BUSINESS NEWS

by Nobleman Runyanga

Following years of stagnation occasioned by a combination of years of economic challenges, lack of capital and the effect of the United States sanctions on the company, Chemplex Corporation Limited is set to recapitalise.

Communal farmers under the Shashe Irrigation Scheme in Beitbridge District expect to realise more than $100 000 from the sale of their citrus and horticulture products this year.

Tharisa plc said it is continuing talks to work out the details of its deal to buy a 90% stake in Salene Chrome Zimbabwe (Pvt) Limited from Leto Settlement.

by Elijah Chihota

Despite the ongoing economic challenges, increased supply of raw milk saw the country’s largest milk processor, Dairibord Holdings Limited’s profitability increasing.

President Emmerson Mnangagwa criticized the renewed U.S. sanctions against Zimbabwe, which he described as illegal, and asked that country's ambassador to Harare to convey Washington a correct assessment of the situation in this African nation.

Zimbabwe’s tourism sector is starting to re-engage its international markets, targeting tour operators who had ceased to package the country in recent years.

Located about 70km from Kwekwe and 50km from Mvuma is the 120-hectare Mahamara Farm.

Numerous foreign direct investment (FDI) commitments made, coupled with a conducive business environment obtaining in the country, will act as catalysts for job creation, a brokerage firm IH Securities has revealed.

Marjorie Ngwenya became the first non-British-based person to be appointed president-elect of the UK’s Institute and Faculty of Actuaries.

CBZ Holdings Limited says it will commit $120 000 into the Youth Entrepreneurs Programme (YEP) in line with the Reserve Bank of Zimbabwe’s 2016-2020 National Financial Inclusion Strategy.

BUSINESS leaders have expressed optimism that the incoming Government to be formed by President Mnangagwa, would expedite implementation of policies that promote economic growth and raise the living standards of the citizens.

by Bevan Musoko

The National Social Security Authority (NSSA) subsidiary, National Building Society has come up with a strategy to ease the plight of pensioners who are usually faced with challenges of accessing cash when their pensions become due.