Business

Business

THE Zimbabwe Agricultural Development Trust (ZADT) has so far disbursed a total of $87,5 million to agri-businesses through micro-finance institutions (MFIs) and banks, officials say. ...

ZIMBABWE’S business leaders want government to suspend the Statutory Instrument (SI)22, which is meant to protect local industry from cheap and non-essential imports, to counter the growing shortages ...

Millers have called on the Transport ministry to intervene to expedite the transportation of wheat into the country after it emerged that a consignment of imported wheat is ...

As prices rise and the foreign currency black market becomes volatile, Zanu PF will find it harder to resist the urge to repeat its old errors. And, in ...

ZIMBABWE’S trade deficit with South Africa jumped 285% to $585,76 million in the period February to September this year compared to $152,1 million recorded during the same period ...

PARLIAMENT has gazetted the Companies and Other Business Entities Bill, 2018, which will, among other issues, update the archaic 67-year-old Companies Act which was legislated way back in 1951. ...

THE majority of exhibitors who took part at the mining, engineering and transport exhibition (Mine Entra) managed to seal “lucrative” deals, the Zimbabwe International Trade Fair (ZITF) Company has revealed. ...

THE year-on-year inflation rate stood at 5,39 % in September, the highest since dollarisation, latest data from the Zimbabwe National Statistical Agency (ZimStat) shows. ...

First Capital Bank Limited Zimbabwe will focus on aggressive lending going forward to grow its net interest income, its managing director Samuel Matsekete has said. ...

Renowned American economist, Steve Hanke says Zimbabwe’s new fiscal and monetary measures have left the market in a state of confusion, and opined that the country’s annual inflation rate had topped 200%. ...

MINING industry recorded strong performance during the first eight months of 2018, with the majority of key minerals posting significant output growth led by diamond at 22% increase, Chamber of Mines of Zimbabwe chief executive officer Isaac Kwesu has said. ...

BEVERAGE manufacturer, Delta Corporation has urged government to engage with stakeholders before major policy pronouncements to maintain market confidence. ...

Fast food franchise KFC has temporarily shut down its outlets in Zimbabwe citing foreign currency challenges and supply problems. ...

NEARLY 90% of raw materials and consumables used by the mining sector are being sourced offshore, an indication that the local manufacturing sector is in the doldrums, Industry and Commerce deputy minister, Rajeshakumart Modi has said. ...

ZIMBABWE yesterday took delivery of 3 000 tonnes of wheat, averting possible bread shortages, but millers warned that this was not enough to meet demand. ...

GOVERNMENT has been urged to de-dollarise only bank balances built after October 1 when bank accounts were separated into US dollar and real time gross settlement (RTGS) accounts, to protect people’s savings. ...

THE Zimbabwe Stock Exchange (ZSE) market capitalisation hit $16,7 billion on Tuesday, about 67% of the gross domestic product, as investors took shelter in equities to escape Zimbabwe’s currency crisis. ...

At a time the country is battling cooking oil shortages, oil producers say they have sufficient crude oil to meet demand. ...

GOVERNMENT has opened consultations with industry on rules of origin (RoO) for the ambitious African Continental Free Trade Area (AfCFTA) aimed at promoting duty-free flow of goods and services originating in the bloc. ...

THE Association of Healthcare Funders of Zimbabwe (AHFoZ) says medical aid societies and pharmacies have started demanding payment in United States dollars, compromising health, quality of life and labour productivity. ...

Government has dissolved the NetOne board. ...

The construction sector has urged government to engage local contractors in its major construction projects to avoid the drainage of foreign currency through foreign tenders, according to Zimbabwe Building Contractors Association (ZBCA) president, Ramson Nherera. ...

RIOZIM says its operations are under threat from a critical shortage of foreign currency to sustain and grow its business and has blamed these challenges on failure by the Reserve Bank of Zimbabwe (RBZ) to pay the gold producer price in foreign currency, crippling its operations. ...

ZIMBABWE’S trade deficit rose 28% to $1,6 billion over the period February to August 2018 from $1,25 billion recorded during the same period last year, further depleting the country’s precarious import cover, which has remained around two weeks since 2015. ...

The price of bread has gone up while transport fares have also moved northwards, a clearest sign of increased economic turmoil coming on the back of recent monetary ...

FINANCE minister Mthuli Ncube says government will accelerate the reform of State-owned Enterprises (SoEs) and parastatals, starting with quick hits such as TelOne, NetOne and the People’s Own ...

THE Zimbabwe International Trade Fair (ZITF) Company has opened more exhibition space for the Mining, Engineering and Transport (Mine Entra) expo taking place this week to accommodate more ...

Central African Building Society (Cabs) says it is focused on providing long-term finance and has already secured over $30 million in credit lines, which is ready for disbursement ...

Industry and Commerce minister Nqobizitha Ndlovu has challenged Zimbabwe’s manufacturers to adopt new technology and scale up innovation through increased research and development investments in order to boost ...

TELONE, a State-owned converged telecommunications company, has launched an entertainment streaming service, Digital Entertainment on Demand (DEOD), in partnership with South Africa’s Discover Digital. ...