Investor confidence rises as ZIDA approves 709 licences

Business Reporter THE Zimbabwe Investment and Development Agency (ZIDA) recorded a significant increase in new investment licences issued in 2024, after approvals reached a record 709, a 15 percent rise…

Zimbabwe-Netherlands trade surplus doubles

Edgar Vhera, Specialist Writer, Agribusiness ZIMBABWE’S trade surplus with the Netherlands has grown by 100 percent, from US$13 million in 2023 to US$25 million last year, driven by strong growth…

HDC urges review of forex retention threshold

The Horticultural Development Council (HDC) has called for an upward review of the foreign currency retention ratio from 70 percent to 100 percent to stimulate the growth of the sector.

Zim-Netherlands trade surplus doubles to US$25m

ZIMBABWE’S trade surplus with the Netherlands has grown by 100 percent, from US$13 million in 2023 to US$25 million last year, driven by strong growth in horticultural exports, which account for the bulk of the former’s shipments.

Chimanimani weavers get export boost

  Lovemore Kadzura Business Reporter CHIMANIMANI’S renowned baobab bark weavers have received a significant boost from ZimTrade, which is assisting them in directly accessing the export market and reaping greater…

IDCZ urged to set up facility for key manufacturing projects

Nqobile Bhebhe, Zimpapers Business Hub THERE is an urgent need to establish dedicated industrial funding support facilities under the Industrial Development Corporation of Zimbabwe (IDCZ) to finance transformative manufacturing projects…

Funding mechanism key for manufacturing projects: Govt

THERE is an urgent need to establish dedicated industrial funding support facilities under the Industrial Development Corporation of Zimbabwe (IDCZ) to finance transformative manufacturing projects across the economy, Special Advisor to the President Responsible for Monitoring and Implementation of Government Programmes, Dr Joram Gumbo, has said.

NOIC declares US$10m dividend after extraordinary performance

Columbus Mabika-Herald Reporter STATE-OWNED National Oil Infrastructure Company of Zimbabwe (NOIC) yesterday declared a dividend of nearly US$10,9 million to Mutapa Investment Fund (MIF) after a year of extraordinary performance…

VBUs boost food security in Buhera

  Tendai Gukutikwa Post Reporter RURAL communities in the drought-prone Buhera District are being transformed into thriving agricultural hubs, thanks to the emergence of Village Business Units as a powerful…

Musk warns of ‘rough’ patch after Tesla’s difficult quarter

Elon Musk warned of a hard year ahead for Tesla Inc., adding to the automaker’s woes after reporting one of its worst quarters of the last decade.

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