OPINION

Dr Mangudya to blame for Zim cash crisis!

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya recently made d three disheartening statements concerning the current liquidity crisis.He said civil servants should not bother commercial banks...

By Blessing Machiva | Published: 28 August 2017

OPINION

Kwese TV ban exposes Mugabe's govt

The government's swift move to bar Econet Media's pay TV service last week was predictable, but deeply worrying because the regime is once again demonstrating that it is averse to reforms.Editorial C...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Zimbabweans big spenders, says Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says the country has big spenders of foreign currency who lack the entrepreneurship to generate export receipts.Mangudya told guests at a fundrai...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

$300 million for small power stations

GOVERNMENT is intensifying efforts to boost electricity generation, with over US$151 million worth of new small hydropower projects lined up while US$154 million has been secured for the repowering o...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Zera licenses Indo-Africa Power

THE Zimbabwe Electricity Regulatory Authority (Zera) has licensed Indo-Africa Power to construct, own, operate and maintain a solar power plant in Mutorashanga.In a statement on Wednesday, Zera said ...

By Staff reporter | Published: 28 August 2017

EDUCATION

$1 billion for Zimbabwe student loans

All students at institutions of higher and tertiary learning who are struggling to pay fees will start getting loans from September 2017 under a US$1 billion Government facility.CBZ, ZB and NMB banks;...

By Staff reporter | Published: 28 August 2017

POLITICS

'Grace Mugabe immunity invalid'

FIRST Lady Grace Mugabe faces the risk of prosecution in spite of her diplomatic immunity, as South Africa's Foreign States Immunities Act of 87 of 1981 states that if "death or injury" is committed,...

By Staff reporter | Published: 28 August 2017

POLITICS

Tsvangirai suspends top official

MDC-T leader Morgan Tsvangirai yesterday ruthlessly dealt with intra-party violence, suspending party national organising secretary Abednico Bhebhe, but kept deputy treasurer-general Charlton Hwende ...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Harare-Beitbridge roadworks on course

Government and Geiger International are expected to meet all preconditions set to kick-start dualisation of the $1 billion Harare-Beitbridge Highway by end of September, a senior Government official ...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Chinamasa commissions 1,6MW power plant

FINANCE and Economic Development Minister Patrick Chinamasa yesterday launched a $5,7 million state-of-the-art Kupinga hydropower station which has a rated capacity of 1,6MW.The small hydro power sta...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Ref-Air seeks $300k retooling package

REFRIGERATION and Air Conditioning Services (Ref-Air) has engaged the Ministry of Industry and Commerce seeking support in raising $300 000 for retooling so as to meet export needs.The Bulawayo-based ...

By Staff reporter | Published: 27 August 2017

BUSINESS NEWS

Beitbridge in goat value chain production

SMALL holder farmers have been urged to increase goat rearing as the animals are tolerant to drought and could assist communities' resistance to socio-economic shocks.Beitbridge Rural District Counci...

By Staff reporter | Published: 28 August 2017

POLITICS

Tsvangirai's health under the spotlight

A document signed by the MDC and some fringe opposition parties forming an alliance has unwittingly exposed deep-seated concerns within the country's biggest opposition party that its leader Morgan T...

By Staff reporter | Published: 28 August 2017

POLITICS

Mugabe pleads for land reform financial support

PRESIDENT Robert Mugabe yesterday pleaded for financial support for the much-hyped land reform programme, which has largely remained underfunded amid lack of productivity at most acquired farms.Mugab...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Beitbridge runs out of fuel

Motorists in the border town of Beitbridge on Thursday survived on illegal fuel vendors whose business was brisk.Enterprising fuel vendors camped near service stations to capture disappointed motoris...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Kupinga hydro power project commissioned

Government has commissioned a US$5.7 million hydro power project in Chipinge as more incentives are being extended to private players to invest in power generation.Guest of honour at the launch of Kup...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Zim expects $700m budget deficit for 1H 2017

GOVERNMENT is expected to have accumulated a budget deficit of around $700 million during the first half of this year, far above the full year projection of a $400 million deficit, a Treasury source ...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

ZAMCO seeks to sell distressed loans

THE Zimbabwe Asset Management Company (ZAMCO) has started to engage various investors interested in purchasing its distressed loan portfolio, chief executive Cosmas Kanhai has said.ZAMCO, created in 2...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

IDC cedes Olivine stake to Treasury

THE Industrial Development Corporation (IDC) has relinquished its stake in troubled fast moving consumer goods manufacturer, Olivine Industries, to the Ministry of Finance and Economic Development.Th...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Unions, employers upset over NECs

THE Employers' Confederation of Zimbabwe (EMCOZ) and the Zimbabwe Congress of Trade Unions (ZCTU) have expressed concern over government's engagement of National Employment Councils (NECs) for input i...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Zim cooking oil exports fail to sizzle

ZIMBABWE'S edible oils sector has recovered and is producing a surplus, but is unable to make inroads into the regional export market due to lack of price competitiveness, an industry body has said.Up...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

IDBZ partners Dutch firm

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has partnered a Dutch firm called Rebel International Group, which specialises in infrastructure finance and investment, to construct new school...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Zimbabwe govt issues rules for power grid use

GOVERNMENT has come up with guidelines to regulate the country's growing electricity industry to maintain order and create accountability in the use of the national transmission grid.The rules are de...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

Aurex begins gold jewellery exports

THE central bank's jewellery making subsidiary, Aurex Jewellery (Aurex), has started exporting gold chains and bangles to Dubai and is planning to extend its market to America.Aurex general manager, P...

By Staff reporter | Published: 24 August 2017

POLITICS

Robert Mugabe day an insult to Zimbabweans

THE Movement for Democratic Change (MDC) party, led by Morgan Tsvangirai, has expressed "shock and complete disappointment" over a recent decision by government to declare President Robert Mugabe's bi...

By Staff reporter | Published: 24 August 2017

Latest News

Latest Published Reports

Latest jobs