Business

Business

THE Reserve Bank of Zimbabwe (RBZ), through its wholly-owned subsidiary Fidelity Printers and Refiners (FPR), has to date disbursed $120 million out of the $150 million Gold Development Initiative Fund (GDIF) for small-scale miners. ...

ZIMBABWE’S mobile network operators recorded a 36% increase in revenue to $1,1 billion in the full year to December 2018 despite a 25% increase in operating costs, the industry regulator has reported. ...

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has summoned Zol Zimbabwe for questioning over its unauthorised data tariff increase, NewsDay has learnt. ...

TOBACCO farmers are on collision course with merchants who are demanding repayment of loans issued to farmers in United States Dollars, as the contract tobacco sales commence. ...

Zimbabwe is set to benefit from a US$38 million fund by The Coca-Cola Company (TCCC) to tackle plastic pollution in Southern, East and Central Africa over three years. ...

A SELF-TAUGHT Zimbabwean, Washington Mkombodzi has created a free online shopping application, ZimexApp which provides a virtual platform for small businesses (SMEs) to reach out to the market. ...

ZIMRE Property Investment (Zimre) has completed construction of its $13 million shopping mall in Victoria Falls with the facility set to be opened to the public by the end of this month, an official has said. ...

The photograph of the two women crossing the finish line of last year’s PPC Marathon together. One supporting the other and easing her down to the ground as ...

BULAWAYO-BASED textile maker National Blankets is facing imminent liquidation after failing to court a suitable investor to inject fresh capital into the ailing company. ...

CORRUPTION remains a major problem in Zimbabwe despite government pronouncements to fight the rot, a report by the United States has revealed. ...

The Insurance and Pensions Industry (Ipec) plans to adopt a risk-based supervision framework, moving from the current compliance-based model in a move that is expected to improve the regulator’s oversight of the industry. ...

ZIMBABWE’S fertilizer industry says it is constrained by forex shortages, but it still has the capacity to produce enough to meet the country’s demand this year and export excess production. ...

PROPERTY investment and development company Mashonaland Limited Holdings recorded a 7% increase in revenue to $1,68 million in the four months to January, driven by higher occupancy levels across the company’s portfolio. ...

Tom Enders just couldn’t resist the swipe at the competition ...

OIL Expressers Association of Zimbabwe (OEAZ) says the country’s soyabean production needs urgent support so as increase output and cut reliance on imports. ...

Amandla Brands, a local food processing start-up which won CBZ’s Youth Entrepreneurship Programme (YEP), says it is exploring new markets, with the introduction of a new product range designed to bring convenience to the traveller. ...

FIDELITY Life Medical Aid Society has launched the country's first low-cost diabetes and hypertension management application. ...

A lot of stakeholders have lost complete confidence in the role of Boards due to some of the horrid scandals that time has come to see mainly due ...

Good Governance and the Board selection process ...

ZIMBABWE is likely to experience an upsurge in both legal and illegal imports of cheap poultry products this year due to an increase in costs of production, an industry official has said. ...

ECONOMIST John Robertson says Zimbabwe’s economic situation is beginning to look promising following the central bank’s decision to liberalise the foreign exchange market last month. ...

Chinese multinational company Touchroad International says it will partner local property firm, Mashonaland Holdings Limited, in the development of a five-star hotel in Harare. ...

WORKERS in the mining industry have been awarded an 80% salary increment following collective bargaining negotiations which will see the lowest paid employee in the sector earning ZWL$468,58 per month. ...

SCHWEPPES Zimbabwe Limited came first in the Southern African Development Community Annual Quality Awards (SAQA) – Large Enterprise category for the year 2018-2019. ...

It is an unverified historical belief that bear and bull markets were named after the way in which a bear and bull attacks. Bulls tend to thrust their ...

ZIMBABWE’S trade opened the year in the negative, registering a $44,2 million deficit in January, latest data from the statistics agency has shown. ...

ZIMBABWE’S power utility is considering increasing electricity tariffs by as much as 30% to reflect the rise in production costs following the devaluation of the local currency last month. ...

EMPOWERBANK has to date disbursed over $1,2 million in loans to young entrepreneurs across the country with another $4 million in applications still under consideration, the bank’s board chairman Raymond Njanike has said. ...

A Mauritius-registered company, Grandwell Holdings, a shareholder in Mbada Diamonds (Pvt) Ltd, has lost a bid to secure a contempt of court order against government after the High Court dismissed its application with costs. ...

Harare businessman and University of Zimbabwe (UZ) lecturer, Shakespear Hamauswa, has petitioned the High Court seeking a court order to declare unconstitutional the Presidential (Temporary Measures) Act, which President Emmerson Mnangagwa evoked as legal basis to introduce the RTGS$. ...