Business

By Elliot Ziwira Mapfumo Peter Gava, president of the United Democratic Front (UDF) says his vision is to create a new Zimbabwe premised on accountability, fiscal discipline and respect for the Constitution. Mr Gava, the party’s presidential contestant for the July 30 harmonised says his party seeks to create a …

By Tawanda Musarurwa The Common Market for Eastern and Southern Africa (Comesa) has launched the 50 Million African Women Speak (50MWS) Digital Networking platform in Zimbabwe. The digital platform is part of a broader women economic empowerment initiative funded by the African Development Bank, jointly implemented by three regional economic …

Everyone is aware that Zimbabweans want to import more than we export, and this is why foreign currency is in short supply and why the parallel market supplies currency for non-essentials at a significant premium. The gap is growing despite the growth in exports, mainly minerals and tobacco, and Reserve …

Gold steadied after falling to its lowest in more than six months yesterday as mounting pressure from a U.S.-driven trade dispute propelled the dollar to near a one-year high and led investors to dump equities. Global equities slipped to their lowest in almost three months, buffeted again after U.S. President …

The rand weakened to within a hair’s breadth of the symbolic R14/$, putting it on track for its worst quarterly performance since 2011. The rand has been a casualty in the trade spat between the US and China, which has brought uncertainty to the global market place, thus undermining appetite …

BUSINESS leaders in Bulawayo have pressed the Competition and Tariff Commission (CTC) to decentralise its operations by opening local offices to effectively assist companies. Contributing during a public workshop organised by the commission yesterday, business representatives in the city said they were facing numerous tariff and competition-related challenges that could …

By Africa Moyo The expansion of Hwange Thermal Power Station under a $1,5 billion facility is now set to begin in earnest after President Mnangagwa officiated at the groundbreaking ceremony for the project here yesterday. The project, which is expected to feed an additional 600MW into the national grid, could …

Property concern Dawn Properties Limited revenue for the five months to May 2018, increased 27 percent to $2,2 million compared to same period last year. Property income from hotels and timeshares was 33 percent higher than the same period last year on the back of good performance in the hospitality …

By Tawanda Musarurwa Zimbabwe’s manufacturing sector requires around $2 billion in capital funding for optimum operation, the Confederation of Zimbabwe Industries (CZI) has said. CZI president Sifelani Jabangwe pinpointed the pharmaceutical sector and agro-industry as the key sub-sectors most in need of urgent funding. “In total, to kick-off all the …

PRESIDENT Emmerson Mnangagwa has warned ZESA officials and their partners in the $1,5 billion Hwange Thermal Power Station expansion project to exercise the highest levels of financial discipline to ensure success. Further, the President called for hard work and team spirit so that the project is completed on time for …