BUSINESS NEWS

Buy products and pay your Zimbabwe bills from SA with new app

Zimbabweans living and working in South Africa have received a shot in the arm with the launch of free mobile transacting and basic insurance services, AMA.ZING Diaspora. The mobile solution developed...

By Staff reporter | Published: 12 September 2018

POLITICS

Chamisa's hefty legal bill

Zimbabwe's opposition MDC Alliance leader Nelson Chamisa may have to fork out more than R42 million to meet the costs of his election outcome challenge he launched and lost at the country's Constituti...

By Staff eporter | Published: 06 September 2018

FINANCIAL SERVICES

Zamco acquires $1,1billion NPLs

The Zimbabwe Asset Management Company (Zamco), a special purpose vehicle created by the Reserve Bank of Zimbabwe (RBZ) to rid the banking sector of non-performing loans (NPLs), has so far acquired $1,...

By Staff reporter | Published: 27 July 2018

POLITICS

Campaign billboards a waste, says Nkosana Moyo

Alliance for the People's Agenda (APA) presidential candidate Nkosana Moyo has lampooned his rivals, accusing them of wasting large sums of money on campaign billboards instead of using the resources ...

By Staff reporter | Published: 23 July 2018

POLITICS

Mugabe, Grace hit with $756,401 bill

Former president Robert Mugabe and his wife have been taken to the High Court by their former general manager, Stanley Nhari, who is demanding $756 401 after they allegedly forced him to work with no ...

By Staff reporter | Published: 22 July 2018

BUSINESS NEWS

ZPC in $20m legal services bill scandal

The Zimbabwe Power Company (ZPC) is engulfed in a $20 million legal-payment row amid revelations that the Zesa Holdings subsidiary might have flouted procurement regulations by awarding such a hefty c...

By Financial Gazette | Published: 20 July 2018

BUSINESS NEWS

Zimbabwe trade deficit reaches $1,3 billion

ZIMBABWE's trade deficit widened by 30 percent to $1,3 billion in the first six months of the year compared to the same period in 2017, official figures show.During the comparable period last year, th...

By Staff reporter | Published: 16 July 2018

BUSINESS NEWS

Council threatens legal action over bills

The Masvingo City Council has given residents with outstanding water bills dating up to five years, a seven-day ultimatum to pay or risk legal action. The move has been met with stiff resistance by re...

By Staff reporter | Published: 16 July 2018

TELECOMS & TECHNOLOGY

TelOne faces $23m bill from dismissed staffers

EIGHTY-two dismissed former employees of fixed telecoms operator, TelOne, are demanding compensation amounting to $23 million as dues accumulated from salaries arrears, unpaid benefits and retrenchmen...

By Staff reporter | Published: 12 July 2018

BUSINESS NEWS

Billboards earn city $3,6m annually

Harare City Council is raking in $3,6 million annually in advertising revenue from seven companies it signed deals with, but could be losing millions more from those illegally erecting billboards. The...

By Staff reporter | Published: 09 July 2018

MINING & RETAIL

Kamativi sits on $1,9 billion lithium dump

KAMATIVI Mine in Matabeleland North is sitting on $ 1,9 billion worth of lithium on its dumps, which the Government is looking forward to start exploiting in the first quarter of next year.In an inter...

By Staff reporter | Published: 08 July 2018

BUSINESS NEWS

Govt borrowing surges 60% to $6,2 billion

ZIMBABWE'S domestic credit grew 38,5% on an annual basis to $10,5 billion in February largely driven by an increase in lending to government, a Treasury report says.During the period under review, cre...

By Staff reporter | Published: 06 July 2018

MINING & RETAIL

$4,2 billion platinum project takes shape

THE $4,2 billion platinum investment project in Mhondoro-Ngezi has become one of the fastest projects to be implemented under President Mnangagwa's administration, with the investor, Karo Resources of...

By Staff reporter | Published: 04 July 2018

POLITICS

Billboards on buildings to be levied

Private properties with billboards facing public roads will soon be paying advertising levies to Harare City Council (HCC).HCC's director of works Zvenyika Chawatama said a full council resolved that ...

By Staff reporter | Published: 03 July 2018

BUSINESS NEWS

Harare losing revenue through unbilled billboards

HARARE City Council is losing a lot of potential revenue through billboards erected at private institutions by illegal advertising agencies.According to minutes of the environmental management committ...

By Staff reporter | Published: 29 June 2018

BUSINESS NEWS

'$100 billion Zimbabwe economy by 2028'

Leader of Build Zimbabwe Alliance (BZA), Dr Noah Manyika has said the country will attain a $100 billion economy by 2028 if he wins the presidential election on July 30. Dr Manyika - a businessman, pu...

By Staff reporter | Published: 29 June 2018

BUSINESS NEWS

Infrastructure stock rising due to Treasury Bills

Treasury Bills (TBs) have mostly been channelled towards infrastructure development and Government had managed to keep its borrowing under manageable levels, Finance and Economic Planning Minister Pat...

By Staff reporter | Published: 24 June 2018

SOCCER

Billiat signs for Kaizer Chiefs

WARRIORS star Khama Billiat has signed for Kaizer Chiefs on a three-year deal, in a move that should surprise many of his followers, ending speculation of him playing in Europe.The in-demand attacker ...

By Staff reporter | Published: 23 June 2018

FINANCIAL SERVICES

New Zealander to inject $2 billion in new bank

A New Zealand based investor, Worldwide Capital Corp, plans to invest over $2,2 billion in establishing and financing operations of a new commercial bank in Zimbabwe, according to documents seen by Bu...

By Staffr eporter | Published: 22 June 2018

FINANCIAL SERVICES

Zamco mops up $1 billion Non-Performing Loans

THE Zimbabwe Asset Management Company has since its establishment absorbed $1 billion Non-Performing Loans (NPLs) at banks for various companies to help the businesses turnaround.In 2014, the Reserve ...

By Staff reporter | Published: 22 June 2018

SOCCER

Zamalek table Billiat offer

EGYPTIAN giants Zamalek have officially tabled an offer for Zimbabwe international Khama Billiat and indicated they are prepared to part with a salary bill of $450 000 per year in a big money move. Th...

By Staff reporter | Published: 19 June 2018

ZIMBABWE

ZSE adds another billion

THE Zimbabwe Stock Exchange (ZSE) has continued its rally that has been spurred by the monetary crisis in the country, with the market capitalisation pushing over $11 billon this week.The market capit...

By Staff reporter | Published: 15 June 2018

LANDS & AGRICULTURE

Wheat import bill to drop

Government is expected to save $100 million through substituting a significant portion of wheat imports as it forecasts to produce between 180 000 metric tonnes (MT) and 200 000 (MT), which is half th...

By Staff reporter | Published: 10 June 2018

BUSINESS NEWS

$8 billion for water infrastructure

Zimbabwe requires about US$8 billion to construct 37 major water infrastructure facilities, including dams and water purification structures to meet the increasing demands of the growing urban populat...

By Staff reporter | Published: 10 June 2018

TELECOMS & TECHNOLOGY

Mobile transactions decline to $2,4 billion

THE total value of transactions processed through the National Payment Systems (NPS) amounted to $2,45 billion during the week ending May 24  down from $2,70 billion recorded the previous week.Ac...

By Staff reporter | Published: 07 June 2018
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