TRANSPORT & TOURISM

NSSA finds investor for Beitbridge hotel

THE National Social Security Authority (NSSA) is finalising an agreement with a leading hotel company that will see its closed Beitbridge hotel facility being re-opened. The proposed venture is likely...

By Staff reporter | Published: 17 September 2018

INDUSTRIALS & ENERGY

Datlabs invests $1 million

PHARMACEUTICAL and personal care products maker, Datlabs Limited, has invested $1 million in capital expenditure meant to bolster production capacity and meet market supply requirements. The Bulawayo-...

By Staff reporter | Published: 17 September 2018

INDUSTRIALS & ENERGY

Delta invests $3m into Bulawayo infrastructure projects

BEVERAGES maker, Delta Corporation, has invested close to $3 million in effluent and road upgrade projects in Bulawayo since 2016 as part of its community development initiatives. As one of the signif...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Investors want proof

There are plenty of new and dormant coal projects in Zimbabwe, which can help improve the economy, says senior coal analyst Xavier Prévost.Zimbabwe has abundant coal resources of a high quality, as s...

By Mining Weekly | Published: 09 September 2018

BUSINESS NEWS

'Zimbabwe is open to global investors,' says Chiwenga

ZIMBABWE will continue engaging the international community and open up investment opportunities, as Government forges ahead with its drive to transform the economy and improve livelihoods for its cit...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Govt to pay for land, investments on BIPPAS

Government will pay fair compensation for both land and improvements on all farms falling under the Bilateral Investment Promotion and Protection Agreements (BIPPAs) in line with obligations enshrined...

By Staff reporter | Published: 07 September 2018

FINANCIAL SERVICES

Zimbabwe banks opt for investment securities

ZIMBABWEAN banks are slowly increasing capital allocation towards investment securities after controlled lending rates put pressure on the sector's profits in the half year to June 2018, The Financial...

By Staff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Delta invests $260k in road upgrade

Delta Corporation, a key player in economic development, has invested over $260 000 towards the upgrade of a road junction that links its Fairbridge Chibuku Super plant with the Harare-Bulawayo Highwa...

By Staff reporter | Published: 06 September 2018

POLITICS

'Amendment of Indigenisation Act opens investment floodgates'

PRESIDENT Emmerson Mnangagwa has hailed his government's decision to amend the Indigenisation Act, saying the move had opened floodgates of foreign direct investments into the country.Speaking at the ...

By Staff reporter | Published: 26 July 2018

MINING & RETAIL

ZMDC shortlists SA, Canadian investors

THE Zimbabwe Mining Development Corporation (ZMDC) has shortlisted Canadian and South African investors for joint venture partnerships to resuscitate its defunct gold and graphite mines in the country...

By Staff reporter | Published: 26 July 2018

FINANCIAL SERVICES

Investors target Agribank

SEVERAL investors have been lined up to snap a significant stake in Agribank, as government moves to recapitalise the financial institution.The agro-focused bank - wholly owned by government - is stru...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Delta to invest $250m in Zimbabwe plants

Foreign direct investment (FDI) continues to firm under the new administration as Delta Corporation commits to invest a quarter of a billion in its local plants over the next five years.The beverage m...

By Staff reporter | Published: 24 July 2018

ZIMBABWE

Foreign investors chase after Old Mutual shares

FOREIGN investors were net buyers of $13 million shares on the Zimbabwe Stock Exchange (ZSE) in June, with particular interest in Old Mutual Limited.According to figures from the ZSE, foreign purchase...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

DIDG scheme targets investors abroad

THE Diaspora Infrastructure Development Group (DIDG) has appointed Imara Corporate Finance and EY South Africa as its advisors to set up the Collective Investment Scheme meant to allow other Zimbabwea...

By Staff reporter | Published: 19 July 2018

BUSINESS NEWS

Zim enters new era for investors

Zimbabwe has entered a new era in which all investment is welcome and its safety guaranteed, and where education should be used as a conduit for employment creation and revival of the economy, Preside...

By Staff reporter | Published: 19 July 2018

BUSINESS NEWS

Japanese investors for Zimbabwe

BULAWAYO businessman Mr Raj Modi has revealed that Japanese investors to partner him in setting up a cell phone and laptop assembly plant in the city are set to visit the country in August.Mr Modi, wh...

By Staff reporter | Published: 18 July 2018

ZIMBABWE

Foreign investors spend $104m on ZSE

Zimbabwe Stock Exchange hitting a new low key indicators of the worsening economic crisis.FOREIGN investors spent $104 million in the five months to May 2018 from $21 million in the same period last y...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

Ndhlukula projects rush in investments after elections

ZIMBABWEAN businesses should be self-adaptive and grab investment opportunities being ushered in by the new political dispensation.Zimbabwe National Chamber of Commerce (ZNCC) immediate past president...

By Staff reporter | Published: 12 July 2018

TELECOMS & TECHNOLOGY

Econet takes stock of investments

ECONET Wireless Zimbabwe has channeled over $3,2 billion in sourcing goods and services from local industries including small to medium enterprises over the past 20 years.Group chief executive officer...

By Staff reporter | Published: 12 July 2018

LANDS & AGRICULTURE

UK investor eyes CSC

THE Cold Storage Company (CSC) has identified a United Kingdom-based investor set to inject $100 million into Zimbabwe's largest beef processing firm.The ailing State-owned entity, which requires betw...

By Staff reporter | Published: 12 July 2018

MINING & RETAIL

Govt, Chinese investor renegotiate Kamativi deal

GOVERNMENT and Chinese investor Beijing Pinchang, who had earlier expressed interest in reviving Kamativi Tin Mine, are engaged in discussions on whether to renegotiate the deal or terminate it. In an...

By Staff reporter | Published: 03 July 2018

BUSINESS NEWS

Midlands dominates new tourism investment growth

THE Midlands province has been identified as a growing hotspot for hospitality industries, surpassing other provinces as evidenced by emerging players mainly in Gweru, Kwekwe and Zvishavane.This emerg...

By Staff reporter | Published: 02 July 2018

BUSINESS NEWS

Mnangagwa meets German investors

PRESIDENT Mnangagwa yesterday met a 14-member delegation of German businesspeople who expressed interest in investing in Zimbabwe. The team is led by Amatheon Agri Holdings chief executive officer Mr ...

By Staff reporter | Published: 28 June 2018

BUSINESS NEWS

Mnangagwa challenges Old Mutual to invest in agric

President Mnangagwa yesterday challenged Old Mutual Limited to consider investing in the country's agricultural sector and help fund commercial infrastructure in line with global trends and developmen...

By Staff reporter | Published: 27 June 2018

BUSINESS NEWS

Cops intensify investigations into car dealer's operations

Police have intensified investigations into a case in which more than 50 people in and around Harare lost thousands of dollars to a car dealer who allegedly fooled them that he could facilitate the im...

By Staff reporter | Published: 25 June 2018
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