Business

Fidelity increases lending to miners

FIDELITY Gold Refinery (FGR) plans to expand the number of miners who will be granted loans from the Gold Development Fund this year, reaffirming its commitment to supporting the sector with tailored solutions. FGR introduced low-cost funding for artisanal and smallscale miners to support the expansion of mining operations and boost gold production within the…

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Business

Buy Zimbabwe undergoes restructuring

BUY Zimbabwe has undertaken a restructuring exercise to align itself with shifting market trends and support young entrepreneurs. In a statement yesterday, the brand promotions organisation said the latest development aims to empower businesses in the country. “Buy Zimbabwe has embarked on a massive transformation journey to keep in line with changing market trends, ensuring…

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‘Accurate data crucial in curbing inequalities’

GOVERNMENT is working with development partners to equip gender field officers with the necessary skills to gather accurate data, a move aimed at addressing gender inequalities. Speaking at a workshop on gender statistics yesterday, the ministry of Women Affairs permanent secretary, Mavis Sibanda, emphasised the importance of accurate data in addressing inequalities and empowering women….

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‘Start-ups should explore informal financing methods’

THE International Labour Organisation (ILO) has implored start-ups in the country to explore informal financing methods in a bid to reduce loan burdens that they risk facing when starting their companies. Speaking to the Daily News yesterday on the sidelines of a financial training programme in Bulawayo, ILO representative Fortune Sithole said start-ups required financial…

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Government sets eyes on 220m litres of milk in 2025

THE government is optimistic that the country will increase its milk production to 220 million litres this year, up from 115 million litres last season.Speaking to the Daily News yesterday, the ministry of Agriculture permanent secretary, Obert Jiri, said: “We are hoping to go north after managing 115 million litres last year.“In 2025, we aim…

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Government moves to curb inputs distribution graft

THE government has given out 6 000 tablets to extension officers across the country to enable them to keep a database for farmers in their various wards for transparent distribution of inputs. This comes amid concerns that government inputs were benefiting some individuals who were not even farmers and residing in urban areas. Speaking during…

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Zim Cyber City develops energy saving initiative

ZIM Cyber City, a futuristic urban development located in the Mt Hampden area, Harare, has come up with a smart application that allows residents to control their energy usage and to enhance access to emergency services. The initiative, according to Zim Cyber City chief executive officer, Tendayi Hlupo-Mamvura, is in line with their plans to…

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Business

Government sets eyes on 220m litres of milk in 2025

THE government is optimistic that the country will increase its milk production to 220 million litres this year, up from 115 million litres last season. Speaking to the Daily News yesterday, the ministry of Agriculture permanent secretary, Obert Jiri, said: “We are hoping to go north after managing 115 million litres last year.“In 2025, we…

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Delta pins hope on increased consumer spending

Masimba Makwembere makwemberem@dailynews.co.zw LEADING beverages manufacturer, Delta Corporation, is pinning its hopes on increased consumer spending as it positions itself for future growth. In a trading update for the third quarter ending December 31, 2024 released yesterday, the listed company’s secretary Faith Musinga noted significant growth in sales across its alcoholic and non-alcoholic brands. “The…

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2024 milk output up 15pc

Almot Maqolo ZIMBABWE’S milk production rose by 15 percent to 114,69 million litres in 2024, up from 99,82 million litres in 2023. However, deliveries fell short of the 2024 target by 300,560 litres, amid a challenging operating environment. The total national milk production target for 2024 was 115 million litres. According to the Zimbabwe As…

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