Business

Business

ZIMBABWE’s month-on-month inflation rate decelerated by 0,35 percentage points in September to 17,72% from 18,07% in August, the statistics agency has revealed. ...

Zimbabwe’s bread price has shot up 61% to $15 after days of shortages, piling more misery on a citizenry already bearing the brunt of poor earnings. ...

THE World Economic Forum (WEF) has ranked Zimbabwe at 127 among 141 countries on the Global Competitiveness Index (GCI), an indication that the southern African nation remains uncompetitive compared to other economies in the world. ...

ZIMBABWE’S agriculture industry has awarded its employees in the horticulture sector a 71,36% salary increment which is, however, too little to cushion them from the prevailing economic hardships. ...

Reserve Bank of Zimbabwe deputy governor Jesimen Chipika will grace this year’ Zimbabwe Independent flagship Banks and Banking Survey earmarked for tomorrow in Harare. ...

Zimbabwe’s listed companies will start presenting their financial statements using the hyperinflationary economies standard (IAS) following approval by the Public Accountants and Auditors Board (PAAB). ...

THE need to increase Zimbabwe’s exports will come under the spotlight when government, local exporters, industry players, academia and researchers among others meet in Bulawayo on Thursday for ...

ZIMBABWE’S trade deficit narrowed by 63% to US$644 million between February and August this year compared to the same period last year, due to shortages of foreign currency ...

ZIMBABWE Youth in Tourism patron, First Lady Auxilia Mnangagwa, has called on African countries to synchronise their tourism, trade and investment policy frameworks to take full advantage of the African Continental Free Trade Area (AfCFTA) agreement ...

A ZIMABWEAN-OWNED African car brand Mureza Auto Company, headquartered in South Africa is set to start assembling its vehicle, Prim8 (pronounced Primate) re-badged from Iran’s SAIPA Quick at Willowvale Motor Industries (WMI) assembly plant next year ...

THE Livestock and Meat Advisory Council (Lmac) has said the maximum bank lending limit of $50 million for each project is inadequate to finance cropping by major contracting ...

FARMERS’ unions are lobbying for the crafting of a legal framework that will deter and punish firms that run tobacco marketing floors from delaying payments for produce delivered. ...

Slowly but surely, gambling laws are being shaped all round the world in an effort to catch up with the internet age. Authorities in many countries have been ...

CALEDONIA Mining Corporation Plc has successfully installed and commissioned a new oxygen plant at its Blanket Mine in Zimbabwe valued at US$1,6 million. ...

The High Court has ordered Gwanda-based mining concern, Imani Mine, to cease operations with immediate effect after failing to follow proper mining procedures. ...

TREASURY has tabled an ambitious $14 billion revenue collection target by year 2019, despite only collecting a paltry 35% of that figure in the first half of the year. ...

Foreign Affairs ministry secretary James Manzou has told Parliament that Zimbabwe is geared to take advantage of the opportunities to be brought about by the African Continental Free Trade Area (AfCFTA) which will came into effect in July next year ...

BULAWAYO-BASED company Nnino Ceramics plans to penetrate the international market like European Union to increase its exports, an official has said. ...

ZIMBABWE is on the verge of adopting a hyperinflation financial reporting model at a time inflation figures have spiked as its fragile economy teeters on the brink of collapse. ...

LISTED fast food retail giant, Simbisa Brands Limited suffered a net foreign exchange loss of $2,7 million during the year ended June 2019, arising from revaluation of foreign denominated assets and liabilities on the Zimbabwe balance sheet following the re-introduction of a local currency. ...

GOLDERN BARN, a tobacco contracting firm, is in the eye of a storm after failing to pay farmers who delivered their crop to the company a month ago, amid fears that it could have duped producers. ...

THE Progressive Agriculture and Allied Industries Workers’ Union of Zimbabwe (Paawuz) has written to Labour and Social Welfare minister Sekai Nzenza, requesting for a meeting over the “conduct of white commercial farmers”. ...

SOME local companies are reportedly negotiating distributor arrangements with United Kingdom (UK) firms and have identified business partners who will provide machinery for value-adding their products, ZimTrade has said. ...

Bulawayo-based engineering firm Zeco Holdings Limited remains in the red after its loss-after-tax widened by 52% to $886 605 in the six months to June 30, 2019, despite undertaking cost-containment measures. ...

Zimbabwean and African Union chief technical advisor in the department of Trade and Industry Rongai Chizema says Africa cannot continue to experience natural resource exploitation when it has potential to use its resource endowment to industrialise and end poverty. ...

We are living in a time of rapid technological progress. The highincensement of computerusage by organizations, ranging from small firms to large corporations, is happening really fast. And ...

ZIMBABWE’S mining companies will be generating more than 600 megawatts (MW) of electricity from solar energy by 2023, as they move to offset power shortages currently being experienced ...

GWERU-BASED glassmaker, Zimbabwe Glass Industries Limited (Zimglass), has received an offer for the purchase of all its assets, which could lead to the revival of the sole glassmaker, ...

AGRIBANK employees are demanding interbank rated salaries as they decry current earnings which have been eroded by ravaging inflation ...

The three-year tenure $300 million Treasury Bills (TBs) auctioned last week were undersubscribed, an indication the market has poor appetite for long-term sovereign paper ...