Business

‘MPs must focus on development, not politics’

ZANU PF chief whip Pupurai Togarepi has urged legislators to prioritise development initiatives over politics to stimulate the country’s economic growth. Speaking at a Mudzi West Constituency field day at the weekend, Togarepi stressed the need for MPs to play a leading role in growing the economy and addressing pressing development challenges. “As representatives of…

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Business

Property owners given ultimatum

RUSAPE Town Council (RTC) has issued a 60- day ultimatum to property owners in the central business district (CBD) to spruce up their buildings or face penalties. In a notice, RTC urged property owners to carry out necessary maintenance, repair works, and solid waste management within the specified timeframe, which ends on June 21. “Notice…

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ZBFH nears banking operations merger

ZB FINANCIAL Holdings (ZBFH) is closing in on the long-awaited merger of its two banking operations, ZB Bank and ZB Building Society (ZBBS), in a strategic effort to optimise capital and streamline operations. The diversified financial services group with operations across banking, insurance, real estate and asset management wants to fold ZBBS operations into ZB…

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Zim committed to Sadc corridor road connectivity

GOVERNMENT is committed to improving road connectivity and infrastructure development across the Sadc region through the NorthSouth Road Corridor. The corridor stretches from the Port of Durban in South Africa to Kasumbalesa in Zambia via the Beitbridge Border Post and the Chirundu One Stop Border Post in Zimbabwe. The minister of Transport, Felix Mhona, told…

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MSD warns farmers of ‘black frost’

THE Meteorological Services Department (MSD) has cautioned farmers to protect their crops against “black frost” and extreme freezing temperatures expected to hit western parts of Zimbabwe. Black frost, also known as “dry freeze” or “killing frost,” occurs when air temperature cools to a point where the ground or surfaces freeze without visible frost or dew,…

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Milk output hits 38m litres in four months

ZIMBABWE produced 37,65 million litres of milk between January and April this year, marking a four percent increase from 36,34 million litres recorded the same period last year, the dairy services department in the ministry of Agriculture says. During the period under review, milk intake by processors rose four percent to 34,64 million litres from…

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Engineers adopt social media for innovation

AFRICA Engineering Week (AEW) last Friday launched a social media campaign to drive technological innovations for sustainable economic development. The AEW is a flagship initiative by engineers that celebrates the important role engineering plays in shaping the future of Africa. Speaking at the social media launch of AEW, its steering committee chairperson, Martin Manuhwa, said…

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Zim leverages offshore capital via VFEX

AUTHORITIES are intensifying the drive to attract offshore capital to fund key infrastructure projects, with the listing of the Eagle Real Estate Investment Trust (REIT) on the Victoria Falls Stock Exchange (VFEX) being described as a major milestone. The listing of the first REIT to be floated on VFEX is expected to mobilise foreign currency…

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Debt aid for tobacco farmers

THE Tobacco Industry and Marketing Board (TIMB) yesterday launched a debt relief programme under the Tobacco Inputs Credit Scheme (TICS), offering renewed hope to thousands of smallholders and communal tobacco farmers. TICS was introduced in 2017 as a strategic empowerment initiative to support tobacco farmers, especially those not under contract arrangements, by providing critical inputs…

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