Van Hoogstraten sees hope in ED

Van Hoogstraten sees hope in ED

By Daniel Chigundu BUSINESS tycoon Nicholas Van Hoogstraten says he supports the new dispensation policy on opening the country for business. Since his inception in November 2017, President Emmerson Mnangagwa has made it clear that Zimbabwe is open for business and is willing to engage with investors from any country. Speaking on the sidelines of the Parliamentary Portfolio on Mines, Van Hoog said change cannot take place in a month but needs time and that the new dispensation has good intentions. “I believe and support that Zimbabwe is open for…

Read More

Zimplats spends big on agriculture

Zimplats spends big on agriculture

By Ndafadza Madanha THE country’s largest platinum producer ZIMPLATS allocates a third of its annual budget to promoting agricultural activities across the country. Mining companies have often been accused of shortchanging communities by simply extracting minerals and polluting the environment without bringing any tangible and sustainable projects outside their core business. Equally mining and agriculture interests have competed for key inputs such as land and water at times with devastating consequences but the two rely on each other to prosper. Experts contend that to maximise the positive and mitigate negative consequences,…

Read More

Germany firm eyes local market

Germany firm eyes local market

By Ndafadza Madanha GERMANY based company RIELA is in the country to scout for opportunities in the area of post harvest management. Post harvest management entails drying, cleaning, sorting and packing of a crop immediately after harvest. The instant a crop is removed from the ground, or separated from its parent plant, it begins to deteriorate. According to the Food and Agriculture Organization (FAO) in many developing countries, overall post-harvest losses of cereals and grain legumes of about 10 to 15 percent are fairly common. In some regions of Africa and Latin…

Read More

Tongatt resumes sugarcane project

Tongatt resumes sugarcane project

By Ndafadza Madanha SUGAR producer Tongaat Hulett says favorable conditions now exist for it to commence the development of 4 000 hectares of virgin land  in Chiredzi under “Project Kilimanjaro”  into irrigated sugar cane fields at the beginning of next year after securing bulk irrigation water. The multi-million dollar Project Kilimanjaro which initially started in 2014 but stalled with only about 200 hectares of land having been cleared is now expected to be complete by the second half of 2020. It was anticipated in 2014 that the 4000 hectares cleared…

Read More

Mupfumira courts London investors

Mupfumira courts London investors

By Daniel Chigundu ENVIRONMENT Tourism and Hospitality Industry Minister Prisca Mupfumira has called on potential investors in the United Kingdom to take advantage of opportunities in the country’s tourism sector. Tourism is one of the main foreign currency earning sectors that are expected to help revive the country’s economy together with agriculture, mining and manufacturing. Zimbabwe’s tourism sector is expected to grow by 20 percent in 2018 surpassing 2.5 million arrivals buoyed by unique flora and fauna and world heritage sites such as Victoria Falls and Great Zimbabwe among others…

Read More

ZTA hopes on World Travel Market

ZTA hopes on World Travel Market

By Daniel Chigundu ZIMBABWE Tourism Authority (ZTA) chief executive Dr Karikoga Kaseke says Zimbabwe is participating at the 2018 edition of the World Travel Market (WTM) with a view to increasing tourist arrival in the country. Tourism is one of the country’s low hanging fruits with quick wins together with agriculture, manufacturing and mining in terms of the new dispensation’s economic revival strategy. Ministry of Environment, Tourism and Hospitality Industry and ZTA have employed various marketing strategies with a view to luring more tourists and one of the strategies includes…

Read More

PHD Ministries clean Harare

PHD Ministries clean Harare

By Daniel Chigundu ENVIRONMENT, Tourism and Hospitality Industry Minister Prisca Mupfumira has applauded Prophetic and Healing Deliverance Ministries (PHD) for cleaning up the streets of Harare adding that a clean environment works well for tourism. Most cities in Zimbabwe have largely been dirty due litter which is thrown around by people and uncollected garbage in both the central business district and residential suburbs. However, speaking on the sidelines of the clean-up campaign which was held to commemorate PHD Ministries 5th anniversary, Minister Mupfumira said everyone has a role to play…

Read More

Mupfumira, Parajuli discuss tourism and environment

Mupfumira, Parajuli discuss tourism and environment

By Daniel Chigundu ENVIRONMENT, Tourism and Hospitality Industry Minister Prisca Mupfumira has met with UN Resident Coordinator Bishow Parajuli to discuss tourism and environmental development issues. There has been growing global concern over the effects of tourism on the environment especially in countries were tourism centres of infrastructure are being built in wetlands, water and national parks among many others. Tourism relies heavily on the environment for its success while the latter depends on tourism for its sustainability. In a statement after the meeting, Minister Mupfumira applauded the United Nations…

Read More

Northern Faming invests $16m in wheat production

Northern Faming invests $16m in wheat production

By Ndafadza Madanha THE country’s largest private financier and producer of wheat Northern Farming invests US$16m annual in the production of the cereal and is  targeting to grow 10 000 hectares next year. Northern Farming expects to harvest 47 000 metric tonnes of wheat this year from the 6 900 hectares cropped a sharp decline from the 8 000 hectares grown in 2017 and yielded 52 000mt. Zimbabwe is expected to produce 120-145 000 metric tonnes of wheat this year against national demand of 450 000mt. Average yield per hectare for…

Read More

CZI accepts 2% tax

CZI accepts 2% tax

By Ndafadza Madanha THE Confederation of Zimbabwe Industries (CZI) has accepted the modified 2% tax on electronic payments introduced by government through the minister of Finance and Economic Development Professor Mthuli Ncube but urged the authorities to allow them to reflect the measure in their pricing. In a statement CZI president Sifelani Jabangwe said the tax while necessary to address the fiscal imbalance should not go beyond December 2019. “The 2% tax, as subsequently modified by the Minister of Finance on 5 October, with further adjustments in consultation with the…

Read More