Business Writer

THE Infrastructural Development Bank of Zimbabwe (IDBZ) says it is seeking Green Climate Fund (GCF) accreditation as it increases its focus on renewable energy projects following the energy shortages faced by the country lately.

THREE weeks ago, President Emmerson Mnangagwa unveiled the National Tourism Recovery and Growth Strategy, which targets to raise $600 million in rescue packages to prop up firms affected by Covid-19’s national lockdown and grow the industry…

STANBIC Bank Zimbabwe has rebounded from a $624 million loss posted for the half year last year to post an impressive $607,2 million inflation adjusted profit after tax for the half year ending June 2020.

THE Zimnat Group has extended its insurance arm into South Africa to enable Zimbabweans living there to take out insurance cover for funeral expenses, including the cost of bringing their bodies back to Zimbabwe should they die in South…

STANBIC Bank has stepped up functionality of Foreign Currency Accounts (FCAs) on their digital banking platforms, to enable its customers to take full advantage of the interbank rates being implemented through the introduction of the forex…

CIVIL society organisations say the government should adopt a scientific and objective debt audit as part of measures to have the country’s odious debts cancelled.

THE World Bank says Zimbabwe is expected to be among the two biggest winners in terms of real income gains from the full implementation of the African Continental Free Trade Area (AfCFTA).

JSE-LISTED Anglo American Platinum (Amplats) lost 521 600 ounces of platinum group metal (PGM) production in the quarter ended June 30 as a result of Covid-10 lockdowns in Zimbabwe and South Africa.

ZIMBABWE’S hard-pressed industries have urged the government and other stakeholders in the information and communication technology sector to set up reliable infrastructure required for the country to boost economic growth.

THE cost of living in Zimbabwe continues to rise, putting severe pressure both consumers and businesses.

Zimbabwe risks being left behind in the digital era which has been accelerated by the Covid-19 pandemic as local mobile network operators (MNOs) continue to charge sub-economic tariffs amid sharply rising operating costs.

ZIMBABWE should use the opportunity presented by the Covid-19 pandemic to use information and communication technologies (ICTs) to drive economic growth, experts have said.

STANBIC Bank (Stanbic) has completed the distribution of US$200 000 worth of Personal Protective Equipment (PPEs) to six major health institutions throughout the country over the last week.

Govt must avail US$100m for business BUSINESS WRITERPRESIDENT Emmerson Mnangagwa’s government should inject an additional US$100 million stimulus package to industry, an academic has said.

MESSINA Investments, an investment vehicle controlled by British born multimillionaire Nicholas van Hoogstraten, has revived its demand for the reversal of the disposal of large swathes of prime land by CFI Holdings five years ago.

AUSTRALIAN Stock-Exchange-listed lithium and battery minerals company, Prospect Resources says the outbreak of the Covid-19 pandemic had slowed down talks with the African Export-Import Bank (Afreximbank) to raise and manage a US$143…

PRESIDENT Emmerson Mnangagwa’s administration has been urged to involve citizens in the preparation of national budgets to ensure transparency and accountability.

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.

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.

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.