WFP applauds South Korea’s US$200.000, in fight against poverty

WFP applauds South Korea’s US$200.000, in fight against poverty

Reporter THE Tongofara Refugee Camp has received a massive boost in assistance, as the Government of South Korea has contributed US$200.000 to the United Nations World Food Programme (WFP) to assist the camp, which is home to 14.000 refugees from across the southern and central Africa. The WFP is on record calling for aid to Zimbabwe, citing that more than 7.7 million people are in need of food aid, early in the year, as the southern African nation continues to face incessant droughts with most of the country’s dams still…

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Seedco to install seed drying plant

Seedco to install seed drying plant

By Varaidzo Zhakata ZIMBABWE Stock Exchange listed, Seed Co Limited has boosted its drive to construct an Artificial Maize Seed Drying Plant, as the firm finally received all the necessary equipment from Denmark after experiencing some drawbacks, since inception of the project in June, last year. Construction of the drier is set for the seed giant’s Stapleford Complex, located just outside Harare. Establishment of the drier has been necessitated by the company’s will power to contain seed post-maturity fatalities and increasing processed seed market readiness, communicated the company secretary Terrence…

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Dairibord, Tavistock in strategic alliance and share subscription agreement

Dairibord, Tavistock in strategic alliance and share subscription agreement

By Varaidzo Zhakata THE country’s chief producer and trader of milk and milk-extracted goods Dairibord Zimbabwe Private Limited (DZPL) recently engaged into a strategic alliance and share subscription agreement with its sole prime contractor of raw milk, Tavistock Estate Limited. The advancement is set to allow both firms to work together in the growth of sustainable raw milk dealing that will unchain shareholder value, highlighted the group in a press release. “The Directors of Dairibord Holdings Limited (Dairibord) would like to advise all stakeholders that Dairibord Zimbabwe (Private) Limited (DZPL),…

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Zimplats in mineral production decline

Zimplats in mineral production decline

By Varaidzo Zhakata PLATINUM giant, Zimplats Holdings Limited’s six elements (6E) recorded 115 908 ounces for the quarter to December 31, 2019 marking an 18 percent reduction compared to the same period, in the prior year. Platinum was the main contributor to total 6E production, despite shedding off 9% to record 53 107 ounces from 65 605 ounces for the same period, last year. Palladium dropped by 24% from the previous quarter and 16% below same period last year. Silver significantly rose by 25% to 12 836 ounces from 10…

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ZIFA entrust Warriors’ destiny to nomadic Logarušić

ZIFA entrust Warriors’ destiny to nomadic Logarušić

Reporter Born in Slavonski Brod, SFR Yugoslavia, Croatian Zdravko Logarušić takes the reins as the new Zimbabwean senior football national team (affectionately known as The Warriors) head coach, as his football journey across four continents continues. A holder of a UEFA Pro License (1999 – 2001), Logarušić holds hopes of Warriors fans who know little about the man entrusted by the nation’s football association to guide the senior man’s football team to unrivalled success. Between 1988 and 1995, Logarusic was already taking up the twin roles of player/ youth coach…

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Zimbabwean firm invests big in bio-fuel

Zimbabwean firm invests big in bio-fuel

By Edward Mukaro HISTORICALLY, in terms of inventions, Africa has almost always played second fiddle to her brothers and sisters in Europe, the Americas, Asia, and Australia, respectively, resulting in the continent having to play the role of the perceived ‘lesser brother’. However, the tide seems to have been shifted in a major way by Zimbabwe’s own indigenous firm, Oil Castor Zimbabwe (OCZ), as the company recently launched the first of its kind, bio – diesel, manufactured from castor beans, coupled by bio – motor oil called ‘JuJu’. For some,…

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US$4 million oil processing plant on the cards

US$4 million oil processing plant on the cards

By Edward Mukaro OIL Castor Zimbabwe (OCZ) is set to install a US$4 million oil processing plant with a capacity to processing a total of processing 4 – 8million litres annually, the firm’s Co-founder Al Allerino has said. OCZ is an oil company that specializes on the production of organic diesel and engine oil, both being manufacture from castor beans. Speaking in an exclusive interview with The Business Connect on the sidelines of the launch of the company’s flag ship products (bio-diesel and bio-engine oil) at the company’s base in…

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