newsupdates

newsupdates in zimbabwe

The Chronicle BUDGET airline, Fastjet, on Thursday launched its inaugural flight between Zimbabwe and Botswana via the resort city of Victoria Falls to Maun in the neighbouring country. Flights between Maun and Victoria Falls will be available on Tuesday, Thursday, Saturday and Sunday using an Embraer ERJ145 aircraft. “Our inaugural flight lands in Maun, Botswana,…

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The Chronicle Patrick Chitumba, Midlands Bureau ChiefYEAST manufacturer, Lesaffre Zimbabwe, has to date channelled US$13 million towards upgrading its plant and equipment, which has helped the company increase production capacity. The company seeks to expand its operations into more Southern African Development Community (Sadc) countries after successfully entering the Zambian and Malawian markets. Currently, the…

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The Chronicle Business Reporter BULAWAYO businessman, Mr Bulisani Tshuma of Membar Investments, a recipient of the Zimbabwe National Chamber of Commerce (ZNCC) Matabeleland 2021 Businessman of the Year, says the accolade is a massive endorsement of his business acumen by his peers. At the recently held ZNCC annual regional awards held in Bulawayo, Mr Tshuma…

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The Chronicle Nqobile Bhebhe, Senior Business ReporterFINANCIAL services group, NMB Zimbabwe, yesterday launched a $13.4 million European Investment Bank (EIB) facility to assist Bulawayo businesses that are involved in exports and expressed eagerness to scale up funding to capacitate their ventures. The EIB extended the loan to NMB Bank recently as part of its private-sector…

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The Chronicle Sikhulekelani Moyo, Business ReporterTHE paper manufacturing and packaging sector has appealed to the Government to avail land for its members to participate in domestic production of raw materials and fine-tuning foreign currency disbursements to promote value addition and substitution of imports. Ms Kudzai Dave of K Dave Packaging says the country has enough…

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The Chronicle Sikhulekelani Moyo, Business ReporterTHE Reserve Bank of Zimbabwe (RBZ) has increased interest rate for loans to 200 percent per annum from 80 percent citing the need to align these with prevailing inflationary developments among other latest measures meant to tame exchange rate distortions and price volatility. These include liquidation of unutilised retained export…

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The Chronicle Sikhulekelani Moyo, Business Reporter ZIMBABWE Statistics Agency (ZimStat) has embarked on a wider business survey covering several industrial sectors of the economy in a bid to produce comprehensive statistics to assist effective evaluation, assessment and future forecast. In a statement, the statistics agency said the surveys are being conducted under the provisions of…

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The Chronicle Sukulwenkosi Dube-Matutu, Chronicle Reporter PROVINCIAL and district agricultural show societies have been urged to be innovative in their planning in order to organise shows that are relevant to regional and international exhibitions. Speaking during a quarterly meeting held at the Matabeleland South Show grounds in Gwanda on Friday National Association of Agricultural Show…

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The Chronicle Nqobile Bhebhe, Senior Business ReporterPROMINENT Bulawayo businessman, Mr Mohamed Esat, has made a passionate plea for the Government and banking sector to inject substantial capital into the clothing and textile manufacturing sector. Mr Mohamed Esat This is going to help create more jobs, trim imports and save the few existing clothing retail outlets,…

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The Chronicle Business Reporter AN 800km walk around Lake Kariba, to raise awareness on the link between environmental conservation and mental health, is set for July and August with several organisations and individual tourists expressing their support for the unique initiative. The campaign champion, Mr Nick Holme, a Zimbabwean born environmental conservationist who is now…

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