Business

Business

THE Zimbabwe National Chamber of Commerce (ZNCC) will next week host a meeting in Bulawayo to discuss the major drivers of cash shortages in the economy and proffer sustainable solutions, with Finance minister Mthuli Ncube the star attraction at the event. ...

RIOZIM has pleaded for government intervention after it suspended operations of its major mines due to foreign currency shortages. ...

TOBACCO farmers, who are battling to access exorbitant inputs, are demanding that the government pays them in foreign currency before the next selling season starts so as to cushion them from currency volatility ravaging the economy. ...

Special counsellor to the Centre for Financial Stability in New York and Professor of Applied Economics and co-director of the Institute for Applied Economics, Global Health, and the ...

BY TATIRA ZWINOIRA GOVERNMENT’S wage bill is seen growing by 16% this year to $3,7 billion, rising to $3,9 billion next year and pushing the budget deficit to ...

ZIMBABWE’S financial markets are likely to remain volatile until nostro foreign currency accounts (FCAs) meet the demand in the real time gross settlement (RTGS) accounts, a local financial services firm has said. ...

Former Confederation of Zimbabwe Industries president Busisa Moyo says Brand Zimbabwe is still a work in progress and is facing challenges that require a collective effort to surmount. ...

About 21 Zimbabwean entrepreneurs are among 1 000 young persons who will benefit from the latest round of the Tony Elumelu Entrepreneurship Programme’s (TEEP) $100 million fund. ...

Zimbabwe’s domestic mining regulatory environment remains one of the most restrictive in the region and needs to change to attract investment, a leading information group Fitch Solutions says in its latest report. ...

BUY Zimbabwe says all stakeholders must co-operate and ensure that the supply of goods and services return to normalcy in the country following the suspension of import restriction measures. ...

The latest report by the Alliance for Affordable Internet (A4AI) says Zimbabwe has highest mobile data costs in the region at $25 per gigabyte. ...

SQUABBLES between shareholders and judicial manager of struggling Bulawayo textile manufacturer, Merlin, are stalling the disbursement of a $5 million recapitalisation facility secured from the Zimbabwe Asset Management Corporation (Zamco), NewsDay can reveal. ...

Companies and individuals seeking to import basic commodities following the lifting of the import ban will have to use free funds, freeing the central bank from having to raise funds for the imports, Reserve Bank of Zimbabwe governor John Mangudya has said. ...

GOVERNMENT’s lifting of the import ban on selected goods will stabilise prices and contain the rising inflation in the short term, but keep the economy in inflationary mode due to the high money supply in the market, an expert has said. ...

National Foods Limited (NFL) workers have accused their management of ‘looting’ their trust shares amounting to 0,15% of the company’s entire issued share capital. ...

INVESTIGATIONS into the deal signed between government-owned Lancashire Steel and Whinstone Enterprises, a Botswana registered Indian firm, expose an underlying plot to strip the national asset as well ...

ZIMBABWE has been voted the third top country in 2019 to visit, with its people described as very friendly and having attractive scenery, among other reasons, according to ...

Political legitimacy, economic bailout and the draconian Public Order and Security Act (Posa) and Access to Information and Protection of Privacy Act (Aippa) laws are some of the ...

BATTERY manufacturer Chloride Zimbabwe says its market share has risen to 69% after the government banned the importation of batteries as part of measures to protect the local ...

The Ministry of Finance and Economic Development has made an undertaking to pay $4 million monthly to foreign airlines who were currently owed $150 million, NewsDay has established. ...

ABOUT 95% of mining land in Matabeleland is now under exclusive prospective orders (EPOs), making it hard for new players to enter the mining sector, a youth advocacy ...

THE Reserve Bank of Zimbabwe (RBZ) last week released over $10 million to the manufacturing sector to address the shortages of basic commodities and wanton price increases, NewsDay has learnt. ...

ZIMBABWE plans to clear its arrears with the African Development Bank (AfDB) and World Bank in the next 12 months, with support from an unnamed creditor country, Finance minister Mthuli Ncube has said. ...

The Parliament Budget Office (PBO) says the budget deficit could reach a “record breaking” $3 billion this year as Finance and Economic Development minister Mthuli Ncube says he will soon announce cost-containment measures to lower State expenditure. ...

Below is a conversation between the Procurement Regulatory Authority of Zimbabwe (PRAZ) chief executive Nyasha Chizu (NC) and NewsDay (ND) in which he outlines how he is enforcing a new way of public procurement in ministries, parastatals, local authorities, commissions and other government agencies. ...

FARMERS have made fresh calls for the scrapping of the tobacco levy going into the next season, as $23 million collected under the fund since 2015 has not been disbursed to serve its purpose. ...

LOCAL financial firm Lloyd Corporate Capital (Private) Limited intends to float a bond with a three-year tenure to finance infrastructure projects for local authorities. ...

Zimbabwe’s gross revenue collections in the third quarter ended September amounted to $1,28 billion, surpassing the target of $1,089bn by nearly 18%, the tax agency said yesterday. ...

ZIMBABWE’S local authorities need a combined $2,338 billion investment in water supply and solid waste management in the next five years, Local Government Investment Conference (Logic) chairperson George Makunde has said. ...

THE Zimbabwe Information and Communication Technologies (ZICT) says 154 cases of bank card cloning have been reported in the country so far as more people use electronic payment systems in the absence of cash. ...