BUSINESS NEWS

Zinara boss in $3m Infralink scam

Zimbabwe National Roads Administration (Zinara) financial director Simon Taranhike has been suspended over a "currency trading scheme" at Infralink (Private) Limited (Infralink) - a joint venture firm...

By Staff reporter | Published: 04 July 2017

POLITICS

Chinamasa against lifestyle audit

Finance minister Patrick Chinamasa said he is against the current lifestyle audit being carried out by various statutory boards on a number of individuals across the country.Chinamasa said the audits,...

By Staff reporter | Published: 04 July 2017

POLITICS

$1 million donation fulfils Mugabe's 2015 pledge to AU

PRESIDENT Mugabe yesterday presented $1 million - proceeds from his 2015 cattle donation pledge towards the capacitation of the African Union Foundation - during the official opening of the 29th Ordin...

By Staff reporter | Published: 04 July 2017

POLITICS

Mugabe's AU $1 million donation speech

President Mugabe on Monday presented $1 million - proceeds from his 2015 cattle donation pledge towards the capacitation of the African Union Foundation - during the official opening of the 29th Ordin...

By Staff reporter | Published: 04 July 2017

BUSINESS NEWS

Bond notes on Botswana black market

THE Reserve Bank of Zimbabwe (RBZ) claims bond notes are now being sold in Botswana, bringing to four the number of Sadc countries where bond notes are reportedly on sale.Initially, the central bank h...

By Staff reporter | Published: 04 July 2017

BUSINESS NEWS

'Lack of accountability undermines Zim credibility'

INSURANCE and Pensions Commissioner chairperson, Tendai Karonga has challenged compliance professionals to work towards changing the perceived lack of accountability in Zimbabwe, which has undermined ...

By Staff reporter | Published: 04 July 2017

POLITICS

'Mugabe's govt causing cash crisis'

Zimbabwe's government is responsible for the current cash crisis due to its high level expenditure and the widening budget deficit, economist Ashok Chakravarti has said.The veteran economist said gove...

By Staff reporter | Published: 04 July 2017

BUSINESS NEWS

Zimbabwe miss $1.8 billion repayment deadline

President Robert Mugabe's government failed to repay $1.8 billion to the International Monetary Fund, the World Bank and African Development Bank, Bulawayo24.com reported.The country had set its own d...

By Thobekile Zhou | Published: 14 July 2016

BUSINESS NEWS

AMA to float additional $50m bills

The Agricultural Marketing Authority (AMA) has been granted authority to float an additional $50 million bills for maize purchase for the 2016 season.Said Ministry of Agriculture, Mechanisation and Ir...

By Staff reporter | Published: 14 July 2016

BUSINESS NEWS

Zimbabwe FDI drops to $421 million

Finance and Economic Development Minister Patrick Chinamasa has said clearance of the country's debt arrears to its multi-lateral creditors without fresh funding will leave Zimbabwe in a worse off eco...

By Business Reporter | Published: 13 July 2016

BUSINESS NEWS

Zinara to hold maiden AGM

The Zimbabwe National Road Administration (Zinara) will hold its first ever annual general meeting (AGM) in over 10 years since its establishment as it moves in line with Government demands for good c...

By New Ziana | Published: 12 July 2016

BUSINESS NEWS

Exporters put pressure on govt

THE manufacturing sector is pushing for government to address impediments that are stifling exports so that they can generate more revenue for the economy.The move by manufacturers comes at a time Zim...

By Staff reporter | Published: 12 July 2016

POLITICS

Zimbabwe counting the costs

Last week's nationwide stayaway has sent negative messages to foreign investors that are likely to militate against government's efforts to lure foreign direct investment, analysts have said.On Wednes...

By Staff reporter | Published: 12 July 2016

BUSINESS NEWS

Financial meltdown looms

ZIMBABWE'S economy is edging towards the precipice amid growing fears of a looming financial crisis as banks currency holdings continue to dwindle and cash shortages worsens.Financial executives and e...

By Staff reporter | Published: 12 July 2016

BUSINESS NEWS

Australia, Zimbabwe business council launched

THE Australia-Zimbabwe Business Council (AZBC) was launched on February 23 in Wollongong, Sydney, Australia, to strengthen bilateral trade and foster business relations and investment between the two ...

By Staff reporter | Published: 24 June 2015

BUSINESS NEWS

Kadenge is new ICSAZ president

The Institute of Chartered Secretaries and Administrators in Zimbabwe has elected Mr Lovemore Kadenge as its new president, Bulawayo24.com reported.Mr Kadenge, who was vice-president of the institute ...

By Byo24News | Published: 24 June 2015

POLITICS

Zimbabwe owes diplomats about R122m in salary arrears

The cash-strapped Zimbabwe government is battling to pay salaries on time to diplomatic staff deployed to its 43 embassies across the world, a senior official said Tuesday.Willard Manungo, secretary f...

By AFP | Published: 23 June 2015

BUSINESS NEWS

'Cement' batteries, disguised palm oil entering Zim's borders

Automotive batteries filled with cement or broken glass and palm oil disguised as soya-bean oil are some of the shoddy imports making their way through the country's porous borders, in contravention o...

By Tawanda Musarurwa | Published: 23 June 2015

POLITICS

Joseph Chinotimba accused of fraud

ZANU-PF Buhera South National Assembly representative Joseph Chinotimba is up in arms with the Zimbabwe Urban and Rural Council Workers' Union who accuse him of siphoning funds from the labour body wh...

By Abigail Mawonde | Published: 23 June 2015

BUSINESS NEWS

Zimbabwe's private sector debt estimated at $4bn

ZIMBABWE carries an estimated $4 billion private sector debt it needs to validate and service in order to open fresh lines of credit.This indication comes against sentiment that part of the reason Zim...

By Golden Sibanda | Published: 23 June 2015

BUSINESS NEWS

Sanganai/Hlanganani to move to Bulawayo

THE government has directed the Zimbabwe Tourism Authority (ZTA) to move the Sanganai/Hlanganani World Tourism Expo to Bulawayo starting next year amid reports 10 foreign exhibitors were locked out fr...

By Oliver Kazunga | Published: 23 June 2015

BUSINESS NEWS

Zimbabwe records more mergers

Ten mergers have been approved so far by the Competition and Tariff Commission (CTC) amid indications that more local companies would seek foreign partners to strengthen balance sheets.CTC assistant d...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Zimbabwe moves to scrap travellers' rebates

Zimbabwe is considering scrapping travellers' rebates on basic commodities to boost local industry, Finance minister Patrick Chinamasa said on Thursday.Chinamasa told delegates attending the Buy Zimba...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Investors renew Zimbabwe interest

After shunning Zimbabwe during its years of hyper-inflation and political strife, foreign investors are finding the country increasingly attractive following the lifting of  European Union (EU) e...

By Staff reporter | Published: 22 June 2015

POLITICS

Brainworks roasted in Parliament

Brainworks Capital Management Limited (Brainworks), the company at the centre of Zimbabwe's controversial indigenisation deals says government abandoned the implementation of the transactions almost t...

By Staff reporter | Published: 22 June 2015

Latest News

Latest Published Reports

Latest jobs