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Investors wont easily come to Zimbabwe - SA envoy says

Newly appointed South  Africa to Zimbabwe Ambassador Mphakama Mbete has said even though Zimbabwe is thirsty for development "it's not easy to get investors.""Zimbabwe is a country that i...Read more

Investors wont easily come to Zimbabwe - SA envoy says

30 April 2016 | 1779 Views
Newly appointed South  Africa to Zimbabwe Ambassador Mphakama Mbete has said even though Zimbabwe is thirsty for development "it's not easy to get investors.""Zimbabwe is a country that i...

by Staff Reporter

'Zimbabwe firms not competing fairly'

29 April 2016 | 1188 Views
ZIMBABWEAN companies are competing unfairly with regional producers who lower the prices of their products when selling locally in order to attract the US dollar.Datlabs Chemicals technical di...

by Nqobile Tshili

Cash shortages persist in Zimbabwe

29 April 2016 | 2921 Views
Zimbabwe has been experiencing cash shortages for over a month and the central bank now hopes proceeds from tobacco will help ease the cash crunch, state media reported on Thursday.The latest ...

by Staff Reporter

Zimbabwe target BRICS for investment

28 April 2016 | 2086 Views
Government is targeting at attracting foreign direct investment from BRICS nations, Macro-economic Planning and Investment Promotion minister Obert Mpofu has said.To that end, investment roads...

by Thobekile Zhou

Govt to reposes idle land

28 April 2016 | 3377 Views
Lands Minister Douglas Mombeshora has again warned farmers that Government would not hesitate to reposes idle land from absent owners.He also said those who refuse to pay rentals would also be...

by Thobekile Zhou

Foot and mouth block cattle exhibition at ZITF

28 April 2016 | 1952 Views
Bulawayo Show Society Vice Chairman Richards Wakefield has said foot and mouth outbreak has again forced cancellation of cattle exhibition at the Zimbabwe International Trade Fair.Wakefield to...

by Thobekile Zhou

Econet introduces Ecocash airtime credit service

28 April 2016 | 3603 Views
Econet Wireless Zimbabwe has introduced airtime credit service via EcoCash to assist users in times of emergency. The innovation which is the first of its kind in Zimbabwe, means that an E...

by Staff reporter

Investors urged to exploit city's infrastructure

28 April 2016 | 1597 Views
BULAWAYO Mayor Councillor Martin Moyo has called on investors to engage in joint partnerships with local ailing companies as they have the infrastructure, which is convenient for businesses.Cl...

by Nqobile Tshili

'Zimbabwean companies should focus on increasing trade'

28 April 2016 | 1290 Views
INDUSTRY and Commerce Minister Mike Bimha says Zimbabwean companies should focus on increasing trade as a strategy to achieve economic growth.Increased trade through export earnings is the hal...

by Oliver Kazunga

Industrialisation critical, says Mnangagwa

28 April 2016 | 1405 Views
VICE President Emmerson Mnangagwa says embracing a technologically-driven business model is critical if Zimbabwe is to achieve meaningful economic progress and make an impact in the global economy....

by Prosper Ndlovu

Cash crisis still critical

28 April 2016 | 2628 Views
THE cash supply situation remained critical in the country yesterday with workers failing to withdraw their salaries.This comes as parents and guardians also prepare for children to go back to...

by Nyemudzai Kakore

Blitz on unregistered insurance agents launched

28 April 2016 | 1715 Views
THE Insurance and Pensions Commission has launched a blitz on unregistered insurance agents and fake insurance cover notes, a senior IPEC official said. The operation is being conducted by IPEC in con...

by Tinashe Makichi

Chinese ZTE to open 50 branches in Zimbabwe

28 April 2016 | 1861 Views
Chinese telecoms equipment and handset manufacturer, ZTE is set to open 50 branches in Zimbabwe this year which will also include a technical and repair centre for all its products. In the past ZTE us...

by Business Reporter

Nyoni causes stir, addresses business indaba in Ndebele

27 April 2016 | 9605 Views
Small to Medium minister Sithembiso Nyoni caused a stir when she addressed a business conference in Ndebele in Bulawayo today.Her stance prompted journalists and academics to take to twitter t...

by Thobekile Zhou

'Lets not look at vendors as litter bugs'

27 April 2016 | 1437 Views
Street vendors should not be viewed as a nuisance but must be assisted to grow their businesses, a cabinet minister has said.SME minister Sithembiso Nyoni today told a business conference at t...

by Thobekile Zhou

ZITF kicks on low note, exhibitors still mounting stands

27 April 2016 | 2246 Views
POOR preparations continued to affect the Zimbabwe International Trade Fair (ZITF) in Bulawayo as scores of exhibitors where by yesterday still mounting  up stands.That was on the opening...

by Staff Reporter

Zanu PF makes strong presence at ZITF

27 April 2016 | 3051 Views
Ruling Zanu-PF is back at the Zimbabwe International Trade Fair (ZITF) with a strong presence at it facilitated more than 100 small to medium exhibitors.That is part of its empowerment drive....

by Staff Reporter

Man rapes 'promiscuous' sister in law

27 April 2016 | 4541 Views
A man raped his brother's wife aged 18 on their way to South Africa late last year, has been handed an effective 15-year jail term by Beitbridge regional magistrate Joseph Mabeza. However...

by Staff Reporter

PDP weekly economic policy brief - Corruption is a curse which retards our development

27 April 2016 | 1755 Views
In our economic blue print, HOPE, we recognise the need to deal will corruption as a fundamental prerequisite not only to attract investors back to the country, but to ensure that public funds are app...

by Vince Musewe

NRZ drags workers to court

27 April 2016 | 3132 Views
THE National Railways of Zimbabwe (NRZ) has taken 942 of its workers to court for refusing to return to work after downing tools last month over the non-payment of salaries.Public Service, Lab...

by Mashudu Netsianda

IBC to address critical issues

26 April 2016 | 2021 Views
AT least 350 delegates will attend the 10th edition of the International Business Conference (IBC) in Bulawayo tomorrow with focus on optimising and leveraging on the country's resource base to create...

by Business Reporter

AfDB approves $25m credit line for CABS

26 April 2016 | 2185 Views
The African Development Bank has approved a $25 million trade finance line of credit facility to Central Africa Building Society of Zimbabwe. This medium term facility will support the expansion of CA...

by Staff reporter

Cooking oil shortage looms

26 April 2016 | 3692 Views
A cooking oil shortage is looming in the country following revelations that the sector's producers are failing to secure key raw materials from foreign countries due to the situation with banks' nostr...

by Staff reporter

Last minute bookings at ZITF

25 April 2016 | 2450 Views
LOCAL firms are making frantic last minute bookings for exhibition space at the 57th Zimbabwe International Trade Fair (ZITF), which kicks off tomorrow. Officials say 96% of exhibition sp...

by Staff Reporter

'No power tariff hike'

25 April 2016 | 2512 Views
THE Ministry of Energy and Power Development has refuted reports over alleged approval of an electricity tariff hike by the power utility, Zesa. In a statement yesterday, the ministry said a r...

by Business Reporter

Cash shortages affect SMEs gold deliveries

25 April 2016 | 2372 Views
Small-scale miners sell their gold to Fidelity, but cash shortages have been impeding steps forwardTHE continued cash shortages at Fidelity Printers and Refiners are derailing efforts to encou...

by Staff reporter

Illicit financial flows worry Zimbabwe

23 April 2016 | 3032 Views
The Reserve Bank of Zimbabwe (RBZ) has called on accountants to help authorities in stamping out illicit financial flows which prejudiced the economy US$1,8 billion in 2015.Illicit financial f...

by Staff Reporter

NRZ workers begged to be fired

22 April 2016 | 4787 Views
National Railways of Zimbabwe workers have reportedly begged  top management to fire them.The workers said it was pointless to continue reporting for duty without pay.Workers have...

by Thobekile Zhou

Job seekers struggle to be hired as casual workers at ZITF

21 April 2016 | 3182 Views
Scores of job seekers have besieged Zimbabwe International Trade Fair arena hoping to be hired by exhibiting firms as casual workers.Traditionally, showcasing companies with stands do hire peo...

by Thobekile Zhou

Econet Media Becomes the NBA's Largest Partner Ever in Africa

21 April 2016 | 4871 Views
JOHANNESBURG AND NEW YORK, April 21, 2016 – The National Basketball Association (NBA) and Econet, a multinational, diversified telecommunications group, today announced a multiyear partnership to pr...

by Agencies

Houses up for grabs for Harare 'Whisky' drinkers

21 April 2016 | 5556 Views
AFRICAN Distillers Limited (AFDIS), Zimbabwe's largest spirits, ciders and wine manufacturing company has launched a nationwide promotion in which consumers will win three houses in Harare as a way of...

by Business Reporter

Chiyangwa urges Bulawayo business people to work together, revive industries

21 April 2016 | 4113 Views
BUSINESS tycoon Phillip Chiyangwa has urged owners of liquidated businesses in Bulawayo to work towards resuscitating them, saying it would take ages if they wait for the government to revive the indu...

by Pamela Shumba

Hwange Colliery Company workers demand management overhaul

21 April 2016 | 2809 Views
HWANGE Colliery Company Ltd employees are unhappy with their senior management and have since started lobbying for a complete overhaul, sources have said. Last week, the company held a mee...

by Staff Reporter

ILO roped into NRZ strike

20 April 2016 | 3285 Views
The International Labour Organisation (ILO) has been approached by the Zimbabwe Congress of Trade Unions (ZCTU) to intervene in the pay dispute between the National Railways of Zimbabwe (NRZ) and its ...

by Staff Reporter

Zimbabwe annual inflation sheds 0,09%

20 April 2016 | 2324 Views
Zimbabwe's annual inflation for March shed 0.09 percentage points to -2,31 percent as the country continues to be affected by weak aggregate demand and lower import costs following the strengthening o...

by Staff reporter

Former Ingwebu workers besiege company premises

19 April 2016 | 3066 Views
CLOSE to 100 former Ingwebu Breweries workers yesterday besieged the company's premises in Bulawayo demanding their retrenchment packages and outstanding salaries backdated to 2009.The disgrun...

by Bianca Mlilo

Emirates SkyCargo launches new protection solution for temperature-sensitive cargo 

19 April 2016 | 2662 Views
Montreux, Switzerland and Dubai, U.A.E. - Emirates SkyCargo, the cargo division of Emirates Airline, has launched a next-generation version of its innovative protection product for valuable temperatur...

by Agencies

PDP Economic Policy Brief - Sustainable water management critical to development

19 April 2016 | 2383 Views
In our policy blueprint, HOPE, we recognise sustainable water management as one of the key economic enablers. There is no doubt that water plays a vital role in the social and economic de...

by PDP

US body predicts Zimbabwe economic growth in next 4 years

18 April 2016 | 4334 Views
ZIMBABWE'S mining sector could achieve significant growth during the period 2016 to 2020, driven by increased platinum and diamond production, the US-based International Business Monitor (IBM) has sai...

by Staff reporter

CABS phases out withdrawal, deposit slips

18 April 2016 | 5027 Views
ZIMBABWE's largest mortgage lender, CABS, says it will phase out use of withdrawal and deposit slips starting June 1, 2016 in favour of cards as part of measures to improve service efficiency. ...

by Business Reporter

Emirates airline increases baggage allowance

18 April 2016 | 2932 Views
LEADING airliner, Emirates has increased its free baggage allowance for customers travelling on all its flights.Under the new baggage regime which came into effect last Friday, economy Class c...

by Business Reporter

Chinamasa upstages Mugabe nephew

17 April 2016 | 5091 Views
Finance minister Patrick Chinamasa is gaining the upper hand in a power struggle in the ruling party over his efforts to revive an ailing economy and tap financing from the International Monetary Fund...

by Staff reporter

Huge Russian presence at ZITF

17 April 2016 | 2889 Views
THE Russian business delegation to exhibit at this year's 57th edition of the Zimbabwe International Trade Fair (ZITF) has set sights on using the exhibition as a platform to explore new investment op...

by Dumisani Nsingo

NSSA suspends over 40,000 pensions

16 April 2016 | 7991 Views
MORE than 40,000 pensioners failed to receive their April payouts this week after the National Social Security Authority (NSSA) de-registered them for failing to submit life certificates. Hundreds of ...

by Samantha Chigogo

Togolese leader to open ZITF

15 April 2016 | 3248 Views
Government has invited Togolese President Faure Essozimna Gnassingbe to officially open the 57th edition of the Zimbabwe International Trade Fair in Bulawayo.The exhibition runs from April 26 ...

by Staff Reporter

Tata to expand business portfolio

15 April 2016 | 2410 Views
Indian giant car maker Tata International Limited has pledged to expand its business portfolio in Zimbabwe to include infrastructure development and pharmaceuticals. Tata chief finance off...

by Staff reporter

Zimnbabwe banks face new rise in bad loans

15 April 2016 | 2107 Views
Non-performing loans (NPLs) could rise in the current financial year after financial institutions struggled with bad loan books in the full year to December (FY15), an analysis of banks' financial...

by Staff reporter

Delta's 1Q revenue drops 6%

15 April 2016 | 2593 Views
DELTA Corporation, Zimbabwe's largest beverages company said revenue for the quarter ended March dropped 6 percent and 7 percent for the full year due to changes in portfolio mix and price moderations...

by Business Reporter

Emirates Increases Free Baggage Allowance on all Africa Routes

15 April 2016 | 3170 Views
Airline introduces piece concept across all cabin classes DUBAI - Emirates, which flies daily from Dubai to Lusaka and Harare, is set to increase ...

by Business Reporter

Choppies Zimbabwe to build massive warehouse in Bulawayo - Mphoko

14 April 2016 | 4847 Views
Choppies Zimbabwe director, Siqokoqela Mphoko has said the retail giant is planning to open up a massive warehouse in Bulawayo."We are a Bulawayo company and our drive is to lead the revival o...

by Thobekile Zhou
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