HARARE – Zimbabwe is expected to rake at least $2,3 billion this year from mineral exports, Mines minister, Walter Chidakwa, has said. Chidakwa told delegates at the National Economic Consultative Forum (NECF) that the country was earning at least $45 million each week from minerals, adding Zimbabwe had potential to surpass the figure when all…
HARARE – Industry minister Mike Bimha has sensationally-claimed that southern African countries have made peace with Zimbabwe’s imports ban regulations. This was after Sadc member states — led by South Africa — had vowed to slap Zimbabwe with punitive and retaliatory measures after the country gazetted the controversial Statutory Instrument 64 of 2016 (SI 64)…
HARARE – Listed seed producer, Seed Co, says its venture into other African markets is now paying dividends following a slow-down in Zimbabwe’s economy. The group’s chief executive, Morgan Nzwere, yesterday said Seed Co’s regional expansion has helped the company to remain stable under a challenging economic environment. “If we had not diversified, I don’t know…
HARARE – Zimbabwean High Court master has reportedly tabled a $75 000 bill – in statutory fees – for the judicial management process of businessman Frank Buyanga’s Hamilton Property Holdings (Hamilton), it has emerged. While the South African-based entrepreneur has told the Daily News that he was not “exactly at liberty to comment on a…
HARARE – The World Bank has confirmed that Zimbabwe’s economy is dying, downgrading the country from its list of improved economies to the unflattering tier of struggling countries, as Harare’s political and economic turmoil continues to escalate. In its latest publication titled Africa’s Pulse, the Bretton Woods institution said the country had failed to register…
HARARE – The Tourism ministry made a mess of its belated World Tourism Day celebrations in Kwekwe last week. Scores of journalists who were bussed in from Harare were left stranded with no food and accommodation due to the ministry’s bungling and lack of proper event management skills. The Zimbabwe Tourism Authority (ZTA) — through…
HARARE – Zimbabwe is intensifying its fight against white collar crimes as part of strategies to improve the ease of doing business and lure foreign investors. President Robert Mugabe last week said the country would soon merge the small claims court, commercial court and High Court in a move aimed at fighting fraud and other…
HARARE – Zimbabwe will this week hold a Creative Marketing Indaba aimed at coming up with new strategies to revive the country’s ailing economy. Simon Bere, one of the organisers of the event said the major goal of the conference was to move Zimbabwe towards crafting a highly effective, results generating, integrated marketing system for…
HARARE – Medical insurance firm, Altfin Health, said it will soon embark on a rebranding exercise following its acquisition by unnamed local investors. This was after the company’s parent company, Altfin Holdings (Altfin), which also held a controlling stake in suspended Altfin Life Assurance, collapsed in 2013. [Adz] “…Altfin Health is not at all related…
HARARE – London-listed investment firm, Masawara Plc, has registered a 63 percent decline in profits to $2,6 million in the half year to June compared to a $6,1 million profit recorded in the same period last year. The Shingai Mutasa-led group said principal risks and uncertainties affecting the business relate to the political and economic…
