Staff Writer Air Tanzania has introduced a fourth flight per week to Harare and instalments for clients willing to travel across the world with the airline, Nhau/Indaba reveals. The carrier will make its maiden fourth flight this Saturday and is expected to land at Robert Gabriel Mugabe (RGM) International airport …
Read More »Fuel Levy Reduced, Multi-Currency System To Remain: Mthuli Ncube
Minister of Finance and Economic Development Professor Mthuli Ncube has announced measures deemed necessary to stabilise the exchange rate and control the inflation rate which has reached the 191.6% mark. In his address to the nation through a press conference Monday morning, Prof. Ncube said the multi-currency system will remain …
Read More »Belarusian Tycoon’s African Footprint
ZIMBABWE and Belarus have become close allies, united by commercial and diplomatic interests — including shady deals between their leaders — all being carefully cultivated by the far-flung Eastern European country’s controversial tycoon Alexander Zingman. MOSES MATENGA Tellingly, Zingman is close to President Emmerson Mnangagwa and his counterpart Alexander Lukashenko. …
Read More »NRZ Looting Unearthed
An internal audit has uncovered corporate governance rot, and looting at ailing parastatal National Railways of Zimbabwe (NRZ) with board chairperson Martin Dinha (pictured) and his board allegedly blowing millions of dollars on luxuries. The audit report, seen by the Zimbabwe Independent, exposes how the struggling parastatal lost millions of …
Read More »Strike Balance Between Profitability Workers Welfare, ED Tells Companies
An investor-friendly environment that comes with ubiquitous construction projects has spurred manufacturing industries growth in Zimbabwe as they have ramped up production in the national quest to be an upper middle class economy by 2030. Such industries that are counting profits riding on the construction of roads, dams and other …
Read More »Zim Sinks Deeper Into Debt Hole
The government last year added US$6,45 billion to the public debt as the Treasury assumed the former white farmer’s compensation fund under domestic debt and the Reserve Bank of Zimbabwe (RBZ) legacy loans. In the Treasury’s newly released 2021 Annual Public Debt Bulletin, public debt was ZW$1,86 trillion and using …
Read More »EcoCash Transaction Limits Reviewed
Mobile money service operator EcoCash has adjusted upwards its transaction limits with users now able to send up to ZW$280 000 per month, and to shop and pay bills of up to ZW$400 000 in a single month. “The good news for EcoCash customers is that they can now transact …
Read More »Don’t Come Back With ZWL$ Offer Again, Workers Tell Govt
Aggrieved civil servants say the government team leaders should not return with another ZWL$ offer at the negotiating table as the currency has weakened requiring weekly salary negotiations. The call comes at a time when the workers rejected the government’s 100% ZWL$ salary increment last week. The lowest civil servant earns about …
Read More »CCC-Run Councils To ‘Reject’ July Moyo’s Fire Trucks: Party
HARARE – The Citizens Coalition for Change which is the majority party in most urban councils says it is prepared to go to court to stop local government minister July Moyo forcing local authorities to buy fire tenders from Belarus at inflated prices. In a shock directive this week, Moyo …
Read More »FINSEC Derivatives Market Launches
News Editor The Financial Securities Exchange (FINSEC) will today launch the Derivatives Market to allow diversification of capital market products and trading, allowing market players to make more informed investment decisions. This follows the recent gazetting of Statutory Instrument 70 of 2022 as well as approval of the Derivatives Rules …
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