Retail giant, OK Zimbabwe released its financial results this week at an analyst briefing where the company’s profit after tax ballooned 174,6% to $16,6 million during the period ended March 2018 from $6 million recorded the prior year. The...
The Tobacco Research Board (TRB) is in the process of developing a new hybrid of cigar wrappers as it seeks to boost the golden leaf industry. TRB’s head of plant breeding division Frank Magama told NewsDay in emailed responses to...
The business community appears to have lost confidence in President Emmerson Mnangagwa’s new political dispensation, with the latest Confederation of Zimbabwe Industries (CZI)’s composite Business Confidence Index (BCI) indicating a negative trajectory, particularly in the first quarter of this...
The politically well-connected Cypriot Pouroulis family - which is close to President Emmerson Mnangagwa - and is associated with speculation in mining has hit the jackpot in Zimbabwe. After clinching a dodgy US$4,2 billion platinum investment deal with government in...
The local fertiliser industry needs $120 million in foreign currency to meet this year’s demand of 600 000 tonnes of fertiliser. Chemplex Corporation Limited chief executive officer, Tapuwa Mashingaidze said the local industry had the capacity to produce fertiliser locally,...
WE HAVE RECOVERED LARGE GEMS : ZCDC There is fresh hope for local diamond mining after the Zimbabwe Consolidated Diamond Company (ZCDC) started extracting ‘tennis ball-like diamonds,’ including a 23 carat gem quality and a 65 carat near-gem from its...
$5,2 BILLION COAL PROJECT NOT PIE IN THE SKY : GOVT WORK on the $5,2 billion coal-to-fuels project, born out of the tie-up between Government and a Canadian investor, is expected to begin immediately after the ground-breaking ceremony on June...
Confederation of Zimbabwe Industries (CZI) has said the $100 million British package will give fresh impetus to industry, which has been battling to access credit lines. Yesterday, Standard Chartered Bank announced that it was partnering with CDC Group PLC...
National Assembly Speaker Jacob Mudenda has said the new company law currently being formulated will remove bottlenecks to mergers and takeovers. Speaking at the CEO Africa Roundtable breakfast meeting in the capital yesterday, Mudenda said it was painful that the...
The carte blanche to lawfully grow 'weed' has attracted huge interest from bona fide overseas investors and locals. Forget the 'for medicinal purposes' clause, cannabis has been legalized, period. Some not so gentle youths and a few elders have smoked...

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