Business

New Investments to Lead Africa Agri-Development

At a time when the rest of the world is re-thinking its approach to commercial agriculture, Africa has a clear opportunity to refresh its approach to the sector and become an emerging force. Big shifts are already happening in food production, land and water use, and the integration of agri-tech …

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Zra to Launch 5-Year Strategy On Batoka

THE Zambezi River Authority (ZRA) is set to launch its five-year strategic plan (2020-2024) tomorrow, which will guide its operations as the bi-national organisation moves towards the implementation of the Batoka Gorge Hydro-Electric Scheme (BGHES) project. Zimbabwe and Zambia are working towards constructing two power stations at Batoka Gorge, which …

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Public Debt, Corruption – Twin Vices to Eradicate

Public debt and corruption have become evils thwarting economic growth in Zimbabwe, despite the country being endowed with vast natural resources, and the new dispensation has been lauded for its sterling efforts to eradicate the twin vices. Zimbabwe has been in arrears since early 2000 and unable to access funding …

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Zinara Takes Bold Stance Against Corruption

The Zimbabwe National Road Administration has upped efforts to fight corruption and plug off revenue leakages as it seeks to align its operations with President Mnangagwa’s Vision 2030 and Government’s stance against all forms of graft. In line with this, the road fund administrator, has introduced a dedicated risk and …

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Mines Bill Consultations Inclusive – Chitando

The views of both large and small scale miners will be considered during the process of crafting the Mines and Mining Amendment Bill, Mines and Mining Development Minister Winston Chitando has said. Minister Chitando made these remarks when he officiated at the signing ceremony of three partnership agreements by the …

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Postal, Courier Services Sector Buckles Under Strain of Covi-19

THE Covid-19 pandemic has severely strained the postal and courier services sector resulting in massive drop in business volumes across all services. Dr Jenfan Muswere, the Minister of Information Communication Technology (ICT), Postal and Courier Services, said this last Friday as he delivered his speech to commemorate the World Post …

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Medtech Eyes Restructuring

Diversified retail and services group MedTech Holdings is looking to transform into an investment holding company in a move that could change its fortunes. The group is currently saddled by a R27,8 million legacy debt. The restructuring initiatives will also include the acquisition of minority stake in a yet unnamed …

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Govt Spells Out Cotton Industry Vision

Lands, Agriculture, Water and Rural Resettlement Minister Dr Anxious Masuku on Friday spelled out his vision for the country’s cotton industry aimed at accelerating growth and enhancing sustainability. The vision is in the context of the recently launched Agriculture and Food Systems Transformation Strategy which seeks to grow the agriculture …

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Zmf Gets Strategic Mining Partnerships

The Zimbabwe Miners Federation (ZMF) has signed three strategic partnerships aimed at capacitating small scale miners in their quest to ramp up production in line with the Government’s vision of growing mining to a US$12 billion industry by 2023. The partnership deals saw the small miners body signing agreements with …

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Public, Private External Debts Written Off

Most external debts owed by local public and private entities may have been written off and companies could take advantage of negotiating with creditors to pay lesser amounts to clean their books. With bigger portions of these debts being arrears, The Herald Finance & Business gathered that some companies have …

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