Latest News

Steelmakers in trouble over debt

Steelmakers Zimbabwe (Private) Limited in Redcliff, Kwekwe is being sued over a debt owed to an oxygen cylinder supplier.This comes after the two parties signed a deal in early 2016 which later collap...

By Staff reporter | Published: 30 September 2018

INDUSTRIALS & ENERGY

Simbisa postpones LSE listing

SIMBISA Brands has postponed its planned secondary listing on the London Stock Exchange (LSE)'s Alternative Investment Market (AIM) to a later date.The country's largest fast-food restaurant operator ...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Illicit trading exaggerates trade deficit

ZIMBABWE's persistent trade deficit has been magnified by unstated foreign trade activity, the country's national statistical agency has said.In recent years, the southern African country has run syst...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimbabwe still awaits mega deals

LOCALLY, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades.Abroad, investors are, for the first time in decades, considering Zimbabwe as an inves...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimra mulls debt write-offs

THE Zimbabwe Revenue Authority (Zimra) says it is mulling several debt management strategies including write-offs following recent lapse of a tax moratorium.Highlighting tax defaults had continued ris...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Aiden Mhere declared Chartered Secretary of the Year

Hippo Valley Estates acting chief executive officer, Aiden Mhere, has been declared the 2017 Chartered Secretary of the Year. The runner-up is Posts and Telecommunications Regulatory Authority of Zimb...

By Agencies | Published: 30 September 2018

POLITICS

Chamisa hit with Zanu-PF's $3,2m court bill

MDC-Alliance president Mr Nelson Chamisa's stunt to challenge President Emmerson Mnangagwa's victory in the July 30 polls, even against the advise from some sections in the opposition party's grouping...

By Staff reporter | Published: 30 September 2018

POLITICS

Tsvangirai's 'widow' loses cars, faces arrest

AQCUILINIA Kayidza Pamberi, the woman who in 2011 was among a host of women suspected to be in an affair with the late  MDC leader Morgan Tsvangirai, has fallen on hard times.Pamberi, who is base...

By Staff reporter | Published: 30 September 2018

POLITICS

Mnangagwa is a vendor in China, says Chamisa

MDC leader Nelson Chamisa has condemned the current police operation to remove illegal vendors from the Harare CBD as he also dismissed claims the blitz was triggered by the need to get rid of anythin...

By Staff reporter | Published: 30 September 2018

OPINION

How Mugabe pillaged the DRC and destroyed Zimbabwe

ZIMBABWE'S former President, Robert Mugabe, in the August of 1998 sent about 11,000 troops, armoured vehicles and combat aircraft to the Democratic Republic of Congo.There was much discontent back hom...

By africanexponent.com | Published: 30 September 2018

POLITICS

MDC in poll boycott u-turn

THE MDC has finally abandoned its poll boycott stance and will contest the Mutoko North by-election in November after sitting legislator Mabel Chinomona of Zanu-PF was recently elevated to becoming Se...

By Staff reporter | Published: 30 September 2018

POLITICS

Mnangagwa banks on Chinese bailout

Harare City Council says it is yet to receive the remainder of a loan to upgrade its water infrastructure from a Chinese bank, seven years after the deal was struck.Mayor Herbert Gomba said contrary t...

By Staff reporter | Published: 30 September 2018

POLITICS

Chiwenga urges self sufficiency

VICE-president Constantino Chiwenga yesterday urged Zimbabweans to be their own economic liberators in order for the country to achieve industrialisation.Chiwenga said the government attached great im...

By Staff reporter | Published: 30 September 2018

ECONOMC INDICATORS

Zimbabwe inflation rate is currently 69,9%, says US economist

RENOWNED United States economist Steve Hanke says Zimbabwe's annual inflation rate is 69,9%, much higher than the official figure of 4,83%."At present, Zimbabwe's annual inflation rate, by my measure,...

By staff reporter | Published: 30 September 2018

BUSINESS NEWS

Mnangagwa's economic boom claims queried

Economists and opposition figures have cast doubt on government claims that Zimbabwe's per capita income has risen by 60% to $1 500 over the last eight months at a time the economic outlook continues ...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

Tharisa sets aside $3,2m for Great Dyke exploration

EUROPEAN headquartered integrated resource group, Tharisa says it will spend $3,2 million on the special grant areas along the Great Dyke for the initial exploration programme.The exploration will be ...

By Staff reporter | Published: 30 September 2018

OPINION

Time to give technocratic management of economy a chance

THE experiences of the hyperinflation still linger in the minds of many citizens. Since the end of the GNU tenure, the management of the economy of the country has been struggling to regain full confi...

By Dr Bongani Ngwenya | Published: 30 September 2018

BUSINESS NEWS

Plans to turn Esigodini college into ICT centre

UMZINGWANE Member of Parliament Retired Brigadier-General Levi Mayihlome has announced plans to resuscitate the only agricultural college in Matabeleland South Province, Esigodini Agricultural College...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

Mine Entra attracts more exhibitors

THIS year's 23rd edition of the Zimbabwe premier mining, engineering and transport, Mine Entra exhibition has attracted more exhibitors compared to the previous showcase, an indication of renewed conf...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

CZI in rallying call for investment

THE Confederation of Zimbabwe Industries (CZI) has rallied potential investors to grab available economic opportunities across sectors by taking advantage of on-going reforms being implemented by the ...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

RioZim H1 gold output rises

Resources group, RioZim Limited's half year gold production rose 20 percent to 1 050 kilograms from 873 kilograms in the same period last year as production at its three mines was ahead of comparable ...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

NatPharm in golden handshake scam

FORMER managing director of the National Pharmaceutical Company (NatPharm), Mrs Flora Sifeku, is set to walk away from the national drug procurer $200 000 richer after the board resolved to give her a...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

IMFpraises Zimra systems

A six-member International Monetary Fund (IMF) delegation says the Zimbabwe Revenue Authority (Zimra)'s systems and human capital are up to standard, although there is scope for further improvement.Th...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimbabwe's $800m forex reserve gap

Zimbabwe requires a foreign currency cover of US$1 billion, against current reserves of US$200 million and needs to further increase production to narrow the gap, an official has said.Ms Jesimen Chipi...

By Staff reporter | Published: 30 September 2018

POLITICS

Govt talks tough on Air Zimbabwe

GOVERNMENT says the time for parastatals such as Air Zimbabwe to be perennially carrying begging bowls seeking funds from Treasury when they have idle assets, is over.Deputy Minister of Transport and ...

By Staff reporter | Published: 30 September 2018
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