Limited and Tongaat Hulett Development Proprietary Limited.The decision comes after what the company termed significant…

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Zimbabwe has capacity to supply fertiliser in Africa — African Union

THE African Union (AU) says Zimbabwe has the capacity to manufacture fertilizer for the whole continent. In an interview with the Daily News yesterday, AU director in the department of agriculture Godfrey Baihiigwa said Africa must reduce fertilizer imports.  “Most of the fertilisers we use on this continent come from three countries-Russia, Ukraine and Belarus….

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Veld fires cost economy US$1m

THE Environmental Management Agency (Ema) has revealed that 1 602 988, 73 hectares of land has so far been destroyed by wildfires since the beginning of the veld fire season in July, costing the country over US$1million. The area burnt increased by 65,8 percent from 966 822, 86 hectares that was burnt at the same…

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IFC, Nespresso to support coffee farmers

THE International Finance Corporation (IFC) and Nespresso have announced a new partnership to promote sustainable, resilient, and inclusive livelihoods for coffee-growing communities in Africa. The partnership also aims at preserving some of the world’s rarest coffee varieties. The deal features a US$$4.1 million investment by IFC in the not-for-profit Nespresso Sustainability Innovation Fund. Nespresso and…

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7,8 tonnes of counterfeit maize seed impounded

MORE than seven tonnes of counterfeit Seed Co maize seed valued at US$20 000 was impounded in Avondale, Harare. Speaking during a press briefing in Mt Hampden, Mashonaland West, national police spokesperson Paul Nyathi said they have confiscated the seed since the beginning of the planting season in September. The seed, he said, was destroyed,…

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TM Pick n Pay goes pink

LEADING supermarket chain, TM Pick n Pay, has once again launched a breast cancer awareness campaign dubbed “Pick Pink”. The campaign turns its branches nationwide into quasi-cancer awareness centres every October, partnering with customers in fundraising through the sale of various pink items, proceeds from which would be directed towards the Zimbabwe Cancer Association to…

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