HE Mutapa Investment Fund’s (MIF) US$1,9 billion acquisition of a 35 percent stake in Kuvimba Mining House (KMH) in 2024 was above board. So said MIF chief executive, John Mangudya, who added yesterday that due diligence was also done regarding the valuation of the deal. This follows social media claims that have suggested that the…
THE Zimbabwe National Road Administration (Zinara) has set sights on licensing at least one million vehicles by the end of 2025 to raise funds for road maintenance and rehabilitation. Dubbed the “One Million Campaign”, the nationwide drive was launched yesterday at the ongoing Zimbabwe International Trade Fair (ZITF) in Bulawayo. Zinara chief executive officer, Nkosinathi…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is seeking ways to improve the protection and privacy of data users. This comes as authorities have vowed to take stern measures against individuals spreading misinformation on social media targeting the country’s leadership. In a notice issued in the Government Gazette, Potraz said the growing use…
THE Zimbabwe Investment Development Agency (Zida) approved 207 new licenses in the first quarter (Q1) 2025, up 44,8 percent from the same period last year thanks to improved investor confidence and efficiency in the new electronic licensing system.Zida launched the electronic Do-It-Yourself (DIY) investment licensing system in the first quarter of last year, which has…
THE Zimbabwe International Trade Fair (ZITF) Company has secured a partner to invest US$12 million in the construction of a modern trade exhibition and shopping centre in Bulawayo.The project aims to transform the trade exhibition hub and is part of the ZITF’s initiative to modernise its premier trade showcase grounds and exhibition centre.On completion, the…
THE India-Zimbabwe business session at the ongoing Zimbabwe International Trade Fair (ZITF) in Bulawayo marked the strengthening of economic ties between the two countries. A 15-member Indian business delegation led by Rakesh Kumar is attending the global trade event. During their visit to the ZITF, the delegation signed two Memoranda of Understanding (MoUs) with the…
OLD Mutual has launched the fifth edition of the Value Creation Challenge (VCC), which offers support to aspiring entrepreneurs starting and growing their businesses. In a statement yesterday, Old Mutual spokesperson, Lillian Mbayiwa, said that the initiative, spearheaded by the Eight2Five Innovation Hub, and Old Mutual, including partners such as the British Council, the British…
THE Zimbabwe International Trade Fair (ZITF) Innovators Forum kicked off yesterday at the Zimbabwe International Exhibition Centre, with a focus on harnessing digital technologies for economic growth. The two-day forum, themed “Empowering Youth-led Innovation for Industrialisation and Trade Development,” brings together key players in the innovation ecosystem. The sessions spotlight inclusive and secure e-commerce as…
LOCAL and international exhibitors have expressed excitement over this year’s Zimbabwe International Trade Fair (ZITF) saying they are looking forward to boost their business growth in a bid to contribute to the development of the economy. Exhibitors who spoke to the Daily News yesterday expressed high morale and confidence that the week long event would…
POLICE in Buhera South and Nyanyadzi districts in Manicaland Province have recorded 13 cases of cattle theft and deboning since the start of the year, sparking concerns among local communities. The Manicaland province acting police spokesperson, Wiseman Chinyoka, confirmed the development yesterday. “There is an emerging scourge of cattle deboning we are encountering in Manicaland…
