Business

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MAYA Slams Mutare 2022 Budget

By Gilbert Munetsi A Mutare-based community group advocating for the empowerment of youths and women has come out guns blazing, objecting to City of Mutare’s proposed 20 perent tariff hike for 2022. Manica Youth Assembly Trust (MAYA) – whose mandate is to encourage active and holistic participation by the two …

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ED Appoints Barbra Rwodzi As Minister

By Mercy MungoriwoPresident Emmerson Mnangagwa has with immediate effect appointed Member of Parliament, for Chirumhanzu South, Barbra Rwodzi as the new Deputy Minister for Environment, Climate, Tourism and Hospitality. Her elevation to the post was announced by Chief Secretary to the President and Cabinet, Dr Misheck Sibanda in a statement, …

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RBZ Auction Disqualifies 547 “Dubious” Bids

Reserve Bank of Zimbabwe (RBZ) foreign exchange auction Tuesday disqualified a total 547 suspicious bids as the authorities sniff out chancers who intend to acquire foreign currency for speculative purposes. A trading update released at the close of business shows on the Main Auction platform 236 bids were disqualified while …

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IPEC Warns Insurers Against Graft

Insurance and Pensions Commission (IPEC) has cautioned stakeholders in the insurance and pensions sector to desist from accepting bribes under the pretext of gifts and other items of value. The insurance and pension funds regulator yesterday released a draft circular codenamed “standards for the pensions industry on payment and receipt …

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Mining Firm Constructs Community Library For Hwange

A Hwange-based coal producer, South Mining Pvt Ltd is in the process of constructing a community library for the residents. This is part of its corporate social responsibility for Hwange Local Board (HLB). The entity recently added US$60 million towards investments in Hwange district after being awarded a mining licence …

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Businessman Munatsi Dies

Douglas Munatsi, the Chief Executive Officer of the Zimbabwe Investment and Development Agency, has died in a house fire. Police are investigating the fire as possible arson. Munatsi who died on Sunday 28 November 2021 was due to meet President Emmerson Mnangagwa this morning (Monday 29 November 2021). Here Are …

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ZISMIWU Bags 531pc Salary Increase

A newly elected Zimbabwe Sugar Milling Industry Workers’ Union (ZISMIWU) executive led by Samuel Mubango has won a 531% salary increase in a development that has won it accolades from its members. ZISMIWU is one of the biggest trade unions in the country, representing more than 10 000 workers at …

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IMF Revises Zim Growth Estimate

The International Monetary Fund (IMF) has upgraded its estimate for economic growth in Zimbabwe this year from 5,1 percent to 6 percent, very close to the Government estimate of 7,8 percent, based on increased productive investment, and has given a thumbs up to the continued programme of almost eliminating budget …

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Large Gold Miners Push Output Beyond Projections: Chitando

Huge investments into Zimbabwe’s large-scale gold mines have bolstered output in several key operators that have pushed production beyond initial projections, Mines minister Winston Chitando said this week. Investments into key operations like the Zimbabwe Stock Exchange (ZSE)-listed conglomerate Padenga Holdings’ Eureka and Pickstone gold mines in Mashonaland Central are …

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$8 Billion Target For Pfumvudza/Intwasa Programme

Heavy rains that fell in Gokwe North District from Wednesday night till yesterday morning brought relief to villagers after days of high temperatures. And that relief turned into celebration when President Mnangagwa descended on the area yesterday for the national launch of the 2021/2022 Pfumvudza/Intwasa Programme at Nyenunka Primary School …

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