Zim Asset to transform economy

Vice president Joice Mujuru has said the successful implementation of the new economic blueprint, Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset) will turn the country into one of the strongest and competitive economies in the region. Government recently...
Posted On 04 Nov 2013

Dawn Properties rebrands

Dawn Properties which was trading under the franchise of CB Richard Ellis has rebranded to become Dawn Property Consultancy. Dawn properties decided to trade under the name of its parent company, Zimbabwe Stock Exchange-listed Dawn Corporation limited after the expiry of their...
Posted On 04 Nov 2013

Zim-Iran tractor deal facing challenges

Plans to expand Motira tractors, a joint venture business between Iran and Zimbabwe, have stalled due to challenges being incurred in shipping the knocked down kits needed to boost production at the assembly plant. Motira Private Limited is a joint venture between the Industrial...
Posted On 01 Nov 2013

NSSA offloads FML shares

THE National Social Security Authority, the majority shareholder in Capital Bank has authorised sale of the bank’s 21 percent shareholding in First Mutual Life to partly pay off depositors as the national pension fund winds up the bank’s operations. NSSA initially...
Posted On 01 Nov 2013

Govt approves special grants

The Government has approved 33 Special Grants for the exploration of energy minerals across the country to boost the extraction of resources that improve power generation. Addressing stakeholders at a three-day Ministry of Mines and Mining Development strategic workshop review in...
Posted On 01 Nov 2013

Gvt to recapitalise IDC

Industry and Commerce permanent secretary Mrs. Abigail Shonhiwa[/caption]The Ministry of Industry and Commerce has submitted a proposal to Treasury for US$100million that will be used as seed capital to recapitalise the Industrial development Corporation (IDC) and other state...
Posted On 30 Oct 2013

Talks with potential Olivine investor collapse – IDC

Olivine tins[/caption]Talks between the Industrial Development Corporation (IDC) and a potential investor that it was courting to recapitalise its fast moving consumer goods (FMCG) manufacturing subsidiary Olivine Industries have collapsed, a senior official said Tuesday. The...
Posted On 30 Oct 2013

Govt to address RBZ debt

Government will address debts accumulated after the Reserve Bank of Zimbabwe accessed foreign currency balances in 2007 to fund national activities in the 2014 national budget presentation by Finance and Economic Development Minister Patrick Chinamasa. The minister is expected to...
Posted On 30 Oct 2013

Zim urged to engage China on US$36 bn investment fund

Zimbabwe should engage China which has about US$36 billion for investment in Special Economic Zones as a way of attracting foreign investment in order to resuscitate critical sectors of the economy such as energy and manufacturing, a senior Common Market for Eastern and Southern...
Posted On 30 Oct 2013

Iranian Govt keen on helping Zim

The Iranian Government is ready to help Zimbabwe in the mining sector, diffusion of technology and in the provision of medical equipment provided the country (Zimbabwe) has viable business strategies. Speaking after the meeting with the Industrial Development Corporation of...
Posted On 30 Oct 2013