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Govt seeks to reduce revenue shortfall by a third
Finance Minister Patrick ChinamasaGOVERNMENT expects to reduce the revenue shortfall currently obtaining by about one third by raising selected tax rates and extending VAT to parts of the insurance...
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Zesa in talks to import power, supplies expected next year
ZESA said there was no quick fix to the power crisis.ZIMBABWE’S power utility ZESA says it is negotiating with power utilities from the region and independent power producers (IPPs) to access...
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NetOne in US$5,8 million loss, targets 8 million subscribers
NetOne is targeting 8 million subscribers.ZIMBABWE’S second largest mobile phone company NetOne has posted a US$5,8 million loss in the six months to June 2015 compared to a US$7,5 million profit in...
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Atlas Mara targets acquisitions in seven African countries
BancABC has a presence in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe.ATLAS Mara, owners of Pan-African banking group BancABC say they are looking to expand into seven more countries in...
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Gadzikwa steps down as ZSE chairperson
Eve GadzikwaEVE Gadzikwa stepped down from the chairmanship of the Zimbabwe Stock Exchange (ZSE) following the completion of her four-year tenure on last week on Friday. Gadzikwa was appointed to the...
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US dollar cross border transactions ban purely business: Stanchart
Standard Chartered Bank Zimbabwe chief executive officer, Ralph WatungwaTHE country’s oldest financial institution, Standard Chartered Bank Zimbabwe (Stanchart), says its decision to stop processing...
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Diamond companies resisting consolidation: Chidhakwa
Minister of Mines Walter ChidhakwaMINES and Mining Development minister Walter Chidhakwa says there has been resistance, by some diamond miners, of the proposed consolidation of companies in the...
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Staff exodus hits AirZim
Zimbabwe had generally kept its airspace closed to domestic carriers in a bid to build a strong aviation industry system.NATIONAL airline, Air Zimbabwe (AirZim), has been hit by a staff exodus after...
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Has Zimbabwe lost Dangote?
Nigerian billionaire Aliko DangoteWHEN Nigerian billionaire Aliko Dangote arrived in Zimbabwe last month, the red carpet was rolled out for Africa’s richest man. He was showered with exclusive...
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Zim’s usurious pricing system hurting Diasporans
Most Zimbabwean retail outlets are stocked with imported goods that sell cheaper to similar products produced locally. WHEN Mordekai Musundire, a Zimbabwean journalist, moved to Lesotho in search of...
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Behold, Patrick Zhuwao is in the house.
Minister of Youth, Indigenisation and Economic Empowerment, Patrick Zhuwao“I WAS once a deputy minister but I never had the pride that I now have as a full minister. You should watch me when I am...
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Poachers run riot
Environment, Water and Climate Minister, Oppah Muchinguri-KashiriGOVERNMENT has conceded defeat in the war against wildlife poaching, saying its few and poorly-equipped game rangers were being...
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Minister orders NRZ board to re-advertise GM post
Joram GumboTHE National Railways of Zimbabwe (NRZ) board has been ordered to re-advertise the position of the parastatal’s general manager by newly-appointed transport minister Joram Gumbo, months...
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Zimbabwe-SA trade deficit falls 34 percent
President Robert Mugabe and South Africa’s President Jacob ZumaZIMBABWE reduced its trade deficit with South Africa in the nine months to September 30 by 34 percent to US$417 million compared to US$681...
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TelOne pleads with govt on US$163m legacy debt
TelOne Managing Director, Chipo MtasaSTATE owned fixed line operator TelOne says it is a profitable entity but its operations are being hamstrung by legacy loans amounting to US$163 million and has...
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Tourism sector requires US$200m
Walter MzembiTOURISM and Hospitality Industry Minister, Walter Mzembi says at least US$200 million is required by the country’s tourism sector to retool and re-kit tourism products. Zimbabwe’s tourism...
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‘I will always salute Joice Mujuru’– Mutsvangwa
Chris MutsvangwaDESPITE embarrassing her by saying the war legend claiming she single-handedly downed an enemy chopper was a propaganda fib, war veterans minister Chris Mutsvangwa has insisted he will...
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Banks in talks over FCAs interest component
Ralph Watungwa, the chief executive officer of Standard Chartered Bank of Zimbabwe Limited.THE Reserve Bank of Zimbabwe (RBZ) and local banks are engaged in discussions to resolve a potential crisis...
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Zimbabwe’s political soap opera
Women’s Affairs, Gender and Community Development Minister, Nyasha ChikwinyaZIMBABWE’s political landscape can make a perfect script for an exhilarating soap opera. Everyday ushers in a new chapter...
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A delicate balancing act between justice, injustice
Supa MandiwanziraONE Saturday evening in 1998, a newscaster at the Zimbabwe Broadcasting Corporation (ZBC)’s television station appeared on the small screen smiling from ear to ear. She had every...
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