Category: Business

Schweppes buckles to consumer demands

Beverage manufacturing concern Schweppes Zimbabwe Limited has buckled to consumer demands with a promise to restore the original Mazoe brands, latest end of July ending weeks of speculation and fear that had gripped the domestic market triggered by their new recipe for the brands. Images of the new ingredient on the Mazoe brands made headlines on the twitter platform early this month triggering a wave of concerns from consumers with many threatening to boycott the product. The beverage maker has responded allaying fears that the artificial sweeteners added to these syrups could trigger a health hazard. In fact, the...

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Govt gearing towards recertification of diamond industry

Government will set up a subcommittee under the Mines and Mining Development Ministry to prepare the groundwork for the re-certification of the local diamond industry. This emerged at the close of the Kimberly Process Intercessional Meeting in Antwerp, Belgium.  As the curtain came down on the 2018 Kimberly Process (KP) Intersessional Meeting the government is now gearing towards recertification of the diamond industry as mandated by the KP. Minister of Mines and Mining Development Cde Winston Chitando told the ZBC News the KP Intercessional Meeting provided platform for fruitful engagement adding Zimbabwe is compliant and preparing for recertification. “Zimbabwe...

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Proper place for informal sector

The race to win the electorate saw various opposition political parties selling their position which agreed that the informal sector should be given a proper place in a future Zimbabwean economy. Stakeholders from the informal sector among them vendors and cross border traders met various political parties who included MDC T, MDC Alliance, Zapu, Build Zimbabwe Alliance as well as independent candidates for an interaction at the Harare gardens which was moderated by former Mavambo aspiring president Simba Makoni. The opposition political parties agreed the informal sector should be given due recognition through allocation of trading space, health facilities,...

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ED reopens Eureka Gold Mine

Zimbabwe and the people of Guruve in particular will soon benefit from the re-opening of Eureka gold mine near Guruve Growth Point. The gold mine has been resuscitated by Delta Gold Zimbabwe, which has ploughed US$60 million to revive the mine that has not been functioning since 2000. Officially opening the gold mine in Guruve today, President Emmerson Mnangagwa assured investors who have invested in the revival of the mine that their business is guaranteed in Zimbabwe under the new dispensation. The President also said it is pleasing to note that more than 1000 people will be employed by...

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‘2030 middle income vision achievable’

The 2030 middle income vision enunciated by President Emmerson Mnangagwa is attainable on the back of the expected robust industrial and agricultural revival. President Mnangagwa set the tone for a new economic era in November last year by projecting the country to become a middle income economy by 2030. After years of economic stagnation, Zimbabwe is currently a low income country with gross domestic product (GDP) per capita below $1000. An economic commentator, Mr Denford Mutashu said a middle income status is possible given the reforms being implemented to boost economic growth. “Zimbabwe’s economy has to grow by at...

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