Dairibord intensifies export visibility

DAIRIBORD Holdings (Dairibord) says it is aiming for low-cost collaborations to intensify the visibility of its products in export markets. The country’s largest dairy processor has committed to achieving above average top line growth, driven by an increased focus on domestic and export markets, improved product availability and an optimised route to market. In the…

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Huge crowd for Hippo Valley Croco Golf Day

AT LEAST 64 golfers from Masvingo, Harare, and Bulawayo battled it out at the Croco Motors Golf Day held at Hippo Valley Golf Club in Chiredzi over the weekend. The Croco Motors Golf Day, which is mainly organised for its clients, returned to the local golfing scene this year after a long break occasioned by…

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Proplastics maintain cautious outlook

PIPING products manufacturer Proplastics says it remains optimistic about growth despite mounting economic and political concerns. This comes as analysts foresee a fragile political and business operating environment as the country draws closer to elections. “We are positive besides the anxiety that is associated with an election, particularly in Zimbabwe, we remain positive, that is…

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NHS in recapitalisation drive

  THE National Handling Services Zimbabwe (NHS) has embarked on a recapitalisation drive aimed at service delivery improvements. This follows the commissioning of the expansion project at the Robert Mugabe International Airport earlier this month, which is expected to boost air traffic into the country. “In pursuit of service delivery, the company has embarked on…

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TAX MATTERS: A drift to the law of payment of taxes in forex

OPERATING  in a multicurrency environment is a hectic experience, fiscal and monetary policy measures keep getting revised and improved in a bid to stabilise the economy. The need for the policy maker to keep engaging with its citizens is also exasperated when the economy is charactersised by hyperinflation. During the preceding two months, we have…

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Econet plans to spend US$135mln on capex

ECONET Wireless (Econet) says it plans to invest US$135 million in its capital expenditure programme over the next 12 months. The country’s largest telecommunications company says the capital expenditure programme continues to be constrained by lack of availability of foreign currency to pay suppliers. “The company continues to witness an increase in demand for its…

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Delta’s maize contract hectarage up 150pct

DELTA Corporation (Delta) says it expanded its maize contract farming scheme by 150 percent to 5 000 hectares last year, which will cover more than half of the business’s needs. The country’s biggest brewer and beverage manufacturer relies on agricultural crops to brew its beers and as sweeteners for its soft drinks. “In Zimbabwe, we…

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Huge crowd for Croco Ford ‘Show and Tell Event’

Croco Ford Zimbabwe attracted huge traffic to its Ford ‘Show and Tell’ event over the weekend in a bid to market the latest Next Gen Ford Ranger and Everest among other vehicles. The event was held at Croco Commercial Newlands Branch. The ‘Show and Tell’ event gave customers and the general public an opportunity to glean…

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Industry is set on working with government

BUSINESS is committed to continuing to work closely with authorities and other key stakeholders, to help find lasting solutions to the country’s economic challenges. Speaking to The Financial Gazette this week, captains of commerce and industry also fended off accusations that many businesses were maintaining prices above current inflation and exchange rate levels. The president…

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Zimbabwe targets higher-yielding tobacco varieties

EVEN as the country closes in on an all-time record of tobacco output, the government has tasked the Tobacco Research Board (TRB), now rebranded to Kutsaga, to come up with higher-yielding varieties for the crop. Sales for the ongoing 2023 marketing season are hovering around the 290 million kilograms mark, surpassing the previous record of…

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