Government says it plans to focus on strengthening the mortgaging model for home ownership in order to deal with the housing backlog in the country. [GoogleAd] The national housing backlog is currently estimated at 1,25 million which government has said is a threat to economic growth and sustainable development. “The programme includes strengthening the mortgaging model…
THE ZIMBABWE Energy Regulatory Authority (Zera) says it is lobbying government to lower taxes on energy products as a way of boosting the sector. Zera senior engineer Samuel Zaranyika said local manufacturers of electrical products had lodged complaints with the regulator highlighting that it was becoming more profitable to import finished electrical goods as punitive…
SCORES of businesspeople from the small and medium enterprises sector converged at Nicoz Diamond on Wednesday for the launch of the Professional Small to Medium Enterprises Chamber of Commerce and Industry (PSCCI). Among other things, PSCCI will help small to medium enterprises in areas such as business growth strategies, access to capital, access to markets,…
ZIMBABWE’S largest supplier of certified maize seeds, SeedCo, has introduced two new climate smart varieties of maize seed known as SC529 and SC649. The new varieties are coming from a background of an intense breeding effort focused on selecting for heat, drought, foliar and cob diseases response to different agronomic practices and high yielding capabilities….
VARUN Beverages Zimbabwe (Varun), says it has ramped up its production capacity by over 150 percent in a development that has seen PepsiCo’s largest franchise bottler churning out 36 million bottles monthly. Vijay Kumar Bahl, chief operating officer at Pepsi, said the firm — which is planning to invest US$150 million in Zimbabwe over the…
Zimbabwe’s wheat production declined from 186 243 metric tonnes in 2017 to 160 600 metric tonnes last year, deputy Agriculture minister Vangelis Haritatos has said. [GoogleAd] This has resulted in the country increasingly relying on imports to make up for shortfalls and meet wheat demand, estimated at 400 000 metric tonnes annually. “Last season, the country…
THE Insurance and Pensions Commissions (Ipec) says the proposed Insurance Bill will introduce some improvements to Zimbabwe’s insurance consumer protection framework. Blessmore Kazengura, Ipec’s acting commissioner of insurance, pension and provident funds, said the upcoming legislation is part of the regulatory body’s efforts to improve consumer protection in the local insurance industry. [GoogleAd]…
INTERNATIONALLY-ACCLAIMED local economist Tony Hawkins says Zimbabwe’s economic revival hinges on the building of consensus between the ruling ZANU PF and the country’s main opposition party, the MDC. Hawkins, an economics professor who founded the Graduate School of Management at the University of Zimbabwe, made the remarks at a recent breakfast meeting hosted by the…
EDGARS Stores (Edgars) says it has finalised its acquisition of intellectual property (IP) rights to Jet and Edgars trademarks and brands for the territory of Zimbabwe. [GoogleAd] The listed apparel retailer had earlier announced that the deal had been approved by shareholders in an extraordinary general meeting in January. “The directors are pleased to advise…
Caledonia Mining Corporation Plc (Caledonia) director MARK Learmonth has upped his stake in the AIM-listed resources outfit after over 53 000 performance securities were offered to him early this week. The Zimbabwe-focused gold miner said this development followed maturity of a long-term incentive plan award to Learmonth, who is also the group’s chief financial officer….
