Business

Government has disbursed $20 million to assist business operators whose properties were damaged during an opposition instigated violent protests in January this year which left a trail of destruction and claimed several lives. This was said by Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa while addressing journalists on the …

By Fidelis Munyoro METBANK has filed a $100 million defamation claim against BDO Zimbabwe Chartered Accountants and the National Social Security Authority (NSSA) as damages over alleged false reports about the financial institution. The lawsuit comes at a time the bank was fingered in the NSSA corruption scandal with claims …

By Leopold Munhende Six Zesa top officials have been charged internally for alleged financial misdemeanour, acts that have haemorrhaged the power utility of millions of dollars. This was revealed Wednesday by Energy Minister Fortune Chasi during a post-cabinet media briefing in Harare. Chasi was responding to questions on how he …

By Leopold Munhende Government has warned participating in the MDC’s planned Friday demonstration against President Emmerson Mnangagwa’s administration will serve to lengthen Zimbabweans’ suffering. At a post-cabinet media briefing Wednesday, Information Minister Monica Mutsvangwa urged locals to shun the protest, dubbed “Free Zimbabwe March”. “In the light of planned demonstrations …

Government has assured the nation that there will be enough buses to ferry people to and from their destinations tomorrow in spite of the planned MDC Alliance demonstrations. There were fears that public transport operators, particularly kombis, would not operate during the demonstrations organised by Nelson Chamisa’s MDC Alliance. Speaking …

Foreign and local investors are a critical element in the ongoing economic reforms to ensure their success, economic expert Professor Ashok Chakravati has said. He said this while addressing a group of Indian investors at a Zimbabwe India Chamber of Commerce meeting in Harare yesterday. In line with President Mnangagwa’s …

Zimbabwe’s pan-African integrated information communication technology solutions company, Twenty Third Century Systems (TTCS), has won another tender in Malawi with a new deal to integrate various solutions for the country’s Revenue Authority. The deal was confirmed this week. Already, the company’s operations in Malawi are running smoothly with the multi-million …

NEW York. — Wall Street sold off sharply on Wednesday as recession fears gripped the market after the United States Treasury yield curve temporarily inverted for the first time in 12 years. All three major US indexes closed down about three percent, with the blue-chip Dow posting its biggest one-day …

Enacy Mapakame Regional seed manufacturer, Seed Co Limited’s expansion initiatives in Africa are expected to bear fruit this 2019/20 farming season on the back of increased varieties and capacity, good weather and a generally firm demand across the region. This comes as Seed Co is consolidating its market dominance across …

FINANCE Minister Professor Mthuli Ncube’s Finance Bill and $10,62 billion Supplementary Budget as well as measures proposed in the mid-term budget to boost production and revenue inflows sailed past the last potential hurdle after Senate approved three Bills yesterday, which now only await Presidential assent to become law. This was …