Delta snaps up 50,1% stake in Afdis

LEADING beverages maker, Delta Corporation, has consolidated its stake in African Distillers Limited (Afdis) after acquiring 50,1 percent share ownership, management has said. Delta Southern Region ge...

By Staff reporter | Published: 30 April 2019


Robert Mugabe 'hindered FDI inflows'

FORMER president Robert Mugabe was a hindrance to foreign direct investment (FDI) inflows due to his bad policies and mismanagement of the economy, a senior government official has said.Monica Mutsvan...

By Staff reporter | Published: 26 July 2018


UK stockbroker to woo FDI to Zimbabwe

The Securities and Exchanges Commission of Zimbabwe (SECZ) has licensed a new strockbrocking firm, Morgan & Co, owned by British investors and two indigenous partners, which has pledged to influen...

By Staff reporter | Published: 16 July 2018


Govt urged to be transparent to attract FDI

Zimbabwe is part of the countries which are lowly ranked in terms of budget transparency, accountability and citizen participation, an expert has said.Speaking on the sidelines of a transparency works...

By Staff reporter | Published: 22 June 2018


Incentives remain an important FDI magnet

ONE of the key drawcards of President Emmerson Mnangagwa's administration is the desire to transform Zimbabwe into a middle-class economy by 2030. Since taking over last November, the President has su...

By Staff reporter | Published: 19 June 2018


'Zim needs rebranding to attract FDI'

ZIMBABWE needs to brand itself in order to attract foreign direct investment (FDI) as it faces stiff competition from other regional countries, an official from the Office of the President and Cabinet...

By Staff reporter | Published: 11 June 2018


Zimbabwe needs the right FDI

Understanding the kind of Foreign Direct Investment (FDI) that comes into the country is very critical as some of it might be negative and end up destroying local investors, renowned investment banker...

By Staff rpeorter | Published: 08 June 2018


Mnangagwa trips self on FDI

President Emmerson Mnangagwa and the ruling Zanu-PF have contradicted each other on the country's investment figures, with the former saying Zimbabwe has attracted a hefty $16 billion mentioned in the...

By Staff reporter | Published: 07 June 2018


Zimbabwe takes FDI drive to Canada

A Zimbabwe delegation comprising government and private sector officials descends on Canada next week to lure Foreign Direct Investment into its lucrative mining sector from one of the world's most at...

By Staff reporter | Published: 01 June 2018


Mnangagwa chalks up $11bn FDI in five months

President Mnangagwa has assured the nation that Zimbabwe is in good hands under his administration, saying the new administration has attracted $11 billion Foreign Direct Investment (FDI) commitment i...

By Staff reporter | Published: 04 May 2018


'Mnangagwa must respect rule of law to win FDI'

FORMER Bulawayo South legislator David Coltart (MDC) has urged President Emmerson Mnangagwa's government to uphold and respect the rule of law as part of quick-win measures to attract foreign direct i...

By Staff reporter | Published: 26 April 2018


FDI expert to address Cabinet

Visiting Rwandan investment expert Ms Clare Akamanzi has said political will to make bold decisions and listening to concerns of the private sector were some of the cardinal principles Zimbabwe could ...

By Staff reporter | Published: 12 April 2018


FDI guru comes to Zimbabwe

Government is keen to learn from Rwanda's development model and yesterday the chief executive of the Rwanda Development Board, Ms Clare Akamanzi, arrived in Harare to share her country's experience at...

By Staff reporter | Published: 11 April 2018


FDI into Zimbabwe set for a major rebound

Foreign direct investment (FDI) into Zimbabwe is set for exponential growth spurred by bulging confidence in the new dispensation, and investor comfort after the Reserve Bank of Zimbabwe put in place ...

By Staff reporter | Published: 26 March 2018


Mnangagwa's $3bn FDI yet to be earned

President Emmerson Emmerson Mnangagwa's claims that Zimbabwe has earned foreign direct investment (FDI) commitments totalling $3 billion over the past 100 days, must be properly put into perspective, ...

By Staff reporter | Published: 07 March 2018


Afdis records 56% earnings growth

Spirits and wines maker, African Distillers Limited's (Afdis) says demand for its products remained buoyant but could not be fully satisfied due to the inconsistent supply of finished products owing t...

By Staff reporter | Published: 16 February 2018


Zim fails to capture $3bn energy FDI

Zimbabwe failed to attract foreign direct investment into its energy sector between 2016 and 2017, despite its regional peers attracting US$3 billion during the same period, the Zimbabwe Energy Counci...

By Staff reporter | Published: 08 February 2018


ZIA targets $2,5bn FDI

The Zimbabwe Investment Authority (ZIA) says it expects to approve projects valued at $2,5 billion this year on the back of broad economic reforms being adopted by President Emmerson Mnangagwa's admin...

By Staff reporter | Published: 06 February 2018


Mnangagwa happy with FDI surge

President Emmerson Mnangagwa says foreign direct investment (FDI) amounting to US$2,4 billion that has been injected into the country in the past two months already surpasses yearly capital that used ...

By Staff reporter | Published: 29 January 2018


'SEZs to drive increased FDI, exports'

THE implementation of the Special Economic Zones (SEZ) policy is expected to attract increased foreign direct investment in different sectors and create export-led economic growth.Macro-Economic and I...

By Staff reporter | Published: 19 October 2017


Afdis seeks share option scheme approval

AFRICAN Distillers Limited (Afdis) is seeking shareholder approval for an employee share option scheme of four million shares meant to incentivise and retain employees.In a notice of the annual genera...

By Staff reporter | Published: 16 October 2017


Afdis seeks regional markets

AFRICAN Distillers (Afdis) Limited has revived its bid to seek export markets for its beverages as it moves to grow its business.Afdis manag­ing di­rec­tor, Mr Ce­cil Gombera, said his company was...

By Staff reporter | Published: 02 October 2017


Afdis in $700,000 dividend

Spirits and winemaker African Distillers Limited (Afdis) has declared a $750 807 dividend for the year ended June 2017 buoyed by increased volumes and production.Afdis chairperson, Pearson Gowero, sai...

By Staff reporter | Published: 29 August 2017


FDI into Zimbabwe doubles in 2017

Foreign direct investment to Zimbabwe doubled in the first half of 2017 compared to the same period last year following President Mugabe's clarification of the National Indigenisation and Economic Em...

By Staff reporter | Published: 28 August 2017


AFDIS doubles profits in H1

Listed wines and spirits maker African Distillers Ltd (AFDIS) doubled its after-tax-profit to $2, 7 million in the six months to June 30, 2017 from $1, 1 million recorded in the same period last year....

By Staff reporter | Published: 24 August 2017

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