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ZETDC accused of anti-competitive tender behaviour

THE Competition and Tariff Commission (CTC) has ordered the Zimbabwe Electricity Transmission and Distribution Company (ZEDTC) to open its tenders to all qualified bidders following allegations of anti-competitive practices in the procurement of aluminium conductor cables. BY FIDELITY MHLANGA ZEDTC is replacing copper conductor cables with aluminium ones to reduce …

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Pharmaceutical sector hit hard by foreign currency shortages

THE Pharmaceutical Manufacturers’ Association of Zimbabwe (PMAZ) says for the country’s pharmaceutical sector to enhance its capacity and make significant contribution to public health, employment, economic and scientific development and exports, there was need for sufficient and consistent foreign currency allocations. By Mthandazo Nyoni NewsDay (ND) business reporter Mthandazo Nyoni …

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Zim working on new economic policy

Enacy Mapakame in VICTORIA FALLS Government is working on a new short-term economic blueprint that is expected to help stabilise the economy as it moves towards achieving the middle income status by 2030. The short-term economic plan is set to provide the basis upon which the new Government led by …

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AMA seeks to raise $75m

Africa Moyo THE under fire Agricultural Marketing Authority (AMA) has floated  $75 million agro-bills for the purchase of maize from farmers in the 2018 season. AMA, which recently came under attack from Government and farmers for dereliction of duty, said the maize would be bought through the Grain Marketing Board …

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RBZ registers 19 MFIs in six months

Africa Moyo THE Reserve Bank of Zimbabwe (RBZ) registered 19 microfinance institutions in the first six months of the year, to take the overall number of MFIs in the country to 194. Of the 19 MFIs registered, one is a deposit-taking institution while 13 are money lenders, with five of …

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Miners pledge 100t gold output

Prosper Ndlovu Bulawayo Bureau THE country’s gold sector remains bullish with miners yesterday pledging to produce up to 100 tonnes of the yellow metal annually if given adequate support by Government. Contributing during a gold mining conference organised by Fidelity Printers and Refiners (FPR) in Bulawayo, the miners said the …

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Small-scale gold miners fear for their claims

Africa Moyo recently in ZVISHAVANE SMALL-SCALE miners in the Zvishavane, Mberengwa and some parts of Matabeleland are living in fear of losing their mines to alleged powerful individuals, who are believed to be working in cahoots with some unscrupulous officials in the Ministry of Mines and Mining Development. Miners who …

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Poultry gears for inclusive growth

The scope for rural small-scale farmer centric value chain development in poultry, and how this ultimately generates national economic growth, will be the focus of the annual Zimbabwe Poultry Association (ZPA) indaba on Wednesday September 19 at ART Farm, Pomona, Harare. With broiler meat production in Zimbabwe at an all-time …

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Govt Pledges Support for Gold Miner

By Golden Sibanda GOVERNMENT has made a commitment to provide the necessary facilitation to Zimbabwe’s largest gold producer, Metallon Corporation, whose operations are being hampered by foreign currency shortages. The London head-quartered gold mining group has since given assurances that it was in the country for the long haul, as …

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