BUSINESS NEWS

by Christopher Makaza

The Ministry of Power Development through the Rural Electrification Fund is advocating the use of biogas in rural areas and is currently implementing various biogas digester programmes across the country.

by Bruce Zvandasara

Government’s efforts to turn around the economy into a middle income economy by 2030 is starting to bear fruits as Masters Diapers Zimbabwe has set up a $2 million factory in Bulawayo which will produce 150 000 diapers per day.

by Zivanai Dhewa

Hwange Colliery Company Limited has suspended its Managing Director, Shepard Mananike and Finance Executive Tawanda Marapira, on charges of unethical business practices and financial improprieties, with effect from 4 October 2018.

Rudo Saungweme

In an effort to strengthen the Zimbabwean market into a regional hub, Barclays Bank of Zimbabwe Limited has branded to First Capital Bank Limited.

by Bernard Mutambudzi

Art Corporation’s battery manufacturing subsidiary, Chloride Zimbabwe is now operating at 80 per cent capacity following increased volumes after restrictions introduced by Government on imported batteries under Statutory Instrument 20 of 2016 two years back.

Beneficiaries of Zimbabwe’s land reform programme will have to pay compensation to the displaced white farmers, a senior government official told parliament on Wednesday.

by Rudo Saungweme

A Gweru-based ferrochrome producer Zimbabwe Alloys Limited (ZimAlloys), is engaging Zimbabwe Asset Management Company (ZAMCO) to take over its sixty million United States Dollar debt following the failure by an Indian investor, Balasore Alloys Group to fulfil its investment proposal of injecting capital to ZimAlloys.

by Christopher Makaza.

The country`s biggest shoe maker, Bata yesterday opened a new branch in Banket,  Mashonaland West Province as part of its target to open new markets in  growth points and small towns across the country.

Premier African Minerals Limited told investors on Friday it remains confident on the prospects in Zimbabwe projects after raising funds to support its operations.

by Rudo Saungweme

Community Share Ownership Trusts (CSOTs) from across the country are advocating for the merging of all CSOT to form one trust to be called Association of Community Share Ownership Trusts of Zimbabwe (ACSOTZ) which will see some communities without platinum or diamond also benefitting from minerals extracted from other areas.

by Ashely Kondo

The Minister of Finance and Economic Development, Professor Mthuli Ncube, has said that Zimbabwe and the rest of the African continent should not worry about the slow-down in the Chinese economy.

By Derick Tsimba

Zimbabwe tobacco industry is worth more than US$10 billion, a reliable source has confirmed.