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TELECOMS & TECHNOLOGY

Econet upgrading its 2G sites to 3G

ECONET Wireless Zimbabwe will upgrade its existing 2G sites countrywide to 3G by the end of the year, as part of a huge data network advancement the company is carrying out.In a statement last week, E...

By Staff reporter | Published: 17 July 2017

Zimbabwe retailers in trouble

Zimbabwe's retailers are facing a new threat as some companies in the fast-moving consumer goods (FMCG) sector are pushing their products on the streets, bypassing supermarkets and wholesalers in sear...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

Why ZimAsset has been a disaster

The Zanu-PF government's five-year economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), has dismally failed to turnaround the country's economic fortunes, ...

By Staff reporter | Published: 17 July 2017

OPINION

Dispute settlement in public private partnership projects

Like any other contract, public private partnership projects are susceptible to disputes. The likelihood of disputes in conventional procurement is minimal in supply contracts.Works contracts tend to ...

By Nyasha Chizu | Published: 17 July 2017

FINANCIAL SERVICES

Allied Bank pension fund liquidation approved

The Insurance and Pensions Commission (Ipec) has approved the liquidation of Allied Banking Group Pension Fund, after it found it practicable to bring the fund into sound financial position.The liquid...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

Bulawayo rejects FBC housing proposal

THE Bulawayo City Council has rejected a bid by FBC Building Society, which sought a joint partnership in developing 517 high density residential stands in Luveve suburb.Following an engagement over t...

By Staff reporter | Published: 17 July 2017

FINANCIAL SERVICES

Women's Bank to open by September

WOMEN Affairs, Gender and Community Development Minister Nyasha Chikwinya has said the much awaited Women's Bank will open for business by September this year.Mooted some years ago, the bank has taken...

By Staff reporter | Published: 17 July 2017

MINING & RETAIL

Zimbabwe mining royalties go up 22.84%

REVENUE from mining royalties has, in the first half of 2017, gone up by 22.84 percent to $34.27 million against a target of $27.9 million, buoyed by rising gold and platinum output.During the period ...

By Staff reporter | Published: 17 July 2017

MINING & RETAIL

Zambezi Gas coal output increases

ZAMBEZI Gas has increased coal output to 40 000 tonnes per month compared to 10 000 tonnes the colliery was producing when it started full-scale production last year.The Matabeleland North-based compa...

By Staff reporter | Published: 17 July 2017

TRANSPORT & TOURISM

Wild Horizons basks in increased business

ONE of the leading tour operators in Victoria Falls, Wild Horizons, says it is enjoying a new lease of life in business on the back of increasing demand for its services.The commissioning of the $150 ...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

More SMEs in Zimra tax net

THE Zimbabwe Revenue Authority has widened the tax net, registering about 13 000 new small to medium enterprises in the six months to June following a successful collaboration with SMEs and the Minist...

By Staff reporter | Published: 17 July 2017

TRANSPORT & TOURISM

Zimbabwe tourism master plan out soon

Zimbabwe will soon unveil a national tourism master plan (NTMP) which will be hinged on promoting domestic travel and focusing on establishing an initial 11 tourism development zones (TDZs) across the...

By New Ziana. | Published: 17 July 2017

BUSINESS NEWS

Zimra bemoans liquidity crunch

The Zimbabwe Revenue Authority (Zimra) has bemoaned the continued liquidity crunch amid indications from the Zimbabwe Reserve Bank (RBZ) that some banks were holding only 2% cash reserves against a be...

By Staff reporter | Published: 17 July 2017

MINING & RETAIL

Metallon Gold set to increase production by 20%

ZIMBABWE'S largest gold mining group, Metallon Gold is targeting to increase its gold production by 20% by year-end driven by increased capacity utilisation, a company official has said.The company pr...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

CZI annual conference preps at advanced stage

THE Confederation of Zimbabwe Industries (CZI) has said preparations for its annual conference set for next month are at an advanced stage, with India and Turkey business delegations set to jet into t...

By Staff reporter | Published: 17 July 2017

TRANSPORT & TOURISM

New airlines boost Victoria Falls tourism boom

The recently-commissioned $150 million Victoria Falls International Airport has spurred brisk tourism business in the resort town.This comes after Kenya Airways and Ethiopian Airways - in April - intr...

By Staff reporter | Published: 17 July 2017

BUSINESS NEWS

IMF raises red flag over Zimbabwe cash crisis

The International Monetary Fund (IMF) has blamed Zimbabwe's unrelenting cash shortages on government's runaway spending and a comatose economy.IMF's outgoing mission chief for Zimbabwe Anna Lucia Coro...

By Staff reporter | Published: 17 July 2017

POLITICS

Mugabe's biker in horrific accident

PRESIDENT Robert Mugabe's return home from a week-long trip abroad took a bizarre turn yesterday morning when one of the bikers in his motorcade was involved in a horrific accident, a few minutes afte...

By Staff reporter | Published: 16 July 2017

POLITICS

Grace Mugabe in freak accident

In a statement, Charamba confirmed that the First Lady, Dr Mugabe suffered some soft tissue bruising on the right ankle as a result of a freak car incident at the Harare International Airport soon aft...

By Staff reporter | Published: 15 July 2017

TRANSPORT & TOURISM

Ex-employees sue NRZ for $93,500 salary arrears

FIVE former National Railways of Zimbabwe (NRZ) workers have sued their ex-employer over a total of over $93 500 owed to them in salaries and benefits.The five - Oliver Nkomo, Gilbert Chiwaura, Elliah...

By Staff reporter | Published: 15 July 2017

BUSINESS NEWS

Top chef pockets $10 000

TM Pick n Pay Battle of the Chefs season two winner, Dylan Taylor, walked away $10 000 richer at the official prize handover ceremony in Harare yesterday.Chefs Carmen Vlahakis, Cherron Harry, Wilson J...

By Staff reporter | Published: 15 July 2017

ZIMBABWE

'Shadow economy to blame for cash shortages'

FINANCE minister Patrick Chinamasa has disclosed that cash deposits of $760 million are needed to solve the cash crisis currently bedevilling the country.Chinamasa told the Senate on Thursday that peo...

By Staff reporter | Published: 15 July 2017

BUSINESS NEWS

Civil servants pay dates announcement

THE Government has released civil servants' pay dates for this month with the military expected to get their salaries on Tuesday.Workers in the health sector will be paid next Friday while the police ...

By Staff reporter | Published: 15 July 2017

POLITICS

'Business should promote Bill of Rights'

Constitutional law expert, Alex Magaisa has challenged the business community to be well-versed with provisions of the new Constitution, particularly those to do with the Bill of Rights, as failure to...

By Staff reporter | Published: 15 July 2017

POLITICS

Mugabe returns from medical checkup

President Robert Mugabe has returned home after a week's visit to Singapore for a routine medical checkup. The President was accompanied by the First Lady, Dr Grace Mugabe.He was received at the ...

By Staff reporter | Published: 15 July 2017

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