Business

TOURISM minister Mangaliso Ndlovu says Zimbabwe will soon be utilising a tourism satellite account system to capture all income contributions in the sector.

LEADING financial services institution, Stanbic Bank Zimbabwe, has put its shoulder on the wheel in the fight against Covid-19 by pledging an assortment of the much-needed equipment worth US$200 000.

ZIMBABWE should come up with new policies to ensure that the country is self-sufficient in the wake of the coronavirus pandemic, which has seen several countries shutting down their borders to control the virus, analysts have said.

A RUSSIAN fertiliser manufacturing company, Ecorost Company, is set to construct an organic fertiliser manufacturing plant in Mutare, which will see the introduction of new technology into the country’s agriculture sector.

A LOCAL mobile company Astro Group has launched a new electronic financial transaction platform, E-Shagi, aimed at easing the public’s way of accessing financial services through digital means.

BancABC Zimbabwe has responded to the 21-day coronavirus (Covid-19) lockdown by launching a virtual branch which allows customers to conduct all banking transactions through video and telephone.

THE African Union (AU) says it expects the continent to see a considerable decline in foreign direct investment (FDI) in 2020 and 2021 due to the Covid-19 pandemic.

ZIMBABWE’s mining output is expected to drop by 60 percent during the second quarter of 2020 compared to prior year due to the effects of coronavirus, the Chamber of Mines said.

COMPANIES are increasing levels of stocks or working to ensure consistent supply of products in the wake of coronavirus, which has threatened economic growth plans.

THE Zimbabwe Stock Exchange (ZSE) has shortened its trading hours as individuals and companies implement social distancing measures to mitigate the spread of the novel coronavirus.

SIMBISA Brands (Simbisa) recorded a profit of $108,29 million during the six months ended December 31, 2019 from $87,27 million in prior year after a bump in its revenues.

Amid the COVID-19 pandemic, with the global community battling the virus, EcoSure has announced plans to immediately support the country’s national health delivery system by equipping frontline medical staff with protective personal…

MINING houses operating in Zimbabwe are enhancing their existing emergency preparedness measures in the wake of the outbreak of the novel coronavirus (Covid-19) disease.

STANBIC Bank (Stanbic) has temporary closed its Victoria Falls and Hwange branches as part of preventive measures against the spread of the Covid-19 global pandemic.

DAIRIBORD Holdings (Dairibord) says it has put in place risk mitigation measures to ensure consistent supply of products in response to the coronavirus pandemic (Covid-19) outbreak.

ZIMBABWE Stock Exchange-listed wine and spirit maker African Distillers (Afdis) says business outlook for the company remains bleak as hyperinflation, poor agricultural season and the continued foreign currency shortages impact negatively…

NEDBANK Zimbabwe Limited has appointed Sibongile P Moyo as its new managing director, taking over from Charity Jinya, who held the leadership rope for the past decade.

NATIONAL Foods has said anticipated reduced yields for the 2019/20 agricultural season will result in the company continuing to import significant quantities of raw materials.

THE coronavirus (Covid-19) pandemic, which first broke out in China's Wuhan Province in December and has since spread to over 150 countries, has had devastating effects across the globe.

ENERGY minister Fortune Chasi says government is planning to increase petrol-ethanol blending from the current 10 percent to 20 percent by 2025 to cut import expenses.

TRANSPORT minister Joel Matiza says the government is upgrading the country’s air traffic communication systems and equipment in line with technological advancements.

BRITISH financial institution Standard Chartered Bank (StanChart) says it is committed to invest in the future of Zimbabwe.

VOLATILITY of the local currency and the prevailing hyperinflationary environment have made it difficult to give a satisfactory valuation of listed companies, a new report has revealed.

AFRICAN Economic Development Strategies (AEDS) has urged government to adopt for a dual currency — where the Zimbabwean dollar and the US dollar are used as the main currency.

AXIA Corporation Limited (Axia) says profit surged 64 percent to $74,76 million in the six months ended December 31, 2019 from $45,42 million in prior period, despite inflationary pressures on costs.