June 21, 2018
‘Totem will not carry you into global markets’
[caption id="attachment_86975" align="alignnone" width="300"] President Emmerson Mnangagwa[/caption] A ZIMBABWEAN academic chose to swim against the tide last week, telling the country’s industrialists that their businesses faced collapse because they were perennial cry babies who depended on government’s…
LESS than $400 million of at least $2 billion generated by major miners is being channelled into procurement of domestic products, a Buy Zimbabwe executive said last week.…
Investors scale up Zim deals
[caption id="attachment_155455" align="alignnone" width="300"] President Emmerson Mnangagwa[/caption] A $12 million snack making plant went live a fortnight ago, unlocking 400 job opportunities in Zimbabwe, where unemployment is over 90 percent and growth prospects had until now been scuttled by firm…
LOW cost airline fastjet.com will increase its frequencies between Harare and the resort town of Victoria Falls to two a day from next month as it consolidates in operations in Zimbabwe. Fastjet currently operates a single daily flight on the route for six days.…
MPs shoot down plan to revive Empress refinery
PARLIAMENT has recommended that it would be cheaper to build a new lithium processing plant in Zimbabwe than refurbishing an existing refinery in Kadoma. (more…)
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Deal to revamp irrigation sealed
[caption id="attachment_155429" align="alignnone" width="300"] Lands, Agriculture and Rural Resettlement Minister Perrance Shiri[/caption] GOVERNMENT has struck a deal with the International Fund for Agricultural Development (IFAD) to revive small-scale irrigation schemes in four districts of Zimbabwe as the country moves to…
New board to chew more tax
[caption id="attachment_162307" align="alignnone" width="300"] Finance Minister, Patrick Chinamasa[/caption] ZIMBABWE is to establish a new board to facilitate economic discussions between business, labour and government. (more…)
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Turnall on recovery path
[caption id="attachment_51428" align="alignnone" width="300"] Turnall had gone through a difficult patch in the past few years.[/caption] SALES volumes at the Zimbabwe Stock Exchange-listed plumbing materials producer Turnall Holdings Limited surged 70 percent during the first months to May, as product availability…
More locomotives for NRZ
[caption id="attachment_117651" align="alignnone" width="300"] NRZ board chairman Larry Mavima[/caption] THE National Railways of Zimbabwe (NRZ) has received additional locomotives and wagons under the equipment deal with Transnet of South Africa. (more…)
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Zimbabwe sets sights on China for 2030 agenda
[caption id="attachment_161424" align="alignnone" width="300"] President Emmerson Mnangagwa[/caption] PRESIDENT Emmerson Mnangagwa is looking up to China to upscale investments into Zimbabwe and help him achieve his ambition of transforming Harare into a middle income economy in 12 years.…