Business

Top Harare lawyer and businessman, Tawanda Nyambirai has approached the High Court challenging a US$70 000 electricity bill his company, TN Gold Arcturus Mine has been handed by the Zimbabwe Electricity Transmission Distribution Company (ZETDC). Nyambirai wants the unpaid electricity bill to be declared invalid and also for the courts …

The Zimbabwe Power Company (ZPC) has been taken to court by a local company, Realquot Construction on allegations of failing to honour a US$750 000 contract. The failed contract was for the extension of the Hwange Power Station guest house. The aggrieved company has since approached the High Court seeking …

In a virtual signing event symbolic of the technologically powered new normal, Standard Bank, the parent company of leading financial services institution, Stanbic Bank Zimbabwe, has unveiled an extended agreement with global customer engagement expert Salesforce to deliver positive digital experiences to its clients. Standard Bank Group Chief Executive, Sim …

Government has issued a Treasury Bill (TBs) tender amounting to ZWL$ 500 million to local banks and building societies with a 270 and 364 day tenure as authorities seek to raise resources to meet Covid-19 pandemic expenditure. The pandemic has come at a time government finances are squeezed, and has …

The National Railways of Zimbabwe (NRZ) is weighing various options of leveraging its vast tracts of land in its property portfolio across the country to widen revenue generation streams. This was said by Transport and Infrastructure Development Minister Joel Biggie Matiza after touring some of the pieces of land in …

After slow production during the Covid-19 lock down, Zimbabwe’s gold sector has had a drastic come back reporting gold revenue is up almost 50 percent at least one of its major mines. The total revenue recorded for the second quarter of 2020 clocked and impressive to USD23. 6 million, that …

Ex-Zipra cadres have expressed grave concern over the fast deteriorating economic situation among ordinary Zimbabweans now worse off than they were during the colonial era, something that saw late nationalist Joshua Nkomo and others take up arms to fight the injustices. The former struggle heroes held commemorations in Bulawayo to …

Bhekasz Shalom Solutions (BSS) Pvt Ltd, a Zimbabwean owned but Chinese based shipping company says it will offer 50% discounts to local medical suppliers who will be shipping their equipment from overseas during the COVID-19 period as part of its efforts to give back to the community. BSS Chief Executive, …

The Reserve Bank of Zimbabwe (RBZ) on Tuesday restored the bank policy rate to 35 percent as part of measures to curb speculative borrowing and support the smooth functioning and sustainability of the foreign exchange auction system. Generally, a bank policy rate is the rate used by central banks to …

Finance Minister Mthuli Ncube has been issued with a final warning by the Foreign Affairs Parliamentary Committee after failing to turn up and give oral evidence on issues to do with his portfolio. The Treasury head was expected to explain why his ministry had stalled in disbursing US$5 million to …