Business

Business

German Senior Experten Services (German SES), a development agency, is looking forward to increase the number of its experts in 2019, as part of its support for Zimbabwe’s development agenda. ...

FINANCE minister Mthuli Ncube says he will embark on a roadshow to global capital powerhouses in Europe and the United States to explain to would-be investors the progress the country has taken so far on its reform agenda. ...

Former City of Harare treasurer, Misheck Mubvumbi, has approached the High Court seeking an order to compel his ex-employer to pay him pension benefits amounting to over $300 000. ...

THE National Railways of Zimbabwe (NRZ) has adopted a green energy policy after realising that most generators used on its wagons were old and frequently broke down, while spare parts were difficult to get. ...

ZIMBABWE’S top major foreign currency earners — tobacco growers — toil and till the soils growing the crop that drives the economy, only for their sweat to be rewarded in real time gross settlement (RTGS) dollars, a currency that threatens the crop and livelihood of the farmers. ...

One of the greatest writers of all time Harry A. Hopf said, “Often greater risk is involved in postponement than in making a wrong decision.” The reason for ...

ZIMBABWE’S banking sector remained generally stable and adequately capitalised during the year ended December 2018, but the quality of assets deteriorated as reflected by the increase in the average non-performing loans (NPLs) to total loans ratio, the central bank has revealed. ...

Zimbabwe registered a 62% increase in the value of transactions processed on its payment system to $151,75 billion in 2018 from $93,83 billion in the prior year, driven mainly by real time gross settlement (RTGS) transactions, official data has shown. ...

THE Zimbabwe Coalition on Debt and Development (Zimcodd) says the United States dollar will remain the base currency for trading purposes in Zimbabwe because businesses prefer trading in a stable currency. ...

LISTED conglomerate Meikles Limited has approached the High Court seeking an order compelling a local firm, Wide Free Investments (Pvt) Ltd T/A Core Solutions, to reimburse it over $1,7 million it received as payment for facilitating the recovery of a debt owed by government. ...

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has taken Metallon Gold Zimbabwe to court to compel the gold miner to settle a $9,3 million bill for power supplied to three of its mines. ...

JUSTICE minister Ziyambi Ziyambi has told Parliament that the forthcoming Mines and Minerals Bill will include provisions that will regulate the conduct of artisanal miners, and ensure their safety when carrying out underground mining activities. ...

ZIMBABWE is left with less than a week’s supply of bread flour due to non-payment of imported wheat by the central bank. ...

LISTED agricultural concern Ariston Holdings says it has started the season on a high note and anticipates a marked improvement in production of stone fruit, apples and macadamia this year, compared to 2018. ...

Distinguished insurance executive, Grace Muradzikwa is stepping down from NicozDiamond, Zimbabwe’s largest short-term insurer after 30 years with the company. ...

THE Zimbabwe Stock Exchange (ZSE) on Tuesday recorded one of its biggest trades in the post-dollarisation era dominated by trades in Econet and Cassava, valued at a record $222,46 million. ...

THE Zimbabwe National Road Adminstration (Zinara) says it will not increase road user fees despite resurgent inflationary pressures. ...

STATE-OWNED telecoms operator, TelOne, is forecasting to generate $165 million in revenue this year, which will be anchored on the company’s broadband business, digital services and other value-added services. ...

The National Social Security Authority (NSSA) will remain under the ambit of the Labour ministry despite calls to have the Insurance and Pensions Commission (Ipec) take over control of the cash-rich pension fund, an official has said. ...

AIR Tanzania is set to relaunch flights into Harare from Dar es Salaam this Friday at a time other airlines are pulling out of the country, citing currency challenges. ...

Delta Corporation is reportedly demanding customers to pay for part of their orders from the beverage maker in hard currency to allow it to source imported raw materials as a pressing foreign currency shortage intensifies, Newsday has established. ...

ZIMBABWE has managed to pay up more than half of its historical debt to the International Fund for Agricultural Development (IFAD) making it eligible to access a $225 million fund recently launched by the United Nations specialised organ. ...

THE value of shares that were traded on the Zimbabwe Stock Exchange (ZSE) was up 33% in 2018 to $926,3 million, as resurgent inflationary pressures forced investors to seek refuge in equities, an official has said. ...

ZIMBABWE’S egg production tumbled by 4% to 36,4 million dozens in 2018, as output by small-scale producers fell, according to a fourth quarter performance report by the Zimbabwe Poultry Association (ZPA). ...

ZIMBABWE’S central bank expects inflation to start slowing by October and believes current inflationary pressures are a temporary phenomenon despite hitting a 10-year high of 56,9 % in January. ...

There are many factors that facilitate the strength and growth of a country’s economy and its saving and investment culture is another factor. ...

State-run South African Airways (SAA) will pay its rival Comair 1,1 billion rand ($78 million) to settle an anti-competition case, sending shares in the local aviation company soaring. ...

Uganda’s economy is expected to grow 6,3% in the 2018/19 (July-June) fiscal year, slightly higher than the 2018 rate, helped by robust activity in sectors including manufacturing and construction, the International Monetary Fund (IMF) said. ...

ADDIS ABABA — Ethiopia and Djibouti have signed a deal to build a pipeline to transport Ethiopian gas to an export terminal in the Red Sea state, officials said. ...

THE Export Credit Guarantee Corporation of Zimbabwe (ECGC) has seen an increase in the number of exporters taking up the export credit insurance cover policy. The performance of insured exports, however, remains low due to high production costs among other constraints. ...