CHiNT to proceed with Gwanda solar
Business Reporter CHINESE electrical engineering giant, CHiNT Electric has reaffirmed its commitment to proceed with the implementation of the 100 megawatt Gwanda solar farm project, asserting the...
View ArticleZimnat to host trade credit insurance conference
BY BUSINESS REPORTER In a statement yesterday, Zimnat official, Stanley Mazorodze said the conference would promote the understanding of trade credit insurance and the critical role it can play in...
View ArticleGlobal business principles – local nuances
By CHARLES DHEWA It is not yet clear whether an African business student will also come back home and conduct business the African way. While business principles may remain the same across the globe,...
View ArticleRBZ should prioritise forex allocation
By MTHANDAZO NYONI So dire is the situation that some have gone for more than a year without receiving their forex allocation. Zimbabwe is facing severe forex challenges owing to low production levels,...
View ArticleGolix stop clients from trading cryptocurrency
BY TATIRA ZWINOIRA In a statement to their clients yesterday, Golix said they had engaged banks to allow them to reimburse their clients. “Please do not make any deposits into Golix until we have...
View Article‘Upsurge in mobile money fraud’
BY TATIRA ZWINOIRA In an emailed statement to NewsDay on Monday, ZICT chairman, Jacob Mutisi warned that there could be an upsurge in mobile money fraud. “Our worry, as ZICT, is [that] there is the...
View ArticleCommand Agriculture Abusers Cannot Be Jailed
Government cannot institute criminal proceedings against farmers who misuse agricultural inputs and produce under the Command Agriculture scheme, as the contracts between the two parties are of a civil...
View ArticleBank Cash, Embrace Plastic Money
Over the past few months we have carried stories of maids nabbed and arraigned before the courts after helping themselves to stashes of money kept by their employers within households. These cases are...
View ArticleInvestors inundate ZMDC over 6 mines
Ishemunyoro Chingwere Business Reporter At least 151 investors have formerly expressed interest to invest in six mines owned by the Zimbabwe Mining Development Corporation (ZMDC) after the state...
View ArticleHwange begins $1bn draw-down
Livingstone Marufu Business Reporter The Zimbabwe Power Company (ZPC) yesterday started drawing down on the $1 billion facility extended by the Chinese Government through China Export Import Bank meant...
View ArticleLocal engineers should be engaged
By Tatira Zwinoira As such, ZIE are hosting an inaugural conference sometime next month in Victoria Falls meant at having dialogue with policymakers on the advantages of having local participation of...
View ArticleChitando appoints new boards for parastatals
BY TINOTENDA MUNYUKWI “I have the pleasure to announce the two boards, the other being announced in the next couple of days. “The President (Emmerson Mnangagwa) has talked about Zimbabwe being a middle...
View ArticleInnscor snaps up News Café and Ocean Basket
Innscor Africa has snapped up News Café and Ocean Basket franchises from investor and restauranteur Shingi Munyeza. By Melody Chikono Munyeza told businessdigest Tuesday that he had sealed a deal with...
View ArticleDavipel to commission US$8 million plant
DIVERSIFIED local manufacturer Davipel Holdings is set to commission an US$8 million milling plant which will see it significantly cutting down on its import costs as it aims to scale up investment in...
View ArticleAxe looms over Zimra boss
Zimbabwe Revenue Authority (Zimra) board chairperson William Bonyongwe’s stay at the tax collector could be coming to an end amid indications government is unlikely to renew her contract when it...
View ArticleZimbabwe trade deficit widens
ZIMBABWE’S trade deficit for the first four months of 2018 stood at US$998,8 million which is far higher than the same period last year when it was US$603,1 million, according to statistics released...
View ArticleEconet rings up 266% profit
BY TATIRA ZWINOIRA The rise in profit is from $36,18 million recorded in the comparative period last year. In a statement accompanying the results for the financial year ending February 2018, EWZL...
View ArticleRBZ secures $1,19 billion worth of liquidity facilities
BY TATIRA ZWINOIRA In a presentation to Parliament on Monday, RBZ governor, John Mangudya said they had put these facilities in place to improve the forex situation in the country. “The bank’s key...
View ArticleParliament Wants Intratrek’s Gwanda Solar Project Contract Cancelled, Former...
A parliamentary committee has recommended that the $202 million Gwanda Solar Project tender, which was awarded to controversial firm Intratrek Zimbabwe in 2015, be immediately withdrawn and that former...
View ArticleGovt Scuttles Us$68m Byo Investment
Government’s red tape has cost the City of Bulawayo (BCC) an investment worth US$68 million after policy changes scuttled the implementation of a fuel-from-waste project by a United Kingdom-based...
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