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Blessed Ndlovu

Blessed Ndlovu

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CemAir launches first flight to Zim

The developments came after the Civil Aviation Authority of Zimbabwe (CAAZ) approved applications from the low-cost carriers FlySafAir and CemAir to start flying into Harare and Victoria Falls.
By Freeman Makopa and Blessed Ndlovu Aug. 10, 2023

Zimdollar depreciation scares Treasury chief

This means that a 1% depreciation could cause the fiscal deficit to widen by about US$20,68 million.
By Belinda Chiroodza and Blessed Ndlovu Aug. 18, 2023

Govt opens up broadcasting sector to foreign investors

Information, Publicity and Broadcasting Services deputy minister Kindness Paradza said budget constraints had become a hindrance to digitalisation.
By Blessed Ndlovu Aug. 21, 2023

Mandara shopping centre: An epitome of crumbling economy

For Mandara residents, the shopping centre is now an eyesore with the potential to devalue their expensive suburban properties.
By Blessed Ndlovu Aug. 21, 2023

Zim price levels exorbitantly high: Zimcodd

“The salaries being paid to workers economy-wide are way below this poverty datum line, ” the report read.
By Blessed Ndlovu and Belinda Chiroodza Aug. 28, 2023

ZimTrade seals deals worth US$8m in DRC

The organisation took 15 companies to Lubumbashi and Kolwezi to promote their products and services.
By Blessed Ndlovu Sep. 1, 2023

Airports Company of Zim invests in electric cars

Several of ACZ’s shuttles are now 100% EVs, according to public relations and communications manager Tonderai Mangombe.
By Blessed Ndlovu Sep. 1, 2023

FBC hedges against Zimdollar loss

FHL group chairperson Herbert Nkala said adopting a hedging strategy mitigated the impact of the exchange rate fluctuation and sustained the group’s balance sheet.
By Blessed Ndlovu and Belinda Chiroodza Sep. 4, 2023

Farmers withhold grain as El Nino looms

The report said open market sales of grain, other crops, and maize meal are mainly conducted in the United States dollar in most areas, or South Africa rand in the southern districts.
By Blessed Ndlovu and Belinda Chiroodza Sep. 6, 2023

Metro Peech placed under corporate rescue

Oliver Mtasa of Crowe Advisory (Private) Limited was appointed as corporate rescue practitioner.
By Blessed Ndlovu Sep. 5, 2023

Varun to introduce new beverage lines next year

The company said the plant started with one production line and today has nine production lines and it is planning to invest further in early 2024.
By Blessed Ndlovu Sep. 12, 2023

WestProp to host property conference

The conference comes on the backdrop of several property developments underway, nationally, at a time the sector is facing highly priced rentals and exorbitant property prices.
By Blessed Ndlovu Sep. 13, 2023

SMEs lack managerial, technical skills: Govt

He said the ministry was determined to re-ignite the businesses through sustainable initiatives despite the economic challenges.
By Blessed Ndlovu Sep. 15, 2023

Our programmes meet industry needs: ESAMI

Gapa said they have generated excellent graduates who have excelled at providing the best service in both the private and public sectors.
By Blessed Ndlovu Sep. 21, 2023

Zesa drowns in debt

Hwange Units 7 & 8, well-placed sources said, were constructed on a contract based in US dollars, and private foreign investment was utilised to finance the expansion project.
By Blessed Ndlovu and Belinda Chiroodza Oct. 1, 2023

Drought to affect mopane worm production: USAID

The local currency has lost over 18% of its value since the general elections held on August 23 and 24, 2023, reaching a value of US$1:ZWL$5 466,74 as of Tuesday morning.
By Blessed Ndlovu Oct. 4, 2023

Embrace entrepreneurship, farmers urged

Speaking at the World Cotton Day commemoration yesterday, Masuka said there was need to value-add cotton farming
By Brent Shamu and Blessed Ndlovu Oct. 6, 2023

Cottco engages Treasury over US$6,8m farmers’ debt

He indicated that part of the export proceeds from the 2023 cotton marketing season would be used to raise money to pay off farmers.
By Gamuchirai Nyamuziwa and Blessed Ndlovu Oct. 9, 2023

New Cottco CEO vows to take firm to ‘next level’

Mutembwa is currently engaging Treasury, the central bank, and financial institutions aiming to raise US$6,8 million to pay off cotton farmers.
By Blessed Ndlovu Oct. 12, 2023

CBZ makes mandatory offer to FMHL minorities

As of the end of June, CBZHL had total assets valued at US$1,13 billion, a drop of about 20% from the end of last year.
By Blessed Ndlovu Oct. 13, 2023

ACZ baits Turkish Airlines

Routes World is a platform where decision makers from airports and airlines worldwide gather to discuss the development of new air services and present opportunities for business growth.
By Blessed Ndlovu Oct. 18, 2023

UK talent agency eyes Zim

Speaking to NewsDay Business, WorkReel Africa Region head Stephen Mashingaidze urged businesses to use artificial intelligence (AI) in its recruitment processes.
By Blessed Ndlovu Oct. 25, 2023

‘Zim policies incoherent, confusing’

Hawkins also said policies should be made known and explained to people so that they are aware of what they stand for and how they should be implemented
By Blessed Ndlovu Oct. 27, 2023

Cottco calls for presidential input scheme audit

Government introduced the scheme during the 2014/15 agricultural season to help the “white gold” farmers to increase output.
By Blessed Ndlovu Oct. 30, 2023

FCB pursues US$48 million offshore deals

So far, US$20 million lines of credit have been secured from the regional lender, according to FCB chief executive officer Tapera Mushoriwa.
By Blessed Ndlovu Nov. 3, 2023

‘Zim must prioritise industrialisation’

Magade said the recent launch of the African Continental Free Trade Area (AfCFTA) presented the most immediate and significant opportunities for expanding the country’s export markets.
By Blessed Ndlovu Nov. 6, 2023

Bankers blame bank charges on plethora of costs

In emailed responses to NewsDay Business, Baz chief executive officer Fanwell Mutogo said banks, like any other industry, incurred costs when providing a service to their clients.
By Blessed Ndlovu Nov. 7, 2023

Metro Peech briefly shuts down

According to the corporate rescue plan obtained by NewsDay Business, a number of prospective investors indicated an interest
By Blessed Ndlovu Nov. 8, 2023

Parly proposes Mines ministry to retain 25% of collections

Currently, the mining industry is being negatively affected by declining mineral prices, power cuts and foreign currency shortages.
By Blessed Ndlovu Nov. 10, 2023

Govt pushes for use of AI in mining

The Parliamentary Portfolio Committee on Mines and Mining Development established that at least ZWL$300 billion is needed for critical expenditure items.
By Blessed Ndlovu and Nizbert Moyo Nov. 14, 2023