Business

ZimTrade scales-up export training for SMEs

THE Zimbabwe Trade Development and Promotion Organisation (Zimtrade) is scaling-up export training for small and medium enterprises (SMEs) to boost their market penetration. Speaking to the Daily News yesterday, Zimtrade representative Enias Dube said the organisation was equipping small businesses with the necessary expertise and connections to penetrate international markets. “Export training programmes have been…

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US$500k facelift for New Ambassador Hotel

RAINBOW Tourism Group (RTG)’s New Ambassador Hotel in central Harare is undergoing massive renovations at a cost of US$500 000. The hotel closed its doors to the public on January 6 for the renovations, which are expected to end on February 10. Addressing the media after touring the hotel yesterday, the RTG’s corporate affairs manager,…

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Guchu new InnBucks Microbank CEO

Masimba Makwemberemakwemberem@dailynews.co.zw NEXT-GENERATION financial services company, InnBucks Microbank, has appointed ex-Simbisa Brands group finance director Baldwin Guchu, new chief executive officer effective January 01. Guchu succeeded Daisy Zinyemba who has successfully led the company as chief executive, since 2022, and would transition into the role of chief operating officer.“Guchu is a seasoned executive with extensive experience…

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Govt to review lecturers’ welfare

STAFF WRITERmuronzereyib@dailynews.co.zw GOVERNMENT says it is committed to reviewing the welfare of its lecturers in tertiary institutions to curb brain drain.This comes as qualified lecturers are leaving the country to seek better employment opportunities elsewhere, primarily due to extremely low salaries and poor working conditions, resulting in a shortage of skilled lecturers within the country’s…

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Save informal sector, authorities told

Masimba Makwemberemakwemberemv@dailynews.co.zw CONSUMERS have called on the government to put in place measures that will enable the formal sector to thrive.This comes as major supermarkets and wholesalers in the country have been downsizing their operations lately.In a statement yesterday, Consumer Council of Zimbabwe (CCZ) said the closure of the formal sector would affect the economy…

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Companies join HCC’sChenesa Harare campaign

Stella Madzivanyika PRIVATE companies have joined the Harare City Council (HCC) in the city’s latest waste collection Chenesa programme.The latest launch campaign was held yesterday at Tichangarika Shopping Centre in Glen View with several local companies participating.The programme was launched last year to remove growing uncollected rubbish in the capital.Speaking at yesterday’s launch, the minister…

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CBZ retrenches 347 employees

ONE of the country’s largest financial institutions, CBZ Holdings, has retrenched 347 workers as the economic meltdown claims more jobs and businesses continue to shut down. In a statement, CBZ Holdings Group chief executive officer Lawrence Nyazema said the restructuring process was part of the company’s effort to adapt to the economic environment.  “In October…

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World Bank sets 10% inflation target for Zimbabwe

THE World Bank says inflation in Zimbabwe is expected to moderate to 10 percent in 2025 due to the strengthening of the monetary stance. The Bretton Woods institution said high inflation and rapid exchange rate depreciation have historically constrained economic growth and reduced the competitiveness of local firms. The World Bank said over the medium…

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NRZ boss Zinyanduko fired

THE National Railways of Zimbabwe (NRZ) has fired its general manager Respina Zinyanduko as part of its realignment and restructuring exercise. In a statement on Friday, the NRZ board chairperson, Mike Madiro, confirmed the development. “The board of directors of the National Railways of Zimbabwe wishes to inform the public that … Respina Zinyanduko has…

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