Cabinet pushes for triple tourism growth

Senior Business Reporter THERE is an urgent need to triple tourism growth from the current 4,5 percent of gross domestic product contribution to reach the target of a US$5 billion…

GMB ordered to prevent side marketing of grain

Sikhumbuzo Moyo, Senior Reporter GOVERNMENT has directed the Grain Marketing Board (GMB) to operationalise Statutory Instrument 149/19 to prevent side marketing of grain following low deliveries since the start of…

Grandpa left to fend for triplets sends SOS

Thandeka Moyo-Ndlovu, Senior Reporter A 65-YEAR-OLD pensioner from Tshabalala suburb in Bulawayo is appealing for help to take care of four-year-old triplets, born to his daughter who is a single…

Gweru sets aside $48 million for dumpsite relocation

Patrick Chitumba, Midlands Bureau Chief GWERU City Council (GCC) has set aside $48 million from devolution funds to finance the relocation of the city’s dumpsite which is near Woodlands Phase…

Leather sector decries quality goat skin shortage

Nqobile Bhebhe, Senior Business Reporter PLAYERS in the Bulawayo leather sector are facing a shortage of good quality goat skins, citing poor care of livestock by farmers and abattoirs, which…

EIB lines of credit to local banks top e25m

The European Investment Bank (EIB) has pledged to continue supporting Zimbabwe’s post Covid 19 economic recovery initiatives after the bank extended a combined €25 million (US$26,82m) in lines of credit to two local banks for lending to productive sectors.

Ex-David Whitehead chief Chimanye disposes stake

Former David Whitehead Textiles Ltd (DWTL) chief executive officer and majority shareholder Edwin Chimanye has disposed of his stake in Zimbabwe’s largest garment making firm.

IDBZ evaluates $1bn infrastructure projects

The Infrastructure Development Bank (IDBZ) says it is evaluating private sector projects worth $1 billion from the energy, mining and irrigation sectors for funding in line with the bank’s mandate of supporting infrastructure development in the country.

Zambia now top Chinese FDI destination

Chinese President Xi Jinping on Tuesday held a phone conversation with his Zambian counterpart, Hakainde Hichilema. President Xi hailed the all-weather friendship between China and Zambia, stressing bilateral friendship is…

China in new measures to support economy

China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement…

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