Business Reporter UK-headquartered resource group, Galileo Resources says it has completed phase one of its lithium exploration drilling programme at its Kamativi project in Matabeleland North Province. This comes as preliminary evaluation from earlier drilling indicated encouraging potential for […]
Tag - Business
Entrepreneurs to sharpen skills on opportunities
Mentor and motivational speaker, Venon Chamba will on October 28, 2023, host a business seminar aimed at enlightening budding entrepreneurs about existent opportunities in Zimbabwe.Original post on HeraldOriginal post on Digital Vocano […]
38 EPOs issued as mining sector booms
THE future of Zimbabwe’s mining industry looks bright while the sector remains well positioned to continue driving strong economic growth following revelations the Government has issued a total of 38 active Exclusive Prospecting Orders (EPOs).Original post on HeraldOriginal post on Digital Vocano […]
‘Some white farmers accept TBs for land compensation’
Finance, Economic Development, and Investment Promotion Minister Professor Mthuli Ncube has said some white former commercial farmers whose land was acquired by the Government under the fast-track land reform programme have individually agreed to be compensated with Treasury Bills (TBs).Original […]
First Capital HQ construction to be completed in a year
FIRST Capital Bank, a Victoria Falls Stock Exchange (VFEX)-listed company, says it will use internal funds to fund the development of its... To access this post, you must purchase a subscription. Please click the button below to visit our subscriptions page to select a package. Subscriptions […]
President reiterates call for mono-currency
Nqobile Bhebhe in Victoria Falls PRESIDENT Mnangagwa has said the country will revert to the exclusive use of the local currency as the sole legal tender and ditch the multi-currency regime as no country can develop without its own currency. During his swearing-in ceremony for the second term, […]
Insurers, pension funds to start paying for lost value
Insurance policyholders and pension fund members who lost value due to inflation are expected to start receiving compensation starting from March 2024 following the gazetting of the compensation framework.Original post on HeraldOriginal post on Digital Vocano […]
Economy registers 1,5pc growth in 2023 Q2
Zimbabwe’s economy grew by 1,5 percent in the second quarter of this year, following an 11,1 percent decline in the first quarter, mainly driven by accommodation, food services, and increased electricity output.Original post on HeraldOriginal post on Digital Vocano […]
Nedbank reaffirms positive outlook on Zim
South Africa’s Nedbank Group says Zimbabwe remains one of its key markets, as the Southern African country’s economy continues to show signs of strong growth, primarily driven by mining, agriculture, and agri-food value chains.Original post on HeraldOriginal post on Digital Vocano […]
Cigarette company’s empire up in smoke
PACIFIC Cigarette Company (PCC) has been granted its request to be placed under voluntary business rescue after an assessment by revenue authorities alleged tax violations and outstanding obligations that left the company facing liability amounting to US$19,3 million and $79,8 billion.Original post […]
Five firms make progress on methane gas exploration
Business Reporter THE Government is happy with the progress made by the five investors awarded licenses to explore coal-bed methane gas in Matabeleland North Province with one of the firms at advanced stage development, a Government official has said. In 2020, the Government issued special grants […]
Ethiopia continues gradual lifting of fuel subsidies
The Ethiopian government has announced a new fuel retail price adjustment as the gradual lifting of fuel subsidies compounded the soaring cost of living in the country. The Ethiopia Ministry of Trade and Regional Integration (MoTRI) said Friday that the latest price hike would see gasoline prices […]
No insurance premium, no cover
Godknows Hofisi Last week I wrote an article titled “Insurance Policy on Credit”. In that article I looked at Statutory Instrument 81 of 2023 known as Insurance (Amendment) Regulations, 2023 (No.26), which was gazetted in May 2023. This Statutory Instrument (SI) was gazetted in May 2023 in terms […]
Zim’s air traffic passenger volume sees 13,4pc uptick
Oliver Kazunga Senior Business Reporter THE volume of Zimbabwe’s air transport passengers rose by 13,4 percent to 436 022 in the second quarter of this year buoyed by various initiatives instituted by the Zimbabwe Tourism Authority (ZTA) to attract foreign airlines into the country. This followed […]
President lauds value for money gains
Bulawayo Bureau PRESIDENT Mnangagwa has expressed satisfaction with the milestones achieved under the “Value for Money” policy, which has enabled the Government to make 30 percent expenditure savings and promotes prudent use of national resources. In an endeavour to restore market discipline and […]
Govt clarifies new public procurement provisions
Government has clarified incorrect assertions that State-owned enterprises (SOES) whose shares are vested in the renamed Mutapa Investment Fund are now exempt from the provisions of the Public Procurement and Disposal of Public Assets Act.Original post on HeraldOriginal post on Digital Vocano […]
‘Zim ready for digital currency’
Zimbabwe is ready to adopt a digital currency, provided the necessary framework and safeguards are put in place to instil confidence among the public to achieve widespread acceptance and use of this form of medium of exchangeOriginal post on HeraldOriginal post on Digital Vocano […]
ZimTrade gears for exporters conference
National trade development and promotion body, ZimTrade, will hold this year’s edition of its annual exporters conference on October 19 at Meikles Hotel in Harare.Original post on HeraldOriginal post on Digital Vocano […]
Innscor sinks US$125m into expansion over 2 years
Nelson Gahadza Zimbabwe’s largest diversified group, Innscor Africa, says it has invested nearly US$125 million over the past two years towards the expansion of capital projects across its various business units. Group chairman Mr Addington Chinake, commenting on the group’s financials for the year […]
Tongaat shareholders set to receive nothing
Investors in Tongaat Hulett appear virtually certain to receive nothing for their shares in the severely financially distressed JSE-listed sugar producer and property company. Peter van den Steen, one of the joint business rescue practitioners (BRPs), said last week it was already envisaged in the […]