BUSINESS NEWS

Fuel price hike rumour trashed

ENERGY and Power Development Minister Joram Gumbo has assured motorists not to panic as Government is not planning to increase fuel prices again. His assurance comes after reports on social media indi...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

$46million drawn-down for RGM Airport facelift

Government has drawn-down $45,9 million, representing 30 percent of the total project cost for upgrading and modernisation of the Robert Gabriel Mugabe International Airport. The RGM International Air...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Hwange extension project underway

The actual construction works for Zesa's US$1,4 billion Hwange Power Station (HPS) 7 and 8 extension project have started, giving hope the project will be completed within time and original budget, a ...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

NatPharm to open retail pharmacies

THE National Pharmaceuticals Company (NatPharm) will soon establish retail pharmacies that will dispense drugs at affordable prices and accept forms of payment accessible to the majority as Government...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

7-Star Swiss hotel for Zimbabwe

Swiss billionaire and owner of Dolder Grand Hotel in Zurich, Mr URs Ernst Schwarzenbach, has expressed interest in investing in Zimbabwe, in a development that could bring an ultra-luxury, 7- Star hot...

By Staff reporter | Published: 02 February 2019

BUSINESS NEWS

Business welcomes RTGS for FCAs

Business has welcomed the Reserve Bank of Zimbabwe (RBZ)'s move to allow payments through the real time gross settlement (RTGS) system for foreign currency account (FCA) holders.The Ministry of Financ...

By Staff reporter | Published: 30 January 2019

OPINION

Chamisa calls for SADC intervention in Zimbabwe crisis - Fulltext

Text of speech by MDC leader Nelson Chamisa as prepared for delivery at a news conference in Harare on Tuesday, January 29:THE situation in the country has reached crisis levels. The country is curren...

By Nelson Chamisa | Published: 30 January 2019

BUSINESS NEWS

Zera puts on hold ZPC bid

Zimbabwe Power Company's (ZPC) bid to add more electricity to the national grid has suffered a setback after regulatory authorities put a hold on its request for a licence extension until it addresses...

By Staff reporter | Published: 30 January 2019

BUSINESS NEWS

Redan restores fuel coupons value

REDAN Petroleum has given in to pressure and reversed its decision to debase fuel coupons following President Emmerson Mnangagwa's decision to hike fuel prices by 150% three weeks ago.The decision fol...

By Staff reporter | Published: 30 January 2019

BUSINESS NEWS

Zimbabwe trade deficit widens

ZIMBABWE recorded a trade deficit of $2,3 billion in the period between February and December 2018, latest trade data has shown.Figures released by the Zimbabwe National Statistics Agency (ZimStat) sh...

By Staff reporter | Published: 29 January 2019

POLITICS

Jonathan Moyo cornered

Former Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan Moyo - who was slapped with a $5 million defamation suit by Vice President Constantino Chiwenga - h...

By Staff reporter | Published: 25 January 2019

POLITICS

Jonathan Moyo gets ultimatum to defend Chiwenga’s $5 million lawsuit

SELF-EXILED former Higher and Tertiary Education minister Jonathan Moyo has been given a 10-day ultimatum by the High Court to defend a $5 million defamation lawsuit filed by Vice-President Constantin...

By Staff reporter | Published: 25 January 2019

BUSINESS NEWS

Foreign drug manufacturers cut off supplies to Zimbabwe

THE pharmaceutical sector in Zimbabwe owes foreign suppliers more than $39 million for imported raw materials as well as finished products, resulting in supplies to the southern African country being ...

By Staff reporter | Published: 25 January 2019

BUSINESS NEWS

Zimbabwe retailers appeal for distress fund

Retailers have called on Government to establish a distress fund that will help re-capacitate and restock businesses that fell victim to the looting and vandalism that took place during last week's vi...

By Staff reporter | Published: 25 January 2019

POLITICS

Mnangagwa's Commonwealth bid hits snag

PRESIDENT Emmerson Mnangagwa's bid to rejoin former British colonies' club, the Commonwealth, as part of his re-engagement efforts with the West, appears to have hit a snag after the ex-colonial maste...

By Staff reporter | Published: 25 January 2019

BUSINESS NEWS

Redan given 72 hours to restore fuel coupons value

The decision by Redan Petroleum to debase fuel coupons following President Emmerson Mnangagwa's decision to hike fuel prices a fortnight ago has drawn fire, with lawyers demanding that the fuel distri...

By Staff reporter | Published: 25 January 2019

BUSINESS NEWS

Internet shutdown costs govt millions of dollars

THE government lost millions of dollars through delayed revenue inflows due to the slow processing of imports and exports after the switching off internet services countrywide.Government threw the cou...

By Staff reporter | Published: 20 January 2019

BUSINESS NEWS

ZimTrade aims to increase exports by 10%

TRADE and export promotion body ZimTrade has projected to increase exports of value-added goods and services by 10 percent this year through lining-up various promotional programmes aimed at encouragi...

By Staff reporter | Published: 20 January 2019

BUSINESS NEWS

New activities for Matopos National Park

A TOUR operator in Bulawayo is planning to introduce new tour packages to excite visitors to Matobo National Park as the industry is fast adopting innovative and diverse ideas that will revive interes...

By Staff reporter | Published: 20 January 2019

BUSINESS NEWS

Fuel deliveries resume

FUEL deliveries at service stations have resumed after being temporarily halted for about a week owing to the violent protests that rocked the country, a Cabinet Minister has said.In a telephone inter...

By Staff reporter | Published: 20 January 2019

POLITICS

Chamisa's MDC won't compensate anyone

MDC Alliance said it will not compensate anyone for the damages incurred during the national stay-away.The party's vice president Morgen Komichi told the Daily News that his party was not behind the c...

By Staff reporter | Published: 19 January 2019

POLITICS

Zimbabwe deports SA journalists

Two South African journalists were yesterday deported by Zimbabwean authorities amid fears government could be going in overdrive to stifle access to information.In a statement, Media Alliance of Zimb...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Panicking Zimbabwean shoppers besiege supermarkets

Hundreds of panicking shoppers yesterday thronged  supermarkets  and engaged in panic buying after some of the country's leading retailers opened their doors to the public following three da...

By Staff reporter | Published: 19 January 2019

POLITICS

Zimbabwe soldiers leave ugly terror trail

Horror stories are slowly emerging of how the country's trigger-happy security forces brutalised ordinary Zimbabweans this week - shooting  68 people and leaving dozens others requiring life-savi...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Mnangagwa's cabinet approves new cyber bill

With Zimbabwe's Internet shutdown still partly in place, the Information minister says that the government has crafted a new law to curb abuse of the Internet .Zimbabweans were left without Internet&n...

By Staff reporter | Published: 19 January 2019
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