AFDB pledges to help build economic resilience in Zim

THE African Development Bank (Afdb) has committed about US$10,5 million for three new projects in Zimbabwe for the next two years as part of efforts to strengthen resilience and build competitiveness within Government and private sector productive capacity.

Pension funds can close infrastructure funding gaps

For while now, pension funds in Zimbabwe have been struggling to find investment assets that constantly and consistently grow their members’ pooled funds.

Govt mulls alternatives for tobacco curing

CONCERNED over unsustainable destruction of woodlands by tobacco farmers seeking cheaper fuel to cure the crop, the Government will start promoting use of fuel-efficient energy sources for processing tobacco to curb deforestation.

Zim eyes methane gas mining by 2024

Zimbabwe’s Shangani Energy Exploration (SEE) expects to start a pilot coal bed methane gas extraction in Lupane district, about 600 km west of Harare, by 2024, where the company intends to build a 400 megawatt power plant, an official said.

Zimplow positioned to sustain growth

DIVERSIFIED agro-concern, Zimplow Holdings says the business is strategically positioned to sustain growth across all business units supported by a firm order book and good leads in the construction and mining industries as well as a positive rainfall forecast for the 2021-22 agricultural season.

Cassava Smarttech blooms at ZITF

Diversified fintech giant Cassava Smartech Zimbabwe Limited, which is now re-branding as EcoCash Holdings Zimbabwe Limited, is exhibiting at this year’s Zimbabwe International Trade Fair (ZITF) where it has put up a state-of-the-art stand bringing together all its business units and brands.

Strong nickel prices spur BNC performance

IMPROVED global nickel prices spurred Bindura Nickel Corporation’s (BNC), 2021 financial year performance in face of extremely difficult circumstances induced by the Covid-19 pandemic.

Simbisa to expand footprint

Fast-food restaurants operator, Simbisa Brands Limited, says it intends to grow its footprint by adding 92 new stores in the 2022 financial year at an investment of US$19, 3 million.

POTRAZ seeks ICT solutions to agric productivity

POSTAL and Telecommunications Regulatory Authority (POTRAZ) will in a fortnight hold bring together computer programming experts to collaborate on Information communication and technology (ICT) solutions that can be used to improve farming yields.

By the numbers: The ZSE August performance

The month of August was the worst for investors on the Zimbabwe Stock Exchange as it became the only one the local bourse has closed lower than the previous month.