BUSINESS NEWS

Business should pay back loans - Modi

Industry and Commerce deputy minister Raj Modi says business should uphold ethical standards and repay borrowed funds.Modi was speaking to captains of industry during the CZI/ZITF Buyers-Sellers Forum...

By Staff reporter | Published: 26 April 2019

MINING & RETAIL

Modi invited to India gold summit

THE Deputy Minister of Industry and Commerce, Raj Modi, has been invited by the Gem and Jewellery Export Promotion Council of India (GJPEC) to participate in the second edition of the India Gold and J...

By Staff reporter | Published: 15 November 2018

POLITICS

Modi plans $100 000 revolving fund

BULAWAYO businessman, Mr Raj Modi, plans to set up a revolving fund with initial $100 000 seed capital to assist small businesses in Bulawayo South.Addressing journalists in the city yesterday, the bu...

By Staff reporter | Published: 25 July 2018

POLITICS

Modi sets up revolving fund

BULAWAYO businessman, Mr Rajesh Modi, has set up a revolving fund to assist small businesses in Bulawayo South.He revealed this in an interview after addressing more than 50 vendors who had come for a...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Modi complex to employ 300 people

PROMINENT businessman Raj Modi's Cowdray Park shopping complex, which is under construction will employ over 300 people once its completed before year end.In an interview on Wednesday, the seasoned en...

By Staff reporter | Published: 08 July 2018

BUSINESS NEWS

Modi plans smartphone, laptop assembly plant

PROMINENT Bulawayo businessman Mr Raj Modi plans to set up a smartphone and laptop assembly plant in Bulawayo over the next six months.The proposed investment is expected to employ about 500 people. M...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

Expert calls for commodity-backed currency

ZIMBABWE should re-introduce its own currency backed by commodities since bond notes and dollarisation has failed, financial expert Persistence Gwanyanya has said. Speaking during the CEO Africa Round...

By Staff reporter | Published: 19 June 2018

POLITICS

Modi to set up $7m geysers factory

PROMINENT Bulawayo businessman and Zanu-PF National Assembly candidate for Bulawayo South constituency Raj Modi has partnered an India-based firm, Kanti Council Services (KCS) to set up a $7 million s...

By Staff reporter | Published: 10 June 2018

TELECOMS & TECHNOLOGY

TelOne modifying all telephone numbers

STATE-owned telecommunications company, TelOne, is changing all area codes and modifying telephone numbers as the implementation of the $98 million national broadband project nears completion.In a sta...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

Basic commodity price hikes loom

An increase in prices of basic commodities and other products is looming in Zimbabwe, as fuel prices continue on an upward trend, the Confederation of Zimbabwe Retailers (CZR) has warned.Fuel prices h...

By Staff reporter | Published: 04 June 2018

MINING & RETAIL

Lithium rush to raise commodity risk exposure

PLANS to expand Zimbabwe's lithium operations could increase the country's commodity risk exposure, the World Bank has said.In a report published last month, the World Bank said the southern African c...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

'Some basic commodities prices set to drop'

ZIMBABWE's food basket for a family of six declined by 4.83 percent to $142.71 last month on the back of sales promotions by some retailers and a recent reduction in excise duty on fuel.The Consumer C...

By Staff reporter | Published: 06 February 2018

BUSINESS NEWS

Prices of basic commodities stabilise

The current drop in basic commodity prices was influenced by a marginal decrease of fuel prices but more has to be done to address the deep-seated currency problems in the country, sector representati...

By Staff reporter | Published: 04 February 2018

ZIMBABWE

Industry calls for commodity exchange

Zimbabwe's business community has advised the government to resuscitate the country's commodity exchange in a bid to boost agricultural production.The country previously had a thriving commodity excha...

By Staff reporter | Published: 24 January 2018

BUSINESS NEWS

Basic commodities being repackaged for resale

THE Consumer Council of Zimbabwe (CCZ) says some basic commodities, which disappeared from shelves since weekend have been found on the black market.CCZ executive director, Ms Rosemary Siyachitema, sa...

By Staff reporter | Published: 28 September 2017

BUSINESS NEWS

Govt engages industry, RBZ over commodity shortages

GOVERNMENT yesterday engaged captains of industry and Reserve Bank of Zimbabwe (RBZ) officials with a view to locating and solving the challenges that caused the recent spate of price increases togeth...

By Staff reporter | Published: 27 September 2017

MINING & RETAIL

Raji Modi buys back 20% stake in Choppies

BULAWAYO-BASED business mogul Raji Modi has brought back a 20% stake in Choppies Zimbabwe barely six months after selling off his entire Sai Enterprises (Pvt) Ltd business to Botswana's largest retai...

By Southern Eye | Published: 16 January 2014

ZIMBABWE

Legal instrument stalls commodities exchange

The Agriculture ministry says government is finalising a legal instrument to facilitate the launch of the long-awaited commodities exchange.Clemence Bwenje, economics and markets director in the Agric...

By Staff reporter | Published: 13 December 2013

ZIMBABWE

Govt to finalise commodities exchange set-up

Government needs to finalise the setting up of a commodities exchange as soon as possible for industry to start recognising benefits from the resuscitation of the agricultural sector, the Minister of ...

By Business Reporter | Published: 01 October 2013

OPINION

Commodity exchange makes the economy efficient

Zimbabwe has a commodity exchange that is yet to start operating due to lack of funds. However the Ministry of Industry and Commerce has indicated its working to ensure that the exchange is functional...

By Staff reporter | Published: 30 September 2013

ZIMBABWE

Govt urged to set up a commodity exchange

Farmer organisations are optimistic that the incoming government will finalise the setting up of the commodity exchange if the country is to realise fair value of agricultural produce.The commodity e...

By Business reporter | Published: 04 September 2013

ZIMBABWE

Commodities exchange remains a dream

Government has failed to meet its June deadline for the operationalisation of the commodities exchange, amid calls for sincerity in the setting up of the exchange.Despite pledges by the Ministry of Fi...

By Business reporter | Published: 03 July 2013

ZIMBABWE

Commodity exchange on the cards

The country's fiscal authorities say they are finalising the setting up of the Commodities Exchange of Zimbabwe, which is expected to assist in the mobilisation of financial resources and ensuring p...

By Staff reporter | Published: 10 June 2013
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