Government headache over moneychangers
By Blessings Mashaya Finance minister Patrick Chinamasa has blamed the police for failing to arrest unlicensed foreign currency traders saying there was a legal framework in place to curb the vice....
View ArticleBank profits surge as economy dies
By Gift Phiri Zimbabwe’s banks are posting startling profits that are buttressing economists and investors’ belief that revenues from electronic transactions charges were reinvigorating the...
View ArticleZinara managers to face the music
By John Kachembere Zimbabwe National Roads Administration (Zinara) managers, who are accused of siphoning close to $119 million from the parastatal, will have their day of reckoning in the next few...
View ArticleTelOne switches area codes
State-owned telecommunications company, TelOne, is changing all area codes and modifying telephone numbers as the implementation of the $98 million national broadband project nears completion. In a...
View ArticleOneMoney reaches 1million subscribers
The country`s second largest mobile network service provider by subscriber base, NetOne, says up to one million subscribers are now transacting through its OneMoney mobile money platform. Chief...
View ArticleGovernment, Zimplats resolve land row
By Golden Sibanda Zimbabwe’s biggest platinum mining firm, Zimplats Holdings Limited, has agreed to release to Government 27 948 hectares of its unexploited platinum rich land in the Ngezi area,...
View ArticleTinomudaishe Chinyoka: Living in the Past, infecting the future
By Tinomudaishe Chinyoka A long time ago, before mobile phones and WhatsApp changed the way we communicate, before the telephone and radio, humanity communicated in person, needing to physically be in...
View ArticleStanbic sinks $164m into mining for working capital
STANBIC Bank Zimbabwe has invested $164 million over the past 12 months in funding the working capital requirements of the mining industry. BY BUSINESS REPORTER Speaking at the Chamber of Mines...
View ArticleZimbabwe’s Parliament Wants Investigations Into Diamond Operations to...
Zimbabwe’s Parliament wants investigations into diamond mining operations to be continued after the July 30 elections and the return of former concession holders, including the Chinese to the Marange...
View ArticleZimbabwe Opposition Lampoon Foreigners Ahead of Elections
By Mercy Mujuru Harare — The leader of Zimbabwe’s main opposition party has courted controversy ahead of the general elections by saying foreign nationals should do menial jobs while indigenous...
View ArticleCommand Agric Not Permanent – Shiri
By Tawanda Musarurwa Zimbabwe’s successful agro-import substitution programme, Command Agriculture, will not be a permanent feature and will be phased out once Government is convinced farmers can now...
View ArticlePresident Launches $12 Million Davipel Plants
By Farirai Machivenyika President Mnangagwa yesterday officially opened Davipel Group of Companies, an indigenous agro-processing company in Sunway City Industrial Park, Harare. The company consists of...
View ArticleInspector rules out cracks at Kurima house
By Helen Kadirire An inspector who probed a reported crack in the wall of the Zimbabwe Revenue Authority (Zimra) head office extension at Kurima House has ruled out structural problems, a spokesperson...
View ArticleEdgars to lay off 90 workers
By Andile Tshuma Panic has gripped workers at Edgars Stores Limited after their employer reportedly indicated plans to lay off about 90 of them in Bulawayo as part of a restructuring exercise....
View ArticleGold steady
LONDON. — Gold was barely changed yesterday, as investors were uncertain whether the US central bank would signal a tighter future monetary policy at a meeting this week that is expected to boost...
View ArticleOil prices fall
LONDON. — Oil prices fell yesterday, pulled down by rising Russian production and the highest US drilling activity in more than three years. Analysts expect higher US output to offset supply curbs by...
View ArticleIDBZ raises $26m for housing
The Infrastructure Development Bank of Zimbabwe (IDBZ) raised $26,6 million in 2017 for housing projects across the country, as it pressed ahead with its mandate of infrastructure financing. This comes...
View ArticleRand sell-off intensifies
The sell-off in the rand and emerging market (EM) currencies intensified amid concerns that EMs will be faced with higher US borrowing costs, Mehul Daya and Walter de Wet of Nedbank’s Corporate and...
View ArticleTokyo starts 2018 as world’s most traded real estate market
Tokyo overtook London as the world’s busiest real estate market in the first quarter of 2018, with mega-deals and an unusually positive economic outlook driving demand. Investment volumes in the...
View ArticleMoyo headlines property forum
Africa Moyo Property Reporter LOCAL Government, Public Works and National Housing Minister, July Moyo is expected to headline the ZimReal Property Investment Conference, which roars to life in Harare...
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