Tuesday, December 11, 2018
In this day and age, when one walks into a big company be it a bank or any recognised organisation you are greeted by a painting or a sculpture at the reception. Undoubtedly this draws one’s attention as it seems to stand out of the rest. In addition, it creates...
Enacy Mapakame Listed insurance group, Fidelity Life Assurance will proceed with its Langford Estate development as scheduled in spite of the ongoing shareholder dispute at the former land owners, CFI Holdings. Fidelity acquired Langford from CFI Holdings in a land for debt swap deal. The insurance firm intends to develop...
The quest for recovery After five consecutive years of economic slowdown the economy is now on the rebound. It is expected to grow by 3.7 percent in 2017 against the initial target of 1.7 percent and previous year growth rate of 0.7 percent, driven by the performance of agriculture,...
Martin Kadzere The Infrastructure Development Bank of Zimbabwe intends to invest as much as $200 million in developing “green” projects in the renewable energy with combined generation capacity of about 130 megawatts, IDBZ director (Infrastructure projects) Desmond Matete has said. The projects, at different stages of feasibility studies and preparation...
Government will continue to avail various protective measures to the local industry, albeit noting that it has contravened some of its obligations to regional trading blocs. Finance and Economic Planning Minister Patrick Chinamasa highlighted in the 2018 national budget that as a signatory to the SADC Trade Protocol, Zimbabwe...
Mamvura’s Market Minute When Nicoz disappears from the Zimbabwe Stock Exchange following the First Mutual Limited action, we will be down to 58 active companies and two suspended. Colcom too will be de-listed after its shares have been swapped for Innscor, which itself has been the largest creator of new...
Africa Moyo Increasing the electricity tariff is not ideal at the moment as that would worsen the country’s competitiveness position, the Zimbabwe National Competitiveness Report (ZNCR) 2017 shows. This comes as Zesa is pushing for a tariff increase of up to 49 percent from the current average tariff of USc9,86 per...
Taurai Mangudhla An alleged impasse pitting two major creditors of Zimbabwe Stock Exchange-listed timber firm, Border Timbers and its administration manager has stalled the group’s plans to quickly exit judicial management. The timber producer and processor’s efforts to come out of judicial management are taking longer than anticipated, 10 months after...
Herbert Zharare Bulawayo used to be the country’s industrial hub. Proprietors of many businesses as recent as 2000, used to flock to Bulawayo for heavy equipment, plant and equipment repairs and machining. The major railway line linking port cities in South Africa and major markets up north of Africa, coincidentally passes...
Enacy Mapakame Powerspeed Electrical Limited’s profit after tax jumped 140 percent to $1,091 million from $0,454 million achieved last year on improvements in volume and revenue. Total revenue rose 30 percent to $53,9 million from $41 million achieved in the prior year while gross margins rose at a slower rate...