BUSINESS NEWS

RBZ bullish of plus 4% economic growth

The Reserve Bank of Zimbabwe (RBZ) is bullish an economic growth rate of above 4 percent is attainable in 2018 on the back of positive sentiment in the economy and the international goodwill following...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Army to descend at Beitbridge border post

Finance Minister Patrick Chinamasa has proposed the deployment of the military to Beitbridge to restore order as he accused clearing agencies of causing commotion at the border post.He said there were...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Chinamasa presents $5.1 billion budget

Finance and Economic Planning Minister Patrick Chinamasa has presented a US$5.1 billion 2018 national budget, projecting a 4.5 percent economic growth rate for next year.Presenting the budget statemen...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe budget woos foreign investors

Zimbabwe has taken steps towards ending its economic isolation in its first budget since the end of Robert Mugabe's 37-year authoritarian rule.Finance Minister Patrick Chinamasa announced a package of...

By BBC | Published: 07 December 2017

How Chinamasa intends to reduce government expenditure

EXPENDITURE MANAGEMENT The thrust of the 2018 Budget, consistent with the 'New Economic Order', calls for the implementation of a phased but Comprehensive and Coherent Expenditure Management Strategy ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Chinamasa's 2018 Budget full text

Finance Minister Patrick Chinamasa says the country's 2018 budget will send a clear message to the world that Zimbabwe is open for business. ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe to unveil post-Mugabe budget

Zimbabwe's new government is set to unveil its first budget since the fall of long-serving ruler Robert Mugabe.It comes a day after Finance Minister Patrick Chinamasa signed a $153m (£115m) loan agre...

By BBC | Published: 07 December 2017

BUSINESS NEWS

Economic reform talk unsettles ZCTU

THE Zimbabwe Congress of Trade Unions (ZCTU) has warned government against implementing economic reforms that would add pressure on the country's already strained working population.President Emmerson...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Another executive quits strife-torn CFI

There has not been peace at CFI for a long time with prolonged misunderstandings between Stalap and Nicholas van Hoogstraten's Willoughby's InvestmentsThere has not been peace at CFI for a long time w...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

SADC plugs power deficit

The region slipped into a power deficit a decade ago, partly due to its old plants failing to match expanding populations and economies.The region slipped into a power deficit a decade ago, partly due...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Business calls for radical budget

FINANCE Minister Patrick Chinamasa will today  present the 2018 National Budget in Parliament with business urging the minister to "break with the past and present a transformative" budget statem...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

IDBZ to list $30 million more bonds

THE Infrastructure Development Bank of Zimbabwe (IDBZ) plans to increase bond listing on the Financial Securities Exchange (FINSEC) alternative trading platform by more than $27 million worth of housi...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Market awaits 2018 budget

TURNOVER was low on the Zimbabwe Stock Exchange this week as investors exercised caution while waiting for the 2018 National Budget amid signs that foreign interest in local stocks was being rekindled...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

'Chinamasa should prioritise local content policy'

Finance minister Patrick Chinamasa should consolidate the country's local content policy in his National Budget presentation today to help steer industrialisation, Buy Zimbabwe has said.The pressure g...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Budget tests Mnangagwa's reform thrust

Finance and Economic Planning minister Patrick Chinamasa presents the first Budget in the post-Robert Mugabe era today, which will act as measure of President Emmerson Mnangagwa's commitment to chart ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe to have its own currency

President Emmerson Mnangagwa's top priority is to ensure Zimbabwe has its own currency so as to stimulate economic growth and build investor confidence in the country, an official has said.Special Adv...

By Staff reporter | Published: 07 December 2017

POLITICS

New Zimbabwe Airforce boss named

Air Vice Marshal Shebba Shumbayaonda has replaced Perrance Shiri as Air Force boss on an acting basis, President Emerson Mnangagwa said at the unveiling of the name change of KG VI to Josiah Magama To...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

'Re-engage Govt on economy revival'

ZIMBABWEANS should capitalise on the new political dispensation and seek fresh engagement with Government leadership towards reviving the country's economy and fostering progressive development, an of...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe economy to grow by 4%, says RBZ

THE economy is projected to grow by 4 percent next year driven by a positive sentiment spurred by the new political dispension and anticipated good agriculture season, the Reserve Bank of Zimbabwe has...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

'Zimbabwe should compete for investment'

ZIMBABWE should compete with other states in implementing policies that attract foreign direct investment to boost economic growth, an official said.In the context of global and regional competition f...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zim, China seal new $213 million deal

The People's Republic of China yesterday extended a $153 million loan facility to Zimbabwe for the upgrade of the Robert Gabriel Mugabe International Airport, as the two countries continue to deepen t...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zanu-PF farm invaders resist eviction

ZANU-PF land invaders at Heany Junction Farm in Umguza, Matabeleland North, have filed an urgent High Court chamber application seeking an interdict order to stop their eviction by law enforcement age...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Military muscles into first post-Mugabe Cabinet

President Emmerson Mnangagwa appointed senior military officials to top posts in his first Cabinet on Friday in what is widely seen as a reward for the army's role in the removal of his predecessor, R...

By Reuters | Published: 07 December 2017

OPINION

Chinamasa's fine balancing act

ZIMBABWEANS wait with bated breath for Finance Minister Patrick Chinamasa's 2018 National Budget Statement, which he is expected to present this afternoon; outlining macro-economic and fiscal objectiv...

By Clive Mphambela | Published: 07 December 2017

BUSINESS NEWS

Buyanga sued over property transfer deal

A LOCAL property mogul, Frank Tawanda Buyanga, has been taken to court by a Harare man, Collin Cecil Rose over a botched property transfer deal signed 10 years ago.Rose recently filed a court applicat...

By Staff reporter | Published: 07 December 2017

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