News about Zimbabwe that you can use
Local firms should review their business models in response to the current challenges that the country is facing and prioritize crisis management to remain afloat, an industry expert has said.
(586 VIEWS)
Zimbabwe has registered a nearly five-fold increase in exports to the European Union to $153 million buoyed by diamond exports to Belgium and reengagement efforts between the southern African nation and the bloc, latest trade figures from the International Trade Centre have shown.
(591 VIEWS)
The Tsvangirai faction of the Movement for Democratic Change today said the wheels have virtually come off in Zimbabwe. President Robert Mugabe, who has been hopping from one jet to another, is no longer in control of the levers of State power. Instead, a shadowy, Mafia-like gang is now running the country.
(731 VIEWS)
A potential Malawian investor has set up a fund to inject $10 million into the country’s sole packaging glass manufacturer, Zimglass and negotiations for its takeover have reached advanced stages, its judicial manager has said.
(553 VIEWS)
Chinese energy company Chint Electric Company through its local partner Intratrek Zimbabwe says it expects to start work on its $750 million solar project in Gwanda in the second half of the year, an official has said.
(522 VIEWS)
Zimbabwe’s tobacco industry regulator has given players up to end of day today to submit presentations on how to reduce the wide discrepancy between contract prices and auction prices as concerns mount over the current pricing model of the golden leaf.
(2464 VIEWS)
NMBZ Holdings has posted a $1.6 million net profit for the full year to December compared to a loss of $3.3 million reported in prior year, buoyed by cost cuts and a good loan book despite a slight decline in interest income.
(421 VIEWS)
An auction of assets belonging to the country’s sole manufacturer of knitting yarn, Karina Textiles, which was placed under provisional liquidation two years ago after failing to raise new investment, failed to take off with no takers for the equipment, the liquidator has said.
(401 VIEWS)
