BUSINESS NEWS

Civil servants housing scheme details out

Government workers will pay a minimum monthly contribution of US$150 under the Civil Service Housing Scheme, with construction scheduled to begin this year.State officials and civil servants' represen...

By Staff reporter | Published: 12 hours ago

BUSINESS NEWS

Chinamasa roasted on his mid-term budget review

Former Economic Planning minister Tapiwa Mashakada could not contain his anger after Finance minister Patrick Chinamasa delivered a gloomy mid-term budget review last Thursday.Mashakada immediately a...

By Staff reporter | Published: 13 hours ago

BUSINESS NEWS

Weak economy takes toll on Zim showbiz

The severity of Zimbabwe's cash crisis that surfaced after the introduction of bond notes last year and the subsequent disappearance of the Unites States dollar coupled with the general poor performan...

By Staff reporter | Published: 14 hours ago

BUSINESS NEWS

Second-hand clothes traders join bandwagon

Harare's thriving second-hand clothing market has embraced the use of plastic money as traders fear being thrown out of business due to cash shortages, this paper has established.The new way of doing ...

By Staff reporter | Published: 14 hours ago

BUSINESS NEWS

Zim govt hails NECF policies

The government has commended the National Economic Consultative Forum (NECF) for its role in crafting policies that have lead to social and economic transformation of the country.NECF celebrated its 2...

By Staff reporter | Published: 22 July 2017

BUSINESS NEWS

Drug-resistant HIV strain hits Zim

Two out of 30 HIV-positive people on anti-retroviral therapy (ART) in Zimbabwe have shown signs of resistance to commonly used and most affordable drugs Efavirenz and Nevirapine, the World Health Orga...

By Staff reporter | Published: 22 July 2017

BUSINESS NEWS

Crippling power cuts looming

Zimbabwe's power imports for the first quarter of 2017 went up by about 10 percent as local production slumped 23 percent, a development that local energy experts anticipate to result in load shedding...

By Staff reporter | Published: 21 July 2017

BUSINESS NEWS

Cabinet moves to plug financial leakages

BEING conduits for most financial transactions, governments closely watch banks and bank executives who are normally used as mules in illicit financial flows.By their nature, illicit financial flows t...

By Staff reporter | Published: 21 July 2017

BUSINESS NEWS

Govt to take over NRZ, CAAZ debts

THE Government plans to assume debts owed by the National Railways of Zimbabwe (NRZ) and the Civil Aviation Authority (CAAZ) to improve their attractiveness to potential investors, a Cabinet Minister...

By Staff reporter | Published: 21 July 2017

BUSINESS NEWS

US ivory ban lift buoys safari sector

THE Safari Operators Association of Zimbabwe (SOAZ) sees a 30% growth in revenue following the lifting of an ivory ban by the United States, businessdigest reported.The US Fish and Wildlife Service (U...

By Staff reporter | Published: 21 July 2017

BUSINESS NEWS

Companies retrench 160 more

EIGHT companies registered their agreements to lay-off workers with the Retrenchment Board earlier this month, affecting at least 160 employees, businessdigest reported.This adds to the 817 workers w...

By Staff reporter | Published: 21 July 2017

BUSINESS NEWS

Zim civil servants will not get salary increase

The government will be maintaining a salary freeze to create room for mobilising funding for key projects in light of the budgetary constraints affecting the economy.This was revealed by the Minister ...

By Staff reporter | Published: 20 July 2017

BUSINESS NEWS

$175m bond notes in circulation

THE Reserve Bank of Zimbabwe (RBZ) has now injected $175 million worth of bond notes in the market, as cash shortages are pushing the central bank to draw on the Afreximbank-backed surrogate currency....

By Staff reporter | Published: 20 July 2017

BUSINESS NEWS

Computerisation of Zim's public transport data hits a snag

Plans to integrate and computerise Zimbabwe's public transport data have been held back by a tender row pitting serial government contractor Univern Enterprises and a South African rival, Mopane Proje...

By Staff reporter | Published: 20 July 2017

BUSINESS NEWS

Zinara trio in forex scam

Three Zimbabwe National Road Administration (ZINARA) bosses appeared in court yesterday charged with illegally sourcing foreign currency on the pretext of servicing a $206 million loan for the rehabil...

By Staff reporter | Published: 20 July 2017

BUSINESS NEWS

'Bond notes to raise export earnings'

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya clocked three years at the helm of the apex bank in March this year.Our Business Editor, John Kachembere, spoke to the central bank chief who is a...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Chinamasa to present the Budget Review Statement

FINANCE and Economic Development Minister Patrick Chinamasa will present Zimbabwe's Annual Budget Review Statement and the 2017 Economic Outlook in the National Assembly tomorrow as a way to appraise ...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Businessman, artisanal miners clash

Mashonaland West's sole manufacturer of stock feed, Mr Taurai Mtisi has raised a red flag over uncontrolled mining activities close to his plant where he says he fears the operations pose a threat to ...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

2017 Mine Entra kicks-off -Live update

11:29: We advocate for a women's bank with no stringent conditions- Damasane. She ends her speech.11:28: Damasane calls for a 50-50 representation in boards and institutions to ensure equal opportunit...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Zimbabwe's IPPs output rises 416%

INDEPENDENT Power producers' output for 2016 increased 416 percent to 277,7 gigawatt hour from 57,8 GWh a year earlier, according to report by the power utility Zesa Holdings.277,7 gigawatt hour from ...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Zim engineers invited to enter Engineering Innovation Africa Prize

Engineers from Zimbabwe and others from sub-Saharan Africa have been invited to enter the fourth edition of the prestigious Africa Prize for Engineering Innovation.Engineers from Zimbabwe have feature...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Investors shun CMED over cash shortages

Foreign payment challenges obtaining in Zimbabwe have affected investment prospects for ailing State owned Central Mechanical Department's fuel business unit, it has emerged. While investors are willi...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

12 Zim firms to exhibit in Zambia

THE country's export promotion body, ZimTrade, will lead 12 companies to this year's Zambia Agriculture and Commercial Show (ZACS) to be held next month.ZimTrade chief executive officer, Ms Sithembile...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

NSSA land puzzle solved

Chegutu Municipality sold land to Dr Philip Chiyangwa's Gabroc Enterprises in 2001 which went on to sell the property to the National Social Security Authority (NSSA) two years later, documents show.T...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Harare to issue $100m bond for city projects

HARARE City Council is planning to issue a $100 million bond to finance projects with a bias towards housing schemes as the local authority moves to reduce the national housing gap.Harare Mayor Counci...

By Staff reporter | Published: 18 July 2017
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