Business

Zim-born scientist appointed Gates MRI CEO

By Masimba Makwembere makwemberemv@dailynews.co.zw ZIMBABWEAN born medical expert Patrice Matchaba has been appointed chief executive officer of the United States’ Bill & Melinda Gates Medical Research Institute (Gates MRI). Matchaba, who hold South Africa and the US citizenships, would commence his new role on June 10, taking over from Emilio Emini who is going on…

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Business

Zimbabwean businesswoman scoops international award

BUSINESSWOMAN and philanthropist Fortunate Kufakunesu has been recognised by the internationally-acclaimed Women Changing the World Awards. The Women Changing the World Awards, presented by the United Kingdom Duchess of York Sarah Ferguson and Zimbabwe-born scholar humanitarian and author Tererai Trent, are a global awards programme recognising the work of incredible women making a positive difference…

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Business

Econet’s free remittance promo hailed

ZIMBABWEANS around the country have hailed Econet Wireless and Sasai Money Transfer’s recent initiative to scrap transfer fees on all remittances sent from to the United Kingdom (UK) and South Africa to Zimbabwe. Econet Wireless, Zimbabwe’s largest telecommunications and technology company, achieved a first in Africa at the beginning of this month, by opening two…

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Zimra urges nation to embrace DRM

THE Zimbabwe Revenue Authority (Zimra) says citizens should embrace its domestic resource mobilisation (DRM) drive as it is a positive shift in empowering locals towards economic sustainability. DRM is the generation of and spending domestically generated funds to provide public goods through Zimra’s collection of taxes and duties to finance government expenditure.This comes at a…

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Reduce high tariffs on imports — World Bank

WORLD Bank country representative Victor Steenbergen has challenged authorities to reduce high tariffs on imports from Africa Continental Free Trade Area (AfCFTA) to improve Zimbabwe’s economic and trade growth. The African Union (AU) adopted the AfCFTA as a measure to promote trade in African countries.Speaking in Harare at a Confederation of Zimbabwe Industries (CZI) manufacturing…

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SAZ goes under transformation

THE government is set to transform the Standards Association of Zimbabwe (SAZ) into an institute which will make the standardisation of goods on the market compulsory. This comes as there has been an influx of substandard and counterfeit products on the market which has seen authorities raising concern over the health of consumers as well…

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Business partner accused of US$200k fraud

A BUSINESS partner has been brought before the Harare Magistrates Court by his colleague who is accusing him of over US$200 000 fraud following a botched investment deal. Steven John Bass, 51, is accused of allegedly defrauding Nicola Dickinson after he failed to meet his side of the bargain.The accused is also facing money laundering…

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BAT goes ‘smokeless’

BRITISH American Tobacco Company (BAT) says it is focusing on reducing the health impact of its business by transitioning into alternative products that offer adult smokers’ greater choices. The cigarette making company launched a new category of Vuse products into the Zimbabwean market in October last year which realized a total sale of 34 000…

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Reprieve for wheat farmers over water charges

THE Zimbabwe Water Authority (Zinwa) has given a reprieve to all winter cereal farmers to pay for their water charges after selling their crop. This came after the farmers had complained at a Zinwa winter wheat stakeholders meeting held in Harare that they were struggling to pay for water and power bills due to the…

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Government secures US$37m horticulture loan

THE government has secured a US$37 140 000 loan from the International Fund for Agricultural Development (IFAD) to enhance horticulture production in the country. The loan is meant to support the government’s Horticulture Enterprise Enhancement Project (HEEP) whose objective is to bring about increased and sustainable horticultural production and sales by smallholder farmers and micro,…

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