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Govt Clears Investment Bottlenecks

Midlands Bureau — GOVERNMENT is working on removing investment bottlenecks caused by the Indigenisation and Economic Empowerment Act, which scared away potential and existing investors, the President has said. The move seeks to create a conducive environment in line with ease of doing business reforms to transform the country into …

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Zim firm partners UAE-based satellite broadband company

BY MISHMA CHAKANYUKA UAE-based global satellite broadband service provider, Yahsat yesterday announced a strategic partnership with Zimbabwean operator, Zodsat. YahClick provides commercial Ka-band satellite broadband service in the Middle East, Africa, Central and South West Asia, while Zodsat, is a market-leading teleport, satellite and network operator in Zimbabwe. “The partnership …

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Interbank not helping us: Delta

BY TATIRA ZWINOIRA Delta Corporation Limited chief executive officer Pearson Gowero says the company is struggling to access enough foreign currency from the interbank market recently introduced by the Reserve Bank of Zimbabwe. Despite struggling to meet their foreign currency requirement, the beverage manufacturer grew its profit after tax by …

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Mthuli Beams Light On Economy

Measures contained in the Transitional Stabilisation Programme (TSP) and 2019 National Budget have seen Government revenue collections surpassing targets by 8,2 percent, Finance and Economic Development Minister Professor Mthuli Ncube has said. He said this while delivering a State of the Economy report in Parliament, amid high drama, especially from …

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ZFU Distributes 300 Phones to Agriculture Extension Officers

The Zimbabwe Farmers’ Union, (ZFU) through support from Technical Centre for Agricultural and Rural Cooperation (CTA) is distributing 300 Android mobile phones to Agricultural Extension officers who will be information contact persons, disseminating important information on Climate Smart Agriculture practices from the Union to the farmers. The three hundred extension …

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Oil prices rise

Oil prices rose yesterday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling US crude inventories. Brent crude futures were up 97 cents, or 1,4 percent, at $72,72 a barrel at 7:21 a.m. ET (1121 GMT). Brent, the international benchmark …

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Water conservation: Time to up the game

Water is a very important resource giving life to humans, plants and animals. Water is quite a strategic resource that is also at the centre of socio-economic activities that include agriculture, health, energy, manufacturing, tourism, transport and construction among others. However, it must be appreciated that water is a finite …

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Gold prices slip

Gold slipped yesterday, pressured by technical selling after repeatedly failing to breach $1 300 this week, though US sanctions on Chinese telecoms company Huawei dented risk appetite and limited bullion’s losses. Spot gold was down 0,2 percent at $1 294,31 an ounce, holding in a relatively narrow range of about …

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US$800m to oil interbank market

Tawanda Musarurwa Senior Business Reporter Fiscal and monetary authorities are working to enhance the effectiveness of the interbank foreign exchange market by taking steps that will release around US$800 million into the market, Finance and Economic Development Minister Mthuli Ncube has said. The interbank market was introduced this February to …

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