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Number of rejected tobacco bales too high

HARARE – At least 40 520 bales of tobacco  have been rejected at auction and contract sales floors since the start  of the 2017 marketing season, a 28,4 percent jump from the 31 539  bales  rejected during the comparable period last year, statistics that the  regulator released show. Statistics that …

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Zim expects 1.2m diamond carats

Zimbabwe is anticipating to reach 1.2 million carats of diamonds per year once the Zimbabwe Consolidated Diamond Company (ZCDC) begins activities in all the mining concessions. This was revealed by the Permanent Secretary in the Ministry of Mines and Mining Development, Professor Francis Gudyanga in Chiadzwa. “The diamond industry is …

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ZSE maintains upward trend

The Zimbabwe Stock Exchange has maintained its upward trend, closing the day in the positive territory at 141.27 points. The industrial index gained 0.18 points to close at 141.27 points. ZB Financial Holdings gained 1.70 cents to trade at 12.70 cents, Old Mutual went up by 0.45 cents to settle …

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New players buck economic trend, join tourism sector

The tourism industry has seen the entry of more than 25 new restaurants and 17 new guesthouses in recent years despite economic challenges besetting the sector, an official has said. BY MTHANDAZO NYONI Zimbabwe Tourism Authority (ZTA) chief executive Karikoga Kaseke told NewsDay that while some businesses closed down in …

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ZMDC entity eyes 25kg gold output

Zimbabwe Mining Development Corporation (ZMDC)-owned gold producer, Sabi Gold Mine, resumed operations a month ago amid expectations of producing 25kg of gold this month, a government minister has said. BY FIDELITY MHLANGA Mines and Mining Development deputy minister Fred Moyo yesterday told NewsDay that the mine has reopened its doors …

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Mzembi drums up support ahead of UNWTO polls

Tourism and Hospitality Industry minister Walter Mzembi paid a courtesy visit on African Union Commission deputy chairperson Kwesi Quartey on Tuesday as he drums up support ahead of the election for the secretary general’s post of the UN World Tourism Organisation (UNWTO). BY BUSINESS REPORTER The election to replace Jordanian …

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Zim firms to showcase at Zambian Expo

Business Reporter ZIMBABWE’s trade development and promotion organisation, ZimTrade, will for the second time lead local businesses’ participation at Agritech Expo to be held in Chisamba, Zambia next week. Agritech Expo is a specialised exhibition for the agricultural sector value chain and would run from 27 to 29 April. The …

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Global economy to grow 3.5pc: IMF

GLOBAL economic growth will accelerate in 2017 as investment, manufacturing and trade rebound, the International Monetary Fund said on Tuesday as it raised its outlook for the year. World growth is expected to rise to 3.5 percent this year and 3.6 percent in 2018, compared to 3.1 percent last year. …

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