BUSINESS NEWS

WATCH: Mnangagwa bullish of reengagement drive

Zimbabwe's new president, Emmerson Mnangagwa, has a plan to revive one of the world's worst-performing economies and end its isolation: pay compensation to white farmers whose land was confiscated, s...

By Bloomberg | Published: 21 hours ago

BUSINESS NEWS

Zimra surpasses target by 17%

THE Zimbabwe Revenue Authority (Zimra) exceeded its 2017 gross annual performance by 17 percent while net collections after deducting refunds were surpassed by 10 percent.In a statement accompanying r...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

PSL ends SuperSport broadcasting deal

AFTER  ending their maiden broadcasting deal with SuperSport International last December, the Premier Soccer League have begun the search for a new partner to beam the top-flight for the next fiv...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

Mnangagwa preps for World Economic Forum

President Emmerson Mnangagwa yesterday said the forthcoming World Economic Forum meeting in Davos, Switzerland, is an opportune platform to show the world that Zimbabwe has transformed and is open for...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

Mnangagwa launches investment policy

PRESIDENT Emmerson Mnangagwa yesterday launched the national investment policy statement that outlines the guidelines for investing in and harnessing the opportunities that abound in Zimbabwe. The Pre...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

'Zimbabwe investment environment gloomy'

Zimbabwe's investment outlook remains gloomy with this year's harmonised elections likely to generate uncertainties, the African Development Bank (AfDB) has said.President Emmerson Mnangagwa told Stat...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

Cimas ordered to pay Corp24

Government has ordered Cimas to suspend, with immediate effect, the requirement for its members to pay cash upfront when seeking services from Corporate 24. Cimas has also been directed to adjudicate ...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

Parly calls for Obert Mpofu, Supa probe

The National Assembly has ratcheted up pressure on President Emmerson Mnangagwa, calling on him to take action against Cabinet ministers accused of improper conduct. Led by Mabvuku Tafara Member of Pa...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

Zimra appoints new boss

The Zimbabwe Revenue Authority (Zimra) has appointed Ms Faith Mazani as its new Commissioner-General with effect from February 1. She takes over from Mr Gershem Pasi, who resigned in May last year cit...

By Staff reporter | Published: 21 hours ago

BUSINESS NEWS

Govt orders salary freeze in parastatals

Government has imposed a salary and benefits freeze for management at State Enterprises and Parastatals amid plans to have the salaries reflect their performance. There are suggestions that the obtain...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Econet's EcoFarmer partners Mercy Corps, ZFU

Econet Wireless Zimbabwe ( EWZ)'s EcoFarmer has partnered Mercy Corps and the Zimbabwe Farmers Union (ZFU), to help achieve rural food security and boost productivity by raising mobile literacy among ...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Govt workers demand raise

The continued rise in the cost of living is creating serious challenges for the new government which is now faced with fresh demands from civil servants for massive salary adjustments in line with the...

By Staff reporter | Published: 18 January 2018

BUSINESS NEWS

Bond notes to stay

GOVERNMENT has no plans to phase out bond notes until economic fundamentals are appropriate for the transition from the use of multiple currency, Finance and Economic Planning Minister Patrick Chinama...

By Staff reporter | Published: 18 January 2018

BUSINESS NEWS

Zimbabwe to amend Companies Act

THE Ministry of Justice, Legal and Parliamentary Affairs has drafted amendments to the Companies Act (Chapter 24:03), which will soon be tabled before Parliament as government seeks to reform laws tha...

By Staff reporter | Published: 18 January 2018

BUSINESS NEWS

Mugabe's govt bought 'snow graders'

Government has admitted buying snow graders, saying local authorities should work with what they have as proper equipment is on its way.Speaking during a meeting with local authorities from Mashonala...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Victoria Falls Airport overwhelmed by visitors

The recently-commissioned $150 million Victoria Falls International Airport has insufficient capacity to meet burgeoning air traffic demands, spurring a problem of congestion and delays.As traffic con...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Zimbabwe to lower tax brackets

Government will soon lower tax brackets for various economic players as an incentive to encourage investment in the country and grow the tax base.Addressing Zimbabweans and investors in Namibia on Mon...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

School term shortened to 11 weeks

THE first school term calendar which in the past has been 13 weeks, has this year been shortened to 11 weeks.Schools opened on January 9 and will close on March 28 yet in the past schools used to clos...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

African Development Bank avails $4 million grant

The African Development Bank (AfDB), through the African Development Fund, has extended a $4,1 million grant to the Zimbabwean Government, part of which will be used to reform three State-owned enterp...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Buy Zimbabwe, SI64 initiatives commendable

The Buy Zimbabwe and SI 64 concepts are commendable as they aggressively pursue consumption of locally produced goods. These initiatives are testament of Government efforts that seek to promote capaci...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Bulawayo has enough water for 3 years

BULAWAYO's major water reservoirs have enough water to last three years despite insignificant inflows recorded so far and high evaporation rates, council has reported.A council report of the future wa...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Matabeleland provinces gets $20,1m from Zinara

Transport minister Joram Gumbo has applauded Bulawayo for effectively utilising the Zimbabwe National Road Authority (Zinara) allocation in 2017 under the emergency road rehabilitation programme (ERRP...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Forex dealers get free rein

The Zimbabwe Republic Police says it is finding it difficult to bring cash vendors to book because there is need for an officer of the law to witness an illegal transaction before effecting an arrest....

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Forex shortages to persist until March

Zimbabwe's debilitating foreign currency crisis will persist until the tobacco selling season begins in March, the Reserve Bank of Zimbabwe he said. RBZ financial markets deputy director William Manhi...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Zim investment indaba set for SA

Financial markets experts, investors and executives from various industries will descend on Johannesburg in March for the fifth Financial Markets Indaba. The one-day gathering which is scheduled for S...

By Staff reporter | Published: 17 January 2018
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