Home / Business

Business

Edgy ZCTU Boss Begs Police to Reveal His Arrest Status

By Alois Vinga ZIMBABWE Congress of Trade Unions (ZCTU) president, Peter Mutasa’s lawyers have written to police demanding to know if the firebrand trade unionist was on their wanted list. This follows last week’s violent citizen protests over a fuel price hike. Authorities have blamed Mutasa and his organisation for …

Read More »

Alrosa, Anjin to partner ZCDC

Africa Moyo Senior Business ReporterGovernment has identified Alrosa Diamond Company and Anjin Investments as the foreign firms that will participate in the country’s diamond sector. The Zimbabwe National Diamond Policy, which was approved by Cabinet on December 4 last year, says the Zimbabwe Consolidated Diamond Company (ZCDC), Murowa Diamonds and …

Read More »

Govt Readies for New Currency

By Kudakwashe Mhundwa Government has made progress in terms of achieving conditions that need to be fulfilled on the macro-economic front before the reintroduction of local currency, according to Finance and Economic Development Minister Professor Mthuli Ncube. This follows Minister Ncube’s announcement recently that the country will have its own …

Read More »

Let’s work together: Mthuli

Michael Tome Business ReporterFINANCE and Economic Development Minister Professor Mthuli Ncube has implored the nation to unite and work together to revive the economy. Professor Ncube said this on Tuesday night in an interview with CNN’s Richard Quest. “We must work together. The President (Mnangagwa) has asked for dialogue among …

Read More »

Mupfumira appoints tourism ambassador

Michael Tome and Kudakwashe MhundwaENVIRONMENT, Tourism and Hospitality Industry Minister Prisca Mupfumira, has appointed Touchroad International Holdings chairman Dr He Liehui as the country’s tourism ambassador to China. She made the appointment on Tuesday at the launch of Tour Africa-New Horizon Project. Black Panther movie icon, Danai Gurira, celebrated springbok …

Read More »

Strive for peace, unity: IMF

Africa Moyo Senior Business ReporterThe International Monetary Fund (IMF) has called on local political players to observe peace at all times to ensure economic growth, which is primed to surge by 3,1 percent, driven by a raft of positive measures announced by Government recently. This was said last week by …

Read More »

Millers plead with Govt to suspend law

Bulawayo BureauThe Grain Millers Association of Zimbabwe (GMAZ) is appealing to Government to temporarily suspend shop licensing laws to allow more middlemen to distribute stock from the millers. GMAZ chairman Tafadzwa Musarara said this during a tour of grain milling companies in Bulawayo on Tuesday. His call comes amid fears …

Read More »

Govt avails US$1bn support to industry

Golden Sibanda Senior Business ReporterGovernment says it allocated a cumulative US$1 billion, through the Reserve Bank of Zimbabwe (RBZ) towards supporting companies in the manufacturing industry between January and December 2018, representing a 2 percent growth on allocations made in 2017. Industry and Commerce Minister Mangaliso Ndlovu told delegates at …

Read More »

Kombi Operators Have Themselves to Blame

By Tafara Shumba The modernisation of the mass public transport system in Zimbabwe through the introduction of the Zimbabwe United Passenger Company (ZUPCO) buses will restore sanity and ameliorate the challenges commuters have been subjected to. The conventional buses charge commuters just a dollar for a single trip in Harare …

Read More »

SA rand recovers

The South African rand recouped some of the previous day’s losses early on Wednesday, before the release of inflation data which is expected to show a significant slowdown in price rises for consumer goods. At 0711 GMT, the rand traded at 13.9325 versus the dollar, 0.2 percent stronger than its …

Read More »
error: Content is protected !!