Business

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Agilitee Reorganises, Targets US$2 Billion Capital

Green-tech company Agilitee, which recently set up shop in Zimbabwe to manufacture electric vehicles and other green energy products, has re-organised its structures as it angles to raise US$2 billion through a global capital raising roadshow. Demand for electric vehicles, which do not use fuel, is surging, as the global …

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Is Africa The Next Big Beverage Alcohol Market?

Africa is home to 16% of the world’s population but consumes just 5% of the world’s beverage alcohol. That low per capita consumption translates into considerable potential. A hot climate might be expected to exaggerate the demand for beer and big brewers are investing for the future. The IWSR’s figures …

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Binga Folks Eke Out A Living On The River Of Dreams

LUCKY Mugombe (23) and his friend Emmanuel Mudenda (21) sit around a fire near the Zambezi River in Binga’s Simatelele village as they warm themselves on a winter morning. The two fishers have endured a cold night on the perilous Zambezi which has now become their second home. It is …

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Outcry As Harare Loses US$7.5mln Monthly To Space Barons

By Daniel Kachere Harare Metropolitan Province is losing several United States dollars in revenue following the continued sprouting of space barons and operations of unlicensed businesses within the capital, Nhau has learnt. This is contained in a public notice issued by the Secretary for Provincial Affairs and Devolution, Tafadzwa Muguti …

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Dubai Pharmaceutical Company Eyes Zimbabwe

Global medical consumables manufacturing giant, Intrapharma, plans to set up a drug manufacturing plant in Zimbabwe before year end. The United Arab Emirates-based medical consumables manufacturer comes at a time when the Government is on a drive to lure investment and also trying to revamp the medical consumable industry. Its …

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Farmers Reject Govt Incentive

Local maize farmers are set to keep hold of their grain as they stand firm on their initial demand of being paid in United States dollar despite the government rolling out a US$90 incentive for early grain deliveries. On Tuesday the Cabinet agreed that farmers who deliver maize to the …

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UK Not To Copy EU Demand For Common Charging Cable

The UK government says it is not “currently considering” copying European Union plans for a common charging cable. The EU has provisionally agreed all new portable electronic devices must, by autumn 2024, use a USB Type-C charger, a move it says will benefit consumers. Critics say it will stifle innovation. …

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