ASIA PACIFIC

Oil price resurgence has further to run

When crude surges above US$90 a barrel and the leaders of Saudi Arabia and Russia get on the phone to congratulate each other on a job well done, oil consumers should take note.After half a year in th...

INDUSTRIALS & ENERGY

Cooking oil industry engages RBZ

The cooking oil industry has engaged the Reserve Bank of Zimbabwe (RBZ) to review the weekly allocation of US$500 000 per member at a time when the edible price has more than doubled due to opening up...

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and ca...

POLITICS

MDC Bulawayo province in turmoil

MDC cadres who lost the provincial elections about a fortnight ago are pushing for the nullification of the poll result, the Daily News can report. In a letter to the party's national executive, the l...

INDUSTRIALS & ENERGY

Cooking oil shortages loom

Zimbabwe will experience serious cooking oil shortages in the coming weeks as foreign currency shortages have affected the importation of crude oil, leaving oil expresses producing a fifth of the 9 mi...

FINANCIAL SERVICES

Economic turmoil threatens ZB topline

ZB Holdings sees its topline earnings growing 20% in the current financial year but warned this could be affected by the current economic turmoil that has seen cost structures shoot through the roof, ...

BUSINESS NEWS

Zimbabwe looking at introducing local crude oil refinery

Zimbabwe should seriously consider establishing a local crude oil refinery as a way of cutting the ballooning fuel bill, according to the Zimbabwe Energy Regulatory Authority (Zera).Zimbabwe's fuel co...

POLITICS

Zanu-PF in turmoil

THE majority of Zanu-PF leaders in Masvingo snubbed the Chiredzi West victory celebrations held at Chishamiso Stadium in Hippo Valley on Saturday amid indications that they could have stayed away due ...

BUSINESS NEWS

Turmoil rocks collective bargaining

COLLECTIVE bargaining in 2019 will be dampened by the persisting currency volatility crisis which has unnerved the market.Finance minister Mthuli Ncube pronounced in the 2019 National Budget that the ...

POLITICS

Chamisa, Biti push for talks to end economic turmoil

Opposition leader Nelson Chamisa and one of his key lieutenants, MDC national vice chairperson Tendai Biti, have called for political dialogue with President Emmerson Mnangagwa to end the country's ec...

OPINION

MDC-Alliance spoiling for fight they can't win

THE threats to the Zimbabwe Electoral Commission (ZEC) by Nelson Chamisa, leader of the MDC-Alliance are indeed unfortunate. They are a futile attempt by a player to influence the outcome of the elect...

OPINION

Of dark horses, spoilers and kingmakers

In last week's instalment, I analysed the chances of President Emmerson Mnangagwa and MDC-T and MDC Alliance presidential candidate Nelson Chamisa's prospects in the July 30 presidential race.Today, I...

POLITICS

Minister's aide embroiled in Beatrice farm row

A Chitungwiza man has dragged a senior civil servant who works in the office of Deputy Minister of Lands, Agriculture and Rural Resettlement Davison Marapira for allegedly settling on his Beatrice plo...

POLITICS

Mohadi, Choeni rivalry boils over at funeral

THE political enmity between Zanu PF Matabeleland South provincial chairperson Rabelani Choeni and Vice-President Kembo Mohadi's estranged wife, Tambudzani, rose to new levels at the weekend with Choe...

POLITICS

Shiri's name soiled by fraudsters

The ministry of Lands, Agriculture and Rural Resettlement has launched a manhunt for fraudsters who are abusing the name of its principal officer, retired chief air marshal Perrance Shiri, to fleece d...

POLITICS

MDC-T plunges into turmoil

The MDC-T in Masvingo has been plunged deeper into turmoil over allegations of rampant imposition of candidates in the just-ended primary elections to choose the party's parliamentary and council cand...

INDUSTRIALS & ENERGY

Govt, cooking oil firms in talks

Oil processing companies are in negotiations with Government for them to buy soya beans at import parity price of $400 per tonne in a bid to maintain the price of cooking oil and other related product...

BUSINESS NEWS

Command Broiler starts bearing fruit

Poultry farmers who benefited under the Government's Command Broiler Programme in Goromonzi have started delivering their birds to Kudu Creek Abattoir for processing.The birds are coming mostly from v...

INDUSTRIALS & ENERGY

Oil hits high

Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned U.S. sanctions against Iran that are likely to restrict crude oil exports from one of the biggest producers in the Mi...

MIDDLE EAST

Oil boils over $70 a barrel

US oil rose above $70 a barrel for the first time since November 2014 as traders braced for a re-imposition of US sanctions on Middle East crude producer Iran.Futures in New York and London jumped as ...

BUSINESS NEWS

Zimra foils $2m fraud

The Zimbabwe Revenue Authority has sent nine officials from its finance department on forced leave to pave way for investigations into an attempt to siphon nearly US$2 million from the tax man's fisca...

OPINION

Workers now toil under the jackboot

EXCITEMENT gripped Tapiwa Chitoro (a nurse but not his real name) when he graduated as a nurse 10 years ago. Just like the many colleagues he graduated with, he hoped to fully abide by the nurses' ple...

POLITICS

Mugabe allies vow to spoil the meal for Mnangagwa

Former president Robert Mugabe's allies have started coming out of their shells to challenge his successor Emmerson Mnangagwa in a move that is likely to stoke tension between the two Zanu-PF gladiato...

BUSINESS NEWS

Forex shortages weigh down oil expressers

THE cooking oil industry is operating at between 30% and 40% capacity, weighed down by the shortage of foreign currency to import key raw materials, an official has said.Oil Expressers Association of ...

BUSINESS NEWS

Cooking oil producers to cut import bill

Cooking oil producers are looking at reducing their import bill by 30% from the current US$300 million annually through imports substitution, businessdigest has learnt.This comes as the nation is suff...