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CABS’ perspectives on getting mortgages

IF you are building or buying property, there are several steps that you need to follow to be able to get a mortgage facility. There are also a number of mortgage options depending on your requirements.  What you need to know according to CABS as posted on Old Mutual Zimbabwe’s …

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Smuggled Blankets Suffocate Waverly

By Golden Sibanda Zimbabwe’s remaining blanket manufacturer, Waverly Blankets, faces collapse as its operations are being suffocated by an influx of smuggled blankets allegedly from China. It is understood that once the blankets leave China, they are taken to South Africa before being smuggled into Zimbabwe where they are sold …

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Govt Engages Chinese Firm Over Beitbridge-Chirundu Highway

By Nyemudzai Kakore Government is engaging a new contractor from China, Anhui Foreign Economic Construction Group Limited (AFECC), for the dualisation of the Harare-Beitbridge and Harare-Chirundu highways after it withdrew the tender awarded to an Austrian company, Geiger International. The development follows a Cabinet directive made in March instructing the …

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‘RBZ has failed in forex allocation’

ZIMBABWE Textile Manufacturers’ Association (Zitma) says local banks should handle the foreign currency allocation system as the central bank has failed to allocate forex to the industry and was now facing collapse. BY MTHANDAZO NYONI Zitma vice president Freedom Dube told NewsDay recently that the Reserve Bank of Zimbabwe’s failure …

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Biti Raided $40mln Universal Services Fund-Mandiwanzira

ICT minister, Supa Mandiwanzira has blamed former Finance Minister Tendai Biti for allegedly stifling ICT growth in the country through unilaterally diverting the Universal Services Fund (USF) to other areas which had nothing to do with their primary purpose. The Zanu PF legislator was speaking while officially opening the Nyanga …

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ED Gives Priority to Road Projects

By Lawson Mabhena The new political dispensation led by President Mnangagwa’s appetite for action and less talk, has seen road projects that have been in the pipeline for over 30 years finally taking off. During a tour of Treasury-funded road projects in Mashonaland West, Midlands, Bulawayo and Matabeleland South provinces …

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$4,5bn Batoka Deal to Create 6 000 Jobs

By Levi Mukarati Bindura — Zimbabwe and Zambia have agreed on principles for the $4,5 billion Batoka Gorge Hydro Electricity project secured by Harare, paving way for a technical meeting this week between experts from two the countries, President Mnangagwa has said. Zimbabwe recently received an expression of interest from …

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Corteva Agriscience enters Zim

Seed producer DowDupont has introduced a standalone Corteva Agriscience Company in Zimbabwe that will specialise in production of high quality seeds and crop protection products. By Freeman Makopa DowDuPont commercial unit director, Prabdeep Bajwa told journalists in Harare on Friday that the company will help farmers increase their productivity and …

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