BUSINESS NEWS

ZimTrade urges value-added trade

ZimTrade, Zimbabwe's export promotion institution, has called for the deepening of valued-added manufacturing on current exports to Germany to diversify the country's export basket and scale up global...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Zimbabwe to tighten import control regulations

GOVERNMENT is working on a number of pieces of legislation meant to monitor imports so as to protect citizens from substandard goods. Director for quality assurance in the Ministry of Industry and Com...

By Staff reporter | Published: 17 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

Sugar firm in $45m tax storm

Zimbabwe Sugar Sales (ZSS) Ltd, a company that sells and distributes sugar on behalf of Hippo Valley Estates and Triangle Limited, has been caught up in a $45 million tax evasion storm. The Zimbabwe R...

By Staff reporter | Published: 17 September 2018

POLITICS

Construction of new Zimbabwe Parly to start soon

Construction of the new Parliament Building in Mt Hampden is expected to commence soon after China identified a contractor, Speaker of the National Assembly Advocate Jacob Mudenda has said. Adv Mudend...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Confusion over $2bn loan from China to Zimbabwe

AFTER its desperate quest for a critical US$2,5 billion bailout package from China hit a snag last week, government has somersaulted and now claims it did not request any such money.Ministry of Financ...

By Staff reporter | Published: 14 September 2018

FINANCIAL SERVICES

Nedbank Zimbabwe boasts high depositor confidence

NEDBANK Zimbabwe is one of the country's top banks with an impressive cost of funds ratio of less than 1%, which reflects a high level of confidence in attracting deposits.The bank rebranded from MBCA...

By Staff reporter | Published: 14 September 2018

POLITICS

Zim to splash over $20m on top-of-the range vehicles for MPS

Treasury is set to splash over $20 million on top-of-the range vehicles for Members of Parliament and Senators in the ninth Parliament.This is at a time when government is struggling to mobilise resou...

By Staff reporter | Published: 14 September 2018

INDUSTRIALS & ENERGY

Zimbabwean power imports down 50%

Zimbabwe's power imports declined by almost 50 percent during the second quarter of the year after the country's power utility increased generation at Kariba plant. Zesa Holdings increased output at K...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Zimbabwe govt pledges support for largest gold miner

GOVERNMENT has made a commitment to provide the necessary facilitation to Zimbabwe's largest gold producer, Metallon Corporation, whose operations are being hampered by foreign currency shortages. The...

By Staff reporter | Published: 13 September 2018

BUSINESS NEWS

Bid to spite whistle-blower backfires on Zimra official

The Zimbabwe Revenue Authority (Zimra) has suspended its commissioner responsible for investigations Charles Jaure with immediate effect after he was implicated in a bribery case in which he allegedly...

By Staff reporter | Published: 13 September 2018

BUSINESS NEWS

Bread shortages hit Zimbabwe

Bread supplies have declined drastically giving rise to shortages as bakers grapple with bottlenecks in the availability of flour. A survey showed that some retail outlets were running out of bread, a...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Tharisa plan next move as Zimbabwe opens doors again

PLATINUM group metal (PGM) and chrome miner, Tharisa, is taking a low-risk approach to a high-risk country with the investments into Zimbabwe, it has announced this year.For almost 30 years, Zimbabwe ...

By miningmx.com | Published: 13 September 2018

BUSINESS NEWS

Buy products and pay your Zimbabwe bills from SA with new app

Zimbabweans living and working in South Africa have received a shot in the arm with the launch of free mobile transacting and basic insurance services, AMA.ZING Diaspora. The mobile solution developed...

By Staff reporter | Published: 12 September 2018

POLITICS

Mnangagwa expects better US-Zim relations despite Zidera

FOREIGN Affairs minister Sibusiso Moyo says he expects Zimbabwe's relations with the United States to improve under President Emmerson Mnangagwa's administration, despite the latter extending sanction...

By Staff reporter | Published: 12 September 2018

CONSTRUCTION & PROPERTY

Rising cement demand positive for Zimbabwe's economy, says Lafarge

LAFARGE Cement Zimbabwe says the recent spike in demand for cement, which resulted in a supply backlog on the market, is a positive signal of economic growth. In a statement, the firm allayed public f...

By Staff reporter | Published: 12 September 2018

BUSINESS NEWS

Zimra suspends senior official

The Zimbabwe Revenue Authority has suspended its commissioner responsible for investigations, Charles Jaure, with immediate effect after he was implicated in a bribery case in which he allegedly deman...

By Staff reporter | Published: 12 September 2018

OPINION

Financial illiteracy is our biggest enemy in Zimbabwe

I found a very interesting letter in one of my old books that I last read in 2004. It is a letter that I received from Barclays Bank (Zimbabwe), offering me a Z$1 million overdraft facility. Three yea...

By Hopewell Chin'ono | Published: 12 September 2018

BUSINESS NEWS

Zimbabwe gets new IMF representative

THE International Monetary Fund has a new resident representative in Zimbabwe, Patrick Amir Imam. Mr Imam, who prior to his posting to Zimbabwe was IMF representative for Madagascar, takes over from M...

By Staff reporter | Published: 12 September 2018

OPINION

Zimbabwe's new Cabinet: A patronage, merit alchemy?

ZIMBABWEAN President Emmerson Mnangagwa, following a disputed narrow victory in July which had to be validated by the Constitutional Court in August, appointed a new Cabinet on Friday, September 7.Thi...

By Washington Katema | Published: 11 September 2018

POLITICS

Mnangagwa working to end Zimbabwe's isolation

FOREIGN Affairs minister Sibusiso Moyo yesterday said the country was working hard to end its international isolation and foster economic development.In an interview yesterday at the State House on th...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

ZimTrade board appoints new substantive CEO

THE ZimTrade board has announced the appointment of Mr Allan Tawanda Majuru as the new substantive chief executive officer for the country's trade promotion agency with effect from 1 September 2018. T...

By Staff reporter | Published: 11 September 2018

MINING & RETAIL

Zimbabwe govt engages Metallon

GOVERNMENT is engaging the country's largest gold producer Metallon Corporation with a view to finding a lasting solution to the miner's problems which has seen it placing hundreds of workers on retre...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

Buyanga to bring wealth to Zimbabwe

South Africa-based Zimbabwean businessman Frank Buyanga, yesterday said his main focus was to bring wealth into the country as it was possible to make Zimbabwe the wealthiest per capita state in the w...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

Air Zimbabwe in trouble over internet services debt

NATIONAL airline, Air Zimbabwe (Pvt) Ltd has been taken to court by local internet service provider, Powertel Communications (Pvt) Ltd, over a $18 441 debt for services rendered.On August 17 this year...

By Staff reporter | Published: 10 September 2018
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