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SAZ keen on SMEs standardisation

THE Standards Association of Zimbabwe (SAZ) says it requires financial support to assist small to medium enterprises (SMEs) attain world recognised certification for their systems and products to allow them to penetrate international markets. Described as the “new economy,” SMEs have in the last few years become the major driver …

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Govt responds to low coal production concerns

Deputy Minister Fred Moyo Business Reporter ZIMBABWE has sufficient coal reserves and the only challenge is lack of capacity to mine the required quantities, Mines and Mining Development Deputy Minister Fred Moyo said. Responding to concerns over declining coal output in an interview with Business Chronicle, Deputy Minister Moyo said …

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StanChart commits $9m for refurbishment

Business Reporter STANDARD Chartered Bank says it has to date spent $1,8 million on refurbishment of its three branches. The Fife Street Bulawayo branch was the first to be completed and work on the refurbishment of the remaining branches is expected to be completed in the next nine months. In …

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RBZ projects 1,7pc economic growth rebound

RBZ Deputy Governor Dr Kupukile Mlambo (centre) cuts the ribbon during the official opening of the Standard Chartered bank, Bulawayo branch last Friday night Bianca Mlilo, Business Reporter THE Reserve Bank of Zimbabwe (RBZ) is structuring a financial package to clear the country’s foreign debt as Government intensifies its re-engagement …

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PG Industries take-over set for finalisation

HARARE – PG Industries’ wholesale take-over by its Indian investor Dewei Investments could be completed by the end of the first quarter. Dewei Investments last year entered into an agreement with PG Industries to take over the entire issued share capital of the struggling construction materials firm amounting to $500 …

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SAZ keen on SME standardisation, needs funding

HARARE  –  The Standard Association of  Zimbabwe (SAZ) says it requires financial support to assist small  to medium enterprises (SMEs) attain world recognised certification for  their systems and products to allow them to penetrate international  markets without facing many challenges. Described as the “new economy,” SMEs have in the last few years become …

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Switzerland commits to fund developmental projects

HARARE  –  Switzerland is committed to providing at least $10 million per year to fund various developmental projects in Zimbabwe in the next five years, the country’s ambassador to  Zimbabwe Ruth Huber said yesterday. She was speaking at a signing ceremony of an agreement on international co-operation which seeks to …

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Why you should formalise your MSME business

Is your small business operating formally or informally? What are the benefits and costs associated with formalising your micro or small enterprise? What are the challenges associated with formalising your business? BY CLIVE MPHAMBELA These are all very important questions, which are faced by the vast majority of micro small …

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Resolve dispute with Swiss investors: Envoy

Zimbabwe has to resolve its dispute with Swiss farmers, who lost their land under the fast-track land reform exercise, as well as undertaking reforms to create an attractive investment climate, an envoy has said. BY NDAMU SANDU Finance minister Patrick Chinamasa Speaking at the signing of an international co-operation agreement …

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