AFRICA BUSINESS

Money, politics put world's biggest climate deal at risk

When Indonesia agreed last year to clean up its energy system with an estimated US$20 billion of help from a coalition of wealthy countries and large financial institutions, world leaders hailed the d...

By Bloomberg | Published: 12 September 2023

BUSINESS NEWS

Zimbabwe has the highest inflation rate in the world

Annual inflation in Zimbabwe was 300 percent in August, according to new data released by the International Monetary Fund (IMF). At that level, the troubled southern African nation's inflation rate is...

By Staff reporter | Published: 27 September 2019

INDUSTRIALS & ENERGY

Autoworld Zimbabwe launches new Isuzu

MOTOR vehicle dealer, Autoworld Zimbabwe, yesterday launched a new Isuzu D-MAX vehicle in Bulawayo and targets to sell about 500 units by the end of the year. The vehicle was launched at the ongoing Z...

By Staff reporter | Published: 24 April 2019

FINANCIAL SERVICES

WorldRemit launches money transfer service from SA to Zimbabwe

Leading digital money transfer service WorldRemit has launched low-cost online money transfers from South Africa to Zimbabwe.Using the WorldRemit app or website, Zimbabweans living in South Africa can...

By Staff reporter | Published: 31 January 2019

POLITICS

Mnangagwa gets World Bank support

THE World Bank will support Zimbabwe's economic recovery and international debt clearance efforts, a senior official of the multilateral lender has said. Yesterday, World Bank vice-president for Afric...

By Staff reporter | Published: 27 September 2018

POLITICS

World Bank optimistic on Mnangagwa's new Cabinet

Bretton Woods institution, the World Bank says work outlined by the new Cabinet should determine the flow of foreign direct investment (FDI) into the country, as investors are increasingly warming up ...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Zim's bold economic statement to the world

Restarting and restructuring the economy has been a priority since November last year.The agricultural and mining sectors, the country's largest foreign currency earners, have largely taken the lead i...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

Zimbabwe exempts World Vision from tax

Government has waived income tax for expatriate staff of World Vision Zimbabwe (WVZ) and projects financed by the United States (US) government.This follows provisions provided for under Statutory Ins...

By Staff reporter | Published: 02 July 2018

TELECOMS & TECHNOLOGY

World Cup boosts Kwese iflix service

The Fifa 2018 World Cup tournament has been a boon for the uptake of Kwesé iflix, Econet Media's recently launched video-on-demand service, which offers top sports and entertainment content on mobile...

By Staff reporter | Published: 25 June 2018

ZIMBABWE

World Bank finalises funding for Zimbabwe

The World Bank is concluding funding requirements for Zimbabwe as part of processes to start lending to the southern African country, Finance and Economic Planning Minister Patrick Chinamasa has said....

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

World Bank revises Zim's growth rate upwards

World bank has revised Zimbabwe's gross domestic product (GDP) growth rate upwards for the second time this year. Zimbabwe GDP is now expected to grow by 2.7% from a projection of 1.8% in January. How...

By Ngoni Shenjere | Published: 06 June 2018

SOCCER

Chamisa promises to bring World Cup to Zimbabwe

MDC Alliance leader, Mr Nelson Chamisa says Zimbabwe will host the Olympic Games and the World Cup finals if he is elected into office during next month's harmonised elections.Mr Chamisa told the MDC ...

By Staff reporter | Published: 05 June 2018

NMB Bank partners World Remit, Small World

NMB Bank has partnered with global money transfer agents World Remit and Small World Financial Services to provide further options for Zimbabweans wanting to receive money from other countries.The ban...

By Staff reporter | Published: 01 June 2018

BUSINESS NEWS

Zim officials engage World Bank, IMF

The Minister of Foreign Affairs and International Trade, Dr Sibusiso Moyo together with the Reserve Bank of Zimbabwe governor, Dr John Mangudya are in New York interfacing with officials from the wor...

By Staff reporter | Published: 17 April 2018

TRANSPORT & TOURISM

Vic Falls among world's top 13 holiday destinations

UNITED States-based Business Insider has endorsed the Victoria Falls as the only African place to travel this month.Out of the 13 best travel places in the world for April 2018, Victoria Falls was giv...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

World's largest construction firm to set up shop in Zim

The world's largest infrastructure development company, China Communications Construction Company (CCCC), will soon set up a regional office in Zimbabwe at the invitation of President Emmerson Mnangag...

By Staff reporter | Published: 03 April 2018

BUSINESS NEWS

Zim ready to clear $1,2bn World Bank arrears

Zimbabwe has secured $1,2 billion needed to clear World Bank arrears with Finance and Economic Planning Minister Patrick Chinamasa saying the transaction will be completed once the Washington-headquar...

By Staff reporter | Published: 29 March 2018

BUSINESS NEWS

Zim aims to 'power the world's electric cars'

Zimbabwe's mining minister has said the country has the capacity to boost its lithium supply, CNBC Africa reports.Winston Chitando told a mining investment conference in the capital, Harare, the coun...

By BBc | Published: 28 February 2018

CAREERS

United World College Scholarships

United World College ScholarshipsDeadline: 2 March 2018UWC Zimbabwe is accepting applications for places at United World College schools for entry in September 2018 and January 2019 (Waterford). This ...

By United World College | Published: 13 February 2018

TELECOMS & TECHNOLOGY

World's leading digital firms keen to invest in Zim

SOME of the world's top digital companies have shown interest in investing in Zimbabwe's Information Communication Technology (ICT) sector as the country continues to open its doors for business.A num...

By Staff reporter | Published: 09 February 2018

BUSINESS NEWS

Zim has world's second largest informal economy

Zimbabwe has the second largest informal economy as a percentage of its total economy in the world, after Bolivia, the International Monetary Fund has said. In a working paper titled, "Shadow Economie...

By Staff reporter | Published: 29 January 2018

BUSINESS NEWS

Mnangagwa meets heads of World finance institutions

President Emmerson Mnangagwa yesterday held high level meetings with top officials from the world's top multilateral financial institutions on the sidelines of the 48th World Economic Forum in Davos, ...

By Staff reporter | Published: 26 January 2018

ZIMBABWE

Zimbabwe strikes World Bank deal

Zimbabwe is on the verge of breakthrough to start receiving concessionary finding support from the World Bank for the first time in nearly two decades after the Bretton Woods institution agreed to eng...

By Staff reporter | Published: 26 January 2018

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: 19 January 2018

BUSINESS NEWS

World Bank projects lower Zimbabwe GDP growth

The World Bank anticipates that Zimbabwe's economic growth this year will grow by 0,1 percent.This is significantly lower than the 4,5 percent that was projected by Finance and Economic Development Mi...

By Staff reporter | Published: 10 January 2018
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