HARARE – A Zimbabwean business delegation is today expected to meet with counterparts from South Africa at a forum to be held in Pretoria to explore trade and investment opportunities. The delegation is part of President Robert Mugabe’s official three-day state visit to neighbouring South Africa focusing on bilateral and economic cooperation as well as…
HARARE – Zimbabwe’s tobacco sales have declined by 27 percent to $60 million since the opening of the 2015 selling season last month compared to $81 million recorded in the same period last year due to lower prices. This has resulted in farmers delivering 23 million kilogrammes (kg) of the golden leaf to the country’s…
HARARE – China continues to dominate the country’s tobacco exports after the Asian country snapped up 19,4 million kilogrammes (kg) worth $167,6 million out of $218 million earned by Zimbabwe so far. Statistics released by the Tobacco Industry and Marketing Board (Timb) show that South Africa came in second having spent $13,7 million on 3,6…
HARARE – Tetrad Investment Bank’s future hangs in the balance as creditors and depositors meet for the last time today in the capital to decide the troubled financial institution’s fate. At the last meeting held in March, creditors gave a potential Russian investor one month to inject fresh capital into the troubled bank or else…
HARARE – Zimbabwe’s manufacturing industry is bleeding to death after the sector contracted by a negative 4,9 percent in 2014, latest statistics from the central bank show. In its quarterly economic report released yesterday, the Reserve Bank of Zimbabwe (RBZ) attributed the massive decline in manufacturing output to “persistent challenges affecting the sector, which include…
HARARE – Collapsed Allied Financial Holdings (AFH) former chief executive Terence Mukupe has turned to politics and is eyeing the Harare East parliamentary seat under the Zanu PF ticket. Mukupe is expected to lock horns in the primaries with the party’s losing candidate in the 2013 general elections Noah Mangondo, Stalin Mau Mau and Mavis…
HARARE – Premier African Minerals (Premier) says it remains on course to start its first tungsten production in Zimbabwe by June this year. George Roach, Premier chief executive, said the mining firm has started to strip the waste at its RHA tungsten project, while plant fabrication is on schedule to start in two months. “Construction…
HARARE – Asian tourist arrivals to Zimbabwe has declined by 19 percent to 42 798 in 2014 from 52 959 recorded in 2013 despite the country’s aggressive Look East policy, latest tourism statistics show. Figures recently released by the Zimbabwe Tourism Authority (ZTA) revealed that the southern African country registered growth in arrivals from all…
HARARE – Zimbabwean companies are losing over $100 million annually in wages and productivity through mental health or stress related absence from work, a latest survey has shown. Industrial Psychology Consultants (IPC)’s National Employee Engagement 2014 report released this week indicates that the loss was based on results that close to four in 10 working…
HARARE – Zimbabwe Stock Exchange-listed agro-industrial concern, Zimplow, is set to dispose more non-core assets in the coming year as the group seeks to restructure debts and focus on its primary business. Group chairman, Zed Rusike, said the group — with total debt of $16,7 million as at December 31, 2014 – wants to dispose…
