Business

PRESIDENT Emmerson Mnangagwa says the integration of energy and metallurgy by mining companies is critical to spur industrialisation and economic growth. He made these remarks yesterday at the launch of Xintai Palm River Energy Metallurgical Industrial Park, a metallurgical special economic zone in Beitbridge. Mnangagwa stated that Zimbabwe Xintai Resources intends to construct 1 200…

GOVERNMENT is partnering with local authorities and the private sector to construct modern facilities for small and medium enterprises (SMEs) to enhance product quality. Speaking to the Daily News on the sidelines of a stakeholders’ workshop in Bulawayo yesterday, the minister of Women’s Affairs, Monica Mutsvangwa, said a conducive working environment was crucial for SME…

FOLLOWING the reintroduction of Turkish tobacco farming last year as a pilot project, Zimbabwe is targeting 120 000 kilogrammes of the golden leaf this year. Turkish tobacco, a natural air-cured type, was last grown in the country in 1965 and was reintroduced last year.  Speaking to the Daily News yesterday, the Tobacco Industry and Marketing…

THE Zimbabwe Stock Exchange (ZSE) has announced that all listed entities will be required to submit sustainability reports starting from financial years that commence on or after January 1, 2024. This is in collaboration with the Public Accountants and Auditors Board (PAAB) and the Victoria Falls Stock Exchange (VFEX). Sustainable reporting refers to a company…

BUY Zimbabwe is conducting research on consumer preferences for various products, including agricultural produce, foodstuffs, beverages, cooking oil, and clothing.This development comes after the brand promotions organisation undertook a restructuring exercise last month to align itself with shifting market trends and support young entrepreneurs.In a statement yesterday, Buy Zimbabwe said the survey aims to understand…

THE country’s ongoing power outages have severely hampered the growth of the information and communication technology (ICT) sector, driving up costs as consumers look for alternate energy sources, a senior government official has said. Speaking at the CEO Africa Roundtable breakfast meeting recently, ICT deputy minister, Dingumuzi Phuthi said as a result players in the…

BULAWAYO City Council (BCC) will host its inaugural business investment conference in Harare aimed at rekindling economic ties between the city’s business community and residents who have relocated to the capital. Scheduled for the second quarter of 2025, the event is being organised by the BCC’s business development unit and will run under the banner…

THE Agricultural and Rural Development Authority (ARDA) is optimistic about a good maize crop yield after its intervention helped farmers nationwide combat the armyworm infestation. ARDA board chairperson Ivan Craig yesterday urged farmers to continue monitoring their maize crops for signs of armyworms. “ARDA is looking forward to a good yield after our intervention helped…

THE government has challenged farmers to adopt organic fertilisers to improve soil fertility and boost crop growth.Ministry of Agriculture permanent secretary Obert Jiri emphasised the benefits of organic fertilisers in an interview with the Daily News yesterday.“The cost of fertiliser is definitely the biggest cost driver in crop production, and adopting organic fertilisers shows that…