More exhibition space for Mine Entra, rates slashed
THE Zimbabwe International Trade Fair (ZITF) Company has opened more exhibition space for the Mining, Engineering and Transport (Mine Entra) expo taking place this week to accommodate more exhibitors...
View ArticleGovt to stimulate FDI with global tenders
FINANCE minister Mthuli Ncube says government will accelerate the reform of State-owned Enterprises (SoEs) and parastatals, starting with quick hits such as TelOne, NetOne and the People’s Own Savings...
View ArticleBread, transport fares up
The price of bread has gone up while transport fares have also moved northwards, a clearest sign of increased economic turmoil coming on the back of recent monetary and fiscal policy measures. BY...
View ArticleGovt, business consult on Africawide FTA
GOVERNMENT has opened consultations with industry on rules of origin (RoO) for the ambitious African Continental Free Trade Area (AfCFTA) aimed at promoting duty-free flow of goods and services...
View ArticleDrugs, health care now priced in US dollar
THE Association of Healthcare Funders of Zimbabwe (AHFoZ) says medical aid societies and pharmacies have started demanding payment in United States dollars, compromising health, quality of life and...
View ArticleNetOne board dissolved
Government has dissolved the NetOne board. BY TATIRA ZWINOIRA The decision came hardly two months after the suspension of chief executive officer Lazarus Muchenje, who also accused the board of...
View ArticleGovernment urged to prioritise local contractors
The construction sector has urged government to engage local contractors in its major construction projects to avoid the drainage of foreign currency through foreign tenders, according to Zimbabwe...
View ArticleRBZ defaulting on forex obligations: RioZim
RIOZIM says its operations are under threat from a critical shortage of foreign currency to sustain and grow its business and has blamed these challenges on failure by the Reserve Bank of Zimbabwe...
View ArticleTrade deficit now $1,6bn
ZIMBABWE’S trade deficit rose 28% to $1,6 billion over the period February to August 2018 from $1,25 billion recorded during the same period last year, further depleting the country’s precarious import...
View ArticleHwange suspends top bosses
Africa Moyo THE Hwange Colliery Company Limited (HCCL) board has suspended the acting managing director Engineer Shepherd Manamike on allegations of “unethical business practices”. Mr Manamike has been...
View ArticleTrade deficit down 44pc
Tawanda Musarurwa Senior Business Reporter Zimbabwe’s trade deficit went down 44 percent to $127 million in August 2018 from $229 million in February 2018 on the back of significant growth in exports...
View ArticleIMF raises Zim growth forecast
The International Monetary Fund yesterday raised its 2018 Zimbabwe economic growth forecast to 3,6 percent from 2,4 percent it projected in April this year. This comes after the Government also revived...
View ArticleRioZim plans legal action against RBZ
Enacy Mapakame Business Reporter Diversified resources group RioZim Limited, is planning legal action against the Reserve Bank of Zimbabwe (RBZ) over failure to meet its obligation to avail foreign...
View ArticlePrice Madness – Govt Intervenes
By Tendai Mugabe GOVERNMENT has directed that prices of basic commodities increased without justification be reduced immediately, as it moves to restore sanity on the market. Retailers are hiking...
View Article‘Negotiate rescue package from region’
Government should negotiate a rescue liquidity package from the region, particularly South Africa, to buttress economic stabilisation efforts and steer business growth, economic analysts have said....
View ArticleGovt to Preserve Current RTGs Deposits On 1.1 Rate – Mthuli Ncube
Government has assured the nation that it is committed to preserve the value of the Real Time Gross Settlement (RTGS) balances on the current rate of exchange of 1 to 1, in order to protect people’s...
View ArticleJica keen to fund Zim infrastructure, irrigation projects
The Japan International Agency (Jica) is keen to provide grant aid for infrastructure and irrigation projects in Zimbabwe that have a huge impact on Zimbabweans, an official has said. Jica’s official...
View ArticleED’s Tax Reform Support Shows Leadership
EDITORIAL Over the past week there have been attempts to blackmail and intimidate the Executive after the announcement of a 2 cents transaction charge per dollar. This came in the form of claiming...
View ArticleBrexit to cost UK up to 5 000 city jobs
The UK government expects thousands of financial services jobs to have moved to the European Union by the time of the UK’s exit from the bloc. City minister John Glen said that the situation was...
View ArticleMliswa – Servant Leader On a Mission
By Ruth Butaumocho When most people leave for the Diaspora, their primary loyalty often lies with their host country. However, that was not the case with Cde Mary Mliswa, who despite her 18- year...
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