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Zim crafts investment facilitation bill

The government is intensifying its open business policy drive by crafting legal documents that will provide backing for this new position. The development is widely expected to result in major changes to the handling of investment proposals and combat   the vice of bureaucratic delays. Within the last 6 months, Zimbabwe …

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Electronic transactions surge

The ability of the retail and wholesale sector to comply with a central bank’s minimum $20 per day cashback payout to clients is being hampered by the increased uptake of electronic transactions which has now recorded a 95 percent uptake. It emerged at the 2018 retailers and wholesalers indaba in …

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ZCDC, MDT sign MOU on Chiadzwa projects

State owned Zimbabwe Consolidated Diamond Company (ZCDC) has signed a memorandum of understanding (MOU) with the Marange Development Trust (MDT) paving way for the development of several projects in the community where the precious gems are extracted. The signing of the MOU will result in the government owned mining firm …

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Explosives firm seeks strategic status

KWEKWE-based explosives manufacturer GML Explosives has engaged Government seeking to be granted national strategic company status. GML Explosives, formerly Dyno Nobel, is the only civil explosives manufacturing company in Zimbabwe. The firm was taken over by a consortium of Croatian businessmen and re-opened in 2014. The company had shut down …

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Vic Falls tourist arrivals surge 20,7pc

Victoria Falls continues to be dominant as the country’s major tourist attraction centre after recording 20,7 percent rise in arrivals during Easter Holidays compared to the same period last year. Statistics from the Zimbabwe Parks and Wildlife Management (Zimparks), show that arrivals rose to 6 147 this year compared to …

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World’s best-selling sports coupe

Global demand for the new 2018 Ford Mustang has driven Mustang to its third straight year as the best-selling sports coupe in the world. Global Mustang registrations in 2017 totalled 125 809 cars, according to Ford analysis of the most recent new light vehicle registration data from IHS Markit. This …

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Ramaphosa in drive to woo investors

President Cyril Ramaphosa will approach the task of rebuilding South Africa’s image as an attractive investment destination “with a private-sector lens”, he said in an interview with the Financial Times on Wednesday. The president is in the UK where he is leading South Africa’s delegation to the Commonwealth Heads of …

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Chinese company to build $7bn tourism city

Chinese multinational group, Touchroad Holdings Group, is planning to develop a $7 billion tourism city in Zimbabwe as investor interest in Zimbabwe by international tourism players from the Asian economic giant grows. Touchroad Group chairman, Mr He Liehui, is expected in the country in June, leading a delegation of 17 …

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TelOne sets up day offices for start-ups

INTEGRATED telecommunications firm, TelOne, has launched a “day office” facility at the Main Post Office building in Harare as part of efforts to promote small and medium enterprises (SMEs) and startups. The day offices provide small businesses and individuals with furnished workstations and access to the internet at a low …

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Chihuri Ought to Attend Parly

By Zvamaida Murwira While efforts by the Mines and Energy Portfolio Committee chaired by Norton MP Mr Temba Mliswa (Independent) to unravel the untold story of diamond extraction in Chiadzwa continue, the work by legislators might be futile if former Police Commissioner-General Augustine Chihuri does not give evidence. Former President …

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