Employ Hwange Locals, ED Tells Zpc
By Africa Moyo President Mnangagwa has directed the Zimbabwe Power Company (ZPC), which is set to start the expansion of Hwange Thermal Power Station, to employ Hwange residents so as to improve their...
View ArticleGovt Secures $60m Loan Facility for Small-Scale Gold Miners
By Munyaradzi Musiiwa Government has secured a $60 million loan facility for small-scale gold miners to bolster gold output, Mines and Mining Development Minister Wiston Chitando has said. In a...
View ArticleZim Intensifies Re-Engagement Efforts
President Mnangagwa has dispatched two special envoys to the Netherlands and Germany as Harare intensifies its re-engagement agenda, a Cabinet Minister has said. The emphasis on re-engagement has been...
View ArticleNicoz Minorities Approve Buy Out
By Golden Sibanda Shareholders of Zimbawbe Stock Exchange (ZSE) listed short-term insurer NicozDiamond Insurance Limited (NDIL) have approved a proposal for a scheme of arrangement which will see First...
View ArticleZinwa Sues Chihuri
By Daniel Nemukuyu Former Police Commissioner-General Dr Augustine Chihuri has been taken to the High Court for failing to pay a water bill amounting to $44 984. Dr Chihuri consumed water at his Inyika...
View ArticleNts Recovers, Back in Black
By Enacy Mapakame National Tyre Services Limited (NTS) profit for the year to March 30, 2018 jumped 175 percent to $117 851 from a loss position of $153 919. NTS attributed the growth to the company’s...
View ArticleIdbz Commissions Southern Region Office
By Oliver Kazunga The Infrastructure Development Bank of Zimbabwe (IDBZ) yesterday officially commissioned its Southern Region office in Bulawayo, positioning itself to adequately steer infrastructure...
View ArticleAmid cutback on fees, brokers optimistic on C-Trade
THE new mobile and online trading platform, C-Trade, will reduce profits for stockbrokers as trading fees for shares listed on the main bourse made through it will be negotiable. TATIRA ZWINOIRA The...
View ArticleGerman chemical firm eyes Zim
LANXESS, a German-based company specialising in manufacturing chemical products, says it is setting its sights on Zimbabwe with a view to find market for its products. BY FIDELITY MHLANGA IN BERLIN,...
View ArticleGovt ends Air Zim domestic monopoly
The government has granted low-cost airline FlyAfrica permission to fly the lucrative Harare-Bulawayo route when it resumes operating within 90 days, ending the monopoly that was enjoyed by struggling...
View ArticleWage growth ‘missing in action’
The weak wage growth that’s characterised global labour markets since the financial crisis has hit poorer workers most, compounding inequalities and fuelling dissatisfaction, according to the OECD. The...
View ArticleGiving Farmers Room to Export
By Leroy Dzenga Fredrick Toendepi is not an ordinary 25-year-old. He is a young person who believes in taking an active part in serious economic activities, especially in agriculture. At his age, he...
View ArticleMillers turn to NGOs for rescue package
Local millers have turned to international non-governmental organisations (NGOs) to secure $100 million required for the importation of rice, wheat and other grains amid a worsening foreign currency...
View ArticleRBZ secures $1,3bn offshore loans for industry
THE Reserve Bank of Zimbabwe (RBZ) has managed to secure $1,3 billion offshore loans through the African Export-Import Bank (Afreximbank) and Trafigura to support production and promote exports, an...
View ArticleRBZ secures $1,3bn offshore loans for industry
THE Reserve Bank of Zimbabwe (RBZ) has managed to secure $1,3 billion offshore loans through the African Export-Import Bank (Afreximbank) and Trafigura to support production and promote exports, an...
View ArticleCanning industry set for rebound
The canning industry in Zimbabwe is set for a rebound after the introduction of demand-driven bean cultivar needed for production of canned beans, an official has said. BY FREEMAN MAKOPA Department of...
View ArticleBanks to prioritise importers over depositors
BANKERS Association of Zimbabwe (BAZ) vice-president Benefit Washaya says banks were still to decide whether they should continue importing cash to distribute to the depositors considering that the...
View ArticleRBZ embraces blockchain tech
THE Reserve Bank of Zimbabwe (RBZ) has put into motion studies to investigate blockchain technology as it is a new developing global innovation. BY TATIRA ZWINOIRA RBZ governor John Mangudya told...
View ArticleOld Mutual’s centre to jumpstart informal sector
ZIMBABWE Stock Exchange-listed financial services group, Old Mutual, says its $21,4 million state-of-the-art small to medium enterprises (SMEs) Eastgate Market in Harare would be opened next month. BY...
View ArticleJaguar Land Rover boss: Brexit threatens £80bn UK investment
Jaguar Land Rover has warned that a “bad” Brexit deal would hit its profits and threaten its £80bn investment plans. The UK’s biggest carmaker, owned by India’s Tata Motors, said its “heart and soul is...
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