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Bank CEOs Salt Away Their Earnings Offshore

Chief executive officers of Zimbabwe’s banks are salting away offshore their foreign currency earnings, instead of banking with local financial institutions they head, Zimbabwe Anti-Corruption Commission (Zacc) chairperson Loice Matanda-Moyo ( pictured) has revealed, citing a survey her organisation conducted. The Zacc boss said bankers are salting away money offshore. …

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Jet Store Opens Branch In Hwange

Giant clothing firm Jet Stores opened a new branch in the mining town of Hwange, Friday. It becomes the second branch In Hwange district after the one located in Victoria Falls. The clothing entity, a subsidiary of Edgars Stores is on an expansion drive throughout the country after recently opening …

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Mutoko Farmers Welcome Processing Plant

Hundreds of small scale farmers yesterday thronged the Tabudirira Vocational Centre in Mutoko where President Mnangagwa commissioned a fruit and vegetable processing plant which is expected to contribute to crop value addition in line with Vision 2030 supported by the National Development Strategy 1. The plant, which was funded by …

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‘Abandon Forex Auction’

Captains of industry this week pressured the Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya to consider abandoning the ‘inefficient’ Dutch foreign currency auction system or do an overhaul of the system. Local businesses also suggested the return of the interbank system to allocate foreign currency in the economy. The …

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Mash Central Agric Show Roars Into Life

The annual Mashonaland Central Agricultural show roared into life yesterday at Bindura showgrounds and will run until this Saturday. Running under the theme, “Enhanced Agricultural Productivity, the driving force to economic development,” the show is hosting about 140 exhibitors amongst them government departments, agro equipment and fertilizer manufacturers, NGO’s and …

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Music Streamers Turn To Telcos To Make Africa Pay

Africa, with its internationally recognised musical talent – and growing mobile phone use – is central to Swedish music streamer Spotify’s (SPOT.N) plans to extend its reach to a billion customers. As African artists such as Nigeria’s Burna Boy and South Africa’s Black Coffee are streamed across the world, the …

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