Business

South Africa based green-tech energy Agilitee Africa, which recently opened shop in Harare, has appointed Mrs Bonisile Roberts as the company’s new chief executive. Mrs Roberts, who was formerly the company’s chief operating officer takes over from Dr Mandla Lamba the founder of Agilitee Africa who will take up the …

Government’s intervention in the economy has failed to improve market performance as its policy measures   have not arrested unrelenting  inflation, haemorrhage exchange rate and currency volatilities, which are ravaging the economy. The observation was made by multiple economists and captains of industry who spoke to Business Times. The economic inefficiency, which resulted in …

Zimbabwe’s tobacco industry has been rocked by a scandal involving  contractors collecting insurance premiums from unsuspecting farmers contracted under them, prejudicing the growers, Business Times can report. Multiple players told Business Times this week that the contractors, who are not authorised to transact insurance business, were  not remitting  the premiums,  which range from US$70 to US$120 per …

CIVIL servants under the Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) are this Friday set to march against government’s continued reluctance to pay them in US dollars. Worries emanating from biting inflation and their devalued salaries have been ignored by government according to ZCPSTU. In a statement, ZCPSTU organising …

Zimbabwe is taking steps to tackle an inflation rate that’s jumped to 132% after its currency slumped, Finance Minister Mthuli Ncube said.   “We are instituting measures that every other country in the world is instituting,” Ncube said in an interview with Bloomberg Television’s Manus Cranny and Yousef Gamal El-Din …

Zimbabwe’s inflation rate jumped back into triple digits in May after the central bank effectively devalued the local currency by introducing a new interbank rate at which most commerce will take place. Annual inflation quickened to 131.7% from 96.4% in April, ending a 10-month period in which the rate was …

THE Grain Millers Association of Zimbabwe (GMAZ) has secured 400 000 metric tons of white maize from Zambia and Malawi. The move, which comes after government gave private players the greenlight to import the stapple, offset shortages caused by a severe drought that hit the country during the 2021/22 farming …

THE elderly should be trained in ICTs to benefit from e-Health facilities that are key in modern day consultations, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) Director-General Gift Machengete says. Speaking the World Telecommunications and Information Society Day commemorations held at the weekend in Murombedzi, Machengete said ICTs …

FARMERS are pleading with the Grain Marketing Board to raise to 50% United States dollar (USD) offer to maize farmers. Zimbabwe Farmers Union (ZFU) president Abdul Nyathi:  “We welcome the 30% offered although we would have wanted it to be 50% for a start. We hope in the next season …

ZIMBABWE born telecommunications entrepreneur Strive Masiyiwa has moved to number 89 on the UK’s rich list, up from 159 last year. According to the Sunday Times Rich List for 2022, Masiyiwa’s fortune has grown to £2bn (US$2.5bn), growing by £913m (US$1.14bn) over the past 12 months. It was when he …