POLITICS

'We are confident about the future of Zimbabwe' says China

CHINESE Commerce Minister Chen Deming has pledged his country's commitment to invest in capital projects in Zimbabwe and help the country address its infrastructural problems relating to roads, wate...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

'Come to build your own industries and revive the economy' of the city, BYO youth urged

YOUTH Development, Indiginisation and Empowerment Minister Saviour Kasukuwere has implored Bulawayo youths to take the city's economy back to its feet.Addressing youths during the handover of the c...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Goche appoints new board for Air Zimbabwe

Transport, Communication and Infrastructural Development Minister Nicholas Goche has appointed a new board for Air Zimbabwe.The new board has been tasked with coming up with innovative ways to reviv...

By Staff Reporter | Published: 10 June 2013

POLITICS

'We have done it because we have been looking East' says Mugabe

President Robert Mugabe has urged broadcasting authorities to put to good use the new US$6,5 outside broadcasting equipment and a satellite up-link for the good of the nation.Mugabe was speaking so...

By Staff Reporter | Published: 10 June 2013

POLITICS

Tsvangirai wants probe on indigenisation

Prime Minister Morgan Tsvangirai has called for a parliamentary probe on indigenisation after disturbing reports of alleged misdemeanours and corruption in handling empowerment transactions.In a st...

By Sapa | Published: 10 June 2013

BUSINESS NEWS

Fuel prices will continue rising over the next two months

Energy experts forecast that local fuel prices will continue rising over the next two months in tandem with trends on the international market, raising fears that this might have a knock-on effect o...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Ministry of Industry and Commerce in the dark about the Dimaf beneficiaries

THE Ministry of Industry and Commerce is still waiting for CABS and Treasury to disburse $5 million to the 30 companies that the ministerial taskforce identified and is in the dark about the latest ...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Manicaland expresses mixed feelings over scrapping of bank charges

THE Manicaland Business Community has expressed mixed feelings over the recently announced Reserve Bank of Zimbabwe policy of a substantial reduction and scrapping of bank charges on short-term depo...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Biti threatens Zimbabwe banks over interest rates

Government will codify into law the Memorandum of Understanding between the Reserve Bank of Zimbabwe and banks if the agreement is not fully implemented, Finance Minister Tendai Biti has said.The f...

By Business reporter | Published: 10 June 2013

TECHNOLOGY

Emirates introduces online payment solutions to its Zim clients

In an effort to offer more advanced online services to its customers in Zimbabwe, Emirates has introduced a new payment solution that will enable travellers to pay for their flights on www.emirate...

By Moyo Roy | Published: 10 June 2013

POLITICS

Zim 'Mines and Minerals Act is criminal' says Mutambara

Deputy Prime Minister, Professor  Arthur Mutambara on Wednesday said there was a need to amend the mining laws, among other things, if Zimbabweans were to benefit from its numerous resources.DPM...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

RBZ blames foreign cash hoarding for currency woes

The central bank says it is enforcing tougher rules to rein in "the delinquent behaviour" of businesses holding cash abroad.The Reserve Bank said Monday that $360 million in export proceeds were bei...

By AP | Published: 10 June 2013

BUSINESS NEWS

Deposit Protection Corporation runs out of cash

Zimbabwe's state-run Deposit Protection Corporation needed $135 million (R1.2 billion) to meet its capitalisation requirements and pay depositors who lost money during the nation's decade-long reces...

By Bloomberg | Published: 10 June 2013

BUSINESS NEWS

BCC closes down building, small scale businesspeople left stranded

AT least 10 small scale businesspeople have been left stranded after the Bulawayo City Council declared a building they were operating from, a health hazard and closed it.Betsi Gordon Building at th...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

Gono now backs indigenisation laws

Zimbabwe's central bank chief who has previously warned government against the seizure of foreign banks on Thursday appeared to make an about-turn, but cautioned the process must be orderly."All ba...

By Sapa-AFP | Published: 10 June 2013

TECHNOLOGY

Econet develops Stock Exchange payment solution

Econet Wireless is setting up a payment system for shares on the Zimbabwe Stock Exchange using its EcoCash service.The system is designed to make it possible for small investors to buy and sell shar...

By Business reporter | Published: 10 June 2013

POLITICS

Kasukuwere says foreign banks free to leave

Indigenisation and Empowerment minister Saviour Kasukuwere yesterday said foreign-owned banks were free to leave if they are not prepared to support the agricultural sector and emerging businesses i...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Zesa sues NRZ over $384 144 electricity bill

ZIMBABWE Electricity Transmission and Distribution Company is suing the National Railways of Zimbabwe over an electricity bill to the tune of $384 144.NRZ in Kwekwe consumed power between January 20...

By Staff Reporter | Published: 10 June 2013

POLITICS

Zanu-PF MP 'grabs' Renco Mine

Zanu-PF Chivi South legislator Irvine Dzingirai has declared himself the new owner of troubled Renco Mine. Dzingirai confirmed his take-over of the mine last Friday, claiming he was doing so as part...

By Staff reporter | Published: 10 June 2013

ENTREPRENEURS

Africa is Cool launches an investment solutions mobile app

African Is Cool, an investment solutions company, has developed a smartphone investor-relations mobile application that lets investors access information about listed companies in Zimbabwe and Zamb...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Zesa massive load-shedding not well-defined

Industry and domestic electricity consumers have attacked Zesa Holdings for failing to properly manage power distribution following the introduction of a massive load-shedding programme earlier this...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

KFC eyes Zimbabwe market again

YUM! Restaurants International continues to expand the footprint of its KFC brand on the African continent, with plans to add stores in Tanzania, Uganda and Zimbabwe this year, the company said on ...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

KFC eager to expand into Zimbabwe

AN international fast foods giant, Yum Brands, plans to reopen its branches in Zimbabwe as part of a programme to roll out KFC restaurants in Zimbabwe, Tanzania and Uganda this year, the company sa...

By Business reporter | Published: 10 June 2013

POLITICS

Fawcett Security gets ultimatum to comply with indigenisation

One of the country's leading security firms, Fawcett Security (Pvt) Limited, risks having its operations suspended over the company's failure to submit an acceptable indigenisation compliance plan, ...

By Business reporter | Published: 10 June 2013

OPINION

ZSE Market Report: A good start for Zimbabwe markets as well

The ZSE Industrials gained 3.3% to close the week at 156.4 on the back of gains in Barclays (+19.2%), OK Zimbabwe (+9.9%), and Innscor Africa (+6.3%).  The top traders by value were Delta ($2.7...

By Business reporter | Published: 10 June 2013
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