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Q2 egg production tumbles 12%

ZIMBABWE’S egg production tumbled by 12% to nine million eggs in the second quarter of 2018 as output by large-scale producers fell, according to a second quarter performance report by the Zimbabwe Poultry Association. BY MTHANDAZO NYONI In the report, chairperson Solomon Zawe revealed that the total egg production in …

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Tours planned to revive business relations with US

Local think-tank, CEO Africa Round Table, says it will be touring the United States to revive company-to-company business relations with the world’s largest economy. BY KUDZAI MUCHENJEKWA The US imposed economic sanctions on Zimbabwe in 2002 through the Zimbabwe Democracy and Economic Recovery Act (Zidera), in terms of which US …

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Zim courts US investors

Golden Sibanda and Michael Tome President Mnangagwa says foreign direct investment will play a key role in Zimbabwe’s quest for middle income status by 2030 and Harare will accelerate the pace of its robust global re-engagement to attract FDI, including resolving a decades old diplomatic standoff with the United States. …

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ZB in talks for $30m line of credit

ZB Financial Holdings (ZBFH) is in talks with a regional bank for a $30 million line of credit, which will enable ZB Bank, its commercial banking subsidiary, to support international transactions. BY MTHANDAZO NYONI The bank has also raised more than $80 million towards the second phase of a $1 …

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Oil hit 4-year high

LONDON. – Oil prices jumped more than 2 percent to a four-year high yesterday after Opec declined to announce an immediate increase in production despite calls by US President Donald Trump for action to raise global supply. Benchmark Brent crude LCOc1 hit its highest since November 2014 at $80,94 per …

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Pre-owned car imports surge 40pc

Beitbridge Bureau The Zimbabwe Revenue Authority (Zimra) has recorded a 40,9 percent increase in imports of pre-owned vehicles at Beitbridge border post in the last eight months, it has emerged. Officials statistics from Zimra indicate that the parastatals is collecting $8,5 million from vehicle imports at the country’s and Sadc’s …

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Property sector struggles with high rent defaults

Property Reporter The country’s property market in the first half of the year was characterised by high rent default levels and also low absorption rates of rental space, despite the improving general business confidence, a listed company in the sector has said. According to a statement which accompanied its financial …

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Bitumen World extends helping hand to Harare

Golden Sibanda Bitumen World says it has undertaken additional works to improve environmental aesthetics around the traffic circle at the intersection of Harare Road, Gaydon Road and Rolf Avenue at no added cost to the client, City of Harare. The Traffic Circle is a product of the contract between client, …

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SDA to construct $4m community centre

Michael Tome  Business Reporter Adventist Services Industry (North Zimbabwe Conference) plans to build a $3,9 million office and community centre in Sandton Park, Mount Hampden. The centre will house offices and an incubation hub for community impact projects. It will entail activities like the training of livelihood and lifestyle matters including …

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