Category: Business

Mash West holds ‘Zim is open for business’ investment conference

Prospective foreign and local investors, captains of industry and investment facilitators converged in Chinhoyi for the Mashonaland West’s inaugural Zimbabwe is open for business investment conference. The conference aimed at unravelling before the world the investment opportunities and potential areas of cooperation in several sectors, drew participation from international, regional and local investors and business executives. The conference also coincided with a business expo that saw local companies and service organisations exhibit their products. The clear message from the conference for those involved in the investment discourse was that Mashonaland West has a critical mass of natural resources that remain under exploited and that the province is the most endowed in every area of economic activity, including high concentration levels of a range of minerals. Guest of honour, Zambian Minister of the Southern Province, Dr Edify Hamukale described political and the general conditions in Zimbabwe as conducive for investment, saying there is so much goodwill because of the initiative by President Emmerson Mnangagwa to have the country belong to the community of nations. Mashonaland West Provincial Affairs Minister Cde Webster Shamu said the province will do all it can to contribute meaningfully to the gross domestic product, adding the investment conference should define the role of Mashonaland West in the new economic and political order. According to the Zimbabwe Investment Authority, Mashonaland West stands out as the world’s outstanding...

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Russian diamond mining conglomerate eyes Zim

A delegation from the world’s largest diamond mining conglomerate, Alrosa based in Russia has met President Emmerson Mnangagwa at his Munhumutapa offices in Harare this morning (Saturday). A delegation from Alrosa, a Russian group of diamond mining companies which has the largest rough diamond reserves in the world is in Zimbabwe to explore opportunities in the diamond sector. Alrosa chief executive officer Mr Sergey Ivanov said the company is interested in doing business in Zimbabwe. “Our company is interested in doing business in Zimbabwe which also goes in line with the new government’s economic policies,” he said. Alrosa is...

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Pres ED launches Nedbank Zim Limited

President Mnangagwa said the entry of Nedbank into Zimbabwe’s financial sector resonates well with the new government’s mantra that Zimbabwe is open for business and shows confidence in the country’s trade and investment climate and that Zimbabwe welcomes the group’s support to foster the country’s economic growth. President Mnangagwa said this while officiating at the rebranding ceremony of Merchant Bank of Central Africa (MBCA) to Nedbank Zimbabwe Limited at a dinner held in Harare last night. The financial institution was formed following Nedbank’s acquisition of majority shareholding in MBCA, leading to the name change. President Mnangagwa said the development...

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Zim, Japan to strengthen investment cooperation

Asian economic giant, Japan says it will continue to strengthen economic ties with Zimbabwe through various investment partnerships. This was revealed by visiting Japanese assistant minister and director general African affairs department Ambassador Takeshi Osuga. Ambassador Osuga is in the country for a policy dialogue with Zimbabwe. Speaking to ZBC News, Ambassador Osuga said the two countries will continue to strengthen both political and economic ties so as to create a conducive environment for investment opportunities between the two parties. He also reiterated prospects of concrete private sector cooperation after the democratic electoral process to be held this year....

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Pres ED calls for good corporate governance

The President Cde Emmerson Mnangagwa has called for good governance and confidence to be instilled in the financial services sector for a strong banking industry. President Mnangagwa was speaking at the launch of Nedbank Zimbabwe Limited last night. The issue of good governance and confidence in the banking industry has remained worrisome forcing some, if not all citizens of Zimbabwean to keep huge sums of money in their homes. President Mnangagwa said good governance and confidence are prerequisites that encourage the public to deposit money in the banks. He urged the Deposit Protection Corporation of Zimbabwe (DPCZ) to scale...

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