Business

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Zim’s Economic Woes Affecting Entire Sadc Region: Chissano

Challenges in Zimbabwe, including its economic woes, are leading to “terrible consequences” for the southern African region and something must be done soon to change it, according to former Mozambican president Joachim Chissano. Chissano, the facilitator of a high-level discussion on Zimbabwe’s bid to end its protracted standoff with its …

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Kuvimba Gets Cabinet Nod To Sell Iron Ore At ZISCO

State-run resources firm Kuvimba Mining House (KMH) has been given a Cabinet approval to sell Ziscosteel’s vast iron ore reserves worth about US$500 million, officials said this week. The government holds 65% shareholding in the firm. KMH has injected US$1 million into the firm under a revitalisation plan entered with …

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Gold-Backed Token & Mosi Oa Tunya Coin Prices: 12 May 2023

The Reserve Bank of Zimbabwe (RBZ) published the prices of the Mosi Oa Tunya Gold Coin and the Gold-backed Digital Token as of 11 May 2023. The values provided represent the prices in different currencies US dollars, South African Rand, Botswana pula, British pounds, Australian dollars, Euros and Zimbabwean dollars. …

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Zimbabweans Head Back To Villages As Rentals Spike

Many Zimbabweans living in cities could be evicted from rented houses, as the local unit continues in a tailspin, eroding purchasing power, several reports indicated this week, as desperate authorities were locked in ad hoc meetings to thrash out a solution. According to the Zimbabwe Price Check (ZPC), which tracks …

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Govt Lifts All Import Restrictions On Basics

GOVERNMENT has lifted all restrictions on the importation of basic commodities to boost market supplies and granted 100 percent retention of domestic foreign currency earnings, with a further fine-tuning of the official foreign exchange auction system expected to tackle resurgent price madness and stabilise the economy. In addition, Treasury will …

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Belarus To Exhibit At ZITF For The First Time

Belarus will exhibit at this year’s edition of the Zimbabwe International Trade Fair (ZITF) for the first time ever, as relations between Harare and Minsk continue to grow from strength to strength following President Alexander Lukashenko’s recent State visit. Zimbabwe will in turn reciprocate the gesture by participating at the …

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Zimbabwe Signs 17 BIPPAs To Protect Foreign Investors

Zimbabwe has ratified 17 Bilateral Investment Protection and Promotion Agreements (BIPPAs) as it commits to protect investors, 22 years after it watched as land under protection was seized during the fast track land reform exercise. Zimbabwe is under pressure from the international community to compensate for land seized despite being …

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Rehabilitation Of Bindura-Shamva Road Starts

Bindura BureauRoad users of the Bindura-Shamva highway are set to find traveling much easier following the partnership between the ministry of Transport and Infrastructural Development, Shamva Gold Mine, and Freda Rebecca Gold Mine (subsidies of Kuvimba Mining House) to rehabilitate the road.  According to a top official in the Transport …

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