POLITICS

Alternative Mining Indaba held

Small scale miners from Matabeleland South Province converged in Gwanda during the provincial Alternative Mining Indaba to discuss challenges affecting the sector.The miners drawn from the seven distr...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

'Import ban fuels forex shortages'

A ban in the importation of at least 100 basic consumer goods imposed by government last year fuelled foreign currency shortages after recovery of local companies increased demand for forex, Reserve B...

By Staff reporter | Published: 07 September 2017

OPINION

Cash crisis and bank power politics in Zimbabwe

MONEY shortages in Zimbabwe have changed power politics at banks, once again, bringing back the nation's old pastime - queuing.The customer, who normally should be king, is now subservient to the secu...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Diasporans can help turn Zimbabwe economy

ZIMBABWEANS in the Diaspora have the capacity to contribute significantly towards reviving the country's ailing economy, which is afflicted by low levels of foreign investment.Diaspora Infrastructure ...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Beitbridge town seeks investment partnerships

BEITBRIDGE Town Council is seeking investment partnerships to develop key infrastructure and other major capital projects on a private public partnerships basis.Council chairperson, Mrs Showa Moyo sai...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Zimbabwe earns $3.2 billion forex in 8 months

ZIMBABWE'S foreign currency receipts rose 6,6 percent to $3,2 billion in the eight months to August from $3 billion in the comparable period last year, buoyed by mineral earnings, according to central...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Forex shortages spur price hikes in Zimbabwe

CHALLENGES faced by retailers in securing foreign currency to import products, especially commodities local industry is not able to produce, have resulted in sporadic price increases that have put pre...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Retailers struggle to process foreign payment

Zimbabwe's retail sector is reeling from foreign payment delays with some claiming they will soon be retrenching as sales have been waning on the back of payment delays. RBZ governor John Mangudya and...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Govt reinstates Mildred Chiri as auditor general

Government has clandestinely brought back auditor general, Mildred Chiri, who was unceremoniously dismissed from her job in July, triggering a furore from the legislators. Chiri said that she was back...

By Staff reporter | Published: 07 September 2017

POLITICS

Mugabe meets Zim business as crisis intensifies

PRESIDENT Robert Mugabe will today meet business leaders to discuss the country's economic emergency, just as retailers warned his government this week of imminent food shortages caused by a worsening...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

'Zim depositors have no right to demand forex'

NON-EXPORTING depositors have no right to demand foreign currency from local banks because they are not generating any, Barclays Bank of Zimbabwe (Barclays) chief executive officer, George Guvamatanga...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Zim millers need $22m for fortification

Local millers need a whopping $22 million dollars to implement the government directed food fortification programme which they argue needs specialized people and laboratories to achieve the intended r...

By Staff reporter | Published: 07 September 2017

OPINION

Zimbabwe bond note myth is exposed

The wheels have come off Chinamasa's mystic wagon, the unorthodox attempt to get around fundamental rules and principles of economics have failed, his cosmetic fiscal tactics are finally exposed as we...

By Jacob Mafume PDP Spokesperson | Published: 06 September 2017

BUSINESS NEWS

IDBZ mobilizing $35m for students residences

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has started mobilising $35 million needed to finance the first phase of constructing student accommodation at State universities.The total cost ...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Zimtrade tackles trade deficit

Zimtrade is seeking ways of reducing a trade deficit of $1.2 billion recorded in the first seven months of this year by engaging exporters and looking for ways of boosting productivity in critical sec...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Mnangagwa's plan to rebuild Zim after Mugabe

In January, a photograph appeared in Zimbabwe's media showing Vice President Emmerson Mnangagwa enjoying drinks with a friend. In his hand was a large novelty mug emblazoned with the words: "I'M THE ...

By Joe Brock and Ed Cropley | Published: 06 September 2017

POLITICS

Tsvangirai, Khupe to bury hatchet?

Sanity could soon return to the country's largest opposition party as the quarrelling parties - MDC leader Morgan Tsvangirai and his deputy, Thokozani Khupe - signalled their desire yesterday to smoke...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Outcry over delayed Egodini Mall project

FRUSTRATED Bulawayo residents have expressed grave concern over delayed commencement of the much awaited multi-million dollar Egodini Mall project, despite assurances by the authorities.The project w...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Zinara still to disburse funds to Beitbridge

THE Zimbabwe National Road Administration (Zinara) has not disbursed funds for road maintenance to Beitbridge Town since the beginning of the year.The funds are urgently needed to upgrade the town's r...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Econet unveils youth empowerment initiative

Zimbabwe's largest mobile network operator Econet Wireless Zimbabwe (Econet) yesterday unveiled a youth empowerment initiative, Elevate Virtual Agent Programme (Evap), which is expected to create 25 0...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

NSSA to invest $18 million in CSC

CABINET has approved investment of $18 million towards the revival of the Cold Storage Company (CSC) by the National Social Security Authority (NSSA).Deputy Minister of Agriculture, Mechanisation and ...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Millers sue Zim govt over food fortification

THE Grain Millers Association of Zimbabwe (GMAZ) has filed an application at the High Court seeking to block the Government from implementing the recently introduced mandatory food fortification.In th...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Binga anthrax outbreak under control

THE country has contained an anthrax outbreak that killed one person and infected 56 in April this year when villagers in Binga ate meat from infected dead hippos. According to the Ministry of Health ...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Workers drag NSSA to court over bonus

NEARLY 600 National Social Security Authority (NSSA) employees have taken the authority to the High Court seeking to compel it to pay them their annual bonus for 2016.Last year, NSSA did not pay out b...

By Staff reporter | Published: 06 September 2017

OPINION

Zimbabwe is the hottest stock market of 2017

The Zimbabwe Industrial Index, which is the main index on the exchange that contains every company except for a handful of mining stocks, is up almost 64% on the year in USD terms. The next best stock...

By investmentfrontier.com | Published: 05 September 2017

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