BUSINESS NEWS

Foreign-based motorists urged to use eTIP facility

MOTORISTS using foreign registered vehicles in the country should use the electronic temporary import permit (eTIP) facility to avoid delays at ports of entry, the Zimbabwe Revenue Authority's Customs...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Harare hit by serious water chemical shortages

Harare residents should brace for a dry festive season or rely on rain water, as council has run out of water purification chemicals.Mayor Herbert Gomba yesterday gave a grim picture of water supply i...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Harare City Council sells land to raise salaries

HARARE City Council has resolved to sell a prime piece of land in Mount Pleasant to a property developer to raise money for salaries.The land is currently being used by the ruling Zanu PF party as its...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

MFIs lending skewed towards consumption

MICROFINANCE institutions (MFIs) lent $50,5 million for consumptive purposes in the nine months to September, representing a third of the industry's loans in issue.Zimbabwe has a thriving MFI sector, ...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Cassava enters the Zimbabwe market at $3.8 billion

Cassava SmarTech Zimbabwe made history on 18 December 2018 when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8bn. It immediately became Zimbabwe's third most valua...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

'Extend 20% forex scheme to all farmers'

THE Reserve Bank of Zimbabwe (RBZ) should extend its 20 percent forex payment scheme to all farmers other than cotton and tobacco growers so as to enhance increased agricultural output. In an intervie...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Businesswoman's trial for 'externalising' $6m postponed

THE trial of a Bulawayo businesswoman who has been on the police wanted list for allegedly externalising more than $6 million to Botswana, has been postponed to January 25 next year. Delny Deanna Ashl...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Merspin secures Swiss partners

BULAWAYO-BASED textile concern, Merspin Limited, has secured technical partners from Switzerland to redesign the local plant and recommend new equipment for the proposed factory upgrade. The company, ...

By Staff reporter | Published: 3 hours ago

BUSINESS NEWS

Mash West farmers counting losses

Farmers in Mashonaland West Province are counting their losses after their early planted crop failed to germinate. As a result, they are being forced to buy more inputs including seed, weed control ch...

By Staff reporter | Published: 4 hours ago

BUSINESS NEWS

3 Chinese firms shut down

ENVIRONMENTAL Management Authority (EMA) recently ordered the closure of three Chinese companies that were setting up coke-processing and solar power plants in Hwange without conducting environmental ...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

Zimbabwe hotels ranked among best

Leading United Kingdom newspaper, The Telegraph, has named several local hotels as among the best on the continent.It comes at a time when Zimbabwe is already experiencing a surge in tourist arrivals,...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

Johane Masowe apostolic sect in land wrangle

JOHANE Masowe Echishanu Nyenyedzi Nomwe Church has approached the High Court challenging an order given to expelled church members empowering them to be the rightful owners of a housing co-operative f...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

Firms close for festive season

INDUSTRIES in Bulawayo have started closing for the festive season, optimistic of resuming operations next year under an improved environment. Confederation of Zimbabwe Industries (CZI) Matabeleland c...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

Mnangagwa gets kudos for free trade policies

President Mnangagwa's Second Republic has received high plaudits for pushing initiatives that promote free trade and movement across borders in the Southern African region. Zimbabwe, among other initi...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

Clothing manufactures indaba set for Bulawayo

The Ministry of Industry and Commerce will host a clothing manufactures indaba in Bulawayo meant to find a way forward in resuscitating the sector.During his familiarisation tour of clothing manufactu...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Afreximbank avails $1.5bn stabilisation facility to Zimbabwe

Zimbabwe new dispensation got a shot in the arm after the Afreximbank and Reserve Bank of Zimbabwe signed $1.5 billion stabilisation facility.The deal was signed this Friday, Afreximbank headquarters ...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Zimbabwe courts Egyptian investors

Zimbabwe has secured interest from Egyptian business investors with revelations that a delegation from the North African nation will follow their targeted areas in the first quarter of next year.The I...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Court orders EgyptAir to pay RTG $20 000 boarding debt

The High Court has ordered EgyptAir Holdings to settle a debt of over $20 000 owed to Rainbow Tourism Group Limited for its hotel and hospitality services rendered to the airline's guests.This comes a...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Chivayo wins $25m ZPC case

Intratrek Zimbabwe has won a $25 million lawsuit against the Zimbabwe Power Company (ZPC) and in which High Court judge Tawanda Chitapi has also ruled that the contract between the Zesa subsidiary, an...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Four RBZ executives absolved of wrongdoing

The Reserve Bank of Zimbabwe (RBZ) yesterday cleared four senior executives of any wrongdoing following their suspension on allegations of corruption and illegal foreign currency dealings.Their precau...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Fuel dealer invites service station partners

Genesis Energy Private Limited is seeking to expand its operations locally and has invited business proposals from entrepreneurs wishing to partner with the company as dealers.This is in line with the...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Grinch steals Christmas Joy

Long-suffering Zimbabweans are once again facing a bleak Christmas and New Year season - with the majority of the country's citizens jobless, penniless, hopeless and unable to afford even the most bas...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Grinch steals Christmas Joy

Long-suffering Zimbabweans are once again facing a bleak Christmas and New Year season - with the majority of the country's citizens jobless, penniless, hopeless and unable to afford even the most bas...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Zanu-PF bigwig evicts 18 families

Anna Kwavakona held one of her one-year-old twin babies in her arms while her other children clutched to her dress as she stood in front of a tent shelter perched by the roadside on the outskirts of B...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

'SMEs key in uplifting Zimbabwe economy'

The impact of small to medium enterprises (SMEs) on the country's economy cannot be ignored. They contribute largely, not just to the fiscus, but continue to fill the gap in providing services and pro...

By Staff reporter | Published: 16 December 2018
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