Business

Giant clothing firm Jet Stores opened a new branch in the mining town of Hwange, Friday. It becomes the second branch In Hwange district after the one located in Victoria Falls. The clothing entity, a subsidiary of Edgars Stores is on an expansion drive throughout the country after recently opening …

Hundreds of small scale farmers yesterday thronged the Tabudirira Vocational Centre in Mutoko where President Mnangagwa commissioned a fruit and vegetable processing plant which is expected to contribute to crop value addition in line with Vision 2030 supported by the National Development Strategy 1. The plant, which was funded by …

South African food and beverage maker Pioneer Foods has recalled its Ceres apple juice brands sold in seven Comesa markets, including Kenya and Uganda. The recalled brands were found to contain high levels of patulin, a fruit-based mould toxin that causes nausea, vomiting and gastrointestinal disturbances. Common Market for Eastern …

Captains of industry this week pressured the Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya to consider abandoning the ‘inefficient’ Dutch foreign currency auction system or do an overhaul of the system. Local businesses also suggested the return of the interbank system to allocate foreign currency in the economy. The …

The annual Mashonaland Central Agricultural show roared into life yesterday at Bindura showgrounds and will run until this Saturday. Running under the theme, “Enhanced Agricultural Productivity, the driving force to economic development,” the show is hosting about 140 exhibitors amongst them government departments, agro equipment and fertilizer manufacturers, NGO’s and …

Almost four years after it last traded on the Zimbabwe Stock Exchange, CFI Holdings made a return to the market on Monday. The share was suspended in January 2018 for violating listing rules. The violations were a sign of deeper problems at a company that could have been great, but …

Africa, with its internationally recognised musical talent – and growing mobile phone use – is central to Swedish music streamer Spotify’s (SPOT.N) plans to extend its reach to a billion customers. As African artists such as Nigeria’s Burna Boy and South Africa’s Black Coffee are streamed across the world, the …

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday said his meeting with business this morning is not a witchhunt, but an effort by authorities to grasp the root cause of the prevailing pricing madness. The all-stakeholder forum to be attended by representatives of retailers, producers, wholesalers and everyone …

Vice President Constantino Chiwenga will have little time to spare during his brief stay in Dubai, the United Arab Emirates (UAE), due to a packed programme of events running from today until Friday. Finance and Economic Development Minister Professor Mthuli Ncube, Mines and Mining Development Minister Winston Chitando, Lands, Agriculture, …

President Emmerson Mnangagwa yesterday stuck with the 7,8% growth projection announced by the Ministry of Finance in July, as he opened the fourth session of the ninth parliament, defying recent inflation surges and volatile black market foreign currency exchange rates. Mnangagwa said he will sign 42 Bills into law during …