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Thirty percent of firms face collapse
Industry and Commerce, Minister Mike BimhaTHIRTY percent of the country’s manufacturing companies are on the brink of collapse due to a vexing foreign currency crisis and a “pervasive lack of...
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Extortion, loathing and mystery millions…CBZ CEO’s baffling exit
‘Retiring’ CBZ Holdings’ group chief executive officer, Never NyemudzoCBZ Holdings chief executive officer Never Nyemudzo bowed out of the bank this week after a period of sustained pressure, threats...
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Mugabe Airways
President Robert Mugabe and first lady Grace MugabePRESIDENT Robert Mugabe and his family are beneficial shareholders in an airline that is expected to be handed lucrative long-haul licences to London...
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Mugabe sacks prosecutor general
President Robert MugabePRESIDENT Robert Mugabe sacked Ray Goba as the country’s top prosecutor on Friday six weeks after appointing him, a government notice said.Mugabe, 93, gave no reason for the...
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Zim economic performance deteriorating significantly, says IMF
Minister of Finance and Economic Development Ignatius ChomboZIMBABWE is among the 10 sub-Saharan Africa economies which have deteriorated significantly despite a positive outlook for the region, the...
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Foot, mouth disease hits Manicaland
Agriculture, Mechanisation and Irrigation Development Deputy Minister Paddy Zhanda.By Kenneth MatimaireMUTARE ― Government has confirmed a foot-and-mouth disease (FMD) outbreak that has hit the...
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New TMT model drives Econet growth
Econet founder, Strive MasiyiwaECONET Wireless Zimbabwe this week announced solid half-year financial results for the six months to August 31, 2017, posting a 17 percent increase in revenue of $353...
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Bitcoin surges in Zimbabwe amid currency crisis
The premium on the digital currency in Zimbabwe can be attributed to the discount on the local currency.MAINSTREAM cryptocurrency, Bitcoin, is trading in Zimbabwe at nearly double its price on...
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Doves under probe
Doves, is the first professional funeral services establishment in Zimbabwe started by David John Morgan in 1902. It was taken over by a consortium of businessmen led by Farai Matsika and Phibeon...
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Fresh storm over NSSA deals
The National Social Security Authority is under investigation.A COMBINED Central Intelligence Organisation (CIO) and Office of the President and Cabinet (OPC) investigation into the operations of...
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Mnangagwa fired
President Robert Mugabe yesterday dropped the bombshell on his deputy and wartime personal assistant, Emmerson MnangagwaZIMBABWE’S President Robert Mugabe fired Emmerson Mnangagwa as vice president on...
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ZSE unmoved by political upheaval
Former vice President Emmerson MnangagwaTHE Zimbabwe Stock Exchange slowly edged on this week, unmoved by the sacking of Vice President Emmerson Mnangagwa and the ensuing political turmoil in...
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Power worries over low Kariba dam levels
Lake Kariba is currently 46,89 percent fullZIMBABWE’S precarious electricity supply situation could worsen in the next few weeks if the Kariba dam water levels continue to decline. State-owned Zimbabwe...
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Grace Muradzikwa bows out of CFI
NicozDiamond Insurance managing director, Grace MuradzikwaCFI Holdings Limited chairperson, Grace Muradzikwa resigned from the listed agro industrial group on Monday, as the group’s feuding major...
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Smugglers make a mockery of import controls
CZI president, Sifelani JabangweSMUGGLERS are making light work of government regulations introduced over the past few years in a bid to reduce imports of goods that can be produced locally, flooding...
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Government flirts with price controls
Industry and Commerce, Minister Mike BimhaPRESIDENT Robert Mugabe’s government this week announced a major step towards price controls, placing 16 products under a monitoring list and triggering fears...
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Airlines threaten pull-out
Transport and Infrastructure Development Minister, Joram Gumbo.By Shame Makoshori and Farai MabezaFOREIGN airlines have at least US$50 million in payments stuck in Zimbabwe, with some warning they...
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Government relaxes restrictions on fertilizer imports
Industry and Commerce, Minister Mike Bimha.ZIMBABWE has relaxed restrictions on fertilizer and agro-chemical imports as local manufacturers struggle to meet demand.In June last year, government adopted...
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‘The situation has moved to another level’: Zimbabwe Defence Forces statement...
“As soon as we have accomplished our mission we expect that the situation will return to normalcy”.ZIMBABWE Defence Forces spokesman Major General Sibusisiwe Moyo has addressed the nation after troops...
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Tsvangirai returns to Zimbabwe amid military ‘coup’
MDC -T leader Morgan TsvangiraiZIMBABWE’S defeated ex-prime minister has returned to the country as politicians eye opportunities for power while President Robert Mugabe is under house arrest.Morgan...
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