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INDUSTRIALS & ENERGY

NOIC targets October for $6m ethanol depot

THE National Oil and Infrastructure Company (NOIC) is targeting to complete its 3 million litre ethanol storage facility in Harare next month as it readies for higher petrol blending ratios meant to r...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

Geiger to decide on 40% share for Zimbabwe firms

GEIGER International, the Austrian firm contracted to dualise the Harare-Beitbridge Highway will make a formal invitation for bids from local companies, detailing the scope and specifications of works...

By Staff reporter | Published: 05 September 2017

AFRICA BUSINESS

Free Trade negotiations to be concluded by October

NEGOTIATIONS for the Tripartite Free Trade Area (TFTA) will be concluded by the end of next month to provide a single trade regime covering three regional blocs to accelerate trade.Speaking at the fou...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

Value of Zimbabwe bond notes tumbles

Introduced in November last year as part of measures meant to address the liquidity crisis, bond notes have fallen sharply in their value, stirring a wave of massive price increases, especially of bas...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

National Trade Policy review still in progress

INDUSTRY and Commerce Minister Dr Mike Bimha says the review of the National Trade Policy is still in progress and finalisation of the process is likely to be before the end of the year.The Government...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

Chamber of Industries seek moratorium on debts

THE Matabeleland Chamber of Industries (MCI) has proposed a 12-month moratorium on statutory debts by existing companies to provide a good starting point for industrial growth under the Special Econom...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

Beitbridge-Harare dualisation equipment stuck in Zambia

Some of the equipment to be used in the dualisation of the Beitbridge-Harare Highway is stuck in Zambia as the contractor is waiting for Government to gazette a Statutory Instrument that will enable i...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

Women dominate leadership excellence awards

WOMEN dominated the Zimbabwe Institute of   Management 2017 Leadership Excellence awards that were presented in Harare on Friday.The awards are given out annually as a way of recognising, de...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

Govt urges land commission to be transparent

The Government has called on the Zimbabwe Land Commission (ZLC) to be honest and transparent in discharging its duties especially in land dispute resolution.The ZLC was created to ensure accountabilit...

By Staff reporter | Published: 05 September 2017

LANDS & AGRICULTURE

Irrigated tobacco preps underway

PREPARATIONS for the 2017 irrigated tobacco growing season are underway with the farmers expected to transplant the seedlings at the end of the month.The golden leaf, which is one of Zimbabwe's major ...

By Staff reporter | Published: 05 September 2017

MINING & RETAIL

ZCDC waiting on EMA for Gache-Gache

THE Zimbabwe Consolidated Diamond Mining Company (ZCDC) is doing exploratory work and evaluation at Gache-Gache in Kariba ahead of commencement of alluvial gold mining in the area.Government directed ...

By Staff reporter | Published: 05 September 2017

MINING & RETAIL

African chrome fields to commission $15m plant

AFRICAN Chrome Fields (ACF) is set to commission a $15 million state-of-the-art aluminothermic plant to process chrome fines into ferrochrome by February next year, a company official said yesterday.T...

By Staff reporter | Published: 05 September 2017

LANDS & AGRICULTURE

Cottco closes selling points

Cotton Company of Zimbabwe has closed most of its depots in Masvingo to mark the end of the selling season, amid projections that the province was poised for a bumper harvest after favourable rains in...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

Mutare gets $70m industrial plants

Investor confidence is now returning to Mutare where two plants worth $70 million have been set up in the Nyamakate Industrial Area in recent months.Giant Mutare-based wholesale firm, Mega Market, is ...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

TM Group diversifies investment portfolio

GWERU headquartered TM Group has diversified with its investment portfolio targeting low and medium-income earners in and outside the country.The group, which has a $50 million land bank locally and a...

By Staff reporter | Published: 05 September 2017

POLITICS

Biti outlines MDC Alliance's economic agenda

The MDC Alliance will present to the people a detailed economic blue print in the near future, PDP leader Tendai Biti has said.Speaking at the Bulawayo Launch of a Pre-Election pact involving seven po...

By Staff reporter | Published: 04 September 2017

BUSINESS NEWS

Industry speaks on capacity utilisation

The government and industry have been called upon to increase their synergies on value addition as a strategy to enhance capacity utilisation which currently stands at 47 percent.The Confederation of ...

By Staff reporter | Published: 04 September 2017

LANDS & AGRICULTURE

Zim adopts harmonised Comesa seed regulations

ZIMBABWE today launched harmonized Common Markets for Eastern and Southern Africa Seed Regulations, which it has domesticated as part of regional efforts to enable free trade of seed varieties across ...

By Staff reporter | Published: 04 September 2017

BUSINESS NEWS

NSSA submits informal sector pension scheme

THE National Social Security Authority says it has tabled the proposed social security scheme for the informal sector with an inter-ministerial task-force.In an interview with The Herald Business on p...

By Staff reporter | Published: 04 September 2017

MINING & RETAIL

Hwange pushes for more coal uptake

Hwange Colliery Company is pushing for more uptake of coal in the tobacco curing process in order to reduce deforestation. Farmers particularly in small scale production are still heavily reliant on f...

By Staff reporter | Published: 04 September 2017

FINANCIAL SERVICES

FML shareholders okay NicozDiamond takeover

FIRST Mutual shareholders have approved directors' proposals to the entire issued share capital of Zimbabwe's biggest short term insurer, NicozDiamond.FML will now acquire from its anchor Shareholder,...

By Staff reporter | Published: 04 September 2017

ZSE TODAY

Market Commentary 4 September 2017

INDUSTRIALSThe Industrial Index went up by 5.72 points (2.40%) to settle at 243.72 points as heavyweight counters gained ground. HIPPO (HIPO.zw) led the movers with a hefty $0.1900 to end at $1.1500,&...

By zse | Published: 04 September 2017

BUSINESS NEWS

ZNCC to partner Indian economic hub

The Zimbabwe National Chamber of Commerce (ZNCC) will by end of this month partner an Indian economic hub on joint venture deals expected to create investment opportunities.The city of Gujarati in Ind...

By Staff reporter | Published: 04 September 2017

INDUSTRIALS & ENERGY

Govt focuses on engineering sector revival

Government is focusing on the revival of the engineering sector in Bulawayo so that it can service other economic clusters that need machinery such as mining.The need to revive the engineering sector ...

By Staff reporter | Published: 04 September 2017

BUSINESS NEWS

ADB commits to African development

The African Development Bank (ADB) is committed to ensuring that the continent attains economic development.The bank's Senior Director in charge of special projects, Dr Sipho Moyo made the remarks dur...

By Staff reporter | Published: 04 September 2017

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