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LANDS & AGRICULTURE

GMB buying price triggers smuggling

The Government's maize import ban together with a high buying price at the Grain Marketing Board (GMB) has triggered smuggling of grain into the country, it has emerged.In a bid to protect local farme...

By Staff reporter | Published: 06 August 2017

BUSINESS NEWS

$100m for Harare high-rise apartments

Government has given Harare City Council the green light to float a US$100 million bond for the construction of high-rise apartments in keeping with President Mugabe's counsel to optimise land use.Tow...

By Staff reporter | Published: 06 August 2017

BUSINESS NEWS

RBZ owes MultiChoice $9 million

ANXIETY is growing among subscribers of the digital television service provided by MultiChoice Zimbabwe as banks throttle payment platforms, especially for non-AC holders.Even independent agents no lo...

By Staff reporter | Published: 06 August 2017

BUSINESS NEWS

Zimbabwe warned over expenditure

The government should stop unbudgeted expenditure because it makes domestic borrowing very expensive for local industry and leads to productivity constraints as well as lack of competitiveness, analys...

By Staff reporter | Published: 06 August 2017

POLITICS

Mugabe's opponents reunites

Zimbabwe's main opposition leader Morgan Tsvangirai on Saturday reunited with his former allies to agree a pre-election pact to challenge President Robert Mugabe's near four-decade hold on power at th...

By Thomson Reuters. | Published: 05 August 2017

SOCCER

Zimbabweans can stream live sports for free

Zimbabweans can now stream sports games live as well as sports commentary on their mobile phones. TechZim reported that Kwese opened up the app to Zimbabweans sometime this week.Econet announced on it...

By Staff reporter | Published: 05 August 2017

BUSINESS NEWS

'Give bond notes local currency value'

The Government has been urged to remove pegs between bond notes and the United States dollar for the surrogate money to establish its own value and become local currency.The need for a local currency ...

By Staff reporter | Published: 05 August 2017

TELECOMS & TECHNOLOGY

TelOne announces disruption of services

TelOne has announced the disruption of its services to its clients in Hillside (Bulawayo), Kezi and the Harare to Norton network from 0000hrs to 0200hrs, 6 August 2017. TelOne provides internet and vo...

By Ngoni Shenjere | Published: 05 August 2017

BUSINESS NEWS

Zimra loses millions to car smugglers

A syndicate of car importers is prejudicing the country of millions in potential tax revenues through the smuggling of vehicles using various intricate methods, which include registering as returning ...

By Staff reporter | Published: 04 August 2017

INDUSTRIALS & ENERGY

Bulawayo scents industry revival

Diversification and innovation are the buzzwords for Bulawayo's surviving industries whose resilience in the face of a difficult macro-economic climate deserves applause. While the city has seen a dem...

By Staff reporter | Published: 04 August 2017

BUSINESS NEWS

9 top Zimra bosses under investigations

About six top Zimbabwe Revenue Authority (Zimra) managers are currently under the microscope as the taxman intensifies lifestyle audits to weed out corrupt elements in its systems.The identities of th...

By Staff reporter | Published: 04 August 2017

BUSINESS NEWS

Over 2 000 retrenched

NEARLY 1 300 workers have been retrenched from various sectors of the economy in the second quarter of 2017 with parastatals accounting for more than 60% of those laid off, bringing the number of thos...

By Staff reporter | Published: 04 August 2017

POLITICS

Mnangagwa in dodgy project

VICE-President Emmerson Mnangagwa is entangled in a multi-million dollar chrome deal involving dodgy South African investors illegally granted permission to import fuel duty-free under the guise they ...

By Staff reporter | Published: 04 August 2017

BUSINESS NEWS

'Back new bond notes with more US dollars'

The move by the Reserve Bank of Zimbabwe (RBZ) to increase the current $200m bond notes in the Zimbabwean economy to $500m must be backed by equivalent amounts of US dollars to help defend the value p...

By Staff reporter | Published: 04 August 2017

FINANCIAL SERVICES

EcoCash reduces ATM withdrawals to $50

Econet Wireless Zimbabwe, mobile money service provider, EcoCash has reduced its international ATM withdrawal limits on its MasterCard Debit card to $50 a month, a tell-tale sign that the foreign curr...

By Staff reporter | Published: 04 August 2017

ZIMBABWE

Mangudya leaves interest rates unchanged

Zimbabwe's central bank chief John Mangudya left interest rates unchanged, saying lowering the rates could be a moral hazard in the troubled country, despite his push to stimulate production and gener...

By Staff reporter | Published: 04 August 2017

FINANCIAL SERVICES

Agribank phases out manual withdrawals

THE Agricultural Bank of Zimbabwe (Agribank) is phasing out manual withdrawals to embrace electronic and mobile banking payments.The bank is upgrading its information and communication technology (ICT...

By Staff reporter | Published: 04 August 2017

TELECOMS & TECHNOLOGY

Mandiwanzira takes a dig at Econet

Information and Communication Technology (ICT) minister Supa Mandiwanzira yesterday took a subtle dig at the country's leading telecommunications firm, Econet Zimbabwe, accusing it of exhibiting monop...

By Staff reporter | Published: 04 August 2017

POLITICS

Govt pays batch of civil servants bonuses

THE Government yesterday paid another batch of civil servants their July salaries and 2016 bonuses, with the grant aided institutions expected to receive their dues on Thursday next week. Public Servi...

By Staff reporter | Published: 04 August 2017

FINANCIAL SERVICES

Cabinet approves IDC financing role

CABINET has approved proposals by the Ministry of Industry and Commerce for the Industrial Development Corporation to become an industrial financing entity.The move is part of ongoing measures by Gove...

By Staff reporter | Published: 04 August 2017

BUSINESS NEWS

Zim needs $12bn to address power deficit

ZIMBABWE requires about $12 billion to address its power deficit and meet future needs of a vibrant industry and economy, the energy regulator has said.Of this figure, a quarter of the funding is need...

By Staff reporter | Published: 04 August 2017

OPINION

Closing the bond notes debate

The bond notes had managed, against dire predictions, to hold their own. But those opposed to the introduction of a local currency haven't relented in their efforts to junk the bond note. They are det...

By Joram Nyathi | Published: 04 August 2017

BUSINESS NEWS

ZSE sets up investment fund

THE Zimbabwe Stock Exchange (ZSE) will next month establish a portfolio investment fund to address delays associated with the repatriation of foreign exchange for security related transactions.Reserve...

By Staff reporter | Published: 04 August 2017

BUSINESS NEWS

RBZ increases Diaspora remittances incentive

THE Reserve Bank of Zimbabwe (RBZ) has increased incentives for Diaspora remittances from three percent to 10 percent effective August 1, 2017 to encourage channelling of remittances through formal ch...

By Staff reporter | Published: 04 August 2017

AFRICA NEWS

'Sadc region sitting on massive gas reserves'

Southern Africa is most likely sitting on massive natural gas reserves of more than 600 trillion cubic feet which the region must exploit to reduce a heavy reliance on biomass energy, a top South Afri...

By Staff reporter | Published: 04 August 2017

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