BUSINESS NEWS

Harare Airport road set to open next week

GOVERNMENT is next week expected to commission a $68 million dualised section of the Airport Road in bid to ease congestion and create a direct link between the central business district and Harare In...

By Staff reporter | Published: 20 August 2013

BUSINESS NEWS

NECF to craft agric blueprint

The National Economic Consultative Forum and Zimbabwe Agricultural Show Society will co-host the inaugural agro-business dialogue on the sidelines of the Harare Agricultural Show next week which seeks...

By Business reporter | Published: 20 August 2013

BUSINESS NEWS

Farmers cry foul over power cuts

Wheat farmers have expressed concern over the increased load shedding by national power utility Zesa Holdings over the past two weeks which is threatening the expected harvest of about nearly 30 000 t...

By Business reporter | Published: 20 August 2013

POLITICS

Zanu-PF finalising indigenisation modalities

Zanu-PF is finalising the implementation plans for the indigenisation programmes as envisaged in its elections manifesto and will roll them out once President Mugabe appoints his new Cabinet. Zanu-PF ...

By Staff reporter | Published: 20 August 2013

BUSINESS NEWS

Victoria Falls benefiting tourist source countries

OUTGTOING Tourism and Hospitality Industry Minister Walter Mzembi says tourist arrivals in the resort town of Victoria Falls are benefiting source markets financially and not Zimbabwe due to misalignm...

By Business reporter | Published: 19 August 2013

BUSINESS NEWS

UNWTO preps almost complete

Zimbabwe and Zambia have announced that everything is in place to co-host the 20th United Nations World Tourism Organisation General Assembly from August 24-29 this year.With a week to go before the w...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Congestion eases at Beitbridge

Congestion that build up at Beitbridge Border Post over the weekend has eased following the completion of the installation of a new clearance customs processing system called Interfront Customs Borde...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Govt urged to reintroduce export incentives

The Zimbabwe National Chamber of Commerce (ZNCC) says the government should reintroduce export incentives and the scraping of surtax on some of the raw materials to improve industrial competitiveness....

By Business reporter | Published: 19 August 2013

OPINION

Analyst's opinion on Econet tariff cut

Econet (ECO:ZH) is reported to have cut tariffs by 60% to other networks and has also introduced discounts of up to 90% for intra-network calls made within the 'Buddiezone'. It's worth noting that t...

By Imara Africa Securities I Addmore Chakurira | Published: 19 August 2013

BUSINESS NEWS

Zimra set to improve vehicle clearance

Zimra is set to move the payment of import duty on motor vehicles to Manica Transit Shed in a move set to improve efficiency and convenience for car dealers and individuals. The accounts department w...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Less than 20 000 tonnes of maize delivered

An increase in the maize producer price has failed to translate into improved deliveries to the Grain Marketing Board amid reports that nearly 20 000 metric tonnes have been delivered to national si...

By Business reporter | Published: 19 August 2013

BUSINESS NEWS

Foreign firms rush to indigenise

Hundreds of foreign-owned companies that have been defying indigenisation law compelling them to ensure at least 51% shareholding is held by Zimbabweans are now rushing to regularise their operations...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

The world comes to Zim as UNWTO kicks-off

Construction of the glass-and-aluminum conference centre that will host the 20th session of the United Nations World Tourism Organisation General Assembly in Victoria Falls this Friday is complete. Z...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

CAAZ ready for general assembly

The country's major airports are ready to deal with an anticipated increase in air traffic as a result of foreign delegates expected to attend the United Nations World Tourism Organisation general as...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Zimbabwe geared to ensuring a successful UNWTO Assembly

Outgoing Tourism and Hospitality Industry Minister Walter Mzembi has expressed confidence that Zimbabwe and Zambia will successfully co-host the 20th United Nations World Tourism Organisation General...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Dairy industry lobbies for surtax on imports

Zimbabwe's dairy industry is lobbying government to introduce surtax on imported South African dairy products flooding the market. Due to high production costs in the country, imported milk from Sout...

By Business reporter | Published: 19 August 2013

POLITICS

CZI urges caution on indigenisation

The Confederation of Zimbabwe Industries has advised the soon-to-be formed government to put on hold a blanket approach on the indigenisation and empowerment regulations, adding that the policy requ...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Fuel dealers warned

Fuel operators risk losing their trading licences if they fail to comply with the mandatory blending of petroleum products and provide weekly returns to the Ministry of Energy and Power Development. ...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Low cotton output projected

A sharp decline in local cotton output is projected this year while concerns abound that crop funding by merchants for the next season may be lower than the previous year. It is understood that some ...

By Business reporter | Published: 19 August 2013

BUSINESS NEWS

Micro-Finance Unit for small-scale miners on cards

THE Zimbabwe Miners Federation is planning to set up a micro-finance unit for small-scale miners as a way of promoting self-reliance and doing away with the dependency syndrome on Government bailouts....

By Business reporter | Published: 15 August 2013

POLITICS

Bankers committed to working with new Government

THE Bankers Association of Zimbabwe has pledged its commitment to work with the Zanu-PF led Government after the party’s resounding victory in the harmonised elections.The revolutionary Zanu-PF Part...

By Business reporter | Published: 15 August 2013

POLITICS

1,000 foreign owned firms submit Zim indigenization plans

ABOUT 1 000 foreign owned firms have submitted plans to comply with indigenisation thresholds, but less than half have so far been approved, an official said. A total of 1 119 plans have been processe...

By Business reporter | Published: 15 August 2013

BUSINESS NEWS

Zimbabwe enforces cheap petrol blend

The Zimbabwean government has, with immediate effect, introduced mandatory blending of anhydrous ethanol and unleaded petrol at the level of 5% ethanol and 95% unleaded petrol (known as E5).Appropriat...

By Business reporter | Published: 15 August 2013

BUSINESS NEWS

RBZ rules out Fidelity bids

The Reserve Bank of Zimbabwe (RBZ) says it will maintain a controlling stake in Fidelity Printers and Refiners as efforts are on-going to mobilise funds for its recapitalisation.Fidelity Printers and ...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Zimra launches blitz against defaulters

THE Zimbabwe Revenue Authority (Zimra) has launched a blitz against businesses and individuals owing the revenue authority.Zimra has highlighted concerns of late submission of returns and a growing li...

By Staff reporter | Published: 14 August 2013

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