Business

Industrial hemp firm empowers women

Nyasha Kunyiswa kunyiswan@dailynews.co.zw INDUSTRIAL hemp company, Hut of Hemp, has embarked on a programme to empower women to manufacture wool from hemp. Speaking to Daily News yes- terday, Hut of Hemp co-founder Timukudze Maroveke said indus- trial hemp was significant in the development of the economy. “Industrial hemp is found through cannabis. We have a…

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Business

Bulawayo introduces small businesses expo

THE Bulawayo Business Network (BBN) has introduced eKasi Expo for small and medium businesses that are not catered for at high profile exhibitions Speaking to the Daily News on the side-lines of the Bulawayo Business Week launch at the weekend, BBN communications and liaison officer Sibonginkosi Maphosa said the initiative is aimed to give grassroots…

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Business

Expanded ZimTrade Exporters’ Conference set for Bulawayo

THIS year’s edition of the ZimTrade Annual Exporters Conference slated for later this year in Bulawayo has been extended to five days from the traditional three days to give more time for business interactions, organisers have said. The event, organised by the national trade development and promotion organisation —ZimTrade — will span an entire week…

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Business

Innscor, Simbisa Brands invest US$2,2 million in Marondera School

INNSCOR Africa and Simbisa Brands contributed over US$2,2 million towards the construction of a community school on a permanent site in Marondera, Mashonaland East. The USAP Community School, which enrols brilliant economically-disadvantaged students for ‘A’ Level education, previously ran on leased premises in Goromonzi before it was relocated to the new site. Since its inception…

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Business

Delta injects US$10m for barley farmers

LEADING beverages company Delta Corporation has availed US$10 million to fund this year’s winter barley crop production. The scheme is under contract farming and targeted 53 commercial growers across the country. Speaking to the Daily News recently, Delta Corporation corporate affairs general manager, Patricia Murambinda, confirmed that apart from funding barley farming, Delta is also…

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Business

HCC has no electronic asset register

HARARE City Council (HCC) is running its day-to-day operations without an electronic management system (EMS) and its properties are maintained manually, a senior official has confirmed. This comes as the local authority is struggling to offer efficient service delivery to its ratepayers and over 2 000 properties are not properly registered resulting in corrupt practices….

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UK’s Kavango Resources set for VFEX listing

LONDON Stock Exchange-listed Kavango Resources PLC (Kavango) has announced its planned secondary listing on the Victoria Falls Stock Exchange (VFEX) as it seeks to raise capital for its mineral exploration and mining activities in the country. The group-through its local subsidiary Kavango Zimbabwe formed in July last year is targeting several historic high-grade gold mines…

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Business

Industrialisation will drive national, regional economic growth

INDUSTRIALISATION anchors economic growth, industrial development, and facilitates trade creation and special economic zones (SEZs) are a key policy tool in this endeavour. Speaking on the sidelines of the 7th Sadc Industrialisation Week and Exhibition, which ended in Harare on Friday, Eunice Kamwendo, director of the Economic Commission for Africa (ECA) Sub-Regional Office for Southern…

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Manufacturing sector to grow 2,5 pct

TREASURY has revised upwards growth of the manufacturing sector to 2,5 percent this year, from an initially projected 1,6 percent, to reflect the expected positive impact of the substantial investments underway in both existing and new plant and machinery. According to the latest economic review, the projection also takes into account the commencement of steel…

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