MINING & RETAIL

Tharisa Zimbabwe asset gets Special Economic Zone status

Tharisa PLC on Tuesday said land on which it has special mining grants in Zimbabwe has been designated a special economic zone.A 50,667-hectare area has been given the designation, miner Tharisa said,...

By Alliance News | Published: 22 October 2019

BUSINESS NEWS

Zimbabwe economic reforms win IMF approval

The International Monetary Fund (IMF) has lauded Zimbabwe's economic reforms but warned they might take time to bear fruit since they were meant to correct mistakes that happened over two decades.IMF ...

By Staff reporter | Published: 11 October 2019

INDUSTRIALS & ENERGY

Lafarge Zimbabwe defies economic challenges

ZIMBABWE Stock Exchange listed cement producer, Lafarge Zimbabwe Limited, swung to profitability in the six months to June this year against a loss in the prior comparative period thanks to good volum...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Economic woes bite Zimbabwe's real estate

Zimbabwe's real estate firms are battling for survival as they continue to be weighed down by soaring inflation and rising voids, industry players have indicated.They say persistently high inflation, ...

By Staff reporter | Published: 05 October 2019

OPINION

Zimbabwe economic crisis a silhouette of the political crisis

The enduring crisis in Zimbabwe presents a conundrum to a lot of people.To the generality of Zimbabweans,whose only desire is the pursuit of a dignified existence, the debilitating liquidity crunch, f...

By Learnmore Zuze | Published: 09 July 2019

BUSINESS NEWS

'Zimbabwe vulnerable to SA economic shocks'

BUSINESS lobbyists ZimTrade have warned South African dominance of Zimbabwe's international trade deals makes it vulnerable to any shocks its economy might experience.ZimTrade senior official Tatenda ...

By Staff reporter | Published: 20 June 2019

POLITICS

'Mnangagwa's govt seized with economic crisis'

President Emmerson Mnangagwa yesterday met members of the Presidential Advisory Council (PAC) amid the deteriorating economic situation in the country which has seen prices of basic goods skyrocketing...

By Staff reporter | Published: 01 May 2019

OPINION

RBZ sabotaging Zimbabwe economic recovery

WHEN Mthuli Ncube was appointed Finance and Economic Development minister, he quickly took charge at the ministry, appointing a new permanent secretary and several directors and publishing a Transitio...

By Eddie Cross | Published: 29 April 2019

OPINION

Mnangagwa must urgently act on worsening economic crisis

THE political and socio-economic crises in Zimbabwe is slowly edging towards the tipping point as espoused by the Registrar-General (RG) Office's failure to issue passports and standard national ID ca...

By Editorial - Newsday | Published: 29 April 2019

FINANCIAL SERVICES

Economic turmoil threatens ZB topline

ZB Holdings sees its topline earnings growing 20% in the current financial year but warned this could be affected by the current economic turmoil that has seen cost structures shoot through the roof, ...

By Staff reporter | Published: 19 January 2019

OPINION

Command economics no longer hold sway

When President Emmerson Mnangagwa announced his Cabinet in September last year - following his hotly-disputed July 30 poll victory - there was generally wide approval from Zimbabweans.The reasons for ...

By Staff reporter | Published: 08 January 2019

BUSINESS NEWS

'Declare Kariba an economic zone to boost tourism'

MASHONALAND West Senator Sikelela Gumpo (Zanu PF) has called on government to declare Kariba a special economic zone, saying the town has the potential to earn foreign currency, as well as open up emp...

By Staff reporter | Published: 01 January 2019

BUSINESS NEWS

Auctions boom in Zimbabwe as economic woe takes its toll

Auction companies are booming in Zimbabwe as companies and individuals – including Tongaat Hulett CEO Sydney Mutsambiwa and Mzi Khumalo's Metallon Corporation – default on loan payments or other f...

By Fin24.com | Published: 03 December 2018

INDUSTRIALS & ENERGY

Axia upbeat despite tough economic environment

AXIA Corporation Limited says it sees greater opportunities going forward helped by struggling competitors as the going gets tough economically.Zimbabwe is struggling with acute cash shortages and loc...

By Staff reporter | Published: 30 November 2018

POLITICS

Chamisa, Biti push for talks to end economic turmoil

Opposition leader Nelson Chamisa and one of his key lieutenants, MDC national vice chairperson Tendai Biti, have called for political dialogue with President Emmerson Mnangagwa to end the country's ec...

By Staff reporter | Published: 28 November 2018

OPINION

Biti is a clever lawyer - but no match for Mthuli in the economic sphere

AFTER weeks of conjecture we had the first budget of the new government on Thursday. Finance minister Mthuli Ncube was not thrown by the chaos that resulted when the MDC members refused to respect the...

By Eddie Cross | Published: 26 November 2018

FINANCIAL SERVICES

MFIs post $9,8m profit despite tough economic environment

DESPITE the tough economic environment, credit microfinance institutions (MFIs) posted $9,8 million profit in the first nine months of 2018 on the back of increased demand for micro loans by individua...

By Staff reporter | Published: 21 November 2018

OPINION

Zimbabwe could be China's economic gateway to Sub-Saharan Africa

Anti-Chinese rhetoric in Africa can only be mitigated by the pursuit of stronger economic ties between the Asian giant and countries on the continent, including Zimbabwe. The Southern African country ...

By Carter Chapwanya | Published: 20 November 2018

BUSINESS NEWS

Mnangagwa's economic boom claims queried

Economists and opposition figures have cast doubt on government claims that Zimbabwe's per capita income has risen by 60% to $1 500 over the last eight months at a time the economic outlook continues ...

By Staff reporter | Published: 30 September 2018

OPINION

Currency reform answer to economic woes

THE success of the new Government's effort to transform the country's economy, both in the immediate and future term hinges on addressing the currency reform problem. The vision of the Government is t...

By Bongani Ngwenya | Published: 21 September 2018

BUSINESS NEWS

Business, labour meet to tackle economic crunch

BUSINESS and labour met in Masvingo last week to find ways to improve productivity and competitiveness.This comes at a time the country's economic crisis is deepening, with prices of basic goods skyro...

By Staff reporter | Published: 14 September 2018

OPINION

Mnangagwa must appoint competent team to steer economic recovery

THE enormity of the task of steering the country's economic revival requires that President Emmerson Mnangagwa appoints the best team at his disposal into Cabinet. The pool of possible Ministers avail...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Zimbabwe industry frets over economic indicators

BUSINESS has raised the red flag over the country's ever-deteriorating economic indicators - including rising inflation, soaring prices, worsening foreign currency shortages and continuing retrenchmen...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Zimbabwe sets 13 Special Economic Zones

ZIMBABWE has set up 13 Special Economic Zones (SEZs) across the country in a move aimed at stimulating production and create jobs.SEZs are areas in which business and trade laws are different from the...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Zimbabwe industry frets over economic indicators

Business has raised the red flag over the country's deteriorating economic indicators- including rising inflation, soaring prices, worsening foreign currency shortages and continuing retrenchments whi...

By Staff reporter | Published: 06 September 2018
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