BUSINESS NEWS

Zimbabwe govt misses privatisation deadlines

The government has failed to meet its targets to revive state-owned enterprises (SOEs) that were outlined under its much-touted economic blueprint amid concerns about policy inconsistencies.Finance mi...

By Staff reporter | Published: 06 October 2019

BUSINESS NEWS

POSB edges closer to privatisation

THE People's Own Savings Bank (POSB)'s chairperson Mathilda Dzumbunu says the bank's partial privatisation has moved an inch closer amid revelations that a transaction advisory services consultant was...

By Staff reporter | Published: 01 October 2019

LANDS & AGRICULTURE

Zimnat and THI bring agricultural innovation to ADMA Agrishow

Zimnat and THI Insurance, which earlier this year entered into an underwriting management agency agreement with Zimnat General Insurance, are jointly participating in this year's Agricultural Dealers'...

By Staff reporter | Published: 11 June 2019

INDUSTRIALS & ENERGY

Innovative tobacco barn unveiled

A LOCAL engineering firm, Mamsen Engineering, has developed an energy-efficient Twin-Turbo tobacco curing barn that is set cut energy bills for tobacco farmers and reduce the impact on the environment...

By Staff reporter | Published: 11 June 2019

BUSINESS NEWS

'Private sector frustrates interbank system'

INDUSTRY and Commerce Minister Mangaliso Ndlovu has blamed the private sector for frustrating the success of the interbank foreign currency market by shifting goal posts and blaming Government for the...

By Staff reporter | Published: 30 April 2019

INDUSTRIALS & ENERGY

Private equity firms eye David Whitehead

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...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Privatisation to yield $350m

THE Government is expected to reap proceeds of up to $350 million in 2019 from the privatisation of key State-owned enterprises (SOEs) and parastatals, the Minister of Finance and Economic Development...

By Staff reporter | Published: 23 November 2018

BUSINESS NEWS

Top entrepreneurs, firms talk service innovation

A CUSTOMER service symposium held last week attracted Zimbabwe's top entrepreneurs and firms, including quoted companies who gathered in Harare to explore strategies on how the country could catch up ...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Gweru in private cemetery plan

A GWERU-BASED private land developer has submitted a proposal to partner proprietors of Harare's Glen Forest Memorial Park and set up an upmarket burial site at the council-owned Mutasa Cemetery.Actin...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

Zimra loses VAT battle to lawyers

The Zimbabwe Revenue Authority (Zimra) has lost a High Court case in which it was seeking to compel the Law Society of Zimbabwe (LSZ) to pay value added tax (VAT) on income earned from fees and subscr...

By Staff reporter | Published: 20 July 2018

BUSINESS NEWS

SEP privatisation to spur market growth

Government's move to privatise and restructure Zimbabwe's state enterprises and parastatals (SEPs) will have a significant impact on the growth of the local capital markets, according to analysts at A...

By Staff reporter | Published: 15 July 2018

TRANSPORT & TOURISM

RTG completes US$1 million hotel renovation

HOTELING concern Rainbow Tourism Group has completed its US$1 million refurbishment of the 88-room Victoria Falls Rainbow Hotel as it seeks to increase its market share.This follows the refurbishment ...

By Staff reporter | Published: 13 July 2018

OPINION

Key challenges to Zim's privatisation

State Enterprises and Parastatals (SEPs) total debt has breached the $3 billion mark yet privatisation reforms progress are at a snail pace.Privatisation has dominated Zimbabwe's economic turnaround s...

By Victor Bhoroma | Published: 03 July 2018

BUSINESS NEWS

'Ministers use private emails for govt business'

GOVERNMENT officials are using their private email accounts for official communication, a situation that puts sensitive documents at risk of falling into wrong hands, Finance and Economic Development ...

By Staff reporter | Published: 27 June 2018

OPINION

Mugabe-organised starvation during Gukurahundi

This paper explores an episode of state-perpetrated extreme mass violence and atrocities in south-west Zimbabwe in the 1980s, with specific focus on Matabeleland South between February and April 1984,...

By Hazel Cameron | Published: 24 June 2018

TRANSPORT & TOURISM

Tourism pushes for VAT review

The tourism sector is optimistic it has the ammunition to force government review the 15% value added tax (VAT) on foreign accommodation which the sector blames for making Zimbabwe uncompetitive as a ...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

MSU eyes innovation hub earnings

MIDLANDS State University (MSU) Acting Vice Chancellor Professor Victor Muzvidziwa says the recently opened innovation hub will give the institution the opportunity to generate more revenue for it ope...

By Staff reporter | Published: 08 June 2018

FINANCIAL SERVICES

Ecobank named Africa's best and most innovative

PAN-African banking group, Ecobank, has won two major awards at the recent African Banker's prestigious ceremony held in Busan, South Korea.The bank has been named 'best retail bank in Africa' after ...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Zimbabwean innovator in Africa Prize finals

An innovation which uses a cheap and sustainable recycling method to recover precious metals has made it into the finals of the prestigious 2018 Africa Prize for Engineering Innovation.Zimbabwean che...

By Staff reporter | Published: 29 May 2018

FINANCIAL SERVICES

Old Mutual Private Equity buys 50% of Medhold

OLD Mutual Private Equity (OMPE) has announced it acquired a 50% interest in South African healthcare firm Medhold Group Proprietary Limited (Medhold) for a yet undisclosed amount, pending approval by...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

Zim man in African innovators top 50

ZIMBABWEAN entrepreneur, Simbarashe Mhuriro, has been selected to exhibit his game changing solar innovations at the Africa Innovation Summit (AIS) set for next month in Rwanda.The 32-year-old, is the...

By Staff reporter | Published: 28 May 2018

TELECOMS & TECHNOLOGY

Zimbabwe lags in innovation, technology

Zimbabwe is lagging in terms of technology after the country only made a paltry 28 patent applications, latest data from the United Nations has shown.The patent applications made by people living in ...

By Staff reporter | Published: 26 May 2018

TELECOMS & TECHNOLOGY

Telcos urged to be innovative

TELECOMMUNICATION companies have been urged to come up with ways to mitigate declining revenue caused by increased use of over-the-top (OTT) voice applications, which have resulted in voice and data t...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Private sector reforms stepped up

GOVERNMENT is implementing private sector reforms to improve ease of doing business to boost local and foreign investment, Energy Minister Simon Khaya Moyo has said.Speaking at the launch of the Zuva ...

By Staff reporter | Published: 24 May 2018

MINING & RETAIL

Govt moves to privatise ZMDC

GOVERNMENT has expressed concern over dysfunctional mining assets under the Zimbabwe Mining Development Corporation (ZMDC) and has opened a public tender inviting investors to take over the mines.Mine...

By Staff reporter | Published: 23 May 2018
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