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AirZim to get new planes
AirZimbabwe Oliver Kazunga, Senior Business Reporter THE Government is in the process of procuring a new fleet of small aircraft for Air Zimbabwe at an estimated cost of $770 million, Transport and...
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200 companies SAZ certified
Leonard Ncube in Victoria Falls THE Standards Association of Zimbabwe (SAZ) is working on a National Standardisation Strategy to ensure common standards are applied on locally manufactured goods to...
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RBZ to prioritise forex allocation
Minister Mike Bimha Harare Bureau THE Reserve Bank of Zimbabwe has come up with a facility prioritising foreign currency allocation to companies benefiting from the import restrictions to increase...
View ArticleVenture into business, Christian community urged
Kiyapili Sibanda, Business Reporter CHURCH leaders in Bulawayo have pledged to play a leading role in turning around the economy and urged their members to embark on business projects to create...
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Retailers yet to review prices despite VAT ‘suspension’
THE 15% value-added tax (VAT) introduced by the government recently on all meat products and cereals is still effective despite Finance minister Patrick Chinamasa claiming to have suspended it,...
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fastjet Zim flies over 125k passengers
Low-cost carrier, fastjet Zimbabwe has flown more than 125 000 passengers since it began flights 15 months ago, with a number of them first time fliers, an executive has said. BY BUSINESS REPORTER The...
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Over 82 000 register to grow tobacco
The number of farmers that have so far registered to grow and sell tobacco during this season jumped 17 percent to 82 183 from 70 531 growers that registered during the same period last year....
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Zimbabwe’s rice consumption up 300pct, grain millers say
HARARE, February 14 (The Source) – Demand for rice has increased by 300 percent from 50,000 tonnes per year in 2007 to 200,000 tonnes per year in 2016 as Zimbabweans shift to alternative cereals to...
View ArticleZimbabwe: Zimra Impounds $2m Misclassified Goods
By Fidelis Munyoro A local textile firm, Qingshang Investments (Pvt) Ltd, misclassified imported goods in underhand dealings, prejudicing the tax collector of millions of dollars, the Zimbabwe Revenue...
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UNDP to fund SMEs
Men harvest timber at Gwampa Valley Forest in Nkayi District on Monday. Timber harvesting is one of the main economic activities in the district. — Picture by Dennis Mudzamiri Prosper Ndlovu recently...
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Zimbabwe earns $153m in tobacco exports
Buyers busy at the tobacco auction floors in Harare in this file photo ZIMBABWE has so far earned $152,9 million from exporting 26,2 million kilogrammes of flue-cured tobacco at an average price of...
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fastjet Zim collects $2.7m airport taxes
Senior Business Reporter LOW cost-airline fastjet Zimbabwe has collected an estimated $2,7 million in airport taxes and fees from its passengers on behalf of the Government since it started flight...
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$294m Kariba contract signed
Kariba Dam Conrad Mwanawashe recently in Kariba Zimbabwe and it’s northern neighbour, Zambia and co-operating partners represented by the European Union yesterday signed a $294 million contract for...
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5-day Bulawayo ICT workshop underway
Kiyapili Sibanda, Business Reporter THE African Advanced Level Telecommunications Institute (AFRALTI) in conjunction with the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is...
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Zimbabwe to roll out new higher denomination bond notes
Zimbabwe to roll out new bond notes State media say there are plans to release higher-denomination bond notes following the recent release of five dollar bond notes. FILE: A man holds bond notes...
View Article‘30% of unbuilt Harare CBD a result of outdated, poor city planning’
More than 30% of land within 5km radius of the central business district in Harare and Maputo remains unbuilt due to outdated and poorly enforced city plans, a new report has shown. BY BUSINESS...
View ArticleZimbabwe: Current Account Deficit to Narrow, Says BMI
A LONDON-BASED research firm has predicted an improvement in the country’s current account deficit this year, forecasting a surge in export earnings during the calendar and an improved liquidity...
View ArticleZimbabwe: Nicholas Vingirai Flexes Muscle Within ZB
By Paul Nyakazeya BANKER, Nicholas Vingirai, has embarked on a restructuring of financial services group, ZB Financial Holdings Limited (ZFHL), after assuming a 26 percent shareholding last year. The...
View ArticleZimbabwe’s CEOs Face Tricky Terrain
By Paul Nyakazeya ZIMBABWE’s chief executives officers (CEO) face the daunting task of restoring fortunes in their organisations against the backdrop of a declining economy and persistent erosion of...
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Zimbabweans blow $206 million on DSTV subscriptions
Business Editor RESERVE Bank of Zimbabwe Governor Dr John Mangudya yesterday expressed shock that Zimbabweans blew a total of $206,7 million on DSTV subscriptions paid through nostro accounts between...
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