NEW coal and chrome export markets are set to boost mineral sales and generate additional foreign currency earnings for the country, authorities have said. Minerals Marketing Corporation of Zimbabwe (MMCZ) general manager Nomusa Moyo said the new markets would expand the country’s customer base and create opportunities to increase export revenue. “We have already made…
AS Zimbabwe intensifies efforts to strengthen national food reserves ahead of the El Niño-induced drought, the Agricultural Rural Development Authority (ARDA) has delivered more than 187,000 tonnes of summer cereals…
Jackson T. Mashinge IN an increasingly competitive business environment, organisations are under pressure to deliver services faster, reduce operating costs, improve accuracy and make better decisions. Process automation through data…
GODFREY NYONI THERE was a time when decisions about servers, software, and infrastructure belonged entirely to the IT department. The rest of the organisation provided requirements, and IT delivered solutions.…
INVESTORS should “selectively” buy shares of counters with strong cash generation and resilient operations amid an anticipated economic slowdown next year, investment analyst FBC Securities has said. The securities dealing firm further called for caution despite the ongoing broader market rally, which has seen the ZSE All Share Index rise 13 percent during the third…
TANGANDA Tea Company is seeking shareholder approval to delist from the Zimbabwe Stock Exchange (ZSE) and list on the Victoria Falls Stock Exchange (VFEX). In a circular to shareholders, the company said the proposed migration would align its listing currency with its predominantly US dollar-denominated, export-oriented business. The move is also expected to reduce trading…
FIDELITY Life Assurance of Zimbabwe is broadening its product portfolio to reduce reliance on its Vaka Yako plan, as elevated claims contributed to a sharp decline in half-year earnings. The Vaka Yako product, which is linked to residential stand development, has become a dominant contributor to the insurer’s business, exposing the group to concentration risk.…
EAGLE Real Estate Investment Trust (REIT) is banking on its Victoria Falls projects, which include a hospital, short-stay apartment and a hotel, to drive the company’s long-term growth. The Victoria Falls Stock Exchange-listed development REIT targets investments in tourism and hospitality, healthcare, retail and residential property. Asset manager Bevin Ngara said development at the Trust’s…
RIOZIM shareholders have unanimously approved the proposed disposal of Renco Mine for at least US$35 million paving the way for the transaction aimed at reducing the miner’s debt burden and stabilising its remaining operations. At an extraordinary general meeting held virtually last week Wednesday, shareholders voted 100 percent in favour of the disposal of the…
ZIMPLOW Holdings (Zimplow) is stepping up efforts to diversify beyond agriculture by targeting mining and export markets to insulate operations from shocks. The agricultural machinery and equipment producer is already facing gloomy prospects this year from the threats of a super El Nino expected to dampen demand for its products. To ameliorate the situation, the…
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