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FINANCIAL SERVICES

NMB stockpiles Govt commercial paper

NMBZ Holdings has increased its portfolio of Treasury Bills (TBs) by 27,1% during the year to December 31,2018 to US$117,2m. In 2017, the group's TBs holding stood at US$92,2m.The financial results fr...

By Staff reporter | Published: 02 May 2019

FINANCIAL SERVICES

StanChart rolls out retail digital banking

The country's oldest financial institution, Standard Chartered Bank Zimbabwe (StanChart), is planning to strengthen its franchise by rolling out its first digital banking platform for its retail custo...

By Staff reporter | Published: 02 May 2019

TRANSPORT & TOURISM

NRZ blames Mnangagwa's govt

THE National Railways of Zimbabwe (NRZ) has dismissed media reports suggesting that some of the parastatal's top managers were sabotaging the US$400 million recapitalisation project to save their jobs...

By Staff reporter | Published: 02 May 2019

LANDS & AGRICULTURE

Tea growers need machinery

Tea growers in Honde Valley are seeking assistance to buy equipment to speed up the pruning of their plants in preparation for the resumption of production in September. Honde Valley Tea Growers Assoc...

By Staff reporter | Published: 02 May 2019

LANDS & AGRICULTURE

Zimbabwe govt contracts more wheat farmers

GOVERNMENT is in the process of contracting more wheat farmers for the winter cropping season, an Agritex official has said. Manicaland Agritex Livestock and Crops officer Mr Cephas Mlambo said they w...

By Staff reporter | Published: 02 May 2019

MINING & RETAIL

Gold mobilisation task force sent out

The Ministry of Mines and Mining Development has dispatched the Gold Mobilisation National Taskforce to the country's eight mining provinces in a bid to shore up deliveries to state buyer, Fidelity Pr...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Government to leverage on equities market

Government has said there is no 'blanket prescription' for the disposal of public assets, but will leverage on the Zimbabwe Stock Exchange (ZSE) to commercialise several state enterprises. It expects ...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Mnangagwa's Cabinet okays provision of forex for basic goods

Cabinet has resolved to avail foreign currency to manufacturers of basic goods for the acquisition of raw materials so as to arrest the unjustified price increases obtaining in the country. The decisi...

By Staff reporter | Published: 02 May 2019

POLITICS

ZCTU, MDC threaten fresh protests

ZIMBABWE'S main opposition party the MDC and labour federation the Zimbabwe Congress of Trade Unions (ZCTU) have both threatened rolling mass action "to bring independence" to the country.MDC leader N...

By newzimbabwe | Published: 01 May 2019

POLITICS

Zanu-PF youths threaten businesses

ZANU-PF youth league yesterday threatened to deal with shops which are increasing prices of goods saying they want people to demonstrate and overthrow the government.This comes as the cost of living i...

By Staff reporter | Published: 01 May 2019

POLITICS

'Mnangagwa's govt seized with economic crisis'

President Emmerson Mnangagwa yesterday met members of the Presidential Advisory Council (PAC) amid the deteriorating economic situation in the country which has seen prices of basic goods skyrocketing...

By Staff reporter | Published: 01 May 2019

POLITICS

Zimbabwe army commander sued for abduction, assault

A HARARE man has dragged the Zimbabwe Defence Forces (ZDF) commander Edzai Chimonyo to the High Court demanding $15 000 compensation, claiming he was abducted and assaulted by soldiers in November 201...

By Staff reporter | Published: 01 May 2019

POLITICS

Workers not intimidated by Mnangagwa govt threats

IN SPITE of the hair-raising threats issued by Home Affairs minister Cain Mathema on Monday, government has been told to brace for wildcat protests as the country's embattled workers demand solutions ...

By Staff reporter | Published: 01 May 2019

POLITICS

Chamisa will be at the helm of MDC for the next 5 years

MDC bigwigs vying for top positions at the party's looming congress will next week come under scrutiny when they meet ordinary members to pitch their plans ahead of the big gathering set for Gweru lat...

By Staff reporter | Published: 01 May 2019

POLITICS

MDC to defy Tsvangirai family request

THE Nelson Chamisa-led MDC yesterday said the requirement by the Tsvangirai family not to bring regalia has no effect because all MDC members are also the Tsvangirai family.The family of the late MDC ...

By Staff | Published: 01 May 2019

ZIMBABWE

'Govt not interfering with interbank market rate'

INDUSTRY and Commerce minister Mangaliso Ndlovu, pictured, has allayed fears government is interfering with the interbank market exchange rate saying such accusations are unfounded. This comes after c...

By Staff reporter | Published: 01 May 2019

FINANCIAL SERVICES

CBZ Holdings sitting on US$2,44bn asset base

CBZ Holdings Limited reported that its asset base grew to US$2,44 billion in the full year to December 2018 from US$2,1 billion in the previous year, making it one of the largest companies by asset si...

By Staff reporter | Published: 01 May 2019

FINANCIAL SERVICES

ZB mobilises offshore lines of credit

ZB Financial Holdings says it has successfully mobilised offshore lines of credit to support the productive sector of the economy as the group increased its profit after tax by 54% to US$21,8 million ...

By Staff reporter | Published: 01 May 2019

POLITICS

MDC Midlands to re-run district congress

MDC Midlands province has been ordered by the party's national organising committee to re-run district congresses where the electoral process was marred by irregularities.Takavafira Zhou, the MDC Midl...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

Newly-commissioned road needs repairs

The newly-constructed 2,4km West Road in Tshovani Township in Chiredzi, which was funded by the Zimbabwe National Road Administration (Zinara) at a cost of ZWL$510 000 and commissioned by Masvingo Pro...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

ZITF needs overhaul

ECONOMIC analysts have called for the sub-division of the Zimbabwe International Trade Fair (ZITF) into sector-driven fairs as the business exhibition is struggling to attract big international corpor...

By Staff reporter | Published: 01 May 2019

POLITICS

Japajapa's 'rigged' elections case remanded for ruling

A HARARE magistrate has set May 17 as the day he will make a ruling on MDC Alliance activist Paddington Japajapa, who is accused of inciting the political violence which rocked the capital on August 1...

By Staff reporter | Published: 01 May 2019

POLITICS

Mnangagwa's dialogue initiatives aren’t genuine, says Muzorewa

Since its formation in the late 1970s, the United African National Council (UANC) led by then Zimbabwe-Rhodesia leader Bishop Abel Muzorewa disappeared, only to resurface in 2018 under the leadership ...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

Gweru to decommission Gwenoro Dam

Gweru City Council has announced plans to decommission its major supplier, Gwenhoro Dam, by October as the water source is left with only six months' supplies, a senior council official has said.Actin...

By Staff reporter | Published: 01 May 2019

CONSTRUCTION & PROPERTY

Zimre records US$1,42m loss after property arm restructuring

ZIMRE Property Investments Limited (ZPI) says the restructuring of its portfolio led to a loss of US$1,42 million for the year ended December 31, 2018 from a profit after tax of US$2,48 million in the...

By Staff reporter | Published: 01 May 2019

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