Treasury boss grilled over unbudgeted expenditure
Finance ministry secretary George Guvamatanga was yesterday grilled by Parliament for Treasury’s failure to disclose unbudgeted expenditure and debt contraction in contravention of the Public Debt...
View Article3 IPPs line up power projects
Three independent power producers — Mopower Solar Limited, Zororo Energy Company Limited and Guruve Solar Park Limited — have submitted applications for licensing to set up power projects with a...
View ArticleTrade deficit widens
ZIMBABWE recorded a trade deficit of $2,3 billion in the period between February and December 2018, latest trade data has shown. BY MTHANDAZO NYONI Figures released by the Zimbabwe National Statistics...
View ArticleEconomic Sanctions Against Zimbabwe Must Be Lifted
By Chido Chikuni The opposition parties in Zimbabwe, MDC in particular, civil society organisations and other Government detractors have been unreasonably claiming that there are no sanctions imposed...
View ArticleZcdc to Extract Chihota Diamonds
By Kudakwashe Mhundwa The Zimbabwe Consolidated Diamond Company (ZCDC), has moved a gear up towards establishing diamonds extraction operations in Chihota communal lands in Marondera District, with...
View ArticleExpedite Road Construction in B/Bridge West – MP
Beitbridge West legislator Cde Ruth Maboyi has called on Government and development agencies to accelerate the construction of roads in the area. She said the poor state of roads had triggered acute...
View ArticleVaya customers give ride service the thumbs up
HARARE – Cassava-on-Demand’s Vaya Ride service has received a boost from customers that have hailed the popular ride service for its convenience, cost-effectiveness, safety and reliability. Barely...
View ArticleAdcock Ingram plots Zim exit
SOUTH African pharmaceutical group Adcock Ingram says it is assessing the viability of its continued presence in Zimbabwe, given the country’s deteriorating economic environment. BY MTHANDAZO NYONI...
View ArticleTrade deficit hits $2,4bn
Enacy Mapakame Business ReporterZimbabwe’s trade deficit for the 11 months to December 2018 stood at $2,4 billion, as the value of imports continued to outstrip value of exports, mostly unprocessed...
View ArticleKamativi starts work on refinery plant
Kamativi Tailings Company says it will commence civil works at its plant site in Matabeleland North after the company concluded a $9,5 million offtake arrangement with a Swiss-based commodity trader,...
View ArticleAll eyes on Air Zim
Africa Moyo Senior Business ReporterCompanies offering services to Air Zimbabwe are pinning hopes of viability and possible repayment of debts on the placement of the national airline under...
View ArticleCommercial bank deposits surge 25% to $8bn
Commercial banks deposits rose by 25% to $8 billion in the first 10 months of last year, data from the central bank has shown. BY FIDELITY MHLANGA According to the Reserve Bank of Zimbabwe (RBZ)’s...
View ArticleRed tape stifles growth of clothing sector
THE Zimbabwe Clothing Manufacturers’ Association (ZCMA) says its members could create 5 000 jobs this year if constraints, some of them bureaucratic, were fixed. BY MTHANDAZO NYONI ZCMA chairman...
View ArticleAir Zimbabwe Reconstruction Placement Chokes Aviation Authority
By Alois Vinga CIVIL Aviation Authority of Zimbabwe (CAAZ) CEO and general manager, David Chawota says the decision to place Air Zimbabwe under Reconstruction was beginning to have a toll on the...
View ArticleAll Eyes On Air Zim
By Africa Moyo Companies offering services to Air Zimbabwe are pinning hopes of viability and possible repayment of debts on the placement of the national airline under reconstruction. This emerged on...
View Article‘Economy to grow as fuel demand normalises’
Africa Moyo and Nesia MhakaTHE normalisation of fuel demand across the country leaves Government in good stead to boost economic growth, taking advantage of funds being served per month from reduced...
View ArticleZim, Zambia in joint wildlife conservation programme
Zimbabwe and Zambia have launched a joint $5,5 million Sustainable Wildlife Management Programme (SWMP) to be implemented over a period of five years. The project, being implemented with the...
View ArticleNedbank no longer funding coal power producers
Nedbank South Africa is no longer funding coal power producers. This decision fits with the banking group’s commitment to “green” funding, responsible lending and supporting sustainability...
View Article‘Don’t just pass cost burden to consumers’
Ishemunyoro Chingwere Business Reporter Businesses should continue to dialogue with Government and avoid the tendency of passing the cost burden to consumers as Government seeks solutions to the...
View ArticleZesa engages BCC over power station
Golden Sibanda Senior Business ReporterState power utility Zesa Holdings says it will engage Bulawayo City Council (BCC) and other stakeholders to resolve the ownership wrangle over Bulawayo Power...
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