Business

Masimba Makwembere STAFF WRITER makwemberem@dailynews.co.zw ENVIRONMENTAL Social Governance (ESG) goals, which seek to ensure that Zimbabwe meets its current needs without compromising the future, can only be achieved if business, the government and civil society work together. ESG Network Zimbabwe executive director Willard Razawo made the remarks during the 8th Zimbabwe National ESG and Responsible…

HOSPITALITY firm, African Sun, has enhanced its service standards as it aims to provide more value to its customers. In a statement yesterday, African Sun said as the world continues to change and evolve, they are keeping up with the times. “With the passing of each year, the business makes it a mandate to develop…

GOVERNMENT has partnered with the United Nations Development Programme (UNDP) to come up with an insurance cover for rural water infrastructure. Speaking to the Daily News on the side-lines of a stakeholders’ workshop yesterday, ministry of Lands director for irrigation Bazel Chitsungo said the insurance strategy would assist in mitigating effects of climate change. “The…

Masimba Makwembere STAFF WRITER makwemberem@dailynews.co.zw FINANCIAL institution, NMB Bank Zimbabwe, yesterday opened its new branch in Bindura. The branch is part of NMB Bank’s ongoing efforts to better serve its growing customer base in the region. Speaking at the launch, NMB Bank chief executive Gerald Gore highlighted the bank’s commitment to growth in Bindura and…

Masimba Makwembere STAFF WRITER makwemberemv@dailynews.co.zw AMERICAN businesses and other investors must tap into plentiful opportunities available in Zimbabwe’s economy, a leading government official has said. Ministry of Foreign Affairs and International Trade permanent secretary Albert Ranganai Chimbindi made the remarks during a reception hosted in Harare recently by CEO Africa Roundtable and the Confederation of…

ZIMBABWE’S real estate sector is poised for a remarkable transformation, with the upcoming Zimbabwe Real Estate Expo scheduled for December 12 to 14,2024. The event which will be held at the Harare International Conference Centre in the capital will run under the banner of “Strategies towards Building a Multi-Billion Dollar Industry – Harnessing Real Estate…

Rutendo Ngara STAFF WRITER ngarar@dailynews.co.zw THE Zimbabwe Fish Producers Association (ZFPA) says the country is importing more than 20 000 tonnes of fish annually mainly from Zambia and Namibia. This comes as local fish farmers are struggling to meet the domestic market’s annual demands of at least 60 000 metric tonnes of fish per year…

THE Deposit Protection Corporation (DPC), which was established by the government in July 2003 to provide compensation in the event of a bank failure, is pushing for amendments to its enabling Act to be finalised in 2025 five years after Cabinet approved the principles of the Bill. The DPC and other stakeholders came up with…

ZIMBABWE’s foreign currency receipts increased by 17,9 percent to US$10 billion during the first nine months of 2024, from US$8,5 billion received during the same period in 2023, latest data shows. Presenting the 2025 National Budget, Finance minister Mthuli Ncube said the country’s external sector position has remained resilient. He said foreign currency receipts’ growth…