HARARE – Zimbabwe’s number one car brand is here to stay. This was the word from Nissan today in preparation for the Zimbabwe International Trade Fair, which starts next week from April 25 and runs until 30 April. Now in its 57th year, the Trade Fair aims to accelerate growth in Zimbabwe by bringing together…
HARARE – Zimbabwe Stock Exchange-listed diversified group Innscor Africa (Innscor)’s retail and distribution unit, Axia Corporation Limited (Axia), is expected to start trading on the local bourse next month. Axia houses Innscor subsidiaries such as the transport and logistics company, Transerv, home and furniture unit, TV Sales and Home, and Distribution Group Africa. The group’s…
HARARE – The Tobacco Industry and Marketing Board (TIMB) yesterday said flue-cured tobacco deliveries for the first 13 days have increased by 98 percent this season compared to the same period last year, while sales are up by 124 percent. By yesterday some 14,5 million kg of tobacco had gone under the hammer fetching $36,5…
HARARE – The Zimbabwe Stock Exchange (ZSE) maintained its downward trend as the market lost $10,2 million in the first week of April with market capitalisation closing the week at $2,65 billion from $2,66 billion recorded in the previous week, official data shows. Figures from the Reserve Bank of Zimbabwe (RBZ) indicate that market turnover…
HARARE – Listed wine and spirit maker African Distillers (Afdis) has given local imbibers something to smile about following yesterday’s launch of a new promotion that will see consumers walking away with various prices — including a house. Afdis marketing manager Donna Marowa said the promotion was not only aimed at offering three houses to…
HARARE – The African Development Bank president (AfDB) Akinwumi Adesina says the greatest contributor to economic growth is not physical infrastructure, but brainpower, or ‘gray matter infrastructure’. Adesina told delegates attending an event on global nutrition organised by the Bill and Melinda Gates Foundation in Washington on Saturday that malnourished children do not feed their…
HARARE – MBCA bank, one of the largest privately held financial institutions in Zimbabwe with over $240 million in assets, has unveiled new products aimed at making home improvement and equity release loans more accessible. The bank’s head of marketing, Dedrey Mutimutema, told businessdaily that the new products offer loans at extremely competitive rates and…
HARARE – Three entrepreneurs have won $35 000 seed capital to kick-start their businesses in the Total Zimbabwe “Startupper challenge” competitions which concluded in Harare last week. The contest, which seeks to unearth and support young and budding entrepreneurs with financial packages and coaching packages, was launched in the last quarter of 2015. Overall winner…
BULAWAYO – Russia is set to hold its inaugural exhibition during this year’s Zimbabwe International Trade Fair (ZITF) edition due in two weeks’ time. The exhibition curated by the Tatarstan Export Corporation, will present an extensive exhibition of Russian industrial achievements across a variety of spheres. This year’s edition of ZITF will be running from…
HARARE – Zimbabwe’s annual inflation for the month of March lost 0,09 percentage points to close the month at negative 2,31 percent from a negative 2,23 percent in February as the country sinks deeper into deflation. Figures released by the Zimbabwe Statistical agency (Zimstat) on Friday showed that consumer prices as measured by the all…
