Business

ZIMBABWE Stock Exchange (ZSE)-listed financial services giant, ZB Financial Holdings, yesterday unveiled an innovation hub as part of the group’s ongoing digital transformation journey. Speaking at the launch of the new platform in Harare, ZB group chief executive Shepherd Fungura said the financial institution wanted to maintain its position as the leading financial digital company…

HIGH Court judge Justice Siyabona Paul Musithu has ordered former National Pharmaceutical Company of Zimbabwe (NatPharm)’s managing and operations manager, Zealous Nyabadza, to surrender the official vehicle he was given during his tenure. Nyabadza was dismissed from employment in August 2020 after being accused of selling a consignment of surgical masks without getting authorisation from…

THE country’s largest beverage maker, Delta Corporation, is funding US$25 000 worth of projects, including a US$10 000 solar-powered borehole to help provide the Bikita community with access to safe drinking water. In a statement yesterday Delta’s general manager Corporate Affairs Patricia Murambinda said the Bikita water project was driven by the need to provide…

THE Bulawayo City Council (BCC) says it is working on crafting a policy to ban all unapproved contractors from trenching across built up roads as their work is usually substandard. Speaking in a council meeting yesterday, BCC director for engineering services Sikhumbuzo Ncube said council was worried about roads being damaged by contractors. “Council is…

THE Zimbabwe Investment and Development Agency (ZIDA) says it has issued a total of 1 083 new licences since its inception in 2020 suggesting rising investor interest in the country. The investment agency said it continues to put in place measures to improve investment attraction and facilitation in through investment promotion programs and improving its…

OPTATE Africa, an energy company, plans to build a 200 megawatts (MW) wind power plant near the town of Plumtree. It has sought a 25-year lease from Mangwe Rural District Council for 100 hectares of land to set up the plant. Optate Africa is running the project in partnership with GE, a turbine manufacturing and…

THE United States Agency for International Development (USAid) in partnership with the Food and Agriculture Organisation (FAO) have released a total of US$2,7 million to fight livestock diseases in the country. This comes as Zimbabwe is struggling to eradicate foot and mouth disease (FMD) and other tick-borne diseases, including theileriosis, better known as the January…

THE Pretoria Portland Cement (PPC) has partnered a local organisation — Active Youth Zimbabwe — in the fight against drug and substance abuse in the city. Speaking during a media briefing yesterday, PPC head of sales and marketing Nkosana Mapuma said they were concerned about the high cases of drug abuse, particularly among the youth….

THE Food and Agriculture Organisation (FAO) says the growth of fish farming in Zimbabwe remains low due to numerous challenges faced by thousands of local farmers. This comes after the government recently partnered with the international aid organisation and launched a US$500 000 fishery project in three districts as part of the initiative to produce…