We want to regain South Africa market: Dr Kaseke

We want to regain South Africa market: Dr Kaseke

By Daniel Chigundu ZIMBABWE Tourism Authority (ZTA) chief executive Dr Karikoga Kaseke has said Zimbabwe is going to use the Africa Travel Indaba to regain lost market in South Africa. Travel Indaba which will run from 8-10 May this year, is Africa’s largest tourism show that sees the continent showcasing its’ wide variety of tourism products. The show, to which Zimbabwe has been a consistent participant in the past 30 years, also attracts international buyers and media from across the globe and provides a business and policy platform forum for…

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FAW invests US$20m in Byo plant

FAW invests US$20m in Byo plant

By Ndafadza Madanha CHINESE motor vehicle manufacturer FAW plans to open a US$20m assembly plant in Bulawayo by year end as international investors continue to warm up to the country. According to Henry Madovi an official with FAW the assembly plant will create over 100 jobs and plant equipment is already on its way from China. He said the plant will be dedicated to assembling heavy motor vehicles as the company anticipates a spike in the country’s infrastructure and transportation projects. “We shall be assembling buses and trucks from Bulawayo by the…

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Labour Minister snub Workers Day

Labour Minister snub Workers Day

By Daniel Chigundu ZIMBABWE Congress of Trade Unions (ZCTU) has raised concern over the decision by the Ministry of Labour and Social Welfare to snub Worker’s Day (May Day) celebrations since last year. The decision to snub the event could be emanating from the fact that ZCTU has largely been associated with opposition politics and is also credited for giving birth to MDC-T in 1999. Zanu PF which is currently in the government formed its own trade union called the Zimbabwe Federation of Trade Unions which was once led by…

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NSSA defends pension payout

NSSA defends pension payout

  By Ndafadza Madanha THE National Social Security Authority (NSSA) says its core mandate is to provide a basic safety net for its stakeholders but this does not preclude them from making additional savings. In an interview the marketing and communication executive Tendai Mutseyekwa said it was a misconception for people to expect NSSA payouts to cushion pensioners. The authority has in recent time come under intense criticism for the monthly payouts to pensioners which are not commensurate with cost of living. Pensioners receive a minimum of US$80 a month….

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Delta to introduce new beers …unfazed by Pepsi competition

Delta to introduce new beers …unfazed by Pepsi competition

By Daniel Chigundu GIANT beverages manufacturing company Delta Corporation says it will be introducing about three new types of beers onto to the market in the near future. The new beers Budweiser, Stella Artois and Corona are a result of Delta’s association with ABInBev which took over SAB Miller. In an interview at the on-going 2018 edition of Zimbabwe International Trade Fair, Delta Corporation corporate affairs executive Patricia Murambinda said the beers are yet to hit the market but will be coming soon. “Very soon we are looking at introducing…

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Lafarge exhibits special products

Lafarge exhibits special products

By Daniel Chigundu LEADING cement manufacturing concern Lafarge Cement which is exhibiting at the 59th edition of Zimbabwe International Trade Fair (ZITF) says this year they have decided to pay attention to their special products segment. In an interview at the company’s exhibition stand, communications manager Tsungie Manyeza said although cement is on exhibition the major highlight is special products. “We have decided to highlight a certain section of our business other than cement, so we have our cement on display but the highlight of our exhibition is our special…

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Reengagement key to IDBZ capital raise efforts

Reengagement key to IDBZ capital raise efforts

  By Ndafadza Madanha THE Infrastructure Development Bank of Zimbabwe (IDBZ) ability to increase its capital to US$250 million by year end is partly dependent on government’s successful conclusion of reengagement talks and payment of arrears to multilateral institutions such as the World Bank (WB) and Africa Development Bank (AFDB). According to IDBZ chief executive Thomas Zondo Sakala, the institution had set out to increase its capital from US$70 million to US$250m.  He emphasized that the country’s infrastructure agenda is large requiring an estimated minimum of no less than $1.60…

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Let’s recapitalise our industries: Chiwenga

Let’s recapitalise our industries: Chiwenga

By Daniel Chigundu VICE PRESIDENT Constantino Chiwenga has called on the private sector to collaborate with government in an effort to recapitalise the country’s ailing industries. Most industries across the country but more specifically in Bulawayo have reportedly closed or scaled down on operation due to a difficult operating environment which made locally made products uncompetitive both in and outside Zimbabwe. Addressing delegates at the 12 edition of the International Business Conference which took place on the sidelines of the on-going 59th edition of Zimbabwe International Trade Fair, Chiwenga said…

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Mupfumira hosts tour operators in Dubai …commits to strengthen tourism relations

Mupfumira hosts tour operators in Dubai …commits to strengthen tourism relations

By Daniel Chigundu TOURISM and Hospitality Industry Minister Prisca Mupfumira hast promised UAE and India tour operators that she is committed to strengthening tourism business relationships. Addressing the tour operators and other business people during a cocktail dubbed “cocktails and conversations” held at the rooftop of the Jumeirah Creekside Hotel in Dubai at the sidelines of the Arabian Travel Market, the Minister said she is aware that Zimbabwe has not been active on that market. “I would like to commit myself and my entire ministry to seriously strengthen our tourism…

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We need more international exhibitions: ZTA

We need more international exhibitions: ZTA

By Daniel Chigundu ZIMBABWE Tourism Authority (ZTA) has called on businesses and associations to bid for more international exhibitions such as the ZITF so that the country can realise many benefits from Meetings, Incentives, Conferences and Exhibitions (MICE). According to tourism experts, Zimbabwe has various MICE opportunities owing to its facilities dotted around the country and tourist attraction centres but has not realised much of the opportunities. ZTA, however, created the National Convention Bureau to take charge of MICE business and a lot of work has been undertaken in terms…

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