© ZIMRE Holdings Limited(ZHL)’s says its total revenue in the third quarter plummeted 14 percent below budget due to muted perfor- mance in regional operations and a slowdown in stand sales at Zimre Property Investments (ZPI). Lovemore Madzinga, the insurance giant’s company secretary, said the macro-economic reforms being implemented by government have had a direct…
© BUSINESSWOMAN Zodwa Mkandla has urged American investors to explore investment opportunities in Zimbabwe’s infor- mation technology, manufacturing and mining sectors. The founder of Traverze Travel, a leading leisure and corporate travel management company, urged investors to capitalise on the Zimbabwe government’s drive to develop the country. [GoogleAd] “If you want to come to the…
© PPC Zimbabwe says it will be setting up two solar plants with a capacity of 16 megawatts (MW) at its Colleen Bawn and Bulawayo factories in a bid to deal with incessant power cuts. The cement manufacturer, like most companies in the country, has been affected by the severe power cuts that have left…
© ZIMBABWE’S business climate remains poor because of bureaucracy despite efforts by government to eliminate red tape and improve the ease of doing business, analysts have said. Authorities in the southern African economy have been dragging their feet on improving laws and reforming State enterprises and parastatals, driving local businesses into the shadows of the…
© DAIRIBORD Holdings (Dairibord) says foreign currency shortages hit the milk processor’s ability to meet demand during the third quarter and nine months to September 30, 2019. The firm said the depreciation of the local currency resulted in increased costs of materials and other key inputs as production output and operating costs were weighed down…
© LawBasket, Zimbabwe’s law start-up, has been announced winner of the justice accelerator in the Hague Institute for Innovation of Law’s (HiiL) annual Innovating Justice Challenge. [GoogleAd] LawBasket, which leverages a powerful platform of freelance lawyers across Africa, key corporate partnerships and social justice innovation to hedge legal risk for people and businesses across Africa,…
© MHURI Farming (Mhuri) has rolled out one of the country’s largest tobacco seedling schemes to enhance the production of high quality “gold leaf” that will compete on the global market. [GoogleAd] This comes amid warnings from tobacco merchants across the country that the global market has been shrinking for the past five years with…
© TRIANGLE-based sugar production company Tongaat Hulett says it plans to ramp up sugarcane production and venture into other crops. Tongaat Hulett chief executive Gavin Hudson told journalists after the launch of the US$40 million Kilimanjaro sugarcane project in Chiredzi on Saturday that the company planned to expand sugarcane and ethanol production, cattle, winter maize…
© AFRICAN lithium company Prospect Resources says its ultra-low iron petalite product has progressed through the initial qualification process with two of the world’s largest glass-ceramic manufacturers, both based in Europe. [GoogleAd] Prospect provided both manufacturers with samples for laboratory testing and analysis. “The outcomes from their analysis is that the ultra-low iron petalite meets…
© ASA Resources Group (ASA) has finally exited Bindura Nickel Corporation (BNC), the country’s largest nickel producer, after agreeing to dispose of its 74,7 percent majority shareholding to Sotic International, a Mauritius-based firm. [GoogleAd] In a renewed cautionary statement on October 30, BNC said ASA had concluded the sale of its controlling interest in the…
