aurora
- businessweekly
- April 3, 2020
- 124 views
Privatisation offers below market value
Martin Kadzere THE privatisation of subsidiaries and associate companies of state-owned Industrial Development Corporation of Zimbabwe (IDCZ), is moving at a snail’s pace as most offers are well below market…
- businessweekly
- April 3, 2020
- 88 views
Gvt moves to resolve CAPS legacy issues
Martin Kadzere Zimbabwe is firming plans to revive its pharmaceutical industry through a cocktail of measures including recapitalisation of CAPS Pharmaceuticals and production of own raw materials for drugs processing,…
- businessweekly
- April 1, 2020
- 71 views
Innscor pins hope on product diversification and efficiencies
Enacy Mapakame Diversified industrial conglomerate, Innscor Africa Limited’s product diversification and efficiencies are expectbed to sustain the group’s earnings at a time economic headwinds will pose severe challenges for local…
- businessweekly
- April 1, 2020
- 73 views
AfDB keen to support Zimbabwe’s agro-processing sector
Martin Kadzere The African Development Bank (AfDB) has expressed commitment to continue providing funding to Zimbabwe’s agro processing sector following the approval of $8,3 million loan to Olivine Industries. Last…
- businessweekly
- April 1, 2020
- 59 views
Govt position GMO unchanged: Shiri
Martin Kadzere The Government has said it will intensify climate smart agriculture, a farming technique that helps fa rmers to be more productive on a warming planet, than adopting “harmful”…
- businessweekly
- April 1, 2020
- 31 views
Caledonia shelves dividends payment
Golden Sibanda TORONTO Stock Exchange (TSX) listed Caledonia Mining, the parent firm of Blanket Gold Mine in Zimbabwe, has postponed declaration of its second quarterly dividend over uncertainty in the…
- businessweekly
- March 27, 2020
- 81 views
Zisco deal twists… as ZimCoke forges ahead with transaction
Plans by ZimCoke to take over the assets of Zimbabwe Iron and Steel Company (Zisco) has taken a new twist after the investment vehicle fronted by former legislator, Eddie Cross, claimed the debt assumption agreement with the German bank, KfW GBMH, has been finalised and will be signed soon.
- businessweekly
- March 27, 2020
- 131 views
Suspended bosses milk Zesa Holdings
More than 45 directors and senior managers who were suspended by State power utility ZESA Holdings over alleged graft, have been milking the technically insolvent electricity company since October 2018 by drawing hefty salaries and other perquisites without working, sources say.
- businessweekly
- March 27, 2020
- 90 views
Forex traders shun Mthuli’s platform
The interbank market that was liberalised a fortnight ago to a managed float, is struggling for traction amid reports that no trades have gone through the system since the announcement of new trading measures by Government.
- businessweekly
- March 27, 2020
- 129 views
Banks close branches to fight coronavirus
Stanbic Bank, First Capital Bank and Steward Bank have closed some of their branches as part of a raft of measures to help contain the spread of coronavirus in the country.