BUSINESS NEWS

Tobacco farmers get $25m in 9 days

Tobacco farmers have grossed $25,8 million from 8,9 million kg of the golden leaf delivered, nine days into the 2018 marketing season.In 2017, farmers had delivered 10,4 million kilogrammes worth $26,...

By Staff reporter | Published: 09 April 2018

BUSINESS NEWS

Sinohydro to hold 36% in SPV for Hwange extension

SINOHYDRO, contracted by Zimbabwe Power Company (ZPC) to undertake the $1,4 billion extension of Hwange Power Station, will hold a 36 percent stake in the special purpose vehicle (SPV) created for the...

By Staff reporter | Published: 09 April 2018

POLITICS

Chamisa alleges vote rigging

MDC Alliance presidential candidate, Advocate Nelson Chamisa says his party has alerted visiting US congressmen on areas where they think the Zanu-PF administration could utilise to cheat in the forth...

By Staff reporter | Published: 07 April 2018

POLITICS

'Zimbabwe, US relations set to improve'

President Emmerson Mnangagwa says relations between Zimbabwe and the USA are set to improve following the visit by five American senators who met him at his Munhumutapa offices in Harare this afternoo...

By Staff reporter | Published: 07 April 2018

BUSINESS NEWS

Zimbabwe partners Microsoft Corporation

The government has partnered software giant, Microsoft Corporation to drive the digital transformation of the country's education sector in line with global trends and the demands of the new curriculu...

By Staff reporter | Published: 07 April 2018

POLITICS

Mnangagwa's deputy faces grilling over diamonds

Vice President Kembo Mohadi will on Monday lead a team of serving and retired Cabinet ministers and security chiefs, respectively, in giving evidence on how police and the military were awarded licenc...

By Staff reporter | Published: 07 April 2018

POLITICS

Net closing in on Jonathan Moyo

The net is closing in on former Cabinet minister Jonathan Moyo, pictured, who has now been indicted for trial next month over serious allegations of corruption which authorities say happened during hi...

By Staff reporter | Published: 07 April 2018

POLITICS

Mnangagwa hits back at critics

PRESIDENT Mnangagwa said yesterday he would work tirelessly at home and abroad to end Zimbabwe's isolation as he responded to queries from quarters seeking to make political capital by criticising his...

By Staff reporter | Published: 07 April 2018

POLITICS

United States sanctions architects arrive in Zim

Two United States of America senators, Messrs Jeff Flake and Chris Coons - who were involved in the drafting of a recently proposed amendment to the Zimbabwe Democracy and Economic Recovery Act (ZDERA...

By Staff reporter | Published: 07 April 2018

BUSINESS NEWS

Mnangagwa invites Chinese banks to Zimbabwe

President Mnangagwa has invited Chinese financial institutions to set up banks in Zimbabwe to provide appropriate packages to fund economic reconstruction.Lack of affordable finance has adversely affe...

By Staff reporter | Published: 07 April 2018

BUSINESS NEWS

Confusion over Zim's $1billion highway tender

Confusion has rocked the long-delayed Harare-Beitbridge-Chirundu highway dualisation project, with Transport and Infrastructure Development minister, Joram Gumbo, insisting government has not cancelle...

By Staff reporter | Published: 07 April 2018

BUSINESS NEWS

Chinese financial giants invited to Zimbabwe

President Mnangagwa has invited Chinese financial institutions to establish themselves in Zimbabwe to provide funding for economic reconstruction.Addressing the Zimbabwe China Business Forum here this...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Zim tech development lagging behind, Mnangagwa

Zimbabwe will leapfrog and catch up in technological development despite the fact that it is presently lagging way behind other economies.Speaking after touring Dahua Technology, the world's second-la...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Zimbabwe to present new debt clearance plan

ZIMBABWE will present a new debt clearance plan at the International Monetary Fund (IMF) and World Bank Spring Meetings in Washington DC in a fortnight's time at a time international financial institu...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Zesa warns of massive power cuts

THE country's power utility, Zesa, has warned that it could start rolling out power cuts three years after stopping them due to supply constraints, as government remains reluctant to approve a tariff ...

By Staff reporter | Published: 06 April 2018

POLITICS

Mnangagwa's new headache

A NEW headache afflicts President Emmerson Mnangagwa's financially broke government as 16 000-plus ex-Zimbabwe People's Revolutionary Army (Zipra) fighters pressure government for compensation for the...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

$25m Chinese medical project rescued

ZIMBABWE, which was on the verge of losing out on the construction of a US$25 million state-of-the- art national pharmaceutical warehouse bankrolled by the Chinese due to bureaucratic red tape and lac...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

China writes off Zimbabwe's debt - report

China has reportedly written off Zimbabwe's debt to the Asian giant's institutions, paving the way for more funding to the southern African country whose ability to access new funding has been cripple...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Moza, Zim, SA power project on cards

The Development Bank of Southern Africa (DBSA) is set to inject over $190 million towards the construction of a new power transmission line linking Mozambique, Zimbabwe and South Africa (MoZiSa).The s...

By Staff reporter | Published: 06 April 2018

POLITICS

Mugabe party hit by divisions

Insiders say the new National Patriotic Front (NPF) - which has the blessings of ousted former president Robert Mugabe - could suffer a stillbirth, amid damaging internal accusations that the fledging...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Govt working on new minerals policy

Government is working on a new diamond and platinum mining policy to replace the 51/49 percent shareholding requirement that regulates the two minerals.The policy, which was removed a few months ago o...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Overwhelmed ZITF extends exhibition space

THE Zimbabwe International Trade Fair (ZITF) Company has increased exhibition space by six percent due to overwhelming demand from prospective participants at this year's edition of the annual trade s...

By Staff reporter | Published: 06 April 2018

POLITICS

Gold miners sue Grace for $100,000

FORMER First Lady Mrs Grace Mugabe has been slapped with a $100 000 lawsuit for allegedly labelling two gold miners in Mazowe as illegal miners and thieves.Mr Shepherd Nyazvigo and Mr Phillip Makanya,...

By Staff reporter | Published: 06 April 2018

POLITICS

Police tighten noose on Grace Mugabe

Police have intensified investigations into a case in which former First Lady Mrs Grace Mugabe allegedly smuggled ivory worth millions of dollars to underground foreign markets.Sources close to the in...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Geiger loses $1bn Zimbabwe highway tender

Cabinet has resolved to withdraw the tender awarded to Austrian firm, Geiger International, for the dualisation of the Harare-Beitbridge-Chirundu Highway, President Mnangagwa announced yesterday.Brief...

By Staff reporter | Published: 06 April 2018

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