AdvertisementsLONDON Stock Exchange-listed Kavango Resources PLC (Kavango) is set to strengthen its position in the metals exploration sector by acquiring a 45 percent stake in its drilling partner, Equity Drilling Investment, for US$22 500.Advertisements This acquisition aims to create a comprehensive supply chain solution for Kavango’s exploration activities in Zimbabwe. Through its local subsidiary, Kavango…
AdvertisementsTHE Competition and Tariff Commission (CTC) has shifted its focus to tariff assistance in an effort to bolster local industry and enhance competitiveness, particularly for businesses that rely on imported raw materials.Advertisements This initiative is designed to support local producers who face high duties at the border, which often undermine the competitiveness of their products…
AdvertisementsGWERU-BASED ferrochrome processor Zimbabwe Alloys Limited (ZimAlloys) says it is working on developing a 15-megawatt solar plant at its factory to alleviate the impact of power outages on its operations.Advertisements Once a dominant player in the country’s ferrochrome industry, ZimAlloys experienced a downturn at the turn of the millennium resulting in it being placed under…
Advertisements RETAIL giant OK Zimbabwe Limited (OK Zim) is strengthening its relationships with key suppliers to iron out conflict in base currencies of trade and prevent supply chain disruptions.Advertisements The country’s largest retail chain by store footprint, has lost significant market share due to the sprawling informal retail market as well as uncompetitive trading conditions…
AdvertisementsSEED-producer SeedCo Limited (SeedCo) plans to equip growers with irrigation infrastructure to ensure stable production amid ongoing climate change challenges.Advertisements The group endured a difficult year ending March 31, 2024, on the back of the El Nino-induced drought which saw its flagship crop, the maize seed sales volumes retreat by nearly a third of what…
AdvertisementsFINANCIAL services group CBZ Holdings (CBZ) says its lending portfolio increased by 3,7 percent during the half year (H1) to June 30,2024 in line with the borrowing appetite in most productive sectors of the economy. Advertisements CBZ’s loan book grew to ZWG4,76 billion in H1 2024 from ZWG4,60 billion at the end of 2023. The…
AdvertisementsNATIONAL Tyre Services Limited (NTS) says it will leverage on the rolling extensive road rehabilitation program aimed at improving infrastructure and enhancing road safety, potentially leading to increased vehicle traffic and demand for tyre services.Advertisements In 2022, the government declared the dilapidated roads a national disaster. Under the Emergency Road Rehabilitation Programme 2, it set…
THE Zimbabwe Building Contractors Association (ZBCA) says power supply shortages being experienced in the country have hindered the construction industry’s progress in making raw materials for the production and export…
AdvertisementsTHE Common Market for Eastern and Southern Africa (COMESA) has highlighted restricted market access as a major barrier to the growth of Micro, Small, and Medium Enterprises (MSMEs), undermining efforts toward regional economic integration. Advertisements MSMEs play a critical role in Zimbabwe’s economy, generating over 60 percent of economic activity and employing millions of people.…
AdvertisementsTHE Zimbabwe Investment Development Agency (Zida) is set to launch a matchmaking platform for small and medium enterprises (SMEs) by the end of the year.Advertisements The platform aims to enhance connectivity and collaboration among SMEs to drive investment and growth. Speaking at the Zida Annual Stakeholders’ Strategy Input Forum, chief executive, Tafadzwa Chinamo, confirmed that…
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