Tobacco sales reach US$124m

Zimbabwe has so far earned US$124,26 million from the sale of 1,65 million kgs of tobacco in 36 days, a 152 percent improvement compared to last year’s US$93,07 million from 3,9 million kgs, statistics released by the Tobacco Industry and Marketing Board (TIMB) show.   

Zim reviews geo-fencing transit trucks route

Government has with immediate reviewed the geo-fenced routes used by commercial trucks transiting through Zimbabwe to countries north of the Zambezi River in a move meant to minimise transit fraud likely to arise following the closure of the Victoria Falls and the opening of the Kazungula route. 

CBZ ponders cryptocurrency

Zimbabwe’s biggest bank, CBZ Holdings, says it is looking at how it could leverage on cryptocurrencies and other emerging digital innovations. 

Liquidator dismissed for misconduct

WILLDALE Transport Services (Willtrans) liquidator Phibion Gwatidzo is not suitable to hold the office of a liquidator, the High Court has ruled, relieving him of his duties for selling assets of the company under liquidation without authority from the creditors.   

CBZ transforms agriculture financing

Zimbabwe’s biggest lender, CBZ Holdings, has come up with a transformational lending system to the agriculture sector, which almost completely eradicates defaults on payments but also enhances the sector’s contribution to the economy.   

Mthuli to meet bankers over Covid 19 rescue package

GOVERNMENT would soon meet with bankers to address bottlenecks that are hindering the smooth disbursement of the $18 billion Covid-19 stimulus and rescue package to industry.

JUST IN : Mthuli begins investors search Roadshow

Finance and Economic Development Minister Mthuli is currently in Cape Town South Africa where he is showcasing the country’s investment opportunities at the Zimbabwe Global Investor Roadshow.

RioZim to begin works on solar plant

Diversified resources firm, RioZim, says it is in the process of selecting an EPC (engineering, procurement and construction) contractor for its 178 megawatt (MW) Solar Project.

Zim considering tapping into nuclear energy for power

The Zimbabwe government on Wednesday approved the framework for cooperation with the Russian Federation State Atomic Energy Corporation as it explores the feasibility of using nuclear energy as an alternative source of power.

OK’s mega promotion to be held virtually

Zimbabwe’s biggest retail promotion, the OK Grand Challenge Jackpot Promotion, returns this year after a year – long hiatus and most activities will be conducted virtually following the outbreak of the deadly Covid 19.

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