Business

Both governments have perfected the art of creating chaos to their benefit Venezuela and Zimbabwe were both once among the most prosperous economies in their regions. When Zimbabwe gained independence in 1980, it was referred to as the “breadbasket of Africa.” Around the same time, scholars described Venezuela as “a …

Bindura Bureau Youths in mining have called on government to allow them to start mining at the famous Kitsayatota gold fields in Bindura which have been closed since last year. The youths promised they will be professional in their operations. Speaking during a MINEX Northern Region meeting in Glendale, Wednesday, …

Health authorities say a lithium project in Goromonzi is posing a health crisis after employing over 4 000 workers without establishing a static clinic at the plant which has resulted in an upsurge of sexually transmitted infections in the district. A large number of sex workers have also camped in …

The practice of Government headquarters staff buying themselves hampers and vouchers has been blocked and the Ministry of Finance and Economic Development has insisted that any Government travel must provide value for money. This follows the insistence from the ministry for contractors to be vetted to avoid overcharging, and now …

There was chaos in the National Assembly yesterday with legislators nearly coming to blows over opposition leader Nelson Chamisa’s calling out of Citizens Coalition for Change (CCC) Members of Parliament (MPs) for accepting US$40 000 loans offered by government. Last week, Chamisa issued a muted condemnation of the loans and …

Zimbabweans are being subjected to 19 hours of power cuts a day, because there is insufficient water in the Kariba dam to drive the nation’s main hydropower plant. The worst outages since 2019 are wreaking havoc, causing snarl-ups in Harare, the capital, where most traffic lights are no longer working, …

The Russia-Ukraine conflict has been a major obstacle to the hunt for new markets in Eastern Europe by the Safari Operators Association of Zimbabwe (Soaz). The war, which began in February this year, has had far-reaching effects, including the disruption of major supply chains globally. Soaz chairperson Emmanuel Fundira told …

The Confederation of Zimbabwe Industries (CZI) has called on Finance Minister, Mthuli Ncube to expeditiously disburse all the amounts allocated to ministries in the National Budget accordingly. The call comes at a time several ministries have in the past bemoaned partial disbursements, sometimes not even adding up to half of the …

Former US President Donald Trump’s family real estate company has been found guilty of tax crimes. The Trump Organization was convicted on all counts on Tuesday after two days of jury deliberations in New York. The business is synonymous with the former president, but neither Mr Trump nor his family …

Reserve Bank of Zimbabwe (RBZ) says to date, ZW$14 billion worth of gold coins have been sold, with corporates consuming a large proportion of the instrument which has gone a long way to mop up excess money in the economy. The central bank also called for the shift from Zim$ …