BUSINESS NEWS

Indigenisation policy scares away Canadian investors

CANADIAN Ambassador to Zimbabwe Lisa Stadelbauer has said investors from his country were a bit jittery over the current state of the investment climate in Zimbabwe.Addressing legislators attending a ...

By Staff reporter | Published: 14 March 2014

BUSINESS NEWS

Zinwa unbundling underway

The Ministry of Water, Environment and Climate has begun the process of unbundling the Zimbabwe National Water Authority (Zinwa). Water, Environment and Climate Minister Savior Kasukuwere told parliam...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

World Bank willing to assist Zimbabwe

The World Bank is interested in assisting Zimbabwe in resuscitating the smallholder livestock sector to boost the national herd. The national herd stands at 5, 2 million with three quarters of it comi...

By Staff reporter | Published: 13 March 2014

OPINION

Funding Zimbabwe's economic revival

History should only serve to remind us where we have come from, but should never limit what we can become.I notice that I could have left some of my judicious readers in the lurch last week with my su...

By Vince Musewe | Published: 13 March 2014

BUSINESS NEWS

Nhema says all firms should cede shares

The Minister of Youth Development, Indigenisation and Economic Empowerment, Francis Nhema, says all companies, particularly those in mining, are obliged to contribute to the community share ownership ...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

IMF delegation to visit Zimbabwe

A DELEGATION from the International Monetary Fund (IMF) is expected to land in Harare today to carry out an annual Article IV consultation and review progress on the fund's supervised economic reform ...

By Staff reporter | Published: 12 March 2014

POLITICS

Zimra, ZNA importing low quality uniforms from China

The Zimbabwe National Army (ZNA) and Zimbabwe Revenue Authority (ZIMRA) are reportedly importing low quality camouflages and corporate wear respectively from China, snubbing local manufacturers who ca...

By Staff reporter | Published: 12 March 2014

BUSINESS NEWS

2000 workers to lose their jobs in Zimbabwe

Over 2000 workers are set to be laid off this month with more companies earmarked to retrench more workers in the coming months, The Zimbabwe Congress of Trade Unions (ZCTU) has revealed.ZCTU secretar...

By Staff reporter | Published: 12 March 2014

BUSINESS NEWS

Government owes GMB $42 million

Government owes the Grain Marketing Board $42 million, leaving it compromised to discharge its duties effectively, parliamentarians heard yesterday.Appearing before the Parliamentary Portfolio Committ...

By Lloyd Gumbo | Published: 12 March 2014

BUSINESS NEWS

No industry budgetary support from the EU

THE European Union (EU) says it has no plans to extend budgetary support to Zimbabwe's stuttering industry.Aldo Dell' Ariccia, the union's head of delegation to Zimbabwe, said the trading bloc - set t...

By Staff reporter | Published: 11 March 2014

POLITICS

Tsvangirai tells Biti and gang to go hang

Problems bedevilling the crumbling MDC-T continue to mount as the party leader, Morgan Tsvangirai, yesterday openly told those pushing for his ouster to leave the party. It emerged that the secretary-...

By Staff reporter | Published: 10 March 2014

POLITICS

Knives out as MDC-T meets

Elton Mangoma, the MDC-T deputy treasurer, is awaiting a verdict on his future today as the MDC-T National Council leaders gather in Harare  in a bid to put to rest calls for leadership renewal r...

By Staff reporter | Published: 07 March 2014

POLITICS

Chinamasa ducks civil servants' issue

Finance Minister Patrick Chinamasa on Wednesday refused to confirm whether the government would deliver on election promises made last year for higher wages to its employees in April. Chinamasa was pu...

By Staff reporter | Published: 07 March 2014

POLITICS

'US - Zim governments not talking,' says Chinamasa

Finance Minister Patrick Chinamasa said on Wednesday relations between Zimbabwe and the United States are severely strained to the extent that the two countries are not "talking".Chinamasa, who was ad...

By New Ziana | Published: 06 March 2014

BUSINESS NEWS

Over 20 Countries for ZITF

Companies from over 20 countries are expected to participate at this year's Zimbabwe International Trade Fair (ZITF), whose preparations are already in full swing. The 55th edition of the annual trade...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

IMF to visit Zimbabwe

The International Monetary Fund (IMF) is to send a mission to Zimbabwe this month for a review of the country's progress in implementing its Staff Monitored Programme (SMP), sources said this week. Th...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

Zim needs $18 billion for infrastructure rehab

Zimbabwe needs about $18 billion to modernise its infrastructure and recapitalise, a top government official has said.Stanislaus Mangoma, director of Enterprise Development in the ministry of Industry...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

China rules out Zim budgetary support

China has ruled out budgetary support to Zimbabwe.Finance minister Patrick Chinamasa, who recently returned empty-handed from Washington after being denied funding by the International Monetary Fund (...

By Staff reporter | Published: 06 March 2014

BUSINESS NEWS

$22 million bid for Homelink

A consortium of local and foreign investors has made a bid of $22 million for Homelink Private Ltd, with the company's management and OK Zimbabwe also said to be in the race to acquire the Reserve Ban...

By Staff reporter | Published: 06 March 2014

OPINION

Discover the power of change

Better ChangeNew ventures and even existing businesses are not immune to the powers of change. Change also happens when it is least expected, and the interaction between changes can definitely lead to...

By Regenesys | Published: 06 March 2014

BUSINESS NEWS

World Bank urges Zim to reduce trade restrictions

The World Bank has urged Zimbabwean authorities to reduce trade restrictions in order to improve on its trade performance after a research found the country's exports to have drastically declined by 5...

By Staff reporter | Published: 05 March 2014

BUSINESS NEWS

Zimbabwe urged to adopt the Swiss strategy

VISITING Norwegian development economist Erik Reinert has urged Zimbabwe to adopt the Swiss strategy of splitting up share capital on voting and non-voting stock when implementing the indigenisation a...

By Staff reporter | Published: 05 March 2014

BUSINESS NEWS

Smuggling a serious concern for manufacturers

Olivine Industries managing director Jonas Mushangari has called upon Parliamentarians to put in place measures to curb smuggling of products mainly from South Africa as this was seriously hurting ind...

By Staff reporter | Published: 04 March 2014

BUSINESS NEWS

Industry calls for review of indigenisation policy

Industry has called for the Government to exclude the manufacturing sector from the indigenisation policy. The call was made by Surface Investments chairman Narottam Somani while addressing the Parlia...

By Tawanda Musarurwa | Published: 04 March 2014

BUSINESS NEWS

Zimra cuts Kereke's RMC tax liability to $1,7m

The Zimbabwe Revenue Authority (Zimra) has cut down RMC Hospital's tax bill from a whooping $4 million to $1,7m, in a development that should give some reprieve to Munyaradzi Kereke, the RMC owner.Las...

By Staff reporter | Published: 04 March 2014

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