BUSINESS NEWS

Zimbabwe still awaits mega deals

LOCALLY, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades.Abroad, investors are, for the first time in decades, considering Zimbabwe as an inves...

By Staff reporter | Published: 30 September 2018

OPINION

How Mugabe pillaged the DRC and destroyed Zimbabwe

ZIMBABWE'S former President, Robert Mugabe, in the August of 1998 sent about 11,000 troops, armoured vehicles and combat aircraft to the Democratic Republic of Congo.There was much discontent back hom...

By africanexponent.com | Published: 30 September 2018

ECONOMC INDICATORS

Zimbabwe inflation rate is currently 69,9%, says US economist

RENOWNED United States economist Steve Hanke says Zimbabwe's annual inflation rate is 69,9%, much higher than the official figure of 4,83%."At present, Zimbabwe's annual inflation rate, by my measure,...

By staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimbabwe's $800m forex reserve gap

Zimbabwe requires a foreign currency cover of US$1 billion, against current reserves of US$200 million and needs to further increase production to narrow the gap, an official has said.Ms Jesimen Chipi...

By Staff reporter | Published: 30 September 2018

POLITICS

Govt talks tough on Air Zimbabwe

GOVERNMENT says the time for parastatals such as Air Zimbabwe to be perennially carrying begging bowls seeking funds from Treasury when they have idle assets, is over.Deputy Minister of Transport and ...

By Staff reporter | Published: 30 September 2018

POLITICS

Zimbabwe road upgrades gather pace

THE modernisation of major roads, particularly the much-talked about Harare-Beitbridge highway, is gathering pace after Government officials met Anhui Foreign Economic Construction Corporation (AFECC)...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Zimbabwe Airways scandal sucks in Mugabe,Chikore, Gumbo

THE Zimbabwe Anti-Corruption Commission (Zacc) has launched an investigation into the controversial Zimbabwe Airways (ZimAirways) deal in a probe that has sucked in former president Robert Mugabe's so...

By Staff reporter | Published: 21 September 2018

POLITICS

12 Zimbabweans face the gallows in China

Twelve Zimbabweans, one man and 11 women face the death sentence in China unless President Emmerson Mnangagwa's government moves with speed to operationalise a prisoners' exchange programme with the A...

By Staff reporter | Published: 21 September 2018

EDUCATION

Zimbabwean scientist wins Cambridge scholarship

Zimbabwean scientist Sandile Mtetwa is one of the 92 new scholars selected by the Gates Cambridge Trust to study a PhD at the prestigious Cambridge University in the United Kingdom.According to the Tr...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Zimbabweans want US or Zim dollar only, not SA Rand

THE majority of Zimbabweans would be happy to adopt the United States dollar or the Zimbabwe dollar as only currency and are adverse to the use of bond notes, according to a recent public opinion surv...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

IMF offers to help Zimbabwe clear arrears

THE International Monetary Fund (IMF) yesterday said it was ready to help Zimbabwe craft a debt clearance strategy anchored on fundamental economic reforms. This comes after outgoing British Ambassado...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Zimbabwe to tighten import control regulations

GOVERNMENT is working on a number of pieces of legislation meant to monitor imports so as to protect citizens from substandard goods. Director for quality assurance in the Ministry of Industry and Com...

By Staff reporter | Published: 17 September 2018

POLITICS

Construction of new Zimbabwe Parly to start soon

Construction of the new Parliament Building in Mt Hampden is expected to commence soon after China identified a contractor, Speaker of the National Assembly Advocate Jacob Mudenda has said. Adv Mudend...

By Staff reporter | Published: 17 September 2018

BUSINESS NEWS

Confusion over $2bn loan from China to Zimbabwe

AFTER its desperate quest for a critical US$2,5 billion bailout package from China hit a snag last week, government has somersaulted and now claims it did not request any such money.Ministry of Financ...

By Staff reporter | Published: 14 September 2018

FINANCIAL SERVICES

Nedbank Zimbabwe boasts high depositor confidence

NEDBANK Zimbabwe is one of the country's top banks with an impressive cost of funds ratio of less than 1%, which reflects a high level of confidence in attracting deposits.The bank rebranded from MBCA...

By Staff reporter | Published: 14 September 2018

POLITICS

Zim to splash over $20m on top-of-the range vehicles for MPS

Treasury is set to splash over $20 million on top-of-the range vehicles for Members of Parliament and Senators in the ninth Parliament.This is at a time when government is struggling to mobilise resou...

By Staff reporter | Published: 14 September 2018

INDUSTRIALS & ENERGY

Zimbabwean power imports down 50%

Zimbabwe's power imports declined by almost 50 percent during the second quarter of the year after the country's power utility increased generation at Kariba plant. Zesa Holdings increased output at K...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Zimbabwe govt pledges support for largest gold miner

GOVERNMENT has made a commitment to provide the necessary facilitation to Zimbabwe's largest gold producer, Metallon Corporation, whose operations are being hampered by foreign currency shortages. The...

By Staff reporter | Published: 13 September 2018

BUSINESS NEWS

Bread shortages hit Zimbabwe

Bread supplies have declined drastically giving rise to shortages as bakers grapple with bottlenecks in the availability of flour. A survey showed that some retail outlets were running out of bread, a...

By Staff reporter | Published: 13 September 2018

MINING & RETAIL

Tharisa plan next move as Zimbabwe opens doors again

PLATINUM group metal (PGM) and chrome miner, Tharisa, is taking a low-risk approach to a high-risk country with the investments into Zimbabwe, it has announced this year.For almost 30 years, Zimbabwe ...

By miningmx.com | Published: 13 September 2018

BUSINESS NEWS

Buy products and pay your Zimbabwe bills from SA with new app

Zimbabweans living and working in South Africa have received a shot in the arm with the launch of free mobile transacting and basic insurance services, AMA.ZING Diaspora. The mobile solution developed...

By Staff reporter | Published: 12 September 2018

CONSTRUCTION & PROPERTY

Rising cement demand positive for Zimbabwe's economy, says Lafarge

LAFARGE Cement Zimbabwe says the recent spike in demand for cement, which resulted in a supply backlog on the market, is a positive signal of economic growth. In a statement, the firm allayed public f...

By Staff reporter | Published: 12 September 2018

OPINION

Financial illiteracy is our biggest enemy in Zimbabwe

I found a very interesting letter in one of my old books that I last read in 2004. It is a letter that I received from Barclays Bank (Zimbabwe), offering me a Z$1 million overdraft facility. Three yea...

By Hopewell Chin'ono | Published: 12 September 2018

BUSINESS NEWS

Zimbabwe gets new IMF representative

THE International Monetary Fund has a new resident representative in Zimbabwe, Patrick Amir Imam. Mr Imam, who prior to his posting to Zimbabwe was IMF representative for Madagascar, takes over from M...

By Staff reporter | Published: 12 September 2018

OPINION

Zimbabwe's new Cabinet: A patronage, merit alchemy?

ZIMBABWEAN President Emmerson Mnangagwa, following a disputed narrow victory in July which had to be validated by the Constitutional Court in August, appointed a new Cabinet on Friday, September 7.Thi...

By Washington Katema | Published: 11 September 2018
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