Business

Business

GOVERNMENT says there is huge potential for increased co-operation in the ICT, energy, mining and the pharmaceutical sectors with India. Speaking at the commemoration of the 71st Republic Day of India, an annual national holiday held every January 26 in that country, Foreign Affairs deputy minister David Musabayana said India was a key ally. ...

ZIMBABWE’s mining companies are battling to retain critical staff by pampering their workers with lucrative incentives that include paying in hard currency, NewsDay Business has learnt. Last June, the southern African nation ended the 10-year use of the multi-currency regime to reintroduce the Zimbabwe dollar, the sole legal tender which is fast losing value since its return. ...

ZIMBABWE’S trade deficit narrowed by 81% to US$474 million between February and December last year compared to the same period in 2018, mainly due to shortages of foreign currency for imports. ...

THE National Railways of Zimbabwe (NRZ) needs to develop a strategic plan aimed at restructuring and streamlining its operations, Transport minister Joel Biggie Matiza has said. ...

BEITBRIDGE Municipality has revealed plans to develop a solar farm on land measuring about 100 hectares to ease rolling electricity outages that are being experienced across the country. ...

CBZ Insurance has reintroduced its international travel insurance set to benefit policy holders on matters of personal safety, baggage damage and other unforeseen financial losses going away for trips. ...

Many investors need equity returns to build wealth over the long term. Unfortunately sometimes investors find it difficult to endure the sharp declines and volatility that is often experienced in the capital markets. ...

THE Zimbabwe Stock Exchange (ZSE) says it is planning to publish a handbook profiling the over 50 listed companies on the main bourse to encourage more investment on ...

Anglo-American-owned platinum mine, Unki Platinum, recorded a 4% increase in platinum production to 89 400 ounces last year. ...

Transparency International Zimbabwe (TIZ) has expressed disappointment over the country moving only two places upwards to be ranked 158th out of 180 countries in the newly-released Corruption Perceptions ...

The African Development Bank’s (AfDB) has approved a US$685 000 grant to strengthen Zimbabwe’s capacity to manage disaster risk. ...

tHE Zimbabwe Insurance Brokers ZIB, as the only ISO 9001:2015 certified broker, prides itself as the true all-in-one insurance provider in Zimbabwe since 1985 with offices in Harare, Bulawayo and Mutare. ...

GOVERNMENT will soon introduce $50 notes to address the currency crisis in the short term as the Zimbabwe dollar (ZWL) continues to devalue, Finance minister Mthuli Ncube has said.. In June 2019, government reintroduced the ZWL as the sole legal tender without enough foreign currency or market confidence, which has seen it continue to devalue and raise the annual inflation rate to its current 520%. ...

THE Chamber of Mines of Zimbabwe (CoMZ) has revealed that mining firms have not been receiving regular power supplies despite having signed contracts with government. To help boost the nation’s power supply, government created a system whereby exporting firms could pay for dedicated uninterrupted electricity supply through settling energy bills in foreign currency. ...

civil society organisations and captains of industry, among others, have called on government to swiftly repeal the Gold Trade Act and formalise artisanal and small-scale mining to boost gold production. ...

ZIMBABWE has less than 100 000 tonnes (t) of grain in its strategic grain reserve — enough to feed the nation for only one month, Lands, Agriculture, Water and Rural Resettlement minister Perrance Shiri, has said. ...

THE mealie-meal situation in the country is set to stabilise in the next three to five weeks following millers’ intervention to import close to 100 000 tonnes of maize using their free funds, an official has said. ...

ZIMBABWE will likely experience an upsurge in both legal and illicit imports of cheap poultry products if local feed producers continue failing to access adequate maize as well as soyabean meal, a new report has revealed. ...

Farmers of Zimbabwe’s top forex earner, tobacco, have called on authorities to pay them in hard currency when this year’s marketing season kicks off in the next few months. ...

ZIMBABWE’S agriculture sector players should immediately come up with strategies on how to grow the sector in the face of climate change and limited access to appropriate funding among other challenges, a government official has said. ...

THE United Nations(UN) has painted a bleak picture of Zimbabwe’s economic outlook saying the economy shrank 5,5% last year and is envisaged to contract by another 2,5% in 2020. The UN’s annual report, the World Economic Situation and Prospects 2020, forecasts a modest acceleration in global growth, reaching 2,5% in 2020 and 2,7% in 2021. ...

TELECEL Zimbabwe says its operations have been affected mainly by limited funding for a long period of time, in the face of challenging economic conditions in the country. In a statement, Telecel said though it faced some challenges, it was not on the brink of collapse and continues to offer quality service to its customers. ...

We all can agree that starting your own business can be the most exhausting and difficult thing to do. But guess what it comes with so many great ...

Akon is set to build his own city, which is going to be known as Akon City. Reports are that this city will be powered by cryptocurrency. At ...

Zimbabwe’s regulatory environment for women’s economic inclusion has improved over the past two years, but Zimbabwe is missing mention among 40 countries globally that enacted 62 reforms that ...

Food, power and currency stability are the three things keeping Finance minister Mthuli Ncube awake at night. ...

THE Zimbabwe Tourism Authority (ZTA) will once again exhibit at the Spanish International Tourism Trade Fair (FITUR) commencing this week in Madrid, Spain, in a development likely to ...

THE country’s export promotion body, ZimTrade has urged small to medium enterprises (SMEs) to form viable associations to improve their performance and competitiveness on the export market. ...

GRAPPLING with rampant inflation, unabated foreign currency shortages and a drastic energy crisis, Zimbabwe’s gold production in 2019 succumbed to pressure and eased for the first time in ...

ZIMBABWE’S economic outlook is gloomy due to impending drought, prompting industry players to call for the country’s best minds to apply themselves to save the situation. ...