BUSINESS NEWS

'Zimbabwe running out of passport paper'

REGISTRAR-General Clemence Masango yesterday told Parliament that the demand for emergency passports was now so high that his department might soon run out of passport paper.Masango made the disclosur...

By Staff reporter | Published: 12 February 2019

BUSINESS NEWS

Create export friendly policies: Mudenda

ZIMBABWE needs to improve its trade systems and proffer enabling monetary and fiscal policies designed to promote international trade, Speaker of the National Assembly Jacob Mudenda has said.Speaking ...

By Staff reporter | Published: 12 February 2019

BUSINESS NEWS

Poultry feeds output up 58%

POULTRY feeds production increased by 58% to 110,121 tonnes in the last quarter of 2018 and generated more than $106,5 million in revenue, latest industry reports have shown.In an industry update, Zim...

By Staff reporter | Published: 12 February 2019

BUSINESS NEWS

Prophet Magaya church accounts garnished by Zimra

The Zimbabwe Revenue Authority (Zimra) has garnished Walter Magaya's Prophetic Healing and Deliverance (PHD) Ministries accounts for alleged tax arrears amounting to $22 million.According to a Zimra s...

By Staff reporter | Published: 07 February 2019

BUSINESS NEWS

SEZ approves investors for Bulawayo

The Special Economic Zones Authority says it has approved three investors for special economic zone status in Bulawayo.This follows the declaration of Belmont, Kelvin and Donnington industrial areas a...

By Staff reporter | Published: 07 February 2019

BUSINESS NEWS

Employers to meet Labour minister

EMPLOYERS Confederation of Zimbabwe (Emcoz) will this month hold a crucial meeting with Labour minister Sekai Nzenza over the state of the economy.The meeting comes at a time the economy is experienci...

By Staff reporter | Published: 07 February 2019

BUSINESS NEWS

Political upheaval hammers Zimbabwe economy

Zimbabwe's recurrent political turmoil-which took a turn for the worse after last year's disputed presidential election - is hurting the economy badly by amplifying negative perceptions about the coun...

By Fin Gaz | Published: 07 February 2019

BUSINESS NEWS

Bulawayo industries get $22m investment boost

The Zimbabwe Special Economic Zones Authority (ZIMSEZA) says it has approved $22 million worth of investments for Bulawayo. This comes as government is implementing various measures to revive the coun...

By Fin Gaz | Published: 07 February 2019

BUSINESS NEWS

Cabinet approves parastatal reforms

CABINET yesterday approved a litany of measures meant to strengthen under-performing parastatals such as Air Zimbabwe, the Grain Marketing Board and Zesa Holdings.Addressing journalists soon after the...

By Staff reporter | Published: 06 February 2019

POLITICS

UK to block Harare's Commonwealth return

Britain's minister for Africa Harriett Baldwin says her country supports an extension of EU sanctions against Zimbabwe and will not back its plan to return to the Commonwealth.The frosty relationship ...

By Business Day | Published: 06 February 2019

BUSINESS NEWS

Bank seeks Rushwaya's incarceration over $174k debt

Tetrad Investment Bank, which is under provisional judicial management, has petitioned the High Court seeking the incarceration of Kadoma gold miner, Jameson Rushwaya over a $174 000 debt.Through its ...

By Staff reporter | Published: 06 February 2019

BUSINESS NEWS

Mnangagwa to attend CEO Africa Roundtable

MORE than 400 company executives drawn from across Africa are next week expected to converge in the resort town of Victoria Falls for the annual CEO Africa Roundtable, whose aim is to deliberate on th...

By Staff reporter | Published: 05 February 2019

BUSINESS NEWS

RTG Bulawayo facelift to meet ZITF opening dates

RAINBOW Tourism Group (RTG) says the  refurbishment of its Bulawayo Rainbow Hotel will be completed by March 31, in time for the Zimbabwe International Trade Fair. RTG corporate communications an...

By Staff reporter | Published: 05 February 2019

BUSINESS NEWS

Mnangagwa's govt rapped for dilly-dallying over Motlanthe recommendations

LEGAL think-tank Veritas has rapped government's lethargy in implementing recommendations of the Commission of Inquiry into the August 1, 2018 post-election violence in which military personnel shot a...

By Staff reporter | Published: 05 February 2019

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
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