Freedom Mashava, Visuals Editor

Twine & Cordage eyes regional dominance

TWINE and Cordage Group, an agro-processing company, is pursuing a fresh growth path to reclaim its place as a leading player in regional manufacturing.Its turnaround strategy hinges on technology upgrades, operational efficiency, and new strategic partnerships. Chief executive Terrence Chimanya said the company’s five-year plan, “Project Phoenix”, is designed to revitalise operations, raise production, and…

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Qatari Sheikh to buy19,9% Invictus stake

A MEMBER of the Qatari royal family, Sheikh Mansour Bin Jabor Bin Jassim Al Thani, is acquiring a 19,9 percent stake in Invictus Energy through his investment firm, Al Mansour Holdings.This comes as the Sheikh has been on a tour across Africa, meeting heads of state and pledging billions in investments.This week, Al Mansour promised…

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Cottco targets ZSE return

MUTAPA Investment Fund (MIF), a major shareholder in the Cotton Company of Zimbabwe (Cottco), plans to resume trading in the company’s shares on the Zimbabwe Stock Exchange (ZSE) next year.Cottco voluntarily suspended trading its shares in November 2014 due to its inability to settle debts totalling approximately US$56 million.This largely resulted from its failure to…

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ZIFA appoints new CE

THE Zimbabwe Football Association (ZIFA) has appointed Yvonne Mapika Manwa as the new chief executive officer with effect from next month. The media shy- Manwa took over the role which was left vacant following the expiration of Joseph Mamutse’s contract in August this year. In a statement today, Zifa Normalisation Committee Chairperson Lincoln Mutasa said…

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NTS eyes growth next year

NATIONAL Tyre Services Limited (NTS) is one of the country’s biggest tyre firms, leveraging on improved stock availability and a wide branch network. The Financial Gazette’s Freedom Mashava (FM), interviewed NTS managing director Benson Samudzimu (BS) to discuss the company’s performance and impact of the Covid-19 pandemic, among other issues. FM: How did the company…

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Retailers urged to digitalise operating systems

The Confederation of Zimbabwe Retailers (CZR) has urged businesses to incorporate and embrace digitalisation in their models to enhance customer experience. CZR president Denford Mutashu said in these “new normal” times it was important for retailers to embrace digital platforms and promote online presence. “I understand that many retailers in the country have implemented technology…

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The all-new Nissan Navara, a definition of comfort

THE all-new Nissan Navara launched in Harare last week is a fusion of comfort, smartness and a marvel for car enthusiasts. Speaking during the vehicle launch, Nissan marketing director Stefan Haasbroek said the new model manufactured in Africa, specifically for the continent’s conditions, delivers an enhanced level of safety, comfort and driving pleasure. “This new…

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Meikles abandons mining plans

MEIKLES Limited (Meikles) no longer intends to pursue mining activities, as the group focuses on the retention and consolidation of its investments in the supermarkets, hospitality, properties and security services segments. This comes as the Zimbabwe Stock Exchange-listed conglomerate has said it plans to unbundle and separately list Tanganda Tea Company before year-end, as part…

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ARDA exploring export markets for cannabis

THE Agricultural Rural Development Authority (ARDA) says it is at advanced stages of exploring export markets for cannabis and industrial hemp. The government first announced plans to introduce industrial hemp farming in 2018 but met lukewarm interest due to steep licensing fees and other strict production conditions, which included a requirement to partner a government…

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