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Another bailout deal beckons for NRZ…US$120 million on the table, says Mhona

Transport minister Felix Mhona told NewsDay Business that investors had been identified, and a contract would be signed soon.
By Freeman Makopa 20h ago
Fawcett reviews payment plans to boost revenue
Fawcett reviews payment plans to boost revenue
“Our financial reports for Zvishavane branch are better than last year,” Mungure said.
By Nomalanga Kabanzi Dec. 6, 2022
‘Muted household spending into next year’
AMERICAN global market research firm Fitch Solutions predicts muted levels of real household spending for 2023 as consumer purchasing power continues to wane.
By Tatira Zwinoira Dec. 5, 2022
Fossil seals Lafarge takeover
On Thursday, Fossil settled the purchase price of Lafarge Cement, placing the giant cement producer in the hands of local entrepreneurs.
By Staff Reporter Dec. 2, 2022
Short-term insurance upstages life insurance
SHORT-TERM insurance is now the major contributor in terms of gross premium written (GPW) — overtaking life insurance
By Melody Chikono Dec. 2, 2022
Concerns over Zimdollar depreciation
CHARTERED accountants have expressed concern over the loss of value of the Zimbabwe dollar
By RUGARE MUBIKA Dec. 2, 2022
Ncube rules out income tax relief
Leading up to the 2023 national budget announcement, consumers called for an upward review of the income tax threshold
By Tatira Zwinoira Dec. 2, 2022
Chiwenga calls hotels to order over high charges
This practice, he said, inevitably contributed to inflationary pressures on the fiscus resulting in economic instability.
By Mthandazo Nyoni Dec. 2, 2022
Chimanikire urges young entrepreneurs to embrace opportunities from digitalization
Speaking at the 2022 Job Summit held in Harare on Thursday (today) under the theme “Connecting Youth Minds
By Newsday Dec. 1, 2022
Zambezi Gas battles to recover US$1,3m from ZPC
Operations director Menard Makota said the delay in payment by ZPC was a setback to the miner, considering that it was paying 100% in local currency.
By Melody Chikono Dec. 1, 2022
Govt to dispatch tourism attachés
The attachés will be deployed to Germany, France, United Kingdom, United States, India, South Africa, Japan and South Korea.
By Freeman Makopa Dec. 1, 2022
Ncube scraps REIT limits
Ncube announced that the types of investments to be allowed under REITs were shopping malls, halls of residence for tertiary institutions and hotels.
By Tatira Zwinoira Dec. 1, 2022
HAZ annual congress to reset tourism success
The hospitality industry, as the sector collectively known, is the largest sub-sector of the tourism industry as is a major employer, earner of foreign currency and contributor to the economy.
By Mthandazo Nyoni Nov. 30, 2022
Kingdom Hotel to shut down next year
"We would like  to inform you  that the Kingdom  At Victoria Falls Hotel shall be closing  for business with effect  from January  5, 2023,
By Melody Chikono Nov. 30, 2022
Tigere REIT lists on ZSE today
Tigere REIT is majority owned by Frontier Real Estate Development which has in the past raised capital for property assets worth US$120 million.
By Mthandazo Nyoni Nov. 30, 2022
‘Diversity of capital markets pivotal to economic growth’
Ncube was speaking at the listing of the Nedbank Group Limited ZDRs (Zimbabwe Depository Receipts) on the Victoria Falls Stock Exchange (VFEX) last Friday.
By Melody Chikono Nov. 30, 2022
Zim economic crisis hits Old Mutual earnings
Old Mutual said the decline in its local unit’s earnings was largely driven by the deterioration of the Zimbabwe dollar against the rand.
By Mthandazo Nyoni Nov. 30, 2022
Africa needs funding to reduce impact of climate change: Afreximbank
Afreximbank regional chief operating officer Humphrey Nwugo said African countries required substantial funding to address climate mitigation and adaptation needs.
By RUGARE MUBIKA Nov. 30, 2022
Econet wins big at Superbrand awards
Econet won 2022 Overall MAZ Superbrand of the Year award, the Best Superbrand Award in the Telecommunication Sector and the Best Superbrand in the Business-to-Consumer category.
By Business Reporter Nov. 29, 2022
Irvine’s Botswana expands
The facility was officially opened by Botswana President Mokgweetsi Masisi in Gaborone recently, according to Irvine’s chief executive David Irvine’s.
By Kudakwashe Gwabanayi Nov. 29, 2022
Govt injects US$5,5m into cadastre system
Mines ministry perm sec, Pfungwa Kunaka told NewsDay on the sidelines of the Association of Mine Managers of Zimbabwe 50th annual general meeting and conference in Victoria Falls.
By Melody Chikono Nov. 29, 2022
Innscor revenue projected to increase by 23%
Innscor management has revealed that indicative revenue in USD is around US$700 million for the financial year 2022 with a net profit of US$90 million.
By Mthandazo Nyoni Nov. 29, 2022
Mbayiwa elected new Maz president
Mbayiwa took over the reins from Zororo Muranda who has been Maz president since 2020.
By RUGARE MUBIKA Nov. 29, 2022
‘Govt likely to print money to fund deficit’
Total revenue collections are projected at $3,9 trillion (US$6,02 billion) for 2023.
By Tatira Zwinoira Nov. 28, 2022
Order financing a viable alternative for entrepreneurs
It is important to note that order financing only works where the borrowing company is dealing with a well-established and creditworthy corporate.
By Francis Chitambira Nov. 28, 2022
Experts decry new budget
The annual inflation rate was 268,8% last month, from 280,4% in September, and has remained in triple digits for the past few months.
By Tatira Zwinoira Nov. 27, 2022
Zim gas explorer optimistic as well reaches 4km
The asset portfolio lies in the highly prospective 360 000 hectares Cabora Bassa basin in Zimbabwe’s Zambezi Valley.
By Sydney Kawadza Nov. 25, 2022
5 Strategic Vendor Management Practices for Business
will propel your company from good to great status.
By Newsday Nov. 25, 2022