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ECB cuts deposit rate, reintroduces quantitative easing

The European Central Bank yesterday approved fresh stimulus measures to prop up the ailing euro zone economy. The ECB decided to push rates deeper into negative territory and also re-launched an extended bond purchase scheme. It also decided to keep its main refinancing interest rate at 0 percent and its …

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Solar power for airports

Ishemunyoro Chingwere Business Reporter GOVERNMENT will soon rollout a programme to install solar power at all the country’s airports as part of efforts to reduce pressure on the national grid and also to ensure continued power supply in the face of decreased generation. Zimbabwe is grappling with subdued power generation …

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Innovation a must for Zim: Expert

Pride Mahlangu Business Reporter ZIMBABWE’S economic transformation should ride on increased innovation and adoption of modern technology across the productive sectors, an official has said. Speaking on Wednesday during a tourism research conference held alongside the Sanganai/Hlanganani Expo underway in Bulawayo, Professor Ruhet Genc from the Turkish German University said …

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Muzarabani oil: Invictus on ground

Ishemunyoro Chingwere Business Reporter AUSTRALIA Stock Exchange-listed miner, Invictus Energy, has finished desktop exploratory work for oil and gas discovery at its Muzarabani prospective area and is now moving on the ground with the first drilling expected in the first quarter of next year. The prospect had its potential upgraded …

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Zim chrome giants in joint venture

Martin Kadzere Senior Business Reporter Zimbabwe’s ferrochrome producers Zimasco and Afrochine Smelting, have entered into a joint venture to build four chrome smelters in Mberengwa in the Midlands Province, spokesperson for Zimasco, Ms Clara Sadomba said yesterday. Zimasco, a unit of Chinese-owned Sinosteel and Afrochine are the country’s largest ferrochrome …

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No stroll in the park for new MPC, RBZ boards

No stroll in the park for new MPC, RBZ boards BY FIDELITY MHLANGA The new Monetary Policy Committee (MPC) and Reserve Bank of Zimbabwe (RBZ) boards face a daunting task in dealing with the country’s monetary problems and bring the much-needed stability and confidence in the market. These problems range …

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Power cuts choke Cafca cables demand

BY MISHMA CHAKANYUKA ZIMBABWE Stock Exchange-listed cable manufacturer, Cafca Limited says future cable demand is unpredictable owing to the impact of prolonged power cuts in the country. Zimbabwe has been facing acute power shortages lasting 18 hours a day as the power utility company, Zesa Holdings, cited several challenges, which …

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Sanganai/Hlanganani Expo opens on high note

BY NKULULEKO SIBANDA / WINSTONE ANTONIO THE 2019 edition of the Sanganai/Hlanganani World Tourism expo kicked off in Bulawayo yesterday with players in the sector describing it as much better than previous editions. Tourism Business Council of Zimbabwe (TBCZ) president Paul Matamisa told journalists that this year’s event was an …

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ZSE Outperforms African Bourses

By Brett Chulu It is totally ironic that for all the negative macro-economic and social indicators we are accustomed to when it comes to Zimbabwe, our Zimbabwe Stock Exchange (ZSE) is the best performer in Africa. This column is read by people from various backgrounds, including financial and non-financial. Looking …

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Can Zimbabwe Become a Developmental State?

By Vince Musewe “If our fundamental political and economic structures have not changed significantly from the past, it simply means that we can neither expect nor create new outcomes.” The transformation of any society requires three things: first the profound realisation that it must change, second is finding those practices …

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