TRANSPORT & TOURISM

Air Zimbabwe, SAA tiff resolved

Zimbabwe yesterday cleared all South African Airways (SAA) and British Airways (BA) flights that sought to land in the country following fruitful engagement among the concerned aviation authorities, T...

By Staff reporter | Published: 1 min ago

ECONOMC INDICATORS

Zimbabwe inflation decreases

THE country's year-on-year inflation shed 0.17 percentage points to 0.14 percent in July, figures from the Zimbabwe National Statistics Agency (Zimstat) show.Month-on-month inflation also fell from -0...

By Staff reporter | Published: 17 August 2017

BUSINESS NEWS

'Zimbabwe most hackable country'

ZIMBABWE was listed as the most hackable country in the world out of 183 countries on the back of having many internet protocol (IP) addresses that are still using an outdated protocol leaving firms s...

By Staff reporter | Published: 16 August 2017

LANDS & AGRICULTURE

Zimbabwe milk production up

Milk production for the month of July rose 6,2 percent to 5 810 176 litres compared to 5 471 113 litres in the period a year ago. This is the highest milk production achieved so far as the sector is b...

By Staff reporter | Published: 16 August 2017

LANDS & AGRICULTURE

Zimbabwe to receive $34m irrigation equipment

ZIMBABWE is set to receive irrigation equipment worth more than $34 million under the second phase of the Brazil $98 million More Food For Africa loan facility. The country first received agricultural...

By Staff reporter | Published: 16 August 2017

OPINION

The Zimbabwe dollar

THE year 1980 was a very good year indeed, not only for political reasons, but economic reasons as the Zimbabwe dollar was very strong against major currencies, even way stronger than regional currenc...

By Morris Mpala, MoB Capital Ltd | Published: 16 August 2017

MINING & RETAIL

Spar Zimbabwe sues packaging company

SPAR Zimbabwe is suing a Bulawayo packaging company for $100 000 in damages for allegedly infringing on its trademark rights by using a trademark similar to theirs.Spar Zimbabwe (Pvt) Ltd, which is re...

By Staff reporter | Published: 14 August 2017

TRANSPORT & TOURISM

Fastjet to introduce fifth Zimbabwe route

LOW-cost airline Fastjet will before the end of the year introduce a new route between Harare and Lusaka.In a statement, the airline's spokesperson Ms Faith Chaitezvi said the proposed route, which wi...

By Staff reporter | Published: 14 August 2017

FINANCIAL SERVICES

Zimbabwe cash shortages reach alarming levels

The cash shortages in Zimbabwe have reached alarming levels to an extent where getting money has become so hard and expensive for the poor nationals.The rich and the powerful view the issue of an ordi...

By Stephen Jakes | Published: 11 August 2017

LANDS & AGRICULTURE

Zimbabwe tobacco sales down 7,3%

Zimbabwean farmers sold 184,5 million kg of the nation's top export earner tobacco by day 99 of the selling season, which is 7,3 percent lower compared to 199,1 million kg received in  the prior ...

By Staff reporter | Published: 11 August 2017

ECONOMC INDICATORS

Zimbabwe's 2017 inflation forecast at 2 - 3%

Zimbabwe's inflation is forecast to rise to around two to three percent at the end of this year, before accelerating sharply in 2018 due to election spending.The annual inflation rate, which had been ...

By Staff reporter | Published: 11 August 2017

LANDS & AGRICULTURE

Eggs, day-old chicks shortages hit Zimbabwe

Zimbabwe has been hit by a serious shortage of day-old chicks and, in some cases, table eggs, which could worsen in the coming weeks in the event that the root cause is not addressed.The deficit is du...

By Staff reporter | Published: 11 August 2017

OPINION

How to Invest in the Zimbabwe Capital Market

Zimbabweans work hard for every dollar they make, hustling to make an honest living. "The hustle" also known in Shona as "kukiya-kiya" or "ukuphanda" in SiNdebele, has become the common practice of h...

By zse | Published: 11 August 2017

AFRICA BUSINESS

Zim faces Sadc grilling over import ban

INDUSTRY and Commerce minister Mike Bimha says he will justify the imposition of import restrictions when he meets his Sadc counterparts next week, adding that the affected countries should not cry fo...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Barclays confirms windfall to Zimbabwe workers

Barclays Plc and the Barclays Bank of Zimbabwe board of directors are constituting a board of trustees to superintend the 322 998 026 ordinary shares to be housed under the Employee Share Ownership Tr...

By Staff reporter | Published: 11 August 2017

INDUSTRIALS & ENERGY

Zimbabwe Power Company misses output target

The Zimbabwe Power Company (ZPC) says electricity generated in the second quarter of 2017 was 5 percent below target due to inadequate coal supplies for its thermal power stations and continued water ...

By Staff reporter | Published: 11 August 2017

TELECOMS & TECHNOLOGY

Kwesé TV to compete with DStv in Zimbabwe

GOVERNMENT has licensed telecommunications guru, Strive Masiyiwa's Kwesé TV, a development which will bring competition to MultiChoice's Digital Satellite Television (DStv).NewsDay heard yesterday th...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Old Mutual Zimbabwe revenue grows 175%

Old Mutual Zimbabwe Limited published a robust set of numbers underpinned by a 175% growth in total revenue to $384.9m. Despite Gross Premium Written declining by 2% to $100.8m fees income from asset ...

By Staff reporter | Published: 10 August 2017

FINANCIAL SERVICES

Barclays Zimbabwe posts a strong set of financials

Barclays posted a strong set of financials for H1 17, showing a 2.9x surge in attributable earnings to $9.5m, just shy of FY 16 earnings of $10.8m. NII income was supported by the bank's access to low...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

Zimbabwe tired of rand adoption talk

RESERVE Bank of Zimbabwe governor, John Mangudya, has said Zimbabwe was unlikely to adopt the South African rand because this would create chaos and destabilise the economy.Zimbabwe adopted a multiple...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

Fuel fraud costs Zimbabwe $240m

ZIMBABWE could be losing at least $240 million annually to fuel fraud while globally at least $40 billion is lost to smuggling activities associated with subsidies, tax and price differentials worldwi...

By Staff reporter | Published: 10 August 2017

BUSINESS NEWS

Zimbabwe imports rise 4%

Zimbabwe's imports rose by 4 percent from  $2,07 billion recorded during the first five months of 2016 to US$2,14 billion during the same period in 2017.The main imports are motor vehicles and m...

By Staff reporter | Published: 09 August 2017

BUSINESS NEWS

Zimbabwe warned over expenditure

The government should stop unbudgeted expenditure because it makes domestic borrowing very expensive for local industry and leads to productivity constraints as well as lack of competitiveness, analys...

By Staff reporter | Published: 06 August 2017

SOCCER

Zimbabweans can stream live sports for free

Zimbabweans can now stream sports games live as well as sports commentary on their mobile phones. TechZim reported that Kwese opened up the app to Zimbabweans sometime this week.Econet announced on it...

By Staff reporter | Published: 05 August 2017

FINANCIAL SERVICES

WannaCry virus hit Zimbabwe banks

The government says it has identified two banks which were among several institutions affected by the WannaCry virus global attack from May 12 to 15 that affected a cross section of institutions.Speak...

By Staff reporter | Published: 04 August 2017
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