Debt Accumulation a Huge Blow to Sustainability – WB
Zimbabwe needs to develop domestic financial markets necessary to attract local and foreign capital inflows as debt accumulation is threatening the sustainability of public debt. This is mainly driven...
View ArticleGovt to Address Pricing Madness
Government is working on mechanisms for the National Competitiveness Commission (NCC) to work with industry on a framework for pricing of goods, standards and service delivery. This was said by...
View ArticleTobacco Sales Gross $14 Million
At least 8,1 million kilograms of tobacco worth about $14 million have been sold so far at auction and contract floors in the country since the marketing season opened last month, statistics from the...
View ArticleEconet in Massive Network Overhaul
Econet Wireless Zimbabwe (EWZ) Limited will soon invest amounts running into several millions in a core network project to replace obsolete equipment that is causing disruptions to its data and...
View ArticleEconomy – Good and Bad News
It was good news for Zimbabwe that the International Monetary Fund (IMF) staff and the country’s authorities have reached an agreement on macro-economic policies and structural reforms to underpin a...
View ArticleCourt Orders Mteki to Pay for Bread
Harare Civil Court magistrate Mr Trevor Nyatsanza has ordered 2018 Presidential aspirant Brian Taurai Mteki to pay Innscor Bread Company Zimbabwe Pvt (Limited) $549,50 for bread supplied to his...
View ArticlePresident Slams Profiteers
President Mnangagwa has slammed the rent-seeking behaviour by some businesses that continue to increase prices of basic goods without justification, saying they were exploiting the people and...
View ArticleFarmers, Business Welcome Decision
White former commercial farmers have described Government’s decision to start compensating them for improvements on farms taken to resettle landless people as a welcome gesture that should bring...
View ArticleRTG shells out $2,5m on Byo hotel rehab
BY MTHANDAZO NYONI THE Rainbow Tourism Group (RTG) has invested about $2,5 million in the refurbishment of its Bulawayo hotel, an official has said. In a statement yesterday, RTG operations director...
View ArticleFML records 44% growth after tax
BY MISHMA CHAKANYUKA FIRST Mutual Holdings Limited recorded a 44% growth in after-tax profit to US$17,6 million in the year ended December 31, 2018, down from US$12,2 million in 2017 driven by...
View ArticleTrade deficit drops by 90%
ZIMBABWE’S trade deficit dropped by 90% to $22,1 million in February this year with analysts attributing the decline to foreign currency shortages. Figures released by the Zimbabwe Statistics Agency...
View ArticleRTG shells out $2,5m on Byo hotel rehab
THE Rainbow Tourism Group (RTG) has invested about $2,5 million in the refurbishment of its Bulawayo hotel, an official has said. In a statement yesterday, RTG operations director Tichawona Hwingwiri...
View ArticleFML records 44% growth after tax
FIRST Mutual Holdings Limited recorded a 44% growth in after-tax profit to US$17,6 million in the year ended December 31, 2018, down from US$12,2 million in 2017 driven by increased investment income...
View ArticleExpedite RTGS$30m for looted firms’
The Confederation of Zimbabwe Retailers (CZI) wants Government to expedite modalities of disbursing the RTGS$30 million facility designed to bail out distressed firms, including those that were looted...
View ArticleFML targets US$20 million capital raise
Insurance group, First Mutual Holdings Limited is set for a US$20 million capital raise, in a transaction that should help capacitate its Botswana reinsurance business. This comes after the board...
View ArticleBe Realistic – Business Tells ED, Scoffs At President’s “Inhumane” Comments
Government needs to be realistic about the economic situation in the country, captains of industry have said. They were reacting to statements made by President Emmerson Mnangagwa in his keynote...
View ArticleMavhaire Testifies in Ex-Zesa Boss’ Case
Former Energy and Power Development Minister Dzikamai Mavhaire on Monday testified in the case of former Zimbabwe Power Company (ZPC) boss Stanley Kazhanje who is being accused of concealing a...
View ArticleRemain Calm, Vigilant – Govt
By Victor Maphosa Government has urged the nation to remain calm, united and vigilant as the new dispensation implements a raft of measures to resuscitate the economy. In an interview with The Herald...
View ArticleRecord entries for 60th ZITF
Oliver Kazunga Bulawayo Bureau The 60th edition of the Zimbabwe International Trade Fair (ZITF) begins in Bulawayo today with record breaking subscription at 532 direct local exhibitors and 16...
View ArticleTelone Could Lose Wiocc Stake Over US$10m
Fixed telecommunications services provider TelOne is at risk of losing its shareholding in bandwidth wholesaler West Indian Ocean Cable Company (WIOCC), managing director Chipo Mtasa has said. TelOne...
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