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OPINION

Financial illiteracy is our biggest enemy in Zimbabwe

I found a very interesting letter in one of my old books that I last read in 2004. It is a letter that I received from Barclays Bank (Zimbabwe), offering me a Z$1 million overdraft facility. Three yea...

By Hopewell Chin'ono | Published: 12 September 2018

INDUSTRIALS & ENERGY

Petrotrade in $3,75m tax profit

State petroleum company, Petrotrade has - for the third year running declared a dividend to Government after registering an after tax profit of $3,75 million for the year ended December 2017. Speaking...

By Staff reporter | Published: 12 September 2018

LANDS & AGRICULTURE

Mtsambiwa appointed Tongaat Hulett CEO

Johannesburg Stock Exchange-listed sugar producers Tongaat Hulett Limited, has appointed Zimbabwean Sydney Mtsambiwa as its interim chief executive officer. This follows the pending retirement of curr...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Zimbabwe gets new IMF representative

THE International Monetary Fund has a new resident representative in Zimbabwe, Patrick Amir Imam. Mr Imam, who prior to his posting to Zimbabwe was IMF representative for Madagascar, takes over from M...

By Staff reporter | Published: 12 September 2018

MINING & RETAIL

Prospect Lithium secures $10m export facility

AUSTRALIA Stock Exchange (ASX) listed Prospect Resources, says its Zimbabwean unit, Prospect Lithium Zimbabwe, has secured $10 million export finance facility from the Reserve Bank through CBZ Bank Li...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Chinese firm seeks to build new Victoria Falls Bridge

Chinese construction giant, China Communications Construction Company (CCCC) has submitted a proposal to Government for the construction of a new state-of-the-art bridge in the resort town of Victoria...

By Staff reporter | Published: 11 September 2018

POLITICS

Ex-ministers get new jobs

THE ruling Zanu-PF party has deployed a number of former ministers who were dropped fromPresident Emmerson Mnangagwa's Cabinet to the party headquarters where they will take up full-time jobs.Addressi...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

Mthuli Ncube has a cash crisis plan

NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube says government expects to announce a plan to tackle the on-going currency crisis by month-end and confirmed that he expects to r...

By Staff reporter | Published: 11 September 2018

OPINION

Zimbabwe's new Cabinet: A patronage, merit alchemy?

ZIMBABWEAN President Emmerson Mnangagwa, following a disputed narrow victory in July which had to be validated by the Constitutional Court in August, appointed a new Cabinet on Friday, September 7.Thi...

By Washington Katema | Published: 11 September 2018

OPINION

Mugabe has to rejoin Zanu-PF from cell level, says War vets

War veterans recently held a Press conference and chided former President Robert Mugabe after the latter turned his back on President Emmerson Mnangagwa on election eve, saying he would not vote for p...

By Staff reporter | Published: 11 September 2018

POLITICS

Man arrested for 'insulting Mnangagwa'

In a case reminiscent of the former president Robert Mugabe era, where several citizens where dragged to court for undermining his authority, a commuter omnibus driver here, David Ndlovu, has been arr...

By Staff reporter | Published: 11 September 2018

FINANCIAL SERVICES

First Money Microfinance launches Debit Card

First Money Microfinance Services (FMFS), a fintech with seven branches nationwide, has launched a debit card in partnership with StewardBank.The innovation called iSave debit card allows customers of...

By Staff reporter | Published: 11 September 2018

TELECOMS & TECHNOLOGY

Potraz intensifies consumer awareness campaigns

The Postal and Telecommunications Regulatory Authority of Zimbabwe has increased visibility in most rural areas, after canvassing the country's 10 provinces, teaching mobile network providers' consume...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

New transport management system to improve efficiency

Zimbabwe has signed an integrated transport management system, which seeks to bring together five key elements of road policing, efficient use of national infrastructure and coordination of informatio...

By Staff reporter | Published: 11 September 2018

POLITICS

Komichi trial date set

The trial of MDC Alliance chairperson Morgen Komichi, who stands accused of attempting to disrupt the announcement of presidential election results by the Zimbabwe Electoral Commission (Zec) has been ...

By Staff reporter | Published: 11 September 2018

POLITICS

Chamisa faces arrest

Government will not hesitate to arrest MDC Alliance leader Nelson Chamisa, if he proceeds to swear himself as president. This follows declaration by Chamisa over the weekend that he would convene an a...

By Staff reporter | Published: 11 September 2018

POLITICS

Grace Mugabe, Jonathan Moyo in nasty fallout

FORMER First Lady Grace Mugabe's stunning summersault from being a critic of President Emmerson Mnangagwa to a "prayer warrior" for the new Zanu PF leader has attracted the scorn of one of her ardent ...

By Staff reporter | Published: 11 September 2018

POLITICS

Mnangagwa working to end Zimbabwe's isolation

FOREIGN Affairs minister Sibusiso Moyo yesterday said the country was working hard to end its international isolation and foster economic development.In an interview yesterday at the State House on th...

By Staff reporter | Published: 11 September 2018

LANDS & AGRICULTURE

Sable Chemicals warns of fertiliser crisis

SABLE Chemicals Industries (Sable), Zimbabwe's only manufacturer of ammonium nitrate (AN), says it will only be able to meet just about 38% of national demand this year.AN is a top-dressing fertiliser...

By Staff reporter | Published: 11 September 2018

POLITICS

Politburo agreed to retain Mudenda as the Speaker

PARLIAMENT today elects the Speaker of the National Assembly, Senate President and their deputies. Zanu-PF yesterday caucused on the matter at the ruling party headquarters in Harare. The appointments...

By Staff reporter | Published: 11 September 2018

POLITICS

Obert Mpofu redeployed to Zanu-PF HQ

SEVERAL former ministers who did not make it into the 20-member Cabinet announced by President Mnangagwa last week were yesterday redeployed to work at the Zanu-PF headquarters as full time employees,...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

ZimTrade board appoints new substantive CEO

THE ZimTrade board has announced the appointment of Mr Allan Tawanda Majuru as the new substantive chief executive officer for the country's trade promotion agency with effect from 1 September 2018. T...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

Industry ready to work with new Cabinet

INDUSTRY executives have expressed readiness to work with the new Cabinet to transform the economy and applauded President Emmerson Mnangagwa for appointing competent personnel. The economy is set to ...

By Staff reporter | Published: 11 September 2018

TRANSPORT & TOURISM

ZTA honours best stand exhibitors

THE Zimbabwe Tourism Authority (ZTA) on Friday presented awards to best stand exhibitors at the just-ended Sanganai/Hlanganani World Tourism Expo that was held in Bulawayo. A total 11 companies scoope...

By Staff reporter | Published: 11 September 2018

POLITICS

Mnangagwa's Ministers ready to roll

NEW Cabinet Ministers sworn-in yesterday pledged to bring about sweeping changes in Government and ensure Zimbabwe becomes a middle income economy by 2030. The 20 Cabinet Ministers - who took oath of ...

By Staff reporter | Published: 11 September 2018
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