Thursday, November 15, 2018
George Maponga MASVINGO - Feasibility studies on the irrigation land-use pattern using Tugwi-Mukosi Dam water have been completed with a Cabinet thumbs up to the plan expected to pave way for the developing of more than 25 000 hectares in southern parts of Masvingo using the reservoir’s water. Tugwi-Mukosi-the country's largest...
    Walter Nyamukondiwa SELOUS – Platinum mining giant Zimplats has shelved the $131 million refurbishment of its Selous base metals refinery (BMR) to pave way for the setting up of a national refinery to be used by all mining companies. The move has been welcomed by government as advancing its beneficiation and...
HARARE – Agro-focused group TSL Limited registered a 4 percent upturn in revenue for the six months to April 30, 2018 to $24, 6 million from $23, 6 million in the prior comparable period. This was on the back of a “satisfactory” agricultural season. At $3, 5 million, operating profit was 27...
Michael Tome HARARE – Zimbabwe’s pensions industry aims to increase insurance penetration ratio to 20 percent from the current 4 percent by 2020. This is one of deliverables set for the insurance sector by the Transitional Stabilisation Program (TSP). Notable among the insurance industry’s goals include regulation and supervision of medical aid...
Michael Tome HARARE - Zimbabwe should identify and establish long term economic potential areas for the country to realise a robust economy from now going into the future. This is not a new concept in building economies as it has been undertaken in Latin America and East Asian countries. Zimbabwe has great...
HARARE - The port of Beira, central  Mozambique, is going to double the containerized cargo handling to 700  000 tons for the neighbouring countries that use the infrastructure, the  concessionaire, Cornelder said on Monday. Commercial manager, Jan de Vries told a local television station that  the increase resulted from the...
Kudakwashe Mhundwa HARARE - Nearly half of sugar cane in the country has been processed to date, latest figures from the Commercial Farmers (CFU) Union show. This comes as Zimbabwe’s sugar production is projected to increase by 17 percent to 460 000 metric tonnes in the 2018/19 season, mainly due to...
Sibongile Maruta HARARE – Zimbabwe’s cigar wrapper tobacco crop has continued to be popular with farmers with 24 500 kilogrammes having been produced during the 2018 marketing season. The high value tobacco brand is being grown in Burma valley where there are favourable conditions. The crop is being funded by Von Eicken,...
Michael Magoronga MIDLANDS - Simbisa Brands, owners of popular fast foods outlet, Chicken are set to open a branch in Gokwe. Simbisa Brands Southern Region Operations Manager, Mr Xolisani Gama confirmed the development saying it has been necessitated by an overwhelming turnout of Gokwe customers to their Kwekwe branch. “There are a...
Enacy Mapakame HARARE - Sugar industry sales on the domestic market increased 11 percent to 334 000 tons in the year to 31 March 2018 from 301 000 tons in the prior year, thanks to regulations limiting imports. The local sugar industry is benefitting from the Statutory Instrument 64 of 2016...