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Zimbabwe Business News - Page 2 of 1045 - Zimbabwe Today
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Business

Zimbabwe: Miner Seeks Grace’s Eviction From Mazowe Farm


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By Mary Taruvinga Embattled former First Lady Grace Mugabe has been dragged to court by a Mazowe gold miner Langton Chapungu who is claiming ownership of Smithfields farm in Mazowe. The property is where Grace’s orphanage is located. Chapungu wants late former President Robert Mugabe’s widow and everyone residing at …

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Southern Africa: SADC to Deploy Troops in Mozambique


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Fungi Kwaramba — SADC member states have resolved to deploy a force to help Mozambique contain insurgency in its northern provinces where terrorists have left a trail of destruction that also threatens regional peace. The decision was adopted at the 16-member regional bloc Extraordinary Summit that was held in Maputo, …

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Zimbabwe: Chinese Bank ‘Ditches’ Sengwa Coal Project


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By Donald Nyarota A top Chinese bank with a global portfolio including fossil fuel extraction, has tentatively agreed to stop financing the controversial Sengwa coal project in Gokwe after bowing to civic pressure. In a communique following the postponement of a meeting by Affected Communities of the Industrial and Commercial …

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Zimbabwe: Mycroft Appointed Meikles Acting CEO


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By Alois Vinga Seasoned retail manager, Malcom Mycroft has been appointed Acting Chief Executive Officer for Meikles Limited. In an updated Tuesday, the listed conglomerate’s company secretary, Thabani Mpofu said Mycroft was elevated to assume the Executive Director’s post and will also be the acting Chief Executive Officer of the …

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Zimbabwe: Mangudya Dismisses U.S. Dollar Ban Claims


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By Stephen Tsamba Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has dismissed social media claims authorities have banned the use of foreign currency in formal transactions. In a statement Tuesday, the RBZ boss said the apex bank has noted the circulation of false articles on social media reinforcing the …

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Zimbabwe: Residents Challenge ‘Exorbitant’ Zesa Power Connection Fees


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By Alois Vinga FAIRVIEW Park residents have challenged exorbitant power connection fees which have been levied on them by the developer in violation within the area. The developer, it has been said, is demanding payments which are almost four times those legally charged for new housing units to be connected …

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Zimbabwe: 52,000 Hectares of Wheat Germinated By June 15 Planting Deadline


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By Elita Chikwati At least 52 000 hectares of wheat had germinated by the June 15 planting deadline and follow-up visits by extension officers to farms are underway to ensure high-quality output. The hectarage that has germinated is 5 percent more than the 49 602 hectares during the same period …

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Zimbabwe: Livestock Traceability Facility Launched


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By Elita Chikwati E-Livestock Global has launched a first-of-its-kind solution powered by Mastercard’s blockchain-based Provenance solution that will enable farmers to prove the origin and health records of their cattle, while reducing risks to buyers. The facility which is the first in the Middle East and Africa will improve traceability …

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Zimbabwe: Cabinet Approves Airzim Revival Principles


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By Farirai Machivenyika- CABINET has adopted the principles of the Air Zimbabwe Debt Assumption Bill, which will allow for the clearance of the airline’s domestic and external debt, and the appointment of a new board and management to run the airline, thus permitting its exit from the reconstruction order that …

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Zimbabwe: Tobacco Sales Earn Farmers Us$415m So Far


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By Millicent Mtombeni- Farmers have so far sold 152 million kilogrammes of tobacco worth US$415 million, which is 40 percent higher than the volume of tobacco sold over the same period last year. Statistics from the Tobacco Industry and Marketing Board (TIMB) show that lower volumes were sold on the …

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