Business

SEEDCO Limited (SeedCo), the country’s largest seed producer, says it has enough seed stock to cater for demand in the upcoming agriculture season. In the previous fiscal year, the Zimbabwe Stock Exchange-listed pan-African company’s sales volumes declined significantly due to product supply issues.  However, the drought during the 2018/19 farming season allowed the company to…

© THE Zimbabwe Stock Exchange (ZSE) has suspended trading in shares of Hippo Valley Estates (Hippo Valley) after the company failed to publish its results within a stipulated time frame. The exchange had last week given Hippo Valley an ultimatum to publish results by Monday this week. [GoogleAd] “The ZSE advises members of the investing…

© Frank Buyanga’s African Medallion Group (AMG) and the Cape Mint on Wednesday launched another batch of its gold medallions  dubbed Commemorative Springboks Invictus Medallions in a landmark partnership with S outh Africa (SA) rugby. The launch came ahead of the 2019 Rugby World Cup that will will be the ninth global extravaganza, and is…

© COTTON production in Zimbabwe is forecast to decline to 68 178 tonnes this year, a 51,3 percent drop from 140 000 tonnes recorded last year, a parliamentary committee heard yesterday. Appearing before the portfolio committee on Lands, Agriculture and Rural Resettlement, Agriculture Marketing Authority of Zimbabwe chief executive officer Nancy Zitsanza, said the decrease…

© FINANCIAL trading house Access Finance (Access) has partnered with a number of retailers, including Electrosales and Gain Cash & Carry (Gain), as a way of complementing the government’s efforts in formalising the foreign currency market and increasing customer convenience, officials say. [GoogleAd] This follows the reintroduction of the Zimbabwe dollar through statutory instrument 142…

©  THE Reserve Bank of Zimbabwe (RBZ) says it is issuing a second tranche of Treasury Bills (TBs) worth $60 million aimed at financing government programmes. This was after the central bank’s first auction in seven years to raise $30 million issued in early August was oversubscribed. [GoogleAd] “The RBZ hereby invites financial institutions including…

© STANBIC Bank Zimbabwe (Stanbic) is seeking 20 university students to attend its exclusive internship programme for the 2019/2020 season. The programme is strategically structured to prepare budding young professionals for the workplace after university. Stanbic’s head of human capital Audrey Mlambo said the institution raised doubled the number of beneficiaries from 10 students in 2018…

© JAPANESE vehicle manufacturer Nissan says it is making efforts to introduce electric vehicles into Zimbabwe and other African countries. This comes as several automakers including BMW and Volkswagen are in talks to bring the electric-car revolution to the continent as part of a global switch to greener vehicles. [GoogleAd] Nissan regional manager for central and…