TIMB to start disbursing inputs

The Tobacco Industry and Marketing Board is set to start disbursing inputs to small scale farmers after the Reserve Bank of Zimbabwe funded the nostros of input suppliers.
Posted On 31 Oct 2017

Steward Bank revenue jumps 93%

Enacy Mapakame ECONET’S banking unit- Steward Bank’s revenue for the six months to August 31, 2017 jumped 93 percent to $29 million from $15 million achieved during the same period last year on strong transactional growth. The bank registered a tenfold growth in total number of...
Posted On 31 Oct 2017

Zim exceeds Zimasset road network targets

Livingstone Marufu Government has rehabilitated more than 22 000 km of road network across the country in 2017, thereby surpassing targets set in the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset) economic blueprint. This is against a target of 4 000 km...
Posted On 31 Oct 2017

Colcom shareholders approve scheme of arrangement

Mapakame HARARE – Shareholders of meat processor, Colcom Holdings have approved a scheme of arrangement through which parent company Innscor intends to buy out minority shareholders. This follows a meeting of minority shareholders ,which was held this week to vote on the...
Posted On 27 Oct 2017

RBZ injects $3, 3m into CAPS Holdings

Makichi HARARE – The Reserve Bank of Zimbabwe (RBZ) has provided $3, 3 million towards re-capitalisation of the country’s largest, but mothballed pharmaceuticals manufacturer CAPS Holdings. The funding will enable the pharmaceutical company to resume operations before...
Posted On 27 Oct 2017

Over 100 million kg Zim tobacco exported

HARARE – The volume of Zimbabwean tobacco  which has been exported now stands at 113.3 million kg, up from 89.3  million kg exported in the corresponding period last year, recent  statistics that the industry regulator released show.
Posted On 27 Oct 2017

Stanbic Bank donates goods to ALCOZ

HARARE - Stanbic Bank on Wednesday handed over  an assortment of goods to the Albino Charity Organisation of Zimbabwe to  alleviate the plight of people living with the condition in the country. Speaking at the handover ceremony, Stanbic Bank chief financial officer  Solomon...
Posted On 26 Oct 2017

39pc of Zim firms using antiquated machinery: CZI

Mapakame HARARE - An estimated 39 percent of local industry is using machinery over 20 years old as funding for retooling remains scarce, resulting in low capacity utilization and productivity, statistics from the Confederation of Zimbabwe Industries (CZI) 2017 manufacturing...
Posted On 26 Oct 2017

Zim gets $200m insurance support from ATI

HARARE – Zimbabwe has so far received around $200 million in insurance support of the African Trade Insurance Agency (ATI), Finance and Economic Development Minister Ignatius Chombo has said.
Posted On 26 Oct 2017

Manufacturing sector capacity utilisation declines to 45, 1pc

HARARE – Zimbabwe’s manufacturing sector’s level of capacity utilisation has declined from 47, 4 percent last year to 45, 1 percent this year, according to the latest Confederation of Zimbabwe Industries (CZI) State of the Manufacturing Sector Survey.
Posted On 25 Oct 2017