BUSINESS NEWS

Mthuli Ncube tells banks to relax lending policies

FINANCE Minister Mthuli Ncube has urged banks to relax their stringent lending requirements in order to improve access to financial services.Ncube was speaking at the Zimbabwe Independent's Banks and ...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Forex woes hit Innscor

INNSCOR Africa Ltd says it is now leveraging on its domesticated fast-moving consumer goods lines to cushion itself from high foreign currency requirements.The diversified group, which requires betwee...

By Staff reporter | Published: 07 December 2018

POLITICS

Mliswa, Wadyajena in fierce war of words

A BLAZING war of words has erupted between outspoken legislators Justice Mayor Wadyajena and Temba Mliswa over control of the influential Parliamentary Portfolio Committee on Lands and Agriculture.Mli...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

$130m CSC deal backfires

THE decision by government to go it alone in negotiating a US$130 million Cold Storage Company (CSC) deal with a foreign firm without involving the meat processor's board in scrutinising the package h...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

'Zimbabwe lagging behind on cybercrime security'

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) management met over the weekend with the parliamentary committee on information communication technology in Kadoma to highli...

By Staff reporter | Published: 07 December 2018

POLITICS

'Mnangagwa must release August 1 killings inquiry report'

RECENT disclosures by presidential spokesperson George Charamba that the report by the commission of inquiry into the August 1 shootings by the millitary is for President Emmerson Mnangagwa's eyes "on...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

China leads Zimbabwe cities revamp

THE future has arrived, and it looks nothing like what anyone expected. In the midst of a debilitating economic crisis, Zimbabwean urban centres are plagued by pollution, poverty and crumbling infrast...

By Staff reporter | Published: 07 December 2018

POLITICS

Germany keen on re-engaging Zimbabwe

GERMANY has taken the initiative to renew bilateral ties with Zimbabwe after it dispatched a high-powered delegation to Harare in the past week to open discussions aimed at opening a new chapter on tr...

By Staff reporter | Published: 07 December 2018

OPINION

What are the realistic chances for political dialogue in Zimbabwe?

All political transitions (without exception) whether occasioned by revolution, externally driven or resulting from an election, are perfected through dialogue between the contending forces in society...

By Brian T Kagoro | Published: 07 December 2018

BUSINESS NEWS

$100m Zesa tender scam raises stink

IRREGULAR tender procedures coupled with a lax accounting system, among other factors, have delayed the completion of the US$100,4 million prepayment and smart metering project the power utility, Zesa...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

SA police intercept 44 undocumented Zimbabweans

THE South African Police Service (Saps) yesterday intercepted 44 undocumented foreign nationals, all suspected to be Zimbabweans, during an operation, marking the beginning of their festive season bli...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

MDC sued over $14 000 telecoms equipment hire debt

THE High Court has ordered opposition MDC party to pay $14 146 to a local telecommunications firm, Ericom Communications, for equipment hired nearly two decades ago.The telecommunication firm filed su...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

starafrica out of the woods

SUGAR manufacturer starafricacorporation reported profit before tax of $0,5 million in the six months to September from a loss position of $1,3 million in the prior year, driven by a reduction in cost...

By Staff reporter | Published: 07 December 2018

POLITICS

Maziwisa, Pambuka jailed for fraud

FORMER Zanu PF Highfield West legislator, Psychology Maziwisa and television personality Oscar Pambuka were yesterday sentenced to a total of 78 months in jail each for fraud.Maziwisa (34) and Pambuka...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Govt averts National Foods closure

INDUSTRY minister Mangaliso Ndhlovu says the flour milling arm of National Foods will not close shop after government addressed the concerns brought by the company, which had warned of imminent closur...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Civil servants storm out of talks with Mnangagwa's govt

NEGOTIATIONS between civil servants and government ended prematurely yesterday with representatives of the workers storming out of talks in protest after being told that there would be no new offer on...

By Staff reporter | Published: 07 December 2018

POLITICS

Khumalo, Chinotimba kiss, make up

THE MDC Alliance leader of the House Thabitha Khumalo and Buhera South MP Joseph Chinotimba (Zanu PF) yesterday buried the hatchet over an incident where the Zanu PF legislator on Wednesday labelled K...

By Staff reporter | Published: 07 December 2018

POLITICS

US accuse Mnangagwa of imitating Mugabe's autocratic rule

THE United States government says it is willing to engage Zimbabwe only after genuine political and economic reforms and accused President Emmerson Mnangagwa's government of aping former President Rob...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

RBZ director arrested for abuse of office

Suspended Reserve Bank of Zimbabwe (RBZ) director for Financial Intelligence Unit, Mirirai Chiremba, yesterday appeared in court for criminal abuse of duty for allegedly raising the withdrawal limit o...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

SA engineering firm sets up shop in Bulawayo

A SOUTH African-based engineering company, Nadlac Automation has opened shop in Bulawayo and seeks to play its part in industry revival and growing Zimbabwe's economy. In an interview, Nadlac business...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

New boss for Tourism Business Council

THE Tourism Business Council of Zimbabwe (TBCZ) has appointed Ms Winnie Muchanyuka as its new president, replacing Mr Tich Hwingwiri. Ms Muchanyuka was the vice-president of the Zimbabwe Council of To...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Zimbabwe assets biggest and best buy in Africa - Prof Ncube

Zimbabwean assets are the biggest and best buy in Africa for investors at the moment while property rights are very secure, Finance and Economic Development Minister Professor Mthuli Ncube has said. I...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Mnangagwa to set up advisory council

Government is ready to consider ideas and suggestions from the private sector in building the Second Republic and is in the process of setting up a business advisory council to bridge the gap between ...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Fuel companies call for 2-week forex cover

Fuel firms operating in the country have said Government should supply them with two-week worth of foreign currency cover to ensure there are no gaps that "exaggerate" the fuel shortages. Appearing be...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Mthuli Ncube in timely US intervention

Finance and Economic Development Minister Professor Mthuli Ncube yesterday made a timely intervention as he submitted a detailed paper on Zimbabwe's economic and political reforms to a United States o...

By Tichaona Zindoga | Published: 07 December 2018
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