HARARE – Green Fuel is moving to ramp up ethanol production at its Chisumbanje site through a hectarage increase exercise anticipated to see the group with about 13 000 hectares (ha) of land by year end, one of its shareholders has said. Arda chairman Basil Nyabadza told the businessdaily that Green Fuel —the only company…
HARARE – Zimbabwe Stock Exchange-listed Rainbow Tourism Group (RTG) said it is close to completing its $2 million refurbishment and refashioning of three major hotels. The hospitality group’s corporate communications manager, Pride Khumbula, said the renovation exercise, which was started early this year, has resulted in the hotels having some of the modern and luxurious…
HARARE – Zimbabwe must urgently implement key economic reforms to regain its once-prized position as a thriving economy within sub-Sahara Africa in the post-Robert Mugabe era, a top American researcher has said. This comes as the country, which has known Mugabe, 92, as its only leader since 1980, is on the verge of an economic…
HARARE – Conceived for urban adventure, the completely redesigned Kia Sportage is the most extraordinary compact crossover on the road today. With an imposing appearance, a rock-solid stance, an upgraded cabin and the torque to take you wherever the journey leads you — including the pothole-filled Western suburb roads —the new Sportage is a stylish,…
HARARE – British miner Premier African Minerals (Premier) said it has commenced an extensive diamond drilling programme on its Zulu Lithium Project in Zimbabwe. The programme, which Premier said will be on the largest undeveloped lithium-enriched resource in Zimbabwe, is aimed at testing for strike and depth extensions of the 3,5 kilometre surface strike length…
HARARE – State-owned mobile telecommunications service provider, NetOne, said its continued network expansion programme is aimed at stimulating economic activities in the country’s rural communities. Officially launching a base station in Hurungwe last week, NetOne acting chief operations officer Lirford Toro said the development will also improve the ease of doing business and create market…
HARARE – Zimbabwe’s insurance companies are now relying on foreign markets for survival in the face of worsening economic conditions in the country. The latest report by the Insurance and Pension Commission (Ipec) shows that non-life reinsurers generated $7,71 million from outside Zimbabwe in the half year to June 2016, indicating a 40,51 percent increase…
HARARE – Reserve Bank of Zimbabwe governor John Mangudya has warned the country’s banking sector against marginalising women from financial services products. In his mid-term policy statement on Thursday, the central bank chief said statistics recently collected from the financial services sector revealed that lending to women constituted less than 10 percent of total banking…
HARARE – Zimbabwe, which owes multilateral institutions over $10 billion, is sinking beneath a tide of debt. A spate of recent reports have revealed how perilously close to the edge many are. In a nation where as many as 70 percent of people live on less than a $1 a day, according to the United…
HARARE – Vice President Emmerson Mnangagwa said the country should build an effective institution and penalties to reduce increasing corruption. Addressing delegates at an anti-bribery and anti-corruption conference in Harare yesterday, Mnangagwa said the government must come up with active penalties for the country to successfully stem corruption. “Zimbabwe’s corruption perception index is not good,…
