Latest News

INDUSTRIALS & ENERGY

Manufactured exports below 9%

Zimbabwe's exports have taken a knock from the struggling manufacturing sector which is operating at around 37 percent of installed capacity.Latest trade figures from the Zimbabwe National Statistical...

By Staff reporter | Published: 07 July 2014

ZIMBABWE

Govt engages private sector on industrial, trade polices coordination

The Government has engaged the private sector in seeking out solutions on how to effectively coordinate the country's Industrial Development Policy (IDP) and the National Trade Policy (NTP).Effective ...

By Staff reporter | Published: 07 July 2014

INDUSTRIALS & ENERGY

Zesa exports excess power at night

ZIMBABWE is exporting electricity generated during off-peak periods, particularly after 9pm to neighbouring countries at a time when it ironically imports power to offset deficit during the day.Althou...

By Walter Nyamukondiwa | Published: 07 July 2014

BUSINESS NEWS

Truckers stage anti-Zimra protest

CHAOS reigns at the Beitbridge Border Post where commercial cargo has been stuck since Friday with truckers and clearing agents blaming the Zimbabwe Revenue Authority (Zimra) for causing delays.Betwee...

By Thupeyo Muleya | Published: 07 July 2014

BUSINESS NEWS

Cost of living drops, says CCZ

THE cost of living for a family of six dropped from $592.97 in May to $588.97 last month, the Consumer Council of Zimbabwe has said.The figures reflect a 0,67 percent decrease due to promotions being ...

By Charity Ruzvidzo | Published: 07 July 2014

MINING & RETAIL

Meikles postpones platinum mining plans

Meikles Centar Mining has shelved plans to venture into platinum mining following the withdrawal of a prospective investor who had shown interest in the venture, a company official said.The mining com...

By Staff reporter | Published: 07 July 2014

INDUSTRIALS & ENERGY

Quest Motors calls for Govt support

Quest Motors does not require a capital injection but rather Government support through the purchase of the company's wide range of vehicles.Quest Motors Manufacturing Engineering Manager Mr Ezekiel M...

By Staff reporter | Published: 07 July 2014

TRANSPORT & TOURISM

$400k for Bulawayo Rainbow Hotel refurbishment

RAINBOW Tourism Group (RTG) says it has set aside at least $400 000 to refurbish the Bulawayo Rainbow Hotel.The refurbishment follows similar exercises at Rainbow Towers and the Kadoma Hotel and Confe...

By Staff reporter | Published: 07 July 2014

BUSINESS NEWS

Government reviews labour laws

INDUSTRY and Commerce minister Mike Bimha has revealed that government was reviewing labour laws to make them more flexible and applicable to the current operating environment.Addressing members of th...

By Staff reporter | Published: 07 July 2014

ZIMBABWE

'Zim lacks clear policy on foreign firms'

Zimbabwe lacks comprehensive policies that govern the registration and operation of foreign firms, the Zimbabwe Investment Authority (ZIA) says.Richard Mbaiwa, the Authority's chief executive, told a ...

By Business Live | Published: 04 July 2014

INDUSTRIALS & ENERGY

'Ban car imports,' says Quest Motors

Quest Motors Manufacturing (Quest) says Zimbabwe must ban car imports.The group - with capacity to produce 105 cars per day and 100 buses monthly - said government should shift its policy towards prom...

By Staff reporter | Published: 04 July 2014

ZIMBABWE

Zim debt balloons to $9.9 billion

Zimbabwe's principal debt has ballooned by nearly 40 percent from $6,1 billion last year to $9,9 billion, Finance minister Patrick Chinamasa has said.The lawyer-cum-politician yesterday said the count...

By Staff reporter | Published: 04 July 2014

ZSE TODAY

ZSE close week slightly higher

The equities market maintained gains for the third consecutive day to close the week slightly higher after mixed traded. The industrial index added 0,28 points to close at 187.44 points as foreign tra...

By Staff reporter | Published: 04 July 2014

ZIMBABWE

Zim requires 7% average growth rate

Zimbabwe needs a medium and long-term average growth rate of 7 percent if the Government is to significantly reduce poverty and improve the standard of living, an expert has said. African Institute fo...

By Staff reporter | Published: 04 July 2014

LANDS & AGRICULTURE

$655m tobacco sold as mop-up sales loom

Contract tobacco continues to trickle in as overall sales reach $655 million ahead of the commencement of mop-up sales on July 15.Latest figures from the Tobacco Industry Marketing Board (TIMB) show t...

By Staff reporter | Published: 04 July 2014

BUSINESS NEWS

IMF 'sees promise' on Zimbabwe

Finance Minister Patrick Chinamasa has said the International Monetary Fund (IMF) has written to him expressing satisfaction with the efforts so far made by Zimbabwe to restore the economy and settle ...

By Staff reporter | Published: 04 July 2014

ZSE TODAY

Equities extend gains

The equities market today extended yesterday's gains going up 0.25 percent following significant foreign purchases of Econet, Delta and Innscor's stocks.Activity was also improved as the number of cou...

By Staff reporter | Published: 04 July 2014

TELECOMS & TECHNOLOGY

Universal Services Fund delays riles operators

The Postal and Telecommunications Regulatory Authority of Zimbabwe should use the Universal Services Fund to develop ICT knowledge in under-serviced areas and circumvent the delays in putting up passi...

By Staff reporter | Published: 04 July 2014

BUSINESS NEWS

Government puts a cap on borrowing

Government is working on legislation that will facilitate the setting up of a debt management office to monitor the country's debt and minimize frivolous borrowing in state enterprises and local counc...

By Staff reporter | Published: 04 July 2014

MINING & RETAIL

ESSAR begins operations at Zisco

ESSAR Africa Holdings has begun operations at Zisco and is engaging creditors to work on a repayment plan while it waits for the construction of a new iron and steel plant in 24 months, Industry and C...

By Staff reporter | Published: 04 July 2014

INDUSTRIALS & ENERGY

Investors keen on CAPS Holdings

A NUMBER of investors have shown interest in CAPS Holdings, but the pharmaceutical company is caught up in numerous court cases, Industry and Commerce minister Mike Bimha has said.At its peak, CAPS Ho...

By Staff reporter | Published: 04 July 2014

FINANCIAL SERVICES

Govt to free IDBZ of its $39,8m legacy debt

GOVERNMENT is considering a proposal to hive-off a $39,8 million legacy debt from the Infrastructure Development Bank of Zimbabwe (IDBZ) balance sheet to give the institution room to mobilise resource...

By Staff reporter | Published: 04 July 2014

BUSINESS NEWS

Zimbabwe gets tough on borrowings

TREASURY will have the final signature on external loan contraction by parastatals and local authorities as part of far- reaching reforms to curb the recurrence of borrowings not meant for key project...

By Staff reporter | Published: 04 July 2014

TELECOMS & TECHNOLOGY

Telecel embarks on a fibre deployment project

MOBILE network operator Telecel Zimbabwe has embarked on a fibre deployment project which will see the company laying its own optical fibre cable to avail more high capacity data provisioning for the ...

By Staff reporter | Published: 04 July 2014

FINANCIAL SERVICES

'Five Zimbabwe banks at risk,' says Chinamasa

Up to five Zimbabwean banks are "ill", but this will not have an impact on the overall sector due to their small size, Finance minister Patrick Chinamasa said yesterday, without naming the stressed l...

By Staff reporter | Published: 04 July 2014

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