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Mnangagwa scores big in Beijing

President Emmerson Mnangagwa poses for a photo with Chinese President Xi Jinping and First Ladies Auxillia Mnangagwa (left) and Peng Liyuan in Beijing yesterday.Zimbabwe and China yesterday signed Mem...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Gloves off in NSSA crisis

THE gloves are off in the crisis engulfing the National Social Security Authority (NSSA), which culminated in the sacking of board chairman Robin Vela last week. Mr Vela was dismissed by Labour and So...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

National Payment System transactions decline

The value of transactions processed through the National Payment System (NPS) for the week ending March 9 declined to $1,83 billion from $1,93 billion the previous week due to a decline in electronic ...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Arda to launch pecan nut project near Bulawayo

The Agriculture and Rural Development Authority (Arda) will soon launch a pecan nut project near Bulawayo, as it embarks on production of the high value commodity. ARDA chairman Basil Nyabadza, this w...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Victoria Falls SEZ plan nears finality

A plan to develop Victoria Falls as a special economic zone which will encourage the growth of tourism in the country is to be finalised soon, a Government official has said. Speaking to stakeholders ...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Artisanal miners hit back at Grace Mugabe

Former  first lady Grace Mugabe may have made millions of dollars through gold mining at 16 gold claims she seized at Smithfield Farm in Mazowe, it has been alleged.The claim was made at a news c...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Government meets divided civil servants

Government will meet leaders of the Apex Council this week to consider civil servants' demands for improved working conditions in a bid to avert a looming industrial action.Teachers have threatened to...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Panic as net closes in on forex abusers

Despite feigning bravado in public, companies fingered in the externalisation of foreign currency and other assets are making a beeline for the Reserve Bank of Zimbabwe (RBZ) to negotiate relaxed dead...

By Staff reporter | Published: 04 April 2018

POLITICS

Mnangagwa hires luxury Swiss plane to China

President Emmerson Mnangagwa opted to hire a luxurious private plane to travel to China, abandoning the struggling national airliner Air Zimbabwe (AirZim), which has a plane of the same size albeit wi...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Ex-Zimra boss Pasi walked away with nothing

Former Zimbabwe Revenue Authority (Zimra) commissioner-general Gershem Pasi was sent on forced leave in May 2016 to pave way for investigations into allegations of corruption and poor corporate govern...

By Staff reporter | Published: 04 April 2018

POLITICS

'Nothing new in Mugabe ouster'

The replacement of errant leaders who violate the founding principles and constitution of the ruling party is not something new in Zanu-PF as former president Robert Mugabe would want the world to bel...

By Staff reporter | Published: 03 April 2018

BUSINESS NEWS

World's largest construction firm to set up shop in Zim

The world's largest infrastructure development company, China Communications Construction Company (CCCC), will soon set up a regional office in Zimbabwe at the invitation of President Emmerson Mnangag...

By Staff reporter | Published: 03 April 2018

Mnangagwa highlights Zim's priority projects

President Emmerson Mnangagwa has implored Chinese businesses to come and invest in Zimbabwe saying opportunities abound in most sectors of the economy.Addressing the Zimbabwe-China business forum in B...

By Staff reporter | Published: 03 April 2018

BUSINESS NEWS

Zim to 'leapfrogging 18 years of isolation' with China's help

Zimbabwean President Emmerson Mnangagwa touched down in China this week for a five-day state visit which could bear fruits for his country's troubled economy.Prior to the trip, Mnangagwa outlined his ...

By cnbc | Published: 03 April 2018

ZSE TODAY

Market Commentary 3 April 2018

April trades on the Zimbabwe Stock Exchange opened with unimpressive turnover but the market closed with a small gain after positive trades in just three counters. At close, turnover was just $209 000...

By zse | Published: 03 April 2018

BUSINESS NEWS

Mnangagwa invites Chinese companies to invest in Zim

President Emmerson Mnangagwa says there are vast investment opportunities in the infrastructure development sector in Zimbabwe for Chinese companies.Addressing senior company management of a Chinese c...

By Staff reporter | Published: 03 April 2018

BUSINESS NEWS

Chinese development template inspires Mnangagwa

President Emmerson Mnangagwa has implored the Chinese business people to partner Zimbabwe in the new era with renewed hope of a prosperous future for all.President Mnangagwa was addressing the Sino Zi...

By Staff reporter | Published: 03 April 2018

POLITICS

Chamisa wants a face-to-face meeting with Mnangagwa

OPPOSITION leader Nelson Chamisa is pushing for a face-to-face meeting with President Emmerson Mnangagwa to demand that the army publicly renounces its previous declaration that it will not salute a l...

By Staff reporter | Published: 03 April 2018

MINING & RETAIL

Post-Mugabe Zim mining rush leaves big producers behind

While Zimbabwe's leadership change has sparked a race for the nation's mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach.New President...

By Bloomberg | Published: 03 April 2018

BUSINESS NEWS

Mnangagwa blows $2,3m on China jaunt

PRESIDENT Emmerson Mnangagwa has reportedly gobbled over $2,3 million to charter a private Swiss luxury jet to the Chinese capital, Beijing, sources in the aviation industry claimed yesterday.Mnangagw...

By Staff reporter | Published: 03 April 2018

BUSINESS NEWS

Chinese looters off the hook

Government has said taking action against Chinese looters will be tantamount to being xenophobic, as other foreign nationals and locals had also spirited cash out of the country.Chinese individuals an...

By Staff reporter | Published: 03 April 2018

POLITICS

Zec turns down demand for external auditors

THE Zimbabwe Electoral Commission (Zec) has turned down demands by opposition political parties and civil society groups to hire external chartered accountants to audit the voters' roll ahead of this ...

By Staff reporter | Published: 03 April 2018

POLITICS

Chamisa savages Mnangagwa

MDC Alliance presidential candidate, Nelson Chamisa has savaged politicians who use church gatherings as campaigning platforms to lure votes from congregants, reminding them that such platforms were a...

By Staff reporter | Published: 03 April 2018

MINING & RETAIL

'Winnerless' trade war, Gold heading to $1,400

Singapore - Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott US Holdings, who’s been involved in the mar...

By Bloomberg | Published: 03 April 2018

TRANSPORT & TOURISM

British Airways rejects London-Harare route plea

TOURISM minister Prisca Mupfumira recently approached British Airways (BA) regarding the possibility of direct flights between London and Harare but was turned down by the UK flag carrier, it has emer...

By Staff reporter | Published: 03 April 2018

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