RIOZIM Limited’s diamond production at its Murowa Mine has taken a significant hit due to obsolete machinery and recurring operational issues. According to the company’s trading update for the financial year ending December 31 2024, the mine’s plant throughput plummeted by 47 percent due to reduced processing capacity. “The Associate’s plant throughput went down by…
THE country’s leading financial institution, ZB Financial Holdings (ZBFH), has expanded its existing payment platforms beyond the Visa products by launching international cards and payment services in partnership with Mastercard. This latest development means that ZB clients would now enjoy broader acceptance and greater flexibility in their transactions globally. The broadened array of products now…
KUVIMBA Mining House says it has made a strategic shift in its operations by commencing work on an open-pit section at its…
LOCAL financial institutions should prioritise lending to productive sectors of the economy to increase output and stimulate exports to boost foreign currency reserves, trade experts have said. This came out at the POSB Exports Seminar on Friday, where stakeholders in the export sector applauded the State-owned financial institution’s commitment to supporting productivity but called for…
IN a field of paprika plants in the heart of Zimbabwe, fourth-generation farmer Daniel Burger and relative newcomer Miriam Mupambawashe discuss the…
NESTLÉ Zimbabwe (Nestlé) expects cereal output to increase by 35 percent thanks to the US$7 million investment into the Roller Dryer 4 plant in Harare, which will also prop up supply to east and southern African markets. The expansion builds on Nestlé’s decade-long US$40 million investment in Zimbabwe, affirming its long-term market share. The new…
GOVERNMENT says it is currently devising solutions meant to minimise costs in agricultural production in a bid to improve food security. Speaking to the Daily News yesterday, the permanent secretary in the ministry of Lands, Obert Jiri, said farmers were worried over high costs of production. “As a ministry we are focused on production issues…
FORMER ministry of Agriculture permanent secretary, John Basera, yesterday appeared at the High Court where he confirmed that Blackdeck, a company contracted by the government to supply 600 000 goats, met all the tender conditions. Basera, now the ministry of Local Government permanent, was testifying in the trial of two Harare businessmen, Mike Chimombe and…
BUY Zimbabwe, in collaboration with Select Research, will today award best performing brands in the country as a way of promoting local products. This comes as Buy Zimbabwe recently undertook research on the market for consumer preferences on different products and brands that include agricultural produce, foodstuffs, beverages, cooking oil, and clothing. In a statement…
STANBIC Bank Zimbabwe has reaffirmed its commitment to supporting the country’s power supply needs by offering future-fit, sustainable financing solutions for renewable energy projects, particularly in support of the mining sector. Speaking at the annual Chamber of Mines President’s Dinner in Victoria Falls recently, Stanbic Bank chief executive (CE), Solomon Nyanhongo, said the bank, a…
