BUSINESS NEWS

Staff Reporter

The Zimbabwe Alloys Metals (Private Limited) ZimAlloys, has approached the Ministry of Mines and Mining Development (MMMD) seeking a waiver to export chrome lumps in order to raise funds to complete refurbishment of its smelting furnace in Gweru, a contact within the company has said.

Staff Reporter

Netone, the country’s second largest network provider, has approached the Ministry of Information, Communication Technology Postal and Courier Services (ICTPCS) requesting for a Procurement Regulatory Authority of Zimbabwe (PRAZ) waiver on procurement of innovation products in order to compete with other network providers in the industry.

Staff Reporter

Government has revealed that agricultural inputs under the CBZ-Yield/Command Agriculture are adequately available and ready for collection at SeedCo and K2 seed companies.

Staff Reporter

Lafarge Cement has temporarily stopped the production of cement due to the collapse of the roof of its mill section on 11 October, 2021 a development that explains the shortage of cement on the market.

Business Reporter

President Mnangagwa has today toured and commissioned the Marula/Mapfura Processing and Value Addition Plant at Rutenga Growth point in Mwenezi saying that the occasion was a momentous one for Masvingo Province and the country as a whole.

Staff Reporter

In a bid to ensure economic stability prevails in the country, the Reserve Bank of Zimbabwe (RBZ) working in conjunction with the Financial Intelligence Unit (FIU) have identified airtime dealers who are abusing their facility to perpetuate illegal foreign currency dealings and measures have been put in place to curb the abuse.

Staff Reporter

Parliament is scheduled to hold a pre-budget seminar in Victoria Falls, from 22 to 26 October 2021, where Members of Parliament (MPs) will get an opportunity to meet with the Executive.

Business Reporter

President Mnangagwa has today commissioned a gold processing plant at Eureka Gold Mine in Guruve, Mashonaland Central saying that the event was a reflection of the many successes of the Second Republic with regards to reforming and opening up of the economy.

Staff Reporter

Players in the transport industry have urged Government to review downwards the recently hiked access fees at the Beitbridge Border Post and match those being charged at Kazungula Bridge Border Post, with a view to avoid transporters shunning the border post.

Staff Reporter

In continued efforts to address environmental degradation and negative downstream effects on communities, occasioned by alluvial or riverbed mining, Government has plans to rehabilitate mined areas, which were abandoned without restoration, a Government official has said.

Staff Reporter

Economic Analysts have welcomed the establishment of an International Commodities exchange in Zimbabwe, citing its potential to grow markets for the country’s products as well as create employment. Subsequently, Government has been urged to hasten its plans of setting up an Offshore Financial Services Centre in Victoria Falls as it has a potential to attract Foreign Direct Investment (FDI).

Staff Reporter

Cotton Producers and marketers Association Chairman, Mr Stewart Mubonderi has urged cotton farmers to prepare for the 2021/22 farming season as the Government continues to mobilise for resources to pay them their dues.