Markets

Markets

Govt Moots Compulsory Insurance For Small-Scale Farmers

By James Muonwa AGRICULTURE financiers need security on investment in agricultural activities of small-holder farmers in light of various climate-induced disasters, an expert has said. Agricultural Finance Corporation (AFC) Holdings acting chief executive, Francis Macheka said insurance against the vagaries of inclement weather gives financiers a guarantee of recouping their investment in times of calamities,

‘Empower Bank Exclusionary’: Rights Groups

By Felix Matasva LOCAL human rights groups have rapped Empower Bank for failure to serve ordinary youths it purports to serve due to its exclusionary requirements which must be met for the young to be eligible for a loan. Empower Bank, was formed two years ago, and is a registered deposit-taking micro bank under the confines

AfCFTA secretary-general Wamkele Mene

AfCFTA Boss Hails ED’s Exports Market Strategy

By Alois Vinga THE Africa Continental Free Trade Area has hailed President Emmerson Mnangagwa for introducing policy measures that boost local exports while also improving intra-trade within the continent. Speaking to NewZimbabwe.com on his recent visit to Harare, AfCFTA secretary-general Wamkele Mene commended the ongoing export initiatives spearheaded by the government. “I want to express

Energy Minister Soda Zhemu

Zim Exploring New Power Supply Deals

ESI Africa ZIMBABWE has been plagued with recent electricity troubles and in a bid to increase supply the country is in negotiations with Zambia and Mozambique. If agreed upon, the country will import an additional 280MW from its two neighbours. In power deals, the southern African country is currently importing 50MW from Mozambique and also

ZSE Suspends Cassava Smartech

By Alois Vinga THE Zimbabwe Stock Exchange (ZSE) has suspended Cassava Smartech Zimbabwe shares for failure to publish financial results within the expected timeframe. In an update Friday, ZSE chief executive Justin Bgoni said the embargo is effective from October 1, 2021. “Cassava Smartech Zimbabwe Limited failed to publish audited financial statements for the financial

Tharisa To Consider Its Zim Platinum Project Proposal By End Of Year

By Agencies THARISA said it was due to present a development proposal for a platinum group metals (PGM) mine in Zimbabwe before the year-end after resuming drilling on the project at the end of last year and completing technical studies. The company has a 26.8% stake in Karo Platinum which was in March this year awarded the

Industry Minister Sekai Nzenza

Zim Business Optimistic Ahead Of Rwanda-Zim Conference

The New Times HARARE: Business leaders from Zimbabwe are upbeat about the Rwanda Zimbabwe Trade and Investment Conference, which kicks off on Monday in Kigali. A delegation comprising business leaders and government officials will attend the inaugural trade conference which will run until Thursday 30 September 2021. The Minister of Foreign Affairs and International Trade, Fredrick

Smelly Dube, displaying the outstanding leader in the property development sector award at a Harare hotel Friday night.

Another Gong For Businesswoman, Smelly Dube

By Staff Reporter GWERU businesswoman Smelly Dube has bagged another award within one month, this time scooping the outstanding leader in the property development sector, an industry dominated by men. Dube was awarded for her outstanding work in driving River Valley Properties, a property development company based in Gweru. Two weeks ago, the River Valley

Chepkemoi Magdaline, founder and executive director of EldoHub

ECA, ICC Launch Centres of Entrepreneurship In Africa

By Staff Reporter THE Economic Commission for Africa (ECA) and the International Chamber of Commerce (ICC) have jointly launched Centres of Entrepreneurship in Africa, under the theme, ‘Creating Livelihoods for Inclusion’. With strategic locations across Africa, the ECA – ICC Centres of Entrepreneurship will work with various stakeholders, including businesses, chambers of commerce, academic institutions,

Charlene Chibonda CICM Regional Training Manager holding the 2021 National Customer Satisfaction Index copy

Chartered Institute of Customer Management Releases Fifth Customer Satisfaction Index

By Makanaka Masenyama THE Chartered Institute of Customer Management (CICM) has released the fifth edition of the Zimbabwe National Customer Satisfaction Index Report (ZimCSI). The report was released during an Executive Customer Experience Symposium Thursday under the theme “Plan, measure and successfully manage customer/citizen experience”. The ZimCSI is a national indicator of how companies are

US-Based Zim Born Travel Agent Marketing Local Tourism To World Executives

By Matabeleland North Correspondent VICTORIA FALLS: Zimbabwe-born and US-based tourism agent, Deborah Calmeyer has taken it upon herself to market the country’s tourism through an extraordinary ‘bucket list’ travel to world executives. She formed ROAR AFRICA 15 years ago and Wednesday morning brought to Zimbabwe 10 American executives that landed in Victoria Falls. The executives are on

Zim’s EU Exports Surge To US$398m

By Alois Vinga ZIMBABWE’S exports to the European Union (EU) have risen to US$398 million, local trade lobby group, Zimtrade has said. The trade promotion agency reports that following the signing of the Economic Partnership Agreement (EPA) in 2009, export volumes to the EU have been rising significantly. “Zimbabwe’s exports to the EU have been

Zim’s Energy Sector Potential, Investments To Drive Agenda at Cape Town’s African Energy Week

By Staff Reporter ZIMBABWE represents an exciting new frontier, with recent exploration activities leading to strong indications of significant oil and gas prospects. The country has no proven hydrocarbon reserves and derives its energy primarily from hydropower and coal, along with petroleum imports from neighboring countries. However, with the promise of potential prospects in the

Byo Pig Growers To Built Abattoir To Beat High Slaughter Prices

By Bulawayo Correspondent PIG producers in Bulawayo are planning on establishing their own abattoir to cushion themselves from exorbitant slaughter prices charged by private slaughterhouses. The farmers said they have engaged the Pig Industry Board (PIB) and the Zimbabwe Commercial Farmers Union (ZCFU) in setting the project. Leading igneous pig producers in the city, Happson Nkomo

Gvt Appoints New Board For Troubled AirZim

By Leopold Munhende TRANSPORT minister Felix Mhona has announced a new six-member interim board to the run affairs of the troubled national carrier, Air Zimbabwe (AirZim) following the unceremonious departure of administrator, Reggie Saruchera. Mhona announced the appointments on Twitter Thursday. The appointments followed reports published by NewZimbabwe.com over the past few days highlighting the

Strive Masiyiwa

Strive Masiyiwa’s Liquid Partners Facebook In DRC Fibre Network Expansion

By Alois Vinga UNITED KINGDOM-based Zimbabwean business magnate, Strive Masiyiwa’s firm, Liquid Intelligent Technologies has partnered with Facebook in a landmark fibre network expansion project in the Democratic Republic of Congo (DRC). The project will also connect the East and West Africa regions, and in the process improve internet access to over 30 million people

Biggest China Bank Dumps Plan To Fund Zim’s US$3b Coal Power Plant

Bloomberg CHINA’S biggest bank has dumped plans to fund a $3 billion coal-fired power plant in Zimbabwe, in a blow to a two-decade effort to develop the project, according to a coalition of 32 environmental groups. Industrial and Commercial Bank of China Ltd. told Go Clean ICBC, which includes environmental activist group 350.org, that it

Kuvimba Declares Giant US$5,2 Million Dividend

By Staff Reporter GOLD-focused miner Kuvimba Mining House Wednesday declared its first dividend, paying US$5,2 million to its to investors after it reported record production. The dividend will be paid to shareholders in the first quarter of 2022, earlier than expected. Government, the largest investor in the mining company with 21,5 % stake, will get

New Hope For Cattle Farmers As Mastercard Blockchain Is Launched

Finextra E-LIVESTOCK Global Thursday launched a first-of-its kind solution powered by Mastercard’s blockchain-based Provenance solution, empowering Zimbabwean farmers to prove the origin and health records of their cattle, while reducing risks to buyers. A first in the Middle East and Africa, the solution brings new hope to the country’s agricultural sector after an outbreak of