Chinese automakers win Russian market

An Xiaomeng ST. PETERSBURG, Jan. 22 (Xinhua) — Last year, Chinese car sales set a historic record in Russia, gaining almost half of the country’s auto market share. Chinese automakers…

Hippo Valley, Govt in talks over 99-year-leases

Enacy Mapakame The country’s biggest sugar producer, Hippo Valley Estates, is still in negotiations with Government over finalisation of the 99-year lease relating to Hippo Valley North (23 979 hectares).…

Call to protect small businesses intensifies

Tapiwanashe Mangwiro Analysts have urged policymakers and stakeholders to prioritise the protection and support of SMEs to ensure sustained economic development and stability as it is the backbone of the…

Cottco suffers huge losses as cotton is exposed to rain

Business Writer Cottco, the country’s largest cotton financier is facing a major loss after significant amounts of raw cotton were exposed to rains, company sources have said. The board’s decision…

Manhize project to put NRZ back on track

Business Reporter THE National Railways of Zimbabwe (NRZ) is upbeat that the US$1,5 billion steel project by Dinson Iron and Steel Company will bring a new lease of life to…

First batch of Cyber City villas on sale

Business Reporter Zimbabwe Cyber City’s luxury villas are now on sale, with prices ranging from US$520 000 to US$1,1 million, as shown in a flyer distributed by Pam Golding Properties.…

Pensions industry foreign currency assets in 42pc jump

Enacy Mapakame Total foreign currency assets for the pensions industry jumped 42 percent to US$326 million during the nine months to September 30, 2023, compared to US$228 million recorded in…

Presidential inputs scheme froths 2023 milk production

Tapiwanashe Mangwiro Senior Business Reporter The dairy industry has witnessed a substantial boost in milk production, marking the third consecutive year of growth as official statistics reveal that milk production…

Coal exports, power generation hit new highs

Worldwide electricity generation from coal hit record highs in 2023, while thermal coal exports surpassed 1 billion metric tons for the first time as coal’s use in power systems continues…

Logistics crisis: Neighbours eat SA’s lunch

Exporters in South Africa and other countries in the region are increasingly avoiding South Africa’s dismal rail and harbour logistics in favour of alternative routes to ensure their products reach…

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