Business

HARARE – Pacific cigarettes, in partnership with China Tobacco Shaanxi Industrial Corporation (CTSIC) has launched a new Acacia brand targeting the Zimbabwean and the regional markets. Founded in 2002 by entrepreneur Adam Molai, Pacific Cigarettes, formerly Savanna Tobacco, is the manufacturer of the Pacific brand of cigarettes, which includes Pacific Storm, one of the country’s…

HARARE – Meikles Limited is expanding its marketing programmes to East Africa to attract potential visitors showing interests in Zimbabwe. Meikles’ hospitality commercial director Tham Mpofu, said visits have been made to Kenya as part of efforts to build up new markets and encouraging greater business and leisure travel to Zimbabwe in general and its…

HARARE – Clothing manufacturers in Zimbabwe have not been spared by the foreign currency (forex) shortages that are causing mayhem across all sectors of the country’s economy. Zimbabwe has been experiencing foreign currency shortages for the past two decades, with the situation becoming more acute in the past three months. Zimbabwe Clothing Manufacturers Association chairperson…

HARARE – Zimbabwe is planning to take advantage of Britain’s decision to exit Europe and establish strong relations with its former coloniser. Britain is expected to leave the European Union (EU) in the next few months and has signalled intention to strengthen bilateral and trade ties with its former colonies. Allan Majuru, ZimTrade’s chief executive…

HARARE – Locally, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades. Abroad, investors are, for the first time in decades, considering Zimbabwe as an investment option. Even when the people talked, President Emmerson Mnangagwa listened because, according to him, “the voice of the people is…

HARARE – Bindura Nickel Corporation (BNC)’s profit increased 26 percent to $2,8 million during the half year ended September 30, 2018 from $2,2 million reported during the previous comparable period on the back of improved global nickel prices. The listed miner reported a nine percent increase in revenue to $26,2 million from $24,1 million recorded…

HARARE – South African firm African Medallion Group (AMG) was the toast of 2018 after breaking records and setting new standards of excellence as the start-up grew at its fastest rate  amid strong demand of its yellow metals. The company — which specialises in the manufacturing and distribution of high quality precious metal medallions —…

HARARE – Total Zimbabwe, the country’s largest fuel distribution firm, has increased its support to the mining sector by offering a diversified range of products range besides fuel and lubricants, an executive has disclosed. The strategy of the company over the past six decades in Zimbabwe has been distribution and retail of petroleum products and…

HARARE – Zimbabwe’s banks and private players are owed over half a billion dollars by farmers due to inputs abuse, side marketing and poor yields, an official has said. Tafadzwa Musarara, the Grain Millers’ Association of Zimbabwe (GMAZ) chairperson, told members of Parliament that the implementation of a robust loan recovery system is highly commendable…

HARARE – SeedCo Holdings (SeedCo), one of Africa’s largest seed producers, yesterday reported a $5,9 million profit after tax for the six months ended September 30, 2018, coming off a $2 million loss in the prior comparable period. The half year profit is uncommon for the seed company that has traditionally reported interim losses on…