BUSINESS NEWS

Zinara fires CEO

ROAD administrator, Zimbabwe National Roads Administration (Zinara) wielded the axe on chief executive officer Nancy Masiyiwa-Chamisa on Thursday as the corruption scandal rocking the parastatal reach...

By Staff reporter | Published: 52 mins ago

BUSINESS NEWS

NBSZ appoints chairperson

THE National Blood Services Zimbabwe has appointed a new board chairperson, Advocate Rodgers Matsikidze who takes over from Justice Leslie George Smith who retired after 37 years at the helm.Matsikidz...

By Staff reporter | Published: 53 mins ago

BUSINESS NEWS

Pension fund in corruption scam

A probe into the Unified Councils Pension Fund (UCPF) has unearthed massive abuse of funds amid evidence the board pocketed US$8,7 million in allowances, sitting fees and staff salaries between 2010 a...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Maphosa seeks safe haven in Zimbabwe

South Africa-based Zimbabwean business mogul and Big Strategic Group boss Justice Maphosa, who has of late been in trouble over citizenship and tax fraud issues, is set to make massive investments acr...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Zimra delays $100 million facility

A US$100 million commercial loan recently advanced by the United Kingdom (UK) government, through the state-run Commonwealth Development Fund (CDC), to Zimbabwe's private sector has been delayed by th...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Finmark Trust to establish base in Zim

FinMark Trust, an independent trust established to promote financial inclusion and regional financial integration, has announced its plans to set up base in Zimbabwe. FinMark, which provides evidence ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Govt urged to be transparent to attract FDI

Zimbabwe is part of the countries which are lowly ranked in terms of budget transparency, accountability and citizen participation, an expert has said.Speaking on the sidelines of a transparency works...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Bulawayo residents insist on 24/7 clinics

BULAWAYO residents have refused to back down on their quest to have 24-hour service delivery at local clinics, saying primary healthcare was a right that they should access at any time.This came after...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Chamisa keeps alliance partners on hold

OPPOSITION MDC Alliance presidential candidate Nelson Chamisa has kept his disgruntled partners, who are demanding an urgent meeting to iron out differences relating to allocation of seats, on hold.Th...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Govt urged to establish Environmental Commission

PARLIAMENT has recommended the establishment of an Environment Commission by January next year to protect the environment, including wetlands.The issue was suggested in a recent report by the Parliame...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Zim economy to grow faster than projected

Zimbabwe's economy is likely to grow faster that initially projected, largely driven by mining and agriculture. Minister Chinamasa said on Tuesday the economy would expand 6 percent in 2018, faster th...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Property skewed to residential

The real estate sector in Zimbabwe has hit its lowest although opportunities still abound across the country's major cities, experts say. Activity in the sector has been skewed towards residential dev...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Zimra workers plan protest

THE Zimbabwe Revenue Authority (Zimra) is bracing for a demonstration by its employees today, who are protesting about alleged poor working conditions for the general workforce while management swim i...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Prof Madhuku to write a new Constitution

Professor Lovemore Madhuku says he will lead a process to write a new, "people-driven" Constitution to replace the current one which was a product of negotiation between Zimbabwe's main political part...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

ZIMRA upgrades Asycuda

THE Zimbabwe Revenue Authority has completed the first phase of an upgrade on the Automated System for Customs Data (Asycuda) to avoid a recurrence of the disturbances which occurred in December last ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

'Harare CBD needs facelift'

HARARE'S central business district (CBD) should be reconstructed in line with modern trends to meet challenges of the digital and globalising trade relations, real estate experts have said.Identified ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Agents seek ZIMRA consultations on upgrades

THE International Freight Forwarders Association of Zimbabwe (IFFAZIM) says the Zimbabwe Revenue Authority (ZIMRA) should consult stakeholders in the freight and clearing sector before making changes ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Zimbabwe to invest $60 per capita on health

THE recently launched Zimbabwe National Health Financing Policy (ZNHFP) has tabled proposals to invest $60 per capita annually to improve health access in the country.According to the policy document ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Bond notes 'a PR disaster' for Zimbabwe

THE bond note poses an international public relations problem for Zimbabwe close to two years after its introduction, clouding the country's efforts to entice international investors, a financial anal...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Major mines shunning local products

LESS than $400 million of at least $2 billion generated by major miners is being channelled into the procurement of domestic products, a Buy Zimbabwe executive said last week.The buy local campaigner'...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Zimre injects $2m into Credsure

INTEGRATED financial services group, Zimre Holdings Limited said it injected $2 million into Credit Insurance Zimbabwe (Credsure) after it snapped a majority stake in the insurance firm.Zimre increase...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Investors scale up Zimbabwe deals

A $12 million snack-making plant went live a fortnight ago, unlocking 400 job opportunities in Zimbabwe, where unemployment is over 90 percent and growth prospects had until now been scuttled by firm ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Shiri promises to stop land evictions

GOVERNMENT will be stopping all land evictions, especially the appropriation of indigenously owned farms and those farms protected under Bilateral Investment Protection and Promotion Agreements (BIPPA...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Global trade wars could expose Zimbabwe

A NEW paper released by the United Nations Conference of Trade and Development (UNCTAD) on Tuesday this week says Zimbabwe's exports face an applied tariff rate of seven percent and a tariff increase ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Buyanga's AMG buys Pagliari for R100 million

Businessman Frank Buyanga's African Medallion Group (AMG) has just closed a Rand 100 million acquisition of Pagliari Group (Pagliari), a former subsidiary of Rand Refinery (RF) and supplier of high-qu...

By Staff reporter | Published: 21 June 2018
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