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BUSINESS NEWS

Parly calls for Obert Mpofu, Supa probe

The National Assembly has ratcheted up pressure on President Emmerson Mnangagwa, calling on him to take action against Cabinet ministers accused of improper conduct. Led by Mabvuku Tafara Member of Pa...

By Staff reporter | Published: 19 January 2018

BUSINESS NEWS

Zimra appoints new boss

The Zimbabwe Revenue Authority (Zimra) has appointed Ms Faith Mazani as its new Commissioner-General with effect from February 1. She takes over from Mr Gershem Pasi, who resigned in May last year cit...

By Staff reporter | Published: 19 January 2018

ZIMBABWE

Chengetedzai handles $2bn on ZSE

Chengetedzai Securities Depository has processed in excess 35 000 ZSE trades valued at US$2.1 billion since going live with 22 000 accounts having been opened as at December 31 2017. Chengetedzai faci...

By Staff reporter | Published: 19 January 2018

FINANCIAL SERVICES

Zimbabwe 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: 19 January 2018

FINANCIAL SERVICES

ZB to float $50m bond for urban tollgates

ZB Financial Holdings is in discussion with Harare City Council (HCC) to fund urban tollgates in the next few months to raise money for road rehabilitation and maintenance in and around the city. ZB i...

By Staff reporter | Published: 19 January 2018

INDUSTRIALS & ENERGY

Steel gets first SEZ nod

Zimbabwe has approved its first application for a special economic zone (Sez) which will pave the way for the resuscitation of an industry value chain. The Special Economic Zones Authority, which is ...

By Staff reporter | Published: 19 January 2018

BUSINESS NEWS

Govt orders salary freeze in parastatals

Government has imposed a salary and benefits freeze for management at State Enterprises and Parastatals amid plans to have the salaries reflect their performance. There are suggestions that the obtain...

By Staff reporter | Published: 19 January 2018

BUSINESS NEWS

Econet's EcoFarmer partners Mercy Corps, ZFU

Econet Wireless Zimbabwe ( EWZ)'s EcoFarmer has partnered Mercy Corps and the Zimbabwe Farmers Union (ZFU), to help achieve rural food security and boost productivity by raising mobile literacy among ...

By Staff reporter | Published: 19 January 2018

INDUSTRIALS & ENERGY

Natfoods ploughs $36m into capex

Zimbabwe Stock Exchange-listed grain and cereals milling giant, National Foods Limited, says it has invested a cumulative $36 million towards process improvements to enhance operational efficiencies s...

By Staff reporter | Published: 19 January 2018

POLITICS

Zanu-PF Youth League to honour Mugabe

The Zanu-PF Youth League will on February 21 present a cake to former President Robert Mugabe, as part of his birthday commemorations.Mugabe turns 94 this year.His birthday on February 21, is now a pu...

By Staff reporter | Published: 19 January 2018

POLITICS

Mujuru hits hard times

JOICE Mujuru's National People's Party (NPP) has hit financial hard times after failing to attract funders, who are reportedly scared by bad publicity and internal squabbles rocking the opposition out...

By Staff reporter | Published: 18 January 2018

INDUSTRIALS & ENERGY

Ethanol saves Zimbabwe $26,5 million

Ethanol fuel blending saved the country an estimated $26,5 million in 2017, representing 2,65 percent of the import bill, the Zimbabwe Energy Regulatory Authority (ZERA) has revealed.Zimbabwe introduc...

By Staff reporter | Published: 18 January 2018

BUSINESS NEWS

Govt workers demand raise

The continued rise in the cost of living is creating serious challenges for the new government which is now faced with fresh demands from civil servants for massive salary adjustments in line with the...

By Staff reporter | Published: 18 January 2018

POLITICS

Tsvangirai calls vultures to order

MDC leader Morgan Tsvangirai has counselled his impatient lieutenants who are already working beyond him that he is still in charge and that his successor will only come through proper party processes...

By Staff reporter | Published: 18 January 2018

FINANCIAL SERVICES

Women Bank set for opening

WOMEN and Youth Affairs Minister Sithembiso Nyoni says the much-awaited Women's Bank is set to be opened before the end of next month.Mooted some years ago, the bank which is expected to provide finan...

By Staff reporter | Published: 18 January 2018

MINING & RETAIL

Zimbabwe priorities lithium project

President Emmerson Mnangagwa's government is prioritizing the mining of lithium as it moves to revive the country's economy. Australia-based mining firm Prospect Resources said its Arcadia Lithium Dep...

By Staff reporter | Published: 18 January 2018

POLITICS

Jonathan Moyo, Chiwenga square off over 'PhD'

Former Minister of Higher and Tertiary Education, Science and Technology Development Professor Jonathan Moyo looks like he is now backtracking on his defamatory utterances accusing Vice President Gene...

By Staff reporter | Published: 18 January 2018

BUSINESS NEWS

Bond notes to stay

GOVERNMENT has no plans to phase out bond notes until economic fundamentals are appropriate for the transition from the use of multiple currency, Finance and Economic Planning Minister Patrick Chinama...

By Staff reporter | Published: 18 January 2018

TELECOMS & TECHNOLOGY

Kwese TV looking for graduates trainees

Kwesé TV, an African entertainment company which is also a brand of Econet Media Limited (aka the media arm of Econet) is looking for graduates in the entertainment industry for an internship program...

By TechZim | Published: 18 January 2018

ZIMBABWE

ZSE plunge continues

THE Zimbabwe Stock Exchange (ZSE) this week extended a losing streak which began towards the end of last year as the market started to undergo correction following a year-long rally that inflated stoc...

By Staff reporter | Published: 18 January 2018

TRANSPORT & TOURISM

Zimbabwe eases tourist travel

MINISTER of Tourism and Hospitality Industry, Prisca Mupfumira, says her ministry is planning to establish a National Tourism Facilitation Committee to deal with travel impediments such as police road...

By Staff reporter | Published: 18 January 2018

INDUSTRIALS & ENERGY

Fuel price goes up

THE price of petrol and Diesel-50 has gone up by two cents to $1,41 per litre on the back of a rise in "free on board" (FOB) prices, a move that is expected to trigger another round of price increases...

By Staff reporter | Published: 18 January 2018

POLITICS

Zimbabwe prioritises UK engagement

FINANCE minister Patrick Chinamasa says government's top priority is to normalise relations with its erstwhile coloniser, the United Kingdom, as Zimbabwe moves to end its costly two-decade isolation b...

By Staff reporter | Published: 18 January 2018

BUSINESS NEWS

Zimbabwe to amend Companies Act

THE Ministry of Justice, Legal and Parliamentary Affairs has drafted amendments to the Companies Act (Chapter 24:03), which will soon be tabled before Parliament as government seeks to reform laws tha...

By Staff reporter | Published: 18 January 2018

ECONOMC INDICATORS

Zimbabwe inflation hits 5-year high

ZIMBABWE'S national statistics agency this week moved to defend official inflation data following criticism that its figures seemed to understate resurgent price increases largely driven by an acute f...

By Staff reporter | Published: 18 January 2018

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