Business

BUSINESS experts are urging women entrepreneurs to shift their focus from local survival to global expansion, aiming to boost the country’s economy. Speaking at a recent Common Market for Eastern and Southern Africa (Comesa) engagement in Bulawayo, Edna Makurazhizha, chairperson of the Comesa Federation of Women in Business, said global expansion was crucial for business…

GOVERNMENT has partnered with CBZ Holdings and is receiving support from the Kwangu/Ngakwami Trust to accelerate the full servicing of stands in Bulawayo’s Cowdray Park Hlalani Kuhle/Garikai area. Established in the early 2000s as a self-help initiative, the Cowdray Park area has remained only partially developed, significantly lacking essential infrastructure like sewer connections and roads….

LOCALLY manufactured medicines remain low, occupying only 12 percent of the pharmaceutical sector, according to Industry Minister Mangaliso Ndhlovu. Speaking at the annual conference of the Community Pharmacists Association and Pharmaceutical Wholesalers Association in Harare at the weekend, Ndhlovu said the country relied more on imports. “Zimbabwe’s pharmaceutical sector is currently valued at approximately US$254…

CFI Holdings says the unfair competition from the informal sector has adversely impacted its operations, resorting to drastic price cuts to remain competitive. The diversified agro-industrial concern is struggling to compete with informal traders who are selling cheaper imported goods. In addition, the informal players are able to sell at much lower prices as they…

FIRST Mutual Microfinance (FMMF) has launched its new Small and Medium Enterprises (SME) Loan Product, a move poised to invigorate entrepreneurship and drive inclusive economic development across the country. This transformative financing solution aims to provide support to the nation’s burgeoning small business sector. Speaking at the launch last week, the Registrar of the Microfinance…

AFRICAN Sun Limited (ASL) has confirmed that it has signed transactional agreements for the sale of Monomotapa Hotel to Monomotapa Hospitality (Private) Limited, in which the Public Service Pension Fund has an interest. The transaction, valued at US$18 million plus VAT, includes the hotel’s land, buildings, and adjacent car park, and will be sold as…

FIFTEEN local companies are currently on a trade seller mission to Beira, Mozambique, to identify market opportunities for the growth of the country’s export receipts. The country’s principal trade promotion body, ZimTrade, is organising a high-level outward business mission which runs from July1-3, 2025. This initiative builds upon the strategic groundwork laid by ZimTrade’s recent…