Daily Newsletter

Innbucks Microbank surpasses capital requirements

Nqobile Bhebhe, nqobile.bhebhe@chronicle.co.zw INNBUCKS Microbank Limited reported a core capital position of US$10,47 million as of June 30, 2024, surpassing the minimum regulatory requirement of US$5 million. The institution aims…

Timber shortage hits market

Ray BandeSenior ReporterA SEVERE shortage of kiln-dried timber has hit the market, largely due to devastating veld fires in various plantations scattered across Manicaland over the years.Industry leaders are feeling…

Farmers cash in onBoer goat breeding

Lovemore KadzuraPost ReporterMANY farmers in Manicaland Province are switching from ordinary goat breeds to Boer breeds, which offer a viable and high-income business opportunity.Those who have taken up the initiative…

Observe safety precautions during rainy season, women in mining urged

Nokuthaba Brita Ncube, ncubenokuthababrita@gmail.com Women Empowerment in Mining Zimbabwe’s national director, Ms Chiedza Chipangura, has called on miners to avoid conducting mining activities in waterways, warning of the risk of…

‘Traders comply with import rules’. . . Government intensifies anti-smuggling efforts

Sukulwenkosi Dube-Matutu, sukulwenkosi.dube@chronicle.co.zw Traders have been urged to familiarise themselves with import and trading regulations to ensure compliance with the law, as the Government intensifies efforts to combat smuggling and…

Kuchera GmbH on major deployment at leading manganese exporter

Nokuthaba Brita Ncube, ncubenokuthababrita@gmail.com KUCHERA GmbH, a German-based technology company specialising in optimising haulage operational efficiency in the mining sector, has announced a major milestone as it begins 2025. The…

Invictus Energy secures three-year renewal for Mukuyu Discovery licence

Nokuthaba Brita Ncube, ncubenokuthababrita@gmail.com Australian oil and gas exploration company, Invictus Energy Limited, has announced the successful renewal of its Special Grant (SG) 4571 licence, which includes the Mukuyu Discovery.…

Mukuru enters mobile wallet landscape

Business Reporter Next-generation financial services platform Mukuru has launched a mobile wallet in Zimbabwe. The Mukuru Wallet offers several benefits, including two pockets for local and international transactions, secure fund…

‘Privatising Harare water supply can boost service delivery’

Business Reporter Some analysts have supported Government’s proposal to privatise water supply in Harare, saying this could significantly improve service delivery, infrastructure and public health, aligning with global goals for…

ZWMB loans soar to ZiG205,5 million in 2024

Oliver Kazunga-Senior Business Reporter THE Zimbabwe Women’s Microfinance Bank (ZWMB) significantly increased loan disbursements in 2024, reaching ZiG205,5 million, a 759 percent surge from ZiG23,9 million in 2023. Established in…

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