Local firms target Macfruit global fair

Zimbabwean firms in the agribusiness industry will this year exhibit at the world’s biggest fruit and veggies fair, Macfruit 2021, scheduled to run from 7-9 September, 2021 in Rimini, Italy. 

Boustead Leather back on its feet

BULAWAYO-based tannery Boustead Leather (formerly Wet Blue Industries) is back on its feet with operations now anchored towards tapping into opportunities in the wider leather value chain. 

Dedicated logistics rail service between Maputo and Harare launched

DP World Maputo, which has the concession to manage, develop and operate the Maputo container terminal, last Friday handled the first dedicated container train service connecting Maputo and Harare, Zimbabwe.

WHO condemns local pharmaceutical plants

Production plants of majority of local pharmaceutical firms have been classified not suitable for manufacturing of medical drugs by World Health Organization (WHO), a situation which require massive retooling, according to a new Government policy document.

New rules rule pension funds, insurers

INSURANCE firms and pensions funds are now required to create a third sub-account for foreign currency denominated contributions.

Ariston revenue jumps 64 pc

Ariston Holdings defied the disruptive impact of the Covid-19 pandemic on business operations worldwide after group revenue jumped by 64 percent to $425,5 million during the half year period to March 2021.

Zim targets growing exports to Rwanda

ZIMBABWE is keen on growing its exports to Rwanda with market survey results by the national export promotion agency, ZimTrade, indicating that locals could ride on this to generate more earnings.

Nestlé to boost national milk output

Food and drink processor, Nestlé Zimbabwe’s dairy farmer initiatives across the country will help boost the country’s national dairy herd, with the latest Watershed Small-scale Farmer Hub showing incremental gains since its launch last year.   

Zimbabwe dollar trades unchanged

The local dollar will this week trade largely unchanged against the United States dollar at $84,76 from $83,72 last week following today’s Reserve Bank of Zimbabwe (RBZ) foreign currency auction, as use of hard currency accessed from the auction system is expected to be more efficient following last week’s promulgation of Statutory Instrument 127 of 2021.  

Hwange Thermal expansion project 62 pc complete

The Hwange Thermal Power Station expansion project closed the first quarter at 62,54 percent from 58,29 completion at the beginning of the year after being negatively affected by interim payment certificate delays and the Covid-19 pandemic. 

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