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Cottco to distribute 500 000 woolpacks

Lovemore Zigara, Midlands Correspondent COTTCO has started distributing picking bags to cotton farmers as the harvesting of the white gold begins. The company also intends to distribute 500 000 woolpacks, commonly referred as bales, for 150 000 contracted farmers. Cottco managing director Mr Pious Manamike told Business Chronicle: “We are …

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Govt moves to consolidate diamond mining sector

Seven companies operated in Chiadzwa/Marange namely Mbada Diamonds, Anjin, Marange Resources, Gye Nyame, Kusena, Jinan and the Diamond Mining Company and were set to merge into one entity where Government would hold 50 percent Happiness Zengeni in PERTH, Australia Government will now fully consolidate the diamond mining sector after resolving …

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NSSA raises stakes in NicozDiamond

Harare Bureau THE National Social Security Authority has raised its stake in insurance group, NicozDiamond Insurance Limited to 50,9 percent after a mandatory offer to minority shareholders which closed last week. Before the mandatory offer, which closed on April 24 having opened three weeks prior, NSSA held 254 186 084 …

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Sadc industrialisation roadmap consultations start

GOVERNMENT is consulting the private sector and other stakeholders on ways and structures needed to spearhead the Sadc Industrialisation Strategy and Roadmap at the national level. The consultation process, taking place in the capital today, will also make recommendations on the acceleration of the strategy in Zimbabwe. The Minister of …

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POMP AND FANFARE. . . Kenya Airways makes debut landing in Vic Falls

Transport and Infrastructural Development Minister Dr Joram Gumbo (fifth from right) is joined by several dignitaries during the official unveiling of the Kenya Airways in Victoria Falls yesterday Leonard Ncube in Victoria Falls A Kenya Airways plane yesterday landed at the upgraded Victoria Falls International Airport, becoming the second major …

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Zimplats appoints Implats CEO to board

THE country’s largest platinum producer, Zimbabwe Platinum Holdings has appointed its parent company’s CEO — Mr Nicolaas Muller — to its board. Zimplats is 87 percent owned by ASX-listed South African platinum producer, Impala Platinum (Implats).Mr Muller earlier last month took over the CEO post at Implats following the resignation …

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Arda ventures into pecan nut production

THE Agriculture and Rural Development Authority has secured an investor to produce pecan nuts, chairman Mr Basil Nyabadza has said. Pecan nuts are the product of the hickory tree, also known as Carya illinoinensis. The trees are native to central and southern North America, and were food source for Native …

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Govt restructures chrome mining sector

Minister Walter Chidhakwa Business Editor THE Government is restructuring the chrome mining sector to enable small-scale miners to drive the exploitation of the mineral, a Cabinet Minister said. Following gold, chrome miners are the second largest employers in the small scale mining sector. Mines and Mining Development Minister Walter Chidhakwa …

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#Zimbabwe Farmer of the Year wins tractor

Case IH and its distributor AGRICON donated the first prize, a JX75T 4WD tractor and plough, to the 2016 Zimbabwe Farmer of the Year, Gracious Patricious Makoti from the Sanyati District. Gracious Makoti, overall winner, Zimbabwe Farmer of the Year, at the wheel of the tractor she won. Photo: Case …

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