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FINANCIAL SERVICES

Metbank to focus on mortgage financing, e-banking

METBANK says it will focus its lending business on mortgage financing and commercial banking products that promote financial inclusion under a strategic plan that will determine the direction of the i...

By Staff reporter | Published: 12 September 2018

POLITICS

Chamisa reshuffles MDC top leadership

MDC Alliance leader Nelson Chamisa has announced a raft of changes to the leadership of the opposition party, including the appointment of Welshman Ncube and Morgen Komichi as vice-presidents in a mov...

By Staff reporter | Published: 12 September 2018

CONSTRUCTION & PROPERTY

Rising cement demand positive for Zimbabwe's economy, says Lafarge

LAFARGE Cement Zimbabwe says the recent spike in demand for cement, which resulted in a supply backlog on the market, is a positive signal of economic growth. In a statement, the firm allayed public f...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Govt rules out bread shortage

Government has ruled out the possibility of bread shortage in the country as mechanisms have been put in place to import wheat in the short-term. Further, Government wants to boost wheat cropping to s...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Devolution expected to take centre stage in Parliament

THE public outreach that led to the crafting of the new Constitution in 2013 saw the birth of devolution of power. A majority of provinces advocated for the system of governance which was one of the i...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Zimra suspends senior official

The Zimbabwe Revenue Authority has suspended its commissioner responsible for investigations, Charles Jaure, with immediate effect after he was implicated in a bribery case in which he allegedly deman...

By Staff reporter | Published: 12 September 2018

POLITICS

Mudenda retains Speaker of Parliament post

Zanu-PF Politburo member Advocate Jacob Mudenda was yesterday voted as the Speaker of the National Assembly to retain the post he held in the previous Parliament, after beating MDC Alliance's Ms Pauri...

By Staff reporter | Published: 12 September 2018

POLITICS

Latest on Chamisa's 'inauguration' as 'president'

Zimbabwe's main opposition party will this week hold a mock inauguration to name its leader Nelson Chamisa as the country's president, highlighting its claims the July 30 election was rigged.Chamisa, ...

By AFP | Published: 12 September 2018

POLITICS

Chamisa orders Mayor to step down

MDC Alliance president Mr Nelson Chamisa has ordered the newly elected Masvingo Mayor Clr Collins Maboke to step down or be recalled over allegations of defying a party directive. Clr Maboke of Ward 2...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

'Industry revival top priority'

THE new Minister of Industry and Commerce, Nqobizitha Mangaliso Ndlovu, says the revival of industries will be a top priority during his tenure as the new political dispensation moves to transform the...

By Staff reporter | Published: 12 September 2018

OPINION

Financial illiteracy is our biggest enemy in Zimbabwe

I found a very interesting letter in one of my old books that I last read in 2004. It is a letter that I received from Barclays Bank (Zimbabwe), offering me a Z$1 million overdraft facility. Three yea...

By Hopewell Chin'ono | Published: 12 September 2018

INDUSTRIALS & ENERGY

Petrotrade in $3,75m tax profit

State petroleum company, Petrotrade has - for the third year running declared a dividend to Government after registering an after tax profit of $3,75 million for the year ended December 2017. Speaking...

By Staff reporter | Published: 12 September 2018

LANDS & AGRICULTURE

Mtsambiwa appointed Tongaat Hulett CEO

Johannesburg Stock Exchange-listed sugar producers Tongaat Hulett Limited, has appointed Zimbabwean Sydney Mtsambiwa as its interim chief executive officer. This follows the pending retirement of curr...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Zimbabwe gets new IMF representative

THE International Monetary Fund has a new resident representative in Zimbabwe, Patrick Amir Imam. Mr Imam, who prior to his posting to Zimbabwe was IMF representative for Madagascar, takes over from M...

By Staff reporter | Published: 12 September 2018

MINING & RETAIL

Prospect Lithium secures $10m export facility

AUSTRALIA Stock Exchange (ASX) listed Prospect Resources, says its Zimbabwean unit, Prospect Lithium Zimbabwe, has secured $10 million export finance facility from the Reserve Bank through CBZ Bank Li...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Chinese firm seeks to build new Victoria Falls Bridge

Chinese construction giant, China Communications Construction Company (CCCC) has submitted a proposal to Government for the construction of a new state-of-the-art bridge in the resort town of Victoria...

By Staff reporter | Published: 11 September 2018

POLITICS

Ex-ministers get new jobs

THE ruling Zanu-PF party has deployed a number of former ministers who were dropped fromPresident Emmerson Mnangagwa's Cabinet to the party headquarters where they will take up full-time jobs.Addressi...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

Mthuli Ncube has a cash crisis plan

NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube says government expects to announce a plan to tackle the on-going currency crisis by month-end and confirmed that he expects to r...

By Staff reporter | Published: 11 September 2018

OPINION

Zimbabwe's new Cabinet: A patronage, merit alchemy?

ZIMBABWEAN President Emmerson Mnangagwa, following a disputed narrow victory in July which had to be validated by the Constitutional Court in August, appointed a new Cabinet on Friday, September 7.Thi...

By Washington Katema | Published: 11 September 2018

OPINION

Mugabe has to rejoin Zanu-PF from cell level, says War vets

War veterans recently held a Press conference and chided former President Robert Mugabe after the latter turned his back on President Emmerson Mnangagwa on election eve, saying he would not vote for p...

By Staff reporter | Published: 11 September 2018

POLITICS

Man arrested for 'insulting Mnangagwa'

In a case reminiscent of the former president Robert Mugabe era, where several citizens where dragged to court for undermining his authority, a commuter omnibus driver here, David Ndlovu, has been arr...

By Staff reporter | Published: 11 September 2018

FINANCIAL SERVICES

First Money Microfinance launches Debit Card

First Money Microfinance Services (FMFS), a fintech with seven branches nationwide, has launched a debit card in partnership with StewardBank.The innovation called iSave debit card allows customers of...

By Staff reporter | Published: 11 September 2018

TELECOMS & TECHNOLOGY

Potraz intensifies consumer awareness campaigns

The Postal and Telecommunications Regulatory Authority of Zimbabwe has increased visibility in most rural areas, after canvassing the country's 10 provinces, teaching mobile network providers' consume...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

New transport management system to improve efficiency

Zimbabwe has signed an integrated transport management system, which seeks to bring together five key elements of road policing, efficient use of national infrastructure and coordination of informatio...

By Staff reporter | Published: 11 September 2018

POLITICS

Komichi trial date set

The trial of MDC Alliance chairperson Morgen Komichi, who stands accused of attempting to disrupt the announcement of presidential election results by the Zimbabwe Electoral Commission (Zec) has been ...

By Staff reporter | Published: 11 September 2018
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