Listed spirits and wines maker, African Distillers (Afdis), has recorded a 56 % volume growth backed by recently introduced Gold Blend Number 9 whisky among other factors. In a recent trading update for the period ended June 30 2021, Afdis company secretary, Lydiah Mutamuko said the company registered a volume …
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A week of violence that has engulfed South Africa slowly began to ebb on Thursday, and people counted the cost of an orgy of arson and looting that has destroyed hundreds of businesses and killed at least 70 people. Looting continued in parts of the eastern port city of Durban, …
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The Zimbabwean economy will lose up to 25 million US dollars if the ongoing riots in South Africa continue for another week. This is according to Takunda Mugaga, president of the Zimbabwe National Chamber of Commerce (ZNCC). Speaking to the SABC in Harare, Mugaga said disruptions of routes into Zimbabwe …
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By Robson Maenzanise Tile Essentials, run by shrewd businessman Spencer Madziya, is taking huge strides in the construction industry after successfully opening another high-end showroom in Eastlea despite the negative impact of Covid-19 on the Zimbabwean economy. The company, born out of Tiles For Africa, has become one of the …
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The Reserve Bank of Zimbabwe (RBZ) has introduced a new $50 dollar note, which goes into circulation tomorrow. RBZ Governor Dr John Panonetsa Mangudya announced the development through a press statement Tuesday afternoon. “The RBZ (the Bank) wishes to advise the public that the ZW$50 bank note issued on July …
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The Daily Sale Shop, owned by Bulawayo-based entrepreneur Kuda Manzanga has taken online shopping by storm. Running on the website, www.theweekendsale.shop, The Daily Sale Shop is one of the largest online shops in Zimbabwe with over 10 000 products across a wide range of commodities. It was launched in November …
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Retail giant OK Zimbabwe is no longer accepting payments in United States dollars effective Saturday, Nhau has learnt. Nhau visited three different branches in Harare and witnessed those opting to pay with the greenback being turned away from the till points. An insider who preferred anonymity said their manager relayed …
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Strive Masiyiwa and wife Tsitsi Masiyiwa A telecoms tycoon whose family fled unrest in Zimbabwe, who took on Robert Mugabe in order to start his businesses, and who is now helping to provide Covid vaccines to Africa, has been named as Britain’s first black billionaire. London-based Strive Masiyiwa, 60, has …
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By Pretiosa Chimuti Farmers have been urged to take heed of the likely risk of veld fires that might destroy their crops following high expectations of a bumper harvest in the country. Minister of Environment, Climate Change, Tourism and Hospitality Industry,Mangaliso Ndlovu warned farmers about the imminent losses due to …
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By Rutendo Mapfumo The Minister of State for Provincial Affairs and Devolution, Richard Moyo yesterday blasted mines operating in Hwange accusing them of not doing enough for the community through corporate social responsibility (CSR) programmes. Following President Emmerson Mnangagwa’s vision of an ambitious US$12 billion dollar mining economy by 2023, …
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