Business

Enacy Mapakame The month-on-month inflation rate for August 2019 slowed to 18,07 percent after shedding 2,97 percentage points on July’s 21,04 percent. According to the Zimbabwe National Statistics Agency, (Zimstats) this means that prices as measured by the all items CPI (Consumer Price Index), increased by an average rate of …

By Daniel Nemukuyu BELARUSIAN Chief of Presidential Affairs General Colonel Victor Sheiman arrived in the country yesterday on a three-day visit during which he is expected to meet President Mnangagwa to discuss investment in agriculture, mining, power, construction and transport. He was received at Robert Gabriel Mugabe International Airport by …

Zimbabwean industrialists and economists say the current shortage of maize meal and the subsequent astronomical price increases of basic goods are being caused by the Competitions and Tariffs Commission’s (CTC) interference in the manufacturing sector’s self-regulatory initiatives. CTC recently banned millers from monitoring prices of their products saying that they …

By Blessings Chidakwa President Mnangagwa has called for beneficiaries of the successful Land Reform Programme to optimally use their land to ensure food security. The Head of State and Government and Commander-in-Chief of the Zimbabwe Defence Forces made the remarks on Saturday while paying tribute to the country’s founding father …

By Africa Moyo The Zimbabwe Energy Regulatory Authority (Zera) yesterday shut down a Maps Fuel service station on allegations of conducting business outside its licence conditions. The service station was reportedly refusing to sell fuel to consumers without hard cash. This resulted in a serious commotion at the fuel station, …

By Persistence Gwanyanya The Mid-Term Monetary Policy Statement (MPS) came a time when the country recently introduced its sovereign currency, the Zimbabwe dollar, which effectively reactivated the monetary policy leg of the economic management tool box. Importantly, the policy statement was timely as it came at a time when the …

Daniel Nemukuyu Investigations and Special Reports Editor THE production of 500 buses offered to Zimbabwe to modernise its mass public transport starts next month, Belarus Chief of Presidential Affairs General Colonel Victor Sheiman has said. The visiting top Belarusian government official said designs for the appropriate buses for Zimbabwean roads …

By Alois Vinga Companies in Zimbabwe continue to rake in huge profits on the back of continued price increases despite operating in an environment characterised by reduced product demand and poor customer purchasing power. An snap survey carried out by NewZimbabwe.com Business showed that companies such as National Tyre Services’ …

By Alois Vinga MINES and Mining Development Minister, Winston Chitando on Thursday said government was planning to work towards generating energy by taking advantage of thermal coal which has the potential to generate over 2 400 megawatts by 2023. Speaking at the second quarter state of the economy business breakfast …

By Paidashe Mandivengerei Zimbabwe’s striking doctors have vowed to continue with their job action despite the abduction of union leader by suspected State agents on Saturday. Peter Magombeyi, acting president of the Zimbabwe Hospital Doctors Association (ZHDA) was seized by some unidentified men in what has been linked to an …