Business

TOBACCO Sales Limited (TSL) says it has lined up several initiatives to increase warehousing capacity which are earmarked for completion before the end of October this year.The Zimbabwe Stock Exchange (ZSE)-listed tobacco processing firm, also with operations in agriculture commodities logistics, recently completed a 15 000 square meter warehouse facility for an undisclosed client, expanding…

MACADAMIA nuts are poised to generate significant income in 2025, driven by high demand ahead of the harvesting season.The crop, set to be harvested in April, is showing improved quality compared to the previous season.In a trading update for the first quarter ended December 31 2024, Ariston Holdings Limited secretary Anesu Museta on Tuesday expressed…

THE minister of Women Affairs, Monica Mutsvangwa, says the government facilitated local and international market access for 14 173 small and medium enterprises (SMEs) last year. Speaking at the Zimbabwe Army Staff College in Harare on Monday on Women Empowerment and the National Lecture Economy, Mutsvangwa emphasised the critical need for the provision of decent…

Takudzwa Dhambu THE European Investment Bank (EIB Global) and Stanbic have launched a €20 million credit line to provide longer-term loans at favourable conditions to small and medium-sized businesses (SMEs) in Zimbabwe. The facility would focus on SMEs and businesses owned or run by women, which employ a significant number of women, or which offer…

Kudzanai Gerede ECOBANK Zimbabwe Limited (Ecobank) says it is set to launch its new environmentally-friendly head offices in Borrowdale, Harare, in the second quarter of this year, marking its commitment to expanding local operations. The regional bank entered the Zimbabwe market in 2011 and has since grown its branch network to over a dozen. Speaking…

FIDELITY Life Assurance, one of the nation’s premier pension funds, is embarking on an ambitious housing scheme aimed at tackling the significant national housing backlog a development that is set provide accessible housing solutions. As the demand for affordable housing continues to rise, Fidelity’s proactive approach seeks to bridge the gap between the growing population…

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has called for innovation and resilience among the country’s youthful entrepreneurs. This was said by Potraz director-general Gift Machengete on Friday in his closing remarks after a week-long start-yourbusiness (SYB) workshop held in Bulawayo. The event, which was held in collaboration with the International Labour Organisation…

AUTHORITIES have revised this year’s tobacco production from 300 million kg to 280 million kg due to the El Nino-induced drought effects that persisted until the end of 2024.Last year’s tobacco sales totalled 231.7 million kg. The 2025 tobacco marketing sales will open on March 5.Addressing the media after a pre-inspection tour to assess preparedness…

STANBIC Bank Zimbabwe is this year providing scholarships for seven students at Africa University, who were Last week presented by the bank with laptops and laptop bags to assist them with their studies.The scholarships, which cover tuition fees and related expenses such as accommodation, meals, learning materials and other living expenses, cover the students for…

STAFF WRITER muronzereyib@dailynews.co.zw PARLIAMENT will launch its provincial engagements with ordinary citizens in earnest early next month, to gather their views on the state of the country’s economy. This follows the meetings that legislators held recently with representatives of consumers and business in Harare, amid growing concerns over company closures. “As parliamentarians, we are worried…