Corruption still rife in Zim: US report
BY TATIRA ZWINOIRA CORRUPTION remains a major problem in Zimbabwe despite government pronouncements to fight the rot, a report by the United States has revealed. According to a 2018 Human Rights...
View ArticleIpec to adopt risk-based supervision framework
BY FIDELITY MHLANGA The Insurance and Pensions Industry (Ipec) plans to adopt a risk-based supervision framework, moving from the current compliance-based model in a move that is expected to improve...
View ArticleForex shortages gnaws fertilizer industry
ZIMBABWE’S fertilizer industry says it is constrained by forex shortages, but it still has the capacity to produce enough to meet the country’s demand this year and export excess production. Zimbabwe...
View ArticleProperty developer Mash Holdings records 7% jump in revenue
BY MISHMA CHAKANYUKA PROPERTY investment and development company Mashonaland Limited Holdings recorded a 7% increase in revenue to $1,68 million in the four months to January, driven by higher...
View ArticleAgency to Improve FDI Approvals
The establishment of the Zimbabwe Investment and Development Agency (ZIDA) will capacitate the country to process Foreign Direct Investment (FDI) approvals within a day, Finance and Economic...
View ArticleHarare Churches Owe City Council RTGs$10 Million in Rates and Rent Arrears
Churches in and around the City of Harare owe the municipality RTGS$10 million in unpaid rates and rentals, it has been learnt. This was revealed at a meeting between Harare Mayor Herbert Gomba and...
View ArticleParastatal reforms to earn Govt US$350m
Africa Moyo Senior Business Reporter Government expects to generate US$350 million from reforming TelOne, NetOne, Telecel, Zimpost and the Peoples’ Own Savings Bank (POSB). The five companies have...
View ArticlePPC feels the heat from imports
Bulawayo Bureau The country’s largest cement producer, Pretoria Portland Cement (PPC) Zimbabwe, is feeling the heat from imports and has called on Government to promulgate protectionist laws to...
View ArticleState engages ZMDC creditors
Ishemunyoro Chingwere Business Reporter Government is engaging creditors owed millions of dollars by six mines owned by the Zimbabwe Mining Development Corporation (ZMDC) that were last year tendered...
View ArticlePotraz summons Liquid over tariff hike
BY TATIRA ZWINOIRA THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has summoned Zol Zimbabwe for questioning over its unauthorised data tariff increase, NewsDay has learnt....
View ArticleTobacco farmers, merchants on collision course
BY FIDELITY MHLANGA TOBACCO farmers are on collision course with merchants who are demanding repayment of loans issued to farmers in United States Dollars, as the contract tobacco sales commence. The...
View ArticleCoca-Cola unveils US$38m to tackle plastic pollution
BY staff reporter Zimbabwe is set to benefit from a US$38 million fund by The Coca-Cola Company (TCCC) to tackle plastic pollution in Southern, East and Central Africa over three years. The world is...
View ArticleZim launches free online shopping application, ZimexApp
BY MISHMA CHAKANYUKA A SELF-TAUGHT Zimbabwean, Washington Mkombodzi has created a free online shopping application, ZimexApp which provides a virtual platform for small businesses (SMEs) to reach out...
View ArticleVictoria Falls mall ready to open
ZIMRE Property Investment (Zimre) has completed construction of its $13 million shopping mall in Victoria Falls with the facility set to be opened to the public by the end of this month, an official...
View ArticleParastatal reforms to earn Govt US$350m
Africa Moyo Senior Business Reporter Government expects to generate US$350 million from reforming TelOne, NetOne, Telecel, Zimpost and the Peoples’ Own Savings Bank (POSB). The five companies have...
View ArticlePPC feels the heat from imports
Bulawayo Bureau The country’s largest cement producer, Pretoria Portland Cement (PPC) Zimbabwe, is feeling the heat from imports and has called on Government to promulgate protectionist laws to...
View ArticleState engages ZMDC creditors
Ishemunyoro Chingwere Business Reporter Government is engaging creditors owed millions of dollars by six mines owned by the Zimbabwe Mining Development Corporation (ZMDC) that were last year tendered...
View ArticleCaledonia posts $21,4m profit 2018FY
BY STAFF REPORTER CALEDONIA Mining Corporation registered a 4% increase in after tax profits to US$21,42 million in the full year to December 2018 compared to US$20,61 million in 2017, despite a fall...
View ArticleRBZ disburses $120 million for small-scale miners
BY MTHANDAZO NYONI THE Reserve Bank of Zimbabwe (RBZ), through its wholly-owned subsidiary Fidelity Printers and Refiners (FPR), has to date disbursed $120 million out of the $150 million Gold...
View ArticleMobile network operators record 36% revenue jump
BY MISHMA CHAKANYUKA ZIMBABWE’S mobile network operators recorded a 36% increase in revenue to $1,1 billion in the full year to December 2018 despite a 25% increase in operating costs, the industry...
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