HARARE – President Emmerson Mnangagwa’s, spokesperson, George Charamba, has claimed that the economy is recovering, suggesting the ongoing cash and fuel shortages were symptoms of an upsurge in purchasing power arising from a growth streak likely to continue thanks to improving domestic demand. This comes as the liquidity situation has escalated to such an extent…
HARARE – Zimbabwe has received a massive infrastructure boost after the country last week became the nineteenth member state of the Africa Finance Corporation (AFC) – the continent’s leading infrastructure development finance institution. AFC president and chief executive Andrew Alli said his organisation has already begun the process of exploring, alongside the Infrastructure Development Bank…
HARARE – Zimbabwe gold producers say the yellow-metal subsector has potential to rake in millions of dollars in export receipts, but requires a lot of capital to recapitalise operations. The southern African country, which is currently battling serious cash shortages due to a high import bill and low exports, resulting in most firms resorting to…
HARARE – Zimbabwe Stock Exchange-listed agricultural concern Ariston Holdings is slowly emerging out of the woods after the company posted a $28 500 profit in the half year to March 31, 2018 compared to a $2 million loss recorded in the same period last year. The group’s chief executive, Paul Spear, said the agro-focused institution…
HARARE – Stanbic Bank Zimbabwe today joined the rest of Africa in commemorating Africa Day in keeping with its stance that Africa is the financial services institution’s home. The leading financial services institution, together with its parent company, Standard Bank Group duly named the month of May as Africa Month. While Standard Bank Group is…
HARARE – One of Zimbabwe’s leading seed producers, SeedCo, has come to the rescue of a disabled Masvingo farmer Pascal Dzoro by donating a borehole. SeedCo Zimbabwe managing director Denias Zaranyika said Dzoro is a farmer who is not only exemplary to the physically-challenged community but to all farmers in the country. “We celebrate Mr…
HARARE – Standards Association of Zimbabwe (Saz) director-general Eve Gadzikwa says Irvine’s attainment of the ISO 22000 is an indication of the company’s determination to offer safer and high quality products that meet international standards. Irvine’s was recently awarded ISO 22000 certification after demonstrating compliance with globally accepted food safety management system standards. “This is…
HARARE – Zimbabwe is lagging in terms of technology after the country only made a paltry 28 patent applications, latest data from the United Nations has shown. The patent applications made by people living in Zimbabwe —the majority of which are foreigners (69,7 percent) — compares unfavourably with regional peers such as South Africa (7…
HARARE – Zimbabwean tobacco farmers have so far earned $400 million after 42 days of marketing from 138 million kilogrammes as expectations are high that the 2018 sales will reach 200 million kg. During the same period last year, farmers had earned $349 million from 123 million kg. Statistics from the Tobacco Industry and Marketing…
HARARE – The 2018 tobacco sales have reached $300 million after 39 days of marketing from 123 million kilogrammes as expectations are high that the sales will reach 200 million kg. Statistics from the Tobacco Industry and Marketing Board (TIMB) show that about 68 000 contracted growers have delivered their crop to the contractors with…
