Zimbabwe's government allocated ZiG100 million for a new Industrial Development Fund targeting manufacturing sector growth. The National Venture Capital Company of Zimbabwe will manage this investment vehicle through a formal agreement between industry and finance ministries. Officials designed the fund to replace functions previously handled by the Industrial Development Corporation under Mutapa Investment Fund control. Treasury committed to sustained funding until the program achieves financial independence. The initiative addresses manufacturing needs through patient capital deployment.
Strategic sectors receive priority attention from fund administrators who conduct extensive project evaluations before releasing money. Fertilizer...
ZITF Company launched a digital initiative for Mine Entra 2025 exhibitions through its new Virtual Marketplace platform. Marketing manager Thandolwenkosi Nkomo described the technology as a strategic business tool that maximizes exhibitor visibility and generates leads. The platform enables global audience engagement beyond traditional exhibition halls through virtual meetings and product demonstrations. Companies can create detailed profiles featuring logos and contact information while uploading downloadable materials for visitor access. The system allows businesses throughout the mining value chain to schedule meetings and showcase their offerings online.
The digital transformation reflects changing marketing landscapes as...
Valley Seeds introduced two wheat varieties at DCK Farms in Kwekwe last week. The Limpopo and Zambezi strains aim to reduce wheat import requirements for bread production. Farm manager Duncan Magaya reported yields between 6.5 and seven tonnes per hectare from the 460-hectare winter crop. The varieties represent the first season of cultivation at this location. CBZ Agro-yield provided input financing for the agricultural project.
District Agronomist Mukai Shoko praised DCK Farms' performance during the facility tour. The wheat yields exceed the four-tonne break-even threshold by substantial margins. Kwekwe District achieved its 10,000-hectare wheat planting target this season. Commercial farmers, like the farm operator, contribute...
Zimbabwe plans to utilize its mineral wealth for external debt servicing while maintaining negotiations with bilateral creditors. Finance Minister Professor Mthuli Ncube announced this dual strategy during the Zimbabwe Economic Development Conference in Bulawayo. The government has established a platinum-based arrangement that helps service portions of the country's obligations. This resource-backed method will complement traditional financing approaches and strengthen the nation's position during international debt discussions. The African Development Bank's new president has pledged support for Zimbabwe's arrears clearance efforts.
The country possesses valuable minerals essential for global energy transitions, such as lithium...
Precious metals markets achieved milestone levels as bullion reached $3,719.95 per ounce, establishing a new all-time record. Federal Reserve monetary policy shifts sparked investor confidence after officials reduced interest rates for the first time since December. Silver climbed to nine-year peaks at $43.7727 per ounce while options trading volumes surged to 1.2 million contracts on Friday. Platinum and palladium markets experienced parallel gains as traders demonstrated increased appetite for industrial metals. ANZ commodity strategist Soni Kumari noted technical indicators remained strong with expectations for additional rate reductions.
Market participants anticipate two additional Federal Reserve rate cuts before year-end as...
Simba Bhora secured a narrow 1-0 victory against Eswatini's Nsingizini Hotspurs during their CAF Champions League preliminary round first leg match in Francistown, Botswana. Defender Boid Mutukure delivered an outstanding performance on his continental debut after joining the club from ZPC Kariba just two months earlier. The 31-year-old Karoi-born player had previously abandoned hopes of international recognition following years of neglect by national team selectors. Mutukure formed part of Joel Luphahla's three-man defensive system alongside Webster Tafa and Isheanesu Mauchi during the match.
The veteran defender completed six aerial clearances and won multiple ground duels while making several key interceptions against the Eswatini...
Highlanders goalkeeper Ariel Sibanda demonstrated exceptional penalty-saving skills during Sunday's Chibuku Super Cup quarter-final against Scottland FC at Barbourfields Stadium. The veteran keeper stopped three spot kicks as his team advanced through a 2-1 penalty shootout victory. Scottland had dominated the match early with strikes from Kingsley Mureremba and Khama Billiat before Highlanders responded through Learnmore Muyambo and Andrew Mbeba to force extra time.
Sibanda employed a strategic approach that emphasized remaining stationary rather than diving instinctively. The goalkeeper studied penalty takers' body language and eye movements to anticipate shot direction. Several Scottland players failed during the shootout as...
Zimbabwe's national football team has struggled under foreign leadership during the past eighteen years. Three international coaches have managed the Warriors with disappointing results across competitive and friendly matches. Valinhos from Brazil, Croatian Zdravko Logarusic, and German Michael Nees have collectively overseen thirty games. Their combined record shows five victories from these encounters.
The coaching trio has achieved wins against only Namibia and Botswana during their tenure. Michael Nees will become the first foreign manager to lead Zimbabwe at the AFCON finals in Morocco this December. The Warriors have secured twenty-six points from a possible ninety when friendlies are counted. Competitive matches alone yield an...
Zimbabwe crushed Kenya by nine wickets during their warm-up match at Harare Sports Club yesterday. Kenya collapsed to 96 runs after winning the toss and choosing to bat first. Bradley Evans captured three wickets for 12 runs while Richard Ngarava took two for 16. The Chevrons reached their target within 12 overs, losing only Tadiwanashe Marumani for 14 runs. Brian Bennett led Zimbabwe's chase with 33 runs before retiring.
Botswana defeated Malawi by 55 runs at Takashinga Cricket Club in the second warm-up fixture. Reginald Nehonde scored an unbeaten 62 runs to help Botswana post 150 for four wickets. Malawi managed just 95 runs in response as Tharindu Perera claimed three wickets for seven runs. Eight nations will compete in the Africa...
