BUSINESS NEWS

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.

by Patience Rashai

The 2018 Mining, Engineering and Transport (Mine-Entra) has increased space, opening a supplementary exhibition hall due to overwhelming demand from prospective participants eager to showcase and do business in the sector.

by Ashley Kondo

Zimbabwe’s agriculture sector is set to experience a major boost as Government moves to implement a raft of economic reforms aimed at resuscitating the country’s economy.

by Staff Writer

President Emmerson Mnangagwa, while attending the 73^rd Session United Nations General Assembly (UNGA), took the opportunity to reach out to international investors, for Foreign Direct Investment (FDI) that would help Zimbabwe become a middle income economy by 2030.

by Christopher Makaza

Cotton growers across the country have expressed relief following the early distribution of cotton inputs under the Presidential Input Support Scheme.