ONE of the leading banks in the country, Time Bank has offered the government a loan of US$35 billion to compensate white farmers and other groups of people in an inclusive manner. This comes as the government is continuing to push for a settlement with white former commercial farmers who lost their land during the…
ONLY a few power generation licence applications made by aspirant independent power producers (IPPs) to the Zimbabwe Energy Regulatory Authority (Zera) have been implemented. As a result, the Energy ministry says all those who were licensed to produce electricity should utilise the opportunity and contribute to the national grid as the country is facing acute…
DIVERSIFIED group Zimplow Holdings Limited has announced the appointment of Benjamin Nkosentya Kumalo as its new board chairperson and Hamish Bryan Wilburn Rudland as a non-executive director with effect from July 31, 2024. Kumalo took over from Godfrey Tsikayi Manhambara who retired last month. “The board of directors of Zimplow Holdings Limited is pleased to…
THE country’s premier mining exhibition, Mine Entra 2024, will be held in October, the Zimbabwe International Trade Fair (ZITF) Company announced yesterday. The event, according to the organisers, would take place from October 9 to 11 at the Zimbabwe International Exhibition Centre (ZIEC) in Bulawayo. It will run under the theme, “Unearthing Success the Mining…
A HARARE-BASED company, Africa Exhibition Group (Pvt) Ltd, will host Zimbabwe Property Expo in October in Harare. Event Consultant at Africa Exhibition Group Sipho Matshazi told the Daily News yesterday that they had to move the expo from this month to October to accommodate the just ended Sadc summit. “Africa Exhibition Group … would like to inform…
BUSINESSES have been called upon to focus on being innovative and craft products that solve challenges faced by people in their communities. Speaking at the launch of Corporate 24 Medical Aid Services in Bulawayo on Friday, United Refineries Limited chief executive Busisa Moyo said it was not only the government’s responsibility to solve the country’s…
THE Zambezi River Authority (ZRA) aims to finalise feasibility studies for the Batoka Gorge hydropower project by mid-2025, after which it will seek a new developer and secure funding. The proposed location of the Batoka Gorge hydroelectric project is on the Zambezi River, 54 kilometres downstream from Victoria Falls, and it will cross the boundary…
SHELTER Afrique Development Bank (ShafDB) has extended a US$15 million credit facility to the CBZ Bank for housing development and mortgage origination. This financial injection would further strengthen the bank’s position in the real estate sector. At the signing of the US$15 million credit facility in Harare yesterday, ShafDB group chief business officer, Gibson Mapfidza,…
THE 2024/25 Pfumvudza/Intwasa summer cropping season preparations are underway with the government expecting 1,8 million hectares to be put under maize crop. The plan comes on the backdrop of the El Nino 2023-24 summer season and the prediction of better rainfall this coming season. Maize production is targeted to increase from about 635 000 tonnes…
THE Financial Securities Exchange (FINSEC) has announced the admission of Property X as a quoted security on its Mutual Funds Board, offering a groundbreaking opportu- nity for investors to tap into property development projects. Property X, managed by South- people Capital Asset Management, provides a unique “pay-as-you-go” property acquisition option, allowing individuals and institutions to…
