Govt says 2022/23 farming season progressing well

Nearly 100 000 hectares of land has already been put under maize, Zimbabwe’s staple crop, a few weeks into the 2022/23 farming season, compared to just above 30 000 hectares…

Cane growers mulls bid for Tongaat assets

News24.com Karl Gernetzky A consortium of cane growers that supplies Tongaat Hulett has expressed interest in acquiring the assets of the embattled sugar producer. They believe their offer is one…

ZSE up 1,9pc as first REIT lists tomorrow

Business Writer The ZSE All Share Index added 270.92 points or 1,90 percent to close the session at 14 509.78 points. The market will see a new product being listed…

Kingdom Hotel shuts down after 56 years of service

Business Writer The country’s largest hotel group, African Sun Limited (ASL), has announced the closure of the 294 roomed Kingdom Hotel in Victoria Falls effective 5 January 2023. In July,…

Meikles and partners to develop US$1.6 m children’s village

Business Writer  Diversified hospitality group, Meikles Limited, in conjunction with some partners, is developing a US$1,57 million Rainbow Children’s Village (RCV) as part of the group’s corporate social responsibility initiatives.…

AfDB approves €125 million loan for SADC’s biggest IPP

Business Writer THE board of directors of the African Development Bank (AfDB) Group has approved a loan package not exceeding €125 million to Hidroeléctrica de Cahora Bassa (HCB) of Mozambique,…

Zim Govt to deal with foreign debts

Business Writer/NewZiana The Zimbabwe Government paid out US$50.28 million between January and September this year in service of its active debt portfolio, while token payments were also made for debt…

SA doesn’t have world’s worst unemployment rate anymore, as factories drive job growth

Bloomberg South Africa’s official unemployment rate declined to 32.9 percent, the third highest on a global list of 82 countries and the eurozone monitored by Bloomberg. The improvement means South…

RTG rides on improved business environment

Enacy Mapakami Hospitality group – Rainbow Tourism Group Limited (RTG) – overturned a loss before tax of $674 million to a profit before tax of $2 billion during the nine…

Activities remain subdued at ZSE

Business Writer Equities on the Zimbabwe Stock Exchange (ZSE) remained muted with the ZSE All Share Index adding just 2,14 points or 0,02 percent to close the trading session at…

×