Buy Zimbabwe urges inclusive research on expenditure patterns

Buy Zimbabwe urges inclusive research on expenditure patterns 1

By Alois Vinga BUY Zimbabwe (BZ) chief executive, Munyaradzi Hwengwere has urged government and other key stakeholders to conduct detailed research which will reveal the amount of money going towards purchasing locally manufactured products. Speaking at a function held to discuss issues affecting the uptake of locally manufactured products recently, Hwengwere underscored the need to depart from basing on generalised details to the more specific details. “We need to work on the exact numbers and see where we are by establishing how much exactly is spent locally out of the…

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Zim’s refined platinum production up 1 percent

Zim’s refined platinum production up 1 percent 3

By Alois Vinga ZIMBABWE’s refined platinum production went up 1 percent in the first quarter of 2019, the World Investment Platinum Council (WIPC) 2019’s first quarter report has revealed. According to the council, supply of refined production went up 1 percent in the first quarter of 2019 up from minus 3 percent recorded in 2017. Internationally, the supply of refined platinum for the first quarter production rose 18 percent in the first quarter of 2019. “South African output climbed by 21 percent year-on-year basis while smaller increases in output also…

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ZSE pardons listed firms for failure to comply with IAS standards

By Alois Vinga THE Zimbabwe Stock Exchange (ZSE) has pardoned all listed companies which did not comply with the requirements of International Accounting Standard (IAS) during presentation of its latest financial results. ZSE appreciated the failure was triggered by government’s policies and was beyond their control. The equities market chief executive, Justin Bgoni announced recently that under normal circumstances, such failures were bound to be treated as adverse opinions which deserved to be presented for deliberation before a special tribunal but after considerations, listed companies will be pardoned because most…

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Over 300 Chinese business and leisure tourists to jet into Zimbabwe

Over 300 Chinese business and leisure tourists to jet into Zimbabwe 5

By Alois Vinga OVER 300 Chinese business and leisure tourists are expected in the country this Thursday in a development indicating significant recovery of the country’s hospitality sector. Briefing the media on the landmark visit Wednesday evening, Tourism Minister Prisca Mupfumira said the visit was clear testimony efforts to revive the sector were beginning to bear fruit. “We are here to witness yet another milestone in our relationship that will see an historical group of over 343 Chinese business and leisure tourists arriving in our beloved country after touring Djibouti…

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Zimbabwe targets Chinese tourism market

Zimbabwe targets Chinese tourism market 7

10th May 2019 Business, Markets By Audience Mutema ZIMBABWE has set its sights on tapping into the Chinese tourism market after opening a dedicated office in the Asian economic behemoth. The office manned by the Zimbabwe Tourism Authority was officially opened by Minister Priscah Mupfumira during a recent visit. Aimed at facilitating the growth of the sector, Mupfumira signed a memorandum of understanding with the Touchroad International Holdings Group a Chinese company with interests in tourism. Mupfumira said Zimbabwe was looking forward to more Chinese nationals visiting the country. “This…

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Apiculture farmers urged to target foreign markets

Apiculture farmers urged to target foreign markets 9

By Alois Vinga NATIONAL Trade and Development Agency, Zimtrade has called on Apiculture farmers in Zimbabwe, to target exporting honey to the European Union markets, where demand for the product is very high. The State trade agency said this would also give the farmers access to foreign currency. In a statement, the export facilitation organisation said there is an opportunity for Zimbabwe to tap into given demand for honey and bees wax for industrial use across the world. “In 2017, the United States of America was largest importer for honey…

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ZITF 2019 ends on a high

Bulawayo Correspondent The 60th edition of the Zimbabwe International Trade Fair (ZITF) ended in Bulawayo on Saturday with preliminary survey results indicating that 90 percent of the exhibitors established new business links during the five-day business showcase. Addressing journalists on Saturday, Industry and Commerce Minister, Mangaliso Ndlovu said in terms of quality products and attendance, this year’s event was highly successful. “From all accounts, ZITF 2019 has been a highly successful show in terms of the quality of products on show, attendance numbers and the level of nation-building discussions that…

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Chance for Zim to woo Middle East investments into mining

By Staff Reporter INVESTMENT group, Emergent Capital Management, through its events management arm, Financial Markets Indaba (FMI) will host a mining investment conference positioning Zimbabwe as an investment destination of choice in the UK from June 25-26. While for years the group has hosted conferences focusing on Africa, Europe and the North America, this year’s indaba shift attention to the Gulf according to organisers. In a statement, FMI said the Arab and Africa Mining Conference provides players in thesector who are targeting projects in Zimbabwe. “This is a change from…

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ZITF opens with Harare firms dominating annual showcase

23rd April 2019 Business, Markets By Business Reporter The 60th edition of the Zimbabwe International Trade Fair (ZITF) opens in Bulawayo this Tuesday with Harare firms dominating the country’s premier business exhibition. This was revealed by ZITF Company board chairperson Ruth Ncube while briefing journalists in Bulawayo Monday. A record-breaking subscription at 532 direct local exhibitors and 16 countries are participating. In terms of geographical mix, 55 percent of confirmed local exhibitors are from Harare, 25 percent from Bulawayo, 15 percent (other towns) and five percent from the international sector.…

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Ncube promises to resolve tobacco farmers’ grievances

Ncube promises to resolve tobacco farmers’ grievances 13

By Anna Chibamu FINANCE Minister Mthuli Ncube has pledged his immediate attention to concerns raised by tobacco farmers who are stranded at most of the tobacco auction floors in Harare. Ncube told alongside the Zimbabwe 39th Independence Anniversary last Thursday that the issues raised by farmers were genuine. He said he would soon make a follow-up with local banks to make sure that the farmers’ grievances are resolved and they return to their farms or communities without any further payment delays. Farmers who spoke to the Parliamentary Committee on…

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