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POLITICS

'Grace Mugabe owns Wellcash'

Local Government minister July Moyo was yesterday grilled in Parliament over government's engagement of a company owned by former first lady Grace Mugabe as debt collectors in several local authoritie...

By Staff reporter | Published: 27 September 2018

TRANSPORT & TOURISM

Fastjet set to fly 500,000 passengers

LOW-cost airline Fastjet says it is on course to fly almost 500 000 passengers on its Zimbabwean routes this year.Hein Kaiser, the group's spokesperson, said the regional airline carries around 40 000...

By Staff reporter | Published: 27 September 2018

INDUSTRIALS & ENERGY

Archer Clothing reports drop in orders

BULAWAYO textile giant, Archer Clothing Manufacturers, says it is struggling to process orders owing to a shortage of foreign currency for importation of inputs, machinery and equipment.The company es...

By Staff reporter | Published: 27 September 2018

MINING & RETAIL

30 000 artisanal miners register to regularise operations

ONLY 30 000 of the estimated 1,5 million artisanal and small-scale miners have regularised their operations owing to high levies charged by government, Zimbabwe Miners Federation president Henrietta R...

By Staff reporter | Published: 27 September 2018

POLITICS

Kagame pleads Mnangagwa's case

AFRICAN Union (AU) chairperson and Rwandan leader, Paul Kagame has made an impassioned plea for the international community to give Zimbabwe's President Emmerson Mnangagwa "a chance" to allow the coun...

By Staff reporter | Published: 27 September 2018

INDUSTRIALS & ENERGY

Simbisa's profits surge 139% in FY2018

SIMBISA Brands Limited (Simbisa), a public-listed company that owns, operates, and franchises quick service restaurants in Africa, has reported a more than double growth in net income in the full-year...

By Staff reporter | Published: 27 September 2018

OPINION

Chamisa about to sell out to Mnangagwa?

PRESIDENT Emmerson Mnangagwa's new charm offensive to woo his rival by creating a formal "office of the leader of the opposition" leaves MDC Alliance leader Nelson Chamisa navigating potentially the m...

By Editorial - newsday | Published: 27 September 2018

INDUSTRIALS & ENERGY

AfDB begins to secure $4bn for Batoka development

THE African Development Bank (AfDB) has begun implementation of a resource mobilisation plan to secure an estimated $4 billion for the development of the 2 400 megawatts Batoka Gorge Hydro Electricity...

By Staff reporter | Published: 27 September 2018

POLITICS

Mnangagwa gets World Bank support

THE World Bank will support Zimbabwe's economic recovery and international debt clearance efforts, a senior official of the multilateral lender has said. Yesterday, World Bank vice-president for Afric...

By Staff reporter | Published: 27 September 2018

INDUSTRIALS & ENERGY

Proplastics basks in good business

PLASTIC pipes and fittings manufacturer, Proplastics Limited, recorded a strong performance in the first six months of 2018 with a 70 percent jump in revenue from $6,3 million to $10,8 million when co...

By Staff reporter | Published: 27 September 2018

POLITICS

'Mnangagwa crafting laws to accommodate Chamisa'

THE Government is in the process of setting up legal frameworks that allow for the accommodation of the "Office of the leader of the Opposition" as part of building institutions of governance in the S...

By Staff reporter | Published: 27 September 2018

TRANSPORT & TOURISM

International airlines raise red flag over funds

INTERNATIONAL airlines operating in Zimbabwe are reportedly contemplating cancelling their routes after failing to recover a cumulative more than $130 million repatriation funds they are owed by the c...

By Staff reporter | Published: 27 September 2018

MINING & RETAIL

RioZim loses court case

Diversified mining group, RioZim Ltd's latest attempt to have the loan it obtained from Trust Bank reduced to $500 000 from $1,8 million suffered another setback after the High Court of Zimbabwe dismi...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Prices zoom out of control

The price of cooking oil has shot up by more than 20 percent, adding to the cost-push inflationary pressures triggered by the recent wave of price adjustments. A survey showed that the standard price ...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Brainworks eyes 2019 ZSE listing

Brainworks Limited is planning a secondary listing on the ZSE by 2019, a move it said is aimed at consolidating its growth strategy. The Mauritius-registered investments holding company made its initi...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Mthuli Ncube sweats over funding

NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engag...

By Staff reporter | Published: 21 September 2018

POLITICS

Mnangagwa moves to thwart military threat

IN the aftermath of the recent general elections which gave him some semblance of political legitimacy, albeit a hotly-disputed presidential poll, President Emmerson Mnangagwa is now making bold yet r...

By Staff reporter | Published: 21 September 2018

POLITICS

Chamisa's MDC anniversary celebrations next week

The Nelson Chamisa-led MDC has rescheduled its 19th anniversary celebrations to next week at Gwanzura Stadium after a ban on public gatherings due to a cholera outbreak.Chamisa, last week, called off ...

By Staff reporter | Published: 21 September 2018

POLITICS

Zanu-PF looks to revive business empire

President Emmerson Mnangagwa's ruling Zanu-PF is looking to revive its fallen business empire, crippled by gross mismanagement and corruption.In an interview with the Daily News, the ruling party's ad...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Mthuli Ncube's biggest headache

NEWLY-appointed Finance minister Mthuli Ncube entered the national political scene with a lot of verve, making very ambitious pronouncements, including the scrapping of the bond note, among other loft...

By Zimind Comment | Published: 21 September 2018

BUSINESS NEWS

Zimbabwe Airways scandal sucks in Mugabe,Chikore, Gumbo

THE Zimbabwe Anti-Corruption Commission (Zacc) has launched an investigation into the controversial Zimbabwe Airways (ZimAirways) deal in a probe that has sucked in former president Robert Mugabe's so...

By Staff reporter | Published: 21 September 2018

POLITICS

Chamisa forces Victoria Falls mayor to step down

MDC Alliance leader Nelson Chamisa has ordered Victoria Falls mayor Somvelo Dhlamini to step down and make way for Margaret Varley whose nomination had been rejected by both councillors and residents,...

By Staff reporter | Published: 21 September 2018

POLITICS

12 Zimbabweans face the gallows in China

Twelve Zimbabweans, one man and 11 women face the death sentence in China unless President Emmerson Mnangagwa's government moves with speed to operationalise a prisoners' exchange programme with the A...

By Staff reporter | Published: 21 September 2018

POLITICS

Anxiety as Mnangagwa 'visits' RBZ

PRESIDENT Emmerson Mnangagwa made two surprise visits to the Reserve Bank of Zimbabwe on Tuesday, which generated a lot of anxiety among staff and the public after he spent a combined four hours at th...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Cops, vendors clash

VIOLENCE rocked Harare yesterday as police and vendors fought running battles as informal traders resisted efforts by government and council to remove them from the central business district as part o...

By Staff reporter | Published: 21 September 2018
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