Gvt identifies three sites for solar farms  

Judith Phiri, Business Reporter   THREE sites have been identified for solar farms and will generate 500 megawatts (MW) that will be fed into the national grid as the Government develops…

Mounting inflationary pressures increase FLA US dollar business

Nelson Gahadza Fidelity Life Assurance (FLA) says the inflationary environment obtaining in the country has seen the group increase its US Dollar business, at the same time developing products for…

‘Exporters have no basis of holding forex’

Golden Sibanda Zimbabwean authorities expect the foreign currency market to become self-sustaining in the near future after measures rolled out by the central bank and Treasury since early last month…

PPC kiln shutdown dents volumes

Michael Tome CEMENT maker, Pretoria Portland Cement (PPC), says extended kiln shutdown in the first half of its 2023 financial year, restricted clinker production and cement volumes uptake. The kiln…

Call for full dollarisation misplaced

Business Writer The slump in aggregate demand and now in production that local retailers and manufacturers are reporting, is testimony that calls for full dollarisation of the economy are misplaced,…

Govt debt, low tariffs hit TelOne

Business Writer TelOne suffered massive exchange rate losses after currency depreciation witnessed this June, weighed on its debtors’ book which runs into billions of Zimbabwe dollars. As at May 31,…

Cottco resumes payments after liquidity crisis

Business Writer The Cotton Company of Zimbabwe (Cottco), has resumed payments to farmers after liquidity constraints forced the country’s largest cotton company to stop payments. With the marketing season almost…

Customer service key for business development

Dr Keen Mhlanga A customer is a person or an organisation that makes a purchase from a business. Customers are the lifeblood of any company since they bring in money…

Tanzanian grape farmer eyes Chinese market

DODOMA. — In a 1,5-hectare vineyard 39 kilometres north of the Tanzanian capital of Dodoma, William Swai is checking the grapes under the dazzling sun. By mid-July, the grapes will…

Trade deficit widens as export stalwarts falter

Tapiwanashe Mangwiro Zimbabwe trade deficit for the five months to May has widened to US$970 million on the back of weaker export revenue in the period under review. The deficit…

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