Business

Over $US1 Billion Disbursed Through Forex Auction System

Owen Kaura The Reserve Bank of Zimbabwe (RBZ) says local companies have benefited more than $US1 billion on the Foreign Currency Auction System since its re-introduction in June 2020. On ...

Lessons learnt from the opening of the Kazungula rail-road Bridge

Sihle Mkondo Zimbabwe’s President Emmerson Mnangagwa was part of the regional leaders who graced the commissioning of the 923 metre long Kazungula Bridge which was developed at a cost of US$259,3 ...

Dairibord to include AfCFTA in its operating environment

Sihle Mkondo Dairibord Holdings Limited (DHL) is poised for growth, riding on economic drivers such as vaccination programmes, a stable auction currency and a good farming and rainy season. DHL board ...

Non-compliant tobacco farmers to be fined

Ruth Chipayi The Tobacco Industry and Marketing Board (TIMB) has urged tobacco growers to destroy stalks before mid-May in order to avoid the spread of diseases, with failure to do so attracting ...

Zimbabwe Ring fences 100 Megawatts For Winter Wheat

Owen Kaura Zimbabwe has set aside 100 megawatts of power to ensure a smooth 2021 winter wheat farming season. Energy and Power Development Minister Zhemu Soda told ZTN that the US$100 million debt ...

CBZ to loan Luxaflor Roses (Pvt) Ltd US$750 000

Sihle Mkondo Zimbabwe’s largest rose exporter, Luxaflor Roses, has taken a loan to procure raw materials. The loan is supported by a Government guarantee gazetted on Friday 30 April 2021. ...