Category: Business

Youths urged to be innovative

Young people have been encouraged to venture into innovations that contribute to sustainable development. This came out during the launch of the Green Innovation Hub phase 2 in the capital. The Green Innovations Hub (GIHUB) which commenced in 2015, supported by the Embassy of Sweden and UNICEF encourages young entrepreneurs to come up with ideas for sustainable products and services that promote renewable energy, environmental sustainability and help fight climate change. UNICEF representative Dr Mohammed Ayoya and deputy head of mission of the Embassy of Sweden Maria Selin pledged their full support for the country’s young innovators. Some of...

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Govt calls for vibrant partnerships

As the country enters a new dispensation targeted at revitalising the economy, the government has called for vibrant partnership with the corporate world, individuals and religious organisations aimed at engaging in community development programmes. The Harare Metropolitan Province Provincial Corporate Social Responsibility Awards hosted the second edition of the event in Harare where the Minister of Energy and Power Development Ambassador Simon Khaya Moyo who was the guest of honour, challenged the business community to restore public trust by considering long-term value creation built around corporate social responsibility. Harare Metropolitan Province administration coordinator Mr Nathaniel Madzivanyika said it is...

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Manufacturers challenged to improve their production

Local companies have been challenged to improve their production capacities and produce products that are competitive at local and international level. Government has called upon manufacturers to take advantage of the newly adopted national competitiveness policy which provides conditions for vibrant and competitive firms to produce enhanced quality products and services. Speaking at the 2017 Marketers Association of Zimbabwe Superbrand Awards in the capital, the Minister of Industry, Commerce and Enterprise Development Dr Mike Bimha said as the country enters a new dispensation focusing on revitalising the economy, manufacturers must improve their production capacities and come up with competitive...

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Greenfuel to expand operations by 20%

The country’s ethanol producer GreenFuel is on an expansion drive as it seeks to increase its production capacity by twenty percent next year.   In an interview on the sidelines of the tour of GreenFuel cane fields and plant by the ARDA board, GreenFuel factory manager John Mark Sitebe said his company plants to up cane tonnage from the current 8 000 tonnes to over a thousand tonnes next year in line with increase in hectares planted. He said the mill is being expanded to increase production from 200 tonnes per hour to 230 tonnes per hour to achieve...

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Indigenisation amendments to benefit mining firms

The mining sector which is a critical foreign currency earner has registered a more than 60 percent growth in production and earning with expectations the relaxation of the indigenisation laws will further increase foreign direct investment inflows. Coupled with tax incentives for the resources based industry is being expected to renew investors’ interests’ thereby unlocking potential for growth with mining experts expecting improved viability for the industry. The 2017 state of the mining sector review announced in the capital on Friday (today) that the extractive sector has continued to show recovery on the back of a rise in overall...

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