Business

FASTJET Zimbabwe (Fastjet) has introduced a new scheduled flight service from Harare to Lusaka, Zambia, as part of its regional expansion and integration strategy.The route would operate three times a week—on Mondays, Wednesdays, and Fridays—using a 50-seater Embraer ERJ145 aircraft.The approximately 45- minute long inaugural flight touched down at Kenneth Kaunda International Airport at around…

THE Grain Marketing Board (GMB) has paid US$31 million to 2024 winter wheat farmers from an estimated total of US$43 million owed.This comes as farmers prepare for this year’s winter wheat cropping season.In a statement yesterday, the GMB chief executive officer, Edison Badarai, confirmed the payment to farmers.“The Grain Marketing Board has received US$5 million…

SUCCESS BANK says its loan book consists of over 98 percent of US-dollar loans, providing a solid cushion against inflationary pressures. The financial institution recorded a profit after tax of ZWG19,79 million during the year ended December 31, 2024. “The bank has been on a growth trajectory in the period under review regardless of the…

THE Japan International Cooperation Agency (JICA) says the construction of the North-South Corridor road project phase two, which seeks to improve trade and connectivity in the Sadc region, is expected to be complete early next year. This comes as the government signed the US$17,4 million grant aid for phase two road improvements with JICA under…

HYATT Regency Harare the Meikles (former Meikles hotel) says it is almost half way through with its ongoing renovation of the facility. Speaking during a media tour of the hotel yesterday, Hyatt general manager Tinashe Munjoma said 180 rooms were under renovations. “Currently, 180 rooms are under renovations … When we are done with the…

ALMOST 90 percent of Zimbabwean employees are not covered by the formal pension system, CEO Africa Roundtable chief executive officer Kipson Gundani has said. Speaking at the inaugural CEO Africa Roundtable Wealth and Retirement Summit held in Nyanga recently, Gundani underscored the importance of robust and inclusive pension systems with the capacity to cover the…

NYANGA mayor Fungai Chimwamurombe has revealed plans to build a large conference centre as part of efforts to make the resort town in Manicaland Zimbabwe’s mecca of conferences. Currently, most big conferences in Zimbabwe are held in Harare, Kariba and Victoria Falls, with Nyanga only playing host to small meetings due to lack of spacious…

GETBUCKS Microfinance Bank (GetBucks) will this month seek to raise US$7 million through a rights issue to bolster its capital base and meet the Reserve Bank of Zimbabwe (RBZ)’s minimum regulatory threshold of US$ 5 million. The deposit-taking microfinancier’s core capital stood at US$3,3 million as at December 31, 2024. A rights issue is a…

AS Zimbabwe seeks to revitalize its agriculture sector — the backbone of its economy — farmers have been challenged to make the transition from the use of chemical fertilisers to organic alternatives in order to boost yields and restore soil health. The call was made by the managing director of agri-inputs distribution firm Humuson Complex,…

THE Confederation of Zimbabwe Industries (CZI) yesterday took women entrepreneurs on a tour of National Foods Limited, Harare, for inspiration to scale up their businesses. The tour which targeted women operating small-scale businesses, as CZI marked the just-ended women’s month, exposed them to sophisticated production processes, product development and business models. Speaking to the Daily…