ZIMBABWE

Zimbabwe abandons debt relief initiative

The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...

By Staff reporter | Published: 02 June 2022

ZIMBABWE

Inflationary pressures choke Zimbabwe industry

A rising bout of inflation is posing a severe threat to Zimbabwe's industries amid growing fears most companies will struggle to restock, which could potentially trigger a significant reduction in pro...

By Staff reporter | Published: 02 June 2022

BUSINESS NEWS

Zimbabwe has sufficient water for winter irrigation

The Zimbabwe National Water Authority (ZINWA) has said the country's dams have sufficient water to meet the winter cropping irrigation needs.ZINWA spokesperson, Marjorie Munyonga told Business Times t...

By Staff reporter | Published: 02 June 2022

ZIMBABWE

Seedco seeks to merge Zimbabwe operations for secondary listing

Pursuant to the proposal to transfer the ZSE Secondary Listing of Seed Co International Limited from the ZSE to the soon to be established VFEX, a proposal to merge the Zimbabwean operations, held und...

By Staff reporter | Published: 01 September 2020

ZSE TODAY

Stocks back in negative territory on Simbisa, Innscor

The stock market made a marginal swing back to negative territory weighed down by losses in Simbisa and Innscor although the market breadth was positive, as stocks remain a safe haven in this crisis p...

By Staff reporter | Published: 22 April 2020

ECONOMC INDICATORS

Zimbabwe's March annual inflation rises to 673.39%

Zimbabwe's annual inflation rose in March to 676.39% with expectations that it might touch the 1000% level within two months as supply chain disruptions and shortages are expected to lead to prolonged...

By Staff reporter | Published: 14 April 2020

BUSINESS NEWS

RBZ suspends 30-day forex liquidation requirement

The Reserve Bank of Zimbabwe has suspended the 30-day liquidation requirement on un-utilized foreign currency balances for exporters to support its use of free-funds policy. Last week the RBZ announce...

By Staff reporter | Published: 31 March 2020

ZIMBABWE

Market breadth turns negative as ZSE falls further

The stock market fell further on Tuesday as the market breadth turned negative. Foreign participation remained insignificant and local liquidity remained restricted with turnover closing at $17.9m whi...

By Staff reporter | Published: 18 March 2020

ECONOMC INDICATORS

Zimbabwe's February annual inflation at 540.16%

Zimstat has resumed the publication of annual inflation data following the lapsing of a twelve-month suspension. The year on year inflation measured by all items CPI came in at 540.16% from 59.39% of ...

By Staff reporter | Published: 16 March 2020

ZIMBABWE

SecZim to audit fungible shares trading amid 'cheating' reports

The Securities and Exchange Commission of Zimbabwe says it will undertake an audit of all transaction inflows on dual listed shares that were consummated with effect from June 1, 2019. This comes amid...

By Staff reporter | Published: 12 March 2020

POLITICS

Jonathan Moyo extradition - Interpol frustrating ZRP over?

The ZRP Commissioner General Godwin Matanga has accused the International Criminal Police Organisation (Interpol) of frustrating their efforts to extradite people facing criminal charges in the countr...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

Hwange station needs complete overhaul

SUBDUED power generation at Hwange Power Station is contributing to prolonged load shedding as only four units out of six are operating, general manager for the plant, Engineer Arnold Chivurayise, has...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

High money supply keeps inflation up

The spectre of sustained high inflation remains a real threat after Zimbabwe's annual broad money grew 81 percent to $17 billion in the 12 months to July 2019 driven by growth in foreign currency acco...

By Staff reporter | Published: 18 October 2019

POLITICS

Mnangagwa resists temptation to take revenge on Mugabe family

PRESIDENT Emmerson Mnangagwa has kept to his word and resisted the temptation to take revenge on former first lady Grace Mugabe who terrorised him in 2017 and also humiliated him last month after her ...

By Staff reporter | Published: 18 October 2019

TRANSPORT & TOURISM

Zimbabwe still to get Embraer operating manual

GOVERNMENT has engaged Embraer over delays in releasing crucial operating manuals for its Embraer ERJ145, six months after taking delivery of the aircraft from the manufacturer, the Zimbabwe Independe...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Continued slowdown in Zimbabwe monthly inflation

Latest statistics from Zimstat show that country's monthly inflation rate was at 17.72% shedding 0.35 percentage points on the August rate of 18.07% as Government continues to target a monthly inflati...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Zimbabwe pushes for US$14 bln export earnings by 2030 in National Export Strategy

Government through the National Trade Policy and Export Strategy blueprint is targeting to grow Zimbabwe's export by 10% annually to US$6.4 billion in 2023 and ultimately to US$12.4 billion by 2030 fr...

By Staff reporter | Published: 17 October 2019

SOCCER

Bosso express gratitude to Ezra Tshisa Sibanda

HIGHLANDERS chairperson Kenneth Mhlophe has praised United Kingdom-based radio personality Ezra "Tshisa" Sibanda for his crowd-funding efforts to help the Bulawayo giants. While the Daily News could n...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Zimbabwe delegation in India

INFORMATION Communication Technology (ICT) ministry has facilitated attendance of a high-tech India Mobile Congress (IMC) 2019 to tap into the Asian giant's technological advances and lure investors i...

By Staff reporter | Published: 17 October 2019

MINING & RETAIL

High Court orders mine to cease operations

The High Court has ordered Gwanda-based mining concern, Imani Mine, to cease operations with immediate effect after failing to follow proper mining procedures.The order was issued by Justice Jester He...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Mthuli Ncube taken to court over inflation figures

FINANCE minister Mthuli Ncube has been dragged to the High Court by National Social Security Authority (Nssa) employees who, in conjunction with members of the Zimbabwe Pension and Insurance Rights Tr...

By Staff reporter | Published: 11 October 2019

TRANSPORT & TOURISM

Mnangagwa reins in Matiza over NRZ

PRESIDENT Emmerson Mnangagwa this week moved to rein in Transport minister Joel Biggie Matiza over his bid to scuttle the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project by...

By Staff reporter | Published: 11 October 2019

POLITICS

Mnangagwa's advisors accused of leaking information

A RECENT report in the Daily News on the deliberations of and the goings-on within the Presidential Advisory Committee (PAC) caused President Emmerson Mnangagwa, pictured, to blow his gasket in a deve...

By Staff reporter | Published: 10 October 2019

POLITICS

Makandiwa declares national days of prayer

UNITED Family International Church (UFIC) leader Emmanuel Makandiwa has embarked on a series of prayer sessions for three days each week for an indefinite period. The sessions, to be held countrywide ...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Simbisa Brands shifts focus to growing regional operations

Simbisa Brands invested ZWL$18.4 million in the year ended June 30, 19 on expansion and maintenance of its existing counters to a best-in-class standard as it forges ahead to consolidate its share of ...

By Staff reporter | Published: 10 October 2019
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