Zimre Holdings plans to expand into North Africa next year, among other expansion goals. The financial services company will start raising money in the second quarter of 2025 to strengthen Emeritus Re for these plans. They recently combined two Botswana reinsurance businesses and invested $2 million in their Mozambique branch.
CEO Stanley Kudenga said the firm wants more revenue, business consolidation, and new acquisitions. Their strategy focuses on a bigger African presence and better data management. The company already operates in Ivory Coast and wants to add insurance broking and microfinance services in Mozambique. They also run asset management in Malawi.
Insurance income reached $61.86 million last year, compared to $50...
The government promises farmers enough drought-resistant seeds for the next summer growing season. Deputy Agriculture Minister Davis Marapira made this pledge during his visit to the Valley Seeds plant in Murewa on Tuesday. He said officials will distribute new crop varieties suitable for different farming regions early.
Traditional grain seeds will be sent to low-rainfall areas. Marapira stressed that seeds should reach farms between September 15 and November 15. He also urged farmers enrolled in the Presidential Inputs Scheme to start field preparations during the current moist conditions. The deputy minister also recommended testing soil acidity levels.
Valley Seeds technical director Patrick Sajeni confirmed they stocked adequate...
Zimbabwe Consolidated Diamond Company plans to showcase its capital projects at the Zimbabwe International Trade Fair next week. These investments helped diamond ore mining volumes rise 41 percent to 8.9 million tonnes last year from 6.3 million tonnes in 2022. The trade show, which will run April 21-26 at the Zimbabwe International Exhibition Centre in Bulawayo, will focus on integrated economic landscapes.
Corporate Affairs Executive Sugar Chagonda said the fair offers chances to build relationships with stakeholders. He mentioned that ZCDC recently commissioned a new Deep Boiling Facility at Chiadzwa Mine. The company bought various equipment, including the jaw Area 700 plant phase 2, during the past two years. ZCDC also invested in...
Zimbabwe stands ready for its 45th Independence Day celebrations happening tomorrow at Mutora Business Centre in Gokwe North District. President Mnangagwa will host the Children's Party today at Nyamuroro High School near the main venue. The national theme focuses on development through devolution as contractors finish final preparations. Vice President Mohadi will light the Independence Flame at Sikombela Detention Centre before it travels to Mutora.
Over 3,000 children have arrived for today's festivities, where new hostels await them. Officials report all planned construction projects completed, including new changing rooms, restrooms, terraces, and school facilities. Residents express happiness about the development brought to...
The National Handicraft Centre reopened its updated gallery yesterday and received a new vehicle for operations. Women's Affairs Minister Monica Mutsvangwa led the ceremony, calling it important for preserving Zimbabwean culture. She said the renovation supports national development plans that focus on improving infrastructure. The center has served artisans since 1989, but faced recent challenges that limited its effectiveness. Government funding covered gallery repairs, new inventory purchases, and vehicle acquisition.
President Mnangagwa approved a seven-member board last September to revive the center. The facility markets crafts from rural women, who create about 75 percent of Zimbabwe's handicrafts. The new vehicle will help...
The Sports and Recreation Commission met with Zimbabwe Netball Association officials yesterday after years of complaints. The closed meeting in Harare included club leaders, league administrators, Nedbank sponsors, former players, and current athletes. Many attendees expressed relief at finally having a chance to speak directly about problems. They raised concerns about injured national team players receiving no support despite Nedbank Zimbabwe covering most expenses.
Stakeholders questioned the legal standing of ZINA leadership, particularly President Leticia Chipandu, who has served for about twenty years. They shared a case where an international player bought her air ticket for the 2023 World Cup but never received repayment. The...
Belarus companies lead the Zimbabwe markets with tractors, buses, trucks, and fire equipment because they offer the right vehicles and friendly payment plans. Buyers can pay over three years at low interest rates. Strong political connections helped establish business ties through guarantees and programs for local authorities and farmers. Tax decisions played a key role as many products entered Zimbabwe with duty breaks, reducing prices. The market grew mainly through smart business choices - selling appropriate products at competitive prices with support and financing.
The planned assembly plant in Zimbabwe makes good business sense. It will cut transport costs for moving heavy vehicles between two landlocked countries. The plant...
According to Energy Minister July Moyo, Zimbabwe has approved a new Energy Compact to boost its power supply through local generation and regional connections.
The plan aims to expand both thermal and renewable energy sources across the country. Many households already use solar panels for their needs and can sell excess power back to the national grid. Companies also contribute to the power network as they generate extra electricity beyond their requirements. The nation has started looking into wind energy, with three potential sites identified for investors.
Water remains Zimbabwe's main renewable resource despite climate change impacts. The government plans to develop run-of-river projects on the Zambezi that can generate power...
The Zimbabwe International Trade Fair has reached full capacity because many businesses want to participate this year. Records show 596 exhibitors reserved space, including 112 first-time participants. Organizers created additional areas after the traditional exhibition space filled up completely. This high interest shows growing confidence in Zimbabwe as a trade destination. ZITF Company officials described the upcoming event as one of the best in its 65-year history.
Twenty-eight countries plan to attend the April 21-26 trade fair at the Zimbabwe International Exhibition Center, exceeding last year's attendance of 27 nations. Officials confirmed that 45 international companies will display their products directly. Mozambique's...
