‘Occupational deaths worrisome’
GOVERNMENT is concerned over occupational deaths, which have hit 415 between 2013 and August this year. During the same period, 25 630 injuries, most of them serious, were recorded. Critically, 51...
View ArticleOpec, traders in standoff
LONDON. — OPEC and oil traders are now in fundamental disagreement about the market outlook and the standoff is fuelling a sharp rise in prices that could spell trouble for the global economy over the...
View ArticleGold firms
BENGALURU. — Gold edged up yesterday as a recent dip to multi-week lows attracted some bargain hunters, but prices were well within recent ranges as the dollar remained on an upward trajectory. Spot...
View ArticleNcube promises action on civil service reform
FINANCE minister Mthuli Ncube says government will “do something” about civil service reform and accelerate measures to correct fiscal imbalances currently driving inflation and currency instability....
View ArticleEmirates passenger traffic up 6pc
Enacy Mapakame AIRLINE Emirates says business on the Harare-Dubai route has been on a growth trajectory with passenger traffic growing by 6 percent during the 2017 /18 financial year as investors...
View ArticleZWLA Celebrates Silver Jubilee
By Leroy Dzenga Zimbabwe Women Lawyers Association (ZWLA), a non-profit organisation providing women with access to legal resources and services, recently marked its silver jubilee. The organisation,...
View ArticleState diamond miner adopts electronic trading system
Ishemunyoro Chingwere Business Reporter ZIMBABWEAN gems from State diamond mining entity, the Zimbabwe Consolidated Diamond Company (ZCDC), will now be sold through an electronic trading system to...
View ArticleVic Falls Mall Ahead of Schedule
By Michael Tome Zimre Property Investments’ $13 million Sawanga Shopping Mall, which is currently under construction in Victoria Falls, is expected to be operational by December this year, ahead of the...
View ArticleExport incentives rake in $12,6bn
Africa Moyo Senior Business Reporter THE export incentive scheme payable in bond notes, has generated a staggering $12,6 billion in foreign currency since inception in May 2016. This was revealed by...
View ArticleSable Chemicals is 52% off output target
SABLE Chemicals Industries (Sable), Zimbabwe’s only manufacturer of ammonium nitrate (AN), has produced just about half of its target output in the first eight months of the year, an official has said....
View ArticleGovt tightens TBs issuance
Enacy Mapakame Business Reporter Government is working to curtail the unrestrained issuance of Treasury Bills (TBs) as the stock of the short-term debt instruments, the major driver of fiscal...
View ArticleLafarge Sues Transporter for $230k
By Panashe Machakaire LAFARGE Cement Zimbabwe Limited has sued local transporter, Gramiso Investments (Private) Limited, over an outstanding debt amounting to $238 650. Gramiso and Lafarge entered a...
View ArticleOil slips
LONDON. — Oil slipped yesterday, retreating from session peaks near a four-year high as top exporter Saudi Arabia said it increased output and after Reuters reported that Russia and Saudi Arabia had...
View ArticleCement sector has excess capacity: Lafarge
Oliver Kazunga Bulawayo Bureau ZIMBABWE’S cement industry has excess capacity to meet the 1,3 million tonnes annual domestic demand as the sector has an installed capacity of 2,4 million tonnes, an...
View ArticleLafarge Sues Transporter for $230k
By Panashe Machakaire LAFARGE Cement Zimbabwe Limited has sued local transporter, Gramiso Investments (Private) Limited, over an outstanding debt amounting to $238 650. Gramiso and Lafarge entered a...
View ArticleSub-Saharan Africa’s growth slower, says World Bank
Business Reporter The World Bank says the Sub-Saharan African economies are still recovering from the slowdown in 2015-16 although the growth is slower than expected. In its bi-annual analysis of the...
View Article‘Underground operations viable at Tungsten Mine’
Tawanda Musarurwa Senior Business Reporter Zimbabwe-focused diversified mining group Premier African Minerals, says a study from consultant Bara has confirmed that its 49 percent-owned RHA Tungsten...
View ArticleGovt okays POSB equity offering
THE People’s Own Savings Bank (POSB) will now be going public or be partially privatised through a private placement after government, the sole shareholder, approved a plan to carry out either of the...
View ArticleZimTrade conference focuses on linkages, export growth
ZimTrade, the country’s trade development and promotion organization, today hosts its annual exporters’ conference and awards dinner in Harare, which focuses on building linkages and partnerships to...
View ArticleGetbucks profit jumps 25% in H1
GetBucks, a deposit-taking microfinance institution listed on the Zimbabwe Exchange, has reported a 25% growth in profit after tax in the first six months of the year, buoyed by a reduction in...
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