CALEDONIA Mining Corporation (Caledonia) says it is now in the final stages of reassessing the Bilboes project with a view to scaling it to be profitable. While ongoing work confirms the project has attractive economics, Caledonia is now undertaking further evaluation of recent developments expected to enhance the Bilboes’ project. The feasibility study, being conducted…
DELTA Corporation has broken ground for a new US$35 million brewhouse in Belmont, Bulawayo, a major investment signalling renewed confidence in the city’s industrial revival. Speaking at the groundbreaking ceremony yesterday, Delta Corporation board chairman Todd Moyo said the project reaffirmed the company’s deep roots in Bulawayo. “This project reconnects with our history and heritage….
THE Zimbabwe Trade Development and Promotion Organisation, ZimTrade, has intensified efforts to diversify the country’s export markets through a buyers’ seminar that has attracted more than 15 buyers from 15 countries. Speaking to the Daily News on the sidelines of the seminar, ZimTrade chief executive officer Allan Majuru said the initiative was aimed at consolidating…
POWERTEL Communications has taken its project — Transformer Anti-Intrusion System — aimed at safeguarding critical electricity and water infrastructure from increasing threats of vandalism to the southern region. A transformer anti-intrusion system is a security system designed to protect power transformers from theft and vandalism using systems that utilise various technologies like sensors, cameras, and…
A LOCAL freight company, Expert Freight (Pvt) Limited, has landed in trouble after allegedly breaching the Zimbabwe Revenue Authority (Zimra) system and failing to pay ZiG130 000 in import duty. The company’s representative, Bright Machawira, appeared before a Harare magistrate yesterday and was granted US$300 bail. According to the State, Zimra introduced the Automated System…
INDUSTRY experts have called for deliberate policies to strengthen Zimbabwe’s manufacturing sector and ensure greater participation of local producers in the mining supply chain. Speaking to the Daily News yesterday, former Confederation of Zimbabwe Industries (CZI) president and group managing director of General Beltings Holdings Limited, Joseph Gunda, said a significant portion of export earnings…
EDGARS Stores (Edgars) says it will continue to expand its geographic footprint through the opening of new stores in strategic locations. The Victoria Falls Stock Exchange-listed apparel retailer has been expanding its footprint, targeting underserved low-income markets and low-income consumers to widen its customer base. “A further seven Express Stores are targeted for expansion before…
THE Reserve Bank of Zimbabwe’s (RBZ) tight monetary policy stance has curbed the rapid expansion of money supply, with the month-on-month growth of the local currency component of broad money averaging two percent in the period January to September 2025. The central bank said the month-on-month growth in the local currency component of broad money…
THE Comesa Competition Commission (CCC) has handled 480 mergers and investigated over 50 restrictive business practices since its inception. This highlighted a regional crackdown that has recently brought major conglomerates with a footprint in Zimbabwe, such as Diageo and Heineken, into legal crosshairs with the regional commission. CCC chief executive Willard Mwemba told the media…
THE Grain Marketing Board (GMB) has received US$5 million from the Treasury to pay farmers for cereal deliveries, a development expected to ease their financial pressures and stimulate further agricultural investment. In a statement yesterday, GMB chief executive officer, Edson Badarai, confirmed the funding would help clear part of outstanding payments to farmers who delivered…
