LONDON-HEADQUARTERED Vast Resources is eyeing new mining concessions in Zimbabwe after securing the release of its 129 400 carats of diamonds, held for 15 years at the Reserve Bank of Zimbabwe (RBZ) following a prolonged legal dispute. The development, the company states, not only exemplifies a significant breakthrough but also reaffirms Zimbabwe’s commitment to promoting…
FAST-FOOD giant, Simbisa Brands, is set to open 10 new outlets before June this year while 12 others are marked for refurbishment across the country. This comes as the group was operating 611 outlets by the end of 2024. Simbisa Brands operates Chicken Inn, Pizza Inn, Creamy Inn, Baker’s Inn, Dial a Delivery, InnBucks, Galito’s,…
Brandon Josphat CHIEF WRITER josphatbl@dailynews.co.zw THE government is fully committed to implementing all needed economic and governance reforms, as the country fights to resolve its debt overhang and to boost the local economy. So says Finance minister Mthuli Ncube — who is in Washington DC, in the United States of America, this week — and…
ZIMBABWE and Mozambique are “Siamese twins” which enjoy strong bilateral relations, President Daniel Chapo said yesterday. Opening the Zimbabwe International Trade Fair (ZITF) in Bulawayo, Chapo further pledged to continue strengthening the ties between the two countries. “Our imports and exports and foreign direct investments will continue to guide our trade relations as neighbours. We…
GOVERNMENT says the country must seize the transformative power of Artificial Intelligence (AI) to lead Africa’s digital revolution and unlock new avenues for economic growth. Speaking at the second Digital Economic Conference at the Zimbabwe International Trade Fair, the minister of ICT, Tatenda Mavetera, urged stakeholders to embrace AI-driven innovation as a critical driver for…
THE government is focused on revamping industries and enhancing competitiveness in the business sector, the minister of Industry, Mangaliso Ndhlovu, has said. He was speaking at the Zimbabwe National Chamber of Commerce (ZNCC) business luncheon at the Zimbabwe International Trade Fair (ZITF) where he said government efforts were underway to create a conducive environment for…
Tapiwa ChirumeSTAFF WRITERchirumet@dailynews.co.zw THIEVES in Kadoma are targeting the city’s main sewer system and vandalising its infrastructure, resulting in the council losing equipment worth over US$3 million over the past eight years and adversely affecting service delivery. This also comes as the Kadoma municipality is seeking US$12,5 million to revamp its two water treatment plants…
HE Mutapa Investment Fund’s (MIF) US$1,9 billion acquisition of a 35 percent stake in Kuvimba Mining House (KMH) in 2024 was above board. So said MIF chief executive, John Mangudya, who added yesterday that due diligence was also done regarding the valuation of the deal. This follows social media claims that have suggested that the…
THE Zimbabwe National Road Administration (Zinara) has set sights on licensing at least one million vehicles by the end of 2025 to raise funds for road maintenance and rehabilitation. Dubbed the “One Million Campaign”, the nationwide drive was launched yesterday at the ongoing Zimbabwe International Trade Fair (ZITF) in Bulawayo. Zinara chief executive officer, Nkosinathi…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is seeking ways to improve the protection and privacy of data users. This comes as authorities have vowed to take stern measures against individuals spreading misinformation on social media targeting the country’s leadership. In a notice issued in the Government Gazette, Potraz said the growing use…
