The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...
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 ...
SOME local companies are reportedly negotiating distributor arrangements with United Kingdom (UK) firms and have identified business partners who will provide machinery for value-adding their products...
The Insurance and Pensions Commission (IPEC) made a statement on the forward going policy for foreign currency dominated insurance policies. The development comes in the midst of a growing confi...
DEVELOPMENT Bank of Southern Africa (DBSA) chief executive officer Patrick Dlamini says government can do much better on reforms, amid a planned visit to Zimbabwe to discuss potential funding for the ...
ZIMBABWE's telecoms sector has suffered a $37,1 million decline in revenue for the first time ever in the past four years.The latest Postal and Telecommunications Regulatory Authority of Zimbabwe (Pot...
POWER outages are wrecking Bulawayo's businesses, amid fears that the debilitating electricity cuts may force the closure of some firms, captains of commerce and industry have warned.This comes as Zim...
THE re-introduction of the Zimbabwean dollar is expected to bring stability to the fuel sector as Government tightens fiscal and monetary policies to ease pressure on foreign currency demand, National...
Eskom has confirmed that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account. Earlier on Tuesday, Fin24 reported that Zimbabwe Energy minister Fortune Chasi p...
Government yesterday confirmed paying US$10 million to South African power utility, Eskom, to service the debt to the power utility - and the money was set to be in the receiver's bank by end of day y...
"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...
Cabinet has approved currency reforms introduced by Treasury which culminated in the scrapping of the multi-currency system on local transactions saying the move would now bring normalcy in the econom...
Implementation of reforms under the Transitional Stabilisation Programme (TSP) has averted the economy from being weakened by adverse exogenous factors, Finance and Economic Development Minister Profe...
MORE Japanese are set to invest in Zimbabwe in response to the on-going economic reform process with Tokyo and Harare pushing for improved bilateral relations. Japanese Ambassador to Zimbabwe Mr Toshi...
Foreign workers in South Africa with expertise deemed vital to the economy are worried that authorities will reduce the number of critical skills eligible for work permits, a move they say could force...
The European Union (EU) yesterday acknowledged that there are some positive steps towards the attainment of political and economic reforms by Zimbabwe. Speaking after meeting President Emmerson Mnanga...
Businesses in the insurance industry that fail or delay paying out claims of admitted liabilities under any policies risk having their operating licences cancelled as stipulated at law, according to t...
THE re-bundling of Zesa and merger of its five previously separate entities into a single integrated company will cut overhead costs and boost power generation efficiency, Vice President Constantino C...
A BELARUSIAN business delegation yesterday paid a courtesy call on President Mnangagwa at his Munhumutapa Offices in Harare where it expressed interest in cooperating with Zimbabwe in different sector...
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...
DEEP structural reforms such as transparency in the mining sector and respect for property rights could improve Zimbabwe's business climate, attract private investment and see the return of skilled la...
A SURVEY has revealed that 66 percent of local firms will pay bonuses this year, an increase of 16 percent from last year. The survey by Industrial Psychology Consultants covered a sample of 71 compan...
David Whitehead is in serious negotiations with two unnamed investors seeking to inject fresh capital and revive the struggling textile firm, sources familiar with the talks have revealed. The company...
ENVIRONMENTAL Management Authority (EMA) recently ordered the closure of three Chinese companies that were setting up coke-processing and solar power plants in Hwange without conducting environmental ...
INDUSTRIES in Bulawayo have started closing for the festive season, optimistic of resuming operations next year under an improved environment. Confederation of Zimbabwe Industries (CZI) Matabeleland c...