Electricity rates unattractive for exports: Khaya Moyo
Tinashe Makichi Business Reporter Zimbabwe has the highest and least competitive electricity costs in the region, a situation which has made its exports unattractive.In Zimbabwe, users are required to...
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Zim on course for IMF, WB funding
Minister ChinamasaGolden Sibanda Senior Business Reporter GOVERNMENT has asked international financial institutions owed by Zimbabwe to extend financial support to the country soon after it has cleared...
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CUT Hotel takes over Orange Grove
CUT HotelMartin Kadzere Senior Business Reporter CUT Hotel, a strategic business unit of Chinhoyi University of Technology has assumed management of Orange Grove Hotel and Conference Centre, three...
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Mazda Swaraj partners Mr T35 Zimbabwe
Mazda SwarajTinashe Makichi Motoring Mazda Swaraj Limited India has entered into a strategic partnership with Mr T35 Private Ltd Zimbabwe in a deal that will see the company become a distributor of...
View ArticleEconet profit slumps
Walter Muchinguri Assistant Business Editor The country biggest mobile services provider Econet recorded a 52 percent drop in profit after tax to $23,8 million for the half-year period ending August 31...
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Govt launches monitoring policy
Dr Misheck SibandaHappiness Zengeni Business Editor GOVERNMENT has launched the National Monitoring and Evaluation Policy to facilitate effective implementation of its medium-term economic blue...
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Annual inflation rate sheds 0,34 points
Business Reporter The annual rate of inflation shed 0,34 percentage points on the August rate of -2,77 percent to -3,11 percent, as the prevailing tight liquidity and low disposable incomes maintained...
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Zim to host crucial Africa climate conference . . . as CC proves nightmare...
Jeffrey Gogo Climate Story HUMANS tend to ascribe titles to certain things or phenomena that are indicative of their own intellectual and physical limitations to things that dwarf the understanding of...
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Tax executives set to convene
Mr Henry GaperiBusiness Reporter Tax administrators from all over Africa are set to meet from October 20 to 22 2015 in Lomé, Togo under the auspices of the African Tax Administration Forum (ATAF),the...
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Tourist arrivals in Q1 up 7pc
Zimbabwe recorded a 7 percent increase in tourist arrivals during the first half of the year to 930 276 from 876 163 in the same period last year.According to the Zimbabwe Tourism Authority half year...
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‘ZETDC not a credible off-taker’
Noah GwariroBusiness Reporter THE Zimbabwe Power Company is struggling to secure up to $6,5 billion required to fund projects to close a debilitating demand deficit because investors feel its sister...
View ArticleIDC to change Willowvale operating model
Tinashe Makichi Business Reporter The Industrial Development Corporation will adopt a contract assembly model at Willowvale Mazda Motor Industries as a way of boosting capacity which has fallen to...
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Failed Afrasia’s property goes under the hammer
Property belonging to failed Afrasia Bank Limited goes under the hammer this week as the bank’s liquidator, the Deposit Protection Corporation (DPC) seeks to raise more funds to compensate the...
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‘We’ll find $1,8bn for IMF/WB arrears’
Dr MangudyaGolden Sibanda Senior Business Reporter RESERVE Bank of Zimbabwe Governor Dr John Mangudya says Zimbabwe is working hard to “put its house in order” to regain access to fresh low cost...
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Cost saving strategy pays off for Endeavour Mining
Aerial view of the plantRonald Chawatama Business Correspondent Endeavour Mining is a mid-tier mining company with established operations in four West African countries. The gold mining properties...
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TelOne engages Govt on debt takeover
Business Reporter GOVERNMENT may soon assume State owned fixed telecoms operator, TelOne’s legacy debts amounting to $360 million with Cabinet set to deliberate on the possibility of warehousing the...
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NSSA fires Matiza
Mr James MatizaBusiness Reporter NATIONAL Social Security Authority general manager Mr James Matiza and four other directors have been relieved of their duties after a management shake-up at the State...
View ArticleTime for final exams
The bell has rung! Time to settle into the November final examinations. As part of the preparatory process, one has to be fully aware and knowledgeable of the rules and regulations that govern the...
View ArticleShort-term insurers record rise in business volume
Walter Muchinguri Assistant Business Editor Short-term insurers recorded a marginal 2,92 percent increase in the volume of business written during the half-year ended June 30, 2015 with total Gross...
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1,5m people may need food aid: FAO
Golden Sibanda Senior Business Reporter AN estimated 1,5 million people in Zimbabwe may be food insecure following last year’s drought with fears food prices are already rising early into the 2015 /16...
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