Business

Transerv Consolidation to Drive Axia Results in 2021

Specialty retail and distribution group Axia Corporation’s full consolidation of Transerv is expected to bear fruits in the financial year 2021, market analysts have said. Axia increased its stake in Transerv to 50,5 percent during the financial year 2020 and financial analysts at IH Securities contend that with majority control …

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New ICT Policy to Drive Growth

THE Government is crafting a new Information Communication Technology (ICT) policy to drive growth of this strategically key economic sector over the next 10 years. ICT, Postal and Courier Services Minister Jenfan Muswere said the ICT master plan will guide the sector’s contribution to economic growth in line with Government’s …

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Zimasco to Protect Workers

The Zimbabwe Mining and Smelting Company (ZIMASCO) , says it has instituted measures to protect its workforce from the novel coronavirus ahead of the re-opening of its chrome smelting plant in Kwekwe, the Midlands province. The company, which has 450 full-time employees and 500 contract workers, halted production in April …

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‘Build Better Infrastructure in Cyclone Idai Affected Areas’

DEVELOPMENT partners must build-back better modern infrastructure that speaks to present day Zimbabwe when they intervene to assist in areas affected by Cyclone Idai, Manicaland Minister of State for Provincial Affairs and Devolution Dr Ellen Gwaradzimba has said. She said that it was not the Government’s responsibility alone to build …

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Exporter of the Year Awards Set for Next Week

Top Zimbabwe’s exporting companies will be honoured on October 29 for their contribution to national exports, during the first ever onsight/online awards ceremony. The hybrid event will be held in Harare, with proceedings broadcast on online platforms to ensure maximum benefit for all participants and exporting companies from across the …

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Zera Boss Unveils Game Plan

THE Government has appointed Mr Eddington Mazambani as the substantive CEO for the Zimbabwe Energy Regulatory Authority (ZERA). Mr Mazambani has been the acting chief executive since the departure of Dr Gloria Magombo to take up a new post as Permanent Secretary in the Ministry of Energy and Power Development …

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Ex-Transmedia CEO Wants Hunt for New Boss Stopped

Former Transmedia CEO, Florence Sigudu-Matambo, has handed her ex-employer an urgent letter demanding that the organisation withdraws its search for a new chief executive. This publication has seen a copy of the letter from Sigudu Matambo’s lawyer, Nigel Sithole of Chimuka Mafunga Commercial Attorneys dated October 14, 2020 addressed to …

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Batoka Gorge Power Project Ready to Roll

Victoria Falls Reporter The contractor in charge of the 2 400MW Batoka Gorge Power Project has begun pre-construction works, building towards full implementation of the mega energy generation scheme by Zimbabwe and Zambia. The Zambezi River Authority (ZRA) is spearheading the project after engaging a consortium of Power China and …

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Belarusian Firm to Open Agric Equipment Centre

Senior Reporter A leading Belarusian company with expertise in agricultural machinery is set to open shop in Zimbabwe to offer backup services for tractors and combine harvesters as President Mnangagwa’s mantra that “Zimbabwe is open for business” continues to gain traction. The establishment of the company, which will come with …

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Secz Investigates Dawn, African Sun Deal

Business Reporter Capital markets regulator — Securities and Exchange Commission of Zimbabwe (SECZ) — is investigating the transaction between Dawn Properties Limited and African Sun Limited (ASL) following concerns the deal will prejudice minority shareholders. The deal entails the acquisition of the entire issued share capital of Dawn by hospitality …

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