THE Cotton Company of Zimbabwe (Cottco) has officially entered voluntary corporate rescue proceedings, a move aimed at shielding the state-linked entity from total collapse.Advertisements According to a “Notice to Affected Persons” dated April 30, the board of the company adopted a resolution on April 29 to place Cottco under supervision in terms of the Insolvency…
DIESEL consumption increased by 20 percent, while petrol consumption declined by six percent in the first quarter of 2026 amid rising pump prices owing to the Middle East crisis, according to data from the Zimbabwe Energy Regulatory Authority (Zera).Advertisements This comes as the government has implemented deeper levy reductions on diesel than on petrol, while…
CAFCA is today set to commission its 1,2 MW rooftop solar plant in Harare, as it seeks to ensure a reliable power supply for its operations and reduce energy costs.Advertisements The US$1 million investment is part of the company’s efforts to promote sustainable manufacturing and reduce reliance on the already overwhelmed national energy grid. This…
ZIMBABWE Energy Regulatory Authority (Zera) chief executive officer Edington Mazambani says the country is transitioning toward electricity self-sufficiency. Speaking to The Financial Gazette Deputy Editor Tendai Kamhungira on the widely…
AFRICAN Sun is postponing its multi-million dollar refurbishment and rebranding of the Elephant Hills Resort to ensure the country has sufficient hotel capacity for the 2027 ICC Cricket World Cup.Advertisements The resort, a flagship property in Zimbabwe’s tourism capital, was originally slated to shut its doors in November 2026 for a massive 18-month overhaul. The…
ZIMTRADE has integrated artificial intelligence (AI) into its export development programmes as it moves to drive sustainable growth and improve the competitiveness of local businesses in global markets.Advertisements In its latest newsletter, ZimTrade said the initiative was a response to the growing shift towards digital trade, where data-driven solutions are increasingly shaping global commerce. “The…
ZIMBABWE is accelerating small and medium enterprises (SMEs) infrastructure development and funding, with nine projects nearing completion as part of ongoing efforts to integrate the sector into the mainstream economy.Advertisements Speaking after a cabinet meeting Tuesday, acting Information minister Mangaliso Ndhlovu said the initiatives are aimed at boosting productivity, formalisation and job creation in the…
ZIMBABWE’s domestic tourism sector recorded a significant jump in activity during the first quarter of 2026, with total trips increasing to an estimated 2,62 million, up from 1,94 million in the previous period, latest data shows.Advertisements According to the Zimbabwe Tourism Authority (ZTA), the growth signals a robust recovery and increased participation within the local…
RIOZIM shareholders have approved a major capital raise involving asset disposals, debt restructuring and debt financing as part of an immediate business turnaround plan.Advertisements At an extraordinary general meeting held on April 22, 2026, shareholders voted 100 percent in favour of all special resolutions. The Zimbabwe Stock Exchange (ZSE)-listed metal and mining company has been struggling…
ZIMBABWE is intensifying efforts to boost food security, with the government targeting an increase in irrigated land to 350 000 hectares from the current 257 000.Advertisements In an interview yesterday, the permanent secretary in the ministry of Agriculture, Obert Jiri, said irrigation development remained a key strategy to shield agricultural production from the effects of…
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