adminChinese firm proposes US$3,5bn power plant
Martin Kadzere Senior Business ReporterA CHINESE firm, Guangdong Bureau of Coal Geology, plans to invest at least US$3,5 billion in building a 1 200- megawatt thermal power plant in Zimbabwe, an official has said. “We came here to observe and study the possibility of building a thermal power plant,” he said this week. “Our
Delta, traders face off
Golden Sibanda Senior Business ReporterDELTA Corporation is pressing ahead with its plans to reduce the discount threshold to wholesalers of its beverage products under a raft of measures being strongly resisted by the wholesalers and retailers’ lobby group. The newly formed Beverage Wholesalers and Retailers Association of Zimbabwe
US$100bn economy attainable: Mafukidze
Tawanda Musarurwa Business ReporterTHE quest for a US$100 billion economy by 2040 remains viable and could be attained if the current momentum is maintained, KM Financial Solutions chief executive Mr Kenias Mafukidze has said. With the Gross Domestic Product estimated at just below US$10 billion, the US$100 billion by 2040
Minister hails performance contracts
Business ReporterState Enterprises and Parastatals Minister Gorden Moyo has said that there has been a marked improvement in the holding of annual general meetings by State enterprises and parastatals following the introduction of performance based contracts. Ineffective boards are believed to have
The value of ethical leadership
The value of ethical leadership in today’s organisation can no longer be underplayed be it in public institutions, private sector, NGOs or SMEs.Ethical leadership has become a key driver for organisational performance, and corporations around the world, small or large, are increasingly
Australian investors eye Zim
Australian investors are now showing a huge appetite for Zimbabwe’s abundant mineral resources despite sanctions imposed on Harare by Canberra, a senior Government official has said. Australian investors are due in the country this week following pledges made at the Africa Down Under annualGMB to commission new stockfeeds plant
The Grain Marketing Board said last Thursday it will commission its US$30 million Norton stockfeeds plant next year. The new plant, once fully operational, is expected to ease current bottle necks in the supply of stockfeeds. Addressing delegates attending the two-day 72nd ZimbabweSavanna shows the way
Special CorrespondentWith Zimbabwe struggling to survive amid isolation due to various factors, the thriving cigarette manufacturer, Savanna Tobacco Company, betrays a picture of the success of the country’s empowerment policies. Everyday, more than 1 000 casual workers carrying thousands of cigarette sticks
Savanna, beating the odds
With Zimbabwe struggling to survive isolation, the thriving cigarette manufacturer, Savanna Tobacco Company, betrays a picture of the success of the country’s empowerment policies.
Delays by GMB hamper preps for new farming season
Business Reporter
Delays by the Grain Marketing Board (GMB) to pay farmers for grain deliveries will hamper preparations for the coming farming season, Zimbabwe Farmers Union president Mr Silas Hungwe has said.
He said if farmers did not have funds, there was no way they could get inputs.