TELECOMS & TECHNOLOGY

Telecoms sector posts revenue growth

Zimbabwe's telecommunications sector registered growth in revenues for the quarter ending June 30, 2019, mainly on the back of upward tariff reviews as economic headwinds persisted. The sector, like a...

By Staff reporter | Published: 07 October 2019

INDUSTRIALS & ENERGY

Currency reforms expected to stabilise fuel sector

THE re-introduction of the Zimbabwean dollar is expected to bring stability to the fuel sector as Government tightens fiscal and monetary policies to ease pressure on foreign currency demand, National...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Power cuts cripple informal sector

THE incessant power cuts being experienced across the country have hit the informal sector hardest with players now spending long hours or days without production. The power utility, Zesa, is implemen...

By Staff reporter | Published: 09 July 2019

MINING & RETAIL

New dawn in chrome sector

Zimbabwe is targeting exponential growth in the production of ferrochrome and will leverage this on the International Chrome Development Association (ICDA) conference starting today until Thursday thi...

By Staff reporter | Published: 05 May 2019

BUSINESS NEWS

'Private sector frustrates interbank system'

INDUSTRY and Commerce Minister Mangaliso Ndlovu has blamed the private sector for frustrating the success of the interbank foreign currency market by shifting goal posts and blaming Government for the...

By Staff reporter | Published: 30 April 2019

CONSTRUCTION & PROPERTY

Currency crisis hits real estate sector

Zimbabwe's real estate sector is under immense pressure to review rentals in response to the country's deteriorating economy, which has resulted in rising operating costs, defaults and voids.First Mut...

By Staff reporter | Published: 28 April 2019

TRANSPORT & TOURISM

Zimbabwe tourism sector counts losses in the wake of protests

ZIMBABWE'S tourism industry stakeholders say the three-day shutdown that brought business to a standstill severely affected the sector, especially in terms of booking cancellations.The shutdown, which...

By Staff reporter | Published: 20 January 2019

MINING & RETAIL

Mining sector to meet Chitando over forex allocation

MINE workers and the Chamber of Mines have agreed to approach the government and table a request for the sector to get at least 80% of their foreign currency earnings, businessdigest has learnt.This c...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Chiwenga's statement on the ongoing industrial action in the Health Sector

Following a series of meetings involving striking Health Workers and their employer, the Health Services Board, Government is gravely concerned that the situation in our country continues to deteriora...

By Staff reporter | Published: 02 January 2019

TRANSPORT & TOURISM

Zimbabwe tourism sector grosses $1 billion

Considerable dividends have begun to accrue to Zimbabwe as Government and the private sector continue to ratchet up efforts to promote Zimbabwe as a safe destination. The tourism sector has since gros...

By Staff reporter | Published: 30 December 2018

TELECOMS & TECHNOLOGY

Telecoms sector posts 9,2% profit

Zimbabwe's postal and telecommunications sector registered a 9,2 percent revenue growth in the third quarter to September, 2018 on the back on increased usage of data and internet. In its Postal Telec...

By Staff reporter | Published: 21 December 2018

TELECOMS & TECHNOLOGY

Zimbabwe telecoms sector on growth path, revenues exceed $1billion

Zimbabwe's telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country's gross domestic product (GDP) in 2017, the industry regulator has said.Postal and Telecommuni...

By Staff reporter | Published: 03 December 2018

BUSINESS NEWS

Mthuli Ncube boost for insurance sector

FINANCE Minister Mthuli Ncube says government has reviewed upwards the minimum prescribed asset thresholds for the insurance and pension industry which were introduced in 2010 in order to improve reso...

By Zim Ind | Published: 30 November 2018

BUSINESS NEWS

Micro-finance sector posts strong performance

THE microfinance credit-only sector has posted a strong financial performance for the first nine months of the year despite operating under a challenging environment, according to Zimbabwe Association...

By Staff reporter | Published: 26 November 2018

POLITICS

Mnangagwa starts public service sector reforms

GOVERNMENT has started the process of reforming the public service with a view to streamlining it in line with the Second Republic transformation agenda. This was said by the Chief Secretary to the Pr...

By Staff reporter | Published: 23 November 2018

LANDS & AGRICULTURE

Agro sector gets 15% salary raise

Workers in the agro sector - those who process agricultural produce - have been awarded a 15 percent wage increase. The National Employment Council for agricultural industry of Zimbabwe chief executiv...

By Staff reporter | Published: 22 November 2018

MINING & RETAIL

Govt to improve diamond sector governance

MINES minister Winston Chitando says the national diamond policy, which is expected to improve the governance of the sector, is now "imminent".The policy will be launched by President Emmerson Mnangag...

By Staff reporter | Published: 21 September 2018

INDUSTRIALS & ENERGY

Chinese firms tighten grip on energy sector

INCREASINGLY, Chinese companies are eyeing Zimbabwe's opportunity-packed energy sector with great interest, and those that have been able to get tenders have remarkably excelled.In 2015, for instance,...

By Staff reporter | Published: 20 July 2018

TRANSPORT & TOURISM

Peace dividend boosts tourism sector

THE Zimbabwe Tourism Authority (ZTA) says the peaceful environment prevailing in Zimbabwe should continue beyond the election period to consolidate the positive trajectory being experienced in the tou...

By Staff reporter | Published: 16 July 2018

TRANSPORT & TOURISM

Govt keen to support aviation sector

Government says it is committed to supporting the aviation industry given its critical role in national development. This was said yesterday by the director of aviation and rail, Mr Allowance Sango du...

By Staff reporter | Published: 10 July 2018

BUSINESS NEWS

Bulawayo ranks industrial sectors for SEZs

THE Bulawayo Special Economic Zones (SEZs) technical working group has recommended a schedule of industrial sector rankings for implementation consideration by the Zimbabwe SEZs Authority.Mining and e...

By Staff reporter | Published: 09 July 2018

Zim's coffee sector collapses

GOVERNMENT is working on a plan to rebuild the coffee sector after output plummeted from almost 15 000 metric tonnes (mt) in 1989 to less than 200 mt in the past few years.According to a paper titled ...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Old Mutual's centre to jumpstart informal sector

ZIMBABWE Stock Exchange-listed financial services group, Old Mutual, says its $21,4 million state-of-the-art small to medium enterprises (SMEs) Eastgate Market in Harare would be opened next month.Spe...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

Medical aid firm targets informal sector

FAST-growing Gweru-based medical aid company, Zimbabwe General Medical Aid Fund (ZG Medical) has begun tapping into the country's vast jobless market, which is usually neglected by most insurance and...

By Staff reporter | Published: 05 July 2018

CONSTRUCTION & PROPERTY

Strike looms in construction sector

A crippling strike is looming in the construction sector over failure by employers to increase salaries by three percent.This follows a March 27 agreement whereby the employers made an undertaking to ...

By Staff reporter | Published: 04 July 2018
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