Business

Business

Fresh produce delivery for horticulture farmers has a fresh platform

Innovative online grocery platform 10ngah.com transforms farming in Zimbabwe

By Staff Reporter 10ngah.com, a marketplace leader in online shopping applications, has expanded its popular service online grocery service in Zimbabwe to the farming and produce sector. Several farming operations have selected 10ngah to expand their distribution and reach 10ngah’s young demographic base. The new service offering was created to help farmers sell their produce

Karikoga Kaseke was forced out due to ill-health

ZTA fires Likukuma, Chidzidzi takes charge

By Alois Vinga THE Zimbabwe Tourism Authority (ZTA) board has appointed Givemore Chidzidzi as the new acting chief executive pushing out Rita Likukuma back to her role as advisor. Likukuma was controversially appointed as acting chief executive by former Tourism Minister Priscah Mupfumira following the retirement of former ZTA boss Karikoga Kaseke. In a statement

ZimTrade CEO Allan Majuru

ZimTrade Outward Trade delegation set for UK Mission

By UK Correspondent A high-powered delegation from ZimTrade, Zimbabwe’s trade development and promotion organisation, will visit the United Kingdom (UK) on an Outward Trade Mission from the 2-6 September 2019. The delegation is set to meet a number of businesses, companies and industry players as well as diaspora entities in a bid to strike rapport

Finance Minister Mthuli Ncube

Nampak Zimbabwe Limited feels SI 142 impact, Zim dollar depreciation

By Alois Vinga PAPER and packaging group, Nampak Zimbabwe has slammed a recent ban on the multi-currency system by government Government, through Statutory Instrument 142/2019, recently outlawed the use of multi-currencies in domestic transactions and reintroduced the Zimbabwe dollar as sole tender in the country. In a recent trading update, the organisation’s company secretary, Keith

ZAS 2019 kicks off with 18% space uptake increase

By Alois Vinga THE Zimbabwe Agricultural Show (ZAS) kicked off Monday after recording an 18% increase space uptake indicating the vast business opportunities in the exhibition. In a recent exhibition update statement, ZAS chief executive, Anxious Masuka said that more exhibitors are coming on board for this year’s edition. “Regarding exhibition space, we had 381

ZB to launch aggressive diaspora banking product, ropes in Ria Money Transfer

By Alois Vinga FINANCIAL services group, ZB Financial Holdings (ZBHF) will soon launch an aggressive diaspora banking product which will lessen the risk associated with sending money for targeted use through dishonest family members. This comes at a time when the institution has also partnered globally acclaimed Ria Money Transfer to serve its client base.

English football giants Arsenal, WorldRemit re-launch Future Stars

By Staff Reporter ENGLISH football powerhouse, Arsenal has partnered mobile money transfer agency, World Remit to sponsor a male and female coach from Africa or the Americas to attend an exclusive training programme with the London club. The training programme, launched by the club and World Remit, is being held under the auspices of the

Caledonia targets 80 000 ounces yearly at Blanket Mine

By Alois Vinga LONDON Stock Exchange (LSE) listed mining giant, Caledonia Mining Corporation says plans to increase gold output to 80 000 ounces per year at its Zimbabwean subsidiary, Blanket Mine, are still on course. The company’s chief executive, Steve Curtis, in a recent production update, said plans were on track to achieve the production

Eskom exports ease Zimbabwe’s power crisis

Bloomberg News Power utility Eskom on Friday began exports of up to 400MW of electricity to Zimbabwe, easing a protracted power crisis in that country characterised by daily outages lasting up to 18 hours. State-owned power authority Zesa expects a combination of lower demand and the additional supply to mean Zimbabweans will face less time

Zimbabwe's top foreign currency earner tobacco's receipts have hit rock bottom

Gold, tobacco production plunges as power cuts effects wreak havoc

By Alois Vinga RECEIPTS from Zimbabwe’s top foreign currency earners tobacco and gold have plummeted, a local trade watcher has said. Inter-Horizon Securities (IH Securities), in a survey, said gold has gone down 20% while tobacco earnings have plummeted 35%. The survey, titled “The Zimbabwe Consumer Sector; Austerity for Prosperity”, says the agricultural sector, which

Finance Minister Mthuli Ncube

Budget deficit could trigger uncontrolled inflation

By Alois Vinga THE unavailability of revenue sources to fund government’s deficit could trigger uncontrolled inflation, the Confederation of Zimbabwe Industries (CZI) has warned. CZI chief economist, Tafadzwa Bandama told captains of industry early this week that the recent midterm budget review had failed to address the issue of how accrued fiscal deficits will be

BPO Public Relations Officer Gamuchirai Makedenge

Zim hosts inaugural BPO conference

By Business Reporter The Contact Centre Association of Zimbabwe (CCAZ) in partnership with the Econet Wireless’ Omni Contact will next month host Zimbabwe’s first BPO & Contact Centre Conference. Business process outsourcing (BPO) is a method of subcontracting various business-related operations to third-party vendors to allow enterprises to focus on their core activities and reduce

ZSE lists independent producers to curb power shortages

By Alois Vinga THE Zimbabwe Stock Exchange (ZSE) has moved to encourage Independent Power Producers (IPP) operating in the country to list their companies on the local bourse and take advantage of the capital generation potential existing in the country with hopes this will eventually bridge the current gap of electricity shortages. Speaking to NewZimbabwe.com

Top industrialist Sifelani Jabangwe

Countless licences, bureaucracy choking trade

By Alois Vinga EXPORTERS have bemoaned the numerous licencing and associated fees required by government departments in Zimbabwe saying they remain a barrier to the ease of doing business. Speaking to NewZimbabwe.com Business this week, Zimbabwe National Chamber of Commerce president Tamuka Macheka said that his organisation was deeply concerned about the existence of different

Express Links Money Transfer backs ZimFest 2019 as headline partner

By UK Correspondent UK based financial services company, Express Links Money Transfer is backing Zimfest Live as the headline partner this year and also launching a promotional competition with prizes for people to be announced at the cultural and arts festival on Saturday 3rd August at Colesdale Farm Enfield in the UK. The partnership between