ZIMBABWE

Risks in hotel investment in Zimbabwe

The Hotel Investment Conference Africa for 2013 was hosted in Durban this week.http://www.youtube.com/watch?v=F3h2fHeN3oc ...

By abndigital | Published: 10 June 2013

ZIMBABWE

Zimbabwe diamonds flood Dubai

FOR years, Zimbabwe has faced disapproval for its human rights abuses, farm seizures and political repression.International sanctions have targeted President Robert Mugabe's inner circle and the coun...

By Financial Times | Published: 10 June 2013

ZIMBABWE

All not rosy for Zim women cross border traders

IT'S just after sunset and temperatures are fast dropping to almost freezing point at Park Station in Johannesburg, South Africa.The chilly weather is making everyone numb.But Sandra Phiri from Bula...

By Staff reporter | Published: 10 June 2013

ASIA PACIFIC

Western retailers to compensate victims of Bangladesh disaster

Two Western retailers have promised to compensate families of garment workers killed while making their clothes in a Bangladesh factory building that collapsed last week in the country's worst indus...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Zim women miners eye US$200m deal for diamond mining

The Zimbabwe Women in Mining is negotiating for a US$200 million deal with a South African investor to sponsor women to mine diamonds in the Chiadzwa area of Marange, an official has said.Four diamo...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

'Zimbabwe has potential to be a $100 billion economy'

ZIMBABWE has potential to achieve a US$100 billion economy earlier than 2020, despite a ballooning external debt overhang and only requires right leadership and personality, a former finance ministe...

By Moses Chibaya | Published: 10 June 2013

ZIMBABWE

Harare companies dominate ZITF

THIS year's edition of the Zimbabwe International Trade Fair (ZITF) is dominated by Harare companies who make up 57% of local exhibitors, with Bulawayo firms accounting for 35%.More than 100 firms h...

By Nqobile Bhebhe | Published: 05 June 2013

AFRICA

2013 finalists for African innovation announced

Ten African innovators have developed practical solutions to some of the continent's most intractable problems.Chosen from more than 900 applications from 45 countries, the finalists for the Innovati...

By Kofi Adu Domfeh | Published: 05 June 2013

ZIMBABWE

Zimra's continuous system failure affects car importers

CAR importers using Beitbridge Border Post continue to encounter delays in clearing their vehicles due to a continuous system failure of the Zimbabwe Revenue Authority (Zimra)'s, newly introduced cle...

By Beitbridge Reporter | Published: 05 June 2013

ZIMBABWE

'The time to invest in Zimbabwe is now,' says Tsvangirai

Prime Minister Morgan Tsvangirai says the time to invest in Zimbabwe is now and not after the elections.Tsvangirai said this in a speech read on his behalf at the national business conference at the ...

By Staff reporter | Published: 05 June 2013

ZIMBABWE

Zimbabwe's grain reserve running dangerously low

Zimbabwe's grain reserves are running dangerously low ahead of new but poor harvests caused by erratic rain, an independent continent-wide development bank said Wednesday.The African Development Bank...

By AP | Published: 05 June 2013

ZIMBABWE

Kasukuwere denies Zimbabwe indigenisation policy changes

Indigenisation Minister Saviour Kasukuwere on Wednesday said the ministry has not changed its legislative framework.This refutes reports by state newspaper The Sunday Mail that there have been amen...

By Staff reporter | Published: 05 June 2013

ZIMBABWE

Mayor of Bulawayo welcomes exhibitors and visitors to ZITF

MESSAGE from His worship the Mayor of Bulawayo, Councillor Thaba Patrick Moyo, to welcome exhibitors and visitors to the 2013 Zimbabwe International Trade Fair.The City of Bulawayo is proud to host e...

By Staff Reporter | Published: 05 June 2013

ZIMBABWE

Zimbabwe's broad money supply growth declines

ANNUAL broad money supply growth declined by 12,1 percent in the 12 months to January 2013 in a negative development for an economy in need of credit, the African Development Bank has said.AfDB made...

By Golden Sibanda | Published: 05 June 2013

ECONOMC INDICATORS

Zimbabwe's unemployment rate tops 70%

Zimbabwe's unemployment rate remains very high at more than 70 percent with less than 900 000 people formally employed out of a 13 million population, a leading economist has said.John Robertson tol...

By Business reporter | Published: 10 June 2013

AFRICA

Egyptair resumes Zimbabwe flights

Egypt's national carrier, Egyptair, resumes flights between Harare and Cairo in June after a nine year absence,  and is offering a 20 percent discount on ticket purchases between April 8 to 30 ...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

Biti released disbursements totalling over $51,5 million in 3 months

Tendai Biti, the Minister of Finance, has made capital disbursements totalling over US$51, 5 million to various critical sectors over the past three months.In his Treasury State of the Economy Rep...

By Ndou Paul | Published: 10 June 2013

ZIMBABWE

Zimbabwe's annual inflation rate drops

ZIMBABWE'S annual rate of inflation shed 0,22 percentage points on the February figure of 2,98 percent to 2,76 percent in March, the Zimbabwe National Statistics Agency has said.This means prices, a...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

Zim's hyperinflation era profiled

THE Macroeconomic and Financial Management Institute for Eastern and Southern Africa is working on documenting Zimbabwe’s country hyper-inflationary era to provide insights on how the country deal...

By Staff reporter | Published: 10 June 2013

ECONOMC INDICATORS

Zim's cost of living goes up

THE cost of living, as measured by the Consumer Council of Zimbabwe's low-income urban earner monthly basket for a family of six increased from the February figure of US$570,75 to US$573,22 in March...

By Business Reporter | Published: 10 June 2013

ASIA PACIFIC

World's largest maker of fuel from coal mulls selling Papua New Guinea assets

SASOL, the world's largest maker of fuel from coal, is considering the sale of its gas assets in the island-state of Papua New Guinea."Sasol is considering divesting from Papua New Guinea," Alex An...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

No Zim Dollar in the near future, says Mashakada

Minister of Economic Planning and Investment Promotion Dr Tapiwa Mashakada has assured possible investors over continued use of the multi-currency system at least until 2016.Mashakada allayed fears ...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe not yet ready to have its own currency, says Gono

RBZ governor Gideon Gono says Zimbabwe is not yet ready to have its own currency adding the country had to first address its burgeoning trade deficit.Gono said Zimbabwe remained heavily-dependent o...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe's economic recovery hazy, warns Gono

The Reserve Bank of Zimbabwe (RBZ) has that the economy's full recovery remains hazy as long as the country continues to rely on imports of finished products.Addressing the media after the central'...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Government wants informal sector to contribute in taxes

Government says there is a need to come up with a database of the informal industry so that it can contribute to national development through paying tax. While there are no official statistics on th...

By Mafu Sithabile | Published: 10 June 2013
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