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Government avails forex for fertilizer chemicals

By |December 28th, 2017|Categories: Company, Headlines|

The Minister of Lands, Agriculture and Rural Settlement acknowledged the move  by the government to ease fertilizer shortage by providing  funds for the importation of raw material to meet the  required fertilizer production. He apologized for the inconvenience to the affected farmers and assured farmers that his ministry will work towards honoring its obligations. The current fertilizer production in the

Chiwenga and Mohadi swearing in today

By |December 28th, 2017|Categories: Headlines|

  Retired General Constance Chiwenga and Cde Kembo Mohadi will be swearing in today at the state house in Harare as the newly appointed Vice Presidents of Zimbabwe. These two were also appointed as as ZANU-PF Vice Presidents and second Secretaries. Herald 28 December 2017

PRESIDENT E.D MNANGWAGWA STATE OF THE NATION ADDRESS

By |December 21st, 2017|Categories: Headlines|

  While addressing the nation yesterday the president over emphasized on key issues on building the new Zimbabwe, which he said it would be based on honesty, transparency, accountability, and hard work. Among the key issues highlighted include, Zero tolerance to corruption, Council to stop illegal  parceling out land, The  promoting  of local industries, Free and fair 2018 elections, Re-engagement

BREAD PRICES REDUCED

By |December 19th, 2017|Categories: Headlines|

Speaking at the Buy Zimbabwe awards ceremony president E. D Mnagwagwa warned businesses to desist from hiking commodity prices unnecessarily.  Following a 10% hike in bread price over the weekend the government has ordered bakers to revert to the old bread price. Rosemary Siyachitema the executive director of the consumer council of Zimbabwe welcomed the move taken by government to

Gvt sets soya bean price at $610 per tonne

By |August 22nd, 2017|Categories: Headlines|

Government has set the price for soya beans to be financed under the Presidential Input Scheme during 2017 /18 season at $610 per tonne, 22% higher than the prevailing market price to encourage production of the oil seeds, Agriculture, Mechanisation and Irrigation Development Minister Joseph Made announced yesterday. The development comes at a time when the government is stepping up

Bakers Inn opens new bakery in Bulawayo

By |August 21st, 2017|Categories: Headlines|

Bakers Inn on Friday opened a half-a-million dollar bakery which will increase daily production output to 220 000 loaves per day from 120 000. Innscor chairperson Addington Chinake said the new production line at Belmont Industrial site will significantly ramp up daily production output. He added the new production line was in response to failure by the bread maker to

Dairibord interims results

By |August 11th, 2017|Categories: Headlines|

Dairibord Holdings reported its results for the half year ended June 30, 2017 showing reduced losses from what was recorded prior year comparative. The food and beverages company reported a loss of $845,313 for the period under review, down 55.45 percent from a loss of $1,897,500 reported prior year comparative. In a statement accompanying the results, Chairman Leonard Tsumba said initiatives to

FML publish circular to acquire NicozDiamond

By |August 10th, 2017|Categories: Headlines|

First Mutual has published a circular to shareholders with regards its plans to acquire the entire issued share capital of NicozDiamond Insurance Limited.  FML also plans to raise $17.25 million through a rights offer of 210,371,395 shares. Subsequent to the proposed NDIL acquisition, FMHL proposes to merge the operations of NDIL and TristarInsurance Company Limited.  An EGM will be convened

African Sun returns to profitability in HY17

By |August 9th, 2017|Categories: Headlines|

African Sun reported revenue growth of 17% to $21.01 million for the half year ended 30 June 2017.  The growth is attributable to an 8% percentage points increase in occupancy, from 37% to 45%. Local rooms sold increased by 21%, international by 33% and regional by 2%. The marginal increase in the regional rooms sold speaks to the weakening regional

Cost of living marginally up

By |August 8th, 2017|Categories: Headlines|

The Zimbabwe Revenue Authority says its $3.8 bln revenue target for 2017 will not be negatively affected by the suspension of backdated Value Added Tax on meals for non-resident tourists, an official has said. Finance and Economic Development Minister Patrick Chinamasa last week gave hoteliers relief on the $3 mln worth of back-dated Value Added Tax on meals charged on