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BUSINESS NEWS

Zimbabwe Immigration cleared 11,2 million travellers in 2018

The number of travellers, including tourists that were cleared at all the country's ports of entry and exit last year increased by nearly 5 percent to 11,2 million compared to 10,7 million in 2017, th...

By Staff reporter | Published: 19 January 2019

POLITICS

Khaya Moyo rejects ZimInd story

Zanu-PF secretary for Information and Publicity Simon Khaya Moyo has dismissed a story in yesterday's edition of the Zimbabwe Independent which insinuated that he said the ruling party was prepared to...

By Staff reporter | Published: 19 January 2019

MINING & RETAIL

Mphoko to be paid for 51% of Choppies

FORMER Vice-President Phelekezela Mphoko and his son, Siqokoqela, have exited Choppies Supermarkets after offering to be bought out of the company to end a protracted ownership wrangle. The Mphokos' l...

By Staff reporter | Published: 19 January 2019

POLITICS

Ox-drawn plough looter arrested as police pursue looters countrywide

Police have set up security checkpoints across the country to account for all hooligans who looted groceries and destroyed property during three-day violent protests orchestrated by the opposition MDC...

By Staff reporter | Published: 19 January 2019

POLITICS

Ex-MDC MP applauds Zimbabwe soldiers

The MDC-Alliance instigated violent protests witnessed early this week had nothing to do with an increase in the price of fuel or high cost of living among Zimbabweans, but part of the broader attempt...

By Staff reporter | Published: 19 January 2019

OPINION

Mnangagwa's govt has squandered immense goodwill

THE Zimbabwe Congress of Trade Unions (ZCTU) this week called a three-day stayaway to protest the government's decision to hike fuel prices amid a rapidly deteriorating economic environment and rising...

By Staff reporter | Published: 19 January 2019

OPINION

Zimbabwe protests: A tale of misery, sorrow

ERUPTING like a volcano that had lain dormant for several decades, the masses in Zimbabwe this week vented their anger on any object they came across - burning tyres, as well as barricading roads - th...

By Gumisai Nyoni | Published: 19 January 2019

OPINION

Zimbabweans need to find each other as a nation

As we begin 2019, there are key lessons from the coup and Zimbabwe's post-coup experiences. The key lessons going forward relate to ethical leadership, public sector performance management, service de...

By Brian Kagoro | Published: 19 January 2019

BUSINESS NEWS

Zimbabwe govt avails US$400m credit facility

GOVERNMENT has swiftly moved to avert a potential catastrophe by availing an emergency US$400 million credit facility to manufacturing companies for the importation of critical raw materials, the Zimb...

By Staff reporter | Published: 19 January 2019

POLITICS

Mnangagwa's soldiers in Boko Haram-style invasions

AT a private hospital in Harare on Wednesday, a mother lay between her two children, all writhing in pain from injuries sustained when masked soldiers attacked their home Boko Haram-style.After firing...

By Staff reporter | Published: 19 January 2019

ZIMBABWE

Zimbabwe equities market suspends trade

TRADING on Zimbabwe's equities market was suspended this week after mass protests and civil unrest unnerved investors in a week punctuated by clashes between state security agents and protestors in mo...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Local currency recipe for disaster

FINANCE minister Mthuli Ncube's recent pronouncements that Zimbabwe will revert to using its own currency, a decade after it abandoned the local dollar in favour of a basket of currencies is not feasi...

By Staff reporter | Published: 19 January 2019

FINANCIAL SERVICES

Economic turmoil threatens ZB topline

ZB Holdings sees its topline earnings growing 20% in the current financial year but warned this could be affected by the current economic turmoil that has seen cost structures shoot through the roof, ...

By Staff reporter | Published: 19 January 2019

POLITICS

More deadly protests lined-up in Zimbabwe

DEADLY street protests which brought Zimbabwe to a standstill this week have added impetus to calls by opposition parties and civil society organisations for President Emmerson Mnangagwa to agree to d...

By Staff reporter | Published: 19 January 2019

MINING & RETAIL

Mining sector to meet Chitando over forex allocation

MINE workers and the Chamber of Mines have agreed to approach the government and table a request for the sector to get at least 80% of their foreign currency earnings, businessdigest has learnt.This c...

By Staff reporter | Published: 19 January 2019

INDUSTRIALS & ENERGY

Imports push fridge makers to the edge

THE local refrigerator-manufacturing industry needs protection from imports as it is now cheaper to import than manufacture, a leading player, Capri, has said.The fridge maker, which ceased operations...

By Staff reporter | Published: 19 January 2019

ZIMBABWE

ZSE Top Ten Index swings into the black

The Zimbabwe Stock Exchange (ZSE) swung back into the black in the mid-week session after its top ten index put on a marginal 0,07 percent to close at 140,96 points, following a weak start to the seco...

By Staff reporter | Published: 11 January 2019

BUSINESS NEWS

Delta's AB InBev places $120m unremitted dividends, fees into RBZ saving

The world's largest brewer Anheuser-Busch InBev (AB InBev) has agreed to place the over $120 million owed to it in unremitted dividends and fees by Delta Corporation into the Reserve Bank of Zimbabwe ...

By Staff reporter | Published: 11 January 2019

BUSINESS NEWS

Chiwenga slams use of social media to cause panic buying

ACTING President Constantino Chiwenga has castigated abuse of social media to cause panic buying of fuel and other basic commodities. Officiating at the launch of the second phase of the centre pivot ...

By Staff reporter | Published: 11 January 2019

MINING & RETAIL

Barcelos invests in another Bulawayo outlet

Internationally-acclaimed Barcelos restaurant is set to invest $350 000 in opening a second branch in Bulawayo. The restaurant boasts of three outlets in the country and is set to open more this year....

By Staff reporter | Published: 11 January 2019

MINING & RETAIL

Falcon Gold closed

GOVERNMENT has ordered Falcon Gold Mining Company in Shurugwi and other mining concerns within its proximity to immediately cease operations as a safety measure following the collapse of Wanderer Mine...

By Staff reporter | Published: 11 January 2019

INDUSTRIALS & ENERGY

Art Corporation looks beyond borders

ART Corporation is looking to allocate US$3 million for capital expenditure this year as it aims to manufacture 50 000 batteries whilst strengthening its export position in the regional market.In full...

By Staff reporter | Published: 11 January 2019

BUSINESS NEWS

Delta on the brink

DELTA Corporation says it faced the gloomy prospect of halting all its business operations this month owing to a crippling foreign currency shortage that has paralysed the economy.To cushion itself fr...

By Staff reporter | Published: 11 January 2019

BUSINESS NEWS

Zimbabwe companies to collapse in 30 days

MANY manufacturers could be forced to halt operations if government fails to arrest the crippling currency crisis within the next 10 days as most companies are left with less than a month's stock of r...

By Staff reporter | Published: 11 January 2019

TRANSPORT & TOURISM

Tourists arrivals to Zimbabwe increase by 4%

TOURIST arrivals to Zimbabwe increased 4% in the nine months to September 2018 to 1,8 million from 1,7 million in the corresponding period the previous year as international perceptions of the country...

By Staff reporter | Published: 11 January 2019
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