Chiredzi to implement ease of doing business initiatives
Chiredzi Town Council says they are ready to implement ease of doing business initiatives to attract possible investors in line with government’s call on open for business. Following government’s call...
View ArticleDefiant Chivayo blames ZPC board, engages Mnangagwa
Controversial businessman Wicknell Chivayo says he could have completed the 100 megawatt (MW) Gwanda solar project in eight months had it not been for the Zimbabwe Power Company (ZPC) board’s...
View ArticleZimTrade’s push pays dividends
ZIMTRADE, the country’s export promotion body, has been conducting market surveys in countries around Africa to identify trade and investment opportunities for Zimbabwean products and services. NewsDay...
View ArticleGovt borrowing surges 60% to US$6,2 billion
ZIMBABWE’S domestic credit grew 38,5% on an annual basis to US$10,5 billion in February largely driven by an increase in lending to government, a Treasury report says. By Kuda Chideme During the period...
View ArticleCapital Bank liquidation in limbo
THE liquidation of Capital Bank is yet to proceed four years after its licence was revoked amid concerns over rising costs being accrued against the financial institution to the detriment of its...
View ArticleIpec engages consultant on risk-based capital framework
THE Insurance and Pensions Commission (Ipec) says it has engaged a consultant to put together a risk-based capital framework as it aims to offer improved protection to policyholders. By Melody Chikono...
View ArticleMining companies exempted from paying wage increment
THIRTY mining companies have successfully applied to be exempted from paying the 2018 minimum wage increment amid viability concerns. By Kudzai Kuwaza The Chamber of Mines and the Associated...
View ArticleSakunda plans power exports
SAKUNDA Holdings is in negotiations with the Zimbabwe Regulatory Authority (Zera) and other statutory bodies to export electricity from its 200-megawatt Dema Power Plant to Zambia before year end,...
View ArticleCurrent account deficit to reach 1,8% in 2019
A Fitch Research Company, BMI, sees Zimbabwe’s current account deficit of 0,8% of GDP in 2018 rising to 1,8% in 2019 from 0,8% in 2017 amid the international re-engagement efforts of the new...
View ArticleAgric firm bags awards
FARMEC, a subsidiary of Zimplow, scooped three awards at a recently held Massey Ferguson dealers’ conference in Johannesburg, reflecting its trasnformation as a company. Staff Writer. The company...
View ArticleUnemployed Teachers, Nurses to Get Jobs – VP
Vice President Constantino Chiwenga yesterday said Government has plans to ensure that unemployed teachers and nurses in the country end up getting jobs. Speaking during a well attended Zanu-PF rally...
View ArticleHeifer Programme Spreads to More Provinces
By Abigail Mawonde Government has extended its heifer distribution programme under Command Agriculture to six more provinces, in a move aimed at spreading economic empowerment to a majority of rural...
View ArticleTobacco Deliveries Surpass 220 Million Kg
By Elita Chikwati This year’s flue-cured tobacco deliveries have surpassed 220 million kilogrammes, an increase of 32 percent from volumes sold by farmers during the same period last year. Stakeholders...
View ArticleGovt Takes Over Tsholotsho Stadium Construction
Government has resolved to take over the construction of Tsholotsho Stadium, with Matabeleland North expected to be transformed into the country’s prime tourism and energy hub, Vice President...
View ArticleCapital Bank Liquidation in Limbo
By Melody Chikono The liquidation of Capital Bank is yet to proceed four years after its licence was revoked amid concerns over rising costs being accrued against the financial institution to the...
View ArticleSakunda Plans Power Exports
Sakunda Holdings is in negotiations with the Zimbabwe Regulatory Authority (Zera) and other statutory bodies to export electricity from its 200-megawatt Dema Power Plant to Zambia before year end,...
View Article‘Steel Industry Critical to Reduce Zim’s Import Bill’
Zimbabwe has been reeling from a crippling trade deficit for many years, which has hampered economic growth and stability. ZimTrade, the country’s main trade promotion body, is on a mission to improve...
View ArticleBallooning RTGs Indicate Lack of Lending – RBZ
By Oliver Kazunga The Reserve Bank of Zimbabwe says the ballooning Real Time Gross Settlement (RTGS) account balances are an indicator of lack of lending by mainstream banks to the productive sectors....
View ArticleBanking Sector Profitable, but…
By Kuda Chideme Zimbabwean banks recorded income of US$1,1 billion in the full year to December 2017, an increase of 13% from the previous year. This indicates the financial sector is in a stable...
View ArticleZB, Zympay launch digital fees payment platform
By Dakarai Mashava ZB Bank (ZB) has teamed up with United Kingdom-headquartered cross-border payments enabler, Zympay, to facilitate digital payments for school fees both locally and from the...
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