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Women Alliance of Business Association in Zimbabwe petition parliament

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...Read more

Women Alliance of Business Association in Zimbabwe petition parliament

06 February 2016 | 204 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 | 745 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

RBZ Monetary Policy Statement - Fulltext

04 February 2016 | 3085 Views
The Reserve Bank of Zimbabwe governor Dr John Mangudya today delivered the much anticipated January 2016 Monetary Policy Statement (MPS) themed, "Economic transformation through Transparency and Accou...

by Dr John Mangudya

Emirates launches Zimbabwe companion special

04 February 2016 | 3247 Views
HARARE - Emirates makes travelling for Zimbabwean fliers all the more interesting and fun with the launch of its Companion Fare to destinations within its network.The special fares are aimed a...

by Business Reporter

Massive food price hike looms

04 February 2016 | 4724 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

'World Bank officials are smoking something,' says Chinamasa

03 February 2016 | 3086 Views
The World Bank says Zimbabwe's economy will not slip into recession but will maintain an economic growth rate of 1.5% in 2016 anchored largely by growth of the services sector, a projection howeve...

by Staff reporter

Zimra misses revenue collections target

03 February 2016 | 1561 Views
The Zimbabwe Revenue Authority (Zimra) revenue collections for the just-ended year dropped to US$3,5 billion against a target of US$3,72 billion.A Zimra 2015 revenue performance report shows t...

by Staff reporter

RBZ Boss to present Monitory Policy Statement tomorrow

03 February 2016 | 1356 Views
THE Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya will tomorrow present the 2016 Monetary Policy Statement (MPS). The policy statement comes at a time when the country is grappli...

by Staff reporter

Zimbabwe likely to witness improved economic growth rates, says the World Bank

03 February 2016 | 1296 Views
Zimbabwe is likely to witness improved economic growth rates in the short to medium term, the World Bank has said.In a report titled, Zimbabwe Economic Update, the first of its nature, the Wor...

by Staff reporter

Beitbridge Express Hotel shuts down

03 February 2016 | 5766 Views
The $32 million Beitbridge Express Hotel with 140-rooms has shut down. The hotel closed shop on January 31 after suffering heavy losses amounting to $507 944 in the past two years....

by Thobekile Zhou

StanChart Zimbabwe exporting jobs to Kenya, India?

03 February 2016 | 1177 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 | 6226 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

Fastjet launches Harare, Jo'burg flight

02 February 2016 | 1178 Views
Low cost airline, Fastjet yesterday launched its inaugural flight between Harare and Johannesburg. Fastjet, which is using a 144-seater Airbus A319, had about 55 passengers when it flew out to Joh...

by Staff reporter

Standard Chartered Bank, managers lock horns over job losses

02 February 2016 | 1819 Views
At least 21 middle managers with Standard Chartered Bank of Zimbabwe have filed a High Court application seeking to bar their employer from retrenching them. The managers, who have since been ...

by Daniel Nemukuyu

Former NRZ workers to stage daily demos from tomorrow

31 January 2016 | 1857 Views
1. Ladies and gents whilst we stand guided by your opinions and ideas from members, indeed we need to shake and expose this corrupt management.2. With this in mind we need to do a massive and ...

by Thobekile Zhou

Govt gives Hwange Colliery bosses an ultimatum

31 January 2016 | 1848 Views
The government has given Hwange Colliery Company management three months to turn around the fortunes of the firm, failure of which they will be forced to resign.The Minister of Mines and Minin...

by Staff Reporter

Mugabe's dairy hits hard times

29 January 2016 | 7256 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

Musewe dumps Tsvangirai for Biti but still against reforms - honey bird with the twitchy tail

29 January 2016 | 3531 Views
Comrade Vince Musewe has jumped ship; he has left the Tsvangirai and Mujuru led coalition project he had tried hard to promote, he has now joined People Democratic Party, led by Tendai Biti."W...

by Wilbert Mukori

Sacked GMB workers baffled by Made's silence - plead to President

29 January 2016 | 1659 Views
HARARE - Grain Marketing Board (GMB) workers who were sacked by the parastatal late last year, without receiving any terminal benefits and their outstanding salaries, have lambasted the Minister of Ag...

by Tendai Ruben Mbofana

Bulawayo Market Fair begins

29 January 2016 | 1409 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

High court stops Tongaat strike

28 January 2016 | 1582 Views
An attempt by Zimbabwe Sugar Milling Workers Union (ZISMIWU) members to embark on a fresh job action last week hit a brick wall after Tongaat Hullet won an interdict at the High Court against the indu...

by Stephen Jakes

IMF warns Zimbabwe

28 January 2016 | 4632 Views
The International Monetary Fund (IMF) has warned Zimbabwe to start implementing its plan to resolve the country's external debt arrears or risk losing momentum in its bid to re-engage international fi...

by Staff reporter

Zimra to realise $40m from tax amnesty

27 January 2016 | 1032 Views
The Zimbabwe Revenue Authority (Zimra) Commissioner-General Gershem Pasi says the taxman assessed about $40 million tax claims during its tax amnesty last year.Speaking on the side-lines of th...

by Staff reporter

17 NZR top brass share $70 000 in allowances, school fees

27 January 2016 | 3274 Views
SEVENTEEN top  National Railways of Zimbabwe (NRZ) parcelled out $69 777 among themselves as part of their school fees benefits.The non-recurring earnings document Type 26 from NRZ dated ...

by Thobekile Zhou

Postal, courier revenues decline

27 January 2016 | 926 Views
Revenues generated by local postal and courier companies have continued to decline steadily during the past five years as the advent of new technologies hits on the demand for their services, Portraz ...

by Staff reporter

MBCA Bank to open more branches

27 January 2016 | 1266 Views
MBCA Bank is planning to open more branches this year as the banking institution continues to take a long-term strategic view to grow its footprint in the country in preparation for an improvement in ...

by Business Reporter

Econet starts network upgrade exercise

26 January 2016 | 2240 Views
Listed telecoms firm Econet Wireless Zimbabwe has started upgrading its network in some parts of the country to enhance quality of service.According to Econet, the upgrade, which started Monda...

by Staff reporter

Zim dollarized economy still an attractive export market

25 January 2016 | 2113 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 | 1747 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 | 1990 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

Pickstone Peerless targets 500kg of gold

24 January 2016 | 1060 Views
CHEGUTU-based Pickstone Peerless gold mine plans to produce over 500 kilogrammes of gold this year, spurred by a $17 million capital investment made in recent years.The mine is projected to pr...

by Africa Moyo

Emirates launches fare sale ahead of introduction of Boeing 777 aircraft on Harare route

22 January 2016 | 4314 Views
HARARE, ZIMBABWE January 22, 2016 - Emirates is inspiring more Zimbabweans to travel in 2016 with the launch of special fares to celebrate the introduction of the Boeing 777-300ER aircraft on its Hara...

by Staff Reporter

Zimbabwe govt clarifies on use of Chinese Yuan

22 January 2016 | 8585 Views
The Reserve Bank of Zimbabwe has set the record straight on the use of the Chinese Yuan saying it is only part of the trading currencies while the United States dollar will remain the country's settle...

by Staff Reporter

Cash crunch hits Zimbabwe banks

22 January 2016 | 5274 Views
A biting cash shortage has forced banks to lower their daily automated teller machine (ATM) withdrawal limits from $3,000 to $800. A snap survey conducted, revealed that some locally owned...

by Staff reporter

Six new listings expected on ZSE

22 January 2016 | 1647 Views
Six new counters are expected to list on the Zimbabwe Stock Exchange this year despite liquidity constraints that have seen its market capitalization plunging to US$3 billion last year from US$4.3...

by Staff reporter

Telecel deal to be finalized

22 January 2016 | 1836 Views
President Robert Mugabe's government this was week expected to pay VimpelCom Limited about $30 million in outstanding funds for a 60 percent stake in Telecel Zimbabwe. Although company exe...

by Staff reporter

Zimbabwe's imports down 13%

22 January 2016 | 1117 Views
ZIMBABWE's imports maintained a downward trend declining by 13 percent from $516 million to $449 million between October and November last year, official data shows.The Zimbabwe National Stati...

by Brighton Gumbo

Choppies to open 6th Bulawayo CBD branch

21 January 2016 | 1899 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

Zimbabwe mobile network penetration hits 92%

21 January 2016 | 1239 Views
ZIMBABWE'S mobile network penetration rate in the third quarter of 2015 increased by 1,3 percent to reach 92,8 percent.In its latest quarterly report, the Postal and Telecommunications Regulat...

by Oliver Kazunga

Business sector condemn Zesa over proposed tariffs hikes

19 January 2016 | 1121 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

NRZ sacked workers demonstrate in Bulawayo

19 January 2016 | 3207 Views
More than 50 fired National Railways of Zimbabwe (NRZ) workers this morning stage a demonstration outside the Railway Station demanding their exit packages. ...

by Thobekile Zhou

Zimbabwean born business executive to head Sanlam cluster

19 January 2016 | 4871 Views
JOHANNESBURG - Insurance group, Sanlam said on Monday that it will offer its corporate clients a comprehensive employee benefits solution through a new division called Sanlam Corporate, headed up by J...

by Staff reporter

Bulawayo power station upgrade deferred to August

19 January 2016 | 1345 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

fastjet launches direct flight from Joburg to Harare, Vic Falls

18 January 2016 | 3145 Views
fastjet on Monday, 18 January, announced its newest international routes - from Johannesburg to Harare and Victoria Falls in Zimbabwe.The launch of these routes comes after fastjet received cl...

by Staff reporter

WhatsApp drops $1 annual fee

18 January 2016 | 4104 Views
Popular instant messaging application WhatsApp is doing away with its $0.99 (R16.59) annual fee as it explores new services.WhatsApp founder Jan Koum made the announcement at the DLD confe...

by Staff reporter

Delta suffer revenue losses as customers switch to cheaper products

18 January 2016 | 3047 Views
BEVERAGES manufacturer- Delta  Corporation  suffered a 14% drop in revenue in the last three months of 2015 In its trading update released today (Monday) , Delta attributed the ...

by Thobekile Zhou

$2 billion needed to revive NRZ

18 January 2016 | 1220 Views
National Railways of Zimbabwe (NRZ) requires about $2 billion to be fully revitalised and transformed spokesperson for the parastatal, Fanuel Masikati has said. In the medium term, he said the...

by Staff reporter

Strive Masiyiwa's Econet sheds $354 million in value

17 January 2016 | 2688 Views
TELECOMMUNICATIONS giant Econet Wireless Zimbabwe (EWZ) had $354 million of its value shaved off last year, tumbling from being second-biggest counter to the fourth largest by market capitalisation on...

by Enacy Mapakame

Zimra implements tax management

16 January 2016 | 1699 Views
The Zimbabwe Revenue Authority (Zimra) has issued a notice to valued clients that it is implementing the tax management system for all the clients."Please be advised that the Zimbabwe Revenue ...

by Stephen Jakes

Samsung opens assembly plant in Zimbabwe

16 January 2016 | 3186 Views
South Korea-based telecoms giant, Samsung Electronics, has started assembling television sets and refrigerators in Zimbabwe and Acting President Emmerson Mnangagwa yesterday toured the company's two f...

by Staff reporter

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