HARARE – Retired Dutch farmer, organic specialist and PUM expert Coen De Berg was on a consulting visit to farmers in Rusitu and Chipinge last week. De Berg, who landed in Zimbabwe because of a ZimTrade-PUM partnership, holds more than 40 years’ experience in organic dairy farming and horticulture production for the European market. Small…
HARARE – The Zimbabwe Energy Council says foreign investors shied away from the country’s energy sector last year despite injecting close to $3 billion in the region due to high political risk. The council’s chairperson Amiel Matindike said 2017 was a difficult year in terms of funding of projects — both small and big. “The…
HARARE – Zimbabwe has failed to ratify a Bilateral Investment Promotion and Protection Agreement (Bippa) it signed with Italy 19 years ago, a situation that has resulted in low trade between the two countries. Italian ambassador Enrico De Agostini said the southern African country was not sincere on its quest to do business with the…
HARARE – The Zimbabwe Business Awards Council will on Monday host the Zimbabwe Top Business Brands National Awards and the Zimbabwe Top 100 Business Brands of 2017. The awards seek to recognise and reward brand excellence and celebrate brands that have established the finest reputation in their various industries. Brands that receive recognition are ones…
HARARE – Zimbabwe Stock Exchange-listed diversified conglomerate TSL has recorded a 75 percent increase in profit after tax to $4,8 million in the full year to December 2017. The group’s chairperson Anthony Mandiwanza, said TSL revenues went up 7,0 percent to $50,6 million and operating profit increased by 24 percent to $7 million. [Adz] “The…
HARARE – Capital markets regulator, the Securities Exchange Commission of Zimbabwe (SecZim), is targeting to attract more retail investors to participate in securities trading, a senior official has said. SecZim chief executive Tafadzwa Chinamo disclosed this week at a ceremony to list Untu Capital’s debt instrument on the Financial Securities Exchange (Finsec) platform. “Participation in…
MUTARE – Zimbabwe has made history by becoming one of the few countries in southern Africa to launch a national blueprint on the access and use of radio frequency spectrum resources. ITC minister Supa Mandiwanzira, who launched the first edition of the Zimbabwe National Frequency Allocation Plan, code named ZNFAP, in Mutare on Tuesday underlined…
HARARE – Baker’s Inn has projected a 22 percent growth in sales this year due to the company’s aggressive marketing campaign. The bread maker’s financial director Mandla Nkosi said Baker’s Inn Buy and Win Promotion was a trump card on the anticipated increased sales. “Last year we achieved a growth of 20 percent and we…
HARARE – Zimbabwe should increase the number of bond notes circulating in the country as a way of reducing inflation, an economist has said. The Confederation of Zimbabwe Industries (CZI) chairperson for the Economics and Banking Standing Committee Jimmy Psillos yesterday said the use of mobile money and real time gross settlement (RTGS) system was…
HARARE – The African Medallion Group (AMG) says it has mobilised Rand 1 billion worth of gold assets, which can be leveraged to jump-start Zimbabwe’s sovereign wealth fund (SWF). This also comes as the Johannesburg-based yellow metal processor’s founder Frank Buyanga has reiterated his call for a reform of local parastatals, saying such a development…
