BUSINESS NEWS

Political reporter

Holes have been punched into the opposition political party’s scheme of tarnishing Chinese investments in Zimbabwe, with the latest being on hyped claims of displacement of families in Binga, ostensibly to pave way for coal mining.

Staff Reporter

The easing of COVID-19 restrictions has witnessed an improvement in the diamond market.  This was revealed by a contact within the Minerals Marketing Corporation of Zimbabwe (MMCZ), following the Corporation’s invitation of diamond buyers and its efforts to enlist on the international markets.

Staff Reporter

The exploration of oil and gas at Cabora Bassa basin in Muzarabani by the Australian oil and gas firm, Invictus Energy (IE), is expected to commence in May 2022, a contact within the company has said.

Staff Reporter

Cabinet yesterday approved that Kuvimba Mining House be engaged as the investment partner for the resuscitation of ZISCO Steel.

Staff Reporter

Zimbabwe will assume the chairmanship of the Kimberly Processing Certification Scheme (KPCS) in 2023, the Harare Post can report.

Agriculture Reporter

Ministry of Lands, Agriculture, Fisheries, Water and Rural Resettlement Permanent Secretary, Dr John Bhasera has urged farmers to adopt new technologies in their operations as a way of increasing production and improving quality of yield.

Staff Reporter

The Agriculture Technical and Extension (AGRITEX) is exploring the feasibility of using satellite imagery and drone surveillance during the 2021/22 crop assessment under Command Agriculture/National Enhanced Agriculture Productivity Scheme (NEAPS) in determining the national crop output.

Business Reporter

….as Treasury releases ZWL $500 million for outstanding payments

Cotton farmers have expressed joy following the release of ZWL$500 million for payments to farmers for last season`s deliveries.

Staff Reporter

…as Gvt boosts smelting capacity

Government through the Ministry of Mines and Mining Development (MMMD) is set to boost Ferrochrome production by increasing the country’s smelting capacity as the mining sector seeks to attain the US$12 billion industry target by 2023.

Staff Reporter

Government’s withdrawal of the US$50 facility that had been afforded to members of the general public to access foreign currency at the official exchange rate has been hailed, as it had become prone to abuse. The facility will now only be limited to pensioners, senior citizens, people living with disability and for medical purposes.

Staff Reporter

…As New Dispensations takes steps to revive it

Government efforts to revive the country’s industrial hub in Bulawayo is bearing fruit as most industries in Bulawayo continue to record progress.  This has been due to the New Dispensation`s drive for Vision 2030 which calls for the development of industrial hubs.

Staff Reporter

…As it surpasses revenue collection target

Zimbabwe Revenue Authority (ZIMRA) managed to surpass its revenue collection target despite the Covid19 pandemic and a host other challenges that confronted both the nation and the Authority.