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Victoria Falls mall ready to open

ZIMRE Property Investment (Zimre) has completed construction of its $13 million shopping mall in Victoria Falls with the facility set to be opened to the public by the end of this month, an official has said. “The official opening will be at the end of this month on the 26th. …

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Zim launches free online shopping application, ZimexApp

BY MISHMA CHAKANYUKA A SELF-TAUGHT Zimbabwean, Washington Mkombodzi has created a free online shopping application, ZimexApp which provides a virtual platform for small businesses (SMEs) to reach out to the market. Mkombodzi said he saw the need for a central place that would allow people in Zimbabwe to post and …

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Coca-Cola unveils US$38m to tackle plastic pollution

BY staff reporter Zimbabwe is set to benefit from a US$38 million fund by The Coca-Cola Company (TCCC) to tackle plastic pollution in Southern, East and Central Africa over three years. The world is producing 300 million tonnes of plastic every year and TCCC has embarked on a holistic end-to-end …

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Tobacco farmers, merchants on collision course

BY FIDELITY MHLANGA TOBACCO farmers are on collision course with merchants who are demanding repayment of loans issued to farmers in United States Dollars, as the contract tobacco sales commence. The tobacco marketing season officially starts today with auction floor sales. Contract farming accounts for more than 70% of the …

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Potraz summons Liquid over tariff hike

BY TATIRA ZWINOIRA THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has summoned Zol Zimbabwe for questioning over its unauthorised data tariff increase, NewsDay has learnt. Zol Zimbabwe, a subsidiary of Liquid Telecom Group, announced that starting April 1, 2019 tariffs would be offered in United States or RTGS …

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State engages ZMDC creditors

Ishemunyoro Chingwere Business Reporter Government is engaging creditors owed millions of dollars by six mines owned by the Zimbabwe Mining Development Corporation (ZMDC) that were last year tendered for partial privatisation, in a bid to stop continued property attachments and give the mining firms a chance to recover. Government, through …

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PPC feels the heat from imports

Bulawayo Bureau The country’s largest cement producer, Pretoria Portland Cement (PPC) Zimbabwe, is feeling the heat from imports and has called on Government to promulgate protectionist laws to promote competitiveness of local producers. Government lifted a two-year import ban on some basic commodities, including cement, last October as a measure …

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Parastatal reforms to earn Govt US$350m

Africa Moyo Senior Business Reporter Government expects to generate US$350 million from reforming TelOne, NetOne, Telecel, Zimpost and the Peoples’ Own Savings Bank (POSB). The five companies have been lined-up for immediate reforms in tandem with the Transitional Stabilisation Programme (TSP) Government launched in October last year. This was said …

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Agency to Improve FDI Approvals

The establishment of the Zimbabwe Investment and Development Agency (ZIDA) will capacitate the country to process Foreign Direct Investment (FDI) approvals within a day, Finance and Economic Development Minister Professor Mthuli Ncube has said. Zimbabwe is working on a plethora of measures to improve the ease of doing business climate …

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