Business

Business

BY FIDELITY MHLANGA REMITTANCES from Zimbabweans living in the diaspora grew by 58% to US$1 billion last year, generating more foreign currency than gold and tobacco, the country’s ...

BRITISH Airways (operated by Comair) has re-opened bookings for daily regional flights between Johannesburg and Harare. The airline has introduced one-way fares from R995, including taxes and surcharges. ...

BY CHIEDZA KOWO The RBZ’s monetary policy statement (MPS) released on Thursday last week indicated that banking sector loans and advances rose 2,18 times to $82,4 billion at ...

UK Prime Minister Boris Johnson has backed the call by US President Joe Biden to put pressure on China to release raw data relating to the outbreak of ...

BY SHAME MAKOSHORI THE Reserve Bank of Zimbabwe (RBZ) says reserve money growth beat a targeted 25% last year to end at 18% after government stopped raiding the ...

BY BUSINESS REPORTER IT is an appointment that many least expected. But ex-Nedbank managing director (MD) Charity Jinya  made a surprise return to the country’s banking industry on ...

BY SHAME MAKOSHORI A FURTHER block of investors holding a combined 7% shareholding in the Zimbabwe Stock Exchange (ZSE)-listed seed breeding group, Seed Co Limited (SCL) have accepted ...

BY BUSINESS REPORTER A LOCAL company Zimvest Mining yesterday unveiled a new online marketplace connecting extractive industry players with investors and suppliers in a move seen transforming the ...

BY KUDZAI KUWAZA A LEADING farmers union has called on government to crack the whip and stop the “extortionist” behaviour shown by contracting companies involved in the foreign ...

By Melody Chikono PROPERTY holdings and management company Mashonaland Holdings (Masholds) is seeking to buy back its own shares with considerations having been made which ensure that the ...

EVEN for an economist, there are lots of very large numbers in the life of Ngozi Okonjo-Iweala. As the chair of Gavi, the vaccine alliance, she has overseen ...

BY CHIEDZA KOWO STATE-RUN oil firm, PetroTrade Limited will be shutting down five of its fuel stations across the country between February 9 and March 30 this year ...

BY SHAME MAKOSHORI ZIMBABWE’s currency will maintain a “fragile stability” this year, continuing from the volatilities that haunted the domestic unit even after the introduction of the foreign ...

JOHANNESBURG — South African Airways (SAA) has received a further R5 billion (US$346 million) from the Department of Public Enterprises to help make severance payments to laid-off staff ...

BY STEPHEN CHADENGA THREE suspected robbers last week allegedly attacked a 28-year-old Gokwe man and robbed him of more than US$4 000 and R18 000 before speeding off ...

Technology continues to revolutionise the financial services landscape. From mobile payments, app based investing platforms, financial technology has revolutionised not only how consumers receive financial services but also ...

BY SHAME MAKOSHORI RESEARCHERS at advisory firm Imara dug deep into the hyped Seed Co empire merger before the transaction sailed through early this month and their verdict ...

DAVID Brown’s association with Zimbabwe’s mining sector dates back to his six years as CEO of Impala Platinum (Implats) which ended in 2012. During that time, he met ...

People have been crazy about bitcoin. But the year 2020 made people unsure on a point. They never knew how long it would take to combat COVID-19. This ...

UNITED Kingdom-based building materials supplier, Vaka Building Materials and Hardware has gone into partnership with Hearty construction to supply the company with building materials. “At Vaka we continue ...

BY KUDZAI KUWAZA PACKAGING materials producer Nampak Zimbabwe Limited has projected a second quarter slowdown following robust growth in volumes and revenue during the quoted group’s first quarter ...

BY TAURAI MANGUDHLA THE Procurement Regulatory Authority of Zimbabwe (Praz) has begun the hunt for a chief executive officer (CEO) following the departure of Nyasha Chizu last month. ...

ALROSA, the world’s largest diamond producer by output, says COVID-19 has not altered its exploration in Zimbabwe and the company plans additional concessions this quarter. The Russian company ...

Debt-laden Air Namibia cancelled all flights on Thursday and promised to refund customers, ahead of a government news conference on the national carrier’s expected liquidation. Several local media ...

Prominent Zimbabwean wholesaler Mohamed Mussa has died. The business tycoon reportedly died yesterday morning due to an undisclosed ailment. ...

Everyone wants to make money, but there are limited sources through which you can make profits with minimum efforts, and one of them is bitcoin trading. Bitcoin trading ...

Cassava Smartech Zimbabwe’s EcoCash and Steward Bank business units have ramped up their efforts to help cushion the public from the harsh economic impact of COVID-19 by extending ...

BY SHAME MAKOSHORI THE move by the Reserve Bank of Zimbabwe (RBZ to introduce the foreign currency auction system in June last year eased a liquidity crisis that ...

BY SHAME MAKOSHORI THE Zimbabwe Stock Exchange (ZSE) consolidated its fine run ahead of regional peers last week, underpinned by a string of positive sentiment that pushed the ...

ZIMBABWE exported goods worth US$4,39 billion in 2020, a marginal 2,7% increase from 2019’s US$4,28 billion, in a tough year in which COVID-19 hit commodity demand and cut ...