BUSINESS NEWS

Bulawayo mayor vows to resuscitate industries

MAYOR Solomon Mguni has reaffirmed his commitment to revive the second largest city's industries to their former glory.Speaking at the annual mayor's reception where he welcomed delegates to the Zimba...

By Staff reporter | Published: 58 mins ago

BUSINESS NEWS

Industry sweats over drop in aggregate demand

MANUFACTURING industries have expressed concern over the recent drop in aggregate demand saying this has a knock-on effect on production levels and investment by local companies.The captains of indust...

By Staff reporter | Published: 2 hours ago

BUSINESS NEWS

Cassava ventures into trucking business

LISTED technology solutions firm, Cassava Smartech Zimbabwe, yesterday launched the Vaya logistics unit, an additional entity that deals with delivery trucks and van services under its Vaya division.T...

By Staff reporter | Published: 3 hours ago

POLITICS

Chamisa blasts Mnangagwa over Museveni invite

MDC leader Nelson Chamisa has slammed President Emmerson Mnangagwa for inviting Ugandan President Yoweri Museveni to officially open this year's Zimbabwe International Trade Fair in Bulawayo on Friday...

By newzimbabwe | Published: 3 hours ago

BUSINESS NEWS

Plunging economy hammers business

Zimbabwe's shrinking economy- compounded by skyrocketing inflation, the escalating cost of doing business and surging parallel foreign exchange rates is worsening the plight of commerce and industry i...

By Staff reporter | Published: 4 hours ago

POLITICS

MDC councillors refuse to declare assets

THE majority of Bulawayo councillors have refused to declare their assets and interests, notwithstanding pressure from residents, with mayor Solomon Mguni calling the move "a voluntary exercise".Only ...

By Staff reporter | Published: 4 hours ago

POLITICS

Church in fresh push for inclusive national dialogue in Zimbabwe

CHURCHES are reviving their bid for a comprehensive national dialogue to tackle the country's ever-pressing problems, insisting that all other initiatives must feed into the one they are championing.A...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

Austerity measures to go next year, says Mthuli Ncube

AUSTERITY measures introduced by government this year will be over by next year when the country starts experiencing economic growth, Finance and Economic Development minister Mthuli Ncube has said.In...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

'ZIDA Bill to improve ease of doing business'

THE Zimbabwe Investment and Development Agency (ZIDA) Bill gazetted early this month will among other things, seek to curb environmental degradation by big investment projects.The Bill is aimed at imp...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Minister urges women to up their game in business

ZIMBABWEAN women run the risk of remaining in the business doldrums if they do not up their game and come up with products that compete in the open market.This was said by Bulawayo Metropolitan Affair...

By Staff reporter | Published: 24 April 2019

MINING & RETAIL

Miners say 'use it or lose it' concept spot on

GOVERNMENT should expedite implementation of the "use it or lose it" concept as announced by President Emmerson Mnangagwa so as to unlock new economic opportunity and create more jobs, small scale min...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Belarus firms keen on Zimbabwe

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...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Industry gets 80% fuel

Industrialists say fuel availability has improved "significantly" in the last few months since Government took the bold decision to adjust the price upwards, with indications that the manufacturing se...

By Staff reporter | Published: 24 April 2019

MINING & RETAIL

Zimbabwe targets US$4bn in mining exports

Zimbabwe is this year targeting a 28 percent increase in mineral export earnings as the sector gears towards Vision 2030 target of an annual haul of US$12 billion per annum by 2023. Zimbabwe last year...

By Staff reporter | Published: 24 April 2019

ZIMBABWE

ZSE suspends Falgold

The Zimbabwe Stock Exchange Limited (ZSE) has suspended Falcon Gold Zimbabwe Limited (Falgold) from trading on the local bourse after the gold miner failed to publish its financial results for the yea...

By Staff reporter | 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

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

LANDS & AGRICULTURE

Pork industry records 20% growth

THE number of slaughtered pigs increased by nearly 20% in 2018 compared to the previous year, but the sector remained heavily constrained by high costs of feed and veterinary medicines, an official ha...

By Staff reporter | Published: 04 February 2019

FINANCIAL SERVICES

ZB adjusts housing project costs

ZB Financial Holdings Limited (ZBFH) is making pricing adjustments for its Plumtree housing project due to cost escalations, chief executive Ron Mutandagayi has said."The cost escalations have caused ...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

IDCZ disposes stakes in Almin Metal Industries, Stone Holdings

THE Industrial Development Corporation of Zimbabwe (IDCZ) has disposed of its shareholding in Almin Metal Industries and Stone Holdings as part of a restructuring process to be completed this year. Th...

By Staff reporter | Published: 04 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

LANDS & AGRICULTURE

ARDA Katiyo in US$95m investment deal

Agricultural productivity at ARDA Katiyo Estate is being revived after government secured investors that will channel at least US$95 million towards tea and avocado production.The investment deal will...

By Staff reporter | Published: 29 January 2019

SOCCER

Chiyangwa accused of destabilising Zifa

ZIFA president Felton Kamambo has accused former association boss Philip Chiyangwa of destabilising the association, alleging that the businessman held a meeting with some board members, where they di...

By Staff reporter | Published: 19 January 2019

POLITICS

Man tries to pay duty with fake US$ notes

A 25-YEAR-OLD man from Bulawayo has been arrested at Beitbridge Border Post for attempting to pay duty using fake United States dollar notes. Givemore Tshuma of Nketa suburb, who was supposed to pay a...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Money changer loses US$4 000 to armed robbers

AN illegal money changer from Emganwini suburb in Bulawayo lost more than US$4 000 to seven gun-totting robbers who raided his home while he was sleeping early yesterday morning. The suspects, who wer...

By Staff reporter | Published: 19 January 2019
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