Companies

Companies

Some of the best students pose for a group photo Friday

CCAZ Calls For Improved Consumer Care As 50 Students Graduate In Customer Management

By Ndatenda Njanike THE Customer Contact Association of Zimbabwe (CCAZ) Friday called upon all businesses to at all times practice customer excellence as it was core to the growth of companies. This was said by CCAZ president, Lance Mambondiani while speaking to NewZimbabwe.com on the sidelines of the colourful Chartered Institute of Customer Management (CICM) graduation

Pearson Gowero

Gowero Steps Down As Delta Corporation CEO

By Alois Vinga LISTED beverages manufacturer, Delta Corporation’s chief executive Pearson Gowero has stepped down on retirement after spending over two decades with the group. The veteran administrator was appointed as the CEO in June 2012, having joined the Group in March 1997. He started at Chibuku Breweries in marketing and rose to become the

INNSCOR Hails Prevailing Exchange Rate Stability

By Alois Vinga DIVERSIFIED light manufacturing concern, INNSCOR Africa Limited has hailed the prevailing exchange rate stability for enabling pricing efficiency prompting the group to declare $1.10 dividend payout. In a recent update the group’s chairman, Addington Chinake said the economic environment during the period remained relatively stable, with a marked reduction in inflation and

Afdis Appoints Stanley Muchenje As New Managing Director

By James Muonwa AFRICAN Distillers (Private) Limited has announced the appointment of Stanley Muchenje as the new substantive managing director (MD). The appointment is effective 1 April 2021. He replaces Cecil Gombera who retires from the cane spirit beverages manufacturer at the end of this month. Afdis board chairman, Pearson Gowero notified of the new

First Capital Bank Maintains Strong Capital, Liquidity Position

By Alois Vinga LEADING financial institution, First Capital Bank (FCA) has managed to sustain a sound capital, liquidity position and a quality loan book for the period ended December 31, 2020. The achievement was realised through the application of strategic management practices which respond to the obtaining economic dynamics. In an update this week, FCA

Todd Moyo

National Foods Stability Related Growth Model Pays Dividends

By Alois Vinga LISTED agri-industrial concern, National Foods Holdings Limited (Natfoods) has realised sales improvements after recently adopting stable exchange rate related sales growth. This has prompted a dividend pay-out of $80 per share amid plans to further exploit recovering market fundamentals. Unstable exchange rates rose to unsustainable levels before the introduction of the Foreign

Zimbabwe To Seize AfCFTA Opportunity For Women Empowerment

By Alois Vinga ZIMBABWE aims to take advantage of the forthcoming Africa Continental Free Trade Area (AfCFTA) through prioritising women’s economic empowerment in order to achieve economic growth. AfCFTA is the brainchild of the African Union and was initiated in 2012 with the objective of establishing a single trading bloc which enjoys lowered trade barriers

Afids chairperson Pearson Gowero

Stable Exchange Rate Gives African Distillers 39% Growth

By Alois Vinga THE current relatively stable foreign exchange market has prompted a 39% total volumes growth for leading wine and spirits maker, African Distillers limited (Afdis). Presenting the group’s performance for the period ended December 31 2020, Afdis chairperson, Pearson Gowero attributed the volumes growth to stable exchange rates and improved foreign currency supplies.

Strive Masiyiwa

Strive Masiyiwa Sees DPA’s Growth Surpassing Econet, Liquid

By Alois Vinga OPTIMISTIC business magnet, Strive Masiyiwa sees his Kenyan renewable business, Distributed Power Africa’s (DPA) growth surpassing the other two reputable brands, Econet and Liquid. He made shortly after DPA sold 50% of its Kenya business to a leading French energy group EDF, which is an influential global brand. In a recent update,

File Image

China’s Tsingshan To Build Iron Ore Mine, Steel Plant In Mvuma

Reuters CHINA’S Tsingshan Holding Group is set to start developing an iron ore mine and a carbon steel plant in Zimbabwe from May, the African country’s information minister said late on Tuesday, three years after the firm first announced the investment deal. Tsingshan signed a $1-billion outline agreement with Zimbabwe in June 2018 to build

ZCTU secretary general Japhet Moyo

Labour Dismisses CZI’s 14 % Retrenchment Findings

By Alois Vinga THE Zimbabwe Congress of Trade Unions (ZCTU) has dismissed recent findings by the country’s leading industry lobby group arguing that the data fell short of capturing the true picture obtaining on the ground. The remarks come shortly after the Confederation of Zimbabwe Industries (CZI) released its 2020 Manufacturing Survey report which established

NTS Records Bullish 99 % Sales Volume Increases In The Midst Of Lockdowns

By Alois Vinga LISTED tyre manufacturer, National Tyre Services (NTS) has recorded a massive 99 % sales volume increase despite the adverse effects of Covid-19 lockdowns. In a recent trading update, the company recorded a leap in sales volumes attributed to improved strategies. “Overall, volumes for the period October to December 2020 increased by 99%

Industry Productivity Up 11 % Due To Exchange Rate Stability – CZI

By Alois Vinga ZIMBABWE’S industrial capacity utilisation registered an 11 % increase in 2020 on the back of exchange rate stability among other positives, Confederation of Zimbabwe Industries (CZI) reported Thursday. Presenting the 2020 CZI State of Manufacturing Sector Survey virtually, the organisation’s chief economist, Tafadzwa Bandama said capacity utilisation increased to 47 % in