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Qatar, Etihad to fly into Victoria Falls

Qatar and Etihad are among a number of global airlines lining up to start fights into Victoria Falls following the extensive upgrade of the Victoria Falls International Airport to modernise and in...Read more

Qatar, Etihad to fly into Victoria Falls

12 February 2016 | 814 Views
Qatar and Etihad are among a number of global airlines lining up to start fights into Victoria Falls following the extensive upgrade of the Victoria Falls International Airport to modernise and in...

by Staff reporter

Ministry refuses to bail Zupco out of Zimra debt

12 February 2016 | 1243 Views
THE Zimbabwe United Passenger Company (Zupco) is seeking a government bailout to redeem 33 of its buses that were impounded by the Zimbabwe Revenue Authority (Zimra) over $1,6 million in unpaid import...

by Oliver Kazunga/Bianca Mlilo

Barclays fined $2.5 million for violating US economic sanctions on Zimbabwe

10 February 2016 | 2946 Views
BARCLAYS Bank agreed to pay nearly $2.5 million to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in order to settle claims related to the violation of U.S. sancti...

by Staff reporter

Zimbabwe seeks $1.1 billion to clear World Bank arrears

10 February 2016 | 815 Views
Government will secure a medium to long-term loan to clear its $1,1 billion arrears to the World Bank Group in the second phase of an arrears clearance programme with preferred creditors as it see...

by Staff reporter

Emirates offers discounted fares to Zimbabwean travellers

09 February 2016 | 2410 Views
Dubai based Emirates airline says it will be offering travellers from Zimbabwe discounted fares to various destinations across the world at it seeks to boost passenger volumes from the country. ...

by Staff reporter

Govt struggling to make Air Zimbabwe visible

08 February 2016 | 1660 Views
Revelations have emerged that the government of Zimbabwe is currently struggling to restore the visibility of the Air Zimbabwe to be competitive to other incoming independent airliners.This em...

by Stephen Jakes

Mutare to get oil refinary

07 February 2016 | 3646 Views
A LOCAL consortium, Willowton Group, which recently acquired the liquidated Karina Textiles in Mutare has targeted setting up a state-of-the-art oil refinery and soap manufacturing plant by year end....

by Ngoni Dapira

A messy affair

07 February 2016 | 2080 Views
CFI HOLDINGS, which was suspended from the Zimbabwe Stock Exchange on January 29, 2016, continues to flirt with controversy following revelations by its second-largest shareholder, Mr Nicholas van Hoo...

by Enacy Mapakame

Women Alliance of Business Association in Zimbabwe petition parliament

06 February 2016 | 772 Views
The Women Alliance of Business Association in Zimbabwe has petitioned parliament of Zimbabwe seeking it to review the country's mining legal frame work and assess level of under representation of wom...

by Stephen Jakes

Planning a budget calendar for your personal finances

05 February 2016 | 1134 Views
The first few months of any year are always the most important when it comes to ironing out your finances. For some countries around the world their fiscal years are drawing to a close; for others, we...

by Staff Reporter

Massive food price hike looms

04 February 2016 | 5225 Views
Government has introduced Value Added Tax (VAT) on nearly 40 imported basic food commodities that constitute the bulk of the consumer bread basket. These commodities have previously been e...

by Staff reporter

StanChart Zimbabwe exporting jobs to Kenya, India?

03 February 2016 | 1289 Views
The Zimbabwe Banks and Allied Workers’ Union (ZIBAWU) has accused Standard Chartered Zimbabwe of exporting jobs to its Kenyan and Indian counterparts by migrating a number of processes and servi...

by Staff reporter

CIOs to open Bulawayo Chicken Inn drive-through outlet

02 February 2016 | 6484 Views
Bulawayo first ever Chicken Inn drive-through facility opening has again been postponed as officials are keen on having someone from the Office of the President to officially open it.This coul...

by Staff Reporter

Mugabe's dairy hits hard times

29 January 2016 | 7428 Views
President Robert Mugabe's dairy business, Alpha Omega Dairy is reportedly facing viability challenges amid revelations that the company is struggling to supply its products to various retail outle...

by Staff reporter

Bulawayo Market Fair begins

29 January 2016 | 1494 Views
THE Bulawayo Market Fair starts today with rural and urban entrepreneurs expected to exhibit and sell their locally-made products.The three-day event organised by Empretec Zimbabwe and its var...

by Brighton Gumbo

Zim dollarized economy still an attractive export market

25 January 2016 | 2213 Views
The temporary protection measures, which government has put in place to hedge some sectors of the manufacturing industry from international competition have had a positive impact on boosting local...

by Staff reporter

Air Zimbabwe refurbishment stalls

24 January 2016 | 1847 Views
NATIONAL airline Air Zimbabwe is struggling to raise $1,6 million needed by South African Airways for the refurbishment of one of the two A320 airbuses which were set to increase the company's capacit...

by Dumisani Nsingo

Zimbabwe govt demands refund for Hwange equipment purchased from India

24 January 2016 | 2087 Views
GOVERNMENT is incensed by the downtime resulting from the frequent breakdowns of the new equipment at Hwange Colliery Company Limited and is now actively seeking either financial compensation or the r...

by Staff reporter

Choppies to open 6th Bulawayo CBD branch

21 January 2016 | 1986 Views
FAST-expanding retail giant, Choppies Enterprises Zimbabwe has invested $200,000 towards the opening of another branch in the Central Business District in Bulawayo mid next month.The new branc...

by Brighton Gumbo

Business sector condemn Zesa over proposed tariffs hikes

19 January 2016 | 1191 Views
Zimbabwe leading business unions have opposed planned electricity tariffs hike by ZESA saying it was count-productive.The association which include the Confederation of Zimbabwe Industries, Ch...

by Thobekile Zhou

Bulawayo power station upgrade deferred to August

19 January 2016 | 1414 Views
THE upgrading of the Bulawayo Thermal Power Station which was scheduled to begin early this year has been deferred to August due to delays in floating the tender for the project.Towards the en...

by Brighton Gumbo

Zimbabwe investment 'excites' Dangote

15 January 2016 | 1702 Views
THE Dangote Group says it will start operations in Zimbabwe this year, with its chief strategist, Abdu Mukhtar, yesterday asserting that they now feel "comfortable and excited" about investing in the ...

by Felex Share

Rubber Products property worth $64 000 attached over workers pay

31 December 2015 | 1976 Views
Property worth over 64 000 has been attached from Rubber Products Manufacturers Private Limited situated in the Belmont area in Bulawayo for the payment of salaries and allowances of sixteen workers....

by Stephen Jakes

Trading ban on chrome ore lifted - Zimasco

29 December 2015 | 1834 Views
ZIMBABWE Mining and Smelting Company (Zimasco) has lifted the trading ban on chrome ore producers who are mining under its tributes.The development will now see the chrome ore small-scale mine...

by Dosman Mangisi

Potraz signs $300k deal to facilitate telemedicine services by next yr

20 December 2015 | 2502 Views
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has signed a $300 000 agreement with the International Telecommunications Union (ITU) that will facilitate the introduction ...

by Noble Ncube

Manufacturers in Catch-22 situation as SA Rand plummets

20 December 2015 | 4443 Views
THE plummeting of the South African rand against major currencies has been received by local manufacturers with mixed fortunes.According to experts the free-fall of the rand has affected expor...

by Roberta Katunga

Retailers warned against hiking prices

18 December 2015 | 2714 Views
SHOP owners have been warned against hiking prices this festive season and keeping cash in their business premises to avoid robberies.It is a norm for shop to increase prices to cash in....

by Staff Reporter

Bulawayo clothing company resumes exports to Europe

15 December 2015 | 2543 Views
ARCHER Clothing has resumed exports to Europe following a successful revival plan of one of Bulawayo's oldest firms by the new investor. The resuscitation of Archer Clothing by a Harare-based ...

by Oliver Kazunga

ZESA seeks tariff increase for non-existent power

15 December 2015 | 1182 Views
POWER utility Zesa Holdings is seeking regulatory permission to increase electricity tariffs by as much as 29 percent to cover rising operational costs, sources at the company said. Zesa has p...

by Martin Kadzere

AMH fails to pay rentrenched workers

14 December 2015 | 1117 Views
ALPHA Media Holdings (AMH), which owns private newspapers in Zimbabwe, including Newsday, says it does not have enough money to pay 70 recently retrenched workers.The Mail & Guardian is Ne...

by ANA

Illicit financial flows cost Zimbabwe $500 million

14 December 2015 | 1138 Views
ILLICIT financial flows have this year cost Zimbabwe more than $500 million, which is enough to buy about over half of the season's supply of grain for the country. Zimbabwe requires about 1,8...

by Business Reporter

Safeguard upgrades guard monitoring techniques

11 December 2015 | 1487 Views
Safeguard Security has upgraded its security guard monitoring techniques to monitor the patrols carried out by its guards at premises they are guarding and ensure they maintain contact with their cont...

by Chris Chinamhora

Get bucks to list on ZSE

08 December 2015 | 1324 Views
Micro-finance institution GetBucks Zimbabwe is set to raise $3,2 million through offering shares to the public on its course to listing on the Zimbabwe Stock Exchange (ZSE) next month. The...

by Staff reporter

Air Zimbabwe flight horror as toilet leaks sewage mid air

07 December 2015 | 13214 Views
There is a Whatsapp message circulating indicating that an Air Zimbabwe flight from Zimbabwe to Johannesburg was leaking sewage mid air.The message goes like, "A South African based friend wro...

by Staff reporter

Engen escapes placement on judicial management

07 December 2015 | 1689 Views
A local company's application seeking to place Engen Petroleum Zimbabwe under provisional judicial management recently hit a snag after the High Court dismissed the application for want of prosecu...

by Staff reporter

Zim projected to receive $614m FDI for 2016

06 December 2015 | 1236 Views
Policy commentator Batler Tambo has said Zimbabwe is projected to receive $614 million foreign direct investment in 2016 while its neighbours South Africa, Zambia and Botswana received an average of $...

by Stephen Jakes

Zimra launches a blitz on tax evading companies

06 December 2015 | 1893 Views
THE Zimbabwe Revenue Authority (Zimra) has launched a blitz on tax evading companies, imposing stiff penalties on registered business operators not remitting taxes to the authority. Zimra offi...

by Tinomuda Chakanyuka

Tax reprieve for retrenchees

06 December 2015 | 1458 Views
FINANCE and Economic Development Minister Patrick Chinamasa gave workers who were retrenched on three months' notice an early Christmas present in his 2016 National Budget Statement when he announced ...

by Lungile Tshuma

Zimbabwe to import power from SA

05 December 2015 | 3102 Views
ZIMBABWE will add 300 megawatts of electricity to its grid by the end of this month through imports from South Africa to ease incessant power outages while continuing with projects to set up emergency...

by Oliver Kazunga and Brighton Gumbo

Econet get $300m loan from China

04 December 2015 | 2466 Views
Zimbabwe's only independent mobile operator - Econet Wireless Zimbabwe is set to get at least $300million out of the new loan facility of $500 million that Econet Global has negotiated with China ...

by Staff reporter

Fly Africa to refund passengers

04 December 2015 | 3380 Views
Fly Africa Zimbabwe will refund over 15 000 passengers who bought tickets just before and after the airline's operating licence was withdrawn recently. This came as employees of the ground...

by Staff reporter

Banks scrambling to avert a looming cash crisis

04 December 2015 | 3198 Views
Zimbabwe banks are scrambling to avert a looming cash crisis with potentially disastrous consequences as financial institutions struggle to import cash timeously ahead of the festive season. ...

by Staff reporter

Sparks fly over Capital liquidation

03 December 2015 | 1460 Views
Capital Bank Limited's liquidation proceedings are due to be heard in the High Court today amid spirited efforts by the closed institution's forerunner to stop the process. This also comes...

by Staff reporter

TelOne's annual promo caters for all

03 December 2015 | 1866 Views
In their latest bid to attract new clients as well as retain old customers, TelOne has swiftly adjusted their annual promo. The state-owned telecoms operator is giving their clients an ear...

by TelOne's annual promo caters for all

ZTE to set up solar factory in Zimbabwe

01 December 2015 | 3460 Views
ZTE Corporation of China has plans to set up a solar equipment manufacturing plant after sealing a multi-million dollar solar energy deal with the Zimbabwe Power Company last month. The Chines...

by Staff reporter

Security company demands $186 000 from Pioneer Transport

28 November 2015 | 3274 Views
Peace Security Company (Private) Limited (Peace Security) has filed a $186 000 High Court lawsuit demanding the cash from Pioneer Transport (Private) Limited (Pioneer Transport).The two partie...

by Staff reporter

$6 million worth of Zimbabwe bond coins trigger widespread cheer

28 November 2015 | 3419 Views
Zimbabwean policymakers have revealed plans to pump $6 million worth of bond coins into the national economy, triggering widespread cheer.Reserve Bank of Zimbabwe governor John Mangudya introd...

by Staff reporter

Kango products rocked by massive salaries slash

27 November 2015 | 3534 Views
WORKERS Treger Products (Pvt) Limited whose subsidiaries are Kango Products, Treger Plastics, Monarch Steel and Zimbabwe Grain Bag have been hard hit by massive employment grades reduction and salarie...

by Stephen Jakes

Turkish Airlines to start flights to Zimbabwe

26 November 2015 | 3366 Views
Turkish Airlines is expected to start flights to Zimbabwe next year once negotiations with aviation authorities are concluded, Turkish Ambassador to Zimbabwe Kadir Hidayet Eriş has said.Mr Hi...

by Munesu Nyakudya

Australia refuse to clear Zimbabwe to attend 2017 KPCS meetings

21 November 2015 | 2820 Views
Zimbabwe and Australia have reached a deadlock over the participation of the African country when the western nation assumes the Kimberly Process Certification Scheme (KPCS) chairmanship in 2017.&...

by Staff reporter
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