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Mombasa hosts Stakeholders for the Launch of the regional leather design studio



The designers' training workshop will bring together more than 50 designers from 11 Eastern and Southern Africa countries namely Swaziland, Sudan, Eritrea, Ethiopia, ...Read more

Mombasa hosts Stakeholders for the Launch of the regional leather design studio

06 May 2016 | 588 Views
The designers' training workshop will bring together more than 50 designers from 11 Eastern and Southern Africa countries namely Swaziland, Sudan, Eritrea, Ethiopia, ...

by APO

Zimbabwe to print own version of US dollar

06 May 2016 | 4319 Views
Zimbabwe is set to print its own version of the US dollar in order to ease a cash shortage in the country.Central bank governor John Mangudya said the cash, known as bond notes, will be backed...

by BBC

Panic as Zimbabwe economy dies

06 May 2016 | 3761 Views
There is palpable fear that the country has plumped the depilating economy depths of 2007/2008 when shops were empty and inflation hit world record levels, resulting in untold pain and suffering f...

by Staff reporter

Cash crunch affects MFIs

06 May 2016 | 775 Views
The prevailing cash crunch besetting the country has not spared micro finance institutions (MFIs) as clients are forgoing loan repayments, an official has said. Zimbabwe Association of Micro-finan...

by Staff reporter

'Bond notes good BUT . . !'

06 May 2016 | 2225 Views
ECONOMIC analysts say the proposed $200 million bond notes will offer a temporary relief to biting cash shortages in the country and pointed to an urgent need to address economic fundamentals that wil...

by Business Reporters

Econet launches massive consumer promotion

06 May 2016 | 1128 Views
Zimbabwe's biggest telecommunication service provider, Econet Wireless yesterday launched its biggest ever consumer promotion, 7X, which will see customers getting 700 percent free bonus airtime every...

by Business Reporter

Economists speak on cash shortages in Zimbabwe

05 May 2016 | 3107 Views
The low uptake of the other legal tenders within the basket of currencies in favour of the greenback has put a lot of pressure on the United States dollar.Apart from the shunning of other curr...

by Staff Reporter

Arenel begins snack plant commissioning

05 May 2016 | 1667 Views
DIVERSIFIED Bulawayo-based manufacturer, Arenel, has begun commissioning its snack plant under a $2 million investment that is expected to create about 300 jobs.Chief Secretary to the Offi...

by Business Reporter

Banks hike charges

05 May 2016 | 3376 Views
BANKS have hiked transaction costs by up to 570 percent, leaving the bulk of depositors who are already living on the margins of poverty poorer.They are taking advantage of the crippling cash ...

by Staff Reporter

SimbaPay announces single money transfer of up to $45,000 (USD) to Africa

03 May 2016 | 1601 Views
LONDONm - SimbaPay is revolutionizing the remittance space through its official announcement of raising the single transaction limit to a whopping $45,000. This is substantially higher than the previo...

by APO

SA firms urged to invest in Zimbabwe

03 May 2016 | 2346 Views
THE government wants South African companies exporting to Zimbabwe to also bring investment into local industry in order to create jobs and improve the tight liquidity situation in the country. ...

by Business Reporter

Edgars, Power Sales accused of importing cheap clothes

03 May 2016 | 4605 Views
Clothing retail players have accused Edgars and Power Sales outlets of importing cheap products.The sector is lobbying Government to impose a ban on finished clothes, saying the influx of impo...

by Staff Reporter

2 firms removed from Zimbabwe Stock Exchange

02 May 2016 | 3225 Views
TWO companies were last week removed from the Zimbabwe Stock Exchange leaving the number of counters on the bourse at 62.Pelhams Limited and Radar were both removed from the stock exchange wit...

by Business Reporter

Investors wont easily come to Zimbabwe - SA envoy says

30 April 2016 | 4762 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 | 2140 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 | 4691 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 | 2982 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 | 4501 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 | 2619 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 | 4253 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 | 2037 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 | 1739 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 | 1860 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 | 3093 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 | 2166 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 | 2320 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 | 10721 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 | 1554 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 | 2441 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 | 3235 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 | 4769 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 | 1925 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 | 3244 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 | 2083 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 | 2248 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 | 3779 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 | 2507 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 | 2588 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 | 2511 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 | 3094 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 | 4865 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 | 3250 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 | 4961 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 | 5617 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 | 4195 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 | 2874 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 | 3348 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 | 2374 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 | 3112 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 | 2721 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
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