Johanne Masowe venture into fish farming

Johanne Masowe venture into fish farming 1

On Mar 18, 2019 16,776 0 Members of the Johanne Masowe of Vadzidzi VaJesu in Mazowe North have ventured into a thriving fish farming project. They now boast about 500 000 tilapia breams since last year, heightening hopes of employment creation in the area. In an interview, the project chairperson Mr Nomore Chinyandura said: “We have about 500 000 fish in the ponds though we are still grappling with a number of challenges in regard to feed and security. “Our main goal is to support President Mnangagwa’s vision which entails…

Read More

$500 000 for GV8 furniture complex

$500 000 for GV8 furniture complex 2

By Maxwell Tapatapa Harare City Council will inject $500 000 for the refurbishment of the Glen View Area 8 home industry complex which was gutted by another fire last week. Glen View 8 Complex in smoke Harare Mayor Councillor Herbert Gomba revealed the package after touring the complex to assess the damage caused by the fire. Addressing entrepreneurs at the premises, Cllr Gomba said the money will be drawn from the beer levy to refurbish and expand the complex which has been razed by fire at least 13 times in…

Read More

Women’s bank keeps tight leash on non-performing loans

Women’s bank keeps tight leash on non-performing loans 3

By Idah Mhetu THE Zimbabwe Women’s Microfinance Bank (ZWMFB) has disbursed loans worth close to RTGS$4 million having opened over 50 000 accounts nationwide, since it started operating June last year, with Midlands topping the list officials said last week. ZWMFB chief executive officer Mandas Marikanda told a familiarisation tour of the bank by the Women Affairs and Small to Medium Enterprises Parliamentary Portfolio Committee that the Midlands had disbursed over RTGS$1 million thus far. “We have opened slightly below 50 000  accounts these are spread across all sectors and…

Read More

Mthuli Ncube Writes: Why Zimbabwe is On The Path to Progress

Mthuli Ncube Writes: Why Zimbabwe is On The Path to Progress 5

By Hon. Prof Mthuli Ncube Mthuli Ncube Zimbabwe is on a journey of reform. Nobody ever said it wouldn’t be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction. The Transitional Stabilisation Programme (TSP), the first step of government’s economic reform programme, was launched in October 2018. Its goal was clear: To stabilise the economy, attract investment and lay the foundation for shared and sustained growth. The overall picture so far is one of cautious optimism, largely…

Read More

IDBZ to scale up capital base to US$1 billion through partial privatisation

IDBZ to scale up capital base to US$1 billion through partial privatisation 8

17th March 2019 Business, Companies By Alois Vinga THE Infrastructure Development Bank of Zimbabwe (IDBZ) has embarked on medium term recapitalisation programme targeting US$1 billion through partial privatisation in a development that will see the bank being capacitated to undertake demanding projects. A notice published in a recent Government Gazette says that the IDBZ is targeting a US$500 million in the short to medium term and US$1 billion in the long term. The bank is also working towards bringing on board strategic investors who are aligned to its developmental mandate…

Read More

Private investors welcome to venture into power related projects, Gumbo

Private investors welcome to venture into power related projects, Gumbo 9

By Alois Vinga ENERGY Minister, Joram Gumbo says private investors are welcome to venture in power related projects in a move that could see the country leapfrog in its bid to establish a US$8 billion worth energy infrastructure needed to address the nation’s power deficit. In a speech read on his behalf by his deputy at a recent Zimbabwe Infrastructure Summit, Gumbo said government alone does not have capacity to raise enough capital to put in place the required infrastructure to end the nation’s power woes. “With the cost of…

Read More

‘Multichoice SA to cut off pirate decoders’

‘Multichoice SA to cut off pirate decoders’ 11

On Mar 16, 2019 14,544 0 By Nokuthaba Nkomo Multichoice Africa has urged DSTV customers to subscribe in their respective countries as rights for programming and channels are cleared for specific countries. MultiChoice Zimbabwe This comes amid allegations that Multichoice South Africa will be shutting down pirate decoders operating outside the country using a newly-installed geo-location system. The system was reportedly going to detect all decoders being used outside South African territory and close them as viewing them is said to be illegal. Related Articles Multichoice Zimbabwe’s public relations and…

Read More

Innscor records $64m profit

Innscor records $64m profit 12

Innscor Africa Limited (Innscor) recorded a 167 percent increase in profit to $64,011 million for the six months ended December 31, 2018 compared to a $23,963 million recorded in prior period driven by double-digit volume growth across all categories. Simbisa Brands runs Chicken Inn, Pizza Inn, Baker’s Inn, Fish Inn, Nandos, Steers and Creamy Inn. The company employs about 3 000 workers countrywide in Zimbabwe. Addington Chinake, Innscor’s chairperson, said revenue was up 61 percent to $489,893 million for the period under review compared to $304,806 recorded in prior period.…

Read More

LATEST: ZDF Commander Flies Out With Mnangagwa To Dubai | MILITARY PRESENCE NEEDED TO SIGN DUBAI DEALS?

LATEST: ZDF Commander Flies Out With Mnangagwa To Dubai | MILITARY PRESENCE NEEDED TO SIGN DUBAI DEALS? 13

If our services have assisted you, our work would be much more secure with your help – For as little as £5, you can support ZimEye – and it only takes a minute.  To receive news updates daily, enter your email address Enter your email address: – INSTANT NEWS UPDATES – Breaking News delivered to your mailbox Source: Zimeye

Read More

What’s In A Name? Enter The RTGS Dollar.

What’s In A Name? Enter The RTGS Dollar. 15

The Zimbabwean bond notes, now regulated as RTGS Dollars Own Correspondent|Late in February, Zimbabwe introduced a new currency called the RTGS, or real-time gross settlement dollar, in the process abandoning its long held 1:1 parity between the US dollar and its local transactional instrument – the bond note. “We have introduced the RTGS dollar. Citizens have to accept the introduction of the RTGS dollar. Whether you like the name or not, it is the domestic currency now – let’s respect it and support it,” Finance and Economic Development Minister Mthuli…

Read More