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

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

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

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

BUSINESS NEWS

Discovery Sport launched in Zimbabwe

The new Land Rover Discovery Sport, the world's most versatile and capable premium compact sport utility vehicles (SUV), is now available in Zimbabwe following its launch in the country on Wednesday.N...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Zimbabwe to settle $10bn debt, says AfDB

Zimbabwe will craft a "debt repayment plan" to address the country's over $10 billion debt overhang by August, the African Development Bank (AfDB) to Zimbabwe representative said.Mateus Magala, the Af...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Zinara mulls development plan

The Zimbabwe National Roads Administration (ZINARA) has dangled the idea of a corridor master development plan (CMDP) towards the dualisation of the Beitbridge-Chirundu road, which emphasises the upgr...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Zimbabwe collects $1,65m tourism VAT

Hard - hit Zimbabwe government collected a total of $1,65 million from value added tax (VAT) on non-resident tourist accommodation in the four months to April this year, a top official has revealed.Wi...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Chinamasa defends presumptive tax

Finance minister Patrick Chinamasa says Zimbabwe's presumptive tax was in line with international trends and blamed small-to-medium enterprises (SMEs) for evading taxes."The issue of presumptive tax h...

By Staff reporter | Published: 21 June 2015

BUSINESS NEWS

EU maintains stance on budgetary support

The European Union (EU) says Zimbabwe is yet to qualify for budgetary support, but the economic trading bloc will continue to channel aid through multinational organisations, EU Ambassador Philippe Va...

By Staff reporter | Published: 21 June 2015

BUSINESS NEWS

Live empowerment, beneficiation, says Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has rallied Zimbabweans to "live their vision and mission on empowerment, and beneficiation" if the country's economic turnaround is to be achieve...

By Staff reporter | Published: 21 June 2015

BUSINESS NEWS

Govt firms owe $2,2bn

Zimbabwe's cash-strapped parastatals and town councils are currently saddled with unsecured debts amounting to $2,2 billion owed to various service providers, Finance ministry's permanent secretary Wi...

By Staff reporter | Published: 21 June 2015

BUSINESS NEWS

'SA investors wary of Zim environment'

Prospective South African investors have expressed concern over bureaucracy and inefficiencies in the Zimbabwean business environment.Confederation of Zimbabwe Industries (CZI) president Charles Msipa...

By Staff reporter | Published: 21 June 2015

BUSINESS NEWS

SA companies invest $1,2bn in Zimbabwe

South African companies have invested over $1,2 billion in Zimbabwe between 2003 and 2013 creating over 2 485 employment opportunities in the country, latest figures show.Jacob Zuma, South Africa's Pr...

By Staff reporter | Published: 21 June 2015

BUSINESS NEWS

Zim business pursues SA opportunities

A Zimbabwean business delegation is today expected to meet with counterparts from South Africa at a forum to be held in Pretoria to explore trade and investment opportunities.The delegation is part of...

By Staff reporter | Published: 21 June 2015
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