BUSINESS NEWS

By Shongedzai Mugwagwa

Following intermittent supplies of fuel in the country which has seen the recurrence of winding long queues in search of the precious liquid, Minister of Energy and Power Development, Dr Joram Gumbo has jetted to Abu Dhabi, United Arab Emirates (UAE) for negotiations over the supply of the scarce commodity.

Industry and Commerce Minister Nqobizitha Ndlovu says the manufacturing sector is poised for positive growth this year, riding on expanded capacity and new investments made in 2018.

Government has warned it will take action against local manufacturers increasing prices of commodities on the back of premiums being charged on foreign currency on the unofficial market.

By Bruce Zvandasara

The Minister of ICT and Courier Services, Kazembe Kazembe has announced the newly appointed Netone board amid efforts by Government to ensure accountability, fairness, efficiency and stamp out corruption.

By Patience Rashai

President Emmerson Mnangagwa has commissioned a new processing plant at the Chiadzwa diamond fields, in Marange - Manicaland, a move meant to boost the country’s foreign currency earnings through exportation of more diamonds.

By Rungano Dzikira

The exports trade body, Zimtrade has challenged captains of industry to tap into the African market in-line with Government’s re-engagement policy, following the just ended Intra-African Trade Fair (IAFT) held in Cairo, where Egypt, among other African countries expressed interest to invest and trade with Zimbabwe.

By Patience Rashai

United Nations agency, International Fund for Agriculture Development (IFAD) is set to inject $41 million in Zimbabwe in the next three years, a move meant to revive the country’s rural agriculture sector.

By Ashley Kondo

The Infrastructure Development Bank of Zimbabwe (IDBZ) is partnering with various key institutions and entities from across the country in spearheading infrastructure development projects as Government walks the talk on creating an enabling environment for economic growth and prosperity under the Transitional Stabilisation Programme (TSP).

By Rudo Saungweme

Zimbabwe`s engagement and re-engagement efforts  continue to bear fruits as Fin Expo Belgium has expressed its commitment to strengthening its bilateral relations with Zimbabwe through engaging in reciprocal constructive programmes.

by Rungano Dzikira

Zimbabwe Dairy Industry Trust (ZDIT) is set to import sexed semen which guarantee female calves at birth in an effort to boost the national head as well as milk production in the shortest possible time.

Chinese businesses are preparing to open shop in Zimbabwe which could boost the country’s desperate need for foreign investment.

by Rudo Saungweme

President Emmerson Mnangagwa will officially commission a US$ 63 million Platinum Smelter and Crush Plant at Unki mine in Shurugwi on 12 December, 2018 this week. The development comes at a time Government is making strides towards domestic platinum value addition so as to ensure increased economic earnings from the country`s vast mineral resources.