POLITICS

Mnangagwa to be sworn in as president on Friday

HARARE- Zimbabwe's former vice president Emmerson Mnangagwa will be sworn in as president on Friday marking a new era for a country dominated by Robert Mugabe whose swift downfall this week ended near...

By Staff reporter | Published: 8 hours ago

BUSINESS NEWS

Ministries push for fee reduction

SEVERAL ministries have given recommendations for the reduction of fees and removal of bottlenecks in a bid to attract investment in the country.Presenting at the sensitisation workshop organised by t...

By Staff reporter | Published: 8 hours ago

POLITICS

Mnangagwa rises as Mugabe falls

The curtain finally came down on President Robert Mugabe's 37-year rule, as he resigned with immediate effect yesterday, triggering massive celebrations across the country.Mugabe had been under siege ...

By Staff reporter | Published: 9 hours ago

POLITICS

Wild cheers as dictator falls

Dictator Robert Mugabe finally resigned yesterday, ending his 37-year rule of Zimbabwe after the country's ousted Vice-President Emmerson Mnangagwa - dubbed "The Crocodile" - ordered him to quit.Zimba...

By Daily Mail | Published: 9 hours ago

POLITICS

Zanu-PF nominates Mnangagwa for President

The ruling party Zanu-PF has nominated Emmerson Dambudzo Mnangagwa to fill the vacancy of President following President Mugabe's resignation on 21 November 2017. Speaker of Parliament Advocate Jacob M...

By Staff reporter | Published: 9 hours ago

POLITICS

Mugabe resigns

President Robert Mugabe has submitted his resignation after nearly four decades as the country's leader.Mugabe defied demands to step down for almost a week after a military takeover and expulsion fro...

By Staff reporter | Published: 9 hours ago

POLITICS

US to remove Zimbabwe sanctions?

The United States said Tuesday that President Robert Mugabe's resignation offers Zimbabwe's people a "historic opportunity" for change and could help end its isolation on the world stage.Washington ha...

By AFP | Published: 9 hours ago

BUSINESS NEWS

Zim launches migration governance project

The Zimbabwe government on  Thursday launched the Promoting Migration Governance in Zimbabwe (PMGZ)  project aimed at supporting the development of improved migration policies and frameworks...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Zim panic sends Bitcoin soaring over $6,000?

Bitcoin is the latest indicator to show that Zimbabwe's attempts to defy economic gravity will, as before, result in unplanned-for ­con­sequences and bruises on the way down.According to TheNational...

By Staff reporter | Published: 20 October 2017

POLITICS

ZCTU, govt clash over interference

THE Zimbabwe Congress of Trade Unions (ZCTU) has confronted government over its failure to streamline ministerial powers that interfere with trade union activities in the draft of the amended Labour A...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Zimbabweans stash forex as economy sinks

IN recent weeks some financial institutions have announced they are further reducing limits for foreign card payments such as MasterCard, Visa Card and debit card settlements with some suspending the ...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Forex delays wreak havoc

THE delay in the allocation of foreign currency to companies by the Reserve Bank of Zimbabwe (RBZ) has resulted in businesses cancelling orders and suppliers doubling of prices to allow them to source...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Government repeals imports restriction law

THE Govermment has repealed Statutory Instrument 64 of 2016 and consolidated various import licensing regulations under the newly gazetted Statutory Instrument 122 of 2017, Industry and Commerce Minis...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Zesa reeling under $1 billion debt

THE debt and scandal-ridden Zimbabwe Electricity Supply Authority (Zesa) owes its local and international suppliers close to US$1 billion and is only managing to service interest accrued on loans with...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Govt issues $200 million worth of TBs

Government has issued about $200 million worth of Treasury Bills to settle debts owed by parastatals and local authorities to the country's power utility, Zesa Holdings. This is the part of $535 milli...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Govt to engage experts on SEZs

Government will work in collaboration with local and international partners with requisite expertise in the implementation of Special Economic Zones. According to minutes of the meeting held between M...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Pharmacies in 70% price hike

PHARMACIES in Zimbabwe have hiked drug prices by up to 70 percent over the past three weeks and some are demanding payment in United States dollars only, it has emerged.In a statement, the Association...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Govt has final say on Air Zim boss

The Air Zimbabwe board, which met last Friday to deliberate on the fate of suspended chief executive officer Captain Ripton Muzenda, has no mandate to unilaterally sack him, Business Weekly has establ...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

RBZ appoints bankers for Portfolio Fund

Standard Chartered Bank, Stanbic and CBZ have been appointed bankers for the Zimbabwe Portfolio Fund which was established by the Reserve Bank of Zimbabwe in August this year. Although the fund was su...

By Staff reporter | Published: 20 October 2017

BUSINESS NEWS

Aspindale Park gets council approval

Property development firm, Aspindale Park, has secured title deeds from the Harare City Council for its multipurpose house project situated at the junction of High Glen Road and Kambuzuma, a developme...

By Staff reporter | Published: 20 October 2017

POLITICS

Chombo to review fuel levies

Finance and Economic Development  Minister, Dr Ignatious Chombo said on Wednesday government might, in the forthcoming 2018 national budget, review fuel taxes which make the commodity more expens...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Zim narrows trade deficit by 62% since 2015

Zimbabwe has made significant strides over the last two years in reducing its trade deficit from $3,5 billion in 2015 to $1, 3 billion presently. ZimTrade board chairman Lance Jena revealed the statis...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Tax refund nightmare for companies

COMPANIES have expressed concern over delays by the country's tax collection agency, the Zimbabwe Revenue Authority (ZIMRA), in processing tax refunds, which they said created cash-flow problems for b...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Debt to equity plan for Merlin

THE judicial manager of troubled Bulawayo-based textiles firm, Merlin (Pvt) Limited, will this week present a report to creditors in which he is proposing the conversion of debt into equity.The move i...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

ZIMRA proposes severe penalties

THE Zimbabwe Revenue Authority (ZIMRA) is contemplating legislative measures to ensure severe penalties to tax evaders in a bid to force compliance and boost revenue.ZIMRA board chairperson, Willia Bo...

By Staff reporter | Published: 19 October 2017
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