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

BUSINESS NEWS

Mthuli Ncube to set up sovereign wealth fund

Finance and Economic Development minister Mthuli Ncube has proposed setting up a sovereign wealth fund (SWF) to help boost economic growth, but the plan is being hampered by a critical funding shortfa...

By Staff reporter | Published: 20 December 2018

MINING & RETAIL

Vast Resources well-funded for projects

AIM - listed diversified miner, Vast Resources, says it is "well-funded" to implement its various projects going forward, including its Zimbabwean projects, the Eureka Gold Mine and the Heritage Conce...

By Staff reporter | Published: 11 December 2018

OPINION

Which fundamentals require attention?

There is a real sense of despair in the country. Perhaps it is a left over from the heady days when we celebrated the final departure of former President Robert Mugabe from office and welcomed a 'new'...

By Eddie Cross | Published: 10 December 2018

BUSINESS NEWS

Mnangagwa to recover looted Zinara funds

Government will recover all the money looted from the Zimbabwe National Road Administration (Zinara), President Emmerson Mnangagwa has said. An audit report by Grant Thornton unearthed massive looting...

By Staff reporter | Published: 05 December 2018

POLITICS

Funding for Zimbabwe's new Parliament questioned

Zimbabwe is set to receive $165 million of Chinese aid for the full construction of a new Parliament building in Mt Hampden, yet Finance minister Mthuli Ncube has allocated $3,8 million in the 2019 Na...

By Staff reporter | Published: 03 December 2018

BUSINESS NEWS

Zimbabwe seeks funds to improve power infrastructure

Zimbabwe requires $1,2 billion to finance new power projects and repair ageing infrastructure, a report by the African Development Bank (AfDB) has shown.Several of the country's thermal power stations...

By Staff reporter | Published: 02 December 2018

BUSINESS NEWS

Zimbabwe may lose out on Chinese funds

China, a comprehensive strategic partner of Zimbabwe, feels its debt stricken ally has moved slowly towards seizing funding opportunities Beijing pledged at this year's Forum for China-Africa Co-opera...

By Business Weekly | Published: 30 November 2018

LANDS & AGRICULTURE

New funding model for Zimbabwe agriculture

Zimbabwe is prepared to provide guarantees to banks that will be financing agriculture to help plug the funding gap to the sector, according to Finance and Economic Development Minister Mthuli Ncube. ...

By Business Weekly | Published: 30 November 2018

TRANSPORT & TOURISM

Govt mulls tourism fund

Government is mulling setting up a tourism revolving fund to support players in the sector to access credit facilities to boost big projects, Environment, Tourism and Hospitality Industry Minister Pri...

By Staff reporter | Published: 28 November 2018

POLITICS

Mupfumira warns parastatal bosses over abuse of funds

ENVIRONMENT, Tourism and Hospitality Industry minister Prisca Mupfumira has warned parastatals under her ministry to desist from corrupt tendencies that have crippled most parastatals and State-owned ...

By Staff reporter | Published: 27 November 2018

BUSINESS NEWS

NatPharm mulls requesting Health Levy Fund in forex

THE National Pharmaceutical Company (NatPharm) is considering requesting Government to avail the Health Levy Fund (HLF) in foreign currency to make the procurement of medical drugs hassle-free. Speaki...

By Staff reporter | Published: 22 November 2018

BUSINESS NEWS

Funding for ailing companies

GOVERNMENT is set to avail funding to support ailing companies in the 2019 national budget to be announced this week and firms should formulate strategic value chains for effective growth, a Cabinet M...

By Staff reporter | Published: 20 November 2018

TRANSPORT & TOURISM

International airlines raise red flag over funds

INTERNATIONAL airlines operating in Zimbabwe are reportedly contemplating cancelling their routes after failing to recover a cumulative more than $130 million repatriation funds they are owed by the c...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Mthuli Ncube sweats over funding

NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engag...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Zimra ordered to refund Zimplats $9,5m

ZIMBABWE Revenue Authority (ZIMRA) has been caught on the wrong side of the law in collecting revenue and the High Court has ordered it to pay back $9,5 million it unlawfully garnished from a local mi...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

RBZ creating artificial money to fund gold exports

THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate...

By Staff reporter | Published: 13 September 2018

TRANSPORT & TOURISM

Low uptake for tourism fund

THE $15 million Tourism Revival Fund facility availed by the Reserve Bank of Zimbabwe (RBZ) to prop up the collapsing industry has been lying idle for about seven months with only three industry's pla...

By Staff reporter | Published: 09 September 2018

POLITICS

Mujuru tells candidates to fund their campaigns

People's Rainbow Coalition (PRC) presidential candidate Joice Mujuru has ordered her council and parliamentary candidates to fund their own campaigns ahead of next weeks' elections.In correspondence t...

By Staff reporter | Published: 27 July 2018

POLITICS

Modi plans $100 000 revolving fund

BULAWAYO businessman, Mr Raj Modi, plans to set up a revolving fund with initial $100 000 seed capital to assist small businesses in Bulawayo South.Addressing journalists in the city yesterday, the bu...

By Staff reporter | Published: 25 July 2018

POLITICS

Mnangagwa govt hunts for $2bn funding

PRESIDENT Emmerson Mnangagwa's administration is frantically negotiating a critical US$2 billion bailout package with a top Chinese bank, the Industrial and Commercial Bank of China (ICBC), and other ...

By Staff reporter | Published: 20 July 2018

POLITICS

Modi sets up revolving fund

BULAWAYO businessman, Mr Rajesh Modi, has set up a revolving fund to assist small businesses in Bulawayo South.He revealed this in an interview after addressing more than 50 vendors who had come for a...

By Staff reporter | Published: 20 July 2018

INDUSTRIALS & ENERGY

Merlin finalising $5m funding facility with govt

TEXTILE company, Merlin, expects to finalise arrangements on the $5 million funding facility from government in the next "few" weeks, an official has said.In his progress update report presented at th...

By Staff reporter | Published: 17 July 2018

POLITICS

Govt should fund training of polling agents

MDC-T breakaway faction leader, Thokozani Khupe, has challenged government to fund the training and deployment of polling agents for all political parties to ensure equal representation at all polling...

By Staff reporter | Published: 16 July 2018

BUSINESS NEWS

Gweru moots capital development fund

Gweru City Council has announced plans to set up a capital development fund that will assist in financing its future capital projects in a bid to move away from over reliance on rates and service fees...

By Staff reporter | Published: 09 July 2018
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