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POLITICS

Minister demands Mugabe portrait removal

THE new political dispensation seems to have bypassed Bulawayo City Council, with a Government minister yesterday ordering the removal of a portrait of former President Robert Mugabe that was hanging ...

By Staff reporter | Published: 24 January 2018

POLITICS

Mnangagwa order ministers to declare assets

PRESIDENT Emmerson Mnangagwa has directed public office holders including ministers, top civil servants and parastatal bosses to declare their assets before the end of next month.In a statement yester...

By Staff reporter | Published: 24 January 2018

BUSINESS NEWS

Airport for Beitbridge

GOVERNMENT is planning to build a state-of-the-art airport in Beitbridge as part of an initiative to transform the town, a Cabinet Minister has said.Transport and Infrastructural Development Minister,...

By Staff reporter | Published: 24 January 2018

BUSINESS NEWS

Minister orders fuel price cuts

GOVERNMENT yesterday ordered fuel price cuts with immediate effect a day after the Ministry of Finance and Economic Planning reduced excise duty on diesel, petrol and paraffin, as Government kickstart...

By Staff reporter | Published: 24 January 2018

MINING & RETAIL

SA firm to construct Unki smelter

A SOUTH Africa-based foundry and engineering company, Thos Begbie has won a tender to construct a smelter for Unki, one of the platinum mines in Zimbabwe.Following the awarding of the tender last year...

By Staff reporter | Published: 24 January 2018

INDUSTRIALS & ENERGY

Industry welcomes fuel duty reduction

CAPTAINS of industry have welcomed the reduction of excise duty on fuel saying this will see the pump price going down as well as reducing the cost of production in the manufacuring sector.In the pas...

By Staff reporter | Published: 24 January 2018

POLITICS

Europe warms up to Zimbabwe

THE European Union (EU) has indicated that it is ready to engage Zimbabwe following the transition that saw a new administration led by President Emmerson Mnangagwa taking over in November last year.T...

By Staff reporter | Published: 24 January 2018

POLITICS

Mnangagwa lines up meetings at WEF

GLOBAL business giants and political leaders were lining up to secure appointments with President Emmerson Mnangagwa who is here attending the 48th World Economic Forum annual meetings.President Mnang...

By Staff reporter | Published: 24 January 2018

POLITICS

Mudenda calls for openness in mining

SPEAKER of the National Assembly Advocate Jacob Mudenda has demanded transparency in the mining sector to enable economic turnaround. He said lack of sound administration in the mining sector was hamp...

By Staff reporter | Published: 24 January 2018

MINING & RETAIL

Firm seeks $700m for coal-bed methane production

One of the three firms granted a coal-bed methane concession by Government in Lupane, Matabeleland North Province, Discovery Investments, has said it required about $700 million to start commercial ga...

By Staff reporter | Published: 24 January 2018

BUSINESS NEWS

Vendors defy Govt

Illegal vendors who had heeded the call by Government to stay away from the streets on Monday, began trooping back into the Harare central business district (CBD) yesterday.The vendors could be seen i...

By Staff reporter | Published: 24 January 2018

LANDS & AGRICULTURE

Zimbabwe tobacco under threat

TOBACCO, Zimbabwe's largest foreign currency earner is under threat after main international buyers resolved not to accept tobacco cured using coal citing environmental concerns.Recently, the Global T...

By Staff reporter | Published: 24 January 2018

MINING & RETAIL

EMA reviews rules for miners

The Environmental Management Authority has started reviewing its licensing regulations for the extractive industry as part of efforts to encourage formalisation of small-scale mining under Government'...

By Staff reporter | Published: 24 January 2018

INDUSTRIALS & ENERGY

Govt announces new fuel prices

Government has ordered players in the petroleum industry to reduce fuel prices with immediate effect to $1,35 per litre for petrol, $1,23 per litre for diesel and $1,17 for paraffin following the redu...

By Staff reporter | Published: 24 January 2018

LANDS & AGRICULTURE

Crop situation gets dire

Erratic rains and high temperatures being experienced countrywide have resulted in crops wilting, with farmers in some areas already counting losses as their maize is now a write off.The worst affecte...

By Staff reporter | Published: 24 January 2018

TRANSPORT & TOURISM

AUC to launch single air transport network

The African Union Commission is set to launch the Single African Air Transport Market (SAATM) in Ethiopia next week, the first AU Agenda 2063 flagship project.The launch of SAATM comes nearly two deca...

By Staff reporter | Published: 24 January 2018

TRANSPORT & TOURISM

'Tourist arrivals to surpass 2,5m in 2018'

THE tourism sector in Zimbabwe is expected to grow by more than 20% in 2018, with tourist arrivals surpassing 2,5 million due to renewed confidence in the destination triggered by the recent change of...

By Staff reporter | Published: 24 January 2018

ZIMBABWE

Industry calls for commodity exchange

Zimbabwe's business community has advised the government to resuscitate the country's commodity exchange in a bid to boost agricultural production.The country previously had a thriving commodity excha...

By Staff reporter | Published: 24 January 2018

INDUSTRIALS & ENERGY

Hwange Power Station output increases to 661MW

POWER generation at Hwange Thermal Power Station has increased to 661 megawatts (MW) following the completion of refurbishment works at one of its units which had been inactive for years, Energy minis...

By Staff reporter | Published: 24 January 2018

ZSE TODAY

Market Commentary 23 January 2017

Turnover closed at $2.96 million on the local bourse on Tuesday buoyed by Delta's 850,000 shares which changed hands at a value of $1.36 million. Market capitalisation closed the trading session at $8...

By zse | Published: 23 January 2018

POLITICS

Financial scandal rocks Zimbabwe police

A financial scandal running into millions of dollars has erupted within the Zimbabwe Republic Police (ZRP), prompting government to carry out nationwide audits into police affairs, after it emerged th...

By Staff reporter | Published: 23 January 2018

OPINION

Monetary policy to set more radical reforms

For those seeking evidence that President Emerson Mnangagwa is set on a radical overhaul of the economy, Zimbabwe's monetary policy, expected soon, will definitely set the tone. For all his bold talk ...

By Christopher Mugaga, Business Executive | Published: 23 January 2018

FINANCIAL SERVICES

RBZ pays Time Bank US$10m

THE Reserve Bank of Zimbabwe (RBZ) has paid US$10 million in Treasury Bills (TBs) to the soon-to-reopen Time Bank in a bid to end a nearly two-decade-long dispute with the commercial bank which is eye...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Zim banks reject EU financial bailout

ZIMBABWEAN banks have since last year been rejecting access to credit facilities from European banks for on-lending to productive sectors, citing the possibility of failure to repay the loans because ...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Zimra concerned over rising inflation

The Zimbabwe Revenue Authority (Zimra) said it is concerned over the country's rising inflation which reached 3,46 percent in December last year from -0,65 percent in January 2017."This is very worryi...

By Staff reporter | Published: 23 January 2018

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