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
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
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
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
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,
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
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
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
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
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
VOA ZIMBABWE recently scrapped rules requiring sole state ownership form cannabis farming to encourage investment in the plant for industrial and medicinal uses. Zimbabwe is Africa’s largest tobacco producer, but authorities expect hemp export earnings to start replacing tobacco as farmers seek higher earnings from the crop. Farmer Jesper Kirk has been growing mainly tobacco
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
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
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
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
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
By Anna Chibamu ZIMBABWE’S pharmaceutical industry continues importing critical medicines such as anti-retroviral drugs (ARVs) as the sector faces low levels of production due to a vast number of challenges including foreign currency shortages. Giving oral evidence to the Thematic Portfolio Committee on HIV/Aids Monday, Industry Ministry secretary Mavis Sibanda revealed local manufacturers’ production of
By Alois Vinga A NEW partnership between the International Finance Corporation (IFC) and the government will see flights between Harare and Victoria Falls registering a 5% increase. The increase in passengers will be on pre-Covid19 seat capacity at the end of the project. In emailed responses to NewZimbabwe.com Business, the IFC communications department said the project is
By Staff Reporter GOVERNMENT is planning a crackdown on retailers found selling cheaper mealie meal brands threatening to choke the local milling industry and jobs within the troubled sector. Zimbabwe is sitting on a giant stock of maize grain and mealie meal which came about as a result of good rains experienced in the 2020-21
By Bulawayo Correspondent ZIMBABWEAN millers have raised concern over the proliferation of cheaper brands of smuggled mealie-meal which they say continued to threaten the local milling industry. Mealie-meal brands mostly from neighbouring Botswana and South Africa has flooded the local market, a development that has seen local millers scale down operations, and in some instances,
