Business

Zimbabwe courts Danish energy investors

AUTHORITIES are urging Danish investors to consider lucrative opportunities in energy, agriculture, and mining to advance the country’s rural industrialisa­tion agenda. This comes as the government is stepping up its engagement and re-engagement initiatives to attract global capital. Speaking in Harare on Monday during a reception for a Danish business delegation, the permanent secretary in…

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Govt reserves business sectors for locals

THE government has made progress in strengthening economic empowerment for locals through tightening regulations governing reserved sectors of the economy. Addressing a post-Cabinet media briefing in Harare yesterday, Information minister Jenfan Muswere said authorities were going to strike a balance between national interests and attracting investments into the country. “Cabinet considered the report on the…

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Miners directed to fund Zanu PF conference

THE government has directed mining entities in Manicaland Province to contribute towards funding the upcoming Zanu PF annual conference in Mutare by paying no less than US$3 000 each. This comes as the party has set a target of US$50 000 for the annual festive event, which is scheduled for October 13 to 18. In…

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US$5m boost for fertiliser production

THE Mutapa Investment Fund (MIF) has announced an injection of US$5,3 million to resuscitate Dorowa Mine, aiming to significantly boost local fertiliser production. This strategic move is intended to reduce the country’s reliance on imports and protect farmers from costly and potentially harmful chemicals. Speaking this week during a media tour of fertiliser companies across…

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US$60m investment to boost power generation

HWANGE Colliery Company has invested US$60 million to ramp up coal production to three million tonnes annually by 2027, in a major push to support Zimbabwe’s power generation needs. The substantial investment includes the introduction of advanced longwall mining technology, which is expected to significantly increase efficiency and output while contributing to the country’s energy…

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‘Allocate more funds toward roads rehab’

LAWMAKERS have called upon the ministry of Transport to allocate at least 10 percent of its budget toward road maintenance units along the country’s major highways. This comes as authorities plan to establish 20 road maintenance units to rehabilitate and preserve the country’s road network. In a report tabled in the National Assembly on Tuesday,…

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Zacc targets corruption syndicates

THE Zimbabwe Anti-Corruption Commission (Zacc) is intensifying its efforts to combat crossborder syndicates involved in smuggling and is also working to recover illegally acquired offshore assets. This move follows a report by Transparency International Zimbabwe (TIZ) that revealed that the country loses an estimated US$1,8 billion to US$2 billion annually due to financial leakages, primarily…

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Robber shot dead after chase

ONE suspect was shot and killed after police arrested three armed robbers in Chegutu, Mashonaland West Province, following a high-speed car chase. Police national spokesperson Paul Nyathi yesterday said suspects should cooperate with law enforcement officers during arrests. “The Zimbabwe Republic Police confirms a shooting incident and the arrest of Valentine Dipuka, 30, and Tinashe…

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Banks must fund horticulture: Haritatos

AUTHORITIES are urging financial institutions to support horticulture production to expand and grow the sector. This push comes as the government notes that a recent Chinese policy to open “green lanes” for Zimbabwean agricultural products would increase exports of various horticulture products. Speaking to the Daily News at the weekend, Agriculture deputy minister Vangelis Haritatos…

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