Latest News

TRANSPORT & TOURISM

Sacked AirZim workers reject retrenchment deal

Sacked Air Zimbabwe (AirZim) workers have rejected the parastatal's retrenchment package, saying it had been imposed on them in violation of the Labour Act.The Daily News on Sunday can exclusively re...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Zim microfinanciers accept livestock as collateral

Some microfinance institutions are now accepting livestock as collateral to help rural-based and young entrepreneurs access project financing, Standardbusiness has learnt.Since the start of the year, ...

By Staff reporter | Published: 28 August 2017

OPINION

Dr Mangudya to blame for Zim cash crisis!

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya recently made d three disheartening statements concerning the current liquidity crisis.He said civil servants should not bother commercial banks...

By Blessing Machiva | Published: 28 August 2017

FINANCIAL SERVICES

Barclays deal irks Mugabe's nephew

INDIGENISATION minister Patrick Zhuwao is demanding a review of the sale of Barclays Bank of Zimbabwe to a Malawian financial institution, saying the deal might have violated Zimbabwe's laws, it has ...

By Staff reporter | Published: 28 August 2017

OPINION

Kwese TV ban exposes Mugabe's govt

The government's swift move to bar Econet Media's pay TV service last week was predictable, but deeply worrying because the regime is once again demonstrating that it is averse to reforms.Editorial C...

By Staff reporter | Published: 28 August 2017

LANDS & AGRICULTURE

Zimbabwe farmers cry out for $1 billion pie

Farmers' organisations say the over $1 billion that is injected annually into agriculture by banks is not serving its purpose as their members continue to struggle to access funding due to stringent r...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Zimbabweans big spenders, says Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says the country has big spenders of foreign currency who lack the entrepreneurship to generate export receipts.Mangudya told guests at a fundrai...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

$300 million for small power stations

GOVERNMENT is intensifying efforts to boost electricity generation, with over US$151 million worth of new small hydropower projects lined up while US$154 million has been secured for the repowering o...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Zera licenses Indo-Africa Power

THE Zimbabwe Electricity Regulatory Authority (Zera) has licensed Indo-Africa Power to construct, own, operate and maintain a solar power plant in Mutorashanga.In a statement on Wednesday, Zera said ...

By Staff reporter | Published: 28 August 2017

EDUCATION

$1 billion for Zimbabwe student loans

All students at institutions of higher and tertiary learning who are struggling to pay fees will start getting loans from September 2017 under a US$1 billion Government facility.CBZ, ZB and NMB banks;...

By Staff reporter | Published: 28 August 2017

POLITICS

'Grace Mugabe immunity invalid'

FIRST Lady Grace Mugabe faces the risk of prosecution in spite of her diplomatic immunity, as South Africa's Foreign States Immunities Act of 87 of 1981 states that if "death or injury" is committed,...

By Staff reporter | Published: 28 August 2017

LANDS & AGRICULTURE

Poultry feeds dominate stockfeed industry

THE manufacturing of poultry feeds continued to dominate the stockfeed industry during the second quarter of 2017 with a monthly average of 22,473 metric tonnes worth $15,5 million, an industry offic...

By Staff reporter | Published: 28 August 2017

ZIMBABWE

FDI into Zimbabwe doubles in 2017

Foreign direct investment to Zimbabwe doubled in the first half of 2017 compared to the same period last year following President Mugabe's clarification of the National Indigenisation and Economic Em...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

NBS targets 10 000 housing units by year-end

THE National Building Society (NBS) is targeting to fund the construction of 10 000 high to medium density housing units by the end of this year after partnering with private property developers to ad...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

StanChart appoints new southern Africa CEO

Standard Chartered (StanChart) has announced the appointment of Kweku Bedu-Addo, as new chief executive of South Africa and southern Africa.The region comprises Angola, Botswana, Mauritius, Zambia an...

By Staff reporter | Published: 28 August 2017

POLITICS

Tsvangirai suspends top official

MDC-T leader Morgan Tsvangirai yesterday ruthlessly dealt with intra-party violence, suspending party national organising secretary Abednico Bhebhe, but kept deputy treasurer-general Charlton Hwende ...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

Zimbabwe mulls increasing mining royalties

GOVERNMENT says it will engage mining companies with a view to gain their buy-in on its intention to increase the threshold of mining royalties for most minerals to between 10 and 15 percent.The move...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Harare-Beitbridge roadworks on course

Government and Geiger International are expected to meet all preconditions set to kick-start dualisation of the $1 billion Harare-Beitbridge Highway by end of September, a senior Government official ...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Chinamasa commissions 1,6MW power plant

FINANCE and Economic Development Minister Patrick Chinamasa yesterday launched a $5,7 million state-of-the-art Kupinga hydropower station which has a rated capacity of 1,6MW.The small hydro power sta...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

Edgars expects sales increase

LISTED clothing group Edgars Stores Limited expects an increase in sales contribution of about two percent annually after investing $500 000 in revamping its Stanley House branch in the Harare's cent...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Ref-Air seeks $300k retooling package

REFRIGERATION and Air Conditioning Services (Ref-Air) has engaged the Ministry of Industry and Commerce seeking support in raising $300 000 for retooling so as to meet export needs.The Bulawayo-based ...

By Staff reporter | Published: 27 August 2017

BUSINESS NEWS

Beitbridge in goat value chain production

SMALL holder farmers have been urged to increase goat rearing as the animals are tolerant to drought and could assist communities' resistance to socio-economic shocks.Beitbridge Rural District Counci...

By Staff reporter | Published: 28 August 2017

CONSTRUCTION & PROPERTY

PPC in record production

Cement manufacturer PPC has recorded the highest production volumes in Zimbabwe for the first time in 18 years following the opening of a new $82 million plant in Harare.The group's interim chief exe...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

NMBZ shareholder backbone strengthened

Arise, an investment company formed by a partnership between Norfund, a Norwegian investment fund, FMO, a Dutch development fund and Rabobank, a Dutch commercial bank, is now NMBZ's second largest sh...

By Staff reporter | Published: 28 August 2017

CONSTRUCTION & PROPERTY

ZPI in $20m property investments

Zimre Property Investment (ZPI) is planning to invest over $20 million in construction projects across the country, the company has announced.Company chairperson Jean Maguranyanga yesterday said ZPI ...

By Staff reporter | Published: 28 August 2017

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