BUSINESS NEWS

Don't lend govt, banks warned

Zimbabwean banks need to stop lending to government as their exposure to Treasury Bills (TBs) could work against the sector in the future, a local think tank has warned.In its 2018 Economic Review and...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Cooking oil producers to cut import bill

Cooking oil producers are looking at reducing their import bill by 30% from the current US$300 million annually through imports substitution, businessdigest has learnt.This comes as the nation is suff...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

'Forex backlog hits US$600m'

The Confederation of Zimbabwe Industries (CZI) says the foreign currency backlog for the industry in the last seven months from September last year to March 2018 is now at US$600 million.The business ...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Dangote eyes Zimbabwe's agric sector

Africa's richest man, Aliko Dangote has renewed his interest in investing in Zimbabwe, but seems to have moved away from his first love - cement - and is now considering investing in the country's agr...

By Staff reporter | Published: 13 April 2018

POLITICS

Cottco under ZACC probe

The Zimbabwe Anti-Corruption Commission has launched an investigation into The Cotton Company of Zimbabwe amid revelations the company could have lost millions of dollars in a botched lint deal involv...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Geiger deal opens can of worms

The cancellation of the Geiger International road dualisation deal has exposed that incompetence and corruption abounded in Government corridors amid revelations that the Austrian company is just a "b...

By Staff reporter | Published: 13 April 2018

POLITICS

MDC-T completes candidates' vetting exercise

THE MDC-T says it has completed its aspiring candidates' vetting process, with the names soon to be presented to the membership for selection during primary elections.Acting party chairperson Morgen K...

By Staff reporter | Published: 13 April 2018

POLITICS

Chamisa denies bussing people to rallies

The Nelson Chamisa-led MDC has dismissed claims that it is bussing people to attend its jam-packed rallies. The State media has claimed several road accidents involving MDC supporters from various par...

By Staff reporter | Published: 13 April 2018

POLITICS

Mnangagwa under pressure over cash crisis

President Emmerson Mnangagwa faced growing pressure yesterday over remarks made by Justice minister Ziyambi Ziyambi in Parliament that government never promised to solve the current cash crisis in 100...

By Staff reporter | Published: 13 April 2018

POLITICS

Mugabe is like the Biblical Moses, says Chiwenga

VICE-PRESIDENT Constantino Chiwenga yesterday poked holes in former President Robert Mugabe's 37-year reign, saying the Zanu-PF leader was like the Biblical Moses, who successfully rescued his kinsmen...

By Staff reporter | Published: 13 April 2018

POLITICS

Mohadi to appear before Mines Parly committee

MORE bigwigs are expected to appear before the Parliamentary Portfolio Committee on Mines and Energy today with Vice President Kembo Mohadi being the most senior as the probe into the leakage of $15 b...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Egodini upgrade: Contractor gets down to business

DEMOLITION of old infrastructure is underway at Egodini terminus in Bulawayo as work on the $60 million mall construction project takes shape.South African engineering firm, Terracotta Private Limited...

By Staff reporter | Published: 13 April 2018

OPINION

Zimbabwe Airways to boost aviation and tourism industry

GOVERNMENT has taken delivery of a Boeing 777 aircraft from Malaysia - part of an envisaged fleet of 10 aeroplanes to be managed under a new company tasked to boost the local aviation sector. The 300-...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Slow processing of payments irks tobacco farmers

Tobacco farmers are complaining over delays in the processing of their payments at the auction floors in Harare, resulting in most of them spending days camped at the floors.They said their cheques we...

By Staff reporter | Published: 13 April 2018

POLITICS

ZRP caught offside

The Zimbabwe Republic Police (ZRP) acted unlawfully when it refused to reinstate a member contesting his discharge from service, despite him having filed an appeal with the Police Service Commission, ...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Investment expert speaks out

Rwandan governance expert Ms Clare Akamanzi yesterday said there was need to empower the envisaged one-stop investment organisation integrating several Government business arms as part of efforts to i...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Banks sit on RBZ business facilities

A NUMBER of Reserve Bank of Zimbabwe (RBZ) funding schemes are not accessible to businesses due to banks' reluctance to disburse them, an official has said.The apex bank has acknowledged lack of effec...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

EMA confiscates 400 000 kaylites

The Environmental Management Authority (EMA) has confiscated at least 400 000 kaylite containers, known as Expanded Polystyrene Foam (EPS) since December last year, as it moved to stop use of the bann...

By Staff reporter | Published: 13 April 2018

OPINION

Lessons from the Chinese economic model

Zimbabwe is six hours behind China and Beijing has a population twice that of the whole of Zimbabwe. The Chinese economy is performing well, coming second only to the United States. It talks about its...

By Victoria Ruzvidzo | Published: 13 April 2018

BUSINESS NEWS

Huge response for investment indaba

OVER 100 foreign investors have expressed interest in participating in the Mashonaland West is Open for Business Conference set for next week in Chinhoyi.The potential investors are expected to play a...

By Staff reporter | Published: 13 April 2018

POLITICS

'Retain Mnangagwa for continued progress'

President Mnangagwa has achieved notable successes in the few months that he has been in power and the nation should resoundingly vote for him in the forthcoming elections to guarantee continued progr...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Three tier model threatens price stability

Limited foreign currency is stifling efforts to wipe out a three tier pricing system despite a slowdown in price increases in Zimbabwe since January.        &nb...

By Staff reporter | Published: 12 April 2018

BUSINESS NEWS

Top Zim exec suspended by KPMG South Africa

KPMG has suspended the head of its largest business unit, who was the lead audit partner on VBS Mutual Bank.Sipho Malaba, who is related to Chief Justice Luke Malaba, was tasked with running KPMG's la...

By Staff reporter | Published: 12 April 2018

BUSINESS NEWS

Chiwenga instigated cancellation of Zim highway tender

President Emmerson Mnangagwa's decision to cancel Geiger International contract to dualise the BeitBrigde-Harare-Chirundu highway was instigated by Vice President Constantino Chiwenga's “serious pro...

By Staff reporter | Published: 12 April 2018

POLITICS

MDC-T in candidates dilemma

THE MDC-T elections directorate is reportedly struggling to finalise its candidate selection process and has already missed its Tuesday deadline to complete the exercise.This comes amid reports that s...

By Staff reporter | Published: 12 April 2018

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