BUSINESS NEWS

Chinamasa courts Arab funding

Finance and Economic Development minister Patrick Chinamasa has been invited to the Arab Bank for Economic Development (BADEA) headquarters in Khartoum, Sudan, to tie loose ends on a possible funding ...

By Staff reporter | Published: 27 May 2014

POLITICS

Zimbabwe backs down on indigenisation

ZIMBABWE is planning to tone down a controversial equity law which forces foreign companies to cede a majority shareholding to local investors, a Cabinet minister said yesterday.Zimbabwe's controversi...

By Sapa-AFP | Published: 26 May 2014

BUSINESS NEWS

Vic Falls Airport runway to be ready in December

CONTRACTORS at the Victoria Falls International Airport expansion project expect to have finished the new 4KM airstrip (runway) before the end of the year ahead of the completion of the whole project ...

By Leonard Ncube | Published: 26 May 2014

BUSINESS NEWS

$57m AfDB loan secured

Government has secured a $58 million facility from the African Development Bank for rehabilitation of water, sewer systems and power infrastructure for several local authorities. The projects are in l...

By Daniel Kachere | Published: 26 May 2014

OPINION

Gamification - not a new swear word

You would be forgiven for thinking that gamification describes a new type of weapons technology to shoot gamma rays. It is in fact a lot kinder than that: Gamification simply means using games to expo...

By Regenesys | Published: 26 May 2014

BUSINESS NEWS

Zimra suspends attachment of property

Zimra has suspended the attachment of property belonging to defaulting tax payers to give them room to raise money to pay off their arrears, a senior official said.ZIMRA head of audit for Manicaland ...

By Staff reporter | Published: 26 May 2014

BUSINESS NEWS

Zimra goes after defaulters

THE Zimbabwe Revenue Authority is carrying out impromptu visits to State enterprises and parastatals to establish their levels of tax compliance in view of salaries and perks for top managers. Source...

By Staff reporter | Published: 26 May 2014

BUSINESS NEWS

New World Bank country manager for Zimbabwe

THE World Bank has appointed Camille Nuamah as the new country manager for Zimbabwe, replacing Nginya Mungai Lenneiye, who has retired.Nuamah officially assumes her new role next month.Jamaican-born ...

By Staff reporter | Published: 26 May 2014

BUSINESS NEWS

Govt begins consultations on SEZs

Government is currently holding consultations with various stakeholders with the view to coming up with a Special Economic Zones (SEZ) model that is best suited to the Zimbabwean situation.Industry a...

By Staff reporter | Published: 26 May 2014

OPINION

Engagement - the key to performance

Now, more than any other time in history, performance drives business. The challenge is how to get to a reasonable measure of company performance that will also be a good performance predictor. In thi...

By Regenesys | Published: 18 May 2014

BUSINESS NEWS

Atlas Mara lining more investment in Zimbabwe?

Could Atlas Mara Co-Nvest Limited be lining up more investments in Zimbabwe? Well, it certainly is for Africa.Bob Diamond and Ashish Thakkar's Atlas Mara yesterday announced that would raise about $40...

By Staff reporter | Published: 14 May 2014

POLITICS

Civil servants pay dates changed

The Finance Ministry has moved pay dates for the civil service and pensioners for this month to between tomorrow and month-end. In a statement yesterday, Civil Service Commission Secretary Pretty Sung...

By Staff reporter | Published: 14 May 2014

POLITICS

'Zim broke to implement economic plan'

Zimbabwe has no funds to implement its five-year economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), Industry minister Mike Bimha has said.He said the pri...

By Staff reporter | Published: 14 May 2014

POLITICS

Finance Bill sails through Senate

The Financial Adjustment Bill, which seeks to condone unauthorised expenditure in Financial Year 2013, sailed through Senate yesterday. Finance Minister Patrick Chinamasa said the unauthorised expendi...

By Staff reporter | Published: 14 May 2014

POLITICS

Economy chokes Zanu-PF

In a bid to avert a looming economic crisis the ruling Zanu-PF government is launching a new economic offensive.Officials say in this fresh strategy, the ruling party will no longer be focused on robu...

By Staff reporter | Published: 13 May 2014

BUSINESS NEWS

China-Zimbabwe trade volumes double

Trade volumes between Zimbabwe and China doubled between 2010 and 2013 to $1,1 billion, the outgoing Chinese economic and commercial counsellor Han Bing said yesterday. Speaking at his farewell recept...

By Staff reporter | Published: 13 May 2014

BUSINESS NEWS

Indians to explore investment opportunities

A business delegation from India is expected in Zimbabwe at the end of the month to explore investment and trade opportunities in the country. The delegation, representing 10 Indian companies, will ar...

By Staff reporter | Published: 13 May 2014

BUSINESS NEWS

Recession fears for Zim economy

Zimbabwe's economy may slip into recession by 2015 if there are no fundamental policy shifts, according to Reserve Bank of Zimbabwe (RBZ) deputy governor Kupukile Mlambo. Mlambo said this while addres...

By Staff reporter | Published: 13 May 2014

BUSINESS NEWS

Zim records surplus in Q1

Government overturned a February deficit to post an operating surplus in March following the floating of Treasury Bills in the two months. Latest figures from the Accountant-General's Office show that...

By Staff reporter | Published: 13 May 2014

BUSINESS NEWS

SMEs want micro-finance banks established

The small to medium enterprises (SMEs) sector wants the Government to facilitate establishment of micro finance banks (MFBs) to enable it raise funds for its operations.SMEs Association of Zimbabwe f...

By New Ziana | Published: 12 May 2014

BUSINESS NEWS

ZimTrade explores new markets

ZimTrade is set to carry out market research in African countries such as Angola as it seeks to explore new markets for the local industries. Regional manager Similo Nkala said ZimTrade was embarking ...

By Staff reporter | Published: 12 May 2014

BUSINESS NEWS

Informal sector to claim higher stake of GDP

Zimbabwe's informal sector's contribution to the country's Gross Domestic Product is expected to increase in the outlook period, according to estimates by the Zimbabwe National Statistics Agency (ZimS...

By Staff reporter | Published: 12 May 2014

BUSINESS NEWS

$8 billion needed to revive Zim industry

Confederation of Zimbabwe Industries (CZI) president Charles Msipa says industry need at least $8 billion as working capital and for retooling to avoid further collapse currently happening in the sect...

By Staff reporter | Published: 12 May 2014

BUSINESS NEWS

Informal sector to claim higher stake of GDP

Zimbabwe's informal sector's contribution to the country's Gross Domestic Product is expected to increase in the outlook period, according to estimates by the Zimbabwe National Statistics Agency (ZimS...

By Lynn Murahwa | Published: 09 May 2014

POLITICS

Zim in bid for more China business

Zimbabwe wants to upgrade its terms of business with China in a bid to attract more inward investment and tourist dollars into the country as part of a wider attempt to revive its economy, said Hospit...

By South China Morning Post | Published: 09 May 2014

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