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Government at mercy of donors
INTERNATIONAL donors, who have offered very limited budgetary support to Zimbabwe in the past six years, have now taken almost full control of the funding of critical social services, which leaves...
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Zimbabwe Sees Lower Power From Kariba Until at Least February
Low rainfall this year has depleted water supplies at the dam, leading to power shortages for homes and industries.ZIMBABWE’s power supply from the Kariba hydropower dam that it shares with neighboring...
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Econet founder Masiyiwa drops from Africa’s top 50 richest list
Strive MasiyiwaECONET Wireless Zimbabwe, founder and owner Strive Masiyiwa, has dropped out of the Forbes Africa’s 50 Richest this year on the back of declining revenues in the public listed...
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Mliswa quits politics, says Zanu PF misses him
Themba MliswaOUSTED former Zanu PF Hurungwe West Chairman Themba Mliswa says he has quit politics for good, amid reports that he was planning to return to the faction ridden party. Mliswa lost his...
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ZSE turnover the lowest since 2009
ZSE chief executive officer Alban ChirumeTHE Zimbabwe Stock Exchange (ZSE) is forecasting annual turnover of US$250 million down from US$452,86 million recorded in 2014. Speaking at the Institute of...
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NMBZ to mobilise credit lines
The bank will channel the funds to various sectors of the economy.THE Zimbabwe Stock Exchange-listed financial services group, NMBZ Holdings Limited, is targeting to secure US$100 million dollars in...
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Mobile money transfers up 30 percent to US$512 million
ICT Minister Supa MandiwanziraZIMBABWE’s telecoms regulator says mobile money transfers have grown nearly 30 percent to US$512 million in the three months to September while revenue in the sector...
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Govt interference could ruin Telecel
“The big question should be who will buy the stake from government eventually. Obviously government will not hold on to this shareholding forever”.MARKET watchers and telecoms experts this week...
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ZESA board sanctions 300MW Eskom deal
Herbert MurerwaTHE ZESA Holdings board last week approved management’s proposal to import up to 300 megawatts (MW) of electricity from South Africa’s power utility Eskom, the Financial Gazette’s...
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Zimbabwe’s forlorn minerals export dream
Mines and Mining Development Minister, Walter ChidhakwaIT is said dreaming is a human right that was granted to every human being by God at the beginning of time. And fertile dreaming has kept many...
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Cash crisis bites ZANU-PF
Ignatius ChomboTHE ruling ZANU-PF party is neck-deep in the throes of financial woes, resulting in failure to pay scores of its employees for the last six months. So thin is the party’s financial base...
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Tables turned against Saviour Kasukuwere
Saviour KasukuwereMEMBERS of the Zimbabwe National Liberation War Veterans Association (ZNLWVA) are ratcheting up pressure on President Robert Mugabe to demote or dismiss national political commissar,...
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‘End child marriages now’: Plan International
Child marriage is a global problem that cuts across countries, cultures, religions and ethnicity. It denies girls their rights to health, to live in security and to choose when and whom they marryCHILD...
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Chinamasa announces new IPEC board
Lynn Mukonoweshuro GOVERNMENT has raised the minimum capital requirements for short-term insurers and life assures, with the newly appointed Insurance and Pensions Commission (IPEC) board expected to...
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Acquisition of Mimosa co-owner Aquarius to be competed next April
The price of platinum prices was at US$828 per ounce on Monday morningAQUARIUS Platinum, which jointly owns Zimbabwe’s Mimosa Mine in Zvishavane, expects the purchase of its assets by Sibanye Gold to...
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Zimbabwe eyes US$4 billion energy deals on Chinese president’s visit
Chinese President Xi Jinping and President Robert MugabeZIMBABWE expects to sign agreements worth about US$4 billion for the upgrade and construction of four power plants with a combined electricity...
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Fingaz maintains pole position
The Financial Gazette ‘Leadership in readershipTHE Financial Gazette maintained its leadership position among the country’s business weeklies between May 2014 and October 2015, the latest Zimbabwe...
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More trouble ahead: Analysts
Finance Minister Patrick ChinamasaECONOMIC analysts and commentators have projected a gloomy outlook for 2016, warning that the US$4 billion National Budget presented by Finance Minister Patrick...
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Danger: Dull festive season ahead
The morale and spirit of Zimbabweans is already at its lowest ebb and this Christmas will be one of the worst everBULAWAYO — The end of the year in this part of the world has a special significance. It...
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Blood, thunder ZANU-PF conference in offing
President Robert Mugabe and his vice presidents Emmerson Mnangagwa (left) and Phelekezela MphokoFROM tourists flocking in to get a view of one of the world’s natural wonders, to locals bustling to make...
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