BUSINESS NEWS

Harare-Beitbridge roadworks on course

Government and Geiger International are expected to meet all preconditions set to kick-start dualisation of the $1 billion Harare-Beitbridge Highway by end of September, a senior Government official ...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Chinamasa commissions 1,6MW power plant

FINANCE and Economic Development Minister Patrick Chinamasa yesterday launched a $5,7 million state-of-the-art Kupinga hydropower station which has a rated capacity of 1,6MW.The small hydro power sta...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Ref-Air seeks $300k retooling package

REFRIGERATION and Air Conditioning Services (Ref-Air) has engaged the Ministry of Industry and Commerce seeking support in raising $300 000 for retooling so as to meet export needs.The Bulawayo-based ...

By Staff reporter | Published: 27 August 2017

BUSINESS NEWS

Beitbridge in goat value chain production

SMALL holder farmers have been urged to increase goat rearing as the animals are tolerant to drought and could assist communities' resistance to socio-economic shocks.Beitbridge Rural District Counci...

By Staff reporter | Published: 28 August 2017

POLITICS

Tsvangirai's health under the spotlight

A document signed by the MDC and some fringe opposition parties forming an alliance has unwittingly exposed deep-seated concerns within the country's biggest opposition party that its leader Morgan T...

By Staff reporter | Published: 28 August 2017

POLITICS

Mugabe pleads for land reform financial support

PRESIDENT Robert Mugabe yesterday pleaded for financial support for the much-hyped land reform programme, which has largely remained underfunded amid lack of productivity at most acquired farms.Mugab...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Beitbridge runs out of fuel

Motorists in the border town of Beitbridge on Thursday survived on illegal fuel vendors whose business was brisk.Enterprising fuel vendors camped near service stations to capture disappointed motoris...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Kupinga hydro power project commissioned

Government has commissioned a US$5.7 million hydro power project in Chipinge as more incentives are being extended to private players to invest in power generation.Guest of honour at the launch of Kup...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Zim expects $700m budget deficit for 1H 2017

GOVERNMENT is expected to have accumulated a budget deficit of around $700 million during the first half of this year, far above the full year projection of a $400 million deficit, a Treasury source ...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

ZAMCO seeks to sell distressed loans

THE Zimbabwe Asset Management Company (ZAMCO) has started to engage various investors interested in purchasing its distressed loan portfolio, chief executive Cosmas Kanhai has said.ZAMCO, created in 2...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

IDC cedes Olivine stake to Treasury

THE Industrial Development Corporation (IDC) has relinquished its stake in troubled fast moving consumer goods manufacturer, Olivine Industries, to the Ministry of Finance and Economic Development.Th...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Unions, employers upset over NECs

THE Employers' Confederation of Zimbabwe (EMCOZ) and the Zimbabwe Congress of Trade Unions (ZCTU) have expressed concern over government's engagement of National Employment Councils (NECs) for input i...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Zim cooking oil exports fail to sizzle

ZIMBABWE'S edible oils sector has recovered and is producing a surplus, but is unable to make inroads into the regional export market due to lack of price competitiveness, an industry body has said.Up...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

IDBZ partners Dutch firm

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has partnered a Dutch firm called Rebel International Group, which specialises in infrastructure finance and investment, to construct new school...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Zimbabwe govt issues rules for power grid use

GOVERNMENT has come up with guidelines to regulate the country's growing electricity industry to maintain order and create accountability in the use of the national transmission grid.The rules are de...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Aurex begins gold jewellery exports

THE central bank's jewellery making subsidiary, Aurex Jewellery (Aurex), has started exporting gold chains and bangles to Dubai and is planning to extend its market to America.Aurex general manager, P...

By Staff reporter | Published: 24 August 2017

POLITICS

Robert Mugabe day an insult to Zimbabweans

THE Movement for Democratic Change (MDC) party, led by Morgan Tsvangirai, has expressed "shock and complete disappointment" over a recent decision by government to declare President Robert Mugabe's bi...

By Staff reporter | Published: 24 August 2017

POLITICS

Grace Mugabe immunity challenged

Gabriella Engels, the South African woman who was allegedly assaulted by Zimbabwe's First Lady Grace Mugabe, has taken the first step to challenge the South African government's decision to give her ...

By BBC | Published: 24 August 2017

POLITICS

Grace Mugabe strikes again

FIRST Lady Grace Mugabe yesterday reportedly intensified her bid to evict Arnold Farm villagers to pave way for the expansion of her business empire in Mazowe, with Zanu-PF youth members allegedly des...

By Staff reporter | Published: 24 August 2017

OPINION

Innovation, technology critical for agric development

The need for investment in Zimbabwe's agricultural sector by local and international corporations has become a necessity for a steady growth of our economy.Zimbabwe's premier showcase, the Harare Agri...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Dead capital lying around in Zim, says Chinamasa

FINANCE minister Patrick Chinamasa says the country has too much dead capital in relation to housing and that homeowners must use their houses to borrow money to start businesses to support the econom...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Investors use Old Mutual to repatriate funds outside Zim

ACCORDING to market players, investors are using Old Mutual as a way of repatriating their investments outside the country.This comes as Old Mutual traded at $4.02 at the close of trade on Monday on t...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Medical insurance law on cards

The government has begun consulting stakeholders with health insurers, as it steps up efforts to craft enabling legislation to regulate the functions of medical aid societies.Health ministry permanent...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Chinese firm seeks national project status

ZHEJIANG Bayong Highway Engineering International, the Chinese company contracted to undertake construction work for the dualisation of the $1 billion Beitbridge -Harare Highway, has approached the Mi...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Harare to spend big on infrastructure projects

The Harare City Council (HCC) on  Wednesday invited public input into its intention to issue a $100  million bond to finance several infrastructure development projects in the capital.Last m...

By Staff reporter | Published: 23 August 2017

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