Central Bank Annuls Avis Bank Licence
DT Correspondent HARARE: The Central Bank – Reserve Bank of Zimbabwe has cancelled the operating licence of Avis Bank Limited due to failure to commence banking business. In a notice on Tuesday, RBZ said the financial institution has failed to meet licensing conditions. “It is hereby notified, in terms of section 15 of the Banking […]
Private Sector partners Govt to Strengthen Climate-Proof Agric
DT Correspondent In a significant effort to enhance climate-smart agriculture, private players have joined forces with the Government to scale up a design model aimed at combating droughts, economic instability, and the adverse effects of climate change. To tackle these pressing challenges and promote resilience-building initiatives, the Food, Agriculture, and Natural Resources Analysis Network (FANRPAN), […]
Cresta Jameson Completes US$3 Million Refurbishment Project
DT Correspondent Harare: – Southern Africa’s leading hospitality group – Cresta Hotels has revealed that it has spent more than US$3 million on the refurbishment of one of its oldest and most iconic hotels, Cresta Jameson in Harare. In an exclusive interview with Digital Telegraph this Wednesday, the company’s managing director Chipo Mandela said they […]
Willdale Commences Talks to Dispose Idle Assets
The transaction, if successful, could have a material effect on the business and the share price.
Seasoned Banker Chikwanha Leaves NMB Board
DT Correspondent Harare: – Seasoned banker Benedict Chikwanha will retire as the chairman of NMBZ Holdings Limited with effect from the end of next month after having served 10 years on the board. Chikwanha, who has served as NMBZ chairman for the past nine years, will be succeeded by ex-Delta chief executive officer Pearson Gowero, […]
Breakthrough in Lychee Exports: Manicaland Farmers Secure Deal to Tap into New Markets
“New markets unlocked, a deal has been brokered to export lychees from Manicaland, with consignments set to leave in the coming weeks” DT Correspondent In a significant development for the agricultural sector, a major deal has been successfully brokered to export lychees from Manicaland. Shipment of some of the consignments is expected to start next […]
Unifreight to Increase Cross-Border Market Fleet
DT Correspondent Harare: – Transport and logistics firm, Unifreight Africa Limited (Unifreight) plans to increase its fleet of FAW trucks and allocate additional assets towards the cross-border market. In a trading update for the third quarter of 2023, Unifreight Group chief executive officer Richard Clarke said the local market was focusing on investing in the […]
WestProp Making Steady Progress Towards One Billion Bricks By 2050
“Harare’s skyline will soon compete with world cities like London, Dubai and Singapore”. DT Correspondent Leading property developer, WestProp Holdings has commended Government for creating an enabling environment which is conducive for business to thrive. Speaking during a ground-breaking ceremony for the US$100 million Millennium Park development in the splashy suburbs of Borrowdale in the […]
PPC Zim Sales Up 44 percent, Reclaims Market Share
DT Correspondent HARARE: – Johannesburg Stock Exchange-listed, Pretoria Portland Cement (PPC) says its Zimbabwean unit recorded a 44 percent increase in sales volumes due to improved clinker availability for production and increased local demand. In a short-form announcement on Monday, PPC chief executive officer Roland van Wijnen says the company is seeing a strong recovery […]
South Africa Consumes 0, 8 Million Hectolitres of Chibuku Beer …As Delta Mulls on Commissioning New Plant Next Year
DT Correspondent HARARE: The country’s largest beverages maker Delta Corporation (Delta) says the uptake of ‘Chibuku Super’ opaque beer in South Africa is increasing after recording a volume growth of two percent in the second quarter of 2023. The company’s board chairman, Sternford Moyo said the group will commission a new opaque beer plant next […]